XML 76 R54.htm IDEA: XBRL DOCUMENT v3.25.3
Retirement Benefits (Tables)
12 Months Ended
Sep. 30, 2025
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amount of Expense Associated with Defined Contribution Plans

The amount of expense associated with defined contribution plans was as follows:

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Company costs

 

$

55,611

 

 

$

51,148

 

 

$

44,202

 

Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

Net periodic benefit costs consist of the following components reflected as expense in Woodward’s Consolidated Statement of Earnings:

 

 

Year Ended September 30,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

Service cost

 

$

917

 

 

$

775

 

 

$

893

 

 

$

1,432

 

 

$

1,244

 

 

$

1,333

 

 

$

2,349

 

 

$

2,019

 

 

$

2,226

 

Interest cost

 

 

6,875

 

 

 

7,598

 

 

 

7,297

 

 

 

2,983

 

 

 

3,213

 

 

 

3,137

 

 

 

9,858

 

 

 

10,811

 

 

 

10,434

 

Expected return on plan assets

 

 

(10,992

)

 

 

(9,084

)

 

 

(8,297

)

 

 

(2,496

)

 

 

(2,406

)

 

 

(2,300

)

 

 

(13,488

)

 

 

(11,490

)

 

 

(10,597

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (gain)

 

 

171

 

 

 

226

 

 

 

292

 

 

 

(413

)

 

 

(679

)

 

 

(620

)

 

 

(242

)

 

 

(453

)

 

 

(328

)

Net prior service cost

 

 

762

 

 

 

698

 

 

 

698

 

 

 

23

 

 

 

23

 

 

 

22

 

 

 

785

 

 

 

721

 

 

 

720

 

Net periodic (benefit) cost

 

$

(2,267

)

 

$

213

 

 

$

883

 

 

$

1,529

 

 

$

1,395

 

 

$

1,572

 

 

$

(738

)

 

$

1,608

 

 

$

2,455

 

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

The following tables provide a reconciliation of the changes in the projected benefit obligation and fair value of assets for the defined benefit pension plans:

 

 

At or for the Year Ended September 30,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Changes in projected benefit obligation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

140,955

 

 

$

127,222

 

 

$

77,347

 

 

$

67,263

 

 

$

218,302

 

 

$

194,485

 

Plan amendment

 

 

 

 

 

1,121

 

 

 

 

 

 

 

 

 

 

 

 

1,121

 

Service cost

 

 

917

 

 

 

775

 

 

 

1,432

 

 

 

1,244

 

 

 

2,349

 

 

 

2,019

 

Interest cost

 

 

6,875

 

 

 

7,598

 

 

 

2,983

 

 

 

3,213

 

 

 

9,858

 

 

 

10,811

 

Net actuarial (gains) losses

 

 

(6,027

)

 

 

13,249

 

 

 

(944

)

 

 

4,128

 

 

 

(6,971

)

 

 

17,377

 

Contribution by participants

 

 

 

 

 

 

 

 

12

 

 

 

12

 

 

 

12

 

 

 

12

 

Benefits paid

 

 

(9,112

)

 

 

(9,010

)

 

 

(3,818

)

 

 

(3,647

)

 

 

(12,930

)

 

 

(12,657

)

Foreign currency exchange rate changes

 

 

 

 

 

 

 

 

1,615

 

 

 

5,134

 

 

 

1,615

 

 

 

5,134

 

Projected benefit obligation at end of year

 

$

133,608

 

 

$

140,955

 

 

$

78,627

 

 

$

77,347

 

 

$

212,235

 

 

$

218,302

 

Changes in fair value of plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

$

179,917

 

 

$

155,370

 

 

$

57,476

 

 

$

50,775

 

 

$

237,393

 

 

$

206,145

 

Actual return on plan assets

 

 

7,778

 

 

 

33,382

 

 

 

1,687

 

 

 

3,866

 

 

 

9,465

 

 

 

37,248

 

Contributions by the Company

 

 

 

 

 

175

 

 

 

1,423

 

 

 

1,863

 

 

 

1,423

 

 

 

2,038

 

Contributions by plan participants

 

 

 

 

 

 

 

 

12

 

 

 

12

 

 

 

12

 

 

 

12

 

Benefits paid

 

 

(9,112

)

 

 

(9,010

)

 

 

(3,818

)

 

 

(3,647

)

 

 

(12,930

)

 

 

(12,657

)

Foreign currency exchange rate changes

 

 

 

 

 

 

 

 

(222

)

 

 

4,607

 

 

 

(222

)

 

 

4,607

 

Fair value of plan assets at end of year

 

$

178,583

 

