Leases (Tables)

12 Months Ended

Sep. 30, 2023

Leases [Abstract]

ROU Assets and Lease Liabilities

ROU assets and lease liabilities recorded in the Consolidated Balance Sheets as of September 30 are as follows:

	2023		2022		Location on the Balance Sheet
ROU assets:
Operating lease ROU assets	$	420	$	368	Other assets
Finance lease ROU assets	50		48		Property, plant and equipment
Total ROU assets	$	470	$	416
Lease liabilities:
Operating lease liabilities — current	$	87	$	82	Other current liabilities
Operating lease liabilities — noncurrent	340		294		Other noncurrent liabilities
Finance lease liabilities — current	5		4		Current maturities of long-term debt
Finance lease liabilities — noncurrent	45		41		Long-term debt
Total lease liabilities	$	477	$	421

Components of Lease Cost, Cash and Non-cash Lease Liability Activity, Weighted-average Remaining Lease Term and Discount Rate

The components of lease cost for Fiscal 2023, Fiscal 2022 and Fiscal 2021 are as follows:

	2023		2022		2021
Operating lease cost	$	104	$	96	$	101
Finance lease cost:
Amortization of ROU assets	3		4		4
Interest on lease liabilities	3		3		3
Variable lease cost	2		6		4
Short-term lease cost	4		2		2
Total lease cost	$	116	$	111	$	114

The following table presents the cash and non-cash activity related to lease liabilities included in the Consolidated Statements of Cash Flows during Fiscal 2023, Fiscal 2022 and Fiscal 2021:

	2023		2022		2021
Cash paid related to lease liabilities:
Operating cash flows — operating leases	$	103	$	95	$	99
Operating cash flows — finance leases	$	3	$	3	$	3
Financing cash flows — finance leases	$	1	$	2	$	3
Non-cash lease liability activities:
ROU assets obtained in exchange for operating lease liabilities	$	136	$	72	$	85
ROU assets obtained in exchange for finance lease liabilities	$	6	$	2	$	1

The following table presents the weighted-average remaining lease term and weighted-average discount rate:

Weighted-average remaining lease term (in years)	2023	2022
Operating leases	7.1	6.0
Finance leases	5.3	3.7
Weighted-average discount rate (%)	2023	2022
Operating leases	4.5%	3.6%
Finance leases	2.2%	1.8%

Schedule of Expected Annual Lease Payments Based on Maturities of Operating Leases

Expected annual lease payments based on maturities of operating and finance leases, as well as a reconciliation to the lease liabilities on the Consolidated Balance Sheet, as of September 30, 2023, were as follows:

	2024		2025		2026		2027		2028		After 2028		Total Lease Payments		Imputed Interest		Lease Liabilities
Operating leases	$	104	$	86	$	72	$	61	$	49	$	130	$	502	$	(75)	$	427
Finance leases	$	5	$	5	$	5	$	4	$	4	$	76	$	99	$	(49)	$	50

Schedule of Expected Annual Lease Payments Based on Maturities of Finance Leases

Expected annual lease payments based on maturities of operating and finance leases, as well as a reconciliation to the lease liabilities on the Consolidated Balance Sheet, as of September 30, 2023, were as follows:

	2024		2025		2026		2027		2028		After 2028		Total Lease Payments		Imputed Interest		Lease Liabilities
Operating leases	$	104	$	86	$	72	$	61	$	49	$	130	$	502	$	(75)	$	427
Finance leases	$	5	$	5	$	5	$	4	$	4	$	76	$	99	$	(49)	$	50