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Business Segments Information
 12 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Business Segments Information BUSINESS SEGMENTS INFORMATION
As disclosed in Note 5, the financial results of Climate Technologies, InSinkErator and Therm-O-Disc are reported as discontinued operations for all periods presented. As a result of these portfolio actions, the Company has realigned its business segments and now reports six segments and two business groups, which are highlighted in the table below. The Company also reclassified certain product sales that were previously reported in Control Systems & Software to Discrete Automation.

INTELLIGENT DEVICESSOFTWARE AND CONTROL
•Final Control
•Control Systems & Software
•Measurement & Analytical
•AspenTech
•Discrete Automation
•Safety & Productivity
The new segments were previously described as follows: Final Control was the Valves, Actuators & Regulators product offering; Measurement & Analytical was the Measurement & Analytical instrumentation product offering; Discrete Automation was the Industrial Solutions product offering; Safety & Productivity was the Tools & Home Products segment, excluding the divested InSinkErator business; Control Systems & Software was the Systems &
Software product offering; and, AspenTech remains unchanged. The AspenTech segment was identified in the third quarter of fiscal 2022 as a result of the Heritage AspenTech acquisition and reflects the combined results of Heritage AspenTech and the Emerson Industrial Software Business (see Note 4 for further details). The results for this new segment include the historical results of the Emerson Industrial Software Business (which were previously reported in the Control Systems & Software segment), while results related to the Heritage AspenTech business only include periods subsequent to the close of the transaction. Prior year amounts have been reclassified to conform to the current year presentation.

The Final Control segment is a leading global provider of control valves, isolation valves, shutoff valves, pressure relief valves, pressure safety valves, actuators, and regulators for process and hybrid industries. These solutions respond to commands from a control system to continuously and precisely control and regulate the flow of liquids or gases to achieve safe operation along with reliability and optimized performance.

The Measurement & Analytical segment is a leading supplier of intelligent instrumentation measuring the physical properties of liquids or gases, such as pressure, temperature, level, flow, acoustics, corrosion, pH, conductivity, water quality, toxic gases, and flame. The instrumentation transfers data to control systems and automation software, allowing process and hybrid industry operators to make educated decisions regarding production, reliability and safety.

The Discrete Automation segment includes solenoid valves, pneumatic valves, valve position indicators, pneumatic cylinders and actuators, air preparation equipment, pressure and temperature switches, electric linear motion solutions, programmable automation control systems and software, electrical distribution equipment, and materials joining solutions used primarily in discrete industries.

The Safety & Productivity segment offers tools for professionals and homeowners that promote safety and productivity. Pipe-working tools include pipe wrenches, pipe cutters, pipe threading and roll grooving equipment, battