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SEGMENTS (Tables)
 12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Net Sales by Reportable Segment
The following table presents net sales by reportable segment (in millions):
 Fiscal Years Ended September 30,
 202420232022
Net sales to external customers
Power & Control
Commercial and non-aerospace OEM$840 $690 $603 
Commercial and non-aerospace aftermarket1,198 1,057 847 
Defense1,903 1,569 1,423 
Total Power & Control3,941 3,316 2,873 
Airframe
Commercial and non-aerospace OEM1,280 989 715 
Commercial and non-aerospace aftermarket1,289 1,112 785 
Defense1,240 993 891 
Total Airframe3,809 3,094 2,391 
Total Non-aviation190 175 165 
Net Sales$7,940 $6,585 $5,429 
EBITDA Defined by Segment to Consolidated Income Before Taxes Operations
The following table reconciles EBITDA As Defined by segment to consolidated income from continuing operations before income taxes (in millions):
 Fiscal Years Ended September 30,
 202420232022
EBITDA As Defined
Power & Control$2,236 $1,866 $1,531 
Airframe1,962 1,547 1,121 
Non-aviation81 71 65 
Total segment EBITDA As Defined4,279 3,484 2,717 
Less: Unallocated corporate EBITDA As Defined106 89 71 
Total Company EBITDA As Defined4,173 3,395 2,646 
Depreciation and amortization expense312 268 253 
Interest expense-net1,286 1,164 1,076 
Acquisition transaction and integration-related expenses70 18 18 
Non-cash stock and deferred compensation expense217 157 184 
Refinancing costs58 56 1 
Other, net15 16 (13)
Income from continuing operations before income taxes$2,215 $1,716 $1,127 
Capital Expenditures and Depreciation and Amortization by Segment
The following table presents capital expenditures and depreciation and amortization by segment (in millions):
 Fiscal Years Ended September 30,
 202420232022
Capital expenditures
Power & Control$90 $67 $63 
Airframe73 65 52 
Non-aviation2 6 3 
Corporate— 1 1 
$165 $139 $119 
Depreciation and amortization
Power & Control$133 $110 $109 
Airframe172 152 138 
Non-aviation6 5 5 
Corporate1 1 1 
$312 $268 $253 
Total Assets by Segment
The following table presents total assets by segment (in millions):
September 30, 2024September 30, 2023
Total assets
Power & Control$9,139 $7,315 
Airframe10,045 8,972 
Non-aviation234 234 
Corporate6,168 3,449 
$25,586 $19,970 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Geographic Area Information
Net sales are measured based on the geographic destination of sales. Long-lived assets consist of property, plant and equipment-net and operating lease right-of-use assets. Net sales and long-lived assets of individual countries outside of the United States are not material.
The following table presents net sales by geographic area (in millions):
Fiscal Years Ended September 30,
202420232022
Net sales
United States$5,032 $4,265 $3,496 
Foreign Countries2,908 2,320 1,933 
$7,940 $6,585 $5,429 
The following table presents long-lived assets by geographic area (in millions):
September 30, 2024September 30, 2023
Long-lived assets
United States$1,273 $1,063 
Foreign Countries276 256 
$1,549 $1,319