 

$

179,917

 

 

$

56,558

 

 

$

57,476

 

 

$

235,141

 

 

$

237,393

 

Net over/(under) funded status at end of year

 

$

44,975

 

 

$

38,962

 

 

$

(22,069

)

 

$

(19,871

)

 

$

22,906

 

 

$

19,091

 

Schedule of Accumulated Benefit Obligations In Excess of and Less Than Fair Value of Plan Assets

 

 

Plans with accumulated
benefit obligation in
excess of plan assets

 

 

Plans with accumulated
benefit obligation less
than plan assets

 

 

 

At September 30,

 

 

At September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Projected benefit obligation

 

$

(36,197

)

 

$

(56,783

)

 

$

(176,038

)

 

$

(161,519

)

Accumulated benefit obligation

 

 

(36,163

)

 

 

(56,757

)

 

 

(174,641

)

 

 

(160,302

)

Fair value of plan assets

 

 

 

 

 

20,053

 

 

 

235,141

 

 

 

217,340

 

Schedule of Amounts Recognized in Balance Sheets and Accumulated Other Comprehensive (Earnings) Losses

The following tables provide the amounts recognized in the Consolidated Balance Sheets and accumulated other comprehensive (earnings) losses for the defined benefit pension plans:

 

 

Year Ended September 30,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Amounts recognized in the Consolidated Balance Sheets consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other non-current assets

 

$

44,975

 

 

$

39,148

 

 

$

14,129

 

 

$

16,673

 

 

$

59,104

 

 

$

55,821

 

Accrued liabilities

 

 

 

 

 

 

 

 

(1,372

)

 

 

(1,166

)

 

 

(1,372

)

 

 

(1,166

)

Other non-current liabilities

 

 

 

 

 

(186

)

 

 

(34,826

)

 

 

(35,378

)

 

 

(34,826

)

 

 

(35,564

)

Net over/(under) funded status at end of year

 

$

44,975

 

 

$

38,962

 

 

$

(22,069

)

 

$

(19,871

)

 

$

22,906

 

 

$

19,091

 

Amounts recognized in accumulated other
comprehensive (earnings) losses consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized net prior service cost

 

$

2,437

 

 

$

3,200

 

 

$

488

 

 

$

509

 

 

$

2,925

 

 

$

3,709

 

Unrecognized net (gains) losses

 

 

(5,733

)

 

 

(2,749

)

 

 

(4,886

)

 

 

(4,655

)

 

 

(10,619

)

 

 

(7,404

)

Total amounts recognized

 

 

(3,296

)

 

 

451

 

 

 

(4,398

)

 

 

(4,146

)

 

 

(7,694

)

 

 

(3,695

)

Deferred taxes

 

 

(2,557

)

 

 

(3,499

)

 

 

(27

)

 

 

(191

)

 

 

(2,584

)

 

 

(3,690

)

Amounts recognized in accumulated other comprehensive (earnings) losses

 

$

(5,853

)

 

$

(3,048

)

 

$

(4,425

)

 

$

(4,337

)

 

$

(10,278

)

 

$

(7,385

)

Schedule of Changes in Plan Assets and Benefit Obligations Recorded in Other Comprehensive (Earnings) Losses

The following table reconciles the changes in accumulated other comprehensive (earnings) losses for the defined benefit pension plans:

 

 

Year Ended September 30,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Beginning of year

 

$

451

 

 

$

11,304

 

 

$

(4,146

)

 

$

(7,360

)

 

$

(3,695

)

 

$

3,944

 

Net (gain) loss

 

 

(2,814

)

 

 

(11,050

)

 

 

(135

)

 

 

2,668

 

 

 

(2,949

)

 

 

(8,382

)

Prior service cost

 

 

 

 

 

1,121

 

 

 

 

 

 

 

 

 

 

 

 

1,121

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) gain

 

 

(171

)

 

 

(226

)

 

 

413

 

 

 

679

 

 

 

242

 

 

 

453

 

Prior service cost

 

 

(762

)

 

 

(698

)

 

 

(23

)

 

 

(23

)

 

 

(785

)

 

 

(721

)

Foreign currency exchange rate changes

 

 

 

 

 

 

 

 

(507

)

 

 

(110

)

 

 

(507

)

 

 

(110

)

End of year

 

$

(3,296

)

 

$

451

 

 

$

(4,398

)

 

$

(4,146

)

 

$

(7,694

)

 

$

(3,695

)

Schedule of Expected Benefit Payments

Pension benefit payments are made from the assets of the pension plans. The German pension plans are unfunded; therefore, benefit payments are made from Company contributions into these plans as required to meet the payment obligations. Using foreign exchange rates as of September 30, 2025 and expected future service assumptions, it is anticipated that the future benefit payments will be as follows:

