Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets that are Measured at Fair Value on a Recurring Basis

The table below presents information about Woodward’s financial assets that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques Woodward utilized to determine such fair value as defined by the U.S. GAAP fair value hierarchy.

	At December 31, 2022								At September 30, 2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets:
Investments in term deposits with foreign banks	$	38,705	$	—	$	—	$	38,705	$	37,605	$	—	$	—	$	37,605
Equity securities		25,205		—		—		25,205		22,800		—		—		22,800
Cross-currency interest rate swaps		—		9,582		—		9,582		—		38,168		—		38,168
Total financial assets	$	63,910	$	9,582	$	—	$	73,492	$	60,405	$	38,168	$	—	$	98,573

Estimated Fair Values of Financial Instruments

The estimated fair values and carrying costs of other financial instruments that are not required to be remeasured at fair value in the Condensed Consolidated Balance Sheets were as follows:

		At December 31, 2022				At September 30, 2022
	Fair Value Hierarchy Level	Estimated Fair Value		Carrying Cost		Estimated Fair Value		Carrying Cost
Assets:
Notes receivable from municipalities	2	$	9,188	$	8,638	$	9,010	$	8,992
Investments in short-term time deposits	2		7,714		7,763		8,026		7,893
Liabilities:
Long-term debt	2		673,405		726,506		646,696		712,054