Business Restructuring Charges

12 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

In connection with the Company's 2018 acquisition of Bard, and simplification and other cost saving initiatives, the Company incurred restructuring costs which were largely recorded within Acquisitions and other restructurings on its consolidated statements of income. The simplification and other costs saving initiatives are focused on reducing complexity, enhancing product quality, refining customer experience, and improving cost efficiency across all of the Company’s segments. Restructuring liability activity in 2021, 2020 and 2019 was as follows:


	Employee Termination				Other				Total
(Millions of dollars)	Bard		Other Initiatives (a)		Bard (b)		Other Initiatives (a)		Bard		Other Initiatives (a)
Balance at September 30, 2018	$	33	$	23	$	—	$	4	$	33	$	27
Charged to expense	23		29		95		33		118		62
Cash payments	(34)		(21)		(5)		(31)		(39)		(52)
Non-cash settlements	—		—		(89)		(3)		(89)		(3)

Balance at September 30, 2019	$	22	$	31	$	1	$	3	$	23	$	34
Charged to expense	7		13		42		33		49		46
Cash payments	(14)		(27)		(18)		(31)		(32)		(58)
Non-cash settlements	—		—		(24)		(2)		(24)		(2)

Balance at September 30, 2020	$	15	$	17	$	1	$	3	$	16	$	20
Charged to expense	1		13		2		34		3		47
Cash payments	(5)		(26)		(2)		(29)		(7)		(55)
Non-cash settlements	—		—		—		(4)		—		(4)
Other adjustments	(1)		—		—		—		(1)		—
Balance at September 30, 2021	$	10	$	4	$	1	$	4	$	11	$	8

(a)Restructuring costs in 2021, 2020 and 2019 included expenses primarily related to simplification and other cost saving initiatives.

(b)Expenses in 2020 and 2019 largely represented the costs associated with the conversion of certain pre-acquisition equity awards of Bard which, to encourage post-acquisition employee retention, were converted to BD equity awards with substantially the same terms and conditions as were applicable under such Bard awards immediately prior to the acquisition date.