Other Financial Information (Tables)

9 Months Ended

Jun. 30, 2023

Disclosure Text Block [Abstract]

Inventories

	Sept 30, 2022			June 30, 2023
Inventories
Finished products		$	417		486
Raw materials and work in process		1,325			1,599
Total		$	1,742		2,085

Property, Plant and Equipment, net

Property, plant and equipment, net
Property, plant and equipment, at cost	$	5,390	5,486
Less: Accumulated depreciation	3,151		3,218
Total	$	2,239	2,268

Goodwill by Business Segment

Goodwill by business segment
Final Control	$	2,605	2,689
Measurement & Analytical	1,112		1,191
Discrete Automation	807		851
Safety & Productivity	364		398
Intelligent Devices	4,888		5,129
Control Systems & Software	732		672
AspenTech	8,326		8,330
Software and Control	9,058		9,002
Total	$	13,946	14,131

Other Intangible Assets

Other intangible assets
Gross carrying amount	$	9,671	9,839
Less: Accumulated amortization	3,099		3,692
Net carrying amount	$	6,572	6,147

Depreciation and Amortization components

	Three Months Ended June 30,			Nine Months Ended June 30,
	2022		2023	2022	2023
Depreciation and amortization expense include the following:
Depreciation expense	$	77	67	240	213
Amortization of intangibles (includes $31, $49, $59 and $147 reported in Cost of Sales, respectively)	124		169	266	504
Amortization of capitalized software	21		21	65	63
Total	$	222	257	571	780

Amortization of intangibles included $99 and $297, related to the Heritage AspenTech acquisition for the three and nine months ended June 30, 2023, respectively, compared to $49 for the three and nine months ended June 30, 2022. For the three and nine months ended June 30, 2022, $5 of amortization of intangibles included in the table above is reported as a restructuring related cost.

Other Assets

	Sept 30, 2022			June 30, 2023
Other assets include the following:
Pension assets		$	865		998
Unbilled receivables (contract assets)		428			536
Operating lease right-of-use assets		439			508
Deferred income taxes		85			100
Asbestos-related insurance receivables		68			66

Accrued Expenses

Accrued expenses include the following:
Customer advances (contract liabilities)	$	751	946
Employee compensation	523		531
Income taxes	125		1,721
Operating lease liabilities (current)	128		146
Product warranty	84		90

Other Liabilities

Other liabilities include the following:
Deferred income taxes	$	1,714	2,006
Pension and postretirement liabilities	427		452
Operating lease liabilities (noncurrent)	312		360
Asbestos litigation	205		178

Deferred income taxes included approximately $540 related to the Copeland transaction as of June 30, 2023.