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Financial Instruments and Fair Value Measurements (Tables) | 12 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Cash and Cash Equivalents | The following reconciles cash and equivalents and restricted cash reported within the Company's consolidated balance sheets at September 30, 2022 and 2021 to the total of these amounts shown on the Company's consolidated statements of cash flows:
(Millions of dollars) | 2022 |  | 2021
Cash and equivalents | $ | 1,006 |  |  | $ | 2,283 |
Restricted cash | 153 |  |  | 109 |
Cash and equivalents and restricted cash | $ | 1,159 |  |  | $ | 2,392 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The fair values of the Company’s financial instruments are as follows:
(Millions of dollars) | Basis of fair value measurement (See Note 1) |  | 2022 |  | 2021
Institutional money market accounts and ultra-short bond fund (a) | Level 1 |  | $ | 1 |  |  | $ | 200 |
Current portion of long-term debt (b) | Level 2 |  | 1,927 |  |  | 503 |
Long-term debt (b) | Level 2 |  | 12,119 |  |  | 18,537 |
(a)These financial instruments are recorded within Cash and equivalents on the consolidated balance sheets. The institutional money market accounts permit daily redemption. (b)Long-term debt is recorded at amortized cost. The fair value of long-term debt is measured based upon quoted prices in active markets for similar instruments
Transfer of Financial Assets Accounted for as Sales | The amounts transferred and yet to be remitted under factoring arrangements are provided below.
(Millions of dollars) | 2022 |  | 2021 |  | 2020
Trade receivables transferred to third parties under factoring arrangements | $ | 1,215 |  |  | $ | 1,189 |  |  | $ | 1,941 |
(Millions of dollars) | 2022 |  | 2021 |  |
Amounts yet to be collected and remitted to the third parties | 323 |  |  | 118 |  |  |

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- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 + Details
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