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Revenue Recognition (Tables)
12 Months Ended
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,
20242023
Products & SystemsServicesTotalProducts & SystemsServicesTotal
Building Solutions North America$7,099 $4,249 $11,348 $6,368 $3,962 $10,330 
Building Solutions EMEA/LA2,314 1,982 4,296 2,275 1,821 4,096 
Building Solutions Asia Pacific1,483 754 2,237 1,987 759 2,746 
Global Products5,071 — 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,
20242023
HVAC$2,280 $2,358 
Fire & Security2,370 2,446 
Industrial Refrigeration421 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 balances20242023
Contract assets - currentAccounts receivable - net$1,931 $2,339 
Contract assets - noncurrentOther noncurrent assets11 12 
Contract liabilities - currentDeferred revenue2,160 1,923 
Contract liabilities - noncurrentOther noncurrent liabilities252 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,
20242023
Other current assets$265 $156 
Other noncurrent assets291 224 
Total$556 $380