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Pension and Postretirement Plans | 9 Months Ended
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Jun. 30, 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 June 30, |  | Nine Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost | $ | 20 |  |  | $ | 21 |  |  | $ | 59 |  |  | $ | 62 |
Expected return on plan assets | (30) |  |  | (34) |  |  | (90) |  |  | (101) |
Net actuarial loss (gain) | — |  |  | (6) |  |  | — |  |  | 17 |
Settlement loss | — |  |  | — |  |  | — |  |  | 1 |
Net periodic benefit credit | $ | (10) |  |  | $ | (19) |  |  | $ | (31) |  |  | $ | (21) |
| Non-U.S. Pension Plans
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Service cost | $ | 4 |  |  | $ | 4 |  |  | $ | 12 |  |  | $ | 11 |
Interest cost | 17 |  |  | 18 |  |  | 51 |  |  | 51 |
Expected return on plan assets | (18) |  |  | (20) |  |  | (54) |  |  | (57) |
Net periodic benefit cost | $ | 3 |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | 5 |
| Postretirement Benefits
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost | $ | 1 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 3 |
Expected return on plan assets | (3) |  |  | (3) |  |  | (7) |  |  | (7) |
Amortization of prior service credit | (1) |  |  | (1) |  |  | (4) |  |  | (3) |
Net periodic benefit credit | $ | (3) |  |  | $ | (3) |  |  | $ | (8) |  |  | $ | (7) |
Cumulative fiscal 2023 lump sum payouts triggered remeasurement events for certain pension plans in each quarter of fiscal 2023. During the three months ended June 30, 2023, the Company recognized net actuarial gains of $6 million, primarily due to increases in discount rates, partially offset by unfavorable asset performance. During the nine months ended June 30, 2023, the Company recognized net actuarial losses of $17 million, primarily due to net decreases in discount rates, partially offset by net favorable plan asset performance.

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