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Assets and Liabilities Held for Sale and Discontinued Operations (Tables) | 6 Months Ended
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Mar. 31, 2025
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 March 31, | Six Months Ended March 31, |
|  | 2025 |  | 2024 | 2025 |  | 2024 |
Net sales |  | $ | 1,069 |  |  | $ | 1,102 |  | $ | 2,035 |  |  | $ | 1,987 |  |
Cost of goods sold |  | 841 |  |  | 843 |  | 1,572 |  |  | 1,514 |  |
Gross profit |  | 228 |  |  | 259 |  | 463 |  |  | 473 |  |
Selling, general and administrative expenses |  | 189 |  |  | 187 |  | 372 |  |  | 367 |  |
Restructuring and impairment costs |  | 5 |  |  | 15 |  | 9 |  |  | 19 |  |
Net financing charges |  | 2 |  |  | 4 |  | 1 |  |  | 15 |  |
Equity income |  | 69 |  |  | 57 |  | 134 |  |  | 121 |  |
Income from discontinued operations before income taxes |  | 101 |  |  | 110 |  | 215 |  |  | 193 |  |
Provision for income taxes on discontinued operations |  | 50 |  |  | 26 |  | 74 |  |  | 45 |  |
Income from discontinued operations, net of tax |  | 51 |  |  | 84 |  | 141 |  |  | 148 |  |
Income from discontinued operations attributable to noncontrolling interest, net of tax |  | 46 |  |  | 40 |  | 80 |  |  | 70 |  |
Income from discontinued operations |  | $ | 5 |  |  | $ | 44 |  | $ | 61 |  |  | $ | 78 |  |
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):
|  | March 31, 2025 |  | September 30, 2024
Cash |  | $ | 4 |  |  | $ | 5 |
Accounts receivable - net |  | 613 |  |  | 592 |
Inventories |  | 1,080 |  |  | 876 |
Other current assets |  | 159 |  |  | 122 |
Current assets held for sale |  | 1,856 |  |  | 1,595 |
Property, plant and equipment - net |  | 760 |  |  | 793 |
Goodwill |  | 1,149 |  |  | 1,182 |
Other intangible assets - net |  | 96 |  |  | 96 |
Investments in partially-owned affiliates |  | 910 |  |  | 949 |
Other noncurrent assets |  | 186 |  |  | 190 |
Noncurrent assets held for sale |  | 3,101 |  |  | 3,210 |
Total assets classified as held for sale |  | $ | 4,957 |  |  | $ | 4,805 |
Accounts payable |  | $ | 980 |  |  | $ | 917 |
Accrued compensation and benefits |  | 78 |  |  | 113 |
Deferred revenue |  | 206 |  |  | 84 |
Other current liabilities |  | 280 |  |  | 317 |
Current liabilities held for sale |  | 1,544 |  |  | 1,431 |
Pension and postretirement benefit obligations |  | 27 |  |  | 28 |
Other noncurrent liabilities |  | 402 |  |  | 377 |
Noncurrent liabilities held for sale |  | 429 |  |  | 405 |
Total liabilities classified as held for sale |  | $ | 1,973 |  |  | $ | 1,836 |

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
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