Restructuring Costs

9 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring Costs

RESTRUCTURING COSTS

Restructuring expense reflects costs associated with the Company’s ongoing efforts to improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. Expenses incurred in the first nine months of fiscal 2022 included costs related to workforce reductions of approximately 1,400 employees. The Company expects fiscal 2022 restructuring expense and related costs to be approximately $150, including costs to complete actions initiated in the first nine months of the year.

Restructuring expense by business segment follows:

	Three Months Ended June 30,					Nine Months Ended June 30,
	2021			2022		2021		2022
Automation Solutions		$	20		20		92		33
AspenTech		(2)			1		2		1
Climate Technologies		4			2		8		5
Tools & Home Products		2			(1)		4		1
Commercial & Residential Solutions		6			1		12		6
Corporate		4			9		5		10
Total		$	28		31		111		50

Details of the change in the liability for restructuring costs during the nine months ended June 30, 2022 follow:

	Sept 30, 2021			Expense		Utilized/Paid		June 30, 2022
Severance and benefits		$	172		20		52		140
Other		4			30		29		5
Total		$	176		50		81		145

The tables above do not include $4 and $12 of costs related to restructuring actions incurred for the three months ended June 30, 2021 and 2022, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses; year-to-date amounts are $11 and $26, respectively.