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Revenue Recognition (Tables) | 3 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables present the Company's revenues disaggregated by segment and by Products & Systems and Services revenue (in millions):
|  | Three Months Ended December 31,
|  | 2023 |  | 2022
|  | Products & Systems |  | Services |  | Total |  | Products & Systems |  | Services |  | Total
Building Solutions North America |  | $ | 1,518 |  |  | $ | 969 |  |  | $ | 2,487 |  |  | $ | 1,451 |  |  | $ | 916 |  |  | $ | 2,367 |
Building Solutions EMEA/LA |  | 572 |  |  | 466 |  |  | 1,038 |  |  | 552 |  |  | 423 |  |  | 975 |
Building Solutions Asia Pacific |  | 337 |  |  | 170 |  |  | 507 |  |  | 473 |  |  | 173 |  |  | 646 |
Global Products |  | 2,062 |  |  | — |  |  | 2,062 |  |  | 2,080 |  |  | — |  |  | 2,080 |
Total |  | $ | 4,489 |  |  | $ | 1,605 |  |  | $ | 6,094 |  |  | $ | 4,556 |  |  | $ | 1,512 |  |  | $ | 6,068 |
The following table presents further disaggregation of Global Products segment revenues by product type (in millions):
|  | Three Months Ended December 31, |  |
|  | 2023 |  | 2022 |  |  |  |
HVAC |  | $ | 1,418 |  |  | $ | 1,440 |  |  |  |  |
Fire & Security |  | 547 |  |  | 570 |  |  |  |  |
Industrial Refrigeration |  | 97 |  |  | 70 |  |  |  |  |
Total |  | $ | 2,062 |  |  | $ | 2,080 |  |  |  |  |
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):
|  | Location of contract balances |  | December 31, 2023 |  | September 30, 2023 |  |
Contract assets - current |  | Accounts receivable - net |  | $ | 2,170 |  |  | $ | 2,370 |  |  |
Contract assets - noncurrent |  | Other noncurrent assets |  | 4 |  |  | 12 |  |  |
Contract liabilities - current |  | Deferred revenue |  | 2,122 |  |  | 1,996 |  |  |
Contract liabilities - noncurrent |  | Other noncurrent liabilities |  | 306 |  |  | 297 |  |  |
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):
|  | December 31, 2023 |  | September 30, 2023 |  |
Other current assets |  | $ | 183 |  |  | $ | 156 |  |  |
Other noncurrent assets |  | 215 |  |  | 224 |  |  |
Total |  | $ | 398 |  |  | $ | 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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