XML 46 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Investment and Other Income (Losses), Net
 12 Months Ended
Sep. 30, 2020
Other Income and Expenses [Abstract]  
Investment and Other Income (Losses), Net Other Income (Losses), Net
Investment and other income (losses), net consisted of the following:  
(in millions)
 
 
 
 
 
 
for the fiscal years ended September 30,
 
2020
 
2019
 
2018
Dividend income
 
$
48.9

 
$
97.0

 
$
51.1

Interest income
 
14.3

 
31.0

 
76.5

Gains (losses) on investments, net
 
(16.8
)
 
(9.7
)
 
6.0

Income (losses) from investments in equity method investees
 
(98.1
)
 
(10.4
)
 
44.4

Rental income
 
30.0

 
19.8

 
15.9

Foreign currency exchange (losses) gains, net
 
(22.3
)
 
13.1

 
0.6

Other, net
 
5.6

 
0.6

 
5.8

Investment and Other Income (Losses), Net
 
$
(38.4
)
 
$
141.4

 
$
200.3


Substantially all dividend income was generated by investments in nonconsolidated sponsored funds. Interest income was primarily generated by cash equivalents, debt securities of U.S. states and political subdivisions. Gains (losses) on investments, net consists primarily of realized and unrealized gains (losses) on equity securities measured at fair value and other-than-temporary impairment of investments.
Proceeds from the sale of available-for-sale securities were $1.6 million and $85.5 million in fiscal years 2020 and 2018. There were no sales of available-for-sale securities in fiscal year 2019.
Net losses recognized on equity securities measured at fair value and trading debt securities that were held by the Company at September 30, 2020 and 2019 were $2.6 million and $0.1 million, and the net loss recognized on trading investment securities that were held by the Company at September 30, 2018 was $1.7 million.