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INCOME TAXES (Tables) | 12 Months Ended
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Sep. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Pretax Earnings from Continuing Operations | Pretax earnings from continuing operations consist of the following:
| 2022 |  |  | 2023 |  |  | 2024 |
United States | $ | 1,345 |  |  | 1,529 |  |  | 712 |
Non-U.S. | 1,087 |  |  | 1,374 |  |  | 1,308 |
Total pretax earnings | $ | 2,432 |  |  | 2,903 |  |  | 2,020 |
Schedule of Principal Components of Income Tax Expense | The principal components of income tax expense follow:
| 2022 |  |  | 2023 |  |  | 2024 |
Current: |  |  |  |  |
U.S. federal | $ | 315 |  |  | 463 |  |  | 325 |
State and local | 36 |  |  | 47 |  |  | 34 |
Non-U.S. | 306 |  |  | 369 |  |  | 452 |
Deferred: |  |  |  |  |
U.S. federal | (92) |  |  | (159) |  |  | (284) |
State and local | (13) |  |  | (17) |  |  | (18) |
Non-U.S. | (3) |  |  | (61) |  |  | (94) |
Income tax expense | $ | 549 |  |  | 642 |  |  | 415 |
Schedule of Reconciliations of U.S. Federal Statutory Tax Rate | Reconciliations of the U.S. federal statutory income tax rate to the Company's effective tax rate follow.
| 2022 |  |  | 2023 |  |  | 2024 |
U.S. federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State and local taxes, net of U.S. federal tax benefit | 0.7 |  |  | 0.8 |  |  | 0.6 |
Non-U.S. rate differential | 1.2 |  |  | 0.8 |  |  | 2.0 |
Non-U.S. tax holidays | (1.1) |  |  | (0.8) |  |  | (1.7) |
Research and development credits | (0.5) |  |  | (0.5) |  |  | (1.2) |
Foreign derived intangible income | (2.0) |  |  | (2.6) |  |  | (3.8) |
U.S. taxation of Non-U.S. Earnings | 0.4 |  |  | 1.3 |  |  | 2.1 |
Subsidiary restructuring | 0.8 |  |  | — |  |  | (2.9) |
Test & Measurement purchase accounting | — |  |  | — |  |  | 1.7 |
Russia business exit | 2.0 |  |  | 0.2 |  |  | — |
Other | 0.1 |  |  | 1.9 |  |  | 2.8 |
Effective income tax rate | 22.6 | % |  | 22.1 | % |  | 20.6 | %
Schedule of Reconciliation of Unrecognized Tax Benefits |
| 2023 |  |  | 2024 |
Unrecognized tax benefits, beginning | $ | 167 |  |  | 235 |
Additions for current year tax positions | 78 |  |  | 59 |
Additions for prior year tax positions | 13 |  |  | 18 |
Reductions for prior year tax positions | (10) |  |  | (22) |
Acquisitions and divestitures | — |  |  | 13 |
Reductions for settlements with tax authorities | (5) |  |  | (7) |
Reductions for expiration of statutes of limitations | (8) |  |  | (5) |
Unrecognized tax benefits, ending | $ | 235 |  |  | 291 |
Schedule of Deferred Income Tax Assets and Liabilities | The principal items that gave rise to deferred income tax assets and liabilities follow:
| 2023 |  |  | 2024 |
Deferred tax assets: |  |  |
Net operating losses, capital losses and tax credits | $ | 253 |  |  | 283 |
Accrued liabilities | 153 |  |  | 149 |
Postretirement and postemployment benefits | 17 |  |  | 17 |
Employee compensation and benefits | 103 |  |  | 121 |
Other | 158 |  |  | 176 |
Total | $ | 684 |  |  | 746 |
Valuation allowances | $ | (164) |  |  | (256) |
Deferred tax liabilities: |  |  |
Intangibles | $ | (1,387) |  |  | (2,161) |
Pensions | (151) |  |  | (193) |
Property, plant and equipment | (148) |  |  | (121) |
Undistributed non-U.S. earnings | (32) |  |  | (36) |
Deferred gains | (596) |  |  | (21) |
Other | (75) |  |  | (32) |
Total | $ | (2,389) |  |  | (2,564) |
Net deferred income tax liability | $ | (1,869) |  |  | (2,074) |

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