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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Significant Components of Company's Income Tax Provision from Continuing Operations

The more significant components of the Company’s income tax provision from continuing operations are as follows (in millions):

			2022						2021						2020
Tax expense at Ireland statutory rate			$	214					$	327					$	113
U.S. state income tax, net of federal benefit			(23)						34						8
Income subject to the U.S. federal tax rate			(95)						3						(92)
Income subject to rates different than the statutory rate			125						30						99
Reserve and valuation allowance adjustments			(274)						66						(70)
Intercompany intellectual property transfer			—						417						—
Restructuring and impairment costs			40						(9)						50
Income tax provision (benefit)			$	(13)					$	868					$	108

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

			2022						2021						2020
Beginning balance, October 1			$	2,726					$	2,528					$	2,451
Additions for tax positions related to the current year			169						240						128
Additions for tax positions of prior years			31						33						129
Reductions for tax positions of prior years			(48)						(6)						(27)
Settlements with taxing authorities			(7)						(24)						(54)
Statute closings and audit resolutions			(334)						(45)						(99)
Ending balance, September 30			$	2,537					$	2,726					$	2,528

Summary of Income Tax Contingencies

The following table summarizes gross tax effected unrecognized tax benefits that, if recognized, would impact the effective tax rate and the related accrued interest, net of tax benefit (in millions):

			September 30,
			2022						2021						2020
Gross tax effected unrecognized tax benefits			$	1,973					$	2,268					$	2,132
Net accrued interest			284						252						205

Tax Jurisdictions and Years Currently under Audit Exam

In the U.S., fiscal years 2017 through 2018 are currently under exam by the Internal Revenue Service (“IRS”) for certain legal entities. Additionally, the Company is currently under exam in the following major non-U.S. jurisdictions for continuing operations:

Tax Jurisdiction						Tax Years Covered
Belgium						2015 - 2021
Germany						2007 - 2018
Luxembourg						2017 - 2018
Mexico						2015 - 2017
United Kingdom						2014 - 2015, 2017 - 2018; 2020

Components of Provision for Income Taxes on Continuing Operations

Selected income tax data related to continuing operations were as follows (in millions):

			2022						2021						2020
Components of income (loss) from continuing operations before income taxes:
U.S.			$	67					$	543					$	(385)
Non-U.S.			1,643						2,071						1,288
Income from continuing operations before income taxes			$	1,710					$	2,614					$	903
Components of the provision (benefit) for income taxes:
Current
U.S. federal			$	(219)					$	459					$	309
U.S. state			53						108						72
Non-U.S.			294						265						264
			128						832						645
Deferred
U.S. federal			(175)						(7)						(382)
U.S. state			(69)						46						(43)
Non-U.S.			103						(3)						(112)
			(141)						36						(537)
Income tax provision (benefit)			$	(13)					$	868					$	108
Income taxes paid (refunded)			$	568					$	504					$	(386)

Deferred Taxes Classified in Consolidated Statements of Financial Position

Deferred taxes were classified in the consolidated statements of financial position as follows (in millions):

			September 30,
			2022						2021
Other noncurrent assets			$	944					$	755
Other noncurrent liabilities			(500)						(443)
Net deferred tax asset			$	444					$	312

Temporary Differences and Carryforwards in Deferred Tax Assets and Liabilities

Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities included (in millions):

			September 30,
			2022						2021
Deferred tax assets
Accrued expenses and reserves			$	376					$	407
Employee and retiree benefits			77						148
Property, plant and equipment			444						369
Net operating loss and other credit carryforwards			6,472						6,293
Research and development			52						42
Operating lease liabilities			309						334
Other, net			58						28
			7,788						7,621
Valuation allowances			(5,967)						(5,853)
			1,821						1,768
Deferred tax liabilities
Subsidiaries, joint ventures and partnerships			338						346
Intangible assets			730						776
Operating lease right-of-use assets			309						334
			1,377						1,456
Net deferred tax asset			$	444					$	312

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