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Supplemental Financial Information
 12 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Other Income (Expense), Net
(Millions of dollars)
2019
 
2018
 
2017
Royalty income (a)
$
64

 
$
51

 
$
—

Hurricane-related insurance proceeds
35

 
—

 
—

Vyaire Medical-related amounts and other income from divestitures (b)
6

 
288

 
(3
)
Other investment gains/losses
18

 
8

 
3

Net pension and postretirement benefit cost (c)
(2
)
 
(13
)
 
(44
)
Losses on undesignated foreign exchange derivatives, net
(23
)
 
(14
)
 
(11
)
Losses on debt extinguishment (d)
(59
)
 
(16
)
 
(73
)
Gains on previously held investments (e)
—

 
—

 
24

Other
4

 
—

 
3

Other income (expense), net
$
43

 
$
305

 
$
(101
)

(a)
Primarily represents the royalty income stream acquired in the Bard transaction, net of non-cash purchase accounting amortization. The royalty income stream was previously reported by Bard as revenues.
(b)
The amount in 2019 represents income from transition services agreements (“TSA”) related to the Company’s 2018 and 2017 divestitures.  The amount in 2018 includes the gain on the sale of the remaining ownership interest in its former Respiratory Solutions business and subsequent TSA income, net of the Company's share of equity investee results in the business.  The amount in 2017 represents the Company’s share of equity investee results in the former business, net of TSA income.  Additional disclosures regarding the Company’s divestiture transactions are provided in Note 11.
(c)
Represents all components of the Company’s net periodic pension and postretirement benefit costs, aside from service cost, as a result of the adoption of an accounting standard as further discussed in Note 2.
(d)
Represents losses recognized upon the extinguishment of certain senior notes, as further discussed in Note 16.
(e)
Represents an acquisition-date accounting gain related to a previously-held equity method investment in an entity the Company acquired.

Trade Receivables, Net
The amounts recognized in 2019, 2018 and 2017 relating to allowances for doubtful accounts and cash discounts, which are netted against trade receivables, are provided in the following table:
(Millions of dollars)
Allowance for
Doubtful
Accounts
 
Allowance for
Cash
Discounts
 
Total
Balance at September 30, 2016
$
61

  
$
6

 
$
67

Additions charged to costs and expenses
25

  
43

 
68

Deductions and other
(32
)
(a) 
(45
)
 
(76
)
Balance at September 30, 2017
$
54

  
$
4

 
$
58

Additions charged to costs and expenses
31

  
58

 
89

Deductions and other
(11
)
(a) 
(50
)
 
(61
)
Balance at September 30, 2018
$
75

  
$
12

 
$
86

Additions charged to costs and expenses
31

  
94

 
125

Deductions and other
(31
)
(a) 
(92
)
 
(123
)
Balance at September 30, 2019
$
75

  
$
13

 
$
88

(a)
Accounts written off.
Inventories
Inventories at September 30 consisted of:
(Millions of dollars)
2019
 
2018
Materials
$
544

 
$
510

Work in process
318

 
297

Finished products
1,717

 
1,644

 
$
2,579

 
$
2,451


Property, Plant and Equipment, Net
Property, Plant and Equipment, Net at September 30 consisted of:
(Millions of dollars)
2019
 
2018
Land
$
164

 
$
173

Buildings
2,842

 
2,724

Machinery, equipment and fixtures
7,932

 
7,405

Leasehold improvements
190

 
182

 
11,128

 
10,485

Less accumulated depreciation and amortization
5,469

 
5,111

 
$
5,659

 
$
5,375