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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 4,878 $ 4,641 $ 14,285 $ 14,109
Cost of products sold 2,778 2,574 7,816 7,709
Selling and administrative expense 1,190 1,149 3,581 3,527
Research and development expense 306 315 956 956
Acquisition-related integration and restructuring expense 70 55 175 118
Other operating (income) expense, net (13) 11 (7) 7
Total Operating Costs and Expenses 4,329 4,104 12,523 12,316
Operating Income 549 537 1,762 1,793
Interest expense (119) (99) (339) (294)
Interest income 24 5 40 9
Other income (expense), net 17 (21) 18 (45)
Income from Continuing Operations Before Income Taxes 471 421 1,481 1,463
Income tax provision 64 31 104 115
Net Income from Continuing Operations 407 390 1,376 1,348
(Loss) Income from Discontinued Operations, Net of Tax 0 (30) 0 144
Net Income 407 360 1,376 1,491
Preferred stock dividends (15) (23) (60) (68)
Net income applicable to common shareholders $ 392 $ 338 $ 1,316 $ 1,424
Income from Continuing Operations, Basic (USD per share) $ 1.37 $ 1.29 $ 4.62 $ 4.49
Income from Discontinued Operations, Basic (USD per share) 0 (0.10) 0 0.50
Basic Earnings per Share (USD per share) 1.37 1.18 4.62 4.99
Income from Continuing Operations, Diluted (USD per share) 1.36 1.28 4.60 4.45
Income from Discontinued Operations, Diluted (USD per share) 0 (0.10) 0 0.50
Diluted Earnings per Share (USD per share) 1.36 1.18 4.60 4.95
Dividends per Common Share (USD per share) $ 0.91 $ 0.87 $ 2.73 $ 2.61