Revenue (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2024						Three Months Ended June 30, 2023
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	219,318	$	206,746	$	426,064	$	194,807	$	208,597	$	403,404
Over time		298,242		123,382		421,624		285,724		111,535		397,259
Total net sales	$	517,560	$	330,128	$	847,688	$	480,531	$	320,132	$	800,663

	Nine Months Ended June 30, 2024						Nine Months Ended June 30, 2023
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	636,992	$	596,608	$	1,233,600	$	552,895	$	526,096	$	1,078,991
Over time		838,836		397,325		1,236,161		760,338		298,167		1,058,505
Total net sales	$	1,475,828	$	993,933	$	2,469,761	$	1,313,233	$	824,263	$	2,137,496

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

	June 30, 2024			September 30, 2023
Billed receivables
Trade accounts receivable	$	441,007		$	434,287
Other (Chinese financial institutions)		957			50,940
Total billed receivables		441,964			485,227
Current unbilled receivables (contract assets)		325,007			270,479
Total accounts receivable		766,971			755,706
Less: Allowance for uncollectible amounts		(6,961	)		(5,847	)
Total accounts receivable, net	$	760,010		$	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 June 30,						Nine Months Ended June 30,
	2024			2023			2024			2023
Balance, beginning	$	7,126		$	9,949		$	5,847		$	3,922
Changes in estimates		835			77			2,531			6,463
Write-offs		(13	)		(1,271	)		(488	)		(1,601	)
Other1		(987	)		(55	)		(929	)		(84	)
Balance, ending	$	6,961		$	8,700		$	6,961		$	8,700

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

Schedule of Contract Liability

Contract liabilities consisted of the following:

	June 30, 2024				September 30, 2023
	Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from GE joint venture formation	$	6,472	$	234,159	$	6,147	$	233,997
Deferred revenue from advanced invoicing and/or prepayments from customers		18,454		3,258		6,868		2,196
Liability related to customer supplied inventory		19,198		—		14,543		—
Deferred revenue from material rights related to engineering and development funding		5,541		182,911		6,190		178,464
Net contract liabilities	$	49,665	$	420,328	$	33,748	$	414,657

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,
	2024		2023		2024		2023
Commercial OEM	$	189,697	$	186,173	$	544,568	$	484,319
Commercial aftermarket		165,718		139,518		467,148		405,606
Defense OEM		96,557		101,008		280,999		278,577
Defense aftermarket		65,588		53,832		183,113		144,731
Total Aerospace segment net sales	$	517,560	$	480,531	$	1,475,828	$	1,313,233

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

	Three Months Ended June 30,				Nine Months Ended June 30,
	2024		2023		2024		2023
Power generation	$	109,583	$	101,387	$	314,500	$	276,977
Transportation		163,310		158,039		511,565		365,731
Oil and gas		57,235		60,706		167,868		181,555
Total Industrial segment net sales	$	330,128	$	320,132	$	993,933	$	824,263

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, 2024	Three Months Ended June 30, 2023
Aerospace	RTX Corporation, GE Aerospace, The Boeing Company	RTX Corporation, General Electric Company, The Boeing Company
Industrial	Weichai Westport, Rolls-Royce PLC, GE Vernova, Inc.	Weichai Westport, Rolls-Royce PLC, Caterpillar, Inc.

	Nine Months Ended June 30, 2024	Nine Months Ended June 30, 2023
Aerospace	RTX Corporation, The Boeing Company, General Electric Company	RTX Corporation, General Electric Company, The Boeing Company
Industrial	Weichai Westport, Rolls-Royce PLC	Rolls-Royce PLC, Caterpillar, Inc.