Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 30, 2016

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, as well as the effects of offsetting, as of June 30, 2016 and 2015:

	June 30, 2016			June 30, 2015
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts	$	18.6		$	29.1
Cross-currency contracts	0.3			8.2
Interest rate contracts	—			1.0
	18.9			38.3
Derivatives subject to PGC and DS mechanisms:
Commodity contracts	5.7			1.9
Derivatives not designated as hedging instruments:
Commodity contracts	64.5			19.9
Total derivative assets - gross	89.1			60.1
Gross amounts offset in the balance sheet	(36.8		)	(17.2		)
Cash collateral received	(2.3		)	—
Total derivative assets - net	$	50.0		$	42.9
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	$	(0.8	)	$	(0.1	)
Interest rate contracts	(3.8		)	(2.0		)
	(4.6		)	(2.1		)
Derivatives subject to PGC and DS mechanisms:
Commodity contracts	(0.6		)	(4.8		)
Derivatives not designated as hedging instruments:
Commodity contracts	(70.8		)	(147.8		)
Total derivative liabilities - gross	(76.0		)	(154.7		)
Gross amounts offset in the balance sheet	36.8			17.2
Cash collateral pledged	—			2.2
Total derivative liabilities - net	$	(39.2	)	$	(135.3	)

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 on the Condensed Consolidated Statements of Income and changes in AOCI and noncontrolling interests for the three and nine months ended June 30, 2016 and 2015:

Three Months Ended June 30,:
	Gain (Loss) Recognized in AOCI						Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income						Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Cash Flow Hedges:	2016			2015			2016			2015
Commodity contracts	$	—		$	—		$	—		$	0.1		Cost of sales
Foreign currency contracts	11.5			(6.4		)	0.2			0.4			Cost of sales
Cross-currency contracts	0.3			(1.5		)	0.1			8.6			Interest expense/other operating income, net
Interest rate contracts	(0.6		)	0.6			(1.3		)	(11.5		)	Interest expense
Total	$	11.2		$	(7.3	)	$	(1.0	)	$	(2.4	)
	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
Derivatives Not Designated as Hedging Instruments:	2016			2015
Commodity contracts	$	44.8		$	(23.5	)	Cost of sales
Commodity contracts	0.1			0.3			Revenues
Commodity contracts	—			0.1			Operating expenses / other operating income, net
Total	$	44.9		$	(23.1	)
Nine Months Ended June 30,:
	Gain (Loss) Recognized in AOCI						Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income						Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Cash Flow Hedges:	2016			2015			2016			2015
Commodity contracts	$	—		$	—		$	—		$	(2.2	)	Cost of sales
Foreign currency contracts	6.2			26.0			17.4			9.6			Cost of sales
Cross-currency contracts	—			6.0			0.3			8.5			Interest expense/other operating income, net
Interest rate contracts	(32.2		)	3.0			(3.2		)	(18.9		)	Interest expense
Total	$	(26.0	)	$	35.0		$	14.5		$	(3.0	)
	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
Derivatives Not Designated as Hedging Instruments:	2016			2015
Commodity contracts	$	(7.4	)	$	(328.3	)	Cost of sales
Commodity contracts	1.9			(0.5		)	Revenues
Commodity contracts	(0.1		)	(0.4		)	Operating expenses/other operating income, net
Total	$	(5.6	)	$	(329.2	)