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Shareholders' Equity (Tables) | 12 Months Ended
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Sep. 30, 2023
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, 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) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee 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) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee 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) |
Net income | — |  |  | — |  |  | 1,484 |  |  | — |  |  | — |  |  | — |
Cash dividends: |  |  |  |  |  |  |  |  |  |  |
Common ($3.64 per share) | — |  |  | — |  |  | (1,046) |  |  | — |  |  | — |  |  | — |
Preferred | — |  |  | — |  |  | (60) |  |  | — |  |  | — |  |  | — |
Issuance of shares for preferred shares converted to common shares (b) | 6 |  |  | (4) |  |  | — |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (88) |  |  | — |  |  | 1 |  |  | 1,056 |  |  | 24 |
Share-based compensation | — |  |  | 259 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 24 |  |  | — |
Balance at September 30, 2023 | $ | 371 |  |  | $ | 19,720 |  |  | $ | 15,535 |  |  | $ | 24 |  |  | (80,203) |  |  | $ | (8,305) |
(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. (b)Represents the conversion, in accordance with their terms, of 1.500 million mandatory convertible preferred shares that were issued in May 2020 were converted into 5.955 million shares of BD common stock on the mandatory conversion date of June 1, 2023.
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, 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 (loss) income before reclassifications, net of taxes | (106) |  |  | (91) |  |  | (37) |  |  | 21 |
Amounts reclassified into income, net of taxes | 46 |  |  | — |  |  | 41 |  |  | 6 |
Balance at September 30, 2023 | $ | (1,548) |  |  | $ | (1,078) |  |  | $ | (571) |  |  | $ | 103 |
Other Comprehensive Income (Loss), Tax | The tax impacts for amounts recognized in other comprehensive income before reclassifications were as follows:
(Millions of dollars) | 2023 |  | 2022 |  | 2021
Benefit Plans |  |  |  |  |
Income tax benefit (provision) for net (losses) gains recorded in other comprehensive income | $ | 15 |  |  | $ | (47) |  |  | $ | (42) |

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