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SEGMENTS (Tables)
12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table sets forth, for the periods indicated, certain financial information by reportable segment, which includes a reconciliation of EBITDA As Defined to consolidated income from continuing operations before income taxes (in millions):
Fiscal Year Ended September 30, 2025
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$926 $1,180 $2,106 
Commercial and non-aerospace aftermarket1,360 1,444 2,804 
Defense2,273 1,488 3,761 
Non-aviation— — 160 160 
Net Sales4,559 4,112 160 8,831 
Less:
Other segment expenses (1)
1,964 1,902 93 
Total segment EBITDA As Defined2,595 2,210 67 4,872 
Less: Unallocated corporate EBITDA As Defined112 
Depreciation and amortization expense367 
Interest expense-net1,572 
Acquisition transaction and integration-related expenses42 
Non-cash stock and deferred compensation expense157 
Refinancing costs11 
Other, net(18)
Income from continuing operations before income taxes$2,629 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction losses; acquisition transaction and integration-related expenses and payroll withholding taxes related to dividend equivalent payments.
Fiscal Year Ended September 30, 2024
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$841 $1,280 $2,121 
Commercial and non-aerospace aftermarket1,218 1,290 2,508 
Defense1,907 1,239 3,146 
Non-aviation— — 165 165 
Net Sales3,966 3,809 165 $7,940 
Less:
Other segment expenses (1)
1,715 1,847 99 
Total segment EBITDA As Defined2,251 1,962 66 4,279 
Less: Unallocated corporate EBITDA As Defined106 
Depreciation and amortization expense312 
Interest expense-net1,286 
Acquisition transaction and integration-related expenses70 
Non-cash stock and deferred compensation expense217 
Refinancing costs58 
Other, net15 
Income from continuing operations before income taxes$2,215 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction losses; acquisition transaction and integration-related expenses and payroll withholding taxes related to dividend equivalent payments.
Fiscal Year Ended September 30, 2023
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$696 $989 $1,685 
Commercial and non-aerospace aftermarket1,074 1,112 2,186 
Defense1,569 993 2,562 
Non-aviation— — 152 152 
Net Sales3,339 3,094 152 $6,585 
Less:
Other segment expenses (1)
1,459 1,547 95 
Total segment EBITDA As Defined1,880 1,547 57 3,484 
Less: Unallocated corporate EBITDA As Defined89 
Depreciation and amortization expense268 
Interest expense-net1,164 
Acquisition transaction and integration-related expenses18 
Non-cash stock and deferred compensation expense157 
Refinancing costs56 
Other, net16 
Income from continuing operations before income taxes$1,716 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction losses; acquisition transaction and integration-related expenses and payroll withholding taxes related to dividend equivalent payments.
Assets, Capital Expenditures and Depreciation and Amortization by Segment
September 30, 2025
Power & ControlAirframeNon-aviation
Corporate (1)
Total
Total assets9,859 10,267 202 2,581 22,909 
Capital expenditures108 103 222 
Depreciation and amortization180 181 — 367 
(1)Corporate consists of our corporate offices and does not constitute an operating segment. These amounts are included to reconcile to total consolidated assets, capital expenditures and depreciation and amortization, respectively.
September 30, 2024
Power & ControlAirframeNon-aviation
Corporate (1)
Total
Total assets9,180 10,045 193 6,168 25,586 
Capital expenditures90 73 — 165 
Depreciation and amortization133 172 312 
(1)Corporate consists of our corporate offices and does not constitute an operating segment. These amounts are included to reconcile to total consolidated assets, capital expenditures and depreciation and amortization, respectively.
September 30, 2023
Power & ControlAirframeNon-aviation
Corporate (1)
Total
Total assets7,356 8,972 193 3,449 19,970 
Capital expenditures67 65 139 
Depreciation and amortization110 152 268 
(1)Corporate consists of our corporate offices and does not constitute an operating segment. These amounts are included to reconcile to total consolidated assets, capital expenditures and depreciation and amortization, respectively.
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,
202520242023
Net sales
United States$5,535 $5,032 $4,265 
Foreign Countries3,296 2,908 2,320 
$8,831 $7,940 $6,585 
The following table presents long-lived assets by geographic area (in millions):
September 30, 2025September 30, 2024September 30, 2023
Long-lived assets
United States$1,339 $1,273 $1,063 
Foreign Countries305 276 256 
$1,644 $1,549 $1,319