Business Segments Information

12 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Business Segments Information

BUSINESS SEGMENTS INFORMATION

The Company designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial and consumer markets around the world. The business segments of the Company are organized primarily by the nature of the products and services they sell.

The Process Management segment provides systems and software, measurement and analytical instrumentation, valves, actuators and regulators, services and solutions and reliability consulting including digital plant architecture that allows communication of devices with centralized systems, to provide precision measurement, control, monitoring, asset optimization, and plant safety and reliability for plants that produce power or process fluids or items such as petroleum, chemicals, food and beverages, pulp and paper, pharmaceuticals and municipal water supplies. The Industrial Automation segment provides fluid power and control mechanisms, electrical distribution equipment, and materials joining and precision cleaning products which are used in a wide variety of manufacturing operations to provide integrated manufacturing solutions to customers. The Climate Technologies segment supplies compressors, temperature sensors and controls, thermostats, flow controls and remote monitoring technology and services to all areas of the climate control industry, including residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration and marine controls. The Commercial & Residential Solutions segment provides tools for professionals and homeowners, home storage systems and appliance solutions. The principal distribution method for each segment is direct sales forces, although the Company also uses independent sales representatives and distributors. Due to its global presence, certain of the Company's international operations are subject to risks such as significant currency exchange rate fluctuations, restrictions on the movement of funds and potential nationalization of operations. See Notes 3 through 7.

The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes. Intersegment selling prices approximate market prices. Accounting method differences between segment reporting and the consolidated financial statements are primarily management fees allocated to segments based on a percentage of sales and the accounting for pension and other retirement plans. Corporate and other includes stock compensation expense, and goodwill impairment charges when applicable. Corporate assets are primarily comprised of cash and equivalents, investments and certain fixed assets. Summarized below is information about the Company's operations by business segment and by geography.

Business Segments

	Sales							Earnings							Total Assets
	2014			2015		2016		2014			2015		2016		2014		2015	2016
Process Management	$	9,189		8,516		7,484		$	1,918		1,493		1,131		$	7,771	7,704	7,622
Industrial Automation	3,004			2,448		2,072		640			509		458		1,810		1,254	1,276
Climate Technologies	4,109			4,011		3,949		737			698		769		2,378		2,314	2,350
Commercial &
Residential Solutions	1,891			1,913		1,611		421			403		384		1,152		817	809
	18,193			16,888		15,116		3,716			3,103		2,742		13,111		12,089	12,057
Differences in
accounting methods								197			174		189
Corporate and other (a)	209							(526		)	705		(427	)	11,066		9,999	9,686
Sales eliminations/
interest (b)	(669		)	(639	)	(594	)	(196		)	(175	)	(188	)
Total	$	17,733		16,249		14,522		$	3,191		3,807		2,316		$	24,177	22,088	21,743

(a) Corporate and other in 2015 includes gains on divestitures of $1,039, and in 2014 includes combined sales and earnings of $209 and $(6), respectively, related to the Artesyn and Connectivity Solutions businesses, which were reported in the former Network Power segment. See Note 3. Assets held-for-sale of $6,030, $6,222 and $6,904 are included in Corporate and other for 2016, 2015 and 2014, respectively. See Note 4.

(b) Industrial Automation intersegment sales for the years ended September 30, 2016, 2015 and 2014 were $578, $622 and $650, respectively.

	Depreciation and Amortization				Capital Expenditures
	2014		2015	2016	2014		2015	2016
Process Management	$	249	276	297	$	300	244	181
Industrial Automation	74		59	50	71		79	79
Climate Technologies	132		132	133	145		134	119
Commercial &
Residential Solutions	52		51	44	49		52	44
Corporate and other	62		55	44	86		79	24
Total	$	569	573	568	$	651	588	447

Geographic Information

	Sales by Destination				Property, Plant and Equipment
	2014		2015	2016	2014		2015	2016
United States and Canada	$	8,753	8,370	7,505	$	1,803	1,756	1,780
Asia	3,737		3,363	2,926	504		481	459
Europe	2,896		2,381	2,300	441		426	435
Latin America	1,194		981	834	266		216	203
Middle East/Africa	1,153		1,154	957	48		50	54
Total	$	17,733	16,249	14,522	$	3,062	2,929	2,931

Sales in the U.S. were $6,940, $7,608 and $7,929 for 2016, 2015 and 2014, respectively, while Asia includes sales in China of $1,320, $1,575 and $1,831 in those years. Assets located in the U.S. were $1,772 in 2016, $1,746 in 2015 and $1,789 in 2014.