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Shareholders' Equity (Tables) | 9 Months Ended
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Jun. 30, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Shareholders Equity | Changes in certain components of shareholders' equity for the first three quarters of fiscal years 2024 and 2023 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, 2023 | $ | 371 |  |  | $ | 19,720 |  |  | $ | 15,535 |  |  | $ | 24 |  |  | (80,203) |  |  | $ | (8,305) |
Net income | — |  |  | — |  |  | 281 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.95 per share) | — |  |  | — |  |  | (275) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (62) |  |  | — |  |  | — |  |  | 647 |  |  | (20) |
Share-based compensation | — |  |  | 83 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | (19) |  |  | — |
Repurchase of common stock | — |  |  | — |  |  | — |  |  | — |  |  | (2,118) |  |  | (503) |
Balance at December 31, 2023 | $ | 371 |  |  | $ | 19,741 |  |  | $ | 15,540 |  |  | $ | 24 |  |  | (81,692) |  |  | $ | (8,828) |
Net income | — |  |  | — |  |  | 537 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.95 per share) | — |  |  | — |  |  | (275) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (5) |  |  | — |  |  | 2 |  |  | 72 |  |  | 17 |
Share-based compensation | — |  |  | 60 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 32 |  |  | — |
Balance at March 31, 2024 | $ | 371 |  |  | $ | 19,795 |  |  | $ | 15,802 |  |  | $ | 26 |  |  | (81,588) |  |  | $ | (8,811) |
Net income | — |  |  | — |  |  | 487 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.95 per share) | — |  |  | — |  |  | (275) |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (2) |  |  | — |  |  | (4) |  |  | 26 |  |  | 4 |
Share-based compensation | — |  |  | 54 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |
Balance at June 30, 2024 | $ | 371 |  |  | $ | 19,847 |  |  | $ | 16,015 |  |  | $ | 22 |  |  | (81,552) |  |  | $ | (8,807) |
| 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) |
Net income | — |  |  | — |  |  | 407 |  |  | — |  |  | — |  |  | — |
Common dividends ($0.91 per share) | — |  |  | — |  |  | (264) |  |  | — |  |  | — |  |  | — |
Preferred dividends | — |  |  | — |  |  | (15) |  |  | — |  |  | — |  |  | — |
Issuance of shares for preferred shares converted to common shares (b) | 6 |  |  | (4) |  |  | — |  |  | — |  |  | — |  |  | — |
Issuance of shares under employee and other plans, net | — |  |  | (9) |  |  | — |  |  | (1) |  |  | 131 |  |  | 6 |
Share-based compensation | — |  |  | 56 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock held in trusts, net (a) | — |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | — |
Balance at June 30, 2023 | $ | 371 |  |  | $ | 19,681 |  |  | $ | 15,691 |  |  | $ | 23 |  |  | (80,486) |  |  | $ | (8,321) |
(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)In accordance with their terms, 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.
Schedule of Accumulated Other Comprehensive Income (Loss) | The components and changes of Accumulated other comprehensive income (loss) for the first three quarters of fiscal years 2024 and 2023 were as follows:
(Millions of dollars) | Total |  | Foreign Currency Translation |  | Benefit Plans |  | Cash Flow Hedges |  | Available-for-Sale Debt Securities
Balance at September 30, 2023 | $ | (1,548) |  |  | $ | (1,078) |  |  | $ | (571) |  |  | $ | 103 |  |  | $ | — |
Other comprehensive income (loss) before reclassifications, net of taxes | 21 |  |  | 40 |  |  | — |  |  | (19) |  |  | — |
Amounts reclassified into income, net of taxes | 12 |  |  | — |  |  | 12 |  |  | 1 |  |  | — |
Balance at December 31, 2023 | $ | (1,515) |  |  | $ | (1,038) |  |  | $ | (559) |  |  | $ | 84 |  |  | $ | — |
Other comprehensive (loss) income before reclassifications, net of taxes | (31) |  |  | (41) |  |  | — |  |  | 9 |  |  | (1) |
Amounts reclassified into income, net of taxes | 11 |  |  | — |  |  | 12 |  |  | (1) |  |  | — |
Balance at March 31, 2024 | $ | (1,535) |  |  | $ | (1,079) |  |  | $ | (548) |  |  | $ | 93 |  |  | $ | (1) |
Other comprehensive loss before reclassifications, net of taxes | (53) |  |  | (53) |  |  | — |  |  | — |  |  | — |
Amounts reclassified into income, net of taxes | 9 |  |  | — |  |  | 12 |  |  | (2) |  |  | — |
Balance at June 30, 2024 | $ | (1,579) |  |  | $ | (1,132) |  |  | $ | (536) |  |  | $ | 90 |  |  | $ | (1) |
(Millions of dollars) | Total |  | Foreign Currency Translation |  | Benefit Plans |  | Cash Flow Hedges |  | Available-for-Sale Debt Securities
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 |  |  | $ | — |
Other comprehensive income before reclassifications, net of taxes | 55 |  |  | 44 |  |  | — |  |  | 11 |  |  | — |
Amounts reclassified into income, net of taxes | 13 |  |  | — |  |  | 11 |  |  | 2 |  |  | — |
Balance at June 30, 2023 | $ | (1,507) |  |  | $ | (1,044) |  |  | $ | (541) |  |  | $ | 79 |  |  | $ | — |

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