Year Ending September 30,

 

United States

 

 

Other
Countries

 

 

Total

 

2026

 

$

9,790

 

 

$

3,693

 

 

$

13,483

 

2027

 

 

10,142

 

 

 

3,776

 

 

 

13,918

 

2028

 

 

10,410

 

 

 

4,057

 

 

 

14,467

 

2029

 

 

10,633

 

 

 

4,225

 

 

 

14,858

 

2030

 

 

10,759

 

 

 

4,888

 

 

 

15,647

 

2031-2035

 

 

53,000

 

 

 

24,718

 

 

 

77,718

 

 

Schedule of Allocation of Plan Assets, Actual and Target Allocations

The asset allocations are monitored and rebalanced regularly by investment managers assigned to the individual pension plans. The actual allocations of pension plan assets and target allocation ranges by asset class are as follows:

 

 

At September 30,

 

 

2025

 

2024

 

 

Percentage of Plan
Assets

 

Target Allocation
Ranges

 

Percentage of Plan
Assets

 

Target Allocation
Ranges

United States:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

31.6%

 

2.1%

 

 

 

 

51.1%

 

30.5%

 

2.3%

 

 

 

 

51.1%

Debt Securities

 

67.2%

 

58.9%

 

 

 

 

96.8%

 

67.6%

 

58.9%

 

 

 

 

96.7%

Other

 

1.2%

 

0.0%

 

1.9%

 

0.0%

 

 

100.0%

 

 

 

 

 

 

 

 

100.0%

 

 

 

 

 

 

 

United Kingdom:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities

 

0.0%

 

0.0%

 

95.8%

 

90.0%

 

 

 

 

100.0%

Insurance Contract

 

76.2%

 

90.0%

 

 

 

 

100.0%

 

0.0%

 

0.0%

Other

 

23.8%

 

0.0%

 

 

 

 

10.0%

 

4.2%

 

0.0%

 

 

 

 

10.0%

 

 

100.0%

 

 

 

 

 

 

 

 

100.0%

 

 

 

 

 

 

 

Japan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

40.8%

 

36.0%

 

 

 

 

44.0%

 

39.7%

 

36.0%

 

 

 

 

44.0%

Debt Securities

 

58.3%

 

55.0%

 

 

 

 

63.0%

 

59.4%

 

55.0%

 

 

 

 

63.0%

Other

 

1.0%

 

0%

 

 

 

 

2.0%

 

0.9%

 

0.0%

 

 

 

 

2.0%

 

 

100.0%

 

 

 

 

 

 

 

 

100.0%

 

 

 

 

 

 

 

Schedule of Allocation of Plan Assets, Fair Value Hierarchy

The following tables present Woodward’s pension plan assets using the fair value hierarchy established by U.S. GAAP:

 

 

At September 30, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

United
States

 

 

Other
Countries

 

 

United
States

 

 

Other
Countries

 

 

United
States

 

 

Other
Countries

 

 

Total

 

Asset Category:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,181

 

 

$

11,332

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

13,513

 

Mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bond fund

 

 

120,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

120,010

 

U.S. equity large cap fund

 

 

35,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35,001

 

International equity large cap growth fund

 

 

21,391

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,391

 

Pooled funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japanese equity securities

 

 

 

 

 

 

 

 

 

 

 

2,000

 

 

 

 

 

 

 

 

 

2,000

 

International equity securities

 

 

 

 

 

 

 

 

 

 

 

1,818

 

 

 

 

 

 

 

 

 

1,818

 

Japanese fixed income securities

 

 

 

 

 

 

 

 

 

 

 

4,046

 

 

 

 

 

 

 

 

 

4,046

 

International fixed income securities

 

 

 

 

 

 

 

 

 

 

 

1,397

 

 

 

 

 

 

 

 

 

1,397

 

Insurance Contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.K. Insurance contract

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35,965

 

 

 

35,965

 

Total assets

 

$

178,583

 

 

$

11,332

 

 

$

 

 

$

9,261

 

 

$

 

 

$

35,965

 

 

$

235,141

 

 

 

 

At September 30, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

United
States

 

 

Other
Countries

 

 

United
States

 

 

Other
Countries

 

 

United
States

 

 

Other
Countries

 

 

Total

 

Asset Category:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

3,370

 

 

$

2,130

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

5,500

 

Mutual funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bond fund

 

 

121,581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

121,581

 

U.S. equity large cap fund

 

 

33,454

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33,454

 

