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Discontinued Operations and Disposal Groups (Tables) | 9 Months Ended
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Jun. 30, 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 nine months ended June 30, 2023 and 2022 and were as follows:
| Climate Technologies |  | ISE and TOD |  |  | Total
| Three Months Ended June 30, |  | Three Months Ended June 30, |  | Three Months Ended June 30,
|  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |
Net sales |  | $ | 1,325 |  |  |  | 847 |  |  |  | 215 |  |  |  | — |  |  |  | 1,540 |  |  |  | 847 |
Cost of sales |  | 892 |  |  |  | 516 |  |  |  | 137 |  |  |  | — |  |  |  | 1,029 |  |  |  | 516 |
SG&A |  | 129 |  |  |  | 122 |  |  |  | 29 |  |  |  | — |  |  |  | 158 |  |  |  | 122 |
Gain on sale of business |  | — |  |  |  | (10,576) |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10,576) |
Other deductions, net |  | 14 |  |  |  | 8 |  |  |  | (478) |  |  |  | — |  |  |  | (464) |  |  |  | 8 |
Earnings before income taxes |  | 290 |  |  |  | 10,777 |  |  |  | 527 |  |  |  | — |  |  |  | 817 |  |  |  | 10,777 |
Income taxes |  | 63 |  |  |  | 2,014 |  |  |  | 57 |  |  |  | — |  |  |  | 120 |  |  |  | 2,014 |
Earnings, net of tax |  | $ | 227 |  |  |  | 8,763 |  |  |  | 470 |  |  |  | — |  |  |  | 697 |  |  |  | 8,763 |
| Climate Technologies |  | ISE and TOD |  |  | Total
| Nine Months Ended June 30, |  | Nine Months Ended June 30, |  | Nine Months Ended June 30,
|  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |
Net sales |  | $ | 3,659 |  |  |  | 3,156 |  |  |  | 698 |  |  |  | 49 |  |  |  | 4,357 |  |  |  | 3,205 |
Cost of sales |  | 2,520 |  |  |  | 2,000 |  |  |  | 443 |  |  |  | 29 |  |  |  | 2,963 |  |  |  | 2,029 |
SG&A |  | 383 |  |  |  | 391 |  |  |  | 98 |  |  |  | 8 |  |  |  | 481 |  |  |  | 399 |
Gain on sale of business |  | — |  |  |  | (10,576) |  |  |  | — |  |  |  | (2,783) |  |  |  | — |  |  |  | (13,359) |
Other deductions, net |  | 26 |  |  |  | 75 |  |  |  | (465) |  |  |  | 12 |  |  |  | (439) |  |  |  | 87 |
Earnings before income taxes |  | 730 |  |  |  | 11,266 |  |  |  | 622 |  |  |  | 2,783 |  |  |  | 1,352 |  |  |  | 14,049 |
Income taxes |  | 158 |  |  |  | 2,366 |  |  |  | 102 |  |  |  | 653 |  |  |  | 260 |  |  |  | 3,019 |
Earnings, net of tax |  | $ | 572 |  |  |  | 8,900 |  |  |  | 520 |  |  |  | 2,130 |  |  |  | 1,092 |  |  |  | 11,030 |
Climate Technologies' results for the three and nine months ended June 30, 2023 include lower expense of $26 and $96, respectively, due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $57 of transaction-related costs for the nine months ended June 30, 2023. Income taxes for the nine months ended June 30, 2023 included approximately $2.2 billion for the gain on the Copeland transaction and subsidiary restructurings in prior quarters, 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 June 30, 2023 and September 30, 2022 are summarized as follows:
| Climate Technologies |  | ISE |  | Total
|  | Sept. 30, |  |  | June 30, |  |  | Sept. 30, |  |  | June 30, |  |  | Sept. 30, |  |  | June 30,
Assets |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |
Receivables |  | $ | 747 |  |  |  | — |  |  |  | 68 |  |  |  | — |  |  |  | 815 |  |  |  | — |
Inventories |  | 449 |  |  |  | — |  |  |  | 81 |  |  |  | — |  |  |  | 530 |  |  |  | — |
Other current assets |  | 49 |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | 53 |  |  |  | — |
Property, plant & equipment, net |  | 1,122 |  |  |  | — |  |  |  | 141 |  |  |  | — |  |  |  | 1,263 |  |  |  | — |
Goodwill |  | 716 |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | 718 |  |  |  | — |
Other noncurrent assets |  | 265 |  |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | 277 |  |  |  | — |
Total assets held-for-sale |  | $ | 3,348 |  |  |  | — |  |  |  | 308 |  |  |  | — |  |  |  | 3,656 |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 752 |  |  |  | — |  |  |  | 60 |  |  |  | — |  |  |  | 812 |  |  |  | — |
Other current liabilities |  | 475 |  |  |  | — |  |  |  | 61 |  |  |  | — |  |  |  | 536 |  |  |  | — |
Deferred taxes and other noncurrent liabilities |  | 154 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | 167 |  |  |  | — |
Total liabilities held-for-sale |  | $ | 1,381 |  |  |  | — |  |  |  | 134 |  |  |  | — |  |  |  | 1,515 |  |  |  | — |
Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the nine months ended June 30, 2023 and 2022 were as follows:
| Climate Technologies |  | ISE and TOD |  |  | Total
| Nine Months Ended June 30, |  | Nine Months Ended June 30, |  | Nine Months Ended June 30, |
|  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |  |  | 2022 |  |  |  | 2023 |  |
Cash from operating activities |  | $ | 486 |  |  |  | 156 |  |  |  | (16) |  |  |  | (595) |  |  |  | 470 |  |  |  | (439) |  |
Cash from investing activities |  | $ | (112) |  |  |  | 9,430 |  |  |  | 551 |  |  |  | 3,055 |  |  |  | 439 |  |  |  | 12,485 |  |

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