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Assets and Liabilities Held for Sale and Discontinued Operations (Tables)
 3 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the results of the R&LC HVAC business which are reported as discontinued operations (in millions):
Three Months Ended December 31,
20242023
Net sales$966 $885 
Cost of goods sold731 671 
Gross profit235 214 
Selling, general and administrative expenses183 180 
Restructuring and impairment costs4 4 
Net financing charges(1)11 
Equity income65 64 
Income from discontinued operations before income taxes114 83 
Provision for income taxes on discontinued operations24 19 
Income from discontinued operations, net of tax90 64 
Income from discontinued operations attributable to noncontrolling interest, net of tax34 30 
Income from discontinued operations$56 $34 
Summary of Assets and Liabilities Held for Sale
The following table summarizes the assets and liabilities of the R&LC HVAC business which were classified as held for sale (in millions):

December 31, 2024September 30, 2024
Cash$2 $5 
Accounts receivable - net539 592 
Inventories979 876 
Other current assets138 122 
Current assets held for sale1,658 1,595 
Property, plant and equipment - net743 793 
Goodwill1,130 1,182 
Other intangible assets - net94 96 
Investments in partially-owned affiliates833 949 
Other noncurrent assets186 190 
Noncurrent assets held for sale2,986 3,210 
Total assets classified as held for sale$4,644 $4,805 
Accounts payable$887 $917 
Accrued compensation and benefits99 113 
Deferred revenue112 84 
Other current liabilities 224 317 
Current liabilities held for sale1,322 1,431 
Pension and postretirement benefit obligations25 28 
Other noncurrent liabilities382 377 
Noncurrent liabilities held for sale407 405 
Total liabilities classified as held for sale$1,729 $1,836