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INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The Company’s income from continuing operations before income taxes includes the following components for the periods shown below (in millions):

			Fiscal Years Ended September 30,
			2024						2023						2022
United States			$	1,800					$	1,413					$	882
Foreign			415						303						245
			$	2,215					$	1,716					$	1,127

Income Tax Provision on Income Before Income Taxes

The Company’s income tax provision (benefit) on income from continuing operations consists of the following for the periods shown below (in millions):

			Fiscal Years Ended September 30,
			2024						2023						2022
Current
Federal			$	354					$	276					$	194
State			38						41						27
Foreign			98						97						62
			490						414						283
Deferred
Federal			(6)						28						(17)
State			7						11						(8)
Foreign			9						(36)						3
			10						3						(22)
			$	500					$	417					$	261

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate for the periods shown below is as follows:

			Fiscal Years Ended September 30,
			2024						2023						2022
Federal statutory income tax rate			21.0		%				21.0		%				21.0		%
Changes in valuation allowances impacting results			4.0		%				5.3		%				5.5		%
State and local income taxes, net of federal benefit			1.3		%				1.7		%				0.1		%
Federal deemed inclusion amounts			0.5		%				0.3		%				1.5		%
Withholding taxes			0.2		%				0.2		%				1.2		%
Provision to return adjustments			0.1		%				0.3		%				(1.0)		%
Foreign-derived intangible income			(1.2)		%				(1.2)		%				(2.0)		%
Stock-based compensation			(3.6)		%				(2.3)		%				(2.8)		%
Other—net			0.3		%				(1.0)		%				(0.3)		%
Effective income tax rate			22.6		%				24.3		%				23.2		%

Components of Deferred Taxes

The components of the deferred taxes consist of the following (in millions):

			September 30, 2024						September 30, 2023
Deferred tax assets (liabilities):
Intangible assets			$	(1,008)					$	(852)
Property, plant and equipment			(101)						(82)
Interest rate swaps, caps and collars			(8)						(47)
Interest expense limitation			279						190
Employee benefits			115						103
Inventories			90						89
Capitalized research and development costs			73						52
Net operating losses			52						66
Loss contract reserves			33						36
Environmental reserves			10						10
U.S. income tax credits			7						25
Product warranty reserves			7						6
Non-U.S. income tax credits			3						9
Other			—						(5)
Total			(448)						(400)
Add: Valuation allowance			(318)						(227)
Total net deferred tax assets (liabilities)			$	(766)					$	(627)

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

			2024						2023
Balance at October 1			$	17					$	17
Additions based on tax positions related to the prior year			1						4
Additions based on tax positions related to the current year			—						—
Reductions based on tax positions related to the prior year			—						—
Settlement with tax authorities			(3)						(3)
Lapse in statute of limitations			(1)						(1)
Balance at September 30			$	14					$	17

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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