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Shareholders' Equity (Tables) | 12 Months Ended
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Sep. 30, 2022
Stockholders' Equity Note [Abstract] |
Changes in Certain Components of Shareholders' Equity | Changes in certain components of shareholders’ equity were as follows:
| Common Stock Issued at Par Value |  | Capital in Excess of Par Value |  | Retained Earnings |  | Deferred Compensation |  | Treasury Stock
(Millions of dollars) | Shares (in thousands) |  | Amount
Balance at September 30, 2019 | $ | 347 |  |  | $ | 16,270 |  |  | $ | 12,913 |  |  | $ | 23 |  |  | (76,260) |  |  | $ | (6,190) |
Net income | — |  |  | — |  |  | 874 |  |  | — |  |  | — |  |  | — |
Cash dividends: |  |  |  |  |  |  |  |  |  |  |
Common ($3.16 per share) | — |  |  | — |  |  | (888) |  |  | — |  |  | — |  |  | — |
Preferred | — |  |  | — |  |  | (107) |  |  | — |  |  | — |  |  | — |
Common stock issued for: |  |  |  |  |  |  |  |  |  |  |
Preferred shares converted to common shares | 12 |  |  | (9) |  |  | — |  |  | — |  |  | — |  |  | — |
Public equity offerings | 6 |  |  | 2,909 |  |  | — |  |  | — |  |  | — |  |  | — |
Share-based compensation and other plans, net | — |  |  | (143) |  |  | — |  |  | — |  |  | 1,597 |  |  | 52 |
Share-based compensation | — |  |  | 244 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 41 |  |  | — |
Balance at September 30, 2020 | $ | 365 |  |  | $ | 19,270 |  |  | $ | 12,791 |  |  | $ | 23 |  |  | (74,623) |  |  | $ | (6,138) |
Net income | — |  |  | — |  |  | 2,092 |  |  | — |  |  | — |  |  | — |
Cash dividends: |  |  |  |  |  |  |  |  |  |  |
Common ($3.32 per share) | — |  |  | — |  |  | (958) |  |  | — |  |  | — |  |  | — |
Preferred | — |  |  | — |  |  | (90) |  |  | — |  |  | — |  |  | — |
Common stock issued for share-based compensation and other plans, net | — |  |  | (85) |  |  | — |  |  | — |  |  | 1,068 |  |  | 15 |
Share-based compensation | — |  |  | 237 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 33 |  |  | — |
Repurchase of common stock | — |  |  | (150) |  |  | — |  |  | — |  |  | (6,643) |  |  | (1,600) |
Effect of change in accounting principle (see Note 3) | — |  |  | — |  |  | (9) |  |  | — |  |  | — |  |  | — |
Balance at September 30, 2021 | $ | 365 |  |  | $ | 19,272 |  |  | $ | 13,826 |  |  | $ | 23 |  |  | (80,164) |  |  | $ | (7,723) |
Net income | — |  |  | — |  |  | 1,779 |  |  | — |  |  | — |  |  | — |
Cash dividends: |  |  |  |  |  |  |  |  |  |  |
Common ($3.48 per share) | — |  |  | — |  |  | (992) |  |  | — |  |  | — |  |  | — |
Preferred | — |  |  | — |  |  | (90) |  |  | — |  |  | — |  |  | — |
Common stock issued for share-based compensation and other plans, net | — |  |  | (108) |  |  | (1) |  |  | — |  |  | 1,271 |  |  | 44 |
Share-based compensation | — |  |  | 239 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 25 |  |  | — |
Repurchase of common stock | — |  |  | 150 |  |  | — |  |  | — |  |  | (2,415) |  |  | (650) |
Spin-off of Embecta (See Note 2) | — |  |  | — |  |  | 634 |  |  | — |  |  | — |  |  | — |
Balance at September 30, 2022 | $ | 365 |  |  | $ | 19,553 |  |  | $ | 15,157 |  |  | $ | 23 |  |  | (81,283) |  |  | $ | (8,330) |
(a)Common stock held in trusts consists of the Company’s shares held in rabbi trusts in connection with deferred compensation under the Company’s employee salary and bonus deferral plan and directors’ deferral plan.
Accumulated Other Comprehensive (Loss) Income | The components and changes of Accumulated other comprehensive income (loss) were as follows:
(Millions of dollars) | Total |  | Foreign Currency Translation |  | Benefit Plans |  | Cash Flow Hedges
Balance at September 30, 2019 | $ | (2,283) |  |  | $ | (1,256) |  |  | $ | (1,005) |  |  | $ | (23) |
Other comprehensive loss before reclassifications, net of taxes | (338) |  |  | (161) |  |  | (101) |  |  | (76) |
Amounts reclassified into income, net of taxes | 74 |  |  | — |  |  | 66 |  |  | 8 |
Balance at September 30, 2020 | $ | (2,548) |  |  | $ | (1,416) |  |  | $ | (1,040) |  |  | $ | (91) |
Other comprehensive income before reclassifications, net of taxes | 383 |  |  | 124 |  |  | 187 |  |  | 72 |
Amounts reclassified into income, net of taxes | 77 |  |  | — |  |  | 68 |  |  | 9 |
Balance at September 30, 2021 | $ | (2,088) |  |  | $ | (1,292) |  |  | $ | (784) |  |  | $ | (10) |
Other comprehensive income before reclassifications, net of taxes | 306 |  |  | 54 |  |  | 169 |  |  | 83 |
Amounts reclassified into income, net of taxes | 43 |  |  | — |  |  | 41 |  |  | 2 |
Spin-off of Embecta (See Note 2) | 251 |  |  | 251 |  |  | — |  |  | — |
Balance at September 30, 2022 | $ | (1,488) |  |  | $ | (987) |  |  | $ | (574) |  |  | $ | 75 |
Other Comprehensive Income (Loss), Tax | The tax impacts for amounts recognized in other comprehensive income before reclassifications were as follows:
(Millions of dollars) | 2022 |  | 2021 |  | 2020
Benefit Plans |  |  |  |  |
Income tax (provision) benefit for net gains (losses) recorded in other comprehensive income | $ | (47) |  |  | $ | (42) |  |  | $ | 30 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 + Details
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