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Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Cash and Cash Equivalents

The following reconciles cash and equivalents and restricted cash reported within the Company's consolidated balance sheets at September 30, 2025 and 2024 to the total of these amounts shown on the Company's consolidated statements of cash flows:

(Millions of dollars)			2025						2024
Cash and equivalents			$	641					$	1,717
Restricted cash			210						139
Cash and equivalents and restricted cash			$	851					$	1,856

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair values of the Company’s financial instruments are as follows:

(Millions of dollars)			Basis of fair value measurement (See Note 1)						2025						2024
Institutional money market accounts (a)			Level 1						$	18					$	285
Current portion of long-term debt (b)			Level 2						700						1,748
Long-term debt (b)			Level 2						16,745						17,199

(a)These financial instruments are recorded within Cash and equivalents on the consolidated balance sheets. The institutional money market accounts permit daily redemption.

(b)Long-term debt is recorded at amortized cost. The fair value of long-term debt is measured based upon quoted prices in active markets for similar instruments.

Transfer of Financial Assets Accounted for as Sales

The amounts transferred and yet to be remitted under factoring arrangements are provided below.

(Millions of dollars)			2025						2024						2023
Trade receivables transferred to third parties under factoring arrangements			$	1,560					$	1,385					$	2,615
(Millions of dollars)			2025						2024
Amounts yet to be collected and remitted to the third parties			$	389					$	254

Supplier Finance Program

A rollforward of the Company’s outstanding obligations under its supplier finance programs is provided below.

(Millions of dollars)
Balance at September 30, 2024			$	112
Additions			807
Settlements			(686)
Balance at September 30, 2025			$	234

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-Topic 820
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