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Pension and Postretirement Plans
6 Months Ended
Mar. 31, 2022
Retirement Benefits [Abstract]  
Pension and Postretirement Plans Pension and Postretirement Plans
The components of the Company’s net periodic benefit costs from continuing operations associated with its defined benefit pension and postretirement plans, which are primarily recorded in selling, general and administrative expenses in the consolidated statements of income, are shown in the tables below in accordance with ASC 715, "Compensation – Retirement Benefits" (in millions):
 U.S. Pension Plans
Three Months Ended
March 31,
Six Months Ended
March 31,
 2022202120222021
Interest cost$11 $11 $21 $22 
Expected return on plan assets(41)(42)(82)(84)
Net actuarial (gain) loss60 (203)18 (203)
Settlement (gain) loss(4)(4)
Net periodic benefit cost (credit)$32 $(238)$(42)$(269)

 Non-U.S. Pension Plans
Three Months Ended
March 31,
Six Months Ended
March 31,
 2022202120222021
Service cost$$$11 $13 
Interest cost10 20 16 
Expected return on plan assets(21)(27)(42)(55)
Net actuarial gain(1)— (1)— 
Settlement loss— — 
Net periodic benefit cost (credit)$$(13)$(4)$(26)

 Postretirement Benefits
Three Months Ended
March 31,
Six Months Ended
March 31,
 2022202120222021
Interest cost$$$$
Expected return on plan assets(2)(2)(4)(4)
Amortization of prior service credit(1)(1)(2)(2)
Net periodic benefit credit$(2)$(2)$(5)$(4)

Cumulative fiscal 2022 lump sum payouts triggered remeasurement events for certain pension plans in both the first and second quarters of fiscal 2022. During the three and six months ended March 31, 2022, the Company recognized net actuarial losses of $59 million and $17 million, respectively, primarily due to unfavorable plan asset performance, partially offset by increases in discount rates.
During the second quarter of fiscal 2021, the amount of cumulative fiscal 2021 lump sum payouts triggered a remeasurement event for certain U.S. pension plans resulting in the recognition of net actuarial gains of $203 million, primarily due to increases in discount rates and favorable plan asset performance.