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Spin-Off of Embecta Corp. (Tables) | 12 Months Ended
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Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Assets and Liabilities of Discontinued Operations | Details of Income from Discontinued Operations, Net of Tax are as follows:
Millions of dollars | 2022 |  | 2021 |  | 2020
Revenues | $ | 538 |  |  | $ | 1,117 |  |  | $ | 1,043 |
Cost of products sold | 143 |  |  | 320 |  |  | 264 |
Selling and administrative expense | 78 |  |  | 148 |  |  | 141 |
Research and development expense | 32 |  |  | 59 |  |  | 57 |
Acquisition-related integration and restructuring expense | — |  |  | 6 |  |  | 10 |
Other operating expense, net | 95 |  |  | 35 |  |  | — |
Total Operating Costs and Expenses | 348 |  |  | 569 |  |  | 472 |
Operating Income | 190 |  |  | 549 |  |  | 571 |
Interest expense | (4) |  |  | — |  |  | — |
Other income, net | — |  |  | 2 |  |  | — |
Income from Discontinued Operations Before Income Taxes | 186 |  |  | 550 |  |  | 571 |
Income tax provision | 42 |  |  | 62 |  |  | 50 |
Income from Discontinued Operations, Net of Tax | $ | 144 |  |  | $ | 488 |  |  | $ | 522 |
The following amounts associated with the Diabetes Care business are classified as assets and liabilities of discontinued operations in the Company’s consolidated balance sheet at September 30, 2021:
Millions of dollars | 2021
Assets |
Trade receivables, net | $ | 147 |
Inventories | 123 |
Prepaid expenses and other | 23 |
Current Assets of Discontinued Operations | 293 |
Property, Plant and Equipment, Net | 390 |
Goodwill and Other Intangibles, Net | 27 |
Other Assets | 6 |
Noncurrent Assets of Discontinued Operations | $ | 423 |
Liabilities |
Accounts payable | $ | 54 |
Accrued expenses | 75 |
Salaries, wages and related items | 28 |
Current Liabilities of Discontinued Operations | 157 |
Deferred Income Taxes and Other Liabilities | 16 |
Noncurrent Liabilities of Discontinued Operations | $ | 17 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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