XML 44 R34.htm IDEA: XBRL DOCUMENT v3.24.2

Revenue Recognition (Tables)

9 Months Ended

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

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

+ Details

Name:	us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration