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LEASES (Tables)
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Lease, Cost
The components of lease expense for the fiscal years ended September 30, 2024 and 2023 are as follows (in millions):
Fiscal Years Ended September 30,
Classification20242023
Operating lease costCost of sales or selling and administrative expenses$22 $21 
Finance lease cost:
Amortization of leased assetsCost of sales12 
Interest on lease liabilitiesInterest expense-net16 13 
Total lease cost$50 $43 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash flow information related to leases for the fiscal years ended September 30, 2024 and 2023 is as follows (in millions):
Fiscal Years Ended September 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$21 $21 
Operating cash outflows from finance leases14 10 
Financing cash outflows from finance leases
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$21 $17 
Financing leases83 48 
Operating Leases, Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases is as follows (in millions):
ClassificationSeptember 30, 2024September 30, 2023
Operating Leases
Operating lease right-of-use assetsOther non-current assets$61 $64 
Current operating lease liabilitiesAccrued and other current liabilities19 16 
Long-term operating lease liabilitiesOther non-current liabilities43 51 
Total operating lease liabilities$62 $67 
Finance Leases
Finance lease right-of-use assets, netProperty, plant and equipment-net$252 $176 
Current finance lease liabilitiesCurrent portion of long-term debt
Long-term finance lease liabilitiesLong-term debt256 188 
Total finance lease liabilities$262 $193 
Leases, Weighted-Average Term and Discount Rate Remaining
As of September 30, 2024, the Company has the following remaining lease term and weighted average discount rates:
Weighted-average remaining lease term
Operating leases5.4 years
Finance leases21.0 years
Weighted-average discount rate
Operating leases6.1%
Finance leases7.0%
Finance Lease, Liability, Maturity Maturities of lease liabilities at September 30, 2024 are as follows (in millions):
Operating LeasesFinance Leases
2025$22 $20 
202616 21 
202712 22 
202823 
202923 
Thereafter13 432 
Total future minimum lease payments75 541 
Less: imputed interest13 279 
Present value of lease liabilities reported$62 $262 
Lessee, Operating Lease, Liability, Maturity Maturities of lease liabilities at September 30, 2024 are as follows (in millions):
Operating LeasesFinance Leases
2025$22 $20 
202616 21 
202712 22 
202823 
202923 
Thereafter13 432 
Total future minimum lease payments75 541 
Less: imputed interest13 279 
Present value of lease liabilities reported$62 $262