XML 30 R20.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Debt
 9 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Debt Debt
In June 2024, the Company issued $600 million aggregate principal amount of 5.081% notes due June 7, 2029 and €1.000 billion ($1.087 billion) aggregate principal amount of 3.828% Euro-denominated notes due June 7, 2032. Also in June 2024, Becton Dickinson Euro Finance S.à r.l., a private limited liability company (société à responsabilité limitée), which is an indirect, wholly-owned finance subsidiary of the Company, issued €800 million ($869 million) aggregate principal amount of 4.029% Euro-denominated notes due June 7, 2036 (the “BD Finance Notes”).
The BD Finance Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company. No other of the Company's subsidiaries provide any guarantees with respect to the BD Finance Notes. The indenture covenants include a limitation on liens and a restriction on sale and leasebacks, change of control and consolidation, merger and sale of assets covenants. These covenants are subject to a number of exceptions, limitations and qualifications. The indenture does not restrict the Company, Becton Dickinson Euro Finance S.à r.l., or any other of the Company's subsidiaries from incurring additional debt or other liabilities, including additional senior debt. Additionally, the indenture does not restrict Becton Dickinson Euro Finance S.à r.l. and the Company from granting security interests over its assets.
The Company expects to use the net proceeds from these issuances, together with borrowings under its commercial paper program and cash on hand, to fund the cash consideration, as well as related fees and expenses, that will be payable upon the acquisition of Critical Care, as further discussed in Note 9. The Company may also use some portion of the net proceeds from these issuances for general corporate purposes.
In February 2024, the Company issued $625 million aggregate principal amount of 4.874% notes due February 8, 2029, $550 million aggregate principal amount of 5.110% notes due February 8, 2034, and €750 million ($806 million) aggregate principal amount of 3.519% Euro-denominated notes due February 8, 2031.