Restructuring Costs

9 Months Ended

Jun. 30, 2023

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. The Company expects fiscal 2023 restructuring expense and related costs to be approximately $110, 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,
	2022			2023		2022		2023
Final Control		$	8		(2)		12		(1)
Measurement & Analytical		4			1		9		2
Discrete Automation		1			12		4		20
Safety & Productivity		(1)			(1)		—		1
Intelligent Devices		12			10		25		22
Control Systems & Software		7			1		8		7
AspenTech		1			—		1		—
Software and Control		8			1		9		7
Corporate		9			1		10		12
Total		$	29		12		44		41

Details of the change in the liability for restructuring costs during the nine months ended June 30, 2023 follow:

	Sept 30, 2022			Expense		Utilized/Paid		June 30, 2023
Severance and benefits		$	117		18		49		86
Other		5			23		26		2
Total		$	122		41		75		88

The tables above do not include $11 and $1 of costs related to restructuring actions incurred for the three months ended June 30, 2022 and 2023, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses; year-to-date amounts are $24 and $13, respectively.