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U.S. and Europe Retrospective Responsibility Plans - Schedule of Changes in Preferred Stock and Right to Recover Covered Losses (Details)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2025
USD ($)
$ / shares
shares
Mar. 31, 2024
USD ($)
shares
Mar. 31, 2025
USD ($)
$ / shares
shares
Mar. 31, 2024
USD ($)
shares
Dec. 31, 2024
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
shares
Sep. 30, 2023
shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ 38,296 $ 39,733 $ 39,137 $ 38,733        
VE territory covered losses 3 (36) (24) (60)        
Recovery through conversion rate adjustment     0 0        
Balance as of end of period 38,030 40,485 38,030 40,485        
As-converted Value of Preferred Stock 2,839   2,839     $ 2,234    
Book Value of Preferred Stock 880   880     1,031    
Book Value of Preferred Stock, Total 483   483     491    
Less: right to recover for covered losses (120)   (120)     (104)    
As-converted Value of Preferred Stock, Total recovery for covered losses available 2,719   2,719     2,130    
Book Value of Preferred of Stock, Total recovery for covered losses available $ 363   $ 363     $ 387    
Preferred stock, shares outstanding (in shares) | shares 5   5     5    
Share price (in dollars per share) | $ / shares $ 350.46   $ 350.46     $ 274.95    
Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ 904 1,615 $ 1,031 [1] 1,698 [2]        
Recovery through conversion rate adjustment     (8) (25)        
Balance as of end of period $ 880 [1] $ 1,602 [2] $ 880 [1] $ 1,602 [2]        
Preferred stock, shares outstanding (in shares) | shares 5 5 5 5 5 5 5 5
Right to Recover for Covered Losses                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ (123) $ (139) $ (104) $ (140)        
VE territory covered losses 3 (36) (24) (60)        
Recovery through conversion rate adjustment     8 25        
Balance as of end of period (120) (175) (120) (175)        
Series B preferred stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Recovery through conversion rate adjustment     5 22        
As-converted Value of Preferred Stock 866   866     $ 684    
Book Value of Preferred Stock $ 99   $ 99     $ 104    
Preferred stock, shares outstanding (in shares) | shares 2   2     2    
Preferred stock, conversion rate 0.9960   0.9960     1.0030    
Series B preferred stock | Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period     $ 104 441        
VE territory covered losses     0 0        
Recovery through conversion rate adjustment     (5) (22)        
Balance as of end of period $ 99 419 99 419        
Series C preferred stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Recovery through conversion rate adjustment     3 3        
As-converted Value of Preferred Stock 1,973   1,973     $ 1,550    
Book Value of Preferred Stock $ 384   $ 384     $ 387    
Preferred stock, shares outstanding (in shares) | shares 3   3     3    
Preferred stock, conversion rate 1.7830   1.7830     1.7860    
Series C preferred stock | Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period     $ 387 801        
VE territory covered losses     0 0        
Recovery through conversion rate adjustment     (3) (3)        
Balance as of end of period $ 384 $ 798 $ 384 $ 798        
[1] As of March 31, 2025 and September 30, 2024, the book value of series A convertible participating preferred stock (series A preferred stock) was $397 million and $540 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B convertible participating preferred stock (series B preferred stock) and series C convertible participating preferred stock (series C preferred stock).
[2] As of March 31, 2024 and September 30, 2023, the book value of series A preferred stock was $385 million and $456 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.