XML 21 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

Receivables, Loans, Notes Receivable, and Others (Notes) | 9 Months Ended
--- | ---
Jun. 30, 2022
Receivables [Abstract] |
Accounts and Nontrade Receivable | Accounts Receivable, Net Receivables consist of amounts billed and currently due from customers and unbilled costs and accrued profits related to revenues on long-term contracts that have been recognized for accounting purposes but not yet billed to customers. The Company extends credit to customers in the normal course of business and maintains an allowance for expected credit losses resulting from the inability or unwillingness of customers to make required payments. The allowance for expected credit losses is based on historical experience, existing economic conditions, reasonable and supportable forecasts, and any specific customer collection issues the Company has identified. The Company evaluates the reasonableness of the allowance for credit losses on a quarterly basis. The Company enters into various factoring agreements to sell certain accounts receivable to third-party financial institutions. For the majority of these agreements, for ease of administration, the Company collects customer payments related to the factored receivables on behalf of the financial institutions but otherwise maintains no continuing involvement with respect to the factored receivables. Sales of accounts receivable are reflected as a reduction of accounts receivable in the consolidated statements of financial position and the proceeds are included in cash flows from operating activities in the consolidated statements of cash flows. The Company sold $244 million and $612 million of accounts receivable under these factoring agreements during the three and nine months ended June 30, 2022, respectively. The cost of factoring such receivables was not material. As of June 30, 2022, $195 million of previously sold receivables were still outstanding. No receivables were factored during the nine months ended June 30, 2021. Accounts receivable, net consisted of the following (in millions):
|  | June 30, 2022 |  | September 30, 2021 |  |
Accounts receivable |  | $ | 5,922 |  |  | $ | 5,723 |  |  |
Less: Allowance for expected credit losses |  | (72) |  |  | (110) |  |  |
Accounts receivable, net |  | $ | 5,850 |  |  | $ | 5,613 |  |  |
The changes in the allowance for expected credit losses related to accounts receivable were as follows (in millions):
| Nine Months Ended June 30, |  |  |  |
| 2022 |  | 2021 |  |  |  |
Balance at beginning of period | $ | 110 |  |  | $ | 173 |  |  |  |  |
Provision (benefit) for expected credit losses | (3) |  |  | — |  |  |  |  |
Write-offs charged against the allowance for expected credit losses | (30) |  |  | (50) |  |  |  |  |
Other | (5) |  |  | 7 |  |  |  |  |
Balance at end of period | $ | 72 |  |  | $ | 130 |  |  |  |  |

X
- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI http://asc.fasb.org/topic&trid=82887179 + Details
Name: | us-gaap_AccountsAndNontradeReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration