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Pension and Postretirement Plans (Tables)

9 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of the Company’s net periodic benefit cost (credit) 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 June 30,												Nine Months Ended June 30,
			2023						2022						2023						2022
Interest cost			$	21					$	17					$	62					$	38
Expected return on plan assets			(34)						(37)						(101)						(119)
Net actuarial loss (gain)			(6)						106						17						124
Settlement loss			—						2						1						3
Net periodic benefit cost (credit)			$	(19)					$	88					$	(21)					$	46

			Non-U.S. Pension Plans
			Three Months Ended June 30,												Nine Months Ended June 30,
			2023						2022						2023						2022
Service cost			$	4					$	5					$	11					$	16
Interest cost			18						10						51						30
Expected return on plan assets			(20)						(20)						(57)						(62)
Net actuarial gain			—						(19)						—						(20)
Settlement loss (gain)			—						(1)						—						7
Net periodic benefit cost (credit)			$	2					$	(25)					$	5					$	(29)

			Postretirement Benefits
			Three Months Ended June 30,												Nine Months Ended June 30,
			2023						2022						2023						2022
Interest cost			$	1					$	—					$	3					$	1
Expected return on plan assets			(3)						(3)						(7)						(7)
Amortization of prior service credit			(1)						(1)						(3)						(3)
Net periodic benefit credit			$	(3)					$	(4)					$	(7)					$	(9)

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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