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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating Activities      
Net Income $ 1,779 $ 2,092 $ 874
Income from Discontinued Operations, Net of Tax 144 488 522
Net Income from Continuing Operations 1,635 1,604 352
Adjustments to net income from continuing operations to derive net cash provided by continuing operating activities:      
Depreciation and amortization 2,229 2,230 2,115
Share-based compensation 233 229 236
Deferred income taxes (120) (301) (308)
Change in operating assets and liabilities:      
Trade receivables, net 32 (61) (53)
Inventories (631) (83) (120)
Prepaid expenses and other (436) (184) 63
Accounts payable, income taxes and other liabilities (473) 660 195
Pension obligation (55) 71 95
Excess tax benefits from payments under share-based compensation plans 32 15 52
Product liability-related charges 21 361 378
Other, net 4 (414) (68)
Net Cash Provided by Continuing Operating Activities 2,471 4,126 2,937
Investing Activities      
Capital expenditures (973) (1,194) (769)
Acquisitions, net of cash acquired (2,070) (508) (164)
Other, net (178) (142) (257)
Net Cash Used for Continuing Investing Activities (3,220) (1,843) (1,190)
Financing Activities      
Change in short-term debt 230 0 0
Change in credit facility borrowings 0 0 (485)
Proceeds from long-term debt and term loans 497 4,869 3,389
Distribution from Embecta Corp. (see Note 2) 1,266 0 0
Net transfer of cash to Embecta upon spin-off (265) 0 0
Payments of debt and term loans (805) (5,112) (4,664)
Proceeds from issuance of equity securities 0 0 2,917
Repurchase of common stock (500) (1,750) 0
Dividends paid (1,082) (1,048) (1,026)
Other, net (77) (265) (109)
Net Cash (Used for) Provided by Continuing Financing Activities (736) (3,306) 22
Net cash provided by operating activities 163 521 602
Net cash used for investing activities (11) (37) (42)
Net cash provided by financing activities 145 0 0
Net Cash Provided by Discontinued Operations 298 484 560
Effect of exchange rate changes on cash and equivalents and restricted cash (45) 15 (3)
Net (Decrease) Increase in Cash and Equivalents and Restricted Cash (1,233) (525) 2,326
Opening Cash and Equivalents and Restricted Cash 2,392 2,917 590
Closing Cash and Equivalents and Restricted Cash $ 1,159 $ 2,392 $ 2,917