v3.25.2
Assets and Liabilities Held for Sale and Discontinued Operations (Tables)
 9 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the results of the R&LC HVAC business which are reported as discontinued operations (in millions):
Three Months Ended June 30,Nine Months Ended June 30,
2025202420252024
Net sales$1,369 $1,333 $3,404 $3,320 
Cost of goods sold1,007 954 2,579 2,468 
Gross profit362 379 825 852 
Selling, general and administrative expenses212 195 584 562 
Restructuring and impairment costs12 3 21 22 
Net financing charges5 2 6 17 
Equity income77 75 211 196 
Income from discontinued operations before income taxes210 254 425 447 
Provision for income taxes on discontinued operations50 53 124 98 
Income from discontinued operations, net of tax160 201 301 349 
Income from discontinued operations attributable to noncontrolling interest, net of tax77 78 157 148 
Income from discontinued operations$83 $123 $144 $201 
Summary of Assets and Liabilities Held for Sale
The following table summarizes the assets and liabilities of the R&LC HVAC business which were classified as held for sale (in millions):

June 30, 2025September 30, 2024
Cash$2 $5 
Accounts receivable - net751 592 
Inventories1,089 876 
Other current assets135 122 
Current assets held for sale1,977 1,595 
Property, plant and equipment - net808 793 
Goodwill1,195 1,182 
Other intangible assets - net98 96 
Investments in partially-owned affiliates769 949 
Other noncurrent assets198 190 
Noncurrent assets held for sale3,068 3,210 
Total assets classified as held for sale$5,045 $4,805 
Accounts payable$1,083 $917 
Accrued compensation and benefits101 113 
Deferred revenue125 84 
Other current liabilities 339 317 
Current liabilities held for sale1,648 1,431 
Pension and postretirement benefit obligations27 28 
Other noncurrent liabilities362 377 
Noncurrent liabilities held for sale389 405 
Total liabilities classified as held for sale$2,037 $1,836