Restructuring Costs

12 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring costs

RESTRUCTURING COSTS

Each year the Company incurs costs to size its businesses to levels appropriate for current economic conditions and to continually improve its cost structure and operational efficiency, deploy assets globally, and remain competitive on a worldwide basis. Costs result from numerous individual actions implemented across the Company's various operating units on an ongoing basis and can include costs for moving facilities to best-cost locations, restarting plants after relocation or geographic expansion to better serve local markets, reducing forcecount or the number of facilities, exiting certain product lines, and other costs resulting from asset deployment decisions (such as contract termination costs, asset write-downs and vacant facility costs).

Restructuring expenses were $86, $150 and $284 for 2022, 2021 and 2020, respectively. The Company expects fiscal year 2023 restructuring expense to be approximately $100.

Restructuring costs by business segment follows:

	2020		2021	2022
Automation Solutions	$	225	121	52
AspenTech	7		2	—
Climate Technologies	23		15	10
Tools & Home Products	21		7	11
Commercial & Residential Solutions	44		22	21
Corporate	8		5	13
Total	$	284	150	86

Actions taken in 2022 included workforce reductions of approximately 2,200 positions and the exit of eight production facilities worldwide. Costs incurred in 2021 and 2020 primarily relate to the Company's initiatives to improve operating margins that began in the third quarter of fiscal 2019 and were expanded in the third quarter of fiscal 2020 in response to the effects of COVID-19 on demand for the Company's products. Expenses incurred in 2021 and 2020 included actions to exit eight and six facilities, and eliminate approximately 3,600 and 5,400 positions, respectively.

The change in the liability for restructuring costs during the years ended September 30 follows:

	2021		Expense		Utilized/Paid		2022
Severance and benefits	$	172		46		79	139
Other	4			40		38	6
Total	$	176		86		117	145

	2020		Expense		Utilized/Paid		2021
Severance and benefits	$	176		112		116	172
Other	5			38		39	4
Total	$	181		150		155	176

The tables above do not include $43 and $38 of costs related to restructuring actions incurred for the year ended September 30, 2022 and 2021, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses.