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Benefit Plans (Tables)
 12 Months Ended
Sep. 30, 2013
Net Pension and Other Postretirement Cost

Net pension and other postretirement cost for the years ended September 30 included the following components:

 

     Pension Plans     Other Postretirement Benefits  
     2013     2012     2011     2013     2012     2011  

Service cost

    $ 84      $ 75      $ 89      $ 6      $ 6      $ 6   

Interest cost

      87        91        93        10        13        13   

Expected return on plan assets

      (116 )      (104 )      (103 )      —        —        —   

Amortization of prior service credit

      (13 )      (11 )      (1 )      (1 )      (1 )      (1 ) 

Amortization of loss

      75        56        56        4        5        4   

Curtailment/settlement loss

      6        20        1        —        (1 )      —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net pension and postretirement cost

    $ 123      $ 128      $ 134      $ 19      $ 21      $ 23   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Change in Benefit Obligation, Change in Fair Value of Plan Assets

The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Consolidated Balance Sheets for these plans were as follows:

 

     Pension Plans     Other  Postretirement
Benefits		  
     2013     2012         2013             2012      

Change in benefit obligation:

         

Beginning obligation

    $ 2,308      $ 1,996      $ 267      $ 269   

Service cost

      84        75        6        6   

Interest cost

      87        91        10        13   

Plan amendments

      (23 )      (124 )      —        (5 ) 

Benefits paid

      (153 )      (124 )      (28 )      (27 ) 

Actuarial (gain) loss

      (217 )      439        (21 )      5   

Settlements

      (13 )      (45 )      —        —   

Other, includes translation

      5        —        8        6   
  

 

 

    

 

 

    

 

 

    

 

 

  

Benefit obligation at September 30

    $ 2,076      $ 2,308      $ 243      $ 267   
  

 

 

    

 

 

    

 

 

    

 

 

  

Change in fair value of plan assets:

         

Beginning fair value

    $ 1,573      $ 1,353      $ —      $ —   

Actual return on plan assets

      200        223        —        —   

Employer contribution

      174        166        —        —   

Benefits paid

      (153 )      (124 )      —        —   

Settlements

      (13 )      (45 )      —        —   

Other, includes translation

      3        1        —        —   
  

 

 

    

 

 

    

 

 

    

 

 

  

Plan assets at September 30

    $ 1,785      $ 1,573      $ —      $ —   
  

 

 

    

 

 

    

 

 

    

 

 

  

Funded Status at September 30:

         

Unfunded benefit obligation

    $ (292 )    $ (734 )    $ (243 )    $ (267 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Amounts recognized in the Consolidated Balance Sheets at September 30:

         

Other

    $ 12      $ —      $ —      $ —   

Salaries, wages and related items

      (6 )      (6 )      (18 )      (18 ) 

Long-term Employee Benefit Obligations

      (299 )      (728 )      (225 )      (250 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net amount recognized

    $ (292 )    $ (734 )    $ (243 )    $ (267 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Amounts recognized in Accumulated other comprehensive (loss) income before income taxes at September 30:

         

Net transition asset

    $ —      $ —      $ —      $ —   

Prior service credit

      133        122        9        10   

Net actuarial loss

      (774 )      (1,153 )      (46 )      (71 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net amount recognized

    $ (641 )    $ (1,030 )    $ (37 )    $ (61 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
Pension Plans with Accumulated Benefit Obligations

Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consist of the following at September 30:

 

     Accumulated Benefit
Obligation Exceeds the
Fair Value of  Plan Assets		      Projected Benefit
Obligation Exceeds the
Fair Value of Plan  Assets		  
          2013                2012                2013            2012       

Projected benefit obligation

    $ 1,551       $ 2,055       $ 1,855       $ 2,307   

Accumulated benefit obligation

    $ 1,525       $ 2,000         

Fair value of plan assets

    $ 1,285       $ 1,364       $ 1,551       $ 1,573   
Weighted Average Assumptions Determining Pension Plan

