Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Balance Sheet Location and Fair Value of Derivative Assets and Liabilities

The following table presents the Company’s derivative assets and liabilities on a gross basis as of June 30, 2015 and 2014:

	June 30, 2015			June 30, 2014 (a)
Derivative assets:
Derivatives designated as hedging instruments:
Commodity contracts	$	—		$	8.1
Foreign currency contracts	29.1			0.8
Cross-currency contracts	8.2			—
Interest rate contracts	1.0			—
	38.3			8.9
Derivatives subject to PGC and DS mechanisms:
Commodity contracts	1.9			2.4
Derivatives not designated as hedging instruments:
Commodity contracts	19.9			22.5
Total derivative assets	$	60.1		$	33.8
Derivative liabilities:
Derivatives designated as hedging instruments:
Commodity contracts	$	—		$	(4.2	)
Foreign currency contracts	(0.1		)	(5.1		)
Cross-currency contracts	—			(2.0		)
Interest rate contracts	(2.0		)	(25.2		)
	(2.1		)	(36.5		)
Derivatives subject to PGC and DS mechanisms:
Commodity contracts	(4.8		)	(0.8		)
Derivatives not designated as hedging instruments:
Commodity contracts	(147.8		)	(25.9		)
Total derivative liabilities	$	(154.7	)	$	(63.2	)

(a) Certain immaterial amounts have been revised to correct the classification of derivatives.

Derivative Assets and Liabilities and the Effects of Offsetting

The following table presents the Company’s derivative assets and liabilities, as well as the effects of offsetting, as of June 30, 2015 and 2014:

	Gross Amounts Recognized			Gross Amounts Offset in Balance Sheet			Net Amounts Recognized			Cash Collateral (Received) Pledged		Net Amounts Recognized in Balance Sheet
June 30, 2015
Derivative assets	$	60.1		$	(17.2	)	$	42.9		$	—	$	42.9
Derivative liabilities	$	(154.7	)	$	17.2		$	(137.5	)	$	2.2	$	(135.3	)
June 30, 2014
Derivative assets	$	33.8		$	(20.1	)	$	13.7		$	—	$	13.7
Derivative liabilities	$	(63.2	)	$	20.1		$	(43.1	)	$	—	$	(43.1	)

Effects of Derivative Instruments on the Condensed Consolidated Statements of Income and Changes in AOCI and Noncontrolling Interest

The following tables provide information on the effects of derivative instruments in the Condensed Consolidated Statements of Income and changes in AOCI and noncontrolling interests for the three and nine months ended June 30, 2015 and 2014:

	Gain (Loss) Recognized in AOCI and Noncontrolling Interests						Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income						Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Three Months Ended June 30,	2015			2014			2015			2014
Cash Flow Hedges:
Commodity contracts	$	—		$	(1.7	)	$	0.1		$	4.3		Cost of sales
Foreign currency contracts	(6.4		)	1.1			0.4			(0.2		)	Cost of sales
Cross-currency contracts	(1.5		)	—			8.6			(0.1		)	Interest expense/other operating income, net
Interest rate contracts	0.6			(0.6		)	(11.5		)	(3.9		)	Interest expense
Total	$	(7.3	)	$	(1.2	)	$	(2.4	)	$	0.1
	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
Three Months Ended June 30,	2015			2014
Derivatives Not Designated as Hedging Instruments:
Commodity contracts	$	(23.5	)	$	(4.9	)	Cost of sales
Commodity contracts	0.3			—			Revenues
Commodity contracts	0.1			—			Operating expenses / other operating income, net
Total	$	(23.1	)	$	(4.9	)
	Gain (Loss) Recognized in AOCI and Noncontrolling Interests						Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income						Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Nine Months Ended June 30,	2015			2014			2015			2014
Cash Flow Hedges:
Commodity contracts	$	—		$	59.5		$	(2.2	)	$	66.5		Cost of sales
Foreign currency contracts	26.0			(1.6		)	9.6			(3.7		)	Cost of sales
Cross-currency contracts	6.0			(1.1		)	8.5			(0.2		)	Interest expense/other operating income, net
Interest rate contracts	3.0			(4.1		)	(18.9		)	(12.0		)	Interest expense
Total	$	35.0		$	52.7		$	(3.0	)	$	50.6
	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
Nine Months Ended June 30,	2015			2014
Derivatives Not Designated as Hedging Instruments:
Commodity contracts	$	(328.3	)	$	(14.3	)	Cost of sales
Commodity contracts	(0.5		)	—			Revenues
Commodity contracts	(0.4		)	0.1			Operating expenses/other operating income, net
Total	$	(329.2	)	$	(14.2	)