XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.23.3

Debt (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Summary of Short-Term Debt | The carrying value of Current debt obligations, net of unamortized debt issuance costs, at September 30 consisted of:
(Millions of dollars) |  |  | 2023 |  | 2022
Commercial paper borrowings |  |  | $ | — |  |  | $ | 230 |
Current portion of long-term debt |  |  |  |  |
1.000% Notes due December 15, 2022 | (a) |  | — |  |  | 487 |
1.401% Notes due May 24, 2023 | (a) |  | — |  |  | 292 |
0.632% Notes due June 4, 2023 | (a) |  | — |  |  | 779 |
0.000% Notes due August 13, 2023 | (a) |  | — |  |  | 390 |
3.875% Notes due May 15, 2024 |  |  | 144 |  |  | — |
3.363% Notes due June 6, 2024 |  |  | 997 |  |  | — |
Total current debt obligations |  |  | $ | 1,141 |  |  | $ | 2,179 |
(a)All of the aggregate principal amount outstanding was retired upon maturity during 2023, as further discussed below.
Summary of Long-Term Debt | The carrying value of Long-Term Debt, net of unamortized debt issuance costs, at September 30 consisted of:
(Millions of dollars) |  |  | 2023 |  | 2022
3.875% Notes due May 15, 2024 |  |  | — |  |  | 145 |
3.363% Notes due June 6, 2024 |  |  | — |  |  | 996 |
3.734% Notes due December 15, 2024 |  |  | 874 |  |  | 873 |
3.020% Notes due May 24, 2025 |  |  | 306 |  |  | 275 |
0.034% Notes due August 13, 2025 |  |  | 528 |  |  | 485 |
1.208% Notes due June 4, 2026 |  |  | 634 |  |  | 583 |
6.700% Notes due December 1, 2026 |  |  | 161 |  |  | 165 |
1.900% Notes due December 15, 2026 |  |  | 528 |  |  | 485 |
3.700% Notes due June 6, 2027 |  |  | 1,719 |  |  | 1,718 |
7.000% Debentures due August 1, 2027 |  |  | 119 |  |  | 119 |
4.693% Notes due February 13, 2028 | (a) |  | 796 |  |  | — |
6.700% Debentures due August 1, 2028 |  |  | 115 |  |  | 116 |
0.334% Notes due August 13, 2028 |  |  | 949 |  |  | 872 |
3.553% Notes due September 13, 2029 | (a) |  | 842 |  |  | — |
2.823% Notes due May 20, 2030 |  |  | 745 |  |  | 745 |
1.957% Notes due February 11, 2031 |  |  | 993 |  |  | 992 |
4.298% Notes due August 22, 2032 |  |  | 496 |  |  | 495 |
1.213% Notes due February 12, 2036 |  |  | 631 |  |  | 580 |
6.000% Notes due May 15, 2039 |  |  | 121 |  |  | 121 |
5.000% Notes due November 12, 2040 |  |  | 90 |  |  | 90 |
1.336% Notes due August 13, 2041 |  |  | 945 |  |  | 869 |
4.875% Notes due May 15, 2044 |  |  | 245 |  |  | 246 |
4.685% Notes due December 15, 2044 |  |  | 899 |  |  | 911 |
4.669% Notes due June 6, 2047 |  |  | 1,445 |  |  | 1,449 |
3.794% Notes due May 20, 2050 |  |  | 554 |  |  | 554 |
Other long-term debt |  |  | 2 |  |  | — |
Total Long-Term Debt |  |  | $ | 14,738 |  |  | $ | 13,886 |
(a)Represents notes issued during 2023, as further discussed below.
