Revenue (Tables)

6 Months Ended

Mar. 31, 2024

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 March 31, 2024						Three Months Ended March 31, 2023
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	229,171	$	203,232	$	432,403	$	188,248	$	177,660	$	365,908
Over time		268,341		134,599		402,940		248,769		103,537		352,306
Total net sales	$	497,512	$	337,831	$	835,343	$	437,017	$	281,197	$	718,214

	Six Months Ended March 31, 2024						Six Months Ended March 31, 2023
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	417,674	$	389,862	$	807,536	$	358,088	$	317,499	$	675,587
Over time		540,594		273,943		814,537		474,614		186,632		661,246
Total net sales	$	958,268	$	663,805	$	1,622,073	$	832,702	$	504,131	$	1,336,833

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

	March 31, 2024			September 30, 2023
Billed receivables
Trade accounts receivable	$	478,207		$	434,287
Other (Chinese financial institutions)		51,920			50,940
Total billed receivables		530,127			485,227
Current unbilled receivables (contract assets)		308,776			270,479
Total accounts receivable		838,903			755,706
Less: Allowance for uncollectible amounts		(7,126	)		(5,847	)
Total accounts receivable, net	$	831,777		$	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 March 31,						Six Months Ended March 31,
	2024			2023			2024			2023
Balance, beginning	$	5,777		$	4,203		$	5,847		$	3,922
Changes in estimates		1,398			6,042			1,696			6,470
Write-offs		(16	)		(247	)		(475	)		(330	)
Other1		(33	)		(49	)		58			(113	)
Balance, ending	$	7,126		$	9,949		$	7,126		$	9,949

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

Schedule of Contract Liability

Contract liabilities consisted of the following:

	March 31, 2024				September 30, 2023
	Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from GE joint venture formation	$	6,364	$	235,837	$	6,147	$	233,997
Deferred revenue from advanced invoicing and/or prepayments from customers		17,414		4,333		6,868		2,196
Liability related to customer supplied inventory		17,941		—		14,543		—
Deferred revenue from material rights related to engineering and development funding		7,102		186,640		6,190		178,464
Net contract liabilities	$	48,821	$	426,810	$	33,748	$	414,657

Schedule of Disaggregation of Revenue

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
Commercial OEM	$	183,517	$	159,271	$	354,871	$	298,146
Commercial aftermarket		163,886		139,445		301,430		266,088
Defense OEM		91,017		87,807		184,442		177,569
Defense aftermarket		59,092		50,494		117,525		90,899
Total Aerospace segment net sales	$	497,512	$	437,017	$	958,268	$	832,702

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
Power generation	$	106,811	$	94,013	$	204,917	$	175,590
Transportation		173,786		118,777		348,255		207,692
Oil and gas		57,234		68,407		110,633		120,849
Total Industrial segment net sales	$	337,831	$	281,197	$	663,805	$	504,131

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 March 31, 2024	Three Months Ended March 31, 2023
Aerospace	RTX Corporation, General Electric Company	RTX Corporation, General Electric Company, The Boeing Company
Industrial	Weichai Westport, Rolls-Royce PLC	Rolls-Royce PLC, Caterpillar, Inc.

	Six Months Ended March 31, 2024	Six Months Ended March 31, 2023
Aerospace	General Electric Company, RTX Corporation, The Boeing Company	RTX Corporation, General Electric Company, The Boeing Company
Industrial	Weichai Westport, Rolls-Royce PLC	Rolls-Royce PLC, Caterpillar, Inc., Wartsila