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Leases (Tables)
12 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Components of Company's Lease Costs

The components of the Company’s lease costs were as follows:

 

 

Years Ended September 30

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(In millions)

 

Operating lease cost

 

$

25

 

 

$

25

 

 

$

26

 

Finance lease cost

 

 

8

 

 

 

5

 

 

 

6

 

Total lease cost

 

$

33

 

 

$

30

 

 

$

32

 

Supplemental Cash Flow Information Related to Company's Leases

Supplemental cash flow information related to the Company’s leases was as follows:

 

 

Years Ended September 30

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(In millions)

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

17

 

 

$

18

 

 

$

18

 

Operating cash flows from finance leases

 

 

2

 

 

 

1

 

 

 

2

 

Financing cash flows from finance leases

 

 

6

 

 

 

4

 

 

 

3

 

Right-of-use assets obtained in exchange for new operating lease
   liabilities

 

$

8

 

 

$

9

 

 

$

11

 

Right-of-use assets obtained in exchange for new finance lease
   liabilities

 

$

11

 

 

$

2

 

 

$

4

 

Supplemental Balance Sheet Information Related to Company's Leases

Supplemental balance sheet information related to the Company’s leases was as follows:

Description

 

Balance Sheet Classification

 

September 30, 2025

 

 

September 30, 2024

 

 

 

 

 

(In millions)

 

Lease ROU assets:

 

 

 

 

 

 

 

 

Operating

 

Other assets

 

$

101

 

 

$

104

 

Finance

 

Net property, plant and equipment

 

 

26

 

 

 

37

 

Total lease ROU assets

 

 

 

$

127

 

 

$

141

 

 

 

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating

 

Accounts payable and accrued liabilities

 

$

13

 

 

$

14

 

Finance

 

Current portion of long-term debt

 

 

6

 

 

 

4

 

Long-term:

 

 

 

 

 

 

 

 

Operating

 

Other liabilities

 

 

85

 

 

 

88

 

Finance

 

Long-term debt

 

 

24

 

 

 

23

 

Total lease liabilities

 

 

 

$

128

 

 

$

129

 

Weighed Average Remaining Lease Term and Discount Rates

The following table presents the weighted-average remaining lease term and discount rates for the Company’s leases:

Description

 

September 30, 2025

 

 

September 30, 2024

 

Weighted-average remaining lease term (years):

 

 

 

 

 

 

Operating leases

 

 

21

 

 

 

21

 

Finance leases

 

 

7

 

 

 

9

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

3.22

%

 

 

3.11

%

Finance leases

 

 

4.69

%

 

 

5.09

%

 

Future Minimum Lease Payments Under Non-cancelable Operating and Finance Leases

Future minimum lease payments under non-cancelable operating and finance leases as of September 30, 2025 were as follows:

Years Ending September 30

 

Operating leases

 

 

Finance leases

 

 

 

(In millions)

 

2026

 

$

17

 

 

$

7

 

2027

 

 

14

 

 

 

5

 

2028

 

 

11

 

 

 

5

 

2029

 

 

10

 

 

 

3

 

2030

 

 

10

 

 

 

3

 

2031 and thereafter

 

 

65

 

 

 

11

 

Total lease payments

 

 

127

 

 

 

34

 

Less: imputed interest

 

 

29

 

 

 

4

 

Total

 

$

98

 

 

$

30