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Revenue Recognition (Tables)

6 Months Ended

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

X

- 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

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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

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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

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