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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Values of Financial Instruments
The fair values of financial instruments, including those not recognized on the statement of financial position at fair value, carried at June 30, 2016 and September 30, 2015 are classified in accordance with the fair value hierarchy in the following tables:
 
 
 
Basis of Fair Value Measurement
(Millions of dollars)
June 30, 2016
Total
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
Assets
 
 
 
 
 
 
 
Institutional money market investments
$
404

 
$
404

 
$
—

 
$
—

Interest rate swaps
27

 
—

 
27

 
—

Forward exchange contracts
12

 
—

 
12

 
—

Total Assets
$
442

 
$
404

 
$
39

 
$
—

Liabilities
 
 
 
 
 
 
 
Forward exchange contracts
$
8

 
$
—

 
$
8

 
$
—

Commodity forward contracts
2

 
—

 
2

 
—

Interest rate swaps
19

 
—

 
19

 
—

Contingent consideration liabilities
53

 
—

 
—

 
53

Total Liabilities
$
83

 
$
—

 
$
30

 
$
53

 
 
 
Basis of Fair Value Measurement
(Millions of dollars)
September 30,
2015
Total
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
Assets
 
 
 
 
 
 
 
Institutional money market investments
$
147

 
$
147

 
$
—

 
$
—

Interest rate swaps
19

 
—

 
19

 
—

Forward exchange contracts
13

 
—

 
13

 
—

Total Assets
$
179

 
$
147

 
$
32

 
$
—

Liabilities
 
 
 
 
 
 
 
Forward exchange contracts
$
21

 
$
—

 
$
21

 
$
—

Commodity forward contracts
10

 
—

 
10

 
—

Contingent consideration liabilities
77

 
—

 
—

 
77

Total Liabilities
$
108

 
$
—

 
$
30

 
$
77