Shareholders' Equity (Tables)

3 Months Ended

Dec. 31, 2024

Stockholders' Equity Note [Abstract]

Schedule of Shareholders Equity

Changes in certain components of shareholders' equity for the first quarters of fiscal years 2025 and 2024 were as follows:

	Common Stock  Issued at Par Value		Capital in Excess of Par Value		Retained Earnings		Deferred Compensation		Treasury Stock
(Millions of dollars)									Shares (in thousands)	Amount
Balance at September 30, 2024	$	371	$	19,893	$	16,139	$	25	(81,493)	$	(8,807)
Net income	—		—		303		—		—	—
Common dividends ($1.04 per share)	—		—		(302)		—		—	—
Issuance of shares under employee and other plans, net	—		(65)		—		—		679	(12)
Share-based compensation	—		90		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		(8)	—
Repurchase of common stock	—		(150)		—		—		(2,637)	(606)
Balance at December 31, 2024	$	371	$	19,768	$	16,141	$	25	(83,459)	$	(9,425)

	Common Stock  Issued at Par Value		Capital in Excess of Par Value		Retained Earnings		Deferred Compensation		Treasury Stock
(Millions of dollars)									Shares (in thousands)	Amount
Balance at September 30, 2023	$	371	$	19,720	$	15,535	$	24	(80,203)	$	(8,305)
Net income	—		—		281		—		—	—
Common dividends ($0.95 per share)	—		—		(275)		—		—	—
Issuance of shares under employee and other plans, net	—		(62)		—		—		647	(20)
Share-based compensation	—		83		—		—		—	—
Common stock held in trusts, net (a)	—		—		—		—		(19)	—
Repurchase of common stock	—		—		—		—		(2,118)	(503)
Balance at December 31, 2023	$	371	$	19,741	$	15,540	$	24	(81,692)	$	(8,828)

(a)Common stock held in trusts consists of the Company’s shares held in rabbi trusts in connection with deferred compensation under the Company’s employee salary and bonus deferral plan and directors’ deferral plan.

Accelerated Share Repurchases

The impacts of these accelerated share repurchase transactions were as follows:

Execution Date	Settlement Date	Aggregate Common Stock Repurchased (millions of dollars) (a)		Initial Shares Delivered (in thousands)	Additional Shares Delivered at Settlement (in thousands) (b)	Total Shares Delivered (in thousands)
Q1 2025	Q2 2025	$	750	2,637	619	3,256

(a)    Excludes a 1% excise tax on share repurchases of $6 million.

(b)    Upon final settlement of the repurchase agreement and the forward sale contract, the Company’s receipt of additional shares was recorded as an increase to Common stock in treasury and an offsetting increase to Capital in excess of par value. The final settlement for the first quarter transaction amounted to $150 million.

Schedule of Accumulated Other Comprehensive Income (Loss)

The components and changes of Accumulated other comprehensive income (loss) for the first quarters of fiscal years 2025 and 2024 were as follows:

(Millions of dollars)	Total		Foreign Currency Translation		Benefit Plans		Cash Flow Hedges		Available-for-Sale Debt Securities
Balance at September 30, 2024	$	(1,732)	$	(1,244)	$	(557)	$	70	$	(1)
Other comprehensive income before reclassifications, net of taxes	49		46		—		3		—
Amounts reclassified into income, net of taxes	6		—		8		(2)		—
Balance at December 31, 2024	$	(1,676)	$	(1,199)	$	(549)	$	72	$	(1)

(Millions of dollars)	Total		Foreign Currency Translation		Benefit Plans		Cash Flow Hedges		Available-for-Sale Debt Securities
Balance at September 30, 2023	$	(1,548)	$	(1,078)	$	(571)	$	103	$	—
Other comprehensive income (loss) before reclassifications, net of taxes	21		40		—		(19)		—
Amounts reclassified into income, net of taxes	12		—		12		1		—
Balance at December 31, 2023	$	(1,515)	$	(1,038)	$	(559)	$	84	$	—