Supplemental Financial Information (Tables)

12 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income (Expense), Net

(Millions of dollars)	2022		2021		2020
Other investment (losses) gains, net (a)	$	(35)	$	57	$	13
Deferred compensation	(46)		43		24
Net pension and postretirement benefit cost (b)	(17)		(1)		7
Losses on undesignated foreign exchange derivatives, net	(28)		(13)		(17)
Impacts of debt extinguishment (c)	(24)		(178)		(8)
Embecta service agreements income, net (d)	33		—		—
Other	1		(6)		5
Other (expense) income, net	$	(117)	$	(99)	$	23

(a)The amounts include gains (losses) recognized on changes to the fair value of certain equity investments. The amounts in 2022 and 2020 also include a loss and gain, respectively, on the sale of equity investments.

(b)Represents all components of the Company’s net periodic pension and postretirement benefit costs, aside from service cost, including U.S. pension settlement expense of $73 million in fiscal year 2022.

(c)Represents losses recognized upon the extinguishment of certain senior notes, as further discussed in Note 16.

(d)Consists of net income from transition and logistics service agreements with Embecta following the spin-off of the former diabetes care business in fiscal year 2022, as further discussed in Note 2.

Trade Receivables, Allowances for Doubtful Accounts and Cash Discounts

The amounts recognized in 2022, 2021 and 2020 relating to allowances for doubtful accounts and cash discounts, which are netted against trade receivables, are provided in the following table:

(Millions of dollars)	Allowance for Doubtful Accounts			Allowance for Cash Discounts		Total
Balance at September 30, 2019	$	72		$	11	$	83
Additions charged to costs and expenses	39			23		62
Deductions and other	(35)		(a)	(22)		(57)
Balance at September 30, 2020	$	76		$	12	$	88
Additions charged to costs and expenses	17			84		101
Deductions and other	(20)		(a)	(77)		(97)
Balance at September 30, 2021	$	73		$	18	$	91
Additions charged to costs and expenses	4			73		77
Deductions and other	(12)		(a)	(75)		(87)
Balance at September 30, 2022	$	65		$	16	$	81

(a)Accounts written off.

Inventories

Inventories at September 30 consisted of:

(Millions of dollars)	2022		2021
Materials	$	707	$	628
Work in process	397		381
Finished products	2,120		1,734
	$	3,224	$	2,743

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net at September 30 consisted of:

(Millions of dollars)	2022		2021
Land	$	127	$	133
Buildings	3,252		3,140
Machinery, equipment and fixtures	8,769		8,585
Leasehold improvements	266		234
	12,415		12,093
Less accumulated depreciation and amortization	6,402		6,090
	$	6,012	$	6,003