Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets that are Measured at Fair Value on a Recurring Basis

The table below presents information about Woodward’s financial assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques Woodward utilized to determine such fair value as defined by the U.S. GAAP fair value hierarchy.  

	At March 31, 2022								At September 30, 2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets:
Investments in term deposits with foreign banks	$	39,201	$	—	$	—	$	39,201	$	13,187	$	—	$	—	$	13,187
Equity securities		28,302		—		—		28,302		29,714		—		—		29,714
Total financial assets	$	67,503	$	—	$	—	$	67,503	$	42,901	$	—	$	—	$	42,901
Financial liabilities:
Cross-currency interest rate swaps	$	—	$	24,724	$	—	$	24,724	$	—	$	50,185	$	—	$	50,185
Total financial liabilities	$	—	$	24,724	$	—	$	24,724	$	—	$	50,185	$	—	$	50,185

Estimated Fair Values of Financial Instruments

The estimated fair values and carrying costs of other financial instruments that are not required to be remeasured at fair value in the Condensed Consolidated Balance Sheets were as follows:

		At March 31, 2022				At September 30, 2021
	Fair Value Hierarchy Level	Estimated Fair Value		Carrying Cost		Estimated Fair Value		Carrying Cost
Assets:
Notes receivable from municipalities	2	$	10,381	$	9,940	$	11,413	$	10,193
Note receivable from sale of the renewable power systems business and other related businesses	2		6,043		6,059		6,288		6,061
Investments in short-term time deposits	2	89			87		11,587		11,580
Liabilities:
Long-term debt	2	$	740,558	$	730,410	$	812,866	$	736,706