v3.26.3
LEASES (Tables)
 12 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Lease, Cost
The components of lease expense for the fiscal years ended September 30, 2026, 2025 and 2024 are as follows (in millions):
Fiscal Years Ended September 30,
Classification202620252024
Operating lease costCost of sales or selling and administrative expenses$34 $23 $22 
Finance lease cost:
Amortization of leased assetsCost of sales18 15 12 
Interest on lease liabilitiesInterest expense-net22 19 16 
Total lease cost$74 $57 $50 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash flow information related to leases for the fiscal years ended September 30, 2026, 2025 and 2024 is as follows (in millions):
Fiscal Years Ended September 30,
202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$33 $23 $21 
Operating cash outflows from finance leases17 16 14 
Financing cash outflows from finance leases8 7 6 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$55 $25 $21 
Finance leases49 25 83 
Operating Leases, Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases is as follows (in millions):
ClassificationSeptember 30, 2026September 30, 2025
Operating Leases
Operating lease right-of-use assetsOther non-current assets$92 $65 
Current operating lease liabilitiesAccrued and other current liabilities22 15 
Long-term operating lease liabilitiesOther non-current liabilities74 51 
Total operating lease liabilities$96 $66 
Finance Leases
Finance lease right-of-use assets, netProperty, plant and equipment-net$307 $264 
Current finance lease liabilitiesCurrent portion of long-term debt12 8 
Long-term finance lease liabilitiesLong-term debt332 276 
Total finance lease liabilities$344 $284 
Leases, Weighted-Average Term and Discount Rate Remaining
As of September 30, 2026 and 2025 the Company has the following remaining lease term and weighted average discount rates:
September 30, 2026September 30, 2025
Weighted-average remaining lease term
Operating leases5.2 years6.4 years
Finance leases20.0 years19.8 years
Weighted-average discount rate
Operating leases6.0%5.7%
Finance leases6.9%7.0%
Finance Lease, Liability, Maturity maturities of lease liabilities are as follows (in millions):
Fiscal Years Ended September 30,Operating LeasesFinance Leases
2027$27 $29 
202821 30 
202917 31 
203012 31 
20319 32 
Thereafter35 509 
Total future minimum lease payments121 662 
Less: imputed interest25 318 
Total lease liabilities$96 $344 
Lessee, Operating Lease, Liability, Maturity maturities of lease liabilities are as follows (in millions):
Fiscal Years Ended September 30,Operating LeasesFinance Leases
2027$27 $29 
202821 30 
202917 31 
203012 31 
20319 32 
Thereafter35 509 
Total future minimum lease payments121 662 
Less: imputed interest25 318 
Total lease liabilities$96 $344