Subsequent Events	3 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events Acquisition of ServiceMax Inc. On January 3, 2023, we acquired ServiceMax, Inc. pursuant to the Share Purchase Agreement dated November 17, 2022 by and among PTC, ServiceMax, Inc., and ServiceMax JV, LP. The preliminary purchase price is $1,478 million, net of cash acquired, which is payable in two installments. Upon closing of the transaction, PTC paid the first purchase payment installment of $835 million, as adjusted for working capital, indebtedness, cash, and transaction expenses as set forth in the Share Purchase Agreement. The remaining purchase payment installment of $650 million is payable on October 2, 2023, without interest and not subject to contingencies. The terms of the Share Price Agreement are described in the Form 8-K filed by PTC on November 17, 2022. Entry into the Fourth Amended and Restated Credit Agreement; Termination of the Third Amended and Restated Credit Agreement On January 3, 2023, we entered into the Fourth Amended and Restated Credit Agreement by and among PTC, PTC (IFSC) Limited, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto (the “New Credit Facility”). The New Credit Facility consists of a $1,250 million revolving credit facility and $500 million new term loan. The terms of the New Credit Facility are described in the Form 8-K filed by PTC on January 3, 2023. In connection with entry into the New Credit Facility, PTC terminated the Third Amended and Restated Credit Agreement dated February 13, 2020 by and among PTC, PTC (IFSC) Limited, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Approximately $359 million was outstanding under the Prior Credit Facility at the time of termination, which amount was repaid with a borrowing of the same amount under the New Credit Facility upon closing of New Credit Facility. Borrowings under the Fourth Amended and Restated Credit Agreement On January 3, 2023, PTC borrowed $630 million under the revolving line of the New Credit Facility and $500 million under the new term loan of the New Credit Facility to repay amounts under the Prior Credit Facility and to pay the closing purchase price for, and transaction expenses related to, the acquisition of ServiceMax, Inc., including the repayment of certain indebtedness of ServiceMax or its subsidiaries, bringing our total outstanding indebtedness to approximately $2,130 million.

Subsequent Events

3 Months Ended

Dec. 31, 2022

15. Subsequent Events

Acquisition of ServiceMax Inc.

On January 3, 2023, we acquired ServiceMax, Inc. pursuant to the Share Purchase Agreement dated November 17, 2022 by and among PTC, ServiceMax, Inc., and ServiceMax JV, LP. The preliminary purchase price is $1,478 million, net of cash acquired, which is payable in two installments. Upon closing of the transaction, PTC paid the first purchase payment installment of $835 million, as adjusted for working capital, indebtedness, cash, and transaction expenses as set forth in the Share Purchase Agreement. The remaining purchase payment installment of $650 million is payable on October 2, 2023, without interest and not subject to contingencies. The terms of the Share Price Agreement are described in the Form 8-K filed by PTC on November 17, 2022.

Entry into the Fourth Amended and Restated Credit Agreement; Termination of the Third Amended and Restated Credit Agreement

On January 3, 2023, we entered into the Fourth Amended and Restated Credit Agreement by and among PTC, PTC (IFSC) Limited, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto (the “New Credit Facility”). The New Credit Facility consists of a $1,250 million revolving credit facility and $500 million new term loan. The terms of the New Credit Facility are described in the Form 8-K filed by PTC on January 3, 2023.

In connection with entry into the New Credit Facility, PTC terminated the Third Amended and Restated Credit Agreement dated February 13, 2020 by and among PTC, PTC (IFSC) Limited, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Approximately $359 million was outstanding under the Prior Credit Facility at the time of termination, which amount was repaid with a borrowing of the same amount under the New Credit Facility upon closing of New Credit Facility.

Borrowings under the Fourth Amended and Restated Credit Agreement

On January 3, 2023, PTC borrowed $630 million under the revolving line of the New Credit Facility and $500 million under the new term loan of the New Credit Facility to repay amounts under the Prior Credit Facility and to pay the closing purchase price for, and transaction expenses related to, the acquisition of ServiceMax, Inc., including the repayment of certain indebtedness of ServiceMax or its subsidiaries, bringing our total outstanding indebtedness to approximately $2,130 million.