Revenue Recognition (Tables)

9 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables present the Company's revenues disaggregated by segment and by Products & Systems and Services revenue (in millions):

	Three Months Ended June 30,
	2023						2022
	Products & Systems		Services		Total		Products & Systems		Services		Total
Building Solutions North America	$	1,636	$	1,029	$	2,665	$	1,481	$	945	$	2,426
Building Solutions EMEA/LA	571		474		1,045		537		415		952
Building Solutions Asia Pacific	537		199		736		493		172		665
Global Products	2,687		—		2,687		2,571		—		2,571
Total	$	5,431	$	1,702	$	7,133	$	5,082	$	1,532	$	6,614

	Nine Months Ended June 30,
	2023						2022
	Products & Systems		Services		Total		Products & Systems		Services		Total
Building Solutions North America	$	4,641	$	2,911	$	7,552	$	4,123	$	2,682	$	6,805
Building Solutions EMEA/LA	1,705		1,346		3,051		1,617		1,252		2,869
Building Solutions Asia Pacific	1,489		560		2,049		1,442		521		1,963
Global Products	7,235		—		7,235		6,937		—		6,937
Total	$	15,070	$	4,817	$	19,887	$	14,119	$	4,455	$	18,574

The following table presents further disaggregation of Global Products segment revenues by product type (in millions):

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
HVAC	$	1,973	$	1,889	$	5,170	$	5,030
Fire & Security	626		610		1,819		1,732
Industrial Refrigeration	88		72		246		175
Total	$	2,687	$	2,571	$	7,235	$	6,937

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):

	Location of contract balances	June 30, 2023		September 30, 2022
Contract assets - current	Accounts receivable - net	$	2,080	$	2,067
Contract assets - noncurrent	Other noncurrent assets	79		79
Contract liabilities - current	Deferred revenue	1,918		1,804
Contract liabilities - noncurrent	Other noncurrent liabilities	292		282

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):

	June 30, 2023		September 30, 2022
Other current assets	$	159	$	139
Other noncurrent assets	212		174
Total	$	371	$	313