Business Restructuring Charges

12 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

The Company incurred restructuring costs, primarily in connection with the Company's simplification and other cost saving initiatives that are part of its strategic objectives, which were largely recorded within Acquisition-related integration and restructuring expense on its consolidated statements of income. 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 in 2023, 2022 and 2021 was as follows:


(Millions of dollars)	Employee Termination		Other (a)		Total
Balance at September 30, 2020	$	32	$	4	$	36
Charged to expense	14		30		44
Cash payments	(31)		(25)		(56)
Non-cash settlements	—		(4)		(4)

Balance at September 30, 2021	$	14	$	5	$	19
Charged to expense	21		103		123
Cash payments	(11)		(71)		(82)
Non-cash settlements	—		(25)		(25)
Other adjustments	—		(1)		(1)
Balance at September 30, 2022	$	24	$	11	$	35
Charged to expense	117		122		239
Cash payments	(62)		(103)		(165)
Non-cash settlements	—		(30)		(30)
Other adjustments	—		1		1
Balance at September 30, 2023	$	79	$	1	$	80

(a)Expenses primarily relate 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.