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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Share-based Payment Arrangement, Cost by Plan
In fiscal 2022, the Company changed the terms of its annual performance share awards that were issued in the first quarter. The new terms meet the criteria for equity classification in accordance with ASC 718, Compensation - Stock Compensation, and therefore expense will be recognized on a fixed basis over the three-year performance period. The terms of the performance share awards issued in fiscal 2020 and 2021 are unchanged and therefore continue to be accounted for as liability awards and marked-to-market each period based on changes in the stock price.

AspenTech also has stock-based compensation plans that are settled in its own stock. These plans consist of restricted stock units and stock options.

Total compensation expense and income tax benefits for Emerson and AspenTech stock options and incentive shares follows.

2020 2021 2022
Performance shares$98 203 89 
Restricted stock and restricted stock units11 21 23 
Stock options—  
AspenTech stock-based compensation plans  32 
     Total stock compensation expense$110 224 144 
Income tax benefits recognized$18 27 19 
Schedule of Performance Share Payout Information
Information related to performance share payouts for the years ended September 30, 2021 and 2022 follows (shares in thousands):
2021 2022
Performance period2018 - 20202019 - 2021
Percent payout100 %101 %
Total shares earned1,5351,341
Shares distributed in cash, primarily for tax withholding672586
Schedule Of Changes In Incentive Awards Outstanding
Changes in shares outstanding but not yet earned under incentive shares plans during the year ended September 30, 2022 follow (shares in thousands; assumes 100 percent payout of unvested awards):
 SharesAverage Grant Date
Fair Value Per Share
Beginning of year5,641 $70.22 
     Granted1,451 $95.54 
     Earned/vested(1,614)$67.65 
     Canceled(198)$79.08 
End of year5,280 $77.58 
Schedule of Supplemental Information For Incentive Awards
Information related to Emerson incentive shares plans follows:
2020 2021 2022 
Total fair value of shares earned/vested$164 131 158 
Share awards distributed in cash, primarily for tax withholding$81 58 69 
Schedule Of Changes In Shares Subject To Option
Changes in shares subject to options during the year ended September 30, 2022 follow (shares in thousands):
Weighted- Average Exercise Price Per ShareSharesTotal
Intrinsic Value of Shares
Average Remaining Life (Years)
Beginning of year$57.96 2,017 
     Options granted$  
     Options exercised$57.21 (315)
     Options canceled$57.98 (10)
End of year$58.10 1,692 $27 2.2
Exercisable at end of year$58.10 1,692 $27 2.2
Schedule of Cash Proceeds Received and Tax Benefit from Share-based Payment Awards, Options
Information related to Emerson stock options follows:
2020 2021 2022 
Cash received for option exercises$126 114 15 
Intrinsic value of options exercised$47 53 11 
Tax benefits related to option exercises$7 
Share-based Payment Arrangement, Option, Activity_AspenTech
A summary of AspenTech stock option activity in fiscal 2022 is as follows (shares in thousands):

Weighted- Average Exercise Price Per ShareSharesTotal
Intrinsic Value of Shares
Average Remaining Contractual Term (Years)
Beginning of year$  
     Issuance of replacement awards$101.44 1,165 
     Issuance of non-replacement awards$204.27 238 
     Exercised$108.96 (137)
     Canceled/Forfeited$149.16 (10)
End of year$131.26 1,256 $134 7.0
Exercisable at end of year$101.76 727 $99 5.6
Vested and expected to vest at September 30, 2022
$131.20 1,252 $134 7.0
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of AspenTech restricted stock unit activity in fiscal 2022 is as follows (shares in thousands):

Weighted- Average Grant Date Fair ValueShares
Beginning of year$  
     Issuance of replacement awards$166.30 454 
     Issuance of non-replacement awards$202.39 288 
     Settled$190.07 (136)
     Canceled/forfeited$188.48 (17)
End of year$193.82 589 
Vested and expected to vest at September 30, 2022
$177.58 556