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Fair Value Measurements (Tables)
 3 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities at Fair Value on Recurring Basis
The fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and September 30, 2017, are as follows:
 
 
 
December 31, 2017
 
September 30, 2017
(in millions)
Fair Value
Hierarchy
 
Fair Value
Asset (Liability)
 
Fair Value
Asset (Liability)
Deferred compensation plan investments
Level 1
 
$
69

 
$
63

Deferred compensation plan investments
Level 2
 
26

 
24

Interest rate swap assets
Level 2
 
10

 
14

Interest rate swap liabilities
Level 2
 
(1
)
 
—

Foreign currency forward exchange contract assets
Level 2
 
5

 
8

Foreign currency forward exchange contract liabilities
Level 2
 
(5
)
 
(7
)
Acquisition-related contingent consideration
Level 3
 
(16
)
 
(17
)
Change in Fair Value of Level 3 Contingent Consideration
The change in fair value of the Level 3 contingent consideration related to the ICG and Pulse.aero acquisitions is as follows:
(in millions)
Fair Value (Liability)
Balance at September 30, 2017
$
(17
)
Payment of contingent consideration (see Note 3)
1

Balance at December 31, 2017
$
(16
)
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company's financial instruments are as follows:
 
Asset (Liability)
 
December 31, 2017
 
September 30, 2017
(in millions)
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Cash and cash equivalents
$
583

 
$
583

 
$
703

 
$
703

Short-term debt
(877
)
 
(877
)
 
(479
)
 
(479
)
Long-term debt
(6,489
)
 
(6,732
)
 
(6,662
)
 
(6,898
)