The weighted average assumptions used in determining pension plan information were as follows:

 

     2013     2012     2011  

Net Cost

       

Discount rate:

       

U.S. plans(A)

      3.90 %      4.90 %(B)      5.20 % 

Foreign plans

      3.94        5.26        4.68   

Expected return on plan assets:

       

U.S. plans

      7.75        7.75        8.00   

Foreign plans

      5.68        6.06        6.31   

Rate of compensation increase:

       

U.S. plans(A)

      4.25        4.25        4.50   

Foreign plans

      3.28        3.61        3.56   

Benefit Obligation

       

Discount rate:

       

U.S. plans

      4.95 (C)      3.90 (A)      4.90 (A) 

Foreign plans

      3.87        3.94        5.26   

Rate of compensation increase:

       

U.S. plans(A)

      4.25        4.25        4.25   

Foreign plans

      2.46        3.28        3.61   

 

 

(A) Also used to determine other postretirement and postemployment benefit plan information.

 

(B) On November 30, 2011, the Company remeasured its U.S. defined benefit pension plan based upon a 5.10% discount rate compared to the discount rate of 4.90% used on September 30, 2011. All other U.S. plans remained at 4.90%.

 

(C) The discount rates used to determine other postretirement and postemployment benefit plan information were 4.40% and 4.00%, respectively.
Expected Benefit Payments

Expected benefit payments are as follows:

 

     Pension
Plans		      Other
Postretirement
Benefits		  

2014

    $ 134       $ 18   

2015

      142         18   

2016

      146         18   

2017

      150         18   

2018

      155         18   

2019-2023

      840         90   
Fair Value Measurements of U.S. Plan Assets

The following table provides the fair value measurements of U.S. plan assets, as well as the measurement techniques and inputs utilized to measure fair value of these assets, at September 30, 2013 and 2012. The categorization of fund investments is based upon the categorization of these funds’ underlying assets.

 

     Total U.S.
Plan Asset
Balances at
September 30,
2013		      Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		      Significant
Other
Observable
Inputs (Level 2)		      Significant
Unobservable
Inputs (Level 3)		  

Fixed Income:

            

Mortgage and asset-backed securities

    $ 174       $         —       $ 174       $         —   

Corporate bonds

      217         102         115         —   

Government and agency-U.S.

      142         97         46         —   

Government and agency-Foreign

      122         74         49         —   

Equity securities

      384         62         322         —   

Cash and cash equivalents

      3         3         —         —   

Other

      193         97         84         12   
  

 

 

     

 

 

     

 

 

     

 

 

  

Fair value of plan assets

    $ 1,235       $ 435       $ 788       $ 12   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

     Total U.S.
Plan Asset
Balances at
September 30,
2012		      Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		      Significant
Other
Observable
Inputs (Level 2)		      Significant
Unobservable
Inputs (Level 3)		  

Fixed Income:

            

Mortgage and asset-backed securities

    $ 137       $ —       $ 137       $         —   

Corporate bonds

      107         —         107         —   

Government and agency-U.S.

      75         57         17         —   

Government and agency-Foreign

      6         —         6         —   

Other

      9         —         9         —   

Equity securities

      724         640         85         —   

Cash and cash equivalents

      49         49         —         —   
  

 

 

     

 

 

     

 

 

     

 

 

  

Fair value of plan assets

    $ 1,107       $ 746       $ 361       $ —   
  

 

 

     

 

 

     

 

 

     

 

 

  
Changes in Fair Value of Foreign Pension Assets Measured Using Level 3 Inputs

The following table summarizes the changes, for the years ended September 30, 2013 and 2012, in the fair value of foreign pension assets measured using Level 3 inputs:

 

     Real
Estate		     Insurance
Contracts		     Total
Assets		  

Balance at September 30, 2011

    $ 11      $ 78      $ 89   

Actual return on plan assets:

       

Relating to assets held at September 30, 2011

      —        3        3   

Purchases, sales and settlements, net

      (2 )      1        —   

Transfers in (out) from other categories

      (6 )      —        (6 ) 

