Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Commodity Hedge Contracts

The Company had the following outstanding contracts to hedge forecasted commodity purchases:

		Volume Outstanding as of
Commodity	Units	September 30, 2017	September 30, 2016
Copper	Metric Tons	1,962	2,653
Polypropylene	Metric Tons	19,563	—
Lead	Metric Tons	24,705	5,185
Aluminum	Metric Tons	2,169	2,620
Tin	Metric Tons	1,715	185

Location and Fair Values of Derivative Instruments and Hedging Activities

The following table presents the location and fair values of derivative instruments and hedging activities included in the Company’s consolidated statements of financial position (in millions):

	Derivatives and Hedging Activities Designated as Hedging Instruments under ASC 815				Derivatives and Hedging Activities Not Designated as Hedging Instruments under ASC 815
	September 30, 2017		September 30, 2016		September 30, 2017		September 30, 2016
Other current assets
Foreign currency exchange derivatives	$	27	$	41	$	—	$	49
Commodity derivatives	9		4		—		—
Other noncurrent assets
Interest rate swaps	—		1		—		—
Equity swap	—		—		55		—
Total assets	$	36	$	46	$	55	$	49
Other current liabilities
Foreign currency exchange derivatives	$	21	$	48	$	25	$	18
Commodity derivatives	1		—		—		—
Liabilities held for sale
Foreign currency exchange derivatives	—		—		—		5
Current portion of long-term debt
Fixed rate debt swapped to floating	—		551		—		—
Long-term debt
Foreign currency denominated debt	2,058		938		—		—
Fixed rate debt swapped to floating	—		301		—		—
Noncurrent liabilities held for sale
Foreign currency denominated debt	—		1,119		—		—
Total liabilities	$	2,080	$	2,957	$	25	$	23

Derivative Assets and Liabilities, Eligible for Offsetting [Table Text Block]

The gross and net amounts of derivative assets and liabilities were as follows (in millions):

	Fair Value of Assets						Fair Value of Liabilities
	September 30, 2017			September 30, 2016			September 30, 2017			September 30, 2016
Gross amount recognized	$	91		$	95		$	2,105		$	2,980
Gross amount eligible for offsetting	(16		)	(21		)	(16		)	(21		)
Net amount	$	75		$	74		$	2,089		$	2,959

Location and Amount of Gains and Losses Gross of Tax on Derivative Instruments and Related Hedge Items

The following table presents the effective portion of pre-tax gains (losses) recorded in other comprehensive income (loss) related to cash flow hedges for the fiscal years ended September 30, 2017, 2016 and 2015 (in millions):

Derivatives in ASC 815 Cash Flow Hedging Relationships	Year Ended September 30,
	2017			2016			2015
Foreign currency exchange derivatives	$	(1	)	$	(18	)	$	(5	)
Commodity derivatives	14			3			(19		)
Total	$	13		$	(15	)	$	(24	)

The following table presents the location and amount of the effective portion of pre-tax gains (losses) on cash flow hedges reclassified from AOCI into the Company’s consolidated statements of income for the fiscal years ended September 30, 2017, 2016 and 2015 (in millions):

Derivatives in ASC 815 Cash Flow Hedging Relationships	Location of Gain (Loss) Recognized in Income on Derivative	Year Ended September 30,
		2017		2016			2015
Foreign currency exchange derivatives	Cost of sales	$	25	$	9		$	25
Foreign currency exchange derivatives	Income (loss) from discontinued operations	—		(30		)	(24		)
Commodity derivatives	Cost of sales	8		(12		)	(11		)
Forward treasury locks	Net financing charges	—		$	1		$	1
Total		$	33	$	(32	)	$	(9	)

The following table presents the location and amount of pre-tax gains (losses) on fair value hedges recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2017, 2016 and 2015 (in millions):

Derivatives in ASC 815 Fair Value Hedging Relationships	Location of Gain (Loss) Recognized in Income on Derivative	Year Ended September 30,
		2017			2016			2015
Interest rate swap	Net financing charges	$	(1	)	$	(5	)	$	7
Fixed rate debt swapped to floating	Net financing charges	2			5			(7		)
Total		$	1		$	—		$	—

The following table presents the location and amount of pre-tax gains (losses) on derivatives not designated as hedging instruments recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2017, 2016 and 2015 (in millions):

Derivatives Not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) Recognized in Income on Derivative	Year Ended September 30,
		2017			2016			2015
Foreign currency exchange derivatives	Cost of sales	$	(1	)	$	(20	)	$	2
Foreign currency exchange derivatives	Net financing charges	44			21			(37		)
Foreign currency exchange derivatives	Income tax provision	(3		)	4			—
Foreign currency exchange derivatives	Income (loss) from discontinued operations	5			(30		)	20
Equity swap	Selling, general and administrative	(3		)	14			(9		)
Total		$	42		$	(11	)	$	(24	)