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Revenue Recognition (Tables) | 12 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents the Company's revenues disaggregated by segment and by products and systems versus services revenue (in millions):
|  | Year Ended September 30,
|  | 2024 |  | 2023
|  | Products & Systems |  | Services |  | Total |  | Products & Systems |  | Services |  | Total
Building Solutions North America |  | $ | 7,099 |  |  | $ | 4,249 |  |  | $ | 11,348 |  |  | $ | 6,368 |  |  | $ | 3,962 |  |  | $ | 10,330 |
Building Solutions EMEA/LA |  | 2,314 |  |  | 1,982 |  |  | 4,296 |  |  | 2,275 |  |  | 1,821 |  |  | 4,096 |
Building Solutions Asia Pacific |  | 1,483 |  |  | 754 |  |  | 2,237 |  |  | 1,987 |  |  | 759 |  |  | 2,746 |
Global Products |  | 5,071 |  |  | — |  |  | 5,071 |  |  | 5,159 |  |  | — |  |  | 5,159 |
Total |  | $ | 15,967 |  |  | $ | 6,985 |  |  | $ | 22,952 |  |  | $ | 15,789 |  |  | $ | 6,542 |  |  | $ | 22,331 |
The following table presents further disaggregation of Global Products revenues by product type (in millions):
|  | Year Ended September 30,
|  | 2024 |  | 2023
HVAC |  | $ | 2,280 |  |  | $ | 2,358 |
Fire & Security |  | 2,370 |  |  | 2,446 |
Industrial Refrigeration |  | 421 |  |  | 355 |
Total |  | $ | 5,071 |  |  | $ | 5,159 |
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):
|  |  |  | September 30, |  |
|  | Location of contract balances |  | 2024 |  | 2023 |  |
Contract assets - current |  | Accounts receivable - net |  | $ | 1,931 |  |  | $ | 2,339 |  |  |
Contract assets - noncurrent |  | Other noncurrent assets |  | 11 |  |  | 12 |  |  |
Contract liabilities - current |  | Deferred revenue |  | 2,160 |  |  | 1,923 |  |  |
Contract liabilities - noncurrent |  | Other noncurrent liabilities |  | 252 |  |  | 225 |  |  |
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):
|  | September 30, |  |
|  | 2024 |  | 2023 |  |
Other current assets |  | $ | 265 |  |  | $ | 156 |  |  |
Other noncurrent assets |  | 291 |  |  | 224 |  |  |
Total |  | $ | 556 |  |  | $ | 380 |  |  |

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- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479483/340-40-50-3 + Details
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- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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