Exchange rate changes

      —        (3 )      (3 ) 
  

 

 

    

 

 

    

 

 

  

Balance at September 30, 2012

    $ 3      $ 80      $ 83   

Actual return on plan assets:

       

Relating to assets held at September 30, 2012

      —        (1 )      (1 ) 

Purchases, sales and settlements, net

      (2 )      6        4   

Transfers in (out) from other categories

      —        (5 )      (5 ) 

Exchange rate changes

      —        1        1   
  

 

 

    

 

 

    

 

 

  

Balance at September 30, 2013

    $ 1      $ 81      $ 83   
  

 

 

    

 

 

    

 

 

  
Fair Value Measurements of Foreign Plan Assets

The following table provides the fair value measurements of foreign plan assets, as well as the measurement techniques and inputs utilized to measure fair value of these assets, at September 30, 2013 and 2012.

 

     Total Foreign
Plan Asset
Balances at
September 30,
2013		      Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		      Significant
Other
Observable
Inputs (Level 2)		      Significant
Unobservable
Inputs (Level 3)		  

Fixed Income:

            

Corporate bonds

    $ 46       $ —       $ 46       $ —   

Government and agency-U.S.

      3         3         —         —   

Government and agency-Foreign

      82         47         36         —   

Equity securities

      309         294         14         —   

Cash and cash equivalents

      17         17         —         —   

Real estate

      11         —         9         1   

Insurance contracts

      81         —         —         81   
  

 

 

     

 

 

     

 

 

     

 

 

  

Fair value of plan assets

    $ 549       $ 361       $ 105       $ 83   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

     Total Foreign
Plan Asset
Balances at
September 30,
2012		      Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		      Significant
Other
Observable
Inputs (Level 2)		      Significant
Unobservable
Inputs (Level 3)		  

Fixed Income:

            

Corporate bonds

    $ 37       $ —       $ 37       $ —   

Government and agency-U.S.

      3         3         —         —   

Government and agency-Foreign

      76         35         40         —   

Equity securities

      244         230         15         —   

Cash and cash equivalents

      17         17         —         —   

Real estate

      9         —         6         3   

Insurance contracts

      80         —         —         80   
  

 

 

     

 

 

     

 

 

     

 

 

  

Fair value of plan assets

    $ 466       $ 286       $ 98       $ 83   
  

 

 

     

 

 

     

 

 

     

 

 

  
Postemployment Benefit Costs

Postemployment benefit costs for the years ended September 30 included the following components:

 

     2013     2012     2011  

Service cost

    $ 22      $ 16      $ 13   

Interest cost

      6        6        5   

Amortization of prior service credit

      (2 )      (2 )      (2 ) 

Amortization of loss

      21        16        10   
  

 

 

    

 

 

    

 

 

  

Net postemployment benefit cost

    $ 47      $ 36      $ 27   
  

 

 

    

 

 

    

 

 

  
Changes in Benefit Obligation for Postemployment Benefits

The changes in benefit obligation for these postemployment benefits were as follows:

 

     Postemployment benefits  
         2013             2012      

Change in benefit obligation:

     

Beginning obligation

    $ 163      $ 138   

Service cost

      22        16   

Interest cost

      6        6   

Benefits paid

      (29 )      (52 ) 

Actuarial loss

      25        55   
  

 

 

    

 

 

  

Benefit obligation at September 30

    $ 186      $ 163   
  

 

 

    

 

 

  
U.S. Plans [Member]
  
Changes in Fair Value of Foreign Pension Assets Measured Using Level 3 Inputs

The following table summarizes the changes, for the year ended September 30, 2013, in the fair value of U.S. pension assets measured using Level 3 inputs:

 

     Other
(Hedge
Funds)		  

Balance at September 30, 2012

    $ —   

Purchases, sales and settlements, net

      12   
  

 

 

  

Balance at September 30, 2013

    $ 12