XML 31 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

Shareholders' Equity (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2023
Stockholders' Equity Note [Abstract] |
Schedule of Shareholders Equity | Changes in certain components of shareholders' equity for the first two quarters of fiscal years 2023 and 2022 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, 2022 | $ | 365 |  |  | $ | 19,553 |  |  | $ | 15,157 |  |  | $ | 23 |  |  | (81,283) |  |  | $ | (8,330) |
Net income | — |  |  | — |  |  | 509 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.91 per share) | — |  |  | — |  |  | (259) |  |  | — |  |  | — |  |  | — |
Preferred dividends | — |  |  | — |  |  | (23) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (52) |  |  | — |  |  | — |  |  | 556 |  |  | (3) |
Share-based compensation | — |  |  | 89 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | — |
Balance at December 31, 2022 | $ | 365 |  |  | $ | 19,590 |  |  | $ | 15,384 |  |  | $ | 24 |  |  | (80,738) |  |  | $ | (8,333) |
Net income | — |  |  | — |  |  | 460 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.91 per share) | — |  |  | — |  |  | (259) |  |  | — |  |  | — |  |  | — |
Preferred dividends | — |  |  | — |  |  | (23) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (7) |  |  | — |  |  | — |  |  | 21 |  |  | 5 |
Share-based compensation | — |  |  | 56 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 92 |  |  | — |
Balance at March 31, 2023 | $ | 365 |  |  | $ | 19,639 |  |  | $ | 15,563 |  |  | $ | 24 |  |  | (80,625) |  |  | $ | (8,327) |
| 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, 2021 | $ | 365 |  |  | $ | 19,272 |  |  | $ | 13,826 |  |  | $ | 23 |  |  | (80,164) |  |  | $ | (7,723) |
Net income | — |  |  | — |  |  | 677 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.87 per share) | — |  |  | — |  |  | (248) |  |  | — |  |  | — |  |  | — |
Preferred dividends | — |  |  | — |  |  | (23) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (71) |  |  | — |  |  | — |  |  | 762 |  |  | 19 |
Share-based compensation | — |  |  | 83 |  |  | — |  |  | — |  |  |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | (5) |  |  | — |
Repurchase of common stock (b) | — |  |  | 150 |  |  | — |  |  | — |  |  | (462) |  |  | (150) |
Balance at December 31, 2021 | $ | 365 |  |  | $ | 19,435 |  |  | $ | 14,233 |  |  | $ | 24 |  |  | (79,869) |  |  | $ | (7,855) |
Net income | — |  |  | — |  |  | 454 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.87 per share) | — |  |  | — |  |  | (248) |  |  | — |  |  | — |  |  | — |
Preferred dividends | — |  |  | — |  |  | (23) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (21) |  |  | — |  |  | 1 |  |  | 284 |  |  | 14 |
Share-based compensation | — |  |  | 56 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | 24 |  |  | — |  |  | — |  |  | 9 |  |  | (24) |
Balance at March 31, 2022 | $ | 365 |  |  | $ | 19,495 |  |  | $ | 14,416 |  |  | $ | 24 |  |  | (79,575) |  |  | $ | (7,866) |
(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. During the second quarter of fiscal year 2022, the common stock held in trusts was temporarily replaced with the Company’s Series C preferred shares to adhere to trust requirements until the Company’s spin-off of its Diabetes Care business was completed on April 1, 2022. (b)Represents shares received upon final settlement of an accelerated share repurchase agreement, and the related forward sale contract, entered into during the fourth quarter of fiscal year 2021. T he share repurchases were made pursuant to the repurchase program authorized by the Board of Directors on September 24, 2013 for 10 million shares, which has been fully utilized. In November 2021, the Board of Directors authorized the Company to repurchase up to an additional 10 million shares of BD common stock, for which there is also no expiration date.
Schedule of Accumulated Other Comprehensive Income (Loss) | The components and changes of Accumulated other comprehensive income (loss) for the first two quarters of fiscal years 2023 and 2022 were as follows:
(Millions of dollars) | Total |  | Foreign Currency Translation |  | Benefit Plans |  | Cash Flow Hedges
Balance at September 30, 2022 | $ | (1,488) |  |  | $ | (987) |  |  | $ | (574) |  |  | $ | 75 |
Other comprehensive loss before reclassifications, net of taxes | (84) |  |  | (80) |  |  | — |  |  | (4) |
Amounts reclassified into income, net of taxes | 12 |  |  | — |  |  | 11 |  |  | 1 |
Balance at December 31, 2022 | $ | (1,559) |  |  | $ | (1,067) |  |  | $ | (563) |  |  | $ | 73 |
Other comprehensive loss before reclassifications, net of taxes | (29) |  |  | (21) |  |  | — |  |  | (8) |
Amounts reclassified into income, net of taxes | 13 |  |  | — |  |  | 11 |  |  | 2 |
Balance at March 31, 2023 | $ | (1,575) |  |  | $ | (1,088) |  |  | $ | (552) |  |  | $ | 67 |
(Millions of dollars) | Total |  | Foreign Currency Translation |  | Benefit Plans |  | Cash Flow Hedges
Balance at September 30, 2021 | $ | (2,088) |  |  | $ | (1,292) |  |  | $ | (784) |  |  | $ | (10) |
Other comprehensive income (loss) before reclassifications, net of taxes | 34 |  |  | 41 |  |  | — |  |  | (7) |
Amounts reclassified into income, net of taxes | 11 |  |  | — |  |  | 11 |  |  | — |
Balance at December 31, 2021 | $ | (2,043) |  |  | $ | (1,251) |  |  | $ | (774) |  |  | $ | (17) |
Other comprehensive income before reclassifications, net of taxes | 122 |  |  | 78 |  |  | — |  |  | 44 |
Amounts reclassified into income, net of taxes | 11 |  |  | — |  |  | 11 |  |  | — |
Balance at March 31, 2022 | $ | (1,910) |  |  | $ | (1,173) |  |  | $ | (763) |  |  | $ | 28 |

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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