XML 40 R31.htm IDEA: XBRL DOCUMENT v3.23.1

Revenue Recognition (Tables)

6 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables present the Company's revenues disaggregated by segment and by Products & Systems and Services revenue (in millions):

						Three Months Ended March 31,
						2023																		2022
						Products & Systems						Services						Total						Products & Systems						Services						Total
Building Solutions North America						$	1,554					$	966					$	2,520					$	1,343					$	884					$	2,227
Building Solutions EMEA/LA						582						449						1,031						536						422						958
Building Solutions Asia Pacific						479						188						667						448						175						623
Global Products						2,468						—						2,468						2,290						—						2,290
Total						$	5,083					$	1,603					$	6,686					$	4,617					$	1,481					$	6,098

						Six Months Ended March 31,
						2023																		2022
						Products & Systems						Services						Total						Products & Systems						Services						Total
Building Solutions North America						$	3,005					$	1,882					$	4,887					$	2,642					$	1,737					$	4,379
Building Solutions EMEA/LA						1,134						872						2,006						1,080						837						1,917
Building Solutions Asia Pacific						952						361						1,313						949						349						1,298
Global Products						4,548						—						4,548						4,366						—						4,366
Total						$	9,639					$	3,115					$	12,754					$	9,037					$	2,923					$	11,960

The following table presents further disaggregation of Global Products segment revenues by product type (in millions):

						Three Months Ended March 31,												Six Months Ended March 31,
						2023						2022						2023						2022
HVAC						$	1,757					$	1,658					$	3,197					$	3,141
Fire & Security						623						578						1,193						1,122
Industrial Refrigeration						88						54						158						103
Total						$	2,468					$	2,290					$	4,548					$	4,366

Contract with Customer, Asset and Liability

The following table presents the location and amount of contract balances in the Company's consolidated statements of financial position (in millions):

						Location of contract balances						March 31, 2023						September 30, 2022
Contract assets - current						Accounts receivable - net						$	2,026					$	2,020
Contract assets - noncurrent						Other noncurrent assets						81						79
Contract liabilities - current						Deferred revenue						1,939						1,768
Contract liabilities - noncurrent						Other noncurrent liabilities						292						282

Capitalized Contract Cost

The following table presents the location and amount of costs to obtain or fulfill a contract recorded in the Company's consolidated statements of financial position (in millions):

						March 31, 2023						September 30, 2022
Other current assets						$	154					$	139
Other noncurrent assets						200						174
Total						$	354					$	313

X

- Definition

Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 340
-SubTopic 40
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126905575&loc=SL49131252-203054

+ Details

Name:	us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration