Revenue Recognition (Tables)

6 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

As a result of applying the pension standard retrospectively, the following adjustments were made to the Consolidated Statement of Operations (in millions):

	Three Months Ended March 31, 2018									Six Months Ended March 31, 2018
	As Reported			Impact of adoption			As Restated			As Reported			Impact of adoption			As Restated
Cost of sales
Products and solutions	$	(838.8	)	$	2.7		$	(836.1	)	$	(1,622.0	)	$	5.4		$	(1,616.6	)
Services	(111.6		)	0.4			(111.2		)	(217.9		)	0.8			(217.1		)
	(950.4		)	3.1			(947.3		)	(1,839.9		)	6.2			(1,833.7		)
Gross profit	700.8			3.1			703.9			1,397.9			6.2			1,404.1
Selling, general and administrative expenses	(389.2		)	2.6			(386.6		)	(778.5		)	5.3			(773.2		)
Other income (expense)	5.3			(5.7		)	(0.4		)	15.3			(11.5		)	3.8

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Balance Sheet was as follows (in millions):

	March 31, 2019
	As reported			Impact of Adoption			Balances without adoption of ASC 606
ASSETS
Current assets:
Receivables	$	1,244.4		$	(0.8	)	$	1,243.6
Other current assets	164.8			(15.2		)	149.6
Deferred income taxes	200.0			(3.0		)	197.0
Other assets	113.6			(10.5		)	103.1
LIABILITIES AND SHAREOWNERS’ EQUITY
Current liabilities:
Contract liabilities	$	308.9		$	(10.9	)	$	298.0
Customer returns, rebates and incentives	192.5			(2.2		)	190.3
Other current liabilities	213.7			(8.0		)	205.7
Shareowners’ equity:
Retained earnings	6,398.0			(8.6		)	6,389.4
Accumulated other comprehensive loss	(940.3		)	0.2			(940.1		)

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Operations was as follows (in millions):

	Three Months Ended March 31, 2019									Six Months Ended March 31, 2019
	As reported			Impact of Adoption			Balances without adoption of ASC 606			As reported			Impact of Adoption			Balances without adoption of ASC 606
Sales
Products and solutions	$	1,466.8		$	(2.0	)	$	1,464.8		$	2,924.4		$	2.6		$	2,927.0
Services	190.4			(7.2		)	183.2			375.1			(16.4		)	358.7
Cost of sales
Products and solutions	(823.6		)	(2.7		)	(826.3		)	(1,606.0		)	(3.8		)	(1,609.8		)
Services	(125.4		)	5.0			(120.4		)	(246.6		)	13.8			(232.8		)
Income tax provision	(56.4		)	2.0			(54.4		)	(96.9		)	1.3			(95.6		)

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Comprehensive Income was as follows (in millions):

	Three Months Ended March 31, 2019							Six Months Ended March 31, 2019
	As reported		Impact of Adoption			Balances without adoption of ASC 606		As reported			Impact of Adoption			Balances without adoption of ASC 606
Net income	$	346.0	$	(4.8	)	$	341.2	$	426.3		$	(2.5	)	$	423.8
Other comprehensive income (loss), net of tax:
Currency translation adjustments	19.0		—			19.0		(9.5		)	0.2			(9.3		)

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Cash Flows was as follows (in millions):

	Six Months Ended March 31, 2019
	As reported			Impact of Adoption			Balances without adoption of ASC 606
Operating activities:
Net income	$	426.3		$	(2.5	)	$	423.8
Receivables	(41.5		)	(10.7		)	(52.2		)
Contract liabilities	41.2			15.4			56.6
Income taxes	(66.7		)	(1.4		)	(68.1		)
Other assets and liabilities	(11.8		)	(0.8		)	(12.6		)

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Shareowners' Equity was as follows (in millions):

	Three Months Ended March 31, 2019							Six Months Ended March 31, 2019
	As reported		Impact of Adoption			Balances without adoption of ASC 606		As reported		Impact of Adoption			Balances without adoption of ASC 606
Retained earnings
Beginning balance	$	6,167.6	$	(3.8	)	$	6,163.8	$	6,204.2	$	(6.1	)	$	6,198.1
Net income (loss)	346.0		(4.8		)	341.2		426.3		(2.5		)	423.8
Accumulated other comprehensive loss
Other comprehensive income	36.6		—			36.6		1.6		0.2			1.8

As a result of applying the modified retrospective method, the following adjustments were made to the Consolidated Balance Sheet as of October 1, 2018 (in millions):

	September 30, 2018		Impact of Adoption		October 1, 2018
ASSETS
Current assets:
Receivables	$	1,190.1	$	4.5	$	1,194.6
Other current assets	149.3		17.7		167.0
Deferred income taxes	179.6		1.2		180.8
Other assets	96.2		11.4		107.6
LIABILITIES AND SHAREOWNERS’ EQUITY
Current liabilities:
Contract liabilities	$	249.9	$	18.7	$	268.6
Customer returns, rebates and incentives	206.6		4.4		211.0
Other current liabilities	226.6		5.6		232.2
Shareowners’ equity:
Retained earnings	6,198.1		6.1		6,204.2

Disaggregation of Revenue

The following series of tables present our revenue disaggregation by geographic region and types of products or services, and also present these disaggregation categories for our two operating segments. We attribute sales to the geographic regions based on the country of destination.

The following reflects the disaggregation of our revenues by operating segment and by geographic region (in millions):

	Three Months Ended March 31, 2019						Six Months Ended March 31, 2019
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
North America	$	423.1	$	564.0	$	987.1	$	865.9	$	1,120.0	$	1,985.9
Europe, Middle East and Africa (EMEA)	176.0		155.1		331.1		331.5		294.0		625.5
Asia Pacific	97.8		116.9		214.7		199.1		230.0		429.1
Latin America	42.8		81.5		124.3		96.3		162.7		259.0
Total Company Sales	$	739.7	$	917.5	$	1,657.2	$	1,492.8	$	1,806.7	$	3,299.5

The following reflects the disaggregation of our revenues by operating segment and by major types of products or services (in millions):

	Three Months Ended March 31, 2019						Six Months Ended March 31, 2019
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
Products	$	739.7	$	372.3	$	1,112.0	$	1,492.8	$	745.2	$	2,238.0
Solutions & Services	—		545.2		545.2		—		1,061.5		1,061.5
Total Company Sales	$	739.7	$	917.5	$	1,657.2	$	1,492.8	$	1,806.7	$	3,299.5

Contract Balances

Below is a summary of our contract liabilities balance:

	March 31, 2019
Balance as of beginning of fiscal year	$	268.6
Balance as of end of period	308.9