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Fair Value Measurements (Tables) | 9 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Instruments | The following tables show the fair value of the Company’s financial instruments that are required to be measured at fair value as of June 30, 2024 and September 30, 2023.
| Fair Value Measurements as of June 30, 2024
| (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
| (in millions)
Other Current Assets: |  |  |  |  |  |  |
Foreign Currency Forward Exchange Contracts (a) | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Other noncurrent assets: |  |  |  |  |  |  |
Equity investments with readily determinable fair value (c) | 10 |  |  | — |  |  | — |  |  | 10 |
Other noncurrent liabilities: |  |  |  |  |  |  |
Contractual obligations (b) | — |  |  | — |  |  | (1) |  |  | (1) |
| Fair Value Measurements as of September 30, 2023
| (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
| (in millions)
Other current assets: |  |  |  |  |  |  |
Interest rate swap (d) | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |
Other noncurrent assets: |  |  |  |  |  |  |
Equity investment with readily determinable fair value (c) | 15 |  |  | — |  |  | — |  |  | 15 |
Other noncurrent liabilities: |  |  |  |  |  |  |
Contractual obligations (b) | — |  |  | — |  |  | (1) |  |  | (1) |
______________________________________ (a)The fair value of foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay at their maturity dates for contracts involving the same currencies and maturity dates. (b)This represents contingent consideration related to acquisitions. This is based on a probability weighted performance approach and it is adjusted to fair value on a recurring basis and any adjustments are typically included as a component of operating income in the condensed consolidated statements of operations. This amount was primarily calculated using unobservable inputs such as future earnings performance of the acquiree and the expected timing of payments. (c)These represent equity investments with a readily determinable fair value. The Company has measured its investments to fair value in accordance with ASC 321, Investments—Equity Securities, based on quoted prices in active markets. (d)The fair value of the interest rate swaps is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay as of each reporting period for contracts involving the same attributes and maturity dates.
Schedule of Reconciliation of Net Liabilities Classified as Level 3 | The following table reconciles the beginning and ending balances of net liabilities classified as Level 3:
| Total
| (in millions)
Balance at September 30, 2023 | $ | (1) |
Additions | — |
Reductions | — |
Payments | — |
Balance at June 30, 2024 | $ | (1) |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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