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Financial Instruments and Fair Value Measurements (Tables)
 6 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Fair Values of Financial Instruments
The fair values of financial instruments, including those not recognized on the statement of financial position at fair value, carried at March 31, 2017 and September 30, 2016 are classified in accordance with the fair value hierarchy in the following tables:
 
 
 
Basis of Fair Value Measurement
(Millions of dollars)
March 31, 2017
Total
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
Assets
 
 
 
 
 
 
 
Institutional money market investments
$
20

 
$
20

 
$
—

 
$
—

Interest rate swaps
7

 
—

 
7

 
—

Forward exchange contracts
6

 
—

 
6

 
—

Total Assets
$
32

 
$
20

 
$
12

 
$
—

Liabilities
 
 
 
 
 
 
 
Forward exchange contracts
$
5

 
$
—

 
$
5

 
$
—

Interest rate swaps
4

 
—

 
4

 
—

Contingent consideration liabilities
63

 
—

 
—

 
63

Total Liabilities
$
71

 
$
—

 
$
8

 
$
63

 
 
 
Basis of Fair Value Measurement
(Millions of dollars)
September 30,
2016
Total
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
Assets
 
 
 
 
 
 
 
Institutional money market investments
$
224

 
$
224

 
$
—

 
$
—

Interest rate swaps
23

 
—

 
23

 
—

Forward exchange contracts
3

 
—

 
3

 
—

Total Assets
$
249

 
$
224

 
$
25

 
$
—

Liabilities
 
 
 
 
 
 
 
Forward exchange contracts
$
13

 
$
—

 
$
13

 
$
—

Interest rate swaps
18

 
—

 
18

 
—

Contingent consideration liabilities
54

 
—

 
—

 
54

Total Liabilities
$
86

 
$
—

 
$
31

 
$
54