XML 71 R41.htm IDEA: XBRL DOCUMENT v3.24.3
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Other intangible assets–net in the consolidated balance sheets consist of the following at September 30 (in millions):
 20242023
 Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Trademarks and trade names$1,165 $— $1,165 $1,019 $— $1,019 
Technology2,510 1,003 1,507 2,124 888 1,236 
Order backlog61 13 48 7 6 1 
Customer relationships895 175 720 623 136 487 
Other12 6 6 9 5 4 
Total$4,643 $1,197 $3,446 $3,782 $1,035 $2,747 
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class fiscal year ended September 30, 2024 are summarized in the table below (in millions):
Gross AmountAmortization Period
Intangible assets not subject to amortization:
Goodwill$1,349 
Trademarks and trade names142 
1,491 
Intangible assets subject to amortization:
Technology366 20 years
Order backlog56 
1 to 3 years
Customer relationships258 20 years
680 
Total$2,171 
Schedule of Aggregate Amortization Expense
Information regarding the amortization expense of amortizable intangible assets is detailed below (in millions):
Annual Amortization Expense:
Fiscal Years Ended September 30, 
2024$161 
2023139 
2022136 
Schedule of Finite-Lived Intangible Assets, Future Amortization
Estimated Amortization Expense:
Fiscal Years Ended September 30, 
2025$196 
2026179 
2027169 
2028164 
2029160 
Summary of Changes in Carrying Value of Goodwill
The following is a summary of changes in the carrying value of goodwill by segment for the fiscal years ended September 30, 2023 and 2024 (in millions):
Power & ControlAirframeNon-aviationTotal
Balance at September 30, 2022$4,155 $4,393 $93 $8,641 
Goodwill acquired during the period (Note 2)12 244 — 256 
Purchase price allocation adjustments4 3 — 7 
Currency translation adjustments and other23 61 — 84 
Balance at September 30, 20234,194 4,701 93 8,988 
Goodwill acquired during the period (Note 2)786 563 — 1,349 
Purchase price allocation adjustments (1)
— 35 — 35 
Currency translation adjustments and other40 7 — 47 
Balance at September 30, 2024$5,020 $5,306 $93 $10,419 
(1)Primarily related to opening balance sheet adjustments recorded from the fiscal 2023 acquisition of Calspan. Refer to Note 2, “Acquisitions,” for further information.