XML 34 R41.htm IDEA: XBRL DOCUMENT v3.19.3
Retirement Plans (Tables)
 12 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Schedule Of Retirement Plans Expense
 
U.S. Plans
 
Non-U.S. Plans
 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

Defined benefit plans:
 
 
 
 
 
 
 
 
 
 
 
     Service cost (benefits earned during the period)
$
60

 
52

 
47

 
19

 
24

 
24

     Interest cost
134

 
141

 
155

 
30

 
39

 
38

     Expected return on plan assets
(290
)
 
(283
)
 
(281
)
 
(56
)
 
(67
)
 
(68
)
     Net amortization and other
211

 
129

 
81

 
22

 
14

 
6

       Net periodic pension expense
115

 
39

 
2

 
15

 
10

 
—

Defined contribution plans
96

 
132

 
125

 
47

 
52

 
56

             Total retirement plans expense
$
211

 
171

 
127

 
62

 
62

 
56
Reconciliations Of Actuarial Present Value Of Projected Benefit Obligations And Fair Value Of Plan Assets For Defined Benefit Pension Plans
Details of the changes in the actuarial present value of the projected benefit obligation and the fair value of plan assets for defined benefit pension plans follow:
 
U.S. Plans
 
Non-U.S. Plans
 
2018

 
2019

 
2018

 
2019

Projected benefit obligation, beginning
$
4,369

 
3,957

 
1,489

 
1,442

     Service cost
52

 
47

 
24

 
24

     Interest cost
141

 
155

 
39

 
38

     Actuarial (gain) loss
(262
)
 
608

 
(51
)
 
216

     Benefits paid
(205
)
 
(206
)
 
(36
)
 
(36
)
     Settlements
(152
)
 
(152
)
 
(49
)
 
(41
)
     Acquisitions (Divestitures), net
13

 
—

 
54

 
2

     Foreign currency translation and other
1

 
1

 
(28
)
 
(61
)
Projected benefit obligation, ending
$
3,957

 
4,410

 
1,442

 
1,584

 
 
 
 
 
 
 
 
Fair value of plan assets, beginning
$
4,292

 
4,233

 
1,236

 
1,243

     Actual return on plan assets
265

 
316

 
69

 
135

     Employer contributions
20

 
16

 
41

 
44

     Benefits paid
(205
)
 
(206
)
 
(36
)
 
(36
)
     Settlements
(152
)
 
(152
)
 
(49
)
 
(41
)
     Acquisitions (Divestitures), net
12

 
—

 
10

 
—

     Foreign currency translation and other
1

 
1

 
(28
)
 
(61
)
Fair value of plan assets, ending
$
4,233

 
4,208

 
1,243

 
1,284

 
 
 
 
 
 
 
 
     Net amount recognized in the balance sheet
$
276

 
(202
)
 
(199
)
 
(300
)
 
 
 
 
 
 
 
 
Location of net amount recognized in the balance sheet:
 
 
 
 
 
 
 
Noncurrent asset
$
465

 
67

 
126

 
97

Current liability
(10
)
 
(11
)
 
(13
)
 
(14
)
Noncurrent liability
(179
)
 
(258
)
 
(312
)
 
(383
)
     Net amount recognized in the balance sheet
$
276

 
(202
)
 
(199
)
 
(300
)
 
 
 
 
 
 
 
 
Pretax accumulated other comprehensive loss
$
(548
)
 
(1,040
)
 
(164
)
 
(307
)
Schedule Of Weighted-Average Assumptions Used In Valuations Of Pension Benefits
The weighted-average assumptions used in the valuation of pension benefits follow:
 
U.S. Plans
 
Non-U.S. Plans
 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

Net pension expense
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine service cost
3.75
%
 
3.95
%
 
4.33
%
 
2.3
%
 
2.6
%
 
2.7
%
Discount rate used to determine interest cost
2.90
%
 
3.25
%
 
3.98
%
 
2.3
%
 
2.6
%
 
2.7
%
Expected return on plan assets
7.25
%
 
7.00
%
 
7.00
%
 
6.2
%
 
5.7
%
 
6.1
%
Rate of compensation increase
3.25
%
 
3.25
%
 
3.25
%
 
3.2
%
 
3.4
%
 
3.5
%
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligations
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.76
%
 
4.26
%
 
3.22
%
 
2.6
%
 
2.7
%
 
1.9
%
Rate of compensation increase
3.25
%
 
3.25
%
 
3.25
%
 
3.4
%
 
3.5
%
 
3.7
%
Schedule Of Asset Allocations And Weighted-Average Target Allocations
The fair values of defined benefit pension assets as of September 30, organized by asset class and by the fair value hierarchy of ASC 820, Fair Value Measurement, follow. Investments valued based on the net asset value (NAV) of fund units held, as derived from the fair value of the underlying assets, are excluded from the fair value hierarchy.
 
Level 1

 
Level 2

 
Level 3

 
Measured at NAV
 
Total

 
%

2019
 
 
 
 
 
 
 
 
 
 
 
U.S. equities
$
789

 
5

 
386

 
284

 
1,464

 
27
%
International equities
459

 
15

 
—

 
615

 
1,089

 
20
%
Emerging market equities
—

 
—

 
—

 
213

 
213

 
4
%
Corporate bonds
—

 
1,008

 
—

 
464

 
1,472

 
27
%
Government bonds
0

 
512

 
—

 
540

 
1,052

 
19
%
High-yield bonds
—

 
—

 
—

 
—

 
—

 
—
%
Other
1

 
8

 
129

 
64

 
202

 
3
%
     Total
$
1,249

 
1,548

 
515

 
2,180

 
5,492

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
 
 
U.S. equities
$
968

 
5

 
350

 
320

 
1,643

 
30
%
International equities
595

 
21

 
—

 
745

 
1,361

 
25
%
Emerging market equities
—

 
—

 
—

 
243

 
243

 
5
%
Corporate bonds
—

 
696

 
—

 
423

 
1,119

 
20
%
Government bonds
—

 
350

 
—

 
438

 
788

 
14
%
High-yield bonds
—

 
—

 
—

 
10

 
10

 
—
%
Other
107

 
6

 
121

 
78

 
312

 
6
%
     Total
$
1,670

 
1,078

 
471

 
2,257

 
5,476

 
100
%

The Company's asset allocations at September 30, 2019 and 2018, and weighted-average target allocations follow:
 
U.S. Plans
 
Non-U.S. Plans
 
2018

 
2019

 
Target
 
2018

 
2019

 
Target
Equity securities
62
%
 
53
%
 
50-60%
 
52
%
 
42
%
 
40-50%
Debt securities
34

 
46

 
40-50
 
38

 
47

 
45-55
Other
4

 
1

 
0-10
 
10

 
11

 
5-15
     Total
100
%
 
100
%
 
100%
 
100
%
 
100
%
 
100%
Reconciliation Of Change In Value For Level 3 Assets
Details of the changes in value for Level 3 assets follow:
 
2018

 
2019

Level 3, beginning
$
451

 
471

     Gains (Losses) on assets held
1

 
—

     Gains (Losses) on assets sold
37

 
34

     Purchases, sales and settlements, net
(18
)
 
10

Level 3, ending
$
471

 
515