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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding Commodity Hedge Contracts
The Company had the following outstanding contracts to hedge forecasted commodity purchases (in metric tons):
 Volume Outstanding as of September 30,
Commodity20242023
Copper2,676 2,812 
Aluminum2,450 5,976 
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table summarizes net investment hedges (in billions):
September 30,
20242023
Euro-denominated bonds designated as net investment hedges in Europe€2.9 €2.9 
Yen-denominated debt designated as a net investment hedge in Japan¥30 ¥30 
US dollar vs. Yen cross-currency interest rate swap designated as a net investment hedge in Japan— ¥14 
Location and Fair Values of Derivative Instruments and Hedging Activities
The following table presents the location and fair values of derivative instruments and hedging activities included in the Company’s consolidated statements of financial position (in millions):
 Designated 
as Hedging Instruments		Not Designated
as Hedging Instruments
 September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Other current assets
Foreign currency exchange derivatives$19 $16 $1 $13 
Commodity derivatives2 — — — 
Interest rate swaps— 22 — — 
Other noncurrent assets
Cross-currency interest rate swap— 5 — — 
Total assets$21 $43 $1 $13 
Other current liabilities
Foreign currency exchange derivatives$24 $20 $1 $5 
Commodity derivatives1 2 — — 
Long-term debt
Foreign currency denominated debt3,424 3,253 — — 
Total liabilities$3,449 $3,275 $1 $5 
Derivative Assets and Liabilities, Eligible for Offsetting
The gross and net amounts of derivative assets and liabilities were as follows (in millions):
 Fair Value of AssetsFair Value of Liabilities
 September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Gross amount recognized$22 $56 $3,450 $3,280 
Gross amount eligible for offsetting(12)(19)(12)(19)
Net amount$10 $37 $3,438 $3,261 
Location and Amount of Gains and Losses Gross of Tax on Derivative Instruments and Related Hedge Items
The following table presents the pre-tax gains (losses) recorded in other comprehensive income (loss) related to cash flow hedges (in millions):
Derivatives in Cash Flow Hedging RelationshipsYear Ended September 30,
202420232022
Foreign currency exchange derivatives$(1)$(13)$26 
Commodity derivatives5 1 (21)
Interest rate swaps(21)27 16 
Total$(17)$15 $21 

The following table presents the location and amount of the pre-tax gains (losses) on cash flow hedges reclassified from AOCI into the Company’s consolidated statements of income (in millions):
Derivatives in Cash Flow
Hedging Relationships		Location of Gain (Loss)
Reclassified from
AOCI into Income		Year Ended September 30,
202420232022
Foreign currency exchange derivativesCost of sales$1 $(4)$25 
Commodity derivativesCost of sales— (8)(7)
Interest rate swapsNet financing charges— — (2)
Total$1 $(12)$16 
The following table presents the location and amount of pre-tax gains (losses) on derivatives not designated as hedging instruments recognized in the Company’s consolidated statements of income (in millions):
Derivatives Not Designated
as Hedging Instruments		Location of Gain (Loss)
Recognized in Income on Derivative		Year Ended September 30,
202420232022
Foreign currency exchange derivativesCost of sales$(5)$(16)$10 
Foreign currency exchange derivativesNet financing charges43 (103)85 
Foreign currency exchange derivativesSelling, general and administrative(1)— — 
Interest rate swapsNet financing charges— 1 — 
Equity swapSelling, general and administrative— — (5)
Total$37 $(118)$90 
Pre-Tax Gains (Losses) on Net Investment Hedges
The following table presents pre-tax gains (losses) on net investment hedges recorded as foreign currency translation adjustments ("CTA") within other comprehensive income (loss) (in millions):
Year Ended September 30,
202420232022
Net investment hedges$(173)$(223)$470