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Income Taxes (Tables)
 12 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Provision for Income Taxes from Continuing Operations
The provision for income taxes from continuing operations for the years ended September 30 consisted of:
(Millions of dollars)
2015
 
2014
 
2013
Current:
 
 
 
 
 
Federal
$
50

 
$
225

 
$
177

State and local, including Puerto Rico
15

 
(11
)
 
(4
)
Foreign
252

 
217

 
179

 
$
318

 
$
431

 
$
352

Deferred:
 
 
 
 
 
Domestic
$
(238
)
 
$
(59
)
 
$
(119
)
Foreign
(37
)
 
(35
)
 
3

 
(274
)
 
(94
)
 
(116
)
 
$
44

 
$
337

 
$
236
Components of Income from Continuing Operations Before Income Taxes
The components of Income From Continuing Operations Before Income Taxes for the years ended September 30 consisted of:
(Millions of dollars)
2015
 
2014
 
2013
Domestic, including Puerto Rico
$
(408
)
 
$
532

 
$
288

Foreign
1,147

 
990

 
877

 
$
739

 
$
1,522

 
$
1,165
Summary of Gross Amounts of Unrecognized Tax Benefits
The table below summarizes the gross amounts of unrecognized tax benefits without regard to reduction in tax liabilities or additions to deferred tax assets and liabilities if such unrecognized tax benefits were settled. The Company expects no significant increases or decreases in the amount of the unrecognized tax benefits to occur within the next twelve months.
(Millions of dollars)
2015
 
2014
 
2013
Balance at October 1
$
197

 
$
146

 
$
134

Increase due to acquisitions
314

 
—

 
—

Increase due to current year tax positions
58

 
51

 
80

Increase due to prior year tax positions
17

 
9

 
25

Decreases due to prior year tax positions
—

 
—

 
—

Decrease due to settlements and lapse of statute of limitations
(11
)
 
(9
)
 
(93
)
Balance at September 30
$
575

 
$
197

 
$
146
Deferred Income Taxes
Deferred income taxes at September 30 consisted of:
 
2015
 
2014 (A)
(Millions of dollars)
Assets
 
Liabilities
 
Assets
 
Liabilities
Compensation and benefits
$
647

 
$
—

 
$
546

 
$
—

Property and equipment
—

 
156

 
—

 
196

Intangibles
—

 
2,033

 
—

 
266

Loss and credit carryforwards
538

 
—

 
274

 
—

Other
634

 
606

 
398

 
195

 
1,819

 
2,795

 
1,218

 
656

Valuation allowance
(452
)
 
—

 
(247
)
 
—

 
$
1,367

 
$
2,795

 
$
971

 
$
656


(A)Certain amounts in the prior-year presentation have been reclassified to conform to the current-year presentation.
Reconciliation of Federal Statutory Tax Rate to Company's Effective Tax Rate
A reconciliation of the federal statutory tax rate to the Company’s effective tax rate was as follows:
 
2015
 
2014
 
2013
Federal statutory tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
State and local income taxes, net of federal tax benefit
(3.6
)
 
(0.5
)
 
(1.2
)
Effect of foreign and Puerto Rico earnings and foreign tax credits
(24.5
)
 
(11.2
)
 
(9.7
)
Effect of Research Credits and Domestic Production Activities,
(1.6
)
 
(1.1
)
 
(3.8
)
Other, net
0.6

 
(0.1
)
 
(0.1
)
 
5.9
 %
 
22.1
 %
 
20.2
 %