The following tables show the fair value of the Company’s financial instruments that are required to be measured at fair value as of June 30, 2024 and September 30, 2023.


	Fair Value Measurements as of June 30, 2024
	(Level 1)		(Level 2)		(Level 3)		Total
	(in millions)
Other Current Assets:
Foreign Currency Forward Exchange Contracts (a)	$	—	$	1	$	—	$	1





Other noncurrent assets:


Equity investments with readily determinable fair value (c)	10		—		—		10
Other noncurrent liabilities:
Contractual obligations (b)	—		—		(1)		(1)


	Fair Value Measurements as of September 30, 2023
	(Level 1)		(Level 2)		(Level 3)		Total
	(in millions)
Other current assets:
Interest rate swap (d)	$	—	$	2	$	—	$	2
Other noncurrent assets:
Equity investment with readily determinable fair value (c)	15		—		—		15
Other noncurrent liabilities:
Contractual obligations (b)	—		—		(1)		(1)

(a)The fair value of foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay at their maturity dates for contracts involving the same currencies and maturity dates.

(b)This represents contingent consideration related to acquisitions. This is based on a probability weighted performance approach and it is adjusted to fair value on a recurring basis and any adjustments are typically included as a component of operating income in the condensed consolidated statements of operations. This amount was primarily calculated using unobservable inputs such as future earnings performance of the acquiree and the expected timing of payments.

(c)These represent equity investments with a readily determinable fair value. The Company has measured its investments to fair value in accordance with ASC 321, Investments—Equity Securities, based on quoted prices in active markets.

(d)The fair value of the interest rate swaps is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay as of each reporting period for contracts involving the same attributes and maturity dates.