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Guarantee Arrangements
 12 Months Ended
Sep. 30, 2015
Guarantees [Abstract]  
Guarantee Arrangements
Guarantee Arrangements

The Company is party to multiple agreements whereby at September 30, 2015 and 2014 it guaranteed an aggregate of $606.3 million and $431.5 million, respectively, in indebtedness of customers. The Company estimated that its maximum loss exposure under these contracts at September 30, 2015 and 2014 was $120.4 million and $114.7 million, respectively. Under the terms of these and various related agreements and upon the occurrence of certain events, the Company generally has the ability to, among other things, take possession of the underlying collateral. If the financial condition of the customers were to deteriorate and result in their inability to make payments, then additional accruals may be required. While the Company does not expect to experience losses under these agreements that are materially in excess of the amounts reserved, it cannot provide any assurance that the financial condition of the third parties will not deteriorate resulting in the third parties' inability to meet their obligations. In the event that this occurs, the Company cannot guarantee that the collateral underlying the agreements will be sufficient to avoid losses materially in excess of the amounts reserved. Any losses under these guarantees would generally be mitigated by the value of any underlying collateral, including financed equipment, and are generally subject to the finance company's ability to provide the Company clear title to foreclosed equipment and other conditions. During periods of economic weakness, collateral values generally decline and can contribute to higher exposure to losses.

Changes in the Company’s credit guarantee liability were as follows (in millions):
 
Fiscal Year Ended
September 30,
 
2015
 
2014
Balance at beginning of year
$
4.6

 
$
4.3

Provision for new credit guarantees
3.8

 
2.0

Settlements made
(0.1
)
 
(0.4
)
Changes for pre-existing guarantees, net
(0.4
)
 
0.3

Amortization of previous guarantees
(2.1
)
 
(1.5
)
Foreign currency translation
(0.2
)
 
(0.1
)
Balance at end of year
$
5.6

 
$
4.6