XML 37 R22.htm IDEA: XBRL DOCUMENT v3.23.3
Shareowners' Equity
 12 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Shareowners' Equity Shareowners’ Equity
Common Stock
At September 30, 2023, the authorized stock of the Company consisted of one billion shares of common stock, par value $1.00 per share, and 25 million shares of preferred stock, without par value. At September 30, 2023, 13.5 million shares of authorized common stock were reserved for various incentive plans.
Changes in outstanding common shares are summarized as follows (in millions):
202320222021
Beginning balance115.2 116.0 116.2 
Treasury stock purchases(1.2)(1.3)(1.1)
Common stock issued (including share-based compensation impact)0.8 0.5 0.9 
Ending balance114.8 115.2 116.0 
At September 30, 2023 and 2022, there were $1.1 million and $1.6 million, respectively, of outstanding common stock share repurchases recorded in Accounts payable.
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss attributable to Rockwell Automation by component were (in millions):
Pension and other postretirement benefit plan adjustments, net of tax (Note 14)Accumulated currency translation adjustments, net of taxNet unrealized (losses) gains on cash flow hedges, net of taxTotal accumulated other comprehensive loss, net of tax
Balance as of September 30, 2020$(1,271.2)$(311.5)$(31.5)$(1,614.2)
Other comprehensive income (loss) before reclassifications438.9 31.4 (29.2)441.1 
Amounts reclassified from accumulated other comprehensive loss138.2 — 17.8 156.0 
Other comprehensive income (loss)577.1 31.4 (11.4)597.1 
Balance as of September 30, 2021$(694.1)$(280.1)$(42.9)$(1,017.1)
Other comprehensive income (loss) before reclassifications170.7 (184.9)51.2 37.0 
Amounts reclassified from accumulated other comprehensive loss75.6 — (13.0)62.6 
Other comprehensive income (loss)246.3 (184.9)38.2 99.6 
Balance as of September 30, 2022$(447.8)$(465.0)$(4.7)$(917.5)
Other comprehensive (loss) income before reclassifications(49.7)100.1 12.8 63.2 
Amounts reclassified from accumulated other comprehensive loss90.4 — (26.2)64.2 
Other comprehensive income (loss)40.7 100.1 (13.4)127.4 
Balance as of September 30, 2023$(407.1)$(364.9)$(18.1)$(790.1)
The reclassifications out of Accumulated other comprehensive loss to the Consolidated Statement of Operations were (in millions):
Year Ended September 30,Affected Line in the Consolidated Statement of Operations
 202320222021
Pension and other postretirement benefit plan adjustments (1)
Amortization of prior service cost (credit)$0.1 $(0.2)$(4.0)Other (expense) income
Amortization of net actuarial (gain) loss(2.1)60.1 142.5 Other (expense) income
Settlement and curtailment charges123.4 38.6 39.8 Other (expense) income
121.4 98.5 178.3 Income before income taxes
(31.0)(22.9)(40.1)Income tax provision
$90.4 $75.6 $138.2 Net income attributable to Rockwell Automation, Inc.
Net unrealized (gains) losses on cash flow hedges
Forward exchange contracts$(6.0)$(0.7)$(1.9)Sales
Forward exchange contracts(33.4)(21.8)25.4 Cost of sales
Forward exchange contracts— 0.9 (1.5)Selling, general and administrative expenses
Treasury locks related to 2019 and 2021 debt issuances3.5 3.6 2.3 Interest expense
(35.9)(18.0)24.3 Income before income taxes
9.7 5.0 (6.5)Income tax provision
$(26.2)$(13.0)$17.8 Net income attributable to Rockwell Automation, Inc.
Total reclassifications$64.2 $62.6 $156.0 Net income attributable to Rockwell Automation, Inc.
(1) These components are included in the computation of net periodic benefit costs. See Note 14 for further information.