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Revenue Recognition (Tables) | 9 Months Ended
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Jun. 30, 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 June 30,
|  | 2024 |  | 2023
|  | Products & Systems |  | Services |  | Total |  | Products & Systems |  | Services |  | Total
Building Solutions North America |  | $ | 1,791 |  |  | $ | 1,108 |  |  | $ | 2,899 |  |  | $ | 1,636 |  |  | $ | 1,029 |  |  | $ | 2,665 |
Building Solutions EMEA/LA |  | 574 |  |  | 507 |  |  | 1,081 |  |  | 571 |  |  | 474 |  |  | 1,045 |
Building Solutions Asia Pacific |  | 381 |  |  | 194 |  |  | 575 |  |  | 537 |  |  | 199 |  |  | 736 |
Global Products |  | 2,676 |  |  | — |  |  | 2,676 |  |  | 2,687 |  |  | — |  |  | 2,687 |
Total |  | $ | 5,422 |  |  | $ | 1,809 |  |  | $ | 7,231 |  |  | $ | 5,431 |  |  | $ | 1,702 |  |  | $ | 7,133 |
|  | Nine Months Ended June 30,
|  | 2024 |  | 2023
|  | Products & Systems |  | Services |  | Total |  | Products & Systems |  | Services |  | Total
Building Solutions North America |  | $ | 5,009 |  |  | $ | 3,116 |  |  | $ | 8,125 |  |  | $ | 4,641 |  |  | $ | 2,911 |  |  | $ | 7,552 |
Building Solutions EMEA/LA |  | 1,718 |  |  | 1,465 |  |  | 3,183 |  |  | 1,705 |  |  | 1,346 |  |  | 3,051 |
Building Solutions Asia Pacific |  | 1,026 |  |  | 547 |  |  | 1,573 |  |  | 1,489 |  |  | 560 |  |  | 2,049 |
Global Products |  | 7,143 |  |  | — |  |  | 7,143 |  |  | 7,235 |  |  | — |  |  | 7,235 |
Total |  | $ | 14,896 |  |  | $ | 5,128 |  |  | $ | 20,024 |  |  | $ | 15,070 |  |  | $ | 4,817 |  |  | $ | 19,887 |
The following table presents further disaggregation of Global Products segment revenues by product type (in millions):
|  | Three Months Ended June 30, |  | Nine Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
HVAC |  | $ | 1,971 |  |  | $ | 1,973 |  |  | $ | 5,072 |  |  | $ | 5,170 |
Fire & Security |  | 601 |  |  | 626 |  |  | 1,755 |  |  | 1,819 |
Industrial Refrigeration |  | 104 |  |  | 88 |  |  | 316 |  |  | 246 |
Total |  | $ | 2,676 |  |  | $ | 2,687 |  |  | $ | 7,143 |  |  | $ | 7,235 |
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 |  | June 30, 2024 |  | September 30, 2023 |  |
Contract assets - current |  | Accounts receivable - net |  | $ | 1,961 |  |  | $ | 2,370 |  |  |
Contract assets - noncurrent |  | Other noncurrent assets |  | 9 |  |  | 12 |  |  |
Contract liabilities - current |  | Deferred revenue |  | 2,143 |  |  | 1,996 |  |  |
Contract liabilities - noncurrent |  | Other noncurrent liabilities |  | 314 |  |  | 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):
|  | June 30, 2024 |  | September 30, 2023 |  |
Other current assets |  | $ | 247 |  |  | $ | 156 |  |  |
Other noncurrent assets |  | 278 |  |  | 224 |  |  |
Total |  | $ | 525 |  |  | $ | 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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