Woodward (WWD) 10-Q 5 Aug 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2022	Aug. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-08408
Entity Registrant Name	WOODWARD, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-1984010
Entity Address, Address Line One	1081 Woodward Way
Entity Address, City or Town	Fort Collins
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80524
City Area Code	970
Local Phone Number	482-5811
Title of 12(b) Security	Common Stock, par value $0.001455 per share
Trading Symbol	WWD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		60,163,897
Amendment Flag	false
Entity Central Index Key	0000108312
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2022

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 614,332	$ 556,675	$ 1,742,757	$ 1,675,615
Costs and expenses:
Cost of goods sold	480,403	422,457	1,352,979	1,258,340
Selling, general and administrative expenses	46,490	48,021	152,920	148,461
Research and development costs	32,224	29,765	90,000	89,388
Interest expense	8,533	8,397	25,036	25,552
Interest income	(353)	(308)	(1,494)	(1,086)
Other (income) expense, net	(3,252)	(10,355)	(18,813)	(29,809)
Total costs and expenses	564,045	497,977	1,600,628	1,490,846
Earnings before income taxes	50,287	58,698	142,129	184,769
Income tax expense	10,841	9,837	24,472	26,025
Net earnings	$ 39,446	$ 48,861	$ 117,657	$ 158,744
Earnings per share:
Basic earnings per share	$ 0.65	$ 0.77	$ 1.90	$ 2.51
Diluted earnings per share	$ 0.64	$ 0.74	$ 1.84	$ 2.42
Weighted Average Common Shares Outstanding:
Basic	60,506	63,559	62,052	63,215
Diluted	62,088	65,910	63,937	65,499

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Condensed Consolidated Statements of Comprehensive Earnings
Net earnings	$ 39,446	$ 48,861	$ 117,657	$ 158,744
Other comprehensive earnings:
Foreign currency translation adjustments	(27,648)	8,255	(34,707)	16,590
Net gain (loss) on foreign currency transactions designated as hedges of net investments in foreign subsidiaries	2,887	(750)	4,631	(648)
Taxes on changes in foreign currency translation adjustments	(2,424)	476	(3,873)	(395)
Foreign currency translation and transactions adjustments, net of tax	(27,185)	7,981	(33,949)	15,547
Unrealized gain (loss) on fair value adjustment of derivative instruments	34,207	8,402	58,987	(13,364)
Reclassification of net realized (gain) loss on derivatives to earnings	(26,968)	7,204	(43,299)	7,481
Taxes on changes in derivative transactions	(254)	(328)	(549)	(125)
Derivative adjustments, net of tax	6,985	15,278	15,139	(6,008)
Amortization of pension and other postretirement plan:
Net prior service cost	252	248	754	746
Net loss	177	380	551	1,127
Foreign currency exchange rate changes on pension and other postretirement benefit plan liabilities	1,834	(363)	2,456	(1,607)
Taxes on changes in pension and other postretirement benefit plan liability adjustments, net of foreign currency exchange rate changes	(668)	(49)	(1,074)	23
Pension and other postretirement benefit plan adjustments, net of tax	1,595	216	2,687	289
Total comprehensive earnings	$ 20,841	$ 72,336	$ 101,534	$ 168,572

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Current assets:
Cash and cash equivalents, including restricted cash of $359 and $1,907, respectively	$ 99,701	$ 448,462
Accounts receivable, less allowance for uncollectible amounts of $3,043 and $3,664, respectively	587,546	523,051
Inventories	503,664	419,971
Income taxes receivable	13,408	12,071
Other current assets	49,396	61,168
Total current assets	1,253,715	1,464,723
Property, plant and equipment, net	913,468	950,569
Goodwill	779,144	805,333
Intangible assets, net	484,867	559,289
Deferred income tax assets	13,481	14,066
Other assets	311,114	297,024
Total assets	3,755,789	4,091,004
Current liabilities:
Short-term borrowings	49,200
Current portion of long-term debt	458	728
Accounts payable	195,402	170,909
Income taxes payable	18,713	11,481
Accrued liabilities	160,701	183,139
Total current liabilities	424,474	366,257
Long-term debt, less current portion	716,744	734,122
Deferred income tax liabilities	150,469	157,936
Other liabilities	554,489	617,908
Total liabilities	1,846,176	1,876,223
Commitments and contingencies (Note 21)
Stockholders' equity:
Preferred stock, par value $0.003 per share, 10,000 shares authorized, no shares issued
Common stock, par value $0.001455 per share, 150,000 shares authorized, 72,960 shares issued	106	106
Additional paid-in capital	290,900	261,735
Accumulated other comprehensive losses	(81,742)	(65,619)
Deferred compensation	6,761	7,949
Retained earnings	2,684,598	2,600,513
Stockholders' equity	2,900,623	2,804,684
Treasury stock at cost, 12,803 shares and 9,702 shares, respectively	(984,249)	(581,954)
Treasury stock held for deferred compensation, at cost, 140 shares and 167 shares, respectively	(6,761)	(7,949)
Total stockholders' equity	1,909,613	2,214,781
Total liabilities and stockholders' equity	$ 3,755,789	$ 4,091,004

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Current assets:
Restricted cash	$ 359	$ 1,907
Allowance, accounts receivable	$ 3,043	$ 3,664
Stockholders' equity:
Preferred stock, par value	$ 0.003	$ 0.003
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001455	$ 0.001455
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	72,960,000	72,960,000
Treasury stock, shares	12,803,000	9,702,000
Treasury stock held for deferred compensation, shares	140,000	167,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net earnings	$ 117,657	$ 158,744
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	91,258	97,799
Net (gain) on sales of assets and businesses	(1,545)	(4,073)
Stock-based compensation	17,136	19,053
Deferred income taxes	(56)	137
Changes in operating assets and liabilities:
Trade accounts receivable	(6,745)	4,107
Unbilled receivables (contract assets)	(64,892)	(25,159)
Costs to fulfill a contract	(13,541)	(14,750)
Inventories	(93,818)	13,562
Accounts payable and accrued liabilities	36,117	51,308
Contract liabilities	8,420	20,113
Income taxes	5,277	3,492
Retirement benefit obligations	(3,442)	(5,221)
Other	(5,810)	(1,197)
Net cash provided by operating activities	86,016	317,915
Cash flows from investing activities:
Payments for purchase of property, plant, and equipment	(37,105)	(21,347)
Proceeds from sale of assets	4	141
Proceeds from the sale of the renewable power systems business and other related businesses	6,000
Payments for purchases of short-term investments	(9,619)	(14,326)
Proceeds from sales of short-term investments	11,305	16,566
Net cash used in investing activities	(29,415)	(18,966)
Cash flows from financing activities:
Cash dividends paid	(33,572)	(25,734)
Proceeds from sales of treasury stock	20,283	32,219
Payments for repurchases of common stock	(440,233)
Borrowings on revolving lines of credit and short-term borrowings	477,400	74,400
Payments on revolving lines of credit and short-term borrowings	(428,200)	(74,400)
Payments of long-term debt and finance lease obligations	(644)	(101,214)
Net cash used in financing activities	(404,966)	(94,729)
Effect of exchange rate changes on cash and cash equivalents	(396)	4,517
Net change in cash and cash equivalents	(348,761)	208,737
Cash and cash equivalents, including restricted cash, at beginning of year	448,462	153,270
Cash and cash equivalents, including restricted cash, at end of period	$ 99,701	$ 362,007

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock at Cost [Member]	Treasury Stock Held for Deferred Compensaton [Member]	Additional Paid-in Capital [Member]	Foreign Currency Translation Adjustments [Member]	Unrealized Derivative Gains (Losses) [Member]	Minimum Retirement Benefit Liability Adjustments [Member]	Total Accumulated Other Comprehensive (Loss) Earnings [Member]	Deferred Compensation [Member]	Retained Earnings [Member]
Balances at Sep. 30, 2020	$ 1,992,677	$ 106	$ (577,476)	$ (9,222)	$ 231,936	$ (40,691)	$ (20,457)	$ (28,646)	$ (89,794)	$ 9,222	$ 2,427,905
Balance, Common Stock, shares at Sep. 30, 2020		72,960,000
Balance, Treasury Stock, shares at Sep. 30, 2020			(10,277,000)
Balance, Treasury stock held for deferred compensation, shares at Sep. 30, 2020				(199,000)
Net earnings	158,744										158,744
Other comprehensive earnings (loss), net of tax	9,828					15,547	(6,008)	289	9,828
Cash dividends paid	(25,734)										(25,734)
Sales of treasury stock	32,219		$ 33,326		(1,107)
Sales of treasury stock, shares			788,000
Common shares issued from treasury stock for benefit plans	14,900		$ 5,358		9,542
Common shares issued from treasury stock for benefit plans, shares			128,000
Stock-based compensation	19,053				19,053
Purchases/transfers of stock by/to deferred compensation plan				$ (357)						357
Purchases and transfer of stock by/to deferred compensation plan, shares				(3,000)
Distribution of stock from deferred compensation plan				$ 1,429						(1,429)
Distribution of stock from deferred compensation plan, shares				29,000
Balances at Jun. 30, 2021	2,201,687	$ 106	$ (538,792)	$ (8,150)	259,424	(25,144)	(26,465)	(28,357)	(79,966)	8,150	2,560,915
Balance, Common Stock, shares at Jun. 30, 2021		72,960,000
Balance, Treasury Stock, shares at Jun. 30, 2021			(9,361,000)
Balance, Treasury stock held for deferred compensation, shares at Jun. 30, 2021				(173,000)
Balances at Mar. 31, 2021	2,133,301	$ 106	$ (542,754)	$ (9,103)	257,006	(33,125)	(41,743)	(28,573)	(103,441)	9,103	2,522,384
Balance, Common Stock, shares at Mar. 31, 2021		72,960,000
Balance, Treasury Stock, shares at Mar. 31, 2021			(9,454,000)
Balance, Treasury stock held for deferred compensation, shares at Mar. 31, 2021				(192,000)
Net earnings	48,861										48,861
Other comprehensive earnings (loss), net of tax	23,475					7,981	15,278	216	23,475
Cash dividends paid	(10,330)										(10,330)
Sales of treasury stock	3,765		$ 3,962		(197)
Sales of treasury stock, shares			93,000
Stock-based compensation	2,615				2,615
Purchases/transfers of stock by/to deferred compensation plan				$ (40)						40
Distribution of stock from deferred compensation plan				$ 993						(993)
Distribution of stock from deferred compensation plan, shares				19,000
Balances at Jun. 30, 2021	2,201,687	$ 106	$ (538,792)	$ (8,150)	259,424	(25,144)	(26,465)	(28,357)	(79,966)	8,150	2,560,915
Balance, Common Stock, shares at Jun. 30, 2021		72,960,000
Balance, Treasury Stock, shares at Jun. 30, 2021			(9,361,000)
Balance, Treasury stock held for deferred compensation, shares at Jun. 30, 2021				(173,000)
Balances at Sep. 30, 2021	$ 2,214,781	$ 106	$ (581,954)	$ (7,949)	261,735	(32,904)	(25,597)	(7,118)	(65,619)	7,949	2,600,513
Balance, Common Stock, shares at Sep. 30, 2021	72,960,000	72,960,000
Balance, Treasury Stock, shares at Sep. 30, 2021	(9,702,000)		(9,702,000)
Balance, Treasury stock held for deferred compensation, shares at Sep. 30, 2021	(167,000)			(167,000)
Net earnings	$ 117,657										117,657
Other comprehensive earnings (loss), net of tax	(16,123)					(33,949)	15,139	2,687	(16,123)
Cash dividends paid	(33,572)										(33,572)
Sales of treasury stock	20,283		$ 18,855		1,428
Sales of treasury stock, shares			423,000
Common shares issued from treasury stock for benefit plans	17,168		$ 6,567		10,601
Common shares issued from treasury stock for benefit plans, shares			150,000
Purchases of treasury stock	(427,717)		$ (427,717)
Purchases of treasury stock, shares			(3,674,000)
Stock-based compensation	17,136				17,136
Purchases/transfers of stock by/to deferred compensation plan				$ (183)						183
Purchases and transfer of stock by/to deferred compensation plan, shares				(2,000)
Distribution of stock from deferred compensation plan				$ 1,371						(1,371)
Distribution of stock from deferred compensation plan, shares				29,000
Balances at Jun. 30, 2022	$ 1,909,613	$ 106	$ (984,249)	$ (6,761)	290,900	(66,853)	(10,458)	(4,431)	(81,742)	6,761	2,684,598
Balance, Common Stock, shares at Jun. 30, 2022	72,960,000	72,960,000
Balance, Treasury Stock, shares at Jun. 30, 2022	(12,803,000)		(12,803,000)
Balance, Treasury stock held for deferred compensation, shares at Jun. 30, 2022	(140,000)			(140,000)
Balances at Mar. 31, 2022	$ 2,051,879	$ 106	$ (829,446)	$ (6,678)	287,766	(39,668)	(17,443)	(6,026)	(63,137)	6,678	2,656,590
Balance, Common Stock, shares at Mar. 31, 2022		72,960,000
Balance, Treasury Stock, shares at Mar. 31, 2022			(11,427,000)
Balance, Treasury stock held for deferred compensation, shares at Mar. 31, 2022				(140,000)
Net earnings	39,446										39,446
Other comprehensive earnings (loss), net of tax	(18,605)					(27,185)	6,985	1,595	(18,605)
Cash dividends paid	(11,438)										(11,438)
Sales of treasury stock	770		$ 815		(45)
Sales of treasury stock, shares			18,000
Purchases of treasury stock	(155,618)		$ (155,618)
Purchases of treasury stock, shares			(1,394,000)
Stock-based compensation	3,179				3,179
Purchases/transfers of stock by/to deferred compensation plan				$ (68)						68
Purchases and transfer of stock by/to deferred compensation plan, shares				(1,000)
Distribution of stock from deferred compensation plan				$ (15)						15
Distribution of stock from deferred compensation plan, shares				1,000
Balances at Jun. 30, 2022	$ 1,909,613	$ 106	$ (984,249)	$ (6,761)	$ 290,900	$ (66,853)	$ (10,458)	$ (4,431)	$ (81,742)	$ 6,761	$ 2,684,598
Balance, Common Stock, shares at Jun. 30, 2022	72,960,000	72,960,000
Balance, Treasury Stock, shares at Jun. 30, 2022	(12,803,000)		(12,803,000)
Balance, Treasury stock held for deferred compensation, shares at Jun. 30, 2022	(140,000)			(140,000)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Stockholders Equity [Abstract]
Cash dividends per share	$ 0.1900	$ 0.1625	$ 0.5425	$ 0.4063

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 1. Basis of presentation The Condensed Consolidated Financial Statements of Woodward, Inc. (“Woodward” or the “Company”) as of June 30, 2022 and for the three and nine-months ended June 30, 2022 and 2021, included herein, have not been audited by an independent registered public accounting firm. These unaudited Condensed Consolidated Financial Statements reflect all normal recurring adjustments that, in the opinion of management, are necessary to present fairly Woodward’s financial position as of June 30, 2022, and the statements of earnings, comprehensive earnings, cash flows, and changes in stockholders’ equity for the periods presented herein. The results of operations for the three and nine-months ended June 30, 2022 and 2021 are not necessarily indicative of the operating results to be expected for other interim periods or for the full fiscal year. Dollar and share amounts contained in these unaudited Condensed Consolidated Financial Statements are in thousands, except per share amounts, unless otherwise noted. The unaudited Condensed Consolidated Financial Statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in Woodward’s most recent Annual Report on Form 10-K filed with the SEC and other financial information filed with the SEC. Management is required to use estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported revenues and expenses recognized during the reporting period, and certain financial statement disclosures, in the preparation of the unaudited Condensed Consolidated Financial Statements included herein. Significant estimates in these unaudited Condensed Consolidated Financial Statements include allowances for credit losses; net realizable value of inventories; variable consideration including customer rebates earned and payable and early payment discounts; warranty reserves; useful lives of property and identifiable intangible assets; the evaluation of impairments of property, intangible assets, and goodwill; the provision for income tax and related valuation reserves; the valuation of derivative instruments; assumptions used in the determination of the funded status and annual expense of pension and postretirement employee benefit plans; the valuation of stock compensation instruments granted to employees, board members and any other eligible recipients; estimates of incremental borrowing rates used when estimating the present value of future lease payments; assumptions used when including renewal options or non-exercise of termination options in lease terms; Global Business Conditions We continue to monitor a variety of external issues impacting our business, including the ongoing global impact of the COVID-19 pandemic, rising inflation, and global supply chain and labor disruptions. Although we continue to see recovery across most of our end markets, our financial performance during the first nine-months of fiscal year 2022 was adversely affected by these issues. We are unable to predict the full extent to which these impacts will continue to adversely affect our business, including our operational performance, results of operations, cash flows, financial position, and the achievement of our strategic objectives. We continue to actively monitor the situation and may take further actions regarding our business operations if we determine such actions are in the best interests of our shareholders, employees, customers, communities, business partners, and suppliers, or as required by federal, state or local authorities. It is not currently clear what the potential effects of any such alterations or modifications may have on our business in future periods, including the effects on our customers, employees and prospects, or on our financial results.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Jun. 30, 2022
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
New Accounting Standards	Note 2. New accounting standards From time to time, the Financial Accounting Standards Board (“FASB”) or other standards setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification (“ASC”) are communicated through issuance of an Accounting Standards Update (“ASU”). In the time since the Company filed its most recent Annual Report on Form 10-K for the fiscal year ended September 30, 2021, no new accounting standards have been issued, or are pending issuance, that are expected to have a material impact on the Condensed Consolidated Financial Statements upon adoption .

Revenue

Revenue	9 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Revenue	Note 3. Revenue The amount of revenue recognized as point in time or over time follows: Three-Months Ended June 30, 2022 Three-Months Ended June 30, 2021 Aerospace Industrial Consolidated Aerospace Industrial Consolidated Point in time $ 154,323 $ 119,808 $ 274,131 $ 114,947 $ 128,868 $ 243,815 Over time 247,389 92,812 340,201 225,965 86,895 312,860 Total net sales $ 401,712 $ 212,620 $ 614,332 $ 340,912 $ 215,763 $ 556,675 Nine-Months Ended June 30, 2022 Nine-Months Ended June 30, 2021 Aerospace Industrial Consolidated Aerospace Industrial Consolidated Point in time $ 428,212 $ 367,019 $ 795,231 $ 336,477 $ 414,305 $ 750,782 Over time 682,692 264,834 947,526 690,808 234,025 924,833 Total net sales $ 1,110,904 $ 631,853 $ 1,742,757 $ 1,027,285 $ 648,330 $ 1,675,615 Accounts Receivable Accounts receivable consisted of the following: June 30, 2022 September 30, 2021 Billed receivables Trade accounts receivable $ 318,227 $ 298,951 Other (Chinese financial institutions) 3,042 23,168 Total billed receivables 321,269 322,119 Current unbilled receivables (contract assets) 269,320 204,596 Total accounts receivable 590,589 526,715 Less: Allowance for uncollectible amounts (3,043 ) (3,664 ) Total accounts receivable, net $ 587,546 $ 523,051 As of June 30, 2022, “Other assets” on the Condensed Consolidated Balance Sheets includes $4,832 of unbilled receivables not expected to be invoiced and collected within a period of twelve months, compared to $9,424 as of September 30, 2021. Accounts receivable in Woodward’s Condensed Consolidated Financial Statements represent the net amount expected to be collected, and an allowance for uncollectible amounts related to credit losses is established based on expected losses. Expected losses are estimated by reviewing specific customer accounts, taking into consideration accounts receivable aging, credit risk of the customers, and historical payment history, as well as current and forecasted economic conditions and other relevant factors. The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Balance, beginning $ 3,141 $ 7,522 $ 3,664 $ 8,359 Charged to costs and expenses, or sales allowance 356 581 783 1,709 Deductions (302 ) (4,367 ) (1,410 ) (6,375 ) Other additions 1 (152 ) 95 6 138 Balance, ending $ 3,043 $ 3,831 $ 3,043 $ 3,831 (1) Includes effects of foreign exchange rate changes during the period. Contract liabilities Contract liabilities consisted of the following: June 30, 2022 September 30, 2021 Current Noncurrent Current Noncurrent Deferred revenue from material rights from GE joint venture formation $ 5,508 $ 235,763 $ 4,771 $ 234,237 Deferred revenue from advanced invoicing and/or prepayments from customers 1,288 39 4,192 290 Liability related to customer supplied inventory 12,657 — 14,169 — Deferred revenue from material rights related to engineering and development funding 6,397 160,827 6,395 151,797 Net contract liabilities $ 25,850 $ 396,629 $ 29,527 $ 386,324 Woodward recognized revenue of $5,140 in the three-months and $18,359 in the nine-months ended June 30, 2022 from contract liabilities balances recorded as of October 1, 2021, compared to $3,135 in the three-months and $16,809 in the nine-months ended June 30, 2021 from contract liabilities balances recorded as of October 1, 2020. Remaining performance obligations Remaining performance obligations related to the aggregate amount of the total contract transaction price of firm orders for which the performance obligation has not yet been recognized in revenue as of June 30, 2022 was $1,595,880, compared to $1,283,311 as of September 30, 2021, the majority of which relates to Woodward’s Aerospace segment in both periods. Woodward expects to recognize almost all of these remaining performance obligations within two years after June 30, 2022. Remaining performance obligations related to material rights that have not yet been recognized in revenue as of June 30, 2022 was $450,888, compared to $471,133 as of September 30, 2021, of which $2,413 is expected to be recognized in the remainder of fiscal year 2022, $12,681 is expected to be recognized in fiscal year 2023, and the remaining balance is expected to be recognized thereafter. Woodward expects to recognize revenue from performance obligations related to material rights over the life of the underlying programs, which may be as long as forty years. Disaggregation of Revenue Woodward designs, produces and services reliable, efficient, low-emission, and high-performance energy control products for diverse applications in markets throughout the world. Woodward reports financial results for each of its Aerospace and Industrial reportable segments. Woodward further disaggregates its revenue from contracts with customers by primary market as Woodward believes this best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors. Revenue by primary market for the Aerospace reportable segment was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Commercial OEM $ 131,968 $ 96,290 $ 359,683 $ 274,278 Commercial aftermarket 108,695 75,508 303,335 218,602 Defense OEM 115,205 117,204 318,392 384,097 Defense aftermarket 45,844 51,910 129,494 150,308 Total Aerospace segment net sales $ 401,712 $ 340,912 $ 1,110,904 $ 1,027,285 Revenue by primary market for the Industrial reportable segment was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Reciprocating engines $ 154,090 $ 166,143 $ 469,087 $ 494,099 Industrial turbines 58,530 49,620 162,766 154,231 Total Industrial segment net sales $ 212,620 $ 215,763 $ 631,853 $ 648,330 The customers who each account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows: Three and Nine-Months Ended June 30, 2022 Aerospace The Boeing Company, General Electric Company, Raytheon Technologies Industrial Rolls-Royce PLC, Wartsila, Caterpillar, Inc.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 4. Earnings per share Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per share reflects the weighted-average number of shares outstanding after consideration of the dilutive effect of stock options and restricted stock. The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Numerator: Net earnings $ 39,446 $ 48,861 $ 117,657 $ 158,744 Denominator: Basic shares outstanding 60,506 63,559 62,052 63,215 Dilutive effect of stock options and restricted stock 1,582 2,351 1,885 2,284 Diluted shares outstanding 62,088 65,910 63,937 65,499 Income per common share: Basic earnings per share $ 0.65 $ 0.77 $ 1.90 $ 2.51 Diluted earnings per share $ 0.64 $ 0.74 $ 1.84 $ 2.42 The following stock option grants were outstanding but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Options 1,048 34 479 49 Weighted-average option price $ 110.49 $ 123.23 $ 117.45 $ 114.00 The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Weighted-average treasury stock shares held for deferred compensation obligations 140 182 154 191

Leases

Leases	9 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Lease	Note 5. Leases Lessee arrangements Woodward has entered into operating leases for certain facilities and equipment with terms in excess of one year under agreements that expire at various dates. Some leases require the payment of property taxes, insurance, maintenance costs, or other similar costs in addition to rental payments. Woodward has also entered into finance leases for equipment with terms in excess of one year under agreements that expire at various dates. Lease-related assets and liabilities were as follows: Classification on the Condensed Consolidated Balance Sheets June 30, 2022 September 30, 2021 Assets: Operating lease assets Other assets $ 24,108 $ 19,370 Finance lease assets Property, plant and equipment, net 1,733 781 Total lease assets 25,841 20,151 Current liabilities: Operating lease liabilities Accrued liabilities 4,896 5,260 Finance lease liabilities Current portion of long-term debt 458 728 Noncurrent liabilities: Operating lease liabilities Other liabilities 19,844 14,770 Finance lease liabilities Long-term debt, less current portion 1,303 475 Total lease liabilities $ 26,501 $ 21,233 Lease-related expenses were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Operating lease expense $ 1,549 $ 1,729 $ 4,809 $ 4,897 Amortization of finance lease assets 116 102 290 322 Interest on finance lease liabilities 14 13 30 48 Variable lease expense 226 282 832 1,100 Short-term lease expense 44 75 134 233 Sublease (income) 1 — (104 ) (192 ) (486 ) Total lease expense $ 1,949 $ 2,097 $ 5,903 $ 6,114 (1) Relates to two separate subleases Woodward entered into for a leased manufacturing building in Niles, Illinois. During the nine-months ended June 30, 2022, these subleases were terminated. Lease-related supplemental cash flow information was as follows: Nine-Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 4,136 $ 4,229 Operating cash flows for finance leases 30 48 Financing cash flows for finance leases 690 1,236 Right-of-use assets obtained in exchange for recorded lease obligations: Operating leases 9,997 6,759 Finance leases 1,260 35 Lessor arrangements Woodward has assessed its manufacturing contracts and concluded that certain of the contracts for the manufacture of customer products met the criteria to be considered a leasing arrangement (“embedded leases”) with Woodward as the lessor. The specific manufacturing contracts that met the criteria were those that utilized Woodward property, plant and equipment and which are substantially (more than 90%) dedicated to the manufacturing of the product(s) for a single customer. Woodward has dedicated manufacturing lines with four of its customers representing embedded leases, all of which qualified as operating leases with undefined quantities of future customer purchase commitments. Although Woodward expects to allocate some portion of future net sales to these customers to embedded lessor arrangements, it cannot provide expected future undiscounted lease payments from property, plant and equipment leased to customers as of June 30, 2022. If, in the future, customers reduce purchases of related products from Woodward, the Company believes it will derive additional value from the underlying equipment by repurposing its use to support other customer arrangements. Revenue from contracts with customers that included embedded operating leases, which is included in “Net sales” in the Condensed Consolidated Statements of Earnings, was $1,303 for the three-months and $3,969 for the nine-months ended June 30, 2022, compared to $1,519 for the three-months and $4,828 for the nine-months ended June 30, 2021. The carrying amount of property, plant and equipment June 30, 2022 September 30, 2021 Property, plant and equipment leased to others through embedded leasing arrangements $ 48,968 $ 93,732 Less accumulated depreciation (25,742 ) (35,733 ) Property, plant and equipment leased to others through embedded leasing arrangements, net $ 23,226 $ 57,999

Joint Venture

Joint Venture	9 Months Ended
	Jun. 30, 2022
Equity Method Investments And Joint Ventures [Abstract]
Joint Venture	Note 6. Joint venture In fiscal year 2016, Woodward and General Electric Company (“GE”), acting through its GE Aviation business unit, consummated the formation of a strategic joint venture between Woodward and GE (the “JV”) to develop, manufacture and support fuel systems for specified existing and all future GE commercial aircraft engines that produce thrust in excess of fifty thousand pounds. Unamortized deferred revenue from material rights in connection with the JV formation included: June 30, 2022 September 30, 2021 Accrued liabilities $ 5,508 $ 4,771 Other liabilities 235,763 234,237 Amortization of the deferred revenue (material right) recognized as an increase to sales was $905 for the three-months and $2,632 for the nine-months ended June 30, 2022, and $971 for the three-months and $3,142 for the nine-months ended June 30, 2021. As part of the JV formation, GE pays contingent consideration to Woodward consisting of fifteen annual payments of $4,894 per year, which began in the second quarter of fiscal year 2017, subject to certain claw-back conditions. Woodward received its annual payments of $4,894 during the three-months ended March 31, 2022 and 2021, which were recorded as deferred income and included in “Net cash provided by operating activities” on the Condensed Consolidated Statements of Cash Flows. Other income related to Woodward’s equity interest in the earnings of the JV was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Other income $ 3,860 $ 2,688 $ 12,675 $ 8,853 Cash distributions to Woodward from the JV, recognized in “Other, net” in “Net cash provided by operating activities” on the Condensed Consolidated Statements of Cash Flows, were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Cash distributions $ 4,000 $ 3,000 $ 13,000 $ 10,000 Net sales to the JV were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Net sales 1 $ 6,698 $ 8,441 $ 19,245 $ 26,825 (1) Net sales included a reduction of $7,912 for the three-months and $21,058 for the nine-months ended June 30, 2022 related to royalties owed to the JV by Woodward on sales by Woodward directly to third party aftermarket customers, compared to a reduction to sales of $3,944 for the three-months and $14,998 for the nine-months ended June 30, 2021. The Condensed Consolidated Balance Sheets include “Accounts receivable” related to amounts the JV owed Woodward, “Accounts payable” related to amounts Woodward owed the JV, and “Other assets” related to Woodward’s net investment in the JV, as follows: June 30, 2022 September 30, 2021 Accounts receivable $ 3,857 $ 3,639 Accounts payable 3,163 2,823 Other assets 6,664 6,988

