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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding Commodity Hedge Contracts
The Company had the following outstanding contracts to hedge forecasted commodity purchases (in metric tons):
 
 
Volume Outstanding as of
Commodity
 
September 30, 2018
 
September 30, 2017
Copper
 
3,175

 
1,962

Polypropylene
 
15,868

 
19,563

Lead
 
49,066

 
24,705

Aluminum
 
3,381

 
2,169

Tin
 
3,076

 
1,715
Location and Fair Values of Derivative Instruments and Hedging Activities
The following table presents the location and fair values of derivative instruments and hedging activities included in the Company’s consolidated statements of financial position (in millions):
 
Derivatives and Hedging Activities
Designated as Hedging Instruments
under ASC 815
 
Derivatives and Hedging Activities Not
Designated as Hedging Instruments
under ASC 815
 
September 30,
2018
 
September 30, 2017
 
September 30,
2018
 
September 30, 2017
Other current assets
 
 
 
 
 
 
 
Foreign currency exchange derivatives
$
6

 
$
27

 
$
10

 
$
—

Commodity derivatives
1

 
9

 
—

 
—

Other noncurrent assets
 
 
 
 
 
 
 
Equity swap
—

 
—

 
63

 
55

Total assets
$
7

 
$
36

 
$
73

 
$
55

 
 
 
 
 
 
 
 
Other current liabilities
 
 
 
 
 
 
 
Foreign currency exchange derivatives
$
10

 
$
21

 
$
2

 
$
25

Commodity derivatives
14

 
1

 
—

 
—

Long-term debt
 
 
 
 
 
 
 
Foreign currency denominated debt
3,149

 
2,058

 
—

 
—

Total liabilities
$
3,173

 
$
2,080

 
$
2

 
$
25
Derivative Assets and Liabilities, Eligible for Offsetting [Table Text Block]
The gross and net amounts of derivative assets and liabilities were as follows (in millions):
 
Fair Value of Assets
 
Fair Value of Liabilities
 
September 30,
2018
 
September 30,
2017
 
September 30,
2018
 
September 30,
2017
 
Gross amount recognized
$
80

 
$
91

 
$
3,175

 
$
2,105

 
Gross amount eligible for offsetting
(12
)
 
(16
)
 
(12
)
 
(16
)
 
Net amount
$
68

 
$
75

 
$
3,163

 
$
2,089

 
Location and Amount of Gains and Losses Gross of Tax on Derivative Instruments and Related Hedge Items
The following table presents the pre-tax gains (losses) recorded in other comprehensive income (loss) related to cash flow hedges for the fiscal years ended September 30, 2018, 2017 and 2016 (in millions):
Derivatives in ASC 815 Cash Flow Hedging Relationships
 
Year Ended September 30,
 
2018
 
2017
 
2016
Foreign currency exchange derivatives
 
$
2

 
$
(1
)
 
$
(18
)
Commodity derivatives
 
(14
)
 
14

 
3

Total
 
$
(12
)
 
$
13

 
$
(15
)
The following table presents the location and amount of the pre-tax gains (losses) on cash flow hedges reclassified from AOCI into the Company’s consolidated statements of income for the fiscal years ended September 30, 2018, 2017 and 2016 (in millions):
Derivatives in ASC 815 Cash Flow
Hedging Relationships
 
Location of Gain (Loss)
Recognized in Income on Derivative
 
Year Ended September 30,
 
 
2018
 
2017
 
2016
Foreign currency exchange derivatives
 
Cost of sales
 
$
4

 
$
25

 
$
9

Foreign currency exchange derivatives
 
Loss from discontinued operations
 
—

 
—

 
(30
)
Commodity derivatives
 
Cost of sales
 
12

 
8

 
(12
)
Forward treasury locks
 
Net financing charges
 
—

 
—

 
1

Total
 
 
 
$
16

 
$
33

 
$
(32
)

The following table presents the location and amount of pre-tax gains (losses) on fair value hedges recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2018, 2017 and 2016 (in millions):
Derivatives in ASC 815 Fair Value Hedging Relationships
 
Location of Gain (Loss)
Recognized in Income on Derivative
 
Year Ended September 30,
 
 
2018
 
2017
 
2016
Interest rate swap
 
Net financing charges
 
$
—

 
$
(1
)
 
$
(5
)
Fixed rate debt swapped to floating
 
Net financing charges
 
—

 
2

 
5

Total
 
 
 
$
—

 
$
1

 
$
—


The following table presents the location and amount of pre-tax gains (losses) on derivatives not designated as hedging instruments recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2018, 2017 and 2016 (in millions):
Derivatives Not Designated as Hedging Instruments under ASC 815
 
Location of Gain (Loss)
Recognized in Income on Derivative
 
Year Ended September 30,
 
 
2018
 
2017
 
2016
Foreign currency exchange derivatives
 
Cost of sales
 
$
5

 
$
(1
)
 
$
(20
)
Foreign currency exchange derivatives
 
Net financing charges
 
33

 
44

 
21

Foreign currency exchange derivatives
 
Income tax provision
 
(3
)
 
(3
)
 
4

Foreign currency exchange derivatives
 
Loss from discontinued operations
 
—

 
5

 
(30
)
Equity swap
 
Selling, general and administrative
 
(8
)
 
(3
)
 
14

Total
 
 
 
$
27

 
$
42

 
$
(11
)