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Fair Value Measurements (Tables)
 3 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value
The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value as of December 31, 2020 and September 30, 2020 (in millions):
 Fair Value Measurements Using:
 Total as of
December 31, 2020		Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$44 $— $44 $— 
       Commodity derivatives3 — 3 — 
Other noncurrent assets
Deferred compensation plan assets69 69 — — 
Exchange traded funds (fixed income)1
161 161 — — 
Exchange traded funds (equity)1
147 147 — — 
Equity swap
64 — 64 — 
Total assets$488 $377 $111 $— 
Other current liabilities
Foreign currency exchange derivatives$37 $— $37 $— 
Commodity derivatives— — — — 
Total liabilities$37 $— $37 $— 
 
 Fair Value Measurements Using:
 Total as of September 30, 2020Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$27 $— $27 $— 
Exchange traded funds (fixed income)1
19 19 — — 
Commodity derivatives2 — 2 — 
Other noncurrent assets
Deferred compensation plan assets63 63 — — 
Exchange traded funds (fixed income)1
143 143 — — 
Exchange traded funds (equity)1
129 129 — — 
Equity swap58 — 58 — 
Total assets$441 $354 $87 $— 
Other current liabilities
Foreign currency exchange derivatives$10 $— $10 $— 
Total liabilities$10 $— $10 $— 
1 Classified as restricted investments for payment of asbestos liabilities. See Note 22, "Commitments and Contingencies," of the notes to consolidated financial statements for further details.
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the portion of unrealized gains recognized in the consolidated statements of income for the three months ended December 31, 2020 and 2019 that relate to equity securities still held at December 31, 2020 and 2019 (in millions):
Three Months Ended
December 31,
20202019
 Deferred compensation plan assets$5 $3 
 Investments in exchange traded funds21 10