Leases, Codification Topic 842 (Tables)

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity

The Company’s payments due under its operating leases are as follows:

(Millions of dollars)
2021	$	115
2022	96
2023	63
2024	41
2025	32
Thereafter	142
Total payments due	489
Less: imputed interest	47
Total	$	442

Schedule of Future Minimum Rental Payments for Operating Leases

The Company’s future minimum rental commitments on non-cancelable leases at September 30, 2019, prior to the adoption of the new lease accounting standard, were estimated as follows:

(Millions of dollars)
2020	$	122
2021	103
2022	83
2023	57
2024	56
Thereafter	123
Total	$	546

Supplemental Balance Sheet Information Related to Leases

The right-of-use assets and lease liabilities recognized on the Company’s consolidated balance sheet as of September 30, 2020 were as follows:

(Millions of dollars)	September 30, 2020
Right-of-use assets recorded in Other Assets	$	418
Current lease liabilities recorded in Accrued expenses	$	106
Non-current lease liabilities recorded in Deferred Income Taxes and Other Liabilities	$	336