Revenue Recognition (Tables)

3 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

The following tables present the Company's revenues disaggregated by segment and by Products & Systems and Services revenue (in millions):


	Three Months Ended December 31,
	2023						2022
	Products & Systems		Services		Total		Products & Systems		Services		Total

Building Solutions North America	$	1,518	$	969	$	2,487	$	1,451	$	916	$	2,367
Building Solutions EMEA/LA	572		466		1,038		552		423		975
Building Solutions Asia Pacific	337		170		507		473		173		646
Global Products	2,062		—		2,062		2,080		—		2,080

Total	$	4,489	$	1,605	$	6,094	$	4,556	$	1,512	$	6,068

The following table presents further disaggregation of Global Products segment revenues by product type (in millions):


	Three Months Ended December 31,
	2023		2022
HVAC	$	1,418	$	1,440
Fire & Security	547		570
Industrial Refrigeration	97		70
Total	$	2,062	$	2,080

Contract with Customer, Asset and Liability

The following table presents the location and amount of contract balances in the Company's consolidated statements of financial position (in millions):


	Location of contract balances	December 31, 2023		September 30, 2023
Contract assets - current	Accounts receivable - net	$	2,170	$	2,370
Contract assets - noncurrent	Other noncurrent assets	4		12
Contract liabilities - current	Deferred revenue	2,122		1,996
Contract liabilities - noncurrent	Other noncurrent liabilities	306		297

Capitalized Contract Cost

The following table presents the location and amount of costs to obtain or fulfill a contract recorded in the Company's consolidated statements of financial position (in millions):


	December 31, 2023		September 30, 2023
Other current assets	$	183	$	156
Other noncurrent assets	215		224
Total	$	398	$	380