Business Restructuring Charges

6 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

The Company incurred restructuring costs during the six months ended March 31, 2023, 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 six months ended March 31, 2023 was as follows:


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

Charged to expense	10		49		59
Cash payments	(14)		(46)		(60)
Non-cash settlements	—		(11)		(11)

Balance at March 31, 2023	$	20	$	3	$	23

(a) Expense primarily relates to other costs associated with the execution of the Company’s cost efficiency and restructuring programs, such as incremental project management costs and asset write-offs.