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Discontinued Operations and Disposal Groups (Tables) | 6 Months Ended
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Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three and six months ended March 31, 2023 and 2022 and were as follows:
| Climate Technologies |  | ISE and TOD |  |  | Total
| Three Months Ended March 31, |  | Three Months Ended March 31, |  | Three Months Ended March 31,
|  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |
Net sales |  | $ | 1,255 |  |  |  | 1,245 |  |  |  | 245 |  |  |  | — |  |  |  | 1,500 |  |  |  | 1,245 |
Cost of sales |  | 866 |  |  |  | 782 |  |  |  | 158 |  |  |  | — |  |  |  | 1,024 |  |  |  | 782 |
SG&A |  | 127 |  |  |  | 127 |  |  |  | 34 |  |  |  | — |  |  |  | 161 |  |  |  | 127 |
Gain on sale of business |  | — |  |  |  | — |  |  |  | — |  |  |  | (3) |  |  |  | — |  |  |  | (3) |
Other deductions, net |  | 6 |  |  |  | 35 |  |  |  | 7 |  |  |  | — |  |  |  | 13 |  |  |  | 35 |
Earnings before income taxes |  | 256 |  |  |  | 301 |  |  |  | 46 |  |  |  | 3 |  |  |  | 302 |  |  |  | 304 |
Income taxes |  | 56 |  |  |  | 39 |  |  |  | — |  |  |  | — |  |  |  | 56 |  |  |  | 39 |
Earnings, net of tax |  | $ | 200 |  |  |  | 262 |  |  |  | 46 |  |  |  | 3 |  |  |  | 246 |  |  |  | 265 |
| Climate Technologies |  | ISE and TOD |  |  | Total
| Six Months Ended March 31, |  | Six Months Ended March 31, |  | Six Months Ended March 31,
|  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |
Net sales |  | $ | 2,334 |  |  |  | 2,309 |  |  |  | 483 |  |  |  | 49 |  |  |  | 2,817 |  |  |  | 2,358 |
Cost of sales |  | 1,628 |  |  |  | 1,484 |  |  |  | 306 |  |  |  | 29 |  |  |  | 1,934 |  |  |  | 1,513 |
SG&A |  | 254 |  |  |  | 269 |  |  |  | 69 |  |  |  | 8 |  |  |  | 323 |  |  |  | 277 |
Gain on sale of business |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,783) |  |  |  | — |  |  |  | (2,783) |
Other deductions, net |  | 12 |  |  |  | 67 |  |  |  | 13 |  |  |  | 12 |  |  |  | 25 |  |  |  | 79 |
Earnings before income taxes |  | 440 |  |  |  | 489 |  |  |  | 95 |  |  |  | 2,783 |  |  |  | 535 |  |  |  | 3,272 |
Income taxes |  | 95 |  |  |  | 352 |  |  |  | 45 |  |  |  | 653 |  |  |  | 140 |  |  |  | 1,005 |
Earnings, net of tax |  | $ | 345 |  |  |  | 137 |  |  |  | 50 |  |  |  | 2,130 |  |  |  | 395 |  |  |  | 2,267 |
Climate Technologies' results for the three and six months ended March 31, 2023 include lower expense of $43 and $70, respectively, due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $28 and $55 of transaction-related costs for the three and six months ended March 31, 2023, respectively. Income taxes for the six months ended March 31, 2023 included approximately $245 for Climate Technologies subsidiary restructurings and approximately $660 related to the gain on the InSinkErator divestiture. The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of March 31, 2023 and September 30, 2022 are summarized as follows:
| Climate Technologies |  | ISE |  | Total
|  | Sept. 30, |  |  | March 31, |  |  | Sept. 30, |  |  | March 31, |  |  | Sept. 30, |  |  | March 31,
Assets |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |
Receivables |  | $ | 747 |  |  |  | 780 |  |  |  | 68 |  |  |  | — |  |  |  | 815 |  |  |  | 780 |
Inventories |  | 449 |  |  |  | 505 |  |  |  | 81 |  |  |  | — |  |  |  | 530 |  |  |  | 505 |
Other current assets |  | 49 |  |  |  | 62 |  |  |  | 4 |  |  |  | — |  |  |  | 53 |  |  |  | 62 |
Property, plant & equipment, net |  | 1,122 |  |  |  | 1,171 |  |  |  | 141 |  |  |  | — |  |  |  | 1,263 |  |  |  | 1,171 |
Goodwill |  | 716 |  |  |  | 720 |  |  |  | 2 |  |  |  | — |  |  |  | 718 |  |  |  | 720 |
Other noncurrent assets |  | 265 |  |  |  | 347 |  |  |  | 12 |  |  |  | — |  |  |  | 277 |  |  |  | 347 |
Total assets held-for-sale |  | $ | 3,348 |  |  |  | 3,585 |  |  |  | 308 |  |  |  | — |  |  |  | 3,656 |  |  |  | 3,585 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 752 |  |  |  | 644 |  |  |  | 60 |  |  |  | — |  |  |  | 812 |  |  |  | 644 |
Other current liabilities |  | 475 |  |  |  | 494 |  |  |  | 61 |  |  |  | — |  |  |  | 536 |  |  |  | 494 |
Deferred taxes and other noncurrent liabilities |  | 154 |  |  |  | 149 |  |  |  | 13 |  |  |  | — |  |  |  | 167 |  |  |  | 149 |
Total liabilities held-for-sale |  | $ | 1,381 |  |  |  | 1,287 |  |  |  | 134 |  |  |  | — |  |  |  | 1,515 |  |  |  | 1,287 |
Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the six months ended March 31, 2023 and 2022 were as follows:
| Climate Technologies |  | ISE and TOD |  |  | Total
| Six Months Ended March 31, |  | Six Months Ended March 31, |  | Six Months Ended March 31, |
|  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |
Cash from operating activities |  | $ | 234 |  |  |  | 44 |  |  |  | (25) |  |  |  | (435) |  |  |  | 209 |  |  |  | (391) |  |
Cash from investing activities |  | $ | (69) |  |  |  | (139) |  |  |  | (19) |  |  |  | 3,055 |  |  |  | (88) |  |  |  | 2,916 |  |

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