XML 33 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Discontinued Operations (Notes)
6 Months Ended
Mar. 31, 2015
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations
Exit of Physical Base Metals Business
The Company completed its exit of the physical base metals business during the second fiscal quarter of 2014. Under existing accounting guidance, before the implementation of ASU 2014-08, the Company reclassified the physical base metals activities in the financial statements as discontinued operations for all periods presented. The physical base metals business was previously included in the Physical Commodities segment (see Note 19Segment Analysis). The Company continues to operate the portion of its base metals business related to non-physical assets, conducted primarily through the London Metals Exchange.
Summarized below are the components of the Company’s income (loss) from discontinued operations for the three and six months ended March 31, 2015 and 2014:
 
Three Months Ended March 31,
 
Six Months Ended March 31,
(in millions)
2015
 
2014
 
2015
 
2014
Total revenues from discontinued operations
$

 
$
11.6

 
$

 
$
40.9

Total cost of sales of physical commodities from discontinued operations

 
11.4

 

 
40.2

Operating revenues
$

 
$
0.2

 
$

 
$
0.7

 
 
 
 
 
 
 
 
Loss from discontinued operations before income taxes
$

 
$
(0.2
)
 
$

 
$
(0.1
)
Income tax benefit

 

 

 

Loss from discontinued operations, net of tax
$

 
$
(0.2
)
 
$

 
$
(0.1
)