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Revenue (Tables) | 3 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue Recognition Time | The amount of revenue recognized as point in time or over time was as follows:
|  | Three Months Ended December 31, 2024 |  |  | Three Months Ended December 31, 2023 |
|  | Aerospace |  |  | Industrial |  |  | Consolidated |  |  | Aerospace |  |  | Industrial |  |  | Consolidated |
Point in time |  | $ | 191,985 |  |  | $ | 155,068 |  |  | $ | 347,053 |  |  | $ | 188,503 |  |  | $ | 186,630 |  |  | $ | 375,133 |
Over time |  |  | 301,897 |  |  |  | 123,775 |  |  |  | 425,672 |  |  |  | 272,253 |  |  |  | 139,344 |  |  |  | 411,597 |
Total net sales |  | $ | 493,882 |  |  | $ | 278,843 |  |  | $ | 772,725 |  |  | $ | 460,756 |  |  | $ | 325,974 |  |  | $ | 786,730 |
Schedule of Accounts Receivable | Accounts receivable consisted of the following:
|  | December 31, 2024 |  |  | September 30, 2024 |
Billed receivables |  |  |  |  |  |
Trade accounts receivable |  | $ | 365,322 |  |  | $ | 455,831 |
Other (Chinese financial institutions) |  |  | 1,738 |  |  |  | 1,403 |
Total billed receivables |  |  | 367,060 |  |  |  | 457,234 |
Current unbilled receivables (contract assets) |  |  | 333,332 |  |  |  | 320,570 |
Total accounts receivable |  |  | 700,392 |  |  |  | 777,804 |
Less: Allowance for uncollectible amounts |  |  | (7,793 | ) |  |  | (7,738 | )
Total accounts receivable, net |  | $ | 692,599 |  |  | $ | 770,066 |
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 December 31, |
|  | 2024 |  |  | 2023 |
Balance, beginning |  | $ | 7,738 |  |  | $ | 5,847 |
Changes in estimates |  |  | 207 |  |  |  | 298 |
Write-offs |  |  | — |  |  |  | (459 | )
Other 1 |  |  | (152 | ) |  |  | 91 |
Balance, ending |  | $ | 7,793 |  |  | $ | 5,777 |
(1) Includes effects of foreign exchange rate changes during the period.
Schedule of Contract Liability | Contract liabilities consisted of the following:
|  | December 31, 2024 |  |  | September 30, 2024 |
|  | Current |  |  | Noncurrent |  |  | Current |  |  | Noncurrent |
Deferred revenue from material rights from JV formation |  | $ | 6,760 |  |  | $ | 230,962 |  |  | $ | 6,580 |  |  | $ | 232,164 |
Deferred revenue from advanced invoicing and/or prepayments from customers |  |  | 20,552 |  |  |  | 5,139 |  |  |  | 23,706 |  |  |  | 6,437 |
Liability related to customer supplied inventory |  |  | 17,163 |  |  |  | — |  |  |  | 20,563 |  |  |  | — |
Deferred revenue from material rights related to engineering and development funding |  |  | 6,042 |  |  |  | 186,356 |  |  |  | 5,942 |  |  |  | 186,008 |
Net contract liabilities |  | $ | 50,517 |  |  | $ | 422,457 |  |  | $ | 56,791 |  |  | $ | 424,609 |
Schedule of Disaggregation of Revenue | Revenue by primary market for the Aerospace reportable segment was as follows:
|  | Three Months Ended December 31, |
|  | 2024 |  |  | 2023 |
Commercial OEM |  | $ | 154,076 |  |  | $ | 171,354 |
Commercial aftermarket |  |  | 163,850 |  |  |  | 137,544 |
Defense OEM |  |  | 112,782 |  |  |  | 93,425 |
Defense aftermarket |  |  | 63,174 |  |  |  | 58,433 |
Total Aerospace segment net sales |  | $ | 493,882 |  |  | $ | 460,756 |
Revenue by primary market for the Industrial reportable segment was as follows:
|  | Three Months Ended December 31, |
|  | 2024 |  |  | 2023 |
Power generation |  | $ | 105,219 |  |  | $ | 98,106 |
Transportation |  |  | 116,606 |  |  |  | 174,469 |
Oil and gas |  |  | 57,018 |  |  |  | 53,399 |
Total Industrial segment net sales |  | $ | 278,843 |  |  | $ | 325,974 |
On April 2, 2024, The General Electric Company ("GE") split into two separate companies, GE Aerospace and GE Vernova. During fiscal year 2024, we engaged in transactions with GE prior to its split, and subsequently engaged in transactions with both GE Aerospace and GE Vernova. Sales listed with "GE" represent the legacy General Electric Company, and any sales following the split will be listed as GE Aerospace and GE Vernova as applicable. T he 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 December 31, 2024 |  | Three Months Ended December 31, 2023
Aerospace |  | RTX Corporation, GE Aerospace, The Boeing Company |  | GE, RTX Corporation, The Boeing Company
Industrial |  | Rolls-Royce PLC, GE Vernova |  | Weichai Power, Rolls-Royce PLC, Caterpillar, Inc.

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