Business Segment Information (Tables)

9 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Sales and Operating Results of Reportable Segments

Sales and operating results of our reportable segments were (in millions):

	Three Months Ended June 30, 2026
	Intelligent Devices		Software & Control		Lifecycle Services		Total
Sales	$	1,080	$	751	$	482	$	2,313
Less:
Segment cost of sales	(590)		(230)		(317)
Segment selling, general and administrative expenses	(206)		(163)		(81)
Segment engineering and development expenses	(69)		(97)		(7)
Other segment items (1)	1		—		(4)
Segment operating earnings	$	216	$	261	$	73	$	550
Amortization of acquisition-related intangible assets (2)							(30)
Corporate and other							(34)
Non-operating pension and postretirement benefit credit							4
Net legacy asbestos and environmental charges							(1)
Change in fair value of investments							(7)
Gain on dissolution of Sensia, net of transaction costs							18
Interest expense, net							(30)
Income before income taxes							$	470

(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.

(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets.

	Three Months Ended June 30, 2025
	Intelligent Devices		Software & Control		Lifecycle Services		Total
Sales	$	968	$	629	$	547	$	2,144
Less:
Segment cost of sales	(518)		(183)		(362)
Segment selling, general and administrative expenses	(200)		(158)		(95)
Segment engineering and development expenses	(67)		(90)		(13)
Other segment items (1)	(1)		1		(4)
Segment operating earnings	$	182	$	199	$	73	454
Amortization of acquisition-related intangible assets (2)							(35)
Corporate and other							(36)
Non-operating pension and postretirement benefit credit							—
Net legacy asbestos and environmental charges (3)							(4)
Change in fair value of investments							—
Gain on dissolution of Sensia, net of transaction costs							—
Interest expense, net							(37)
Income before income taxes							$	342

(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.

(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets.

(3) Legacy asbestos and environmental charges were previously included in Corporate and other. Three months ended June 30, 2025 has been recast to conform with current year presentation.

	Nine Months Ended June 30, 2026
	Intelligent Devices		Software & Control		Lifecycle Services		Total
Sales	$	3,041	$	2,064	$	1,552	$	6,657
Less:
Segment cost of sales	(1,655)		(613)		(1,022)
Segment selling, general and administrative expenses	(596)		(469)		(263)
Segment engineering and development expenses	(198)		(290)		(37)
Other segment items (1)	—		4		(3)
Segment operating earnings	$	592	$	696	$	227	1,515
Amortization of acquisition-related intangible assets (2)							(91)
Corporate and other							(90)
Non-operating pension and postretirement benefit credit							10
Net legacy asbestos and environmental charges							(3)
Change in fair value of investments							(7)
Gain on dissolution of Sensia, net of transaction costs							10
Interest expense, net							(92)
Income before income taxes							$	1,252

(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.

(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets.

	Nine Months Ended June 30, 2025
	Intelligent Devices		Software & Control		Lifecycle Services		Total
Sales	$	2,670	$	1,726	$	1,630	$	6,026
Less:
Segment cost of sales	(1,439)		(503)		(1,082)
Segment selling, general and administrative expenses	(571)		(456)		(290)
Segment engineering and development expenses	(193)		(261)		(36)
Other segment items (1)	(6)		(3)		(3)
Segment operating earnings	$	461	$	503	$	219	1,183
Amortization of acquisition-related intangible assets (2)							(106)
Corporate and other							(98)
Non-operating pension and postretirement benefit credit							—
Net legacy asbestos and environmental charges (3)							(13)
Change in fair value of investments							(3)
Gain on dissolution of Sensia, net of transaction costs							—
Interest expense, net							(109)
Income before income taxes							$	854

(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.

(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets.

(3) Legacy asbestos and environmental charges were previously included in Corporate and other. Nine months ended June 30, 2025 has been recast to conform with current year presentation.

Schedule of Depreciation and Amortization for Reportable Segments and Corporate

The following table summarizes the provision for depreciation and amortization for each of the reportable segments and Corporate (in millions):

	Three Months Ended June 30,				Nine Months Ended June 30,
	2026		2025		2026		2025
Depreciation and amortization
Intelligent Devices	$	21	$	14	$	58	$	46
Software & Control	17		19		56		52
Lifecycle Services	9		11		28		32
Corporate	2		2		4		4
Total	49		46		146		134
Amortization of acquisition-related intangible assets (1)	30		35		91		106
Total	$	79	$	81	$	237	$	240

(1) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets.