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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 4,376 $ 3,756 $ 8,493 $ 7,129
Cost of sales 2,092 1,955 4,293 3,708
Selling, general and administrative expenses 1,296 1,000 2,573 2,030
Gain on subordinated interest (79) 0 (79) 0
Other deductions, net 389 109 876 229
Interest expense (net of interest income of $18, $33, $38 and $73, respectively) 57 53 101 101
Earnings from continuing operations before income taxes 652 639 791 1,061
Income taxes 149 134 156 232
Earnings from continuing operations 503 505 635 829
Discontinued operations, net of tax of $39, $—, $1,005 and $—, respectively 0 265 0 2,267
Net earnings 503 770 635 3,096
Less: Noncontrolling interests in subsidiaries 2 (22) (8) (27)
Net earnings common stockholders 501 792 643 3,123
Earnings common stockholders:        
Earnings from continuing operations 501 530 643 859
Discontinued operations $ 0 $ 262 $ 0 $ 2,264
Basic earnings per share common stockholders:        
Earnings from continuing operations (in dollars per share) $ 0.87 $ 0.93 $ 1.12 $ 1.49
Discontinued operations (in dollars per share) 0 0.46 0 3.92
Basic earnings per common share (in dollars per share) 0.87 1.39 1.12 5.41
Diluted earnings per share common stockholders:        
Earnings from continuing operations (in dollars per share) 0.87 0.92 1.12 1.48
Discontinued operations (in dollars per share) 0 0.46 0 3.90
Diluted earnings per common share (in dollars per share) $ 0.87 $ 1.38 $ 1.12 $ 5.38
Weighted average outstanding shares:        
Basic (in shares) 571.4 570.9 571.1 577.2
Diluted (in shares) 574.1 573.6 573.7 580.1
Related Party        
Interest income from related party $ (31) $ 0 $ (62) $ 0