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Retirement Plans (Tables)
 12 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets
The following table includes information for pension plans with accumulated benefit obligations ("ABO") in excess of plan assets (in millions):
September 30,
20222021
Accumulated benefit obligation$2,004 $4,402 
Fair value of plan assets1,720 3,841 
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets
The following table includes information for pension plans with projected benefit obligations ("PBO") in excess of plan assets (in millions):
September 30,
20222021
Projected benefit obligation$2,013 $4,519 
Fair value of plan assets1,729 3,954 
Projected Benefit Payments from Plans Projected benefit payments from the plans as of September 30, 2022 are estimated as follows (in millions):
2023$266 
2024248 
2025246 
2026245 
2027243 
2028 - 20321,180 
Projected benefit payments from the plans as of September 30, 2022 are estimated as follows (in millions):
2023$11 
202410 
202510 
202610 
20279 
2028 - 203231 
Accumulated Postretirement Benefit Obligations in Excess of Plan Assets
The following table includes information for postretirement plans with accumulated postretirement benefit obligations ("APBO") in excess of plan assets (in millions):

September 30,
20222021
Accumulated postretirement benefit obligation$68 $96 
Fair value of plan assets28 38 
Plan Assets by Asset Category
The Company’s plan assets at September 30, 2022 and 2021, by asset category, are as follows (in millions):

 Fair Value Measurements Using:
Asset CategoryTotal as of September 30, 2022Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
U.S. Pension
Cash and Cash Equivalents$40 $— $40 $— 
Equity Securities
Large-Cap160 160 — — 
Small-Cap175 175 — — 
International - Developed139 139 — — 
International - Emerging39 39 — — 
Fixed Income Securities
Government217 216 1 — 
Corporate/Other804 804 — — 
Total Investments in the Fair Value Hierarchy1,574 $1,533 $41 $— 
Real Estate Investments Measured at Net Asset Value(1)
322 
Due to Broker(166)
Total Plan Assets$1,730 
Non-U.S. Pension
Cash and Cash Equivalents$150 $150 $— $— 
Equity Securities
Large-Cap45 8 37 — 
International - Developed43 12 31 — 
International - Emerging3 — 3 — 
Fixed Income Securities
Government650 50 600 — 
Corporate/Other418 277 141 — 
Hedge Fund18 — 18 — 
Real Estate9 9 — — 
Total Investments in the Fair Value Hierarchy1,336 $506 $830 $— 
Real Estate Investments Measured at Net Asset Value(1)
97 
Total Plan Assets$1,433 
Postretirement
Cash and Cash Equivalents$13 $13 $— $— 
Equity Securities
Global66 — 66 — 
Total Investments in the Fair Value Hierarchy79 $13 $66 $— 
Multi-Credit Strategy Investments Measured at Net Asset Value(1)
65 
Total Plan Assets$144 
 Fair Value Measurements Using:
Asset CategoryTotal as of September 30, 2021Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
U.S. Pension
Cash and Cash Equivalents$75 $— $75 $— 
Equity Securities
Large-Cap185 185 — — 
Small-Cap215 215 — — 
International - Developed182 182 — — 
International - Emerging34 34 — — 
Fixed Income Securities
Government286 98 188 — 
Corporate/Other1,279 1,279 — — 
Total Investments in the Fair Value Hierarchy2,256 $1,993 $263 $— 
Real Estate Investments Measured at Net Asset Value(1)
280 
Due to Broker(77)
Total Plan Assets$2,459 
Non-U.S. Pension
Cash and Cash Equivalents$151 $151 $— $— 
Large-Cap197 23 174 — 
International - Developed128 30 98 — 
International - Emerging2 — 2 — 
Fixed Income Securities
Government1,123 77 1,046 — 
Corporate/Other597 320 277 — 
Hedge Fund27 — 27 — 
Real Estate14 14 — — 
Total Investments in the Fair Value Hierarchy2,239 $615 $1,624 $— 
Real Estate Investments Measured at Net Asset Value(1)
105 
Total Plan Assets$2,344 
Postretirement
Cash and Cash Equivalents$5 $5 $— $— 
Equity Securities
Large-Cap24 — 24 — 
Small-Cap8 — 8 — 
International - Developed19 — 19 — 
International - Emerging12 — 12 — 
Fixed Income Securities
Government20 — 20 — 
Corporate/Other56 — 56 — 
Commodities17 — 17 — 
Real Estate11 — 11 — 
Total Plan Assets$172 $5 $167 $— 

