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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales $ 4,380 $ 3,946 $ 12,873 $ 11,075
Cost of sales 2,066 1,952 6,359 5,660
Selling, general and administrative expenses 1,254 1,042 3,827 3,072
Gain on subordinated interest 0 0 (79) 0
Loss on Copeland note receivable 279 0 279 0
Other deductions, net 294 130 1,075 359
Interest expense (net of interest income of $58, $32, $96 and $105, respectively) 56 10 157 111
Earnings from continuing operations before income taxes 455 822 1,341 1,883
Income taxes 88 168 266 400
Earnings from continuing operations 367 654 1,075 1,483
Discontinued operations, net of tax of $2,004, $5, $3,009 and $27, respectively (15) 8,712 (88) 10,979
Net earnings 352 9,366 987 12,462
Less: Noncontrolling interests in subsidiaries 23 14 15 (13)
Net earnings common stockholders 329 9,352 972 12,475
Earnings common stockholders:        
Earnings from continuing operations 344 643 1,060 1,502
Discontinued operations $ (15) $ 8,709 $ (88) $ 10,973
Basic earnings per share common stockholders:        
Earnings from continuing operations (in dollars per share) $ 0.60 $ 1.12 $ 1.85 $ 2.61
Discontinued operations (in dollars per share) (0.02) 15.24 (0.15) 19.06
Basic earnings per common share (in dollars per share) 0.58 16.36 1.70 21.67
Diluted earnings per share common stockholders:        
Earnings from continuing operations (in dollars per share) 0.60 1.12 1.84 2.60
Discontinued operations (in dollars per share) (0.03) 15.16 (0.15) 18.96
Diluted earnings per common share (in dollars per share) $ 0.57 $ 16.28 $ 1.69 $ 21.56
Weighted average outstanding shares:        
Basic (in shares) 571.9 570.9 571.4 575.1
Diluted (in shares) 574.8 574.0 574.1 578.1
Related Party        
Interest income from related party $ (24) $ (10) $ (86) $ (10)