v3.25.2
Fair Value Measurements (Tables)
 9 Months Ended
Jun. 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
June 30, 2025		Quoted Prices
in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Other current assets
Foreign currency exchange derivatives$13 $— $13 $— 
       Commodity derivatives3 — 3 — 
Other noncurrent assets
Deferred compensation plan assets59 59 — — 
Exchange traded funds (fixed income)(1)
74 74 — — 
Exchange traded funds (equity)(1)
204 204 — — 
Total assets$353 $337 $16 $— 
Other current liabilities
Foreign currency exchange derivatives$18 $— $18 $— 
Commodity derivatives1 — 1 — 
Contingent earn-out liabilities25 — — 25 
Total liabilities$44 $— $19 $25 

(1) Classified as restricted investments for payment of asbestos liabilities. See Note 18, "Commitments and Contingencies," of the notes to the 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
2 — 2 — 
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 derivatives1 — 1 — 
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. See Note 18, "Commitments and Contingencies," of the notes to the 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 June 30, 2025 and 2024 (in millions):

Three Months Ended June 30,Nine Months Ended June 30,
2025202420252024
 Deferred compensation plan assets$4 $— $2 $7 
 Investments in exchange traded funds20 4 12 43 
Fair Value of Long-Term Debt
The fair value of long-term debt at June 30, 2025 and September 30, 2024 was as follows (in billions):
June 30,September 30,
20252024
Public debt$8.3 $8.1 
Other long-term debt0.3 0.2 
Total fair value of long-term debt$8.6 $8.3