Shareholders' Equity (Tables)

9 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of Shareholders Equity

Changes in certain components of shareholders' equity for the first three quarters of fiscal years 2020 and 2019 were as follows:

	Common Stock  Issued at Par Value		Capital in Excess of Par Value		Retained Earnings		Deferred Compensation		Treasury Stock
(Millions of dollars)									Shares (in thousands)	Amount
Balance at September 30, 2019	$	347	$	16,270	$	12,913	$	23	(76,260)	$	(6,190)
Net income	—		—		278		—		—	—
Common dividends ($0.79 per share)	—		—		(215)		—		—	—
Preferred dividends	—		—		(38)		—		—	—
Common stock issued for share-based compensation and other plans, net	—		(32)		—		1		758	(38)
Share-based compensation	—		82		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		(12)	—
Balance at December 31, 2019	$	347	$	16,320	$	12,938	$	24	(75,514)	$	(6,228)
Net income	—		—		183		—		—	—
Common dividends ($0.79 per share)	—		—		(215)		—		—	—
Preferred dividends	—		—		(38)		—		—	—
Common stock issued for share-based compensation and other plans, net	—		(91)		—		(1)		573	70
Share-based compensation	—		58		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		30	—
Balance at March 31, 2020	$	347	$	16,288	$	12,868	$	23	(74,911)	$	(6,158)
Net income	—		—		286		—		—	—
Common dividends ($0.79 per share)	—		—		(229)		—		—	—
Preferred dividends	—		—		(9)		—		—	—
Common stock issued for:
Preferred shares converted to common shares	12		(9)		—		—		—	—
Public equity offerings	6		2,909		—		—		—	—
Share-based compensation and other plans, net	—		(12)		—		—		127	13
Share-based compensation	—		52		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		13	—
Balance at June 30, 2020	$	365	$	19,228	$	12,916	$	23	(74,771)	$	(6,145)

	Common Stock  Issued at Par Value		Capital in Excess of Par Value		Retained Earnings		Deferred Compensation		Treasury Stock
(Millions of dollars)									Shares (in thousands)	Amount
Balance at September 30, 2018	$	347	$	16,179	$	12,596	$	22	(78,463)	$	(6,243)
Net income	—		—		599		—		—	—
Common dividends ($0.77 per share)	—		—		(207)		—		—	—
Preferred dividends	—		—		(38)		—		—	—
Common stock issued for share-based compensation and other plans, net	—		(97)		—		2		851	9
Share-based compensation	—		92		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		(12)	—
Effect of change in accounting principles	—		—		68		—		—	—
Balance at December 31, 2018	$	347	$	16,174	$	13,018	$	24	(77,624)	$	(6,235)
Net income	—		—		20		—		—	—
Common dividends ($0.77 per share)	—		—		(208)		—		—	—
Preferred dividends	—		—		(38)		—		—	—
Common stock issued for share-based compensation and other plans, net	—		(57)		(1)		(1)		618	42
Share-based compensation	—		60		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		50	—
Balance at March 31, 2019	$	347	$	16,177	$	12,792	$	23	(76,955)	$	(6,192)
Net income	—		—		451		—		—	—
Common dividends ($0.77 per share)	—		—		(208)		—		—	—
Preferred dividends	—		—		(38)		—		—	—
Common stock issued for share-based compensation and other plans, net	—		(6)		—		—		219	(8)
Share-based compensation	—		56		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		4	—
Balance at June 30, 2019	$	347	$	16,227	$	12,997	$	23	(76,733)	$	(6,201)

(a)Common stock held in trusts represents rabbi trusts in connection with deferred compensation under the Company’s employee salary and bonus deferral plan and directors’ deferral plan.

Schedule of Accumulated Other Comprehensive Income (Loss)

The components and changes of Accumulated other comprehensive income (loss) for the first three quarters of fiscal years 2020 and 2019 were as follows:

(Millions of dollars)	Total		Foreign Currency Translation		Benefit Plans		Cash Flow Hedges
Balance at September 30, 2019	$	(2,283)	$	(1,256)	$	(1,005)	$	(23)
Other comprehensive income before reclassifications, net of taxes	63		26		—		37
Amounts reclassified into income, net of taxes	19		—		17		2
Balance at December 31, 2019	$	(2,202)	$	(1,230)	$	(988)	$	16
Other comprehensive loss before reclassifications, net of taxes	(237)		(125)		—		(111)
Amounts reclassified into income, net of taxes	19		—		17		2
Balance at March 31, 2020	$	(2,419)	$	(1,355)	$	(971)	$	(93)
Other comprehensive income before reclassifications, net of taxes	34		34		—		—
Amounts reclassified into income, net of taxes	19		—		17		2
Balance at June 30, 2020	$	(2,367)	$	(1,321)	$	(955)	$	(91)

(Millions of dollars)	Total		Foreign Currency Translation		Benefit Plans		Cash Flow Hedges
Balance at September 30, 2018	$	(1,909)	$	(1,162)	$	(729)	$	(17)
Other comprehensive (loss) income before reclassifications, net of taxes	(32)		(35)		3		(1)
Amounts reclassified into income, net of taxes	14		—		13		1
Balance at December 31, 2018	$	(1,927)	$	(1,197)	$	(714)	$	(16)
Other comprehensive income (loss) before reclassifications, net of taxes	74		76		—		(2)
Amounts reclassified into income, net of taxes	14		—		13		1
Balance at March 31, 2019	$	(1,839)	$	(1,121)	$	(701)	$	(17)
Other comprehensive loss before reclassifications, net of taxes	(68)		(68)		—		—
Amounts reclassified into income, net of taxes	10		—		12		(2)
Balance at June 30, 2019	$	(1,897)	$	(1,189)	$	(689)	$	(19)