Schedule of Debt Issuances | The Company issued the following U.S. dollar-denominated debt during fiscal years 2023 and 2022:
Interest rate and maturity |  | Period issued |  | Amount issued (Millions of dollars) |  | Use of proceeds
4.693% notes due February 13, 2028 |  | Second quarter 2023 |  | $ | 800 |  |  | Retirement of 1.401% notes due May 24, 2023 and 0.000% notes due August 13, 2023
4.298% notes due August 22, 2032 |  | Fourth quarter 2022 |  | $ | 500 |  |  | Fourth quarter 2022 debt retirements detailed below
The notes issued by Becton Finance included the following:
Interest rate and maturity |  | Period issued |  | Amount issued (Millions of Euros) |  | Amount issued (Millions of dollars) |  | Use of proceeds
3.553% notes due September 13, 2029 |  | Second quarter 2023 |  | € | 800 |  |  | $ | 868 |  |  | Retirement of 0.632% notes due June 4, 2023
Schedule of Extinguishment of Debt | The Company’s retirements of debt upon maturity in fiscal year 2023 included the following:
Principal, interest rate and maturity |  | Period of retirement |  |  |  |  |  |
400 million Euros ($439 million) of 0.000% notes due August 13, 2023 |  | Fourth quarter 2023 |  |  |  |  |  |
800 million Euros ($857 million) of 0.632% notes due June 4, 2023 |  | Third quarter 2023 |  |  |  |  |  |
300 million Euros ($325 million) of 1.401% notes due May 24, 2023 |  | Third quarter 2023 |  |  |  |  |  |
500 million Euros ($528 million) of 1.000% notes due December 15, 2022 |  | First quarter 2023 |  |  |  |  |  |
On August 8, 2022, the Company commenced a series of tender offers to purchase for cash, certain of its outstanding senior notes. Proceeds from the notes issued in the fourth quarter of fiscal year 2022 plus cash on hand were used to pay for the tender offers. As a result of the tender, the Company’s retirements of debt in fiscal year 2022 included the following:
|  |  |  | (Millions of dollars)
Principal, interest rate and maturity |  | Period of retirement |  | Carrying value |  | Market price of retirement (a) |  | (Gain) loss recognized to Other expense, net (b)
$190 million of 3.794% notes due 2050 |  | Fourth quarter 2022 |  | $ | 188 |  |  | $ | 163 |  |  | $ | (25) |
$52 million of 7.000% debentures due 2027 |  | Fourth quarter 2022 |  | 54 |  |  | 59 |  |  | 5 |
$55 million of 6.700% debentures due 2028 |  | Fourth quarter 2022 |  | 56 |  |  | 62 |  |  | 5 |
$127 million of 6.000% notes due 2039 |  | Fourth quarter 2022 |  | 125 |  |  | 145 |  |  | 20 |
$34 million of 5.000% notes due 2040 |  | Fourth quarter 2022 |  | 34 |  |  | 35 |  |  | 1 |
$42 million of 4.685% notes due 2044 |  | Fourth quarter 2022 |  | 43 |  |  | 42 |  |  | (1) |
(a)Included accrued interest, related premiums, fees and expenses. (b)Debt retirement was accounted for as an early debt extinguishment.
Summary of Interest Costs and Payments | A summary of interest costs and payments for the years ended September 30 is as follows:
(Millions of dollars) | 2023 |  | 2022 |  | 2021
Charged to operations | $ | 452 |  |  | $ | 398 |  |  | $ | 469 |
Capitalized | 51 |  |  | 46 |  |  | 44 |
Total interest costs | $ | 503 |  |  | $ | 444 |  |  | $ | 512 |
Interest paid, net of amounts capitalized | $ | 452 |  |  | $ | 390 |  |  | $ | 474 |

X
- Definition Tabular disclosure of interest costs and payments for the periods presented. + References No definition available. + Details
Name: | bdx_InterestCostsIncurredTableTableTextBlock
Namespace Prefix: | bdx_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Debt Issuances + References No definition available. + Details
Name: | bdx_ScheduleOfDebtIssuancesTableTextBlock
Namespace Prefix: | bdx_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481244/470-50-50-1 + Details
Name: | us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration