Revenue Recognition (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2018									Nine Months Ended June 30, 2018
	As Reported			Impact of adoption			As Restated			As Reported			Impact of adoption			As Restated
Cost of sales
Products and solutions	$	(846.0	)	$	2.6		$	(843.4	)	$	(2,468.0	)	$	8.0		$	(2,460.0	)
Services	(111.0		)	0.4			(110.6		)	(328.9		)	1.2			(327.7		)
	(957.0		)	3.0			(954.0		)	(2,796.9		)	9.2			(2,787.7		)
Gross profit	741.7			3.0			744.7			2,139.6			9.2			2,148.8
Selling, general and administrative expenses	(402.2		)	2.6			(399.6		)	(1,180.7		)	7.9			(1,172.8		)
Other income (expense)	(71.3		)	(5.6		)	(76.9		)	(56.0		)	(17.1		)	(73.1		)

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

	June 30, 2019
	As reported			Impact of Adoption			Balances without adoption of ASC 606
ASSETS
Current assets:
Receivables	$	1,222.6		$	(3.1	)	$	1,219.5
Other current assets	153.5			(15.9		)	137.6
Deferred income taxes	198.1			(1.1		)	197.0
Other assets	118.3			(10.3		)	108.0
LIABILITIES AND SHAREOWNERS’ EQUITY
Current liabilities:
Contract liabilities	$	293.7		$	(17.3	)	$	276.4
Customer returns, rebates and incentives	192.6			(2.3		)	190.3
Other current liabilities	322.8			(4.4		)	318.4
Shareowners’ equity:
Retained earnings	6,431.6			(6.6		)	6,425.0
Accumulated other comprehensive loss	(930.2		)	0.2			(930.0		)

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 June 30, 2019									Nine Months Ended June 30, 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	$	1,481.3		$	4.0		$	1,485.3		$	4,405.7		$	6.6		$	4,412.3
Services	183.8			(1.7		)	182.1			558.9			(18.1		)	540.8
Cost of sales
Products and solutions	(819.3		)	(2.5		)	(821.8		)	(2,425.3		)	(6.3		)	(2,431.6		)
Services	(115.5		)	3.4			(112.1		)	(362.1		)	17.2			(344.9		)
Income tax provision	(60.0		)	(1.3		)	(61.3		)	(156.9		)	0.1			(156.8		)

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 June 30, 2019								Nine Months Ended June 30, 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	$	261.4		$	1.9	$	263.3		$	687.7		$	(0.5	)	$	687.2
Other comprehensive income (loss), net of tax:
Currency translation adjustments	(2.7		)	—		(2.7		)	(12.2		)	0.2			(12.0		)

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

	Nine Months Ended June 30, 2019
	As reported			Impact of Adoption			Balances without adoption of ASC 606
Operating activities:
Net income	$	687.7		$	(0.5	)	$	687.2
Receivables	(34.4		)	(1.6		)	(36.0		)
Contract liabilities	26.5			1.5			28.0
Income taxes	(66.3		)	(0.2		)	(66.5		)
Other assets and liabilities	1.8			0.8			2.6

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 June 30, 2019							Nine Months Ended June 30, 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	$	6,398.0	$	(8.6	)	$	6,389.4	$	6,204.2	$	(6.1	)	$	6,198.1
Net income	261.4		1.9			263.3		687.7		(0.5		)	687.2
Accumulated other comprehensive loss
Other comprehensive income	10.1		—			10.1		11.7		0.2			11.9

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 June 30, 2019						Nine Months Ended June 30, 2019
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
North America	$	437.1	$	570.9	$	1,008.0	$	1,303.0	$	1,690.9	$	2,993.9
Europe, Middle East and Africa (EMEA)	162.0		145.9		307.9		493.5		439.9		933.4
Asia Pacific	107.7		125.0		232.7		306.8		355.0		661.8
Latin America	41.1		75.4		116.5		137.4		238.1		375.5
Total Company Sales	$	747.9	$	917.2	$	1,665.1	$	2,240.7	$	2,723.9	$	4,964.6

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

	Three Months Ended June 30, 2019						Nine Months Ended June 30, 2019
	Architecture & Software		Control Products & Solutions		Total		Architecture & Software		Control Products & Solutions		Total
Products	$	747.9	$	357.3	$	1,105.2	$	2,240.7	$	1,102.6	$	3,343.3
Solutions & Services	—		559.9		559.9		—		1,621.3		1,621.3
Total Company Sales	$	747.9	$	917.2	$	1,665.1	$	2,240.7	$	2,723.9	$	4,964.6

Contract Balances

Below is a summary of our contract liabilities balance:

	June 30, 2019
Balance as of beginning of fiscal year	$	268.6
Balance as of end of period	293.7