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Note 7. Financial instruments and fair value measurements The table below presents information about Woodward’s financial assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques Woodward utilized to determine such fair value as defined by the U.S. GAAP fair value hierarchy. At June 30, 2022 At September 30, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Financial assets: Investments in term deposits with foreign banks $ 32,205 $ — $ — $ 32,205 $ 13,187 $ — $ — $ 13,187 Equity securities 24,192 — — 24,192 29,714 — — 29,714 Cross-currency interest rate swaps — 9,002 — 9,002 — — — — Total financial assets $ 56,397 $ 9,002 $ — $ 65,399 $ 42,901 $ — $ — $ 42,901 Financial liabilities: Cross-currency interest rate swaps $ — $ — $ — $ — $ — $ 50,185 $ — $ 50,185 Total financial liabilities $ — $ — $ — $ — $ — $ 50,185 $ — $ 50,185 Investments in term deposits with foreign banks: Woodward’s foreign subsidiaries sometimes invest excess cash in various highly liquid financial instruments that Woodward believes are with creditworthy financial institutions. Such investments are reported in “Cash and cash equivalents” at fair value, with realized gains from interest income recognized in earnings. The carrying value of Woodward’s investments in term deposits with foreign banks are considered equal to the fair value given the highly liquid nature of the investments. Equity securities: Woodward holds marketable equity securities, through investments in various mutual funds, related to its deferred compensation program. Based on Woodward’s intentions regarding these instruments, marketable equity securities are classified as trading securities. The trading securities are reported at fair value, with realized gains and losses recognized in “Other (income) expense, net” on the Condensed Consolidated Statements of Earnings. The trading securities are included in “Other assets” in the Condensed Consolidated Balance Sheets. The fair values of Woodward’s trading securities are based on the quoted market prices for the net asset value of the various mutual funds. Cross-currency interest rate swaps: Woodward holds cross-currency interest rate swaps, which are accounted for at fair value. In the Condensed Consolidated Balance Sheets, the swaps in an asset position are included in “Other assets,” and swaps in a liability position are included in “Other liabilities”. The fair values of Woodward’s cross-currency interest rate swaps are determined using a market approach that is based on observable inputs other than quoted market prices, including contract terms, interest rates, currency rates, and other market factors. Cash, trade accounts receivable, accounts payable, and short-term borrowings are not remeasured to fair value, as the carrying cost of each approximates its respective fair value. The estimated fair values and carrying costs of other financial instruments that are not required to be remeasured at fair value in the Condensed Consolidated Balance Sheets were as follows: At June 30, 2022 At September 30, 2021 Fair Value Hierarchy Level Estimated Fair Value Carrying Cost Estimated Fair Value Carrying Cost Assets: Notes receivable from municipalities 2 $ 10,230 $ 10,030 $ 11,413 $ 10,193 Notes receivable from sale of the renewable power systems business and other related businesses 2 — — 6,288 6,061 Investments in short-term time deposits 2 9,196 9,341 11,587 11,580 Liabilities: Long-term debt 2 693,558 718,810 812,866 736,706 In connection with certain economic incentives related to Woodward’s development of a second campus in the greater-Rockford, Illinois area for its Aerospace segment and Woodward’s development of a new campus at its corporate headquarters in Fort Collins, Colorado, Woodward received long-term notes from municipalities within the states of Illinois and Colorado. The fair value of the long-term notes was estimated based on a model that discounted future principal and interest payments received at an interest rate available to Woodward at the end of the period for similarly rated municipal notes of similar maturity, which is a level 2 input as defined by the U.S. GAAP fair value hierarchy. The interest rates used to estimate the fair value of the long-term notes were 3.0% at June 30, 2022 and 1.3% at September 30, 2021. In connection with the sale of the renewable power systems business and other related businesses, Woodward received a promissory note from the buyer for deferral of a portion of the purchase price. The full amount of the promissory note was received during the three-months ended June 30, 2022. From time to time, certain of Woodward’s foreign subsidiaries will invest excess cash in short-term time deposits with a fixed maturity date of longer than three months but less than one year from the date of the deposit. Woodward believes that the investments are with creditworthy financial institutions. The fair value of the investments in short-term time deposits was estimated based on a model that discounted future principal and interest payments to be received at an interest rate available to the foreign subsidiary entering into the investment for similar short-term time deposits of similar maturity. This was determined to be a level 2 input as defined by the U.S. GAAP fair value hierarchy. The interest rates used to estimate the fair value of the short-term time deposits was 5.5% at June 30, 2022 and 3.3% at September 30, 2021. The fair value of long-term debt was estimated based on the prices of debt of comparable type and maturity available to Woodward at the end of the period, which is a level 2 input as defined by the U.S. GAAP fair value hierarchy. The weighted-average interest rate used to estimate the fair value of long-term debt was 4.2% at June 30, 2022 and 1.6% at September 30, 2021. Woodward does not have expected credit losses related to any financial assets that are not required to be remeasured at fair value.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedges [Abstract]
Derivative Instruments and Hedging Activities	Note 8. Derivative instruments and hedging activities Derivative instruments not designated or qualifying as hedging instruments In May 2020, Woodward entered into a floating-rate cross-currency interest rate swap (the “2020 Floating-Rate Cross-Currency Swap”), with a notional value of $45,000, and five fixed-rate cross-currency interest rate swap agreements (the “2020 Fixed-Rate Cross-Currency Swaps”), with an aggregate notional value of $400,000, which effectively reduced the interest rates on the underlying fixed and floating-rate debt, respectively, under the 2018 Notes (as defined in Note 15, Credit Facilities, short-term borrowings and long-term debt, The net interest income of the cross-currency interest rate swaps is recorded as a reduction to “Interest expense” in Woodward’s Condensed Consolidated Statements of Earnings. As of June 30, 2022, the total notional value of the 2020 Floating-Rate Cross-Currency Swap and the 2020 Fixed-Rate Cross-Currency Swaps was $15,000 and $400,000, respectively. See Note 7, Financial Instruments and fair value measurements Derivatives instruments in fair value hedging relationships In May 2020, Woodward entered into a US dollar denominated intercompany loan payable with identical terms and notional value as the 2020 Floating-Rate Cross-Currency Swap, together with a reciprocal intercompany floating-rate cross-currency interest rate swap. The agreements were entered into by Woodward Barbados Euro Financing SRL (“Euro Barbados”), a wholly owned subsidiary of Woodward. The US dollar denominated intercompany loan and reciprocal intercompany floating-rate cross-currency interest rate swap are designated as a fair value hedge under the criteria prescribed in ASC 815. The objective of the derivative instrument is to hedge against the foreign currency exchange risk attributable to the spot remeasurement of the US dollar denominated intercompany loan, as Euro Barbados maintains a Euro functional currency. For each floating-rate intercompany cross-currency interest rate swap, only the change in the fair value related to the cross-currency basis spread, or excluded component, of the derivative instrument is recognized in accumulated other comprehensive income (“OCI”). The remaining change in the fair value of the derivative instrument is recognized in foreign currency transaction gain or loss included in “Selling, general and administrative costs” in Woodward’s Condensed Consolidated Statements of Earnings. The change in the fair value of the derivative instrument in foreign currency transaction gain or loss offsets the change in the spot remeasurement of the intercompany Euro and US dollar denominated loans. Hedge effectiveness is assessed based on the fair value changes of the derivative instrument, after excluding any fair value changes related to the cross-currency basis spread. The initial cost of the cross-currency basis spread is recorded in earnings each period through the swap accrual process. There are no credit-risk-related contingent features associated with the intercompany floating-rate cross-currency interest rate swap. Derivative instruments in cash flow hedging relationships In May 2020, Woodward entered into five US dollar intercompany loans payable, with identical terms and notional values of each tranche of the 2020 Fixed-Rate Cross-Currency Swaps, together with reciprocal fixed-rate intercompany cross-currency interest rate swaps. The agreements were entered into by Euro Barbados and are designated as cash flow hedges under the criteria prescribed in ASC 815. The objective of these derivative instruments is to hedge the risk of variability in cash flows attributable to the foreign currency exchange risk of cash flows for future principal and interest payments associated with the US dollar denominated intercompany loans over a thirteen-year period, as Euro Barbados maintains a Euro functional currency. For each of the fixed-rate intercompany cross-currency interest rate swaps, changes in the fair values of the derivative instruments are recognized in accumulated OCI and reclassified to foreign currency transaction gain or loss included in “Selling, general and administrative costs” in Woodward’s Condensed Consolidated Statements of Earnings. Reclassifications out of accumulated OCI of the change in fair value occur each reporting period based upon changes in the spot rate remeasurement of the Euro and US dollar denominated intercompany loans, including associated interest. Hedge effectiveness is assessed based on the fair value changes of the derivative instruments and such hedges are deemed to be highly effective in offsetting exposure to variability in foreign exchange rates. There are no credit-risk-related contingent features associated with these fixed-rate cross-currency interest rate swaps. Derivatives instruments in net investment hedging relationships On September 23, 2016, Woodward and Woodward International Holding B.V., a wholly owned subsidiary of Woodward organized under the laws of The Netherlands (the “BV Subsidiary”), each entered into a note purchase agreement (the “2016 Note Purchase Agreement”) relating to the sale by Woodward and the BV Subsidiary of an aggregate principal amount of €160,000 of senior unsecured notes in a series of private placement transactions. Woodward issued €40,000 aggregate principal amount of Woodward’s Series M Senior Notes due September 23, 2026 (the “Series M Notes”). Woodward designated the Series M Notes as a hedge of a foreign currency exposure of Woodward’s net investment in its Euro denominated functional currency subsidiaries. Related to the Series M Notes, included in foreign currency translation adjustments within total comprehensive (losses) earnings are net foreign exchange gains of $2,887 for the three-months and $4,631 for the nine-months ended June 30, 2022, compared to net foreign exchange losses of $750 for the three-months and $648 for the nine-months ended June 30, 2021. Impact of derivative instruments designated as qualifying hedging instruments The following table discloses the amount of (income) expense recognized in earnings on derivative instruments designated as qualifying hedging instruments: Three-months ended June 30, Nine-months ended June 30, Derivatives in: Location 2022 2021 2022 2021 Cross-currency interest rate swap agreement designated as fair value hedges Selling, general and administrative expenses $ (1,087 ) $ 546 $ (2,006 ) $ 736 Cross-currency interest rate swap agreements designated as cash flow hedges Selling, general and administrative expenses (25,881 ) 6,658 (41,293 ) 6,745 $ (26,968 ) $ 7,204 $ (43,299 ) $ 7,481 The following table discloses the amount of (gain) loss recognized in accumulated OCI on derivative instruments designated as qualifying hedging instruments: Three-months ended June 30, Nine-months ended June 30, Derivatives in: Location 2022 2021 2022 2021 Cross-currency interest rate swap agreement designated as fair value hedges Selling, general and administrative expenses $ (903 ) $ 429 $ (1,960 ) $ 691 Cross-currency interest rate swap agreements designated as cash flow hedges Selling, general and administrative expenses (33,304 ) (8,831 ) (57,027 ) 12,673 $ (34,207 ) $ (8,402 ) $ (58,987 ) $ 13,364 The following table discloses the amount of (gain) loss reclassified from accumulated OCI into earnings on derivative instruments designated as qualifying hedging instruments: Three-months ended June 30, Nine-months ended June 30, Derivatives in: Location 2022 2021 2022 2021 Cross-currency interest rate swap agreement designated as fair value hedges Selling, general and administrative expenses $ (1,087 ) $ 546 $ (2,006 ) $ 736 Cross-currency interest rate swap agreements designated as cash flow hedges Selling, general and administrative expenses (25,881 ) 6,658 (41,293 ) 6,745 $ (26,968 ) $ 7,204 $ (43,299 ) $ 7,481 The remaining unrecognized gains and losses in Woodward’s Condensed Consolidated Balance Sheets associated with derivative instruments that were previously entered into by Woodward, which are classified in accumulated OCI, were net losses of $10,818 as of June 30, 2022 and $26,506 as of September 30, 2021.

Supplemental Statement of Cash

Supplemental Statement of Cash Flows Information	9 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Statement of Cash Flows Information	Note 9. Supplemental statement of cash flows information Nine-Months Ended June 30, 2022 2021 Interest paid, net of amounts capitalized $ 23,509 $ 25,617 Income taxes paid 25,625 33,293 Income tax refunds received 7,240 13,788 Non-cash activities: Purchases of property, plant and equipment on account 4,386 1,993 Common shares issued from treasury to settle benefit obligations 17,168 14,900

Inventories

Inventories	9 Months Ended
	Jun. 30, 2022
Inventory Net [Abstract]
Inventories	Note 10. Inventories June 30, September 30, 2022 2021 Raw materials $ 122,584 $ 107,412 Work in progress 125,392 95,846 Component parts (1) 323,564 260,244 Finished goods 76,846 63,109 Customer supplied inventory 12,657 14,169 On-hand inventory for which control has transferred to the customer (157,379 ) (120,809 ) $ 503,664 $ 419,971 (1) Component parts include items that can be sold separately as finished goods or included in the manufacture of other products.

Property, Plant, and Equipment

Property, Plant, and Equipment	9 Months Ended
	Jun. 30, 2022
Property Plant And Equipment Net [Abstract]
Property, Plant and Equipment	Note 11. Property, plant, and equipment June 30, September 30, 2022 2021 Land and land improvements $ 84,663 $ 86,051 Buildings and building improvements 553,244 553,693 Leasehold improvements 20,249 19,159 Machinery and production equipment 776,186 795,128 Computer equipment and software 121,800 124,444 Office furniture and equipment 39,611 39,987 Other 19,941 20,012 Construction in progress 53,770 38,317 1,669,464 1,676,791 Less accumulated depreciation (755,996 ) (726,222 ) Property, plant, and equipment, net $ 913,468 $ 950,569 For the three and nine-months ended June 30, 2022 and 2021, Woodward had depreciation expense as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Depreciation expense $ 20,618 $ 21,717 $ 62,674 $ 66,244

Goodwill

Goodwill	9 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 12. Goodwill September 30, 2021 Effects of Foreign Currency Translation June 30, 2022 Aerospace $ 455,423 $ — $ 455,423 Industrial 349,910 (26,189 ) 323,721 Consolidated $ 805,333 $ (26,189 ) $ 779,144 Woodward tests goodwill for impairment during the fourth quarter of each fiscal year, and at any time there is an indication that goodwill is more-likely-than-not impaired, such indications commonly referred to as triggering events. Woodward’s goodwill impairment test in the fourth quarter of fiscal year 2021 resulted in no impairment.

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Jun. 30, 2022
Intangible Assets Net Excluding Goodwill [Abstract]
Intangible Assets, Net	Note 13. Intangible assets, net June 30, 2022 September 30, 2021 Gross Carrying Value Accumulated Amortization Net Carrying Amount Gross Carrying Value Accumulated Amortization Net Carrying Amount Intangible assets with finite lives: Customer relationships and contracts: Aerospace $ 281,683 $ (220,270 ) $ 61,413 $ 281,683 $ (210,380 ) $ 71,303 Industrial 366,005 (65,751 ) 300,254 404,179 (56,515 ) 347,664 Total $ 647,688 $ (286,021 ) $ 361,667 $ 685,862 $ (266,895 ) $ 418,967 Intellectual property: Aerospace $ — $ — $ — $ — $ — $ — Industrial 12,414 (12,414 ) — 15,806 (15,806 ) — Total $ 12,414 $ (12,414 ) $ — $ 15,806 $ (15,806 ) $ — Process technology: Aerospace $ 76,370 $ (68,899 ) $ 7,471 $ 76,370 $ (67,177 ) $ 9,193 Industrial 82,627 (27,453 ) 55,174 90,008 (26,124 ) 63,884 Total $ 158,997 $ (96,352 ) $ 62,645 $ 166,378 $ (93,301 ) $ 73,077 Intangible asset with indefinite life: Tradename: Aerospace $ — $ — $ — $ — $ — $ — Industrial 60,555 — 60,555 67,245 — 67,245 Total $ 60,555 $ — $ 60,555 $ 67,245 $ — $ 67,245 Total intangibles: Aerospace $ 358,053 $ (289,169 ) $ 68,884 $ 358,053 $ (277,557 ) $ 80,496 Industrial 521,601 (105,618 ) 415,983 577,238 (98,445 ) 478,793 Consolidated Total $ 879,654 $ (394,787 ) $ 484,867 $ 935,291 $ (376,002 ) $ 559,289 Woodward tests the indefinite lived tradename intangible asset for impairment during the fourth quarter of each fiscal year, or at any time there is an indication the indefinite lived tradename intangible asset is more-likely-than-not impaired (commonly referred to as a triggering event). Woodward’s impairment test for the indefinite lived tradename intangible asset in the fourth quarter of fiscal year 2021 resulted in no impairment. For the three and nine-months ended June 30, 2022 and 2021, Woodward recorded amortization expense associated with intangibles of the following: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Amortization expense $ 9,309 $ 10,526 $ 28,584 $ 31,555 Future amortization expense associated with intangibles is expected to be: Year Ending September 30: 2022 (remaining) $ 9,208 2023 36,020 2024 32,269 2025 27,054 2026 27,044 Thereafter 292,717 $ 424,312

Credit Facilities, Short-term B

Credit Facilities, Short-term Borrowings and Long-term Debt	9 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Credit Facilities, Short-term Borrowings and Long-term Debt	Note 14. Credit facilities, short-term borrowings and long-term debt Revolving credit facility Woodward maintains a $1,000,000 revolving credit facility established under a revolving credit agreement among Woodward, a syndicate of lenders and Wells Fargo Bank, National Association, as administrative agent (the “Revolving Credit Agreement”). The Revolving Credit Agreement provides for the option to increase available borrowings up to $1,500,000, subject to lenders’ participation. On November 24, 2021, Woodward amended the Revolving Credit Agreement (such amended agreement, the “Amended and Restated Revolving Credit Agreement”) to, among other things, (i) replace the Euro London Interbank Offered Rate (“LIBOR”), the British pound sterling LIBOR, and the Japanese yen LIBOR rates with the Euro Interbank Offered Rate (“Euribor”), Sterling Overnight Index Average (“SONIA”), and Tokyo Interbank Offered Rate (“TIBOR”) rates, respectively, and (ii) introduce the term Secured Overnight Financing Rate (“SOFR”) as the replacement for US LIBOR. Borrowings under the Amended and Restated Revolving Credit Agreement can be made by Woodward and certain of its foreign subsidiaries in U.S. dollars or in foreign currencies other than the U.S. dollar and generally bear interest at the new base rates listed above plus 0.875% to 1.75%. The Amended and Restated Revolving Credit Agreement matures on June 19, 2024. Under the Revolving Credit Agreement and Amended and Restated Revolving Credit Agreement, there were $49,200 in principal amount of borrowings outstanding as of June 30, 2022, at an effective interest rate of 2.90%. As of June 30, 2022, all of borrowings outstanding were classified as short-term borrowings based on Woodward’s intent and ability to pay this amount in the next twelve months. As of September 30, 2021, there were no borrowings outstanding. Short-term borrowings Woodward has other foreign lines of credit and foreign overdraft facilities at various financial institutions, which are generally reviewed annually for renewal and are subject to the usual terms and conditions applied by the financial institutions. Pursuant to the terms of the related facility agreements, Woodward’s foreign performance guarantee facilities are limited in use to providing performance guarantees to third parties. There were no borrowings outstanding on Woodward’s foreign lines of credit and foreign overdraft facilities as of June 30, 2022 and September 30, 2021.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jun. 30, 2022
Accrued Liabilities Current [Abstract]
Accrued Liabilities	Note 15. Accrued liabilities June 30, September 30, 2022 2021 Salaries and other member benefits $ 66,191 $ 54,497 Warranties 14,645 17,481 Interest payable 5,568 14,822 Accrued retirement benefits 2,723 2,825 Net current contract liabilities 25,850 29,527 Current portion of restructuring charges 4,503 4,495 Taxes, other than income 19,563 19,453 Purchase of treasury stock in transit — 12,516 Other 21,658 27,523 $ 160,701 $ 183,139 Warranties Provisions of Woodward’s sales agreements include product warranties customary to these types of agreements. Accruals are established for specifically identified warranty issues that are probable to result in future costs. Warranty costs are accrued as revenue is recognized on a non-specific basis whenever past experience indicates a normal and predictable pattern exists. Changes in accrued product warranties were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Warranties, beginning of period $ 12,984 $ 18,576 $ 17,481 $ 18,972 Expense, net of recoveries 3,021 (798 ) 3,243 214 (Reductions) additions for settlement of previous warranty liabilities (1,239 ) (477 ) (5,908 ) (1,928 ) Foreign currency exchange rate changes (121 ) 113 (171 ) 156 Warranties, end of period $ 14,645 $ 17,414 $ 14,645 $ 17,414 Restructuring charges In fiscal year 2021, the Company recognized restructuring charges relating to workforce management costs to align the Company’s hydraulics and engine systems businesses with current market conditions. During such fiscal year, restructuring charges of $5,008 were recorded as nonsegment expenses, the majority of which are expected to be paid within twelve months. In fiscal year 2020, the Company committed to a plan of termination (the “Termination Plan”), as well as other cost savings actions, in response to the ongoing global economic challenges resulting from the COVID-19 pandemic and its impact on the Company’s business. The Termination Plan involved the termination and/or furlough of employees and contractors at certain of the Company’s operating facilities, primarily in the United States. As a result of the Termination Plan and other related actions, the Company incurred $23,673 of restructuring charges for employee severance and benefits costs. All of the restructuring charges recorded during the fiscal year ended September 30, 2020 were recorded as nonsegment expenses and were paid as of September 30, 2021. The summary of activity in accrued restructuring charges during the nine-months ended June 30, 2022 and 2021 are as follows: Period Activity Balances as of September 30, 2021 Charges Payments Foreign currency exchange rate changes Non-cash activity Balances as of June 30, 2022 Workforce management costs associated with: Hydraulics Systems Realignment $ 3,758 $ — $ (505 ) $ — $ — $ 3,253 Engine Systems Realignment 1,250 — — — — 1,250 Total $ 5,008 $ — $ (505 ) $ — $ — $ 4,503 Period Activity Balances as of September 30, 2020 Charges Payments Foreign currency exchange rate changes Non-cash activity Balances as of June 30, 2021 Workforce management costs associated with: COVID-19 pandemic $ 3,395 $ — $ (2,409 ) $ 180 $ (1,166 ) $ — Total $ 3,395 $ — $ (2,409 ) $ 180 $ (1,166 ) $ —

Other Liabilities

Other Liabilities	9 Months Ended
	Jun. 30, 2022
Other Liabilities Noncurrent [Abstract]
Other Liabilities	Note 16. Other liabilities June 30, September 30, 2022 2021 Net accrued retirement benefits, less amounts recognized within accrued liabilities $ 94,057 $ 107,074 Total unrecognized tax benefits 12,145 13,412 Noncurrent income taxes payable 14,329 16,257 Deferred economic incentives (1) 7,304 8,173 Cross-currency swap derivative liability — 50,185 Noncurrent operating lease liabilities 19,844 14,770 Net noncurrent contract liabilities 396,629 386,324 Other 10,181 21,713 $ 554,489 $ 617,908 (1)

Other (Income) Expense, Net

Other (Income) Expense, Net	9 Months Ended
	Jun. 30, 2022
Nonoperating Income Expense [Abstract]
Other (Income) Expense, Net	Note 17. Other (income) expense, net Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Equity interest in the earnings of the JV $ (3,860 ) $ (2,688 ) $ (12,675 ) $ (8,853 ) Net (gain) on sales of assets and businesses (4 ) (2,131 ) (1,545 ) (4,073 ) Rent income (168 ) (268 ) (580 ) (1,011 ) Net loss (gain) on investments in deferred compensation program 3,840 (1,850 ) 5,216 (5,107 ) Other components of net periodic pension and other postretirement benefit, excluding service cost and interest expense (2,884 ) (3,541 ) (8,720 ) (10,592 ) Other (176 ) 123 (509 ) (173 ) $ (3,252 ) $ (10,355 ) $ (18,813 ) $ (29,809 )

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 18. Income taxes The determination of the estimated annual effective tax rate is based upon a number of significant estimates and judgments. In addition, as a global commercial enterprise, Woodward’s tax expense can be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, changes in the estimate of the amount of undistributed foreign earnings that Woodward considers indefinitely reinvested, issuance of future guidance, interpretation, and rule-making, and other factors that cannot be predicted with certainty. As such, there can be significant volatility in interim tax provisions. The following table sets forth the tax expense and the effective tax rate for Woodward’s earnings before income taxes: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Earnings before income taxes $ 50,287 $ 58,698 $ 142,129 $ 184,769 Income tax expense 10,841 9,837 24,472 26,025 Effective tax rate 21.6 % 16.8 % 17.2 % 14.1 % The increase in the effective tax rate for the three-months ended June 30, 2022 compared to the three-months ended June 30, 2021 is primarily attributable to decreased stock-based compensation tax benefit and prior period tax items related to Global Intangible Low-Taxed Income (“GILTI”) that did not repeat in the current quarter. These unfavorable impacts to the effective tax rate were partially offset by the prior quarter discrete impact of the enactment of a retroactive law disallowing foreign interest expense. The increase in the effective tax rate for the nine-months ended June 30, 2022 compared to the nine-months ended June 30, 2021 is primarily attributable to decreased stock-based compensation tax benefit as a percent of year-to-date pre-tax earnings, prior period tax items related to GILTI that did not repeat in the current fiscal year, and increased state income taxes relative to full-year projected earnings. These unfavorable impacts to the effective tax rate were partially offset by a reduction in the U.S. tax on international activities. Gross unrecognized tax benefits were $13,729 as of June 30, 2022, and $15,199 as of September 30, 2021. At June 30, 2022, the amount of the liability for unrecognized tax benefits that, if recognized, would impact Woodward’s effective tax rate was $8,842. At this time, Woodward believes it is reasonably possible that the liability for unrecognized tax benefits will decrease by as much as $4,345 in the next twelve months due to the completion of review by tax authorities, lapses of statutes, and the settlement of tax positions. Woodward’s tax expense includes accruals for potential interest and penalties related to unrecognized tax benefits and all other interest and penalties related to tax payments. Woodward’s tax returns are subject to audits by U.S. federal, state, and foreign tax authorities, and these audits are at various stages of completion at any given time. Reviews of tax matters by authorities and lapses of the applicable statutes of limitation may result in changes to tax expense. Woodward’s fiscal years remaining open to examination for U.S. Federal income taxes include fiscal years 2018 and thereafter. Woodward’s fiscal years remaining open to examination for significant U.S. state income tax jurisdictions include fiscal years 2017 and thereafter. Woodward’s fiscal years remaining open to examination in significant foreign jurisdictions include 2017 and thereafter.

Retirement Benefits

Retirement Benefits	9 Months Ended
	Jun. 30, 2022
Compensation And Retirement Disclosure [Abstract]
Retirement Benefits	Note 19. Retirement benefits Woodward provides various retirement benefits to eligible members of the Company, including contributions to various defined contribution plans, pension benefits associated with defined benefit plans, postretirement medical benefits and postretirement life insurance benefits. Eligibility requirements and benefit levels vary depending on employee location. Defined contribution plans Most of the Company’s U.S. employees are eligible to participate in the U.S. defined contribution plan. The U.S. defined contribution plan allows employees to defer part of their annual income for income tax purposes into their personal 401(k) accounts. The Company makes matching contributions to eligible employee accounts, which are also deferred for employee personal income tax purposes. Certain non-U.S. employees are also eligible to participate in similar non-U.S. plans. Woodward’s U.S. employees receive an annual contribution of Woodward stock, equal to 5% of their eligible prior year wages, to their personal Woodward Retirement Savings Plan accounts. There is no longer a minimum service requirement to be eligible for this benefit. Woodward fulfilled its annual obligation under this benefit using shares held in treasury stock by issuing a total of 150 shares of common stock for a value of $17,168 in the second quarter of fiscal year 2022, compared to a total of 128 shares of common stock for a value of $14,900 in the second quarter of fiscal year 2021. The amount of expense associated with defined contribution plans was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Company costs $ 10,132 $ 8,647 $ 30,582 $ 25,180 Defined benefit plans Woodward has defined benefit plans that provide pension benefits for certain retired employees in the United States, the United Kingdom, Japan, and Germany. Woodward also provides other postretirement benefits to its employees including postretirement medical benefits and life insurance benefits. Postretirement medical benefits are provided to certain current and retired employees and their covered dependents and beneficiaries in the United States. Life insurance benefits are provided to certain retirees in the United States under frozen plans, which are no longer available to current employees. A September 30 measurement date is utilized to value plan assets and obligations for all of Woodward’s defined benefit pension and other postretirement benefit plans. U.S. GAAP requires that, for obligations outstanding as of September 30, 2021, the funded status reported in interim periods shall be the same asset or liability recognized in the previous year end statement of financial position adjusted for (a) subsequent accruals of net periodic benefit cost that exclude the amortization of amounts previously recognized in other comprehensive income (for example, subsequent accruals of service cost, interest cost, and return on plan assets) and (b) contributions to a funded plan or benefit payments. The components of the net periodic retirement pension costs recognized are as follows: Three-Months Ended June 30, United States Other Countries Total 2022 2021 2022 2021 2022 2021 Service cost $ 389 $ 433 $ 573 $ 737 $ 962 $ 1,170 Interest cost 1,320 1,240 395 345 1,715 1,585 Expected return on plan assets (2,713 ) (3,536 ) (596 ) (632 ) (3,309 ) (4,168 ) Amortization of: Net actuarial loss 65 136 136 237 201 373 Prior service cost 246 242 6 6 252 248 Net periodic retirement pension (benefit) cost $ (693 ) $ (1,485 ) $ 514 $ 693 $ (179 ) $ (792 ) Contributions paid $ — $ — $ 434 $ 490 $ 434 $ 490 Nine-Months Ended June 30, United States Other Countries Total 2022 2021 2022 2021 2022 2021 Service cost $ 1,166 $ 1,297 $ 1,803 $ 2,202 $ 2,969 $ 3,499 Interest cost 3,961 3,718 1,243 1,021 5,204 4,739 Expected return on plan assets (8,140 ) (10,608 ) (1,881 ) (1,859 ) (10,021 ) (12,467 ) Amortization of: Net actuarial loss 194 406 428 699 622 1,105 Prior service cost 736 727 18 18 754 745 Net periodic retirement pension (benefit) cost $ (2,083 ) $ (4,460 ) $ 1,611 $ 2,081 $ (472 ) $ (2,379 ) Contributions paid $ — $ — $ 1,933 $ 1,708 $ 1,933 $ 1,708 The components of net periodic retirement pension costs other than the service cost and interest cost components are included in the line item “Other (income) expense, net”, and the interest component is included in the line item “Interest expense” in the Condensed Consolidated Statements of Earnings. The components of the net periodic other postretirement benefit costs recognized are as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Service cost $ 1 $ — $ 1 $ 1 Interest cost 144 150 433 449 Amortization of: Net actuarial (gain) loss (24 ) 7 (71 ) 22 Prior service cost — — — 1 Net periodic other postretirement cost $ 121 $ 157 $ 363 $ 473 Contributions paid $ 451 $ 632 $ 1,379 $ 1,610 The components of net periodic other postretirement benefit costs other than the service cost and interest cost components are included in the line item “Other (income) expense, net”, and the interest cost component is included in the line item “Interest expense” in the Condensed Consolidated Statements of Earnings. The amount of cash contributions made to these plans in any year is dependent upon a number of factors, including minimum funding requirements in the jurisdictions in which Woodward operates and arrangements made with trustees of certain foreign plans. As a result, the actual funding in fiscal year 2022 may differ from the current estimate. Woodward estimates its remaining cash contributions in fiscal year 2022 will be as follows: Retirement pension benefits: United States $ — United Kingdom 332 Japan — Germany 201 Other postretirement benefits 1,420

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	Note 20. Stockholders’ equity Stock repurchase program In November 2019, the Woodward board of directors (the “Board”) had authorized a program for the repurchase of up to $500,000 of Woodward’s outstanding shares of common stock on the open market or in privately negotiated transactions over a three-year In January 2022, the Board terminated the 2019 Authorization and concurrently authorized a new program for the repurchase of up to $800,000 of Woodward’s outstanding shares of common stock on the open market or in privately negotiated transactions over a two-year period ending in January 2024 (the “2022 Authorization”). During the first nine-months of fiscal year 2022, Woodward repurchased 3,441 shares of its common stock for $400,975 under the 2022 Authorization. Stock-based compensation Provisions governing outstanding stock option awards are included in the 2017 Omnibus Incentive Plan, as amended from time to time (the “2017 Plan”) and the 2006 Omnibus Incentive Plan (the “2006 Plan”), as applicable. The 2017 Plan was first approved by Woodward’s stockholders in January 2017 and is the successor plan to the 2006 Plan. As of September 14, 2016, the effective date of the 2017 Plan, the Board delegated authority to administer the 2017 Plan to the Compensation Committee of the Board, including, but not limited to, the power to determine the recipients of awards and the terms of those awards. On January 27, 2021 and January 26, 2022, Woodward’s stockholders approved an additional 1,500 and 800 shares, respectively, of Woodward’s common stock to be made available for future grants. Under the 2017 Plan, there were approximately 2,933 shares of Woodward’s common stock available for future grants as of June 30, 2022 and 2,714 shares as of September 30, 2021. Stock options Woodward believes that stock options align the interests of its employees and directors with the interests of its stockholders. Stock option awards are granted with an exercise price equal to the market price of Woodward’s stock at the date the grants are awarded, a ten-year four-year The fair value of options granted is estimated as of the grant date using the Black-Scholes-Merton option-valuation model using the assumptions in the following table. Woodward calculates the expected term, which represents the average period of time that stock options granted are expected to be outstanding, based upon historical experience of plan participants. Expected volatility is based on historical volatility using daily stock price observations. The estimated dividend yield is based upon Woodward’s historical dividend practice and the market value of its common stock. The risk-free rate is based on the U.S. treasury yield curve, for periods within the contractual life of the stock option, at the time of grant. The following is a summary of the activity for stock option awards: Three-Months Ended June 30, 2022 Nine-Months Ended June 30, 2022 Number of options Weighted-Average Exercise Price per Share Number of options Weighted-Average Exercise Price per Share Options, beginning balance 5,352 $ 73.71 5,339 $ 68.21 Options granted 72 101.54 513 115.30 Options exercised (18 ) 43.90 (422 ) 48.02 Options forfeited (10 ) 90.16 (34 ) 88.88 Options, ending balance 5,396 $ 74.15 5,396 $ 74.15 Changes in non-vested stock options were as follows: Three-Months Ended June 30, 2022 Nine-Months Ended June 30, 2022 Number of options Weighted-Average Grant Date Fair Value per Share Number of options Weighted-Average Grant Date Fair Value Per Share Non-vested options outstanding, beginning balance 1,767 $ 29.64 2,063 $ 25.77 Options granted 72 39.34 513 41.78 Options vested (1 ) 26.37 (714 ) 26.23 Options forfeited (10 ) 30.02 (34 ) 29.45 Non-vested options outstanding, ending balance 1,828 $ 30.02 1,828 $ 30.02 Information about stock options that have vested, or are expected to vest, and are exercisable at June 30, 2022 was as follows: Number of options Weighted-Average Exercise Price Weighted-Average Remaining Life in Years Aggregate Intrinsic Value Options outstanding 5,396 $ 74.15 5.8 118,422 Options vested and exercisable 3,569 65.45 4.7 100,271 Options vested and expected to vest 5,333 73.87 5.8 117,969 Restricted Stock During the three-months ended June 30, 2022, Woodward granted 48,156 restricted stock units (RSU) under its long-term incentive program as part of recent recruiting activities. The RSUs granted under this program have a weighted-average exercise price of $99.72 per unit and are generally scheduled to vest on the third or fourth anniversary of the respective grant dates, subject to continued employment. Stock-based compensation expense Woodward recognizes stock-based compensation expense on a straight-line basis over the requisite service period. Pursuant to form stock option agreements used by the Company, with terms approved by the administrator of the applicable plan, the requisite service period can be less than the four-year vesting period based on grantee’s retirement eligibility. As such, the recognition of stock-based compensation expense associated with some stock option grants can be accelerated to a period of less than four years, including immediate recognition of stock-based compensation expense on the date of grant. At June 30, 2022, there was approximately $18,764 of total unrecognized compensation expense related to non-vested stock-based compensation arrangements, including both stock options and restricted stock awards. The pre-vesting forfeiture rates for purposes of determining stock-based compensation expense recognized were estimated to be 0% for members of the Board and 7.3% for all others. The remaining unrecognized compensation cost is expected to be recognized over a weighted-average period of approximately 2.0 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 21. Commitments and contingencies Woodward is currently involved in claims, pending or threatened litigation or other legal proceedings, investigations and/or regulatory proceedings arising in the normal course of business, including, among others, those relating to product liability claims, employment matters, worker’s compensation claims, contractual disputes, product warranty claims and alleged violations of various laws and regulations. Woodward accrues for known individual matters using estimates of the most likely amount of loss where it believes that it is probable the matter will result in a loss when ultimately resolved and such loss is reasonably estimable. Legal costs are expensed as incurred and are classified in “Selling, general and administrative expenses” on the Condensed Consolidated Statements of Earnings. Woodward is partially self-insured in the United States for healthcare and worker’s compensation up to predetermined amounts, above which third party insurance applies. Management regularly reviews the probable outcome of related claims and proceedings, the expenses expected to be incurred, the availability and limits of the insurance coverage, and the established accruals for liabilities. While the outcome of pending claims, legal and regulatory proceedings, and investigations cannot be predicted with certainty, management believes that any liabilities that may result from these claims, proceedings and investigations will not have a material effect on Woodward’s liquidity, financial condition, or results of operations. In the event of a change in control of Woodward, as defined in change-in-control agreements with its corporate officers, Woodward may be required to pay termination benefits to such officers.

Segment Information

Segment Information	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	Note 22. Segment information Woodward serves the aerospace and industrial markets through its two reportable segments – Aerospace and Industrial. When appropriate, Woodward’s reportable segments are aggregations of Woodward’s operating segments. Woodward uses operating segment information internally to manage its business, including the assessment of operating segment performance and decisions for the allocation of resources between operating segments. The accounting policies of the reportable segments are the same as those of the Company. Woodward evaluates segment profit or loss based on internal performance measures for each segment in a given period. In connection with that assessment, Woodward generally excludes matters such as certain charges for restructuring, interest income and expense, certain gains and losses from asset dispositions, or other non-recurring and/or non-operationally related expenses. A summary of consolidated net sales and earnings by segment follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Segment external net sales: Aerospace $ 401,712 $ 340,912 $ 1,110,904 $ 1,027,285 Industrial 212,620 215,763 631,853 648,330 Total consolidated net sales $ 614,332 $ 556,675 $ 1,742,757 $ 1,675,615 Segment earnings: Aerospace $ 56,566 $ 53,167 $ 167,458 $ 168,641 Industrial 21,102 27,166 62,029 87,925 Nonsegment expenses (19,201 ) (13,546 ) (63,816 ) (47,331 ) Interest expense, net (8,180 ) (8,089 ) (23,542 ) (24,466 ) Consolidated earnings before income taxes $ 50,287 $ 58,698 $ 142,129 $ 184,769 Segment assets consist of accounts receivable; inventories; property, plant, and equipment, net; goodwill; and other intangibles, net. A summary of consolidated total assets by segment follows: June 30, 2022 September 30, 2021 Segment assets: Aerospace $ 1,754,600 $ 1,698,833 Industrial 1,404,383 1,453,423 Unallocated corporate property, plant and equipment, net 109,777 106,014 Other unallocated assets 487,029 832,734 Consolidated total assets $ 3,755,789 $ 4,091,004

Subsequent Events

Subsequent Events	9 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 23. Subsequent events On July 27, 2022, the Board approved a cash dividend of $0.19 per share for the quarter, payable on August 29, 2022, for stockholders of record as of August 15, 2022.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Schedule of Revenue Recognition Time	The amount of revenue recognized as point in time or over time follows: Three-Months Ended June 30, 2022 Three-Months Ended June 30, 2021 Aerospace Industrial Consolidated Aerospace Industrial Consolidated Point in time $ 154,323 $ 119,808 $ 274,131 $ 114,947 $ 128,868 $ 243,815 Over time 247,389 92,812 340,201 225,965 86,895 312,860 Total net sales $ 401,712 $ 212,620 $ 614,332 $ 340,912 $ 215,763 $ 556,675 Nine-Months Ended June 30, 2022 Nine-Months Ended June 30, 2021 Aerospace Industrial Consolidated Aerospace Industrial Consolidated Point in time $ 428,212 $ 367,019 $ 795,231 $ 336,477 $ 414,305 $ 750,782 Over time 682,692 264,834 947,526 690,808 234,025 924,833 Total net sales $ 1,110,904 $ 631,853 $ 1,742,757 $ 1,027,285 $ 648,330 $ 1,675,615
Schedule of Accounts Receivable	Accounts receivable consisted of the following: June 30, 2022 September 30, 2021 Billed receivables Trade accounts receivable $ 318,227 $ 298,951 Other (Chinese financial institutions) 3,042 23,168 Total billed receivables 321,269 322,119 Current unbilled receivables (contract assets) 269,320 204,596 Total accounts receivable 590,589 526,715 Less: Allowance for uncollectible amounts (3,043 ) (3,664 ) Total accounts receivable, net $ 587,546 $ 523,051
Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables	The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Balance, beginning $ 3,141 $ 7,522 $ 3,664 $ 8,359 Charged to costs and expenses, or sales allowance 356 581 783 1,709 Deductions (302 ) (4,367 ) (1,410 ) (6,375 ) Other additions 1 (152 ) 95 6 138 Balance, ending $ 3,043 $ 3,831 $ 3,043 $ 3,831 (1) Includes effects of foreign exchange rate changes during the period.
Schedule of Contract Liability	Contract liabilities consisted of the following: June 30, 2022 September 30, 2021 Current Noncurrent Current Noncurrent Deferred revenue from material rights from GE joint venture formation $ 5,508 $ 235,763 $ 4,771 $ 234,237 Deferred revenue from advanced invoicing and/or prepayments from customers 1,288 39 4,192 290 Liability related to customer supplied inventory 12,657 — 14,169 — Deferred revenue from material rights related to engineering and development funding 6,397 160,827 6,395 151,797 Net contract liabilities $ 25,850 $ 396,629 $ 29,527 $ 386,324
Schedule of Disaggregation of Revenue	Revenue by primary market for the Aerospace reportable segment was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Commercial OEM $ 131,968 $ 96,290 $ 359,683 $ 274,278 Commercial aftermarket 108,695 75,508 303,335 218,602 Defense OEM 115,205 117,204 318,392 384,097 Defense aftermarket 45,844 51,910 129,494 150,308 Total Aerospace segment net sales $ 401,712 $ 340,912 $ 1,110,904 $ 1,027,285 Revenue by primary market for the Industrial reportable segment was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Reciprocating engines $ 154,090 $ 166,143 $ 469,087 $ 494,099 Industrial turbines 58,530 49,620 162,766 154,231 Total Industrial segment net sales $ 212,620 $ 215,763 $ 631,853 $ 648,330 The customers who each account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows: Three and Nine-Months Ended June 30, 2022 Aerospace The Boeing Company, General Electric Company, Raytheon Technologies Industrial Rolls-Royce PLC, Wartsila, Caterpillar, Inc.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Reconciliation of Net Earnings to Net Earnings Per Share Basic and Diluted	The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Numerator: Net earnings $ 39,446 $ 48,861 $ 117,657 $ 158,744 Denominator: Basic shares outstanding 60,506 63,559 62,052 63,215 Dilutive effect of stock options and restricted stock 1,582 2,351 1,885 2,284 Diluted shares outstanding 62,088 65,910 63,937 65,499 Income per common share: Basic earnings per share $ 0.65 $ 0.77 $ 1.90 $ 2.51 Diluted earnings per share $ 0.64 $ 0.74 $ 1.84 $ 2.42
Anti-dilutive Stock Options Excluded from Computation of Earnings Per Share	The following stock option grants were outstanding but were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Options 1,048 34 479 49 Weighted-average option price $ 110.49 $ 123.23 $ 117.45 $ 114.00
Schedule of Treasury Stock Shares Held for Deferred Compensation Included in Basic and Diluted Shares Outstanding	The weighted-average shares of common stock outstanding for basic and diluted earnings per share included the weighted-average treasury stock shares held for deferred compensation obligations of the following: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Weighted-average treasury stock shares held for deferred compensation obligations 140 182 154 191

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Lease-Related Assets and Liabilities	Lease-related assets and liabilities were as follows: Classification on the Condensed Consolidated Balance Sheets June 30, 2022 September 30, 2021 Assets: Operating lease assets Other assets $ 24,108 $ 19,370 Finance lease assets Property, plant and equipment, net 1,733 781 Total lease assets 25,841 20,151 Current liabilities: Operating lease liabilities Accrued liabilities 4,896 5,260 Finance lease liabilities Current portion of long-term debt 458 728 Noncurrent liabilities: Operating lease liabilities Other liabilities 19,844 14,770 Finance lease liabilities Long-term debt, less current portion 1,303 475 Total lease liabilities $ 26,501 $ 21,233
Lease-Related Expenses	Lease-related expenses were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Operating lease expense $ 1,549 $ 1,729 $ 4,809 $ 4,897 Amortization of finance lease assets 116 102 290 322 Interest on finance lease liabilities 14 13 30 48 Variable lease expense 226 282 832 1,100 Short-term lease expense 44 75 134 233 Sublease (income) 1 — (104 ) (192 ) (486 ) Total lease expense $ 1,949 $ 2,097 $ 5,903 $ 6,114 (1) Relates to two separate subleases Woodward entered into for a leased manufacturing building in Niles, Illinois. During the nine-months ended June 30, 2022, these subleases were terminated.
Lease-Related Supplemental Cash Flow Information	Lease-related supplemental cash flow information was as follows: Nine-Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 4,136 $ 4,229 Operating cash flows for finance leases 30 48 Financing cash flows for finance leases 690 1,236 Right-of-use assets obtained in exchange for recorded lease obligations: Operating leases 9,997 6,759 Finance leases 1,260 35
Property, Plant and Equipment Leased to Others through Embedded Leasing Arrangements	The carrying amount of property, plant and equipment June 30, 2022 September 30, 2021 Property, plant and equipment leased to others through embedded leasing arrangements $ 48,968 $ 93,732 Less accumulated depreciation (25,742 ) (35,733 ) Property, plant and equipment leased to others through embedded leasing arrangements, net $ 23,226 $ 57,999

Joint Venture (Tables)

Joint Venture (Tables)	9 Months Ended
	Jun. 30, 2022
Equity Method Investments And Joint Ventures [Abstract]
Unamortized Deferred Revenue from JV	Unamortized deferred revenue from material rights in connection with the JV formation included: June 30, 2022 September 30, 2021 Accrued liabilities $ 5,508 $ 4,771 Other liabilities 235,763 234,237
Other Income Related JV	Other income related to Woodward’s equity interest in the earnings of the JV was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Other income $ 3,860 $ 2,688 $ 12,675 $ 8,853
Cash Distribution from JV	Cash distributions to Woodward from the JV, recognized in “Other, net” in “Net cash provided by operating activities” on the Condensed Consolidated Statements of Cash Flows, were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Cash distributions $ 4,000 $ 3,000 $ 13,000 $ 10,000
Net Sales to the JV	Net sales to the JV were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Net sales 1 $ 6,698 $ 8,441 $ 19,245 $ 26,825
Accounts Receivable, Accounts Payable, and Other Assets Related to JV	The Condensed Consolidated Balance Sheets include “Accounts receivable” related to amounts the JV owed Woodward, “Accounts payable” related to amounts Woodward owed the JV, and “Other assets” related to Woodward’s net investment in the JV, as follows: June 30, 2022 September 30, 2021 Accounts receivable $ 3,857 $ 3,639 Accounts payable 3,163 2,823 Other assets 6,664 6,988

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Financial Assets that are Measured at Fair Value on a Recurring Basis	The table below presents information about Woodward’s financial assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques Woodward utilized to determine such fair value as defined by the U.S. GAAP fair value hierarchy. At June 30, 2022 At September 30, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Financial assets: Investments in term deposits with foreign banks $ 32,205 $ — $ — $ 32,205 $ 13,187 $ — $ — $ 13,187 Equity securities 24,192 — — 24,192 29,714 — — 29,714 Cross-currency interest rate swaps — 9,002 — 9,002 — — — — Total financial assets $ 56,397 $ 9,002 $ — $ 65,399 $ 42,901 $ — $ — $ 42,901 Financial liabilities: Cross-currency interest rate swaps $ — $ — $ — $ — $ — $ 50,185 $ — $ 50,185 Total financial liabilities $ — $ — $ — $ — $ — $ 50,185 $ — $ 50,185
Estimated Fair Values of Financial Instruments	The estimated fair values and carrying costs of other financial instruments that are not required to be remeasured at fair value in the Condensed Consolidated Balance Sheets were as follows: At June 30, 2022 At September 30, 2021 Fair Value Hierarchy Level Estimated Fair Value Carrying Cost Estimated Fair Value Carrying Cost Assets: Notes receivable from municipalities 2 $ 10,230 $ 10,030 $ 11,413 $ 10,193 Notes receivable from sale of the renewable power systems business and other related businesses 2 — — 6,288 6,061 Investments in short-term time deposits 2 9,196 9,341 11,587 11,580 Liabilities: Long-term debt 2 693,558 718,810 812,866 736,706

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedges [Abstract]
Impact of Derivative Instruments on Earnings	The following table discloses the amount of (income) expense recognized in earnings on derivative instruments designated as qualifying hedging instruments: Three-months ended June 30, Nine-months ended June 30, Derivatives in: Location 2022 2021 2022 2021 Cross-currency interest rate swap agreement designated as fair value hedges Selling, general and administrative expenses $ (1,087 ) $ 546 $ (2,006 ) $ 736 Cross-currency interest rate swap agreements designated as cash flow hedges Selling, general and administrative expenses (25,881 ) 6,658 (41,293 ) 6,745 $ (26,968 ) $ 7,204 $ (43,299 ) $ 7,481 The following table discloses the amount of (gain) loss recognized in accumulated OCI on derivative instruments designated as qualifying hedging instruments: Three-months ended June 30, Nine-months ended June 30, Derivatives in: Location 2022 2021 2022 2021 Cross-currency interest rate swap agreement designated as fair value hedges Selling, general and administrative expenses $ (903 ) $ 429 $ (1,960 ) $ 691 Cross-currency interest rate swap agreements designated as cash flow hedges Selling, general and administrative expenses (33,304 ) (8,831 ) (57,027 ) 12,673 $ (34,207 ) $ (8,402 ) $ (58,987 ) $ 13,364 The following table discloses the amount of (gain) loss reclassified from accumulated OCI into earnings on derivative instruments designated as qualifying hedging instruments: Three-months ended June 30, Nine-months ended June 30, Derivatives in: Location 2022 2021 2022 2021 Cross-currency interest rate swap agreement designated as fair value hedges Selling, general and administrative expenses $ (1,087 ) $ 546 $ (2,006 ) $ 736 Cross-currency interest rate swap agreements designated as cash flow hedges Selling, general and administrative expenses (25,881 ) 6,658 (41,293 ) 6,745 $ (26,968 ) $ 7,204 $ (43,299 ) $ 7,481

Supplemental Statement of Cas_2

Supplemental Statement of Cash Flows Information (Tables)	9 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Information [Abstract]
Schedule of Supplemental Statement of Cash Flows Information	Nine-Months Ended June 30, 2022 2021 Interest paid, net of amounts capitalized $ 23,509 $ 25,617 Income taxes paid 25,625 33,293 Income tax refunds received 7,240 13,788 Non-cash activities: Purchases of property, plant and equipment on account 4,386 1,993 Common shares issued from treasury to settle benefit obligations 17,168 14,900

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2022
Inventory Net [Abstract]
Schedule of Inventories	June 30, September 30, 2022 2021 Raw materials $ 122,584 $ 107,412 Work in progress 125,392 95,846 Component parts (1) 323,564 260,244 Finished goods 76,846 63,109 Customer supplied inventory 12,657 14,169 On-hand inventory for which control has transferred to the customer (157,379 ) (120,809 ) $ 503,664 $ 419,971 (1) Component parts include items that can be sold separately as finished goods or included in the manufacture of other products.

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	9 Months Ended
	Jun. 30, 2022
Property Plant And Equipment Net [Abstract]
Schedule of Property Plant and Equipment, Net	June 30, September 30, 2022 2021 Land and land improvements $ 84,663 $ 86,051 Buildings and building improvements 553,244 553,693 Leasehold improvements 20,249 19,159 Machinery and production equipment 776,186 795,128 Computer equipment and software 121,800 124,444 Office furniture and equipment 39,611 39,987 Other 19,941 20,012 Construction in progress 53,770 38,317 1,669,464 1,676,791 Less accumulated depreciation (755,996 ) (726,222 ) Property, plant, and equipment, net $ 913,468 $ 950,569
Schedule of Depreciation Expense	For the three and nine-months ended June 30, 2022 and 2021, Woodward had depreciation expense as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Depreciation expense $ 20,618 $ 21,717 $ 62,674 $ 66,244

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	September 30, 2021 Effects of Foreign Currency Translation June 30, 2022 Aerospace $ 455,423 $ — $ 455,423 Industrial 349,910 (26,189 ) 323,721 Consolidated $ 805,333 $ (26,189 ) $ 779,144

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Jun. 30, 2022
Intangible Assets Net Excluding Goodwill [Abstract]
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class	June 30, 2022 September 30, 2021 Gross Carrying Value Accumulated Amortization Net Carrying Amount Gross Carrying Value Accumulated Amortization Net Carrying Amount Intangible assets with finite lives: Customer relationships and contracts: Aerospace $ 281,683 $ (220,270 ) $ 61,413 $ 281,683 $ (210,380 ) $ 71,303 Industrial 366,005 (65,751 ) 300,254 404,179 (56,515 ) 347,664 Total $ 647,688 $ (286,021 ) $ 361,667 $ 685,862 $ (266,895 ) $ 418,967 Intellectual property: Aerospace $ — $ — $ — $ — $ — $ — Industrial 12,414 (12,414 ) — 15,806 (15,806 ) — Total $ 12,414 $ (12,414 ) $ — $ 15,806 $ (15,806 ) $ — Process technology: Aerospace $ 76,370 $ (68,899 ) $ 7,471 $ 76,370 $ (67,177 ) $ 9,193 Industrial 82,627 (27,453 ) 55,174 90,008 (26,124 ) 63,884 Total $ 158,997 $ (96,352 ) $ 62,645 $ 166,378 $ (93,301 ) $ 73,077 Intangible asset with indefinite life: Tradename: Aerospace $ — $ — $ — $ — $ — $ — Industrial 60,555 — 60,555 67,245 — 67,245 Total $ 60,555 $ — $ 60,555 $ 67,245 $ — $ 67,245 Total intangibles: Aerospace $ 358,053 $ (289,169 ) $ 68,884 $ 358,053 $ (277,557 ) $ 80,496 Industrial 521,601 (105,618 ) 415,983 577,238 (98,445 ) 478,793 Consolidated Total $ 879,654 $ (394,787 ) $ 484,867 $ 935,291 $ (376,002 ) $ 559,289
Schedule of Finite-Lived Intangible Assets Amortization Expense	For the three and nine-months ended June 30, 2022 and 2021, Woodward recorded amortization expense associated with intangibles of the following: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Amortization expense $ 9,309 $ 10,526 $ 28,584 $ 31,555
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Future amortization expense associated with intangibles is expected to be: Year Ending September 30: 2022 (remaining) $ 9,208 2023 36,020 2024 32,269 2025 27,054 2026 27,044 Thereafter 292,717 $ 424,312

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jun. 30, 2022
Accrued Liabilities [Line Items]
Accrued Liabilities	June 30, September 30, 2022 2021 Salaries and other member benefits $ 66,191 $ 54,497 Warranties 14,645 17,481 Interest payable 5,568 14,822 Accrued retirement benefits 2,723 2,825 Net current contract liabilities 25,850 29,527 Current portion of restructuring charges 4,503 4,495 Taxes, other than income 19,563 19,453 Purchase of treasury stock in transit — 12,516 Other 21,658 27,523 $ 160,701 $ 183,139
Changes in Accrued Product Warranties	Changes in accrued product warranties were as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Warranties, beginning of period $ 12,984 $ 18,576 $ 17,481 $ 18,972 Expense, net of recoveries 3,021 (798 ) 3,243 214 (Reductions) additions for settlement of previous warranty liabilities (1,239 ) (477 ) (5,908 ) (1,928 ) Foreign currency exchange rate changes (121 ) 113 (171 ) 156 Warranties, end of period $ 14,645 $ 17,414 $ 14,645 $ 17,414
Employee Severance [Member]
Accrued Liabilities [Line Items]
Loss Reserve & Restructuring Reserve Activity	The summary of activity in accrued restructuring charges during the nine-months ended June 30, 2022 and 2021 are as follows: Period Activity Balances as of September 30, 2021 Charges Payments Foreign currency exchange rate changes Non-cash activity Balances as of June 30, 2022 Workforce management costs associated with: Hydraulics Systems Realignment $ 3,758 $ — $ (505 ) $ — $ — $ 3,253 Engine Systems Realignment 1,250 — — — — 1,250 Total $ 5,008 $ — $ (505 ) $ — $ — $ 4,503 Period Activity Balances as of September 30, 2020 Charges Payments Foreign currency exchange rate changes Non-cash activity Balances as of June 30, 2021 Workforce management costs associated with: COVID-19 pandemic $ 3,395 $ — $ (2,409 ) $ 180 $ (1,166 ) $ — Total $ 3,395 $ — $ (2,409 ) $ 180 $ (1,166 ) $ —

Other Liabilities (Tables)

Other Liabilities (Tables)	9 Months Ended
	Jun. 30, 2022
Other Liabilities Noncurrent [Abstract]
Schedule of Other Liabilities	June 30, September 30, 2022 2021 Net accrued retirement benefits, less amounts recognized within accrued liabilities $ 94,057 $ 107,074 Total unrecognized tax benefits 12,145 13,412 Noncurrent income taxes payable 14,329 16,257 Deferred economic incentives (1) 7,304 8,173 Cross-currency swap derivative liability — 50,185 Noncurrent operating lease liabilities 19,844 14,770 Net noncurrent contract liabilities 396,629 386,324 Other 10,181 21,713 $ 554,489 $ 617,908 (1)

Other (Income) Expense, Net (Ta

Other (Income) Expense, Net (Tables)	9 Months Ended
	Jun. 30, 2022
Nonoperating Income Expense [Abstract]
Schedule of Other (Income) Expense, Net	Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Equity interest in the earnings of the JV $ (3,860 ) $ (2,688 ) $ (12,675 ) $ (8,853 ) Net (gain) on sales of assets and businesses (4 ) (2,131 ) (1,545 ) (4,073 ) Rent income (168 ) (268 ) (580 ) (1,011 ) Net loss (gain) on investments in deferred compensation program 3,840 (1,850 ) 5,216 (5,107 ) Other components of net periodic pension and other postretirement benefit, excluding service cost and interest expense (2,884 ) (3,541 ) (8,720 ) (10,592 ) Other (176 ) 123 (509 ) (173 ) $ (3,252 ) $ (10,355 ) $ (18,813 ) $ (29,809 )

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Tax Expense and Effective Tax Rate	The following table sets forth the tax expense and the effective tax rate for Woodward’s earnings before income taxes: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Earnings before income taxes $ 50,287 $ 58,698 $ 142,129 $ 184,769 Income tax expense 10,841 9,837 24,472 26,025 Effective tax rate 21.6 % 16.8 % 17.2 % 14.1 %

Retirement Benefits (Tables)

Retirement Benefits (Tables)	9 Months Ended
	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Schedule of Amount of Expense Associated with Defined Contribution Plans	The amount of expense associated with defined contribution plans was as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Company costs $ 10,132 $ 8,647 $ 30,582 $ 25,180
Schedule of Estimated Remaining Cash Contributions	Woodward estimates its remaining cash contributions in fiscal year 2022 will be as follows: Retirement pension benefits: United States $ — United Kingdom 332 Japan — Germany 201 Other postretirement benefits 1,420
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Net Periodic Benefit Costs	The components of the net periodic retirement pension costs recognized are as follows: Three-Months Ended June 30, United States Other Countries Total 2022 2021 2022 2021 2022 2021 Service cost $ 389 $ 433 $ 573 $ 737 $ 962 $ 1,170 Interest cost 1,320 1,240 395 345 1,715 1,585 Expected return on plan assets (2,713 ) (3,536 ) (596 ) (632 ) (3,309 ) (4,168 ) Amortization of: Net actuarial loss 65 136 136 237 201 373 Prior service cost 246 242 6 6 252 248 Net periodic retirement pension (benefit) cost $ (693 ) $ (1,485 ) $ 514 $ 693 $ (179 ) $ (792 ) Contributions paid $ — $ — $ 434 $ 490 $ 434 $ 490 Nine-Months Ended June 30, United States Other Countries Total 2022 2021 2022 2021 2022 2021 Service cost $ 1,166 $ 1,297 $ 1,803 $ 2,202 $ 2,969 $ 3,499 Interest cost 3,961 3,718 1,243 1,021 5,204 4,739 Expected return on plan assets (8,140 ) (10,608 ) (1,881 ) (1,859 ) (10,021 ) (12,467 ) Amortization of: Net actuarial loss 194 406 428 699 622 1,105 Prior service cost 736 727 18 18 754 745 Net periodic retirement pension (benefit) cost $ (2,083 ) $ (4,460 ) $ 1,611 $ 2,081 $ (472 ) $ (2,379 ) Contributions paid $ — $ — $ 1,933 $ 1,708 $ 1,933 $ 1,708
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Net Periodic Benefit Costs	The components of the net periodic other postretirement benefit costs recognized are as follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Service cost $ 1 $ — $ 1 $ 1 Interest cost 144 150 433 449 Amortization of: Net actuarial (gain) loss (24 ) 7 (71 ) 22 Prior service cost — — — 1 Net periodic other postretirement cost $ 121 $ 157 $ 363 $ 473 Contributions paid $ 451 $ 632 $ 1,379 $ 1,610

Stockholders' Equity (Tables)

Stockholders' Equity (Tables) - Stock Options [Member]	9 Months Ended
	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Activity for Stock Option Awards	The following is a summary of the activity for stock option awards: Three-Months Ended June 30, 2022 Nine-Months Ended June 30, 2022 Number of options Weighted-Average Exercise Price per Share Number of options Weighted-Average Exercise Price per Share Options, beginning balance 5,352 $ 73.71 5,339 $ 68.21 Options granted 72 101.54 513 115.30 Options exercised (18 ) 43.90 (422 ) 48.02 Options forfeited (10 ) 90.16 (34 ) 88.88 Options, ending balance 5,396 $ 74.15 5,396 $ 74.15
Changes in Non-vested Stock Options	Changes in non-vested stock options were as follows: Three-Months Ended June 30, 2022 Nine-Months Ended June 30, 2022 Number of options Weighted-Average Grant Date Fair Value per Share Number of options Weighted-Average Grant Date Fair Value Per Share Non-vested options outstanding, beginning balance 1,767 $ 29.64 2,063 $ 25.77 Options granted 72 39.34 513 41.78 Options vested (1 ) 26.37 (714 ) 26.23 Options forfeited (10 ) 30.02 (34 ) 29.45 Non-vested options outstanding, ending balance 1,828 $ 30.02 1,828 $ 30.02
Stock Options Vested, or Expected to Vest and Exercisable	Information about stock options that have vested, or are expected to vest, and are exercisable at June 30, 2022 was as follows: Number of options Weighted-Average Exercise Price Weighted-Average Remaining Life in Years Aggregate Intrinsic Value Options outstanding 5,396 $ 74.15 5.8 118,422 Options vested and exercisable 3,569 65.45 4.7 100,271 Options vested and expected to vest 5,333 73.87 5.8 117,969

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Summary of Consolidated Net Sales and Earnings by Segment	A summary of consolidated net sales and earnings by segment follows: Three-Months Ended June 30, Nine-Months Ended June 30, 2022 2021 2022 2021 Segment external net sales: Aerospace $ 401,712 $ 340,912 $ 1,110,904 $ 1,027,285 Industrial 212,620 215,763 631,853 648,330 Total consolidated net sales $ 614,332 $ 556,675 $ 1,742,757 $ 1,675,615 Segment earnings: Aerospace $ 56,566 $ 53,167 $ 167,458 $ 168,641 Industrial 21,102 27,166 62,029 87,925 Nonsegment expenses (19,201 ) (13,546 ) (63,816 ) (47,331 ) Interest expense, net (8,180 ) (8,089 ) (23,542 ) (24,466 ) Consolidated earnings before income taxes $ 50,287 $ 58,698 $ 142,129 $ 184,769
Summary of Consolidated Total Assets by Segment	Segment assets consist of accounts receivable; inventories; property, plant, and equipment, net; goodwill; and other intangibles, net. A summary of consolidated total assets by segment follows: June 30, 2022 September 30, 2021 Segment assets: Aerospace $ 1,754,600 $ 1,698,833 Industrial 1,404,383 1,453,423 Unallocated corporate property, plant and equipment, net 109,777 106,014 Other unallocated assets 487,029 832,734 Consolidated total assets $ 3,755,789 $ 4,091,004

Revenue (Schedule of Revenue Re

Revenue (Schedule of Revenue Recognition Time) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Net sales	$ 614,332	$ 556,675	$ 1,742,757	$ 1,675,615
Aerospace [Member]
Disaggregation Of Revenue [Line Items]
Net sales	401,712	340,912	1,110,904	1,027,285
Industrial [Member]
Disaggregation Of Revenue [Line Items]
Net sales	212,620	215,763	631,853	648,330
Point In Time [Member]
Disaggregation Of Revenue [Line Items]
Net sales	274,131	243,815	795,231	750,782
Point In Time [Member] | Aerospace [Member]
Disaggregation Of Revenue [Line Items]
Net sales	154,323	114,947	428,212	336,477
Point In Time [Member] | Industrial [Member]
Disaggregation Of Revenue [Line Items]
Net sales	119,808	128,868	367,019	414,305
Over Time [Member]
Disaggregation Of Revenue [Line Items]
Net sales	340,201	312,860	947,526	924,833
Over Time [Member] | Aerospace [Member]
Disaggregation Of Revenue [Line Items]
Net sales	247,389	225,965	682,692	690,808
Over Time [Member] | Industrial [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 92,812	$ 86,895	$ 264,834	$ 234,025

Revenue (Schedule of Accounts R

Revenue (Schedule of Accounts Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Contract With Customer Asset [Line Items]
Total billed receivables	$ 321,269	$ 322,119
Current unbilled receivables (contract assets)	269,320	204,596
Total accounts receivable	590,589	526,715
Less: Allowance for uncollectible amounts	(3,043)	(3,664)
Total accounts receivable, net	587,546	523,051
Trade Accounts Receivable [Member]
Contract With Customer Asset [Line Items]
Billed receivables	318,227	298,951
Other (Chinese Financial Institutions) [Member]
Contract With Customer Asset [Line Items]
Billed receivables	$ 3,042	$ 23,168

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Noncurrent unbilled receivables	$ 4,832		$ 4,832		$ 9,424
Revenue from contract liabilities	$ 5,140	$ 3,135	$ 18,359	$ 16,809

Revenue (Schedule of Uncollecti

Revenue (Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Balance, beginning		$ 3,141	$ 7,522	$ 3,664	$ 8,359
Charged to costs and expenses, or sales allowance		356	581	783	1,709
Deductions		(302)	(4,367)	(1,410)	(6,375)
Other additions	[1]	(152)	95	6	138
Balance, ending		$ 3,043	$ 3,831	$ 3,043	$ 3,831
[1] Includes effects of foreign exchange rate changes during the period.

Revenue (Schedule of Contract L

Revenue (Schedule of Contract Liability) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Contract With Customer Liability [Line Items]
Current contract liabilities	$ 25,850	$ 29,527
Noncurrent contract liabilities	396,629	386,324
Deferred Revenue From Material Rights From GE Joint Venture Formation [Member]
Contract With Customer Liability [Line Items]
Current contract liabilities	5,508	4,771
Noncurrent contract liabilities	235,763	234,237
Deferred Revenue From Advance Invoicing And/Or Prepayments From Customers [Member]
Contract With Customer Liability [Line Items]
Current contract liabilities	1,288	4,192
Noncurrent contract liabilities	39	290
Liability Related To Customer Supplied Inventory [Member]
Contract With Customer Liability [Line Items]
Current contract liabilities	12,657	14,169
Deferred Revenue From Material Rights Related To Engineering And Development Funding [Member]
Contract With Customer Liability [Line Items]
Current contract liabilities	6,397	6,395
Noncurrent contract liabilities	$ 160,827	$ 151,797

Revenue (Narrative - Performanc

Revenue (Narrative - Performance Obligations) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Remaining performance obligation amount	$ 1,595,880	$ 1,283,311
Material Rights [Member]
Remaining performance obligation amount	$ 450,888	$ 471,133

Revenue (Narrative - Performa_2

Revenue (Narrative - Performance Obligations) (Details1) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Remaining performance obligation amount	$ 1,595,880	$ 1,283,311
Material Rights [Member]
Remaining performance obligation amount	$ 450,888	$ 471,133
Material Rights [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Period of remaining performance obligation, expected timing of satisfaction	9 months
Remaining performance obligation amount	$ 2,413
Remaining performance obligation, expected timing of satisfaction, year	2022
Material Rights [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-10-01
Period of remaining performance obligation, expected timing of satisfaction	1 year
Remaining performance obligation amount	$ 12,681
Remaining performance obligation, expected timing of satisfaction, year	2023
Aerospace [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Period of remaining performance obligation, expected timing of satisfaction	2 years
Maximum [Member] | Material Rights [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Period of remaining performance obligation, expected timing of satisfaction	40 years

Revenue (Schedule of Disaggrega

Revenue (Schedule of Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Total net sales	$ 614,332	$ 556,675	$ 1,742,757	$ 1,675,615
Aerospace [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	401,712	340,912	1,110,904	1,027,285
Aerospace [Member] | Commercial OEM [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	131,968	96,290	359,683	274,278
Aerospace [Member] | Commercial Aftermarket [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	108,695	75,508	303,335	218,602
Aerospace [Member] | Defense OEM [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	115,205	117,204	318,392	384,097
Aerospace [Member] | Defense Aftermarket [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	45,844	51,910	129,494	150,308
Industrial [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	212,620	215,763	631,853	648,330
Industrial [Member] | Reciprocating Engines [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	154,090	166,143	469,087	494,099
Industrial [Member] | Industrial Turbines [Member]
Disaggregation Of Revenue [Line Items]
Total net sales	$ 58,530	$ 49,620	$ 162,766	$ 154,231

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of Net Earnings to Net Earnings Per Share Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net earnings	$ 39,446	$ 48,861	$ 117,657	$ 158,744
Denominator:
Basic	60,506	63,559	62,052	63,215
Dilutive effect of stock options and restricted stock	1,582	2,351	1,885	2,284
Diluted shares outstanding	62,088	65,910	63,937	65,499
Income per common share:
Basic earnings per share	$ 0.65	$ 0.77	$ 1.90	$ 2.51
Diluted earnings per share	$ 0.64	$ 0.74	$ 1.84	$ 2.42

Earnings Per Share (Anti-diluti

Earnings Per Share (Anti-dilutive Stock Options Excluded from Computation of Earnings Per Share) (Details) - Stock Options [Member] - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Options	1,048	34	479	49
Weighted-average option price	$ 110.49	$ 123.23	$ 117.45	$ 114

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Treasury Stock Shares Held for Deferred Compensation Included in Basic and Diluted Shares Outstanding) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Weighted-average treasury stock shares held for deferred compensation obligations	140	182	154	191

Leases (Lease-Related Assets an

Leases (Lease-Related Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Assets:
Operating lease assets	$ 24,108	$ 19,370
Finance lease assets	1,733	781
Total lease assets	25,841	20,151
Current liabilities:
Operating lease liabilities	4,896	5,260
Finance lease liabilities	458	728
Noncurrent liabilities:
Operating lease liabilities	19,844	14,770
Finance lease liabilities	1,303	475
Total lease liabilities	$ 26,501	$ 21,233

Leases (Lease-Related Expenses)

Leases (Lease-Related Expenses) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease expense		$ 1,549	$ 1,729	$ 4,809	$ 4,897
Amortization of finance lease assets		116	102	290	322
Interest on finance lease liabilities		14	13	30	48
Variable lease expense		226	282	832	1,100
Short-term lease expense		44	75	134	233
Sublease (income)	[1]		(104)	(192)	(486)
Total lease expense		$ 1,949	$ 2,097	$ 5,903	$ 6,114
[1]Relates to two separate subleases Woodward entered into for a leased manufacturing building in Niles, Illinois.  During the nine-months ended June 30, 2022, these subleases were terminated.

Leases (Lease-Related Supplemen

Leases (Lease-Related Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases	$ 4,136	$ 4,229
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases	30	48
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows for finance leases	690	1,236
Right-of-use assets obtained in exchange for recorded lease obligations: Operating leases	9,997	6,759
Right-of-use assets obtained in exchange for recorded lease obligations: Finance leases	$ 1,260	$ 35

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Revenue included embedded operating leases	$ 1,303	$ 1,519	$ 3,969	$ 4,828

Leases (Property, Plant and Equ

Leases (Property, Plant and Equipment Leased to Others through Embedded Leasing Arrangements) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Property, plant and equipment leased to others through embedded leasing arrangements	$ 48,968	$ 93,732
Less accumulated depreciation	(25,742)	(35,733)
Property, plant and equipment leased to others through embedded leasing arrangements, net	$ 23,226	$ 57,999

Joint Venture (Unamortized Defe

Joint Venture (Unamortized Deferred Revenue from JV) (Details) - Woodward and General Electric Joint Venture [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Schedule Of Equity Method Investments [Line Items]
Accrued liabilities	$ 5,508	$ 4,771
Other liabilities	$ 235,763	$ 234,237

Joint Venture (Narrative) (Deta

Joint Venture (Narrative) (Details) - Woodward and General Electric Joint Venture [Member] - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Equity Method Investments [Line Items]
Cash received annually from formation of joint venture		$ 4,894		$ 4,894
Sales [Member]
Schedule Of Equity Method Investments [Line Items]
Amortization of deferred income recognized as an increase to sales	$ 905		$ 971		$ 2,632	$ 3,142
Reduction to sales related to royalties owed to joint venture	$ 7,912		$ 3,944		$ 21,058	$ 14,998

Joint Venture (Other Income Rel

Joint Venture (Other Income Related JV) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Equity Method Investments [Line Items]
Other income	$ 3,860	$ 2,688	$ 12,675	$ 8,853
Woodward and General Electric Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Other income	$ 3,860	$ 2,688	$ 12,675	$ 8,853

Joint Venture (Cash Distributio

Joint Venture (Cash Distribution from JV) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Woodward and General Electric Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Cash distributions	$ 4,000	$ 3,000	$ 13,000	$ 10,000

Joint Venture (Net Sales to the

Joint Venture (Net Sales to the JV) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Woodward and General Electric Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Net sales	[1]	$ 6,698	$ 8,441	$ 19,245	$ 26,825
[1] Net sales included a reduction of $7,912 for the three-months and $21,058 for the nine-months ended June 30, 2022 related to royalties owed to the JV by Woodward on sales by Woodward directly to third party aftermarket customers, compared to a reduction to sales of $3,944 for the three-months and $14,998 for the nine-months ended June 30, 2021.

Joint Venture (Accounts Receiva

Joint Venture (Accounts Receivable, Accounts Payable, and Other Assets Related to JV) (Details) - Woodward and General Electric Joint Venture [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Schedule Of Equity Method Investments [Line Items]
Accounts receivable	$ 3,857	$ 3,639
Accounts payable	3,163	2,823
Other assets	$ 6,664	$ 6,988

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements (Financial Assets that are Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Financial assets:
Total financial assets	$ 65,399	$ 42,901
Financial liabilities:
Total financial liabilities		50,185
Cross Currency Interest Rate Swaps [Member]
Financial assets:
Cross-currency interest rate swaps	9,002
Financial liabilities:
Cross-currency interest rate swaps		50,185
Level 1 [Member]
Financial assets:
Total financial assets	56,397	42,901
Level 2 [Member]
Financial assets:
Total financial assets	9,002
Financial liabilities:
Total financial liabilities		50,185
Level 2 [Member] | Cross Currency Interest Rate Swaps [Member]
Financial assets:
Cross-currency interest rate swaps	9,002
Financial liabilities:
Cross-currency interest rate swaps		50,185
Investments in Term Deposits with Foreign Banks [Member]
Financial assets:
Investments	32,205	13,187
Investments in Term Deposits with Foreign Banks [Member] | Level 1 [Member]
Financial assets:
Investments	32,205	13,187
Equity Securities [Member]
Financial assets:
Equity securities	24,192	29,714
Equity Securities [Member] | Level 1 [Member]
Financial assets:
Equity securities	$ 24,192	$ 29,714

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
ASSETS
Investments in short-term time deposits, Estimated Fair Value	$ 9,196	$ 11,587
Liabilities:
Long-term debt, Estimated Fair Value	693,558	812,866
Investments in short-term time deposits, Carrying Cost	9,341	11,580
Long-term debt, Carrying Cost	718,810	736,706
Long Term Notes Receivable from Municipalities [Member]
ASSETS
Notes receivable, Estimated Fair Value	10,230	11,413
Liabilities:
Notes receivable, Carrying Cost	$ 10,030	10,193
Notes Receivable from Sale of the Renewable Power Systems Business and Other Related Businesses [Member]
ASSETS
Notes receivable, Estimated Fair Value		6,288
Liabilities:
Notes receivable, Carrying Cost		$ 6,061

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements (Narrative) (Details) - Measurement Input, Discount Rate [Member]	Jun. 30, 2022	Sep. 30, 2021
Long-Term Debt [Member] | Weighted Average [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Interest rate used to measure long-term debt	4.2	1.6
Long Term Notes Receivable from Municipalities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Interest rate used to measure municipal notes	3	1.3
Investments in Short-Term Time Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Interest rate used to measure short-term time deposits	5.5	3.3

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)	May 31, 2020 USD ($) Swap loan	Sep. 23, 2016 EUR (€)
Derivative Instruments Gain Loss [Line Items]
Remaining unrecognized gains (losses) associated with derivative instruments included in AOCI	$ (10,818)		$ (10,818)		$ (26,506)
2016 Note Purchase Agreements [Member]
Derivative Instruments Gain Loss [Line Items]
Issuance date			Sep. 23, 2016
Face amount | €							€ 160,000,000
Series M Notes [Member]
Derivative Instruments Gain Loss [Line Items]
Face amount | €							€ 40,000,000
Maturity date			Sep. 23, 2026
Gain (Loss) on foreign currency transaction designated as a hedge of a net investment in a foreign subsidiary	2,887	$ 750	$ 4,631	$ (648)
2020 Fixed-Rate Cross-Currency Swaps [Member]
Derivative Instruments Gain Loss [Line Items]
Derivative, notional amount	400,000		400,000			$ 400,000
2020 Fixed-Rate Cross-Currency Swaps [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]
Derivative Instruments Gain Loss [Line Items]
Derivative, number of instruments | Swap						5
2020 Floating-Rate Cross-Currency Swap [Member]
Derivative Instruments Gain Loss [Line Items]
Derivative, notional amount	$ 15,000		$ 15,000			$ 45,000
Fixed-Rate Cross Currency Interest Rate Contract [Member] | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments Gain Loss [Line Items]
Derivative, number of instruments | loan						5

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Impact of Derivative Instruments on Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments Gain Loss [Line Items]
Amount of (Income) Expense Recognized in Earnings on Derivative	$ (26,968)	$ 7,204	$ (43,299)	$ 7,481
Amount of (Gain) Loss Recognized in Accumulated OCI on Derivative	(34,207)	(8,402)	(58,987)	13,364
Amount of (Gain) Loss Reclassified from Accumulated OCI into Earnings	(26,968)	7,204	(43,299)	7,481
Floating-Rate Cross Currency Interest Rate Contract [Member] | Derivatives in Fair Value Hedging Relationships [Member] | Selling, General and Administrative Expenses [Member]
Derivative Instruments Gain Loss [Line Items]
Amount of (Income) Expense Recognized in Earnings on Derivative	(1,087)	546	(2,006)	736
Amount of (Gain) Loss Recognized in Accumulated OCI on Derivative	(903)	429	(1,960)	691
Amount of (Gain) Loss Reclassified from Accumulated OCI into Earnings	(1,087)	546	(2,006)	736
Fixed-Rate Cross Currency Interest Rate Contract [Member] | Cash Flow Hedging | Selling, General and Administrative Expenses [Member]
Derivative Instruments Gain Loss [Line Items]
Amount of (Income) Expense Recognized in Earnings on Derivative	(25,881)	6,658	(41,293)	6,745
Amount of (Gain) Loss Recognized in Accumulated OCI on Derivative	(33,304)	(8,831)	(57,027)	12,673
Amount of (Gain) Loss Reclassified from Accumulated OCI into Earnings	$ (25,881)	$ 6,658	$ (41,293)	$ 6,745

Supplemental Statement of Cas_3

Supplemental Statement of Cash Flows Information (Schedule of Supplemental Statement of Cash Flows Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Supplemental Cash Flow Information [Abstract]
Interest paid, net of amounts capitalized			$ 23,509	$ 25,617
Income taxes paid			25,625	33,293
Income tax refunds received			7,240	13,788
Non-cash activities:
Purchases of property, plant and equipment on account			4,386	1,993
Common shares issued from treasury to settle benefit obligations	$ 17,168	$ 14,900	$ 17,168	$ 14,900

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Sep. 30, 2021
Inventory Net [Abstract]
Raw materials		$ 122,584	$ 107,412
Work in progress		125,392	95,846
Component parts	[1]	323,564	260,244
Finished goods		76,846	63,109
Customer supplied inventory		12,657	14,169
On-hand inventory for which control has transferred to the customer		(157,379)	(120,809)
Inventory, net		$ 503,664	$ 419,971
[1] Component parts include items that can be sold separately as finished goods or included in the manufacture of other products.

Property, Plant, and Equipmen_2

Property, Plant, and Equipment (Schedule of Property Plant and Equipment, Net) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 1,669,464	$ 1,676,791
Less accumulated depreciation	(755,996)	(726,222)
Property, plant, and equipment, net	913,468	950,569
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	84,663	86,051
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	553,244	553,693
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	20,249	19,159
Machinery and Production Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	776,186	795,128
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	121,800	124,444
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	39,611	39,987
Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	19,941	20,012
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 53,770	$ 38,317

Property, Plant, and Equipmen_3

Property, Plant, and Equipment (Schedule of Depreciation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property Plant And Equipment Net [Abstract]
Depreciation expense	$ 20,618	$ 21,717	$ 62,674	$ 66,244

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 805,333
Effects of Foreign Currency Translation	(26,189)
Goodwill, Ending Balance	779,144
Aerospace [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	455,423
Goodwill, Ending Balance	455,423
Industrial [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	349,910
Effects of Foreign Currency Translation	(26,189)
Goodwill, Ending Balance	$ 323,721

Intangible Assets, Net (Schedul

Intangible Assets, Net (Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization of Finite-Lived Intangible	$ (394,787)	$ (376,002)
Net Carrying Amount - Finite-Lived Intangible	424,312
Intangible Assets, Gross, Total	879,654	935,291
Intangible Assets, Net, Total	484,867	559,289
Customer Relationships And Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	647,688	685,862
Accumulated Amortization of Finite-Lived Intangible	(286,021)	(266,895)
Net Carrying Amount - Finite-Lived Intangible	361,667	418,967
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	12,414	15,806
Accumulated Amortization of Finite-Lived Intangible	(12,414)	(15,806)
Process Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	158,997	166,378
Accumulated Amortization of Finite-Lived Intangible	(96,352)	(93,301)
Net Carrying Amount - Finite-Lived Intangible	62,645	73,077
Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	60,555	67,245
Aerospace [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization of Finite-Lived Intangible	(289,169)	(277,557)
Intangible Assets, Gross, Total	358,053	358,053
Intangible Assets, Net, Total	68,884	80,496
Aerospace [Member] | Customer Relationships And Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	281,683	281,683
Accumulated Amortization of Finite-Lived Intangible	(220,270)	(210,380)
Net Carrying Amount - Finite-Lived Intangible	61,413	71,303
Aerospace [Member] | Process Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	76,370	76,370
Accumulated Amortization of Finite-Lived Intangible	(68,899)	(67,177)
Net Carrying Amount - Finite-Lived Intangible	7,471	9,193
Industrial [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization of Finite-Lived Intangible	(105,618)	(98,445)
Intangible Assets, Gross, Total	521,601	577,238
Intangible Assets, Net, Total	415,983	478,793
Industrial [Member] | Customer Relationships And Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	366,005	404,179
Accumulated Amortization of Finite-Lived Intangible	(65,751)	(56,515)
Net Carrying Amount - Finite-Lived Intangible	300,254	347,664
Industrial [Member] | Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	12,414	15,806
Accumulated Amortization of Finite-Lived Intangible	(12,414)	(15,806)
Industrial [Member] | Process Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value - Finite-Lived Intangible	82,627	90,008
Accumulated Amortization of Finite-Lived Intangible	(27,453)	(26,124)
Net Carrying Amount - Finite-Lived Intangible	55,174	63,884
Industrial [Member] | Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	$ 60,555	$ 67,245

Intangible Assets, Net (Narrati

Intangible Assets, Net (Narrative) (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2020 USD ($)
Disposal Group [Member]
Intangible Assets, Net [Line Items]
Impairment of intangible assets, Indefinite-lived	$ 0

Intangible Assets, Net (Sched_2

Intangible Assets, Net (Schedule of Finite-Lived Intangible Assets Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Intangible Assets Net Excluding Goodwill [Abstract]
Amortization expense	$ 9,309	$ 10,526	$ 28,584	$ 31,555

Intangible Assets, Net (Sched_3

Intangible Assets, Net (Schedule of Finite-Lived Intangible Assets, Future Amortization Expense) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Intangible Assets Net Excluding Goodwill [Abstract]
2022 (remaining)	$ 9,208
2023	36,020
2024	32,269
2025	27,054
2026	27,044
Thereafter	292,717
Net Carrying Amount - Finite-Lived Intangible	$ 424,312

Credit Facilities, Short-term_2

Credit Facilities, Short-term Borrowings and Long-term Debt (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Short-term borrowings	$ 49,200
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	1,000,000
Line of credit facility, maximum borrowing capacity extension	1,500,000
Outstanding borrowings		$ 0
Principal amount borrowing outstanding	$ 49,200
Effective interest rate	0.0290
Foreign Lines of Credit And Overdraft Facilities [Member]
Debt Instrument [Line Items]
Short-term borrowings	$ 0	$ 0
Minimum [Member] | SOFR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	0.875%
Maximum [Member] | SOFR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%

Accrued Liabilities (Accrued Li

Accrued Liabilities (Accrued Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020
Accrued Liabilities Current [Abstract]
Salaries and other member benefits	$ 66,191		$ 54,497
Warranties	14,645	$ 12,984	17,481	$ 17,414	$ 18,576	$ 18,972
Interest payable	5,568		14,822
Accrued retirement benefits	2,723		2,825
Net current contract liabilities	25,850		29,527
Current portion of restructuring charges	4,503		4,495
Taxes, other than income	19,563		19,453
Purchase of treasury stock in transit			12,516
Other	21,658		27,523
Accrued liabilities	$ 160,701		$ 183,139

Accrued Liabilities (Changes in

Accrued Liabilities (Changes in Accrued Product Warranties) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accrued Liabilities Current [Abstract]
Warranties, beginning of period	$ 12,984	$ 18,576	$ 17,481	$ 18,972
Expense, net of recoveries	3,021	(798)	3,243	214
(Reductions) additions for settlement of previous warranty liabilities	(1,239)	(477)	(5,908)	(1,928)
Foreign currency exchange rate changes	(121)	113	(171)	156
Warranties, end of period	$ 14,645	$ 17,414	$ 14,645	$ 17,414

Accrued Liabilities (Narrative)

Accrued Liabilities (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2020
Termination Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges		$ 23,673
Hydraulics and Engine Systems [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 5,008
Restructuring charges expected payment term	12 months

Accrued Liabilities (Changes _2

Accrued Liabilities (Changes in Restructuring Reserve Activity) (Details) - Employee Severance [Member] - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges, beginning of period	$ 5,008	$ 3,395
Payments	(505)	(2,409)
Foreign currency exchange rate changes		180
Non-cash activity		(1,166)
Restructuring charges, end of period	4,503
Covid-19 Pandemic [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, beginning of period		3,395
Payments		(2,409)
Foreign currency exchange rate changes		180
Non-cash activity		$ (1,166)
Hydraulics Systems Realignment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, beginning of period	3,758
Payments	(505)
Restructuring charges, end of period	3,253
Engine Systems Realignment [member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, beginning of period	1,250
Restructuring charges, end of period	$ 1,250

Other Liabilities (Schedule of

Other Liabilities (Schedule of Other Liabilities) (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Sep. 30, 2021
Other Liabilities Noncurrent [Abstract]
Net accrued retirement benefits, less amounts recognized within accrued liabilities		$ 94,057	$ 107,074
Total unrecognized tax benefits		12,145	13,412
Noncurrent income taxes payable		14,329	16,257
Deferred economic incentives	[1]	7,304	8,173
Cross-currency swap derivative liability			50,185
Operating lease liabilities		19,844	14,770
Net noncurrent contract liabilities		396,629	386,324
Other		10,181	21,713
Other liabilities		$ 554,489	$ 617,908
[1]Woodward receives certain economic incentives from various state and local authorities related to capital expansion projects.  Such amounts are initially recorded as deferred credits and are being recognized as a reduction to pre-tax expense over the economic lives of the related capital expansion projects.

Other (Income) Expense, Net (Sc

Other (Income) Expense, Net (Schedule of Other (Income) Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity interest in the earnings of the JV	$ (3,860)	$ (2,688)	$ (12,675)	$ (8,853)
Net (gain) on sales of assets and businesses	(4)	(2,131)	(1,545)	(4,073)
Rent income	(168)	(268)	(580)	(1,011)
Other components of net periodic pension and other postretirement benefit, excluding service cost and interest expense	(2,884)	(3,541)	(8,720)	(10,592)
Other	(176)	123	(509)	(173)
Other (income) expense, net	(3,252)	(10,355)	(18,813)	(29,809)
Gain (Loss) on Investments in Deferred Compensation Program [Member]
Net loss (gain) on investments in deferred compensation program	$ 3,840	$ (1,850)	$ 5,216	$ (5,107)

Income Taxes (Tax Expense and E

Income Taxes (Tax Expense and Effective Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Earnings before income taxes	$ 50,287	$ 58,698	$ 142,129	$ 184,769
Income tax expense	$ 10,841	$ 9,837	$ 24,472	$ 26,025
Effective tax rate	21.60%	16.80%	17.20%	14.10%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2021
Income Taxes [Line Items]
Gross unrecognized tax benefits	$ 13,729	$ 15,199
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	8,842
Possible decrease in unrecognized tax benefits liability	$ 4,345
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Year remaining open to tax examination	2018
State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Year remaining open to tax examination	2017
Foreign Jurisdiction [Member]
Income Taxes [Line Items]
Year remaining open to tax examination	2017

Retirement Benefits (Narrative)

Retirement Benefits (Narrative) (Details) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022 USD ($) shares	Mar. 31, 2021 USD ($) shares	Jun. 30, 2022 USD ($) ServiceRequirement shares	Jun. 30, 2021 USD ($) shares
Defined Benefit Plan Disclosure [Line Items]
Percentage of annual contribution equal to eligible prior year wages			5%
Minimum service requirement for eligible annual contribution | ServiceRequirement			0
Common shares issued from treasury stock for benefit plans	$ 17,168	$ 14,900	$ 17,168	$ 14,900
Treasury Stock at Cost [Member]
Defined Benefit Plan Disclosure [Line Items]
Common shares issued from treasury stock for benefit plans, shares | shares	150	128	150	128
Common shares issued from treasury stock for benefit plans			$ 6,567	$ 5,358

Retirement Benefits (Schedule o

Retirement Benefits (Schedule of Amount of Expense Associated with Defined Contribution Plans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]
Company costs	$ 10,132	$ 8,647	$ 30,582	$ 25,180

Retirement Benefits (Schedule_2

Retirement Benefits (Schedule of Net Periodic Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 962	$ 1,170	$ 2,969	$ 3,499
Interest cost	1,715	1,585	5,204	4,739
Expected return on plan assets	(3,309)	(4,168)	(10,021)	(12,467)
Amortization of: Net actuarial (gain) loss	201	373	622	1,105
Amortization of: Prior service cost	252	248	754	745
Net periodic retirement pension (benefit) cost	(179)	(792)	(472)	(2,379)
Contributions paid	434	490	1,933	1,708
Net periodic retirement pension (benefit) cost	(179)	(792)	(472)	(2,379)
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1		1	1
Interest cost	144	150	433	449
Amortization of: Net actuarial (gain) loss	(24)	7	(71)	22
Amortization of: Prior service cost				1
Net periodic retirement pension (benefit) cost	121	157	363	473
Net periodic retirement pension (benefit) cost	121	157	363	473
Contributions paid - other postretirement plans	451	632	1,379	1,610
United States [Member] | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	389	433	1,166	1,297
Interest cost	1,320	1,240	3,961	3,718
Expected return on plan assets	(2,713)	(3,536)	(8,140)	(10,608)
Amortization of: Net actuarial (gain) loss	65	136	194	406
Amortization of: Prior service cost	246	242	736	727
Net periodic retirement pension (benefit) cost	(693)	(1,485)	(2,083)	(4,460)
Net periodic retirement pension (benefit) cost	(693)	(1,485)	(2,083)	(4,460)
Other Countries [Member] | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	573	737	1,803	2,202
Interest cost	395	345	1,243	1,021
Expected return on plan assets	(596)	(632)	(1,881)	(1,859)
Amortization of: Net actuarial (gain) loss	136	237	428	699
Amortization of: Prior service cost	6	6	18	18
Net periodic retirement pension (benefit) cost	514	693	1,611	2,081
Contributions paid	434	490	1,933	1,708
Net periodic retirement pension (benefit) cost	$ 514	$ 693	$ 1,611	$ 2,081

Retirement Benefits (Schedule_3

Retirement Benefits (Schedule of Estimated Remaining Cash Contributions) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in the current fiscal year	$ 1,420
United Kingdom | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in the current fiscal year	332
Germany [Member] | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in the current fiscal year	$ 201

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended	9 Months Ended
	Jan. 26, 2022	Jan. 27, 2021	Nov. 30, 2019	Jun. 30, 2022	Jun. 30, 2022	Jan. 31, 2022	Sep. 30, 2021	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of additional shares available for future grants	800,000
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements				$ 18,764	$ 18,764
Forfeiture rate, Board of Directors				0%	0%
Forfeiture rate, non-Board of Directors				7.30%	7.30%
Unrecognized compensation cost is expected to be recognized over a weighted-average period					2 years
2017 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of additional shares available for future grants		1,500,000
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vested contractual term, in years					10 years
Vesting period, in years					4 years
Weighted-average exercise price				$ 101.54	$ 115.30
Stock Options [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rate					25%
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average exercise price				$ 99.72
Shares issued				48,156,000	48,156,000
2019 Authorization [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program authorized amount			$ 500,000	$ 26,742	$ 26,742
Repurchase period in years			3 years
Stock repurchase program, number of shares authorized to be repurchased				233,000	233,000			0
2022 Authorization [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program authorized amount				$ 400,975	$ 400,975	$ 800,000
Stock repurchase program, number of shares authorized to be repurchased				3,441,000	3,441,000
2017 Authorization [Member] | 2017 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grants				2,933,000	2,933,000		2,714,000

Stockholders' Equity (Summary o

Stockholders' Equity (Summary of Activity for Stock Option Awards) (Details) - Stock Options [Member] - $ / shares shares in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options, beginning balance	5,352	5,339
Options granted, Number of options	72	513
Options exercised, Number of options	(18)	(422)
Options forfeited, Number of options	(10)	(34)
Number of options, ending balance	5,396	5,396
Weighted Average Exercise Price Per Share, beginning balance	$ 73.71	$ 68.21
Options granted, Weighted Average Exercise Price Per Share	101.54	115.30
Options exercised, Weighted Average Exercise Price Per Share	43.90	48.02
Options forfeited, Weighted Average Exercise Price Per Share	90.16	88.88
Weighted Average Exercise Price Per Share, ending balance	$ 74.15	$ 74.15

Stockholders' Equity (Changes i

Stockholders' Equity (Changes in Non-vested Stock Options) (Details) - Stock Options [Member] - $ / shares shares in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, beginning balance	1,767	2,063
Options granted, Number of options	72	513
Options vested, Number of options	(1)	(714)
Options forfeited, Number of options	(10)	(34)
Number of Options, ending balance	1,828	1,828
Weighted-Average Grant Date Fair Value Per Share, beginning balance	$ 29.64	$ 25.77
Options granted, Weighted-Average Grant Date Fair Value Per Share	39.34	41.78
Options vested, Weighted-Average Grant Date Fair Value Per Share	26.37	26.23
Options forfeited, Weighted-Average Grant Date Fair Value Per Share	30.02	29.45
Weighted-Average Grant Date Fair Value Per Share, ending balance	$ 30.02	$ 30.02

Stockholders' Equity (Stock Opt

Stockholders' Equity (Stock Options Vested, or Expected to Vest and Exercisable) (Details) - Stock Options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding, Number of options	5,396	5,352	5,339
Options vested and exercisable, Number of options	3,569
Options vested and expected to vest, Number of options	5,333
Options outstanding, Weighted-Average Exercise Price	$ 74.15	$ 73.71	$ 68.21
Options vested and exercisable, Weighted-Average Exercise Price Per Share	65.45
Options vested and expected to vest, Weighted-Average Exercise Price Per Share	$ 73.87
Options outstanding, Weighted-Average Remaining Life in Years	5 years 9 months 18 days
Options vested and exercisable, Weighted-Average Remaining Life in Years	4 years 8 months 12 days
Options vested and expected to vest, Weighted-Average Remaining Life in Years	5 years 9 months 18 days
Options outstanding, Aggregate Intrinsic Value	$ 118,422
Options vested and exercisable, Aggregate Intrinsic Value	100,271
Options vested and expected to vest, Aggregate Intrinsic Value	$ 117,969

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of Reportable Segments	2

Segment Information (Summary of

Segment Information (Summary of Consolidated Net Sales and Earnings by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total net sales	$ 614,332	$ 556,675	$ 1,742,757	$ 1,675,615
Interest expense, net	(8,180)	(8,089)	(23,542)	(24,466)
Consolidated earnings before income taxes	50,287	58,698	142,129	184,769
Aerospace [Member]
Segment Reporting Information [Line Items]
Total net sales	401,712	340,912	1,110,904	1,027,285
Industrial [Member]
Segment Reporting Information [Line Items]
Total net sales	212,620	215,763	631,853	648,330
Operating Segments [Member] | Aerospace [Member]
Segment Reporting Information [Line Items]
Total net sales	401,712	340,912	1,110,904	1,027,285
Segment earnings (loss)	56,566	53,167	167,458	168,641
Operating Segments [Member] | Industrial [Member]
Segment Reporting Information [Line Items]
Total net sales	212,620	215,763	631,853	648,330
Segment earnings (loss)	21,102	27,166	62,029	87,925
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Segment earnings (loss)	$ (19,201)	$ (13,546)	$ (63,816)	$ (47,331)

Segment Information (Summary _2

Segment Information (Summary of Consolidated Total Assets by Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Consolidated total assets	$ 3,755,789	$ 4,091,004
Property, plant and equipment, net	913,468	950,569
Other assets	311,114	297,024
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment, net	109,777	106,014
Other assets	487,029	832,734
Aerospace [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	1,754,600	1,698,833
Industrial [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	$ 1,404,383	$ 1,453,423

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Event [Member]	Jul. 27, 2022 $ / shares
Subsequent Event [Line Items]
Dividend per share	$ 0.19
Dividend, payable date	Aug. 29, 2022
Dividend, record date	Aug. 15, 2022