Discontinued Operations and Disposal Groups (Tables)

9 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three and nine months ended June 30, 2023 and 2022 and were as follows:

	Climate Technologies				ISE and TOD				Total
	Three Months Ended June 30,				Three Months Ended June 30,			Three Months Ended June 30,
		2022		2023		2022	2023		2022	2023
Net sales		$	1,325	847		215	—		1,540	847
Cost of sales		892		516		137	—		1,029	516
SG&A		129		122		29	—		158	122
Gain on sale of business		—		(10,576)		—	—		—	(10,576)
Other deductions, net		14		8		(478)	—		(464)	8
Earnings before income taxes		290		10,777		527	—		817	10,777
Income taxes		63		2,014		57	—		120	2,014
Earnings, net of tax		$	227	8,763		470	—		697	8,763
	Climate Technologies				ISE and TOD				Total
	Nine Months Ended June 30,				Nine Months Ended June 30,			Nine Months Ended June 30,
		2022		2023		2022	2023		2022	2023
Net sales		$	3,659	3,156		698	49		4,357	3,205
Cost of sales		2,520		2,000		443	29		2,963	2,029
SG&A		383		391		98	8		481	399
Gain on sale of business		—		(10,576)		—	(2,783)		—	(13,359)
Other deductions, net		26		75		(465)	12		(439)	87
Earnings before income taxes		730		11,266		622	2,783		1,352	14,049
Income taxes		158		2,366		102	653		260	3,019
Earnings, net of tax		$	572	8,900		520	2,130		1,092	11,030

Climate Technologies' results for the three and nine months ended June 30, 2023 include lower expense of $26 and $96, respectively, due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $57 of transaction-related costs for the nine months ended June 30, 2023. Income taxes for the nine months ended June 30, 2023 included approximately $2.2 billion for the gain on the Copeland transaction and subsidiary restructurings in prior quarters, and approximately $660 related to the gain on the InSinkErator divestiture.

The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of June 30, 2023 and September 30, 2022 are summarized as follows:

	Climate Technologies				ISE			Total
		Sept. 30,		June 30,		Sept. 30,	June 30,		Sept. 30,	June 30,
Assets		2022		2023		2022	2023		2022	2023
Receivables		$	747	—		68	—		815	—
Inventories		449		—		81	—		530	—
Other current assets		49		—		4	—		53	—
Property, plant & equipment, net		1,122		—		141	—		1,263	—
Goodwill		716		—		2	—		718	—
Other noncurrent assets		265		—		12	—		277	—
Total assets held-for-sale		$	3,348	—		308	—		3,656	—
Liabilities
Accounts payable		$	752	—		60	—		812	—
Other current liabilities		475		—		61	—		536	—
Deferred taxes and other      noncurrent liabilities		154		—		13	—		167	—
Total liabilities held-for-sale		$	1,381	—		134	—		1,515	—

Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the nine months ended June 30, 2023 and 2022 were as follows:

	Climate Technologies				ISE and TOD				Total
	Nine Months Ended June 30,				Nine Months Ended June 30,			Nine Months Ended June 30,
		2022		2023		2022	2023		2022	2023
Cash from operating activities		$	486	156		(16)	(595)		470	(439)
Cash from investing activities		$	(112)	9,430		551	3,055		439	12,485