v3.26.3
Leases
12 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases Leases
We have operating leases primarily for real estate, vehicles, and equipment. We have finance leases primarily for equipment. Our leases have remaining lease terms from less than one year to approximately 14 years.
The components of lease expense were (in millions):
202620252024
Operating lease expense (1)
$112 $115 $110 
Variable lease expense (2)
21 21 20 
Finance lease expense, amortization of right-of-use assets5 6 8 
Total lease expense$138 $142 $138 
(1) Operating lease expense includes short-term lease expense, which was not material.
(2) Variable lease expense includes sublease income, which was not material.
Supplemental balance sheet information related to leases consists of:
20262025
Weighted average remaining lease term
Operating leases5.6 years6.0 years
Finance leases2.5 years3.5 years
Weighted average discount rate
Operating leases4.00 %3.81 %
Finance leases3.90 %3.73 %
Undiscounted maturities of lease liabilities as of September 30, 2026, were (in millions):
Finance LeasesOperating Leases
2027$2 $105 
20282 86 
2029— 63 
2030— 47 
2031— 31 
Thereafter— 81 
Total undiscounted lease payments$4 $413 
Less: Imputed interest— (43)
Total lease liabilities$4 $370 
As of September 30, 2026, we have additional operating leases for facilities that have not yet commenced with undiscounted lease obligations of approximately $6 million. These leases will commence in fiscal 2027.
Supplemental cash flow information related to leases consists of (in millions):
202620252024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$114 $117 $110 
Financing cash flows from finance leases64 6 10 
Right-of-use assets obtained in exchange for lease obligations
Operating leases$53 $68 $163 
Financing leases62 — 9