Business Segment Information

6 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

Our reportable segments reflect the manner in which our chief operating decision maker assesses performance and allocates resources. Our reportable segments are as follows:

•Americas;

•Asia;

•Europe;

•Middle East and India; and

•Corporate and other

Except for the Corporate and other segment, each reportable segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our Corporate and other segment includes the aggregation of three operating segments that meet the aggregation criteria under GAAP.

Summary by Business Segment

	Americas	Asia	Europe	Middle East  and India	Corporate and other	Total
Three Months Ended 31 March 2023
Sales	$1,373.1	$813.9	$752.9	$44.8	$215.4	$3,200.1	(A)
Operating income (loss)	324.2	233.0	173.2	1.3	(86.3)	645.4	(B)
Depreciation and amortization	161.7	110.0	48.3	6.6	13.0	339.6
Equity affiliates' income	28.1	7.3	29.5	98.9	2.1	165.9
Three Months Ended 31 March 2022
Sales	$1,186.6	$751.2	$738.6	$28.9	$239.8	$2,945.1	(A)
Operating income (loss)	275.5	203.6	116.4	4.8	(38.4)	561.9	(B)
Depreciation and amortization	153.7	111.8	50.3	6.9	13.2	335.9
Equity affiliates' income	20.1	6.2	23.3	71.1	0.1	120.8

(A)Sales relate to external customers only. All intersegment sales are eliminated in consolidation.

(B)Refer to the Reconciliation to Consolidated Results section below.

	Americas	Asia	Europe	Middle East  and India	Corporate and other	Total
Six Months Ended 31 March 2023
Sales	$2,757.3	$1,591.7	$1,544.8	$86.2	$394.8	$6,374.8	(A)
Operating income (loss)	667.2	468.9	319.0	8.0	(165.7)	1,297.4	(B)
Depreciation and amortization	317.7	211.9	92.6	13.2	25.7	661.1
Equity affiliates' income	44.5	14.7	47.2	163.0	6.5	275.9
Six Months Ended 31 March 2022
Sales	$2,410.7	$1,531.6	$1,482.8	$52.6	$461.6	$5,939.3	(A)
Operating income (loss)	542.7	424.7	215.6	9.6	(107.7)	1,084.9	(B)
Depreciation and amortization	309.0	222.6	100.1	13.0	23.5	668.2
Equity affiliates' income	54.3	12.8	37.2	163.4	0.9	268.6
Total Assets
31 March 2023	$8,859.0	$7,422.7	$3,914.4	$4,451.8	$4,787.5	$29,435.4
30 September 2022	8,237.7	6,968.7	3,645.1	2,980.7	5,360.4	27,192.6

(A)Sales relate to external customers only. All intersegment sales are eliminated in consolidation.

(B)Refer to the Reconciliation to Consolidated Results section below.

Reconciliation to Consolidated Results

The table below reconciles total operating income disclosed in the tables above to consolidated operating income as reflected on our consolidated income statements:

	Three Months Ended		Six Months Ended
	31 March		31 March
Operating Income	2023	2022	2023	2022
Total	$645.4	$561.9	$1,297.4	$1,084.9
Business and asset actions	(185.6)	—	(185.6)	—
Consolidated Operating Income	$459.8	$561.9	$1,111.8	$1,084.9