Revenue (Tables)

9 Months Ended

Jun. 30, 2023

Revenue From Contract With Customer [Abstract]

Schedule of Revenue Recognition Time

The amount of revenue recognized as point in time or over time follows:

	Three Months Ended June 30, 2023						Three Months Ended June 30, 2022
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	194,807	$	208,597	$	403,404	$	154,323	$	119,808	$	274,131
Over time		285,724		111,535		397,259		247,389		92,812		340,201
Total net sales	$	480,531	$	320,132	$	800,663	$	401,712	$	212,620	$	614,332

	Nine Months Ended June 30, 2023						Nine Months Ended June 30, 2022
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	552,895	$	526,096	$	1,078,991	$	428,212	$	367,019	$	795,231
Over time		760,338		298,167		1,058,505		682,692		264,834		947,526
Total net sales	$	1,313,233	$	824,263	$	2,137,496	$	1,110,904	$	631,853	$	1,742,757

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

	June 30, 2023			September 30, 2022
Billed receivables
Trade accounts receivable	$	408,601		$	359,364
Other (Chinese financial institutions)		38,098			9,405
Total billed receivables		446,699			368,769
Current unbilled receivables (contract assets)		294,806			245,117
Total accounts receivable		741,505			613,886
Less: Allowance for uncollectible amounts		(8,700	)		(3,922	)
Total accounts receivable, net	$	732,805		$	609,964

Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables

The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following:

	Three Months Ended June 30,						Nine Months Ended June 30,
	2023			2022			2023			2022
Balance, beginning	$	9,949		$	3,141		$	3,922		$	3,664
Changes in estimates		77			356			6,463			783
Write-offs		(1,271	)		—			(1,601	)		(43	)
Other1		(55	)		(454	)		(84	)		(1,361	)
Balance, ending	$	8,700		$	3,043		$	8,700		$	3,043

(1)Includes effects of foreign exchange rate changes during the period.

Schedule of Contract Liability

Contract liabilities consisted of the following:

	June 30, 2023				September 30, 2022
	Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from GE joint venture formation	$	6,049	$	235,686	$	5,754	$	234,516
Deferred revenue from advanced invoicing and/or prepayments from customers		4,771		3,277		4,120		38
Liability related to customer supplied inventory		12,841		—		12,442		—
Deferred revenue from material rights related to engineering and development funding		7,906		173,645		8,347		161,791
Net contract liabilities	$	31,567	$	412,608	$	30,663	$	396,345

Schedule of Disaggregation of Revenue

Revenue by primary market for the Aerospace reportable segment was as follows:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
Commercial OEM	$	186,173	$	131,968	$	484,319	$	359,683
Commercial aftermarket		139,518		108,695		405,606		303,335
Defense OEM		101,008		115,205		278,577		318,392
Defense aftermarket		53,832		45,844		144,731		129,494
Total Aerospace segment net sales	$	480,531	$	401,712	$	1,313,233	$	1,110,904

Revenue by primary market for the Industrial reportable segment was as follows:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
Reciprocating engines	$	242,040	$	154,090	$	612,655	$	469,087
Industrial turbines		78,092		58,530		211,608		162,766
Total Industrial segment net sales	$	320,132	$	212,620	$	824,263	$	631,853

The customers who each account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows:

	Three Months Ended June 30, 2023	Three Months Ended June 30, 2022
Aerospace	Raytheon Technologies, General Electric Company, The Boeing Company	The Boeing Company, Raytheon Technologies, General Electric Company
Industrial	Weichai Westport, Rolls-Royce PLC, Caterpillar, Inc.	Rolls-Royce PLC, Wartsila, Caterpillar, Inc.

	Nine Months Ended June 30, 2023	Nine Months Ended June 30, 2022
Aerospace	Raytheon Technologies, General Electric Company, The Boeing Company	Raytheon Technologies, The Boeing Company, General Electric Company
Industrial	Rolls-Royce PLC, Caterpillar, Inc.	Rolls-Royce PLC, Wartsila, Caterpillar, Inc.