Employee Benefits

12 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Employee Benefits

Note 18 — Employee Benefits

The Company accrues severance pay in according with law and certain employment procedures, mainly for the employees of its Israeli operations on the basis of the latest monthly salary paid to these employees and the length of time that they have worked for the Israeli operations. This severance pay liability amounted to $301,561 and $298,234 as of September 30, 2024 and 2023, respectively, and is included as accrued employee costs in other noncurrent liabilities. This liability is partially funded by amounts on deposit with insurance companies that totaled $204,658 and $211,285 as of September 30, 2024 and 2023, respectively, and are included in other noncurrent assets. These accrued severance expenses were $39,772, $37,207 and $52,768 for fiscal years 2024, 2023 and 2022, respectively.

The Company sponsors defined contribution plans covering certain employees around the world. The plans primarily provide for Company matching contributions based upon a percentage of the employees’ contributions. The Company’s contributions in fiscal years 2024, 2023 and 2022 under such plans were not material compared to total operating expenses.