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Fair Value Measurements (Tables)
 9 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value
The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value (in millions):
 Fair Value Measurements Using:
 Total as of
June 30, 2024		Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$13 $— $13 $— 
       Commodity derivatives3 — 3 — 
Other noncurrent assets
Cross-currency interest rate swap13 — 13 — 
Deferred compensation plan assets53 53 — — 
Exchange traded funds (fixed income)(1)
80 80 — — 
Exchange traded funds (equity)(1)
191 191 — — 
Total assets$353 $324 $29 $— 
Other current liabilities
Foreign currency exchange derivatives$10 $— $10 $— 
Commodity derivatives1 — 1 — 
Contingent earn-out liabilities15 — — 15 
Other noncurrent liabilities
Contingent earn-out liabilities20 — — 20 
Total liabilities$46 $— $11 $35 

(1) Classified as restricted investments for payment of asbestos liabilities. See Note 21, "Commitments and Contingencies," of the notes to the consolidated financial statements for further details.
 Fair Value Measurements Using:
 Total as of September 30, 2023Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$29 $— $29 $— 
Interest rate swaps
22 — 22 — 
Other noncurrent assets
Cross-currency interest rate swap5 — 5 — 
Deferred compensation plan assets45 45 — — 
Exchange traded funds (fixed income)(1)
76 76 — — 
Exchange traded funds (equity)(1)
155 155 — — 
Total assets$332 $276 $56 $— 
Other current liabilities
Foreign currency exchange derivatives$25 $— $25 $— 
Commodity derivatives2 — 2 — 
Contingent earn-out liabilities48 — — 48 
Other noncurrent liabilities
Contingent earn-out liabilities76 — — 76 
Total liabilities$151 $— $27 $124 

(1) Classified as restricted investments for payment of asbestos liabilities. See Note 21, "Commitments and Contingencies," of the notes to the consolidated financial statements for further details.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes changes in contingent earn-out liabilities, which are valued using significant unobservable inputs (Level 3) (in millions):

Balance at September 30, 2023
$124 
Payments(20)
Reduction for change in estimates(69)
Balance at June 30, 2024
$35 
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the portion of unrealized gains recognized in the consolidated statements of income that relate to equity securities still held at June 30, 2024 and 2023 (in millions):

Three Months Ended June 30,Nine Months Ended June 30,
2024202320242023
 Deferred compensation plan assets$— $1 $7 $6 
 Investments in exchange traded funds4 11 43 34 
Fair Value of Long-Term Debt
The fair value of long-term debt at June 30, 2024 and September 30, 2023 was as follows (in billions):
June 30,September 30,
20242023
Public debt$8.1 $7.1 
Other long-term debt0.2 0.4 
Total fair value of long-term debt$8.3 $7.5