Revenue Recognition (Tables)

12 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

The following table presents the Company's revenues disaggregated by segment and by products and systems versus services revenue for the years ended September 30, 2021 and 2020 (in millions):


	Year Ended September 30,
	2021						2020
	Products & Systems		Services		Total		Products & Systems		Services		Total

Building Solutions North America	$	5,312	$	3,373	$	8,685	$	5,371	$	3,234	$	8,605
Building Solutions EMEA/LA	1,772		1,955		3,727		1,644		1,796		3,440
Building Solutions Asia Pacific	1,516		1,138		2,654		1,369		1,034		2,403
Global Products	8,602		—		8,602		7,869		—		7,869

Total	$	17,202	$	6,466	$	23,668	$	16,253	$	6,064	$	22,317

The following table presents further disaggregation of Global Products segment revenues by product type for the years ended September 30, 2021 and 2020 (in millions):


	Year Ended September 30,
	2021		2020
HVAC	$	6,173	$	5,685
Fire & Security	2,192		1,957
Industrial Refrigeration	237		227
Total	$	8,602	$	7,869

Contract with Customer, Asset and Liability

The following table presents the location and amount of contract balances in the Company's consolidated statements of financial position (in millions):


		September 30,
	Location of contract balances	2021		2020
Contract assets - current	Accounts receivable - net	$	1,718	$	1,395
Contract assets - noncurrent	Other noncurrent assets	99		104
Contract liabilities - current	Deferred revenue	(1,637)		(1,435)
Contract liabilities - noncurrent	Other noncurrent liabilities	(269)		(245)
Total		$	(89)	$	(181)

Capitalized Contract Cost

The following table presents the location and amount of costs to obtain or fulfill a contract recorded in the Company's consolidated statements of financial position (in millions):


	September 30,
	2021		2020
Other current assets	$	149	$	119
Other noncurrent assets	117		104
Total	$	266	$	223