Business Restructuring Charges

3 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

The Company incurred restructuring costs during the three months ended December 31, 2022, primarily in connection with the Company's simplification and other cost saving initiatives, which were recorded within Acquisition-related integration and restructuring expense. These 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 for the three months ended December 31, 2022 was as follows:


(Millions of dollars)	Employee Termination		Other		Total
Balance at September 30, 2022	$	24	$	11	$	35

Charged to expense	4		22		26
Cash payments	(8)		(18)		(26)
Non-cash settlements	—		(4)		(4)

Balance at December 31, 2022	$	20	$	11	$	31