International equity large cap growth fund

 

 

21,512

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,512

 

Pooled funds:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japanese equity securities

 

 

 

 

 

 

 

 

 

 

 

1,939

 

 

 

 

 

 

 

 

 

1,939

 

International equity securities

 

 

 

 

 

 

 

 

 

 

 

1,786

 

 

 

 

 

 

 

 

 

1,786

 

Japanese fixed income securities

 

 

 

 

 

 

 

 

 

 

 

4,157

 

 

 

 

 

 

 

 

 

4,157

 

International fixed income securities

 

 

 

 

 

 

 

 

 

 

 

1,409

 

 

 

 

 

 

 

 

 

1,409

 

Index linked U.K. corporate bonds fund

 

 

 

 

 

 

 

 

 

 

 

17,085

 

 

 

 

 

 

 

 

 

17,085

 

Index linked U.K. government securities fund

 

 

 

 

 

 

 

 

 

 

 

12,049

 

 

 

 

 

 

 

 

 

12,049

 

Index linked U.K. long-term government securities fund

 

 

 

 

 

 

 

 

 

 

 

14,924

 

 

 

 

 

 

 

 

 

14,924

 

Index U.K. long-term government securities fund

 

 

 

 

 

 

 

 

 

 

 

1,997

 

 

 

 

 

 

 

 

 

1,997

 

Total assets

 

$

179,917

 

 

$

2,130

 

 

$

 

 

$

55,346

 

 

$

 

 

$

 

 

$

237,393

 

Other Postretirement Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

The actuarial assumptions used in measuring the net periodic benefit cost and plan obligations of postretirement benefits were as follows:

 

 

At September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Weighted-average discount rate used to determine benefit obligation

 

 

5.30

%

 

 

5.00

%

 

 

6.25

%

Weighted-average discount rate used to determine net periodic benefit cost

 

 

5.00

 

 

 

6.25

 

 

 

5.70

 

Schedule of Net Periodic Benefit Costs

Net periodic benefit costs consist of the following components reflected as expense in Woodward’s Consolidated Statements of Earnings:

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Service cost

 

$

 

 

$

 

 

$

1

 

Interest cost

 

 

717

 

 

 

902

 

 

 

904

 

Amortization of:

 

 

 

 

 

 

 

 

 

Net gain

 

 

(441

)

 

 

(555

)

 

 

(495

)

Net periodic cost

 

$

276

 

 

$

347

 

 

$

410

 

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

The following table provides a reconciliation of the changes in the accumulated postretirement benefit obligation and fair value of assets for the postretirement benefits:

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

Changes in accumulated postretirement benefit obligation:

 

 

 

 

 

 

Accumulated postretirement benefit obligation at beginning of year

 

$

15,203

 

 

$

15,336

 

Service cost

 

 

 

 

 

 

Interest cost

 

 

717

 

 

 

902

 

Premiums paid by plan participants

 

 

753

 

 

 

834

 

Net actuarial (gain) loss

 

 

(278

)

 

 

597

 

Benefits paid

 

 

(2,202

)

 

 

(2,466

)

Accumulated postretirement benefit obligation at end of year

 

$

14,193

 

 

$

15,203

 

Changes in fair value of plan assets:

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

$

 

 

$

 

Contributions by the company

 

 

1,449

 

 

 

1,632

 

Premiums paid by plan participants

 

 

753

 

 

 

834

 

Benefits paid

 

 

(2,202

)

 

 

(2,466

)

Fair value of plan assets at end of year

 

$

 

 

$

 

Funded status at end of year

 

$

(14,193

)

 

$

(15,203

)

Schedule of Amounts Recognized in Balance Sheets and Accumulated Other Comprehensive (Earnings) Losses

The following tables provide the amounts recognized in the Consolidated Balance Sheets and accumulated other comprehensive (earnings) losses for the postretirement plans:

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

Amounts recognized in Consolidated Balance Sheets consist of:

 

 

 

 

 

 

Accrued liabilities

 

$

(1,576

)

 

$

(1,668

)

Other non-current liabilities

 

 

(12,617

)

 

 

(13,535

)

Funded status at end of year

 

$

(14,193

)

 

$

(15,203

)

Amounts recognized in accumulated other comprehensive income consist of:

 

 

 

 

 

 

Unrecognized net prior service cost (benefit)

 

$

 

 

$

 

Unrecognized net gains

 

 

(5,097

)

 

 

(5,260

)

Total amounts recognized

 

 

(5,097

)

 

 

(5,260

)

Deferred taxes

 

 

968

 

 

 

1,009

 

Amounts recognized in accumulated other comprehensive (earnings)

 

$

(4,129

)

 

$

(4,251

)

Schedule of Changes in Plan Assets and Benefit Obligations Recorded in Other Comprehensive (Earnings) Losses

The following table reconciles the changes in accumulated other comprehensive (earnings) losses for the other postretirement benefit plans:

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

Beginning of year

 

$

(5,260

)

 

$

(6,412

)

Net (gain) loss

 

 

(278

)

 

 

597

 

Amortization of:

 

 

 

 

 

 

Net gain

 

 

441

 

 

 

555

 

End of year

 

$

(5,097

)

 

$

(5,260

)

Schedule of Health Care Cost Trend Rates

Assumed healthcare cost trend rates at September 30 were as follows:

 

 

2025

 

 

2024

 

Health-care cost trend rate assumed for next year

 

 

7.00

%

 

 

6.00

%

Rate to which the cost trend rate is assumed to decline

 

 

 

 

 

 

(the ultimate trend rate)

 

 

5.00

%

 

 

5.00

%

Year that the rate reaches the ultimate trend rate

 

2033

 

 

2030

 

 

Schedule of Future Postretirement Company Contributions

Using expected future service, it is anticipated that the future Company contributions to pay benefits for other postretirement benefit plans, excluding participate contributions, will be as follows:

Year Ending September 30,

 

 

 

2026

 

$

2,379

 

2027

 

 

2,318

 

2028

 

 

2,251

 

2029

 

 

2,176

 

2030

 

 

2,087

 

2031-2035

 

 

8,751

 

United States [Member] | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

The actuarial assumptions used in measuring the net periodic benefit cost and plan obligations of retirement pension benefits were as follows:

 

 

At September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

United States:

 

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation:

 

 

 

 

 

 

 

 

 

Discount rate

 

 

5.50

%

 

 

5.05

%

 

 

6.20

%

Weighted-average assumptions to determine periodic benefit costs:

 

 

 

 

 

 

 

 

 

Discount rate

 

 

5.05

 

 

 

6.20

 

 

 

5.70

 

Long-term rate of return on plan assets

 

 

6.28

 

 

 

6.03

 

 

 

5.53

 

United Kingdom | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

 

 

At September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

United Kingdom:

 

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation:

 

 

 

 

 

 

 

 

 

Discount rate

 

 

4.90

%

 

 

5.28

%

 

 

5.85

%

Rate of compensation increase

 

 

3.20

 

 

 

3.40

 

 

 

3.60

 

Weighted-average assumptions to determine periodic benefit costs:

 

 

 

 

 

 

 

 

 

Discount rate - service cost

 

 

5.41

 

 

 

5.91

 

 

 

4.99

 

Discount rate - interest cost

 

 

5.13

 

 

 

5.84

 

 

 

5.71

 

Rate of compensation increase

 

 

3.40

 

 

 

3.60

 

 

 

4.00

 

Long-term rate of return on plan assets

 

 

4.70

 

 

 

4.90

 

 

 

4.80

 

Japan | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

 

 

At September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Japan:

 

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation:

 

 

 

 

 

 

 

 

 

Discount rate

 

 

2.90

%

 

 

1.92

%

 

 

2.01

%

Rate of compensation increase

 

 

4.00

 

 

 

3.00

 

 

 

2.00

 

Weighted-average assumptions to determine periodic benefit costs:

 

 

 

 

 

 

 

 

 

Discount rate - service cost

 

 

2.10

 

 

 

2.20

 

 

 

1.78

 

Discount rate - interest cost

 

 

1.53

 

 

 

1.58

 

 

 

1.17

 

Rate of compensation increase

 

 

3.00

 

 

 

2.00

 

 

 

2.00

 

Long-term rate of return on plan assets

 

 

3.75

 

 

 

3.25

 

 

 

2.75

 

Germany [Member] | Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Actuarial Assumptions Used

 

 

At September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Germany:

 

 

 

 

 

 

 

 

 

Weighted-average assumptions to determine benefit obligation:

 

 

 

 

 

 

 

 

 

Discount rate

 

 

4.05

%

 

 

3.58

%

 

 

4.27

%

Rate of compensation increase

 

 

2.50

 

 

 

2.50

 

 

 

2.50

 

Weighted-average assumptions to determine periodic benefit costs:

 

 

 

 

 

 

 

 

 

Discount rate - service cost

 

 

3.64

 

 

 

4.23

 

 

 

3.95

 

Discount rate - interest cost

 

 

3.47

 

 

 

4.29

 

 

 

3.91

 

Rate of compensation increase

 

 

2.50

 

 

 

2.50

 

 

 

2.50