Revenue (Tables)

3 Months Ended

Dec. 31, 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 December 31, 2023						Three Months Ended December 31, 2022
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	188,503	$	186,630	$	375,133	$	169,840	$	139,839	$	309,679
Over time		272,253		139,344		411,597		225,845		83,095		308,940
Total net sales	$	460,756	$	325,974	$	786,730	$	395,685	$	222,934	$	618,619

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

	December 31, 2023			September 30, 2023
Billed receivables
Trade accounts receivable	$	426,598		$	434,287
Other (Chinese financial institutions)		57,098			50,940
Total billed receivables		483,696			485,227
Current unbilled receivables (contract assets)		300,146			270,479
Total accounts receivable		783,842			755,706
Less: Allowance for uncollectible amounts		(5,777	)		(5,847	)
Total accounts receivable, net	$	778,065		$	749,859

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 December 31,
	2023			2022
Balance, beginning	$	5,847		$	3,922
Changes in estimates		298			344
Write-offs		(459	)		(83	)
Other1		91			20
Balance, ending	$	5,777		$	4,203

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

Schedule of Contract Liability

Contract liabilities consisted of the following:

	December 31, 2023				September 30, 2023
	Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from GE joint venture formation	$	6,255	$	232,553	$	6,147	$	233,997
Deferred revenue from advanced invoicing and/or prepayments from customers		9,638		4,196		6,868		2,196
Liability related to customer supplied inventory		14,357		—		14,543		—
Deferred revenue from material rights related to engineering and development funding		6,872		183,190		6,190		178,464
Net contract liabilities	$	37,122	$	419,939	$	33,748	$	414,657

Schedule of Disaggregation of Revenue

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

	Three Months Ended December 31,
	2023		2022
Commercial OEM	$	171,354	$	138,875
Commercial aftermarket		137,544		126,643
Defense OEM		93,425		89,762
Defense aftermarket		58,433		40,405
Total Aerospace segment net sales	$	460,756	$	395,685

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

	Three Months Ended December 31,
	2023		2022
Power generation	$	98,106	$	81,577
Transportation		174,469		88,915
Oil and gas		53,399		52,442
Total Industrial segment net sales	$	325,974	$	222,934

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 December 31, 2023	Three Months Ended December 31, 2022
Aerospace	General Electric Company, RTX Corporation, The Boeing Company	RTX Corporation, General Electric Company, The Boeing Company
Industrial	Weichai Westport, Rolls-Royce PLC, Caterpillar, Inc.	Rolls-Royce PLC, Caterpillar, Inc., Wartsila, General Electric Company