v3.22.4
Financial Instruments and Risk Management (Tables)
 3 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments
The following table provides estimated fair values of derivative instruments:
Fair Value of Assets (1)
December 31,
2022		September 30,
2022
Derivatives designated as cash flow hedging relationships:
Foreign currency contracts$(0.7)$11.3 
Derivatives not designated as cash flow hedging relationships:
Foreign currency contracts$(2.7)$2.0 
(1)All derivative assets are presented in Other current assets or Other assets.
Schedule of Gains and Losses on Derivative Instruments
The following table provides the amounts of gains and losses on derivative instruments:
Three Months Ended
December 31,
20222021
Derivatives designated as cash flow hedging relationships:
Foreign currency contracts 
Gain (loss) recognized in OCI (1)
$(7.1)$1.8 
Gain reclassified from AOCI into income (1) (2)
4.9 1.3 
Derivatives not designated as cash flow hedging relationships:
Foreign currency contracts
Gain (loss) recognized in income (2)
$(2.7)$1.1 
(1)Each of these derivative instruments had a high correlation to the underlying exposure being hedged for the periods indicated and have been deemed highly effective by the Company in offsetting associated risk.
(2)Gain (loss) was recorded in Other income, net.
Schedule of Offsetting Assets and Liabilities
The following table provides financial assets and liabilities for balance sheet offsetting:
At December 31, 2022At September 30, 2022
Assets (1)
Liabilities (2)
Assets (1)
Liabilities (2)
Foreign currency contracts
Gross amounts of recognized assets (liabilities)$2.0 $(5.7)$13.4 $(0.5)
Gross amounts offset in the balance sheet(0.1)0.4 — 0.4 
Net amounts of assets (liabilities) presented in the balance sheet$1.9 $(5.3)$13.4 $(0.1)
(1)All derivative assets are presented in Other current assets or Other assets.
(2)All derivative liabilities are presented in Other current liabilities or Other liabilities.
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis The following table sets forth the Company’s financial assets and liabilities, which are carried at fair value and measured on a recurring basis during the period, all of which are classified as Level 2 within the fair value hierarchy:
December 31,
2022		September 30,
2022
Liabilities at estimated fair value:  
Deferred compensation$(22.6)$(21.8)
Derivatives - foreign currency contracts(3.4)13.3 
Net liabilities at estimated fair value$(26.0)$(8.5)