Debt (Tables)

12 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Summary of Short-Term Debt

Short-term debt at September 30 consisted of:

(Millions of dollars)		2017		2016
Commercial paper borrowings		$	—	$	200
Current portion of long-term debt
4.900% Notes due April 15, 2018		200		—
1.450% Notes due May 15, 2017	(A)	—		300
1.750% Notes due November 8, 2016		—		500
Other		3		1
Total short-term debt		$	203	$	1,001

(A) All or a portion of the aggregate principal amount outstanding was repurchased during the first quarter of 2017, as further discussed below.

Summary of Long-Term Debt

The aggregate principal amounts of Bard notes which have been validly tendered for notes issued by the Company since the offers were commenced in May are provided below.

(Millions of dollars)	Aggregate Principal Amount		Principal Amount Accepted for Exchange
4.400% Notes due January 15, 2021	$	500	$	428
3.000% Notes due May 15, 2026	500		470
6.700% Notes due December 1, 2026	150		137
Total	$	1,150	$	1,035

Long-Term Debt at September 30 consisted of:

(Millions of dollars)		2017		2016
1.800% Notes due December 15, 2017	(A) (C)	—		1,248
4.900% Notes due April 15, 2018		—		201
5.000% Notes due May 15, 2019	(A) (C)	—		498
2.133% Notes due June 6, 2019	(B)	723		—
0.368% Notes due June 6, 2019	(B)	823		—
6.375% Notes due August 1, 2019	(A) (C)	—		776
2.675% Notes due December 15, 2019	(A)	1,121		1,245
2.404% Notes due June 5, 2020	(B)	996		—
3.250% Notes due November 12, 2020		698		698
3.125% Notes due November 8, 2021		1,003		1,018
2.894% Notes due June 6, 2022	(B)	1,791		—
Floating Rate Notes due June 6, 2022	(B)	497		—
1.000% Notes due December 15, 2022	(D)	586		—
3.300% Notes due March 1, 2023	(C)	296		304
3.875% Notes due May 15, 2024	(A) (C)	182		417
3.363% Notes due June 6, 2024	(B)	1,736		—
3.734% Notes due December 15, 2024	(A)	1,367		1,740
1.900% Notes due December 15, 2026	(D)	585		—
3.700% Notes due June 6, 2027	(B)	2,381		—
7.000% Debentures due August 1, 2027		166		168
6.700% Debentures due August 1, 2028		164		167
6.000% Notes due May 15, 2039		246		246
5.000% Notes due November 12, 2040		296		297
4.875% Notes due May 15, 2044	(C)	331		333
4.685% Notes due December 15, 2044		1,189		1,190
4.669% Notes due June 6, 2047	(B)	1,484		—
Other long-term debt		3		4
Total Long-Term Debt		$	18,667	$	10,550

(A) All or a portion of the aggregate principal amount outstanding was repurchased during the first quarter of 2017, as further discussed below.

(B) Notes issued during the third quarter of fiscal year 2017, as further discussed below.

(C) All or a portion of the aggregate principal amount outstanding was redeemed during the third quarter of 2017, as further discussed below.

(D) Notes issued during the first quarter of fiscal year 2017, as further discussed below.

Summary of Interest Costs and Payments

A summary of interest costs and payments for the years ended September 30 is as follows:

(Millions of dollars)	2017		2016		2015
Charged to operations	$	521	$	388	$	371
Capitalized	32		30		30
Total interest costs	$	553	$	418	$	401
Interest paid, net of amounts capitalized	$	435	$	392	$	313