v3.22.2.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Commodity Contracts that Hedge Forecasted Purchases
The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:
September 30,
20222021
Commodity
Urea54,000 tons94,500 tons
Diesel3,150,000 gallons5,880,000 gallons
Heating Oil1,218,000 gallons2,268,000 gallons
Summary of Fair Values of the Company's Derivative Instruments
The fair values of the Company’s derivative instruments, which represent Level 2 fair value measurements, were as follows:
Assets / (Liabilities)
  20222021
Derivatives Designated as Hedging InstrumentsBalance Sheet LocationFair Value
Interest rate swap agreementsPrepaid and other current assets$12.8 $— 
Other assets18.2 3.3 
Other current liabilities— (5.7)
Other liabilities— (2.5)
Commodity hedging instrumentsPrepaid and other current assets2.4 13.9 
Total derivatives designated as hedging instruments$33.4 $9.0 
Derivatives Not Designated as Hedging InstrumentsBalance Sheet Location
Currency forward contractsPrepaid and other current assets$3.4 $3.4 
Other current liabilities— (0.2)
Commodity hedging instrumentsPrepaid and other current assets0.4 1.3 
Total derivatives not designated as hedging instruments3.8 4.5 
Total derivatives$37.2 $13.5 
Schedule of the Effect of Derivative Instruments on AOCI and Operations
The effect of derivative instruments on AOCL, net of tax, and the Consolidated Statements of Operations for the years ended September 30 was as follows:
 
 Amount of Gain / (Loss)
Recognized in AOCL
Derivatives in Cash Flow Hedging Relationships20222021
Interest rate swap agreements$24.1 $3.4 
Commodity hedging instruments5.8 16.4 
Total$29.9 $19.8 
 
Reclassified from AOCL intoAmount of Gain / (Loss)
Derivatives in Cash Flow Hedging RelationshipsStatement of Operations20222021
Interest rate swap agreementsInterest expense$(2.1)$(7.7)
Commodity hedging instrumentsCost of sales8.9 2.3 
Total$6.8 $(5.4)
 
Recognized in
Amount of Gain / (Loss)
Derivatives Not Designated as Hedging InstrumentsStatement of Operations20222021
Currency forward contractsOther income / expense, net$17.9 $(4.2)
Commodity hedging instrumentsCost of sales10.5 4.5 
Total$28.4 $0.3