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Pension and Postretirement Plans | 6 Months Ended
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Mar. 31, 2024
Retirement Benefits [Abstract] |
Pension and Postretirement Plans | PENSION AND RETIREMENT PLANS The components of the Company’s net periodic benefit cost (credit) associated with its defined benefit pension and postretirement plans, which are primarily recorded in selling, general and administrative expenses in the consolidated statements of income, are shown in the tables below in accordance with ASC 715, "Compensation – Retirement Benefits" (in millions):
| U.S. Pension Plans
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost | $ | 19 |  |  | $ | 20 |  |  | $ | 39 |  |  | $ | 41 |
Expected return on plan assets | (30) |  |  | (33) |  |  | (60) |  |  | (67) |
Net actuarial loss | — |  |  | 15 |  |  | — |  |  | 23 |
Settlement loss | — |  |  | 1 |  |  | — |  |  | 1 |
Net periodic benefit cost (credit) | $ | (11) |  |  | $ | 3 |  |  | $ | (21) |  |  | $ | (2) |
| Non-U.S. Pension Plans
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Service cost | $ | 4 |  |  | $ | 4 |  |  | $ | 8 |  |  | $ | 7 |
Interest cost | 17 |  |  | 17 |  |  | 34 |  |  | 33 |
Expected return on plan assets | (18) |  |  | (19) |  |  | (36) |  |  | (37) |
Net periodic benefit cost | $ | 3 |  |  | $ | 2 |  |  | $ | 6 |  |  | $ | 3 |
| Postretirement Benefits
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |
Expected return on plan assets | (2) |  |  | (2) |  |  | (4) |  |  | (4) |
Amortization of prior service credit | (2) |  |  | (1) |  |  | (3) |  |  | (2) |
Net periodic benefit credit | $ | (3) |  |  | $ | (2) |  |  | $ | (5) |  |  | $ | (4) |
During the three and six months ended March 31, 2023, the amount of cumulative fiscal 2023 lump sum payouts triggered a remeasurement event for certain U.S. pension plans resulting in the recognition of net actuarial losses of $15 million and $23 million, respectively, primarily due to decreases in discount rates, partially offset by favorable plan asset performance.

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