(1)The fair value of certain real estate and multi-credit strategy investments do not have a readily determinable fair value and require the fund managers to independently arrive at fair value by calculating net asset value ("NAV") per share. In order to
calculate NAV per share, the fund managers value the investments using any one, or a combination of, the following methods: independent third party appraisals, discounted cash flow analysis of net cash flows projected to be generated by the investment and recent sales of comparable investments. Assumptions used to revalue the investments are updated every quarter. Due to the fact that the fund managers calculate NAV per share, the Company utilizes a practical expedient for measuring the fair value of its real estate and multi-credit strategy investments, as provided for under ASC 820, "Fair Value Measurement." In applying the practical expedient, the Company is not required to further adjust the NAV provided by the fund manager in order to determine the fair value of its investments as the NAV per share is calculated in a manner consistent with the measurement principles of ASC 946, "Financial Services - Investment Companies," and as of the Company's measurement date. The Company believes this is an appropriate methodology to obtain the fair value of these assets. For the component of the real estate portfolio under development, the investments are carried at cost until they are completed and valued by a third party appraiser. In accordance with ASU No. 2015-07, "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)," investments for which fair value is measured using the net asset value per share practical expedient are disclosed separate from the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of total plan assets to the amounts presented in the notes to consolidated financial statements.
Accumulated Benefit Obligations and Reconciliations of Changes in Projected Benefit Obligation, Changes in Plan Assets and Funded Status
The following table contains the ABO and reconciliations of the changes in the PBO, the changes in plan assets and the funded status (in millions):
 Pension BenefitsPostretirement
Benefits
 U.S. PlansNon-U.S. Plans
September 30,202220212022202120222021
Accumulated Benefit Obligation$1,822 $2,629 $1,417 $2,540 $89 $— 
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year$2,629 $3,217 $2,625 $2,726 $123 $146 
Service cost— — 20 27 1 1 
Interest cost56 47 39 32 2 2 
Plan participant contributions— — 2 3 3 3 
Actuarial gain(587)(52)(651)(103)(25)(13)
Amendments made during the year— — (1)(6)— — 
Benefits and settlements paid(276)(583)(166)(124)(14)(17)
Curtailment— — — (3)— — 
Other— — (2)(2)— — 
Currency translation adjustment— — (395)75 (1)1 
Projected benefit obligation at end of year$1,822 $2,629 $1,471 $2,625 $89 $123 
Change in Plan Assets
Fair value of plan assets at beginning of year$2,459 $2,706 $2,344 $2,213 $172 $153 
Actual return on plan assets(454)333 (459)125 (20)30 
Employer and employee contributions1 3 94 65 6 6 
Benefits paid(85)(108)(74)(79)(14)(17)
Settlement payments(191)(475)(92)(45)— — 
Other— — (2)(1)— — 
Currency translation adjustment— — (378)66 — — 
Fair value of plan assets at end of year$1,730 $2,459 $1,433 $2,344 $144 $172 
Funded status$(92)$(170)$(38)$(281)$55 $49 
Amounts recognized in the statement of financial position consist of:
Prepaid benefit cost$37 $44 $151 $79 $95 $107 
Accrued benefit liability(129)(214)(189)(360)(40)(58)
Net amount recognized$(92)$(170)$(38)$(281)$55 $49 
Weighted Average Assumptions (1)
Discount rate (2)
5.08 %2.50 %4.36 %1.80 %4.92 %2.30 %
Rate of compensation increaseN/AN/A3.00 %2.85 %N/AN/A
Interest crediting rateN/AN/A1.69 %1.45 %N/AN/A

(1)Plan assets and obligations are determined based on a September 30 measurement date at September 30, 2022 and 2021.

(2 The Company considers the expected benefit payments on a plan-by-plan basis when setting assumed discount rates. As a result, the Company uses different discount rates for each plan depending on the plan jurisdiction, the demographics of participants and the expected timing of benefit payments. For the U.S. pension and postretirement plans, the Company uses a discount rate provided by an independent third party calculated based on an appropriate mix of high quality bonds. For the non-U.S. pension and postretirement plans, the Company consistently uses the relevant country specific benchmark indices for
determining the various discount rates. The Company has elected to utilize a full yield curve approach in the estimation of service and interest components of net periodic benefit cost (credit) for pension and other postretirement for plans that utilize a yield curve approach. The full yield curve approach applies the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows.
Components of Net Periodic Benefit Cost
The following table contains the components of net periodic benefit costs, which are primarily recorded in selling, general and administrative expenses in the consolidated statements of income (in millions):
 Pension BenefitsPostretirement Benefits
 U.S. PlansNon-U.S. Plans
Year ended September 30,202220212020202220212020202220212020
Components of Net Periodic Benefit Cost (Credit):
Service cost$— $— $— $20 $27 $25 $1 $1 $1 
Interest cost56 47 67 39 32 36 2 2 4 
Expected return on plan assets(150)(171)(180)(81)(112)(111)(9)(8)(9)
Net actuarial (gain) loss16 (214)244 (116)(115)43 4 (35)2 
Amortization of prior service cost (credit)
— — — — 1 1 (4)(4)(3)
Curtailment gain— — — — (3)(8)— — — 
Settlement (gain) loss1 — 6 5 (1)— — — — 
Special termination benefit cost— — — — 2 — — — — 
Net periodic benefit cost (credit) included in continuing operations
$(77)$(338)$137 $(133)$(169)$(14)$(6)$(44)$(5)
Expense Assumptions:
Discount rate2.52 %2.25 %2.95 %1.79 %1.35 %1.50 %2.30 %1.90 %2.65 %
Expected return on plan assets7.00 %6.50 %6.90 %3.70 %4.90 %5.20 %5.29 %5.30 %5.70 %
Rate of compensation increaseN/AN/AN/A2.85 %2.75 %2.80 %N/AN/AN/A
Interest crediting rateN/AN/AN/A1.44 %1.50 %1.50 %N/AN/AN/A