v3.24.2
Revenue Recognition (Tables)
 9 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables present the Company's revenues disaggregated by segment and by Products & Systems and Services revenue (in millions):
Three Months Ended June 30,
20242023
Products & SystemsServicesTotalProducts & SystemsServicesTotal
Building Solutions North America$1,791 $1,108 $2,899 $1,636 $1,029 $2,665 
Building Solutions EMEA/LA574 507 1,081 571 474 1,045 
Building Solutions Asia Pacific381 194 575 537 199 736 
Global Products2,676 — 2,676 2,687 — 2,687 
Total$5,422 $1,809 $7,231 $5,431 $1,702 $7,133 

Nine Months Ended June 30,
20242023
Products & SystemsServicesTotalProducts & SystemsServicesTotal
Building Solutions North America$5,009 $3,116 $8,125 $4,641 $2,911 $7,552 
Building Solutions EMEA/LA1,718 1,465 3,183 1,705 1,346 3,051 
Building Solutions Asia Pacific1,026 547 1,573 1,489 560 2,049 
Global Products7,143 — 7,143 7,235 — 7,235 
Total$14,896 $5,128 $20,024 $15,070 $4,817 $19,887 

The following table presents further disaggregation of Global Products segment revenues by product type (in millions):
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
HVAC$1,971 $1,973 $5,072 $5,170 
Fire & Security601 626 1,755 1,819 
Industrial Refrigeration104 88 316 246 
Total$2,676 $2,687 $7,143 $7,235 
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 balancesJune 30, 2024September 30, 2023
Contract assets - currentAccounts receivable - net$1,961 $2,370 
Contract assets - noncurrentOther noncurrent assets9 12 
Contract liabilities - currentDeferred revenue2,143 1,996 
Contract liabilities - noncurrentOther noncurrent liabilities314 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):

June 30, 2024September 30, 2023
Other current assets$247 $156 
Other noncurrent assets278 224 
Total$525 $380