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Revenue (Tables) | 9 Months Ended
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Jun. 30, 2023
Revenue From Contract With Customer [Abstract] |
Schedule of Revenue Recognition Time | The amount of revenue recognized as point in time or over time follows:
|  | Three Months Ended June 30, 2023 |  |  | Three Months Ended June 30, 2022 |
|  | Aerospace |  |  | Industrial |  |  | Consolidated |  |  | Aerospace |  |  | Industrial |  |  | Consolidated |
Point in time |  | $ | 194,807 |  |  | $ | 208,597 |  |  | $ | 403,404 |  |  | $ | 154,323 |  |  | $ | 119,808 |  |  | $ | 274,131 |
Over time |  |  | 285,724 |  |  |  | 111,535 |  |  |  | 397,259 |  |  |  | 247,389 |  |  |  | 92,812 |  |  |  | 340,201 |
Total net sales |  | $ | 480,531 |  |  | $ | 320,132 |  |  | $ | 800,663 |  |  | $ | 401,712 |  |  | $ | 212,620 |  |  | $ | 614,332 |
|  | Nine Months Ended June 30, 2023 |  |  | Nine Months Ended June 30, 2022 |
|  | Aerospace |  |  | Industrial |  |  | Consolidated |  |  | Aerospace |  |  | Industrial |  |  | Consolidated |
Point in time |  | $ | 552,895 |  |  | $ | 526,096 |  |  | $ | 1,078,991 |  |  | $ | 428,212 |  |  | $ | 367,019 |  |  | $ | 795,231 |
Over time |  |  | 760,338 |  |  |  | 298,167 |  |  |  | 1,058,505 |  |  |  | 682,692 |  |  |  | 264,834 |  |  |  | 947,526 |
Total net sales |  | $ | 1,313,233 |  |  | $ | 824,263 |  |  | $ | 2,137,496 |  |  | $ | 1,110,904 |  |  | $ | 631,853 |  |  | $ | 1,742,757 |
Schedule of Accounts Receivable | Accounts receivable consisted of the following:
|  | June 30, 2023 |  |  | September 30, 2022 |
Billed receivables |  |  |  |  |  |
Trade accounts receivable |  | $ | 408,601 |  |  | $ | 359,364 |
Other (Chinese financial institutions) |  |  | 38,098 |  |  |  | 9,405 |
Total billed receivables |  |  | 446,699 |  |  |  | 368,769 |
Current unbilled receivables (contract assets) |  |  | 294,806 |  |  |  | 245,117 |
Total accounts receivable |  |  | 741,505 |  |  |  | 613,886 |
Less: Allowance for uncollectible amounts |  |  | (8,700 | ) |  |  | (3,922 | )
Total accounts receivable, net |  | $ | 732,805 |  |  | $ | 609,964 |
Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables | The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Balance, beginning |  | $ | 9,949 |  |  | $ | 3,141 |  |  | $ | 3,922 |  |  | $ | 3,664 |
Changes in estimates |  |  | 77 |  |  |  | 356 |  |  |  | 6,463 |  |  |  | 783 |
Write-offs |  |  | (1,271 | ) |  |  | — |  |  |  | (1,601 | ) |  |  | (43 | )
Other 1 |  |  | (55 | ) |  |  | (454 | ) |  |  | (84 | ) |  |  | (1,361 | )
Balance, ending |  | $ | 8,700 |  |  | $ | 3,043 |  |  | $ | 8,700 |  |  | $ | 3,043 |
(1) Includes effects of foreign exchange rate changes during the period.
Schedule of Contract Liability | Contract liabilities consisted of the following:
|  | June 30, 2023 |  |  | September 30, 2022 |
|  | Current |  |  | Noncurrent |  |  | Current |  |  | Noncurrent |
Deferred revenue from material rights from GE joint venture formation |  | $ | 6,049 |  |  | $ | 235,686 |  |  | $ | 5,754 |  |  | $ | 234,516 |
Deferred revenue from advanced invoicing and/or prepayments from customers |  |  | 4,771 |  |  |  | 3,277 |  |  |  | 4,120 |  |  |  | 38 |
Liability related to customer supplied inventory |  |  | 12,841 |  |  |  | — |  |  |  | 12,442 |  |  |  | — |
Deferred revenue from material rights related to engineering and development funding |  |  | 7,906 |  |  |  | 173,645 |  |  |  | 8,347 |  |  |  | 161,791 |
Net contract liabilities |  | $ | 31,567 |  |  | $ | 412,608 |  |  | $ | 30,663 |  |  | $ | 396,345 |
Schedule of Disaggregation of Revenue | Revenue by primary market for the Aerospace reportable segment was as follows:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Commercial OEM |  | $ | 186,173 |  |  | $ | 131,968 |  |  | $ | 484,319 |  |  | $ | 359,683 |
Commercial aftermarket |  |  | 139,518 |  |  |  | 108,695 |  |  |  | 405,606 |  |  |  | 303,335 |
Defense OEM |  |  | 101,008 |  |  |  | 115,205 |  |  |  | 278,577 |  |  |  | 318,392 |
Defense aftermarket |  |  | 53,832 |  |  |  | 45,844 |  |  |  | 144,731 |  |  |  | 129,494 |
Total Aerospace segment net sales |  | $ | 480,531 |  |  | $ | 401,712 |  |  | $ | 1,313,233 |  |  | $ | 1,110,904 |
Revenue by primary market for the Industrial reportable segment was as follows:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Reciprocating engines |  | $ | 242,040 |  |  | $ | 154,090 |  |  | $ | 612,655 |  |  | $ | 469,087 |
Industrial turbines |  |  | 78,092 |  |  |  | 58,530 |  |  |  | 211,608 |  |  |  | 162,766 |
Total Industrial segment net sales |  | $ | 320,132 |  |  | $ | 212,620 |  |  | $ | 824,263 |  |  | $ | 631,853 |
The customers who each account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows:
|  | Three Months Ended June 30, 2023 |  | Three Months Ended June 30, 2022
Aerospace |  | Raytheon Technologies, General Electric Company, The Boeing Company |  | The Boeing Company, Raytheon Technologies, General Electric Company
Industrial |  | Weichai Westport, Rolls-Royce PLC, Caterpillar, Inc. |  | Rolls-Royce PLC, Wartsila, Caterpillar, Inc.
|  | Nine Months Ended June 30, 2023 |  | Nine Months Ended June 30, 2022
Aerospace |  | Raytheon Technologies, General Electric Company, The Boeing Company |  | Raytheon Technologies, The Boeing Company, General Electric Company
Industrial |  | Rolls-Royce PLC, Caterpillar, Inc. |  | Rolls-Royce PLC, Wartsila, Caterpillar, Inc.

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