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Revenue Recognition (Tables) | 6 Months Ended
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Mar. 31, 2024
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 March 31,
|  | 2024 |  | 2023
|  | Products & Systems |  | Services |  | Total |  | Products & Systems |  | Services |  | Total
Building Solutions North America |  | $ | 1,700 |  |  | $ | 1,039 |  |  | $ | 2,739 |  |  | $ | 1,554 |  |  | $ | 966 |  |  | $ | 2,520 |
Building Solutions EMEA/LA |  | 572 |  |  | 492 |  |  | 1,064 |  |  | 582 |  |  | 449 |  |  | 1,031 |
Building Solutions Asia Pacific |  | 308 |  |  | 183 |  |  | 491 |  |  | 479 |  |  | 188 |  |  | 667 |
Global Products |  | 2,405 |  |  | — |  |  | 2,405 |  |  | 2,468 |  |  | — |  |  | 2,468 |
Total |  | $ | 4,985 |  |  | $ | 1,714 |  |  | $ | 6,699 |  |  | $ | 5,083 |  |  | $ | 1,603 |  |  | $ | 6,686 |
|  | Six Months Ended March 31,
|  | 2024 |  | 2023
|  | Products & Systems |  | Services |  | Total |  | Products & Systems |  | Services |  | Total
Building Solutions North America |  | $ | 3,218 |  |  | $ | 2,008 |  |  | $ | 5,226 |  |  | $ | 3,005 |  |  | $ | 1,882 |  |  | $ | 4,887 |
Building Solutions EMEA/LA |  | 1,144 |  |  | 958 |  |  | 2,102 |  |  | 1,134 |  |  | 872 |  |  | 2,006 |
Building Solutions Asia Pacific |  | 645 |  |  | 353 |  |  | 998 |  |  | 952 |  |  | 361 |  |  | 1,313 |
Global Products |  | 4,467 |  |  | — |  |  | 4,467 |  |  | 4,548 |  |  | — |  |  | 4,548 |
Total |  | $ | 9,474 |  |  | $ | 3,319 |  |  | $ | 12,793 |  |  | $ | 9,639 |  |  | $ | 3,115 |  |  | $ | 12,754 |
The following table presents further disaggregation of Global Products segment revenues by product type (in millions):
|  | Three Months Ended March 31, |  | Six Months Ended March 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
HVAC |  | $ | 1,683 |  |  | $ | 1,757 |  |  | $ | 3,101 |  |  | $ | 3,197 |
Fire & Security |  | 607 |  |  | 623 |  |  | 1,154 |  |  | 1,193 |
Industrial Refrigeration |  | 115 |  |  | 88 |  |  | 212 |  |  | 158 |
Total |  | $ | 2,405 |  |  | $ | 2,468 |  |  | $ | 4,467 |  |  | $ | 4,548 |
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 |  | March 31, 2024 |  | September 30, 2023 |  |
Contract assets - current |  | Accounts receivable - net |  | $ | 2,063 |  |  | $ | 2,370 |  |  |
Contract assets - noncurrent |  | Other noncurrent assets |  | 5 |  |  | 12 |  |  |
Contract liabilities - current |  | Deferred revenue |  | 2,331 |  |  | 1,996 |  |  |
Contract liabilities - noncurrent |  | Other noncurrent liabilities |  | 310 |  |  | 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):
|  | March 31, 2024 |  | September 30, 2023 |  |
Other current assets |  | $ | 204 |  |  | $ | 156 |  |  |
Other noncurrent assets |  | 263 |  |  | 224 |  |  |
Total |  | $ | 467 |  |  | $ | 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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