XML 53 R35.htm IDEA: XBRL DOCUMENT v3.24.3
Assets and Liabilities Held For Sale and Discontinued Operations (Tables)
12 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Summarized Results of Discontinued Operations
The following table summarizes the results of the R&LC HVAC business which are reported as discontinued operations (in millions):
Year Ended September 30,
202420232022
Net sales$4,466 $4,462 $4,662 
Cost of goods sold3,300 3,295 3,409 
Gross profit1,166 1,167 1,253 
Selling, general and administrative expenses761 794 867 
Restructuring and impairment costs34 15 20 
Net financing charges17 23 
Equity income276 262 240 
Income from discontinued operations before income taxes630 597 598 
Provision for income taxes on discontinued operations141 145 169 
Income from discontinued operations, net of tax489 452 429 
Income from discontinued operations attributable to noncontrolling interest, net of tax191 165 176 
Income from discontinued operations$298 $287 $253 
Summary of Assets and Liabilities Held for Sale
The following table summarizes the assets and liabilities of the R&LC HVAC business which were classified as held for sale (in millions):
September 30,
20242023
Cash$$
Accounts receivable - net592 512 
Inventories876 904 
Other current assets122 129 
Current assets held for sale1,595 1,552 
Property, plant and equipment - net793 762 
Goodwill1,182 1,164 
Other intangible assets - net96 116 
Investments in partially-owned affiliates949 905 
Other noncurrent assets190 158 
Noncurrent assets held for sale3,210 3,105 
Total assets classified as held for sale$4,805 $4,657 
Short-term debt$— $24 
Accounts payable917 770 
Accrued compensation and benefits113 111 
Deferred revenue84 73 
Other current liabilities 317 397 
Current liabilities held for sale1,431 1,375 
Pension and postretirement benefit obligations28 27 
Other noncurrent liabilities377 380 
Noncurrent liabilities held for sale405 407 
Total liabilities classified as held for sale$1,836 $1,782