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Supplemental Financial Information (Tables)
12 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)
Other Expense, Net
(Millions of dollars)202520242023
Other investment (losses) gains, net (a)$(5)$$(3)
Deferred compensation28 57 32 
Net pension and postretirement benefit cost (b)(84)(65)(98)
Net foreign exchange losses (c)(47)(47)(36)
Service agreement (expense) income, net (d)(14)26 59 
Other (1)(4)— 
Other expense, net$(123)$(28)$(46)
(a)The amounts include (losses) gains recognized relating to certain equity investments.
(b)Represents all components of the Company’s net periodic pension and postretirement benefit costs, aside from service cost, including pension settlement expenses of $38 million and $57 million in fiscal years 2025 and 2023, respectively.
(c)Represents net gains and losses from transactional foreign exchange exposures, offset by net gains and losses on undesignated foreign exchange derivatives.
(d)The amount in fiscal year 2025 represents the costs of transition service agreements resulting from the acquisition of Advanced Patient Monitoring in fiscal year 2024. The amounts in fiscal years 2024 and 2023 consist of net income from transition and logistics service agreements with Embecta following the spin-off of the Company’s former diabetes care business in fiscal year 2022.
Trade Receivables, Allowances for Doubtful Accounts and Cash Discounts
The amounts recognized in 2025, 2024 and 2023 relating to allowances for doubtful accounts and cash discounts, which are netted against trade receivables, are provided in the following table:
(Millions of dollars)Allowance for
Doubtful
Accounts
 Allowance for
Cash
Discounts
Total
Balance at September 30, 2022
$65 $16 $81 
Additions charged to costs and expenses100 109 
Deductions and other(10)(a) (100)(110)
Balance at September 30, 2023
$65 $16 $81 
Additions charged to costs and expenses30   91 121 
Deductions and other(30)(a) (93)(124)
Balance at September 30, 2024
$64 $15 $79 
Additions charged to costs and expenses44 88 132 
Deductions and other(26)(a) (91)(118)
Balance at September 30, 2025
$82 $11 $94 
(a)Accounts written off.
Inventories
Inventories at September 30 consisted of:
(Millions of dollars)20252024
Materials$860 $803 
Work in process490 443 
Finished products2,544 2,597 
$3,894 $3,843 
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net at September 30 consisted of:
(Millions of dollars)20252024
Land$128 $129 
Buildings3,895 3,733 
Machinery, equipment and fixtures10,759 10,197 
Leasehold improvements331 320 
15,113 14,378 
Less accumulated depreciation and amortization8,116 7,557 
$6,997 $6,821