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Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The table below presents information about Woodward’s financial assets and liabilities 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.

 

 

At September 30, 2024

 

 

At September 30, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in banks and financial institutions

 

$

23,128

 

 

$

 

 

$

 

 

$

23,128

 

 

$

28,560

 

 

$

 

 

$

 

 

$

28,560

 

Equity securities

 

 

30,782

 

 

 

 

 

 

 

 

 

30,782

 

 

 

24,913

 

 

 

 

 

 

 

 

 

24,913

 

Cross-currency interest rate swaps

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,389

 

 

 

 

 

 

5,389

 

Total financial assets

 

$

53,910

 

 

$

 

 

$

 

 

$

53,910

 

 

$

53,473

 

 

$

5,389

 

 

$

 

 

$

58,862

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cross-currency interest rate swaps

 

$

 

 

$

12,004

 

 

$

 

 

$

12,004

 

 

$

 

 

$

 

 

$

 

 

$

 

Total financial liabilities

 

$

 

 

$

12,004

 

 

$

 

 

$

12,004

 

 

$

 

 

$

 

 

$

 

 

$

 

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 Consolidated Balance Sheets were as follows

 

 

 

 

At September 30, 2024

 

 

At September 30, 2023

 

 

 

Fair Value
Hierarchy
Level

 

Estimated
Fair Value

 

 

Carrying
Cost

 

 

Estimated
Fair Value

 

 

Carrying
Cost

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes receivable from municipalities

 

2

 

$

6,961

 

 

$

6,514

 

 

$

7,794

 

 

$

7,688

 

Investments in short-term time deposits

 

2

 

 

3,064

 

 

 

3,064

 

 

 

6,095

 

 

 

6,107

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

2

 

$

634,071

 

 

$

656,360

 

 

$

661,507

 

 

$

722,671