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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value
The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value (in millions):
 Fair Value Measurements Using:
 Total as of September 30, 2025Quoted Prices
in Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$14 $— $14 $— 
Commodity derivatives— — 
Other noncurrent assets
Deferred compensation plan assets63 63 — — 
Exchange traded funds (fixed income)(1)
73 73 — — 
Exchange traded funds (equity)(1)
217 217 — — 
Total assets$368 $353 $15 $— 
Other current liabilities
Foreign currency exchange derivatives$23 $— $23 $— 
Commodity derivatives— — 
Contingent earn-out liabilities19 — — 19 
Total liabilities$43 $— $24 $19 
 (1) Classified as restricted investments for payment of asbestos liabilities. Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements for further details.
 Fair Value Measurements Using:
 Total as of September 30, 2024Quoted Prices
in Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$20 $— $20 $— 
Commodity derivatives
— — 
Other noncurrent assets
Deferred compensation plan assets56 56 — — 
Exchange traded funds (fixed income)(1)
81 81 — — 
Exchange traded funds (equity)(1)
200 200 — — 
Total assets$359 $337 $22 $— 
Other current liabilities
Foreign currency exchange derivatives$25 $— $25 $— 
Commodity derivatives— — 
Contingent earn-out liabilities14 — — 14 
Other noncurrent liabilities
Contingent earn-out liabilities14 — — 14 
Total liabilities$54 $— $26 $28 
 (1) Classified as restricted investments for payment of asbestos liabilities. Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements for further details.
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the portion of unrealized gains recognized in the consolidated statements of income that relate to equity securities still held at September 30, 2025 and 2024 (in millions):
Year Ended
September 30,
20252024
Deferred compensation plan assets$$10 
Investments in exchange traded funds29 58 
Fair Value of Long-Term Debt
The fair value of long-term debt at September 30, 2025 and 2024 was as follows (in billions):
September 30,
20252024
Public debt$8.4 $8.1 
Other long-term debt0.5 0.2 
Total fair value of long-term debt$8.9 $8.3