v3.26.1
Derivative Financial Instruments
 9 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
The Company uses derivative financial instruments, primarily foreign currency forward exchange contracts, for the purposes of managing foreign currency exchange rate risk on expected future cash flows.
As of June 30, 2026, the Company had outstanding foreign currency forward exchange contracts for the sale of $524 million and the purchase of $292 million of foreign currencies at fixed rates. As of September 30, 2025, the Company had outstanding foreign currency forward exchange contracts for the sale of $460 million and the purchase of $170 million of foreign currencies at fixed rates.
The Company recorded realized pre-tax losses of $4 million and unrealized pre-tax gains of $4 million related to its foreign currency forward exchange contracts in the condensed consolidated statement of operations as other expense for the nine months ended June 30, 2026. The Company recorded realized pre-tax gains of $7 million and unrealized pre-tax losses of $5 million related to its foreign currency forward exchange contracts in the condensed consolidated statement of operations as other expense for the nine months ended June 30, 2025.
The following is a summary of amounts recorded in the consolidated balance sheets pertaining to the Company’s derivative instruments at June 30, 2026 and September 30, 2025:
June 30,
2026		September 30,
2025
(in millions)
Other Current Assets:
Foreign currency forward exchange contracts (a)$5 $— 
Other Noncurrent Assets:
Interest rate cap (b)$1 $— 
Other Current Liabilities:
Foreign currency forward exchange contracts (a)$(1)$(3)
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(a)For June 30, 2026 includes $14 million and $10 million of foreign exchange derivative contracts in asset and liability positions, respectively, which net to $5 million of current assets and $1 million of current liabilities, respectively. For September 30, 2025 includes $3 million and $6 million of foreign exchange derivative contracts in asset and liability positions, respectively, which net to $0 million of current assets and $3 million of current liabilities, respectively.
(b)For June 30, 2026 includes $1 million of an interest rate cap in a noncurrent asset position for an interest rate cap that caps the interest rate on a portion of the Beethoven Debt at 4.445% for two years.