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Debt (Tables)
12 Months Ended
Sep. 30, 2025
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)20252024
Commercial paper borrowings$855 $400 
Current portion of long-term debt
3.734% Notes due December 15, 2024
(a)— 875 
3.020% Notes due May 24, 2025
(a)— 335 
0.034% Notes due August 13, 2025
(a)— 559 
1.208% Notes due June 4, 2026
704 — 
Other
Total current debt obligations$1,560 $2,170 
(a)All of the aggregate principal amount outstanding was retired upon maturity during fiscal 2025, 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)20252024
1.208% Notes due June 4, 2026
— 671 
6.700% Notes due December 1, 2026
154 158 
1.900% Notes due December 15, 2026
586 559 
3.700% Notes due June 6, 2027
1,722 1,721 
7.000% Debentures due August 1, 2027
117 118 
4.693% Notes due February 13, 2028
798 797 
6.700% Debentures due August 1, 2028
114 115 
0.334% Notes due August 13, 2028
1,054 1,004 
4.874% Notes due February 8, 2029
622 622 
5.081% Notes due June 7, 2029
597 596 
3.553% Notes due September 13, 2029
936 891 
2.823% Notes due May 20, 2030
747 746 
3.519% Notes due February 8, 2031
876 835 
1.957% Notes due February 11, 2031
995 994 
3.828% Notes due June 7, 2032
1,168 1,113 
4.298% Notes due August 22, 2032
496 496 
5.110% Notes due February 8, 2034
546 545 
1.213% Notes due February 12, 2036
701 668 
4.029% Notes due June 7, 2036
933 889 
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
1,049 999 
4.875% Notes due May 15, 2044
244 244 
4.685% Notes due December 15, 2044
938 934 
4.669% Notes due June 6, 2047
1,462 1,460 
3.794% Notes due May 20, 2050
554 554 
Other long-term debt
Total Long-Term Debt$17,621 $17,940 
Schedule of Debt Issuances
The Company issued the following U.S. dollar-denominated debt during fiscal year 2024:
Interest rate and maturityPeriod issuedAmount issued (Millions of dollars)Use of proceeds
5.081% Notes due June 7, 2029
Third quarter 2024$600 Funding of the cash consideration and related fees and expenses for the Advanced Patient Monitoring acquisition and for general corporate purposes
4.874% Notes due February 8, 2029
Second quarter 2024$625 
Retirement of 3.363% notes due June 6, 2024 and retirement, upon maturity, of 3.734% notes due December 15, 2024
5.110% Notes due February 8, 2034
Second quarter 2024$550 
Retirement of 3.363% notes due June 6, 2024 and retirement, upon maturity, of 3.734% notes due December 15, 2024
The Company issued the following Euro-denominated debt during fiscal year 2024:
Interest rate and maturityPeriod issuedAmount issued (Millions of Euros)Amount issued (Millions of dollars)Use of proceeds
3.828% Notes due June 7, 2032
Third quarter 20241,000 $1,087 Funding of the cash consideration and related fees and expenses for the Advanced Patient Monitoring acquisition and for general corporate purposes
3.519% Notes due February 8, 2031
Second quarter 2024750 $806 
Retirement of 3.875% notes due May 15, 2024 and 3.363% notes due June 6, 2024
The notes issued by Becton Finance included the following:
Interest rate and maturityPeriod issuedAmount issued (Millions of Euros)Amount issued (Millions of dollars)Use of proceeds
4.029% Notes due June 7, 2036
Third quarter 2024800 $869 Funding of the cash consideration and related fees and expenses for the Advanced Patient Monitoring acquisition and for general corporate purposes
Schedule of Extinguishment of Debt
The Company’s retirements of debt upon maturity in fiscal years 2025 and 2024 included the following:
Principal, interest rate, and maturityPeriod of retirement
€500 million ($584 million) of 0.034% notes due August 13, 2025
Fourth quarter 2025
£250 million ($339 million) of 3.020% notes due May 24, 2025
Third quarter 2025
$875 million of 3.734% notes due December 15, 2024
First quarter 2025
$998 million of 3.363% notes due June 6, 2024
Third quarter 2024
$144 million of 3.875% notes due May 15, 2024
Third quarter 2024
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)202520242023
Charged to operations$613 $528 $452 
Capitalized62 57 51 
Total interest costs$675 $584 $503 
Interest paid, net of amounts capitalized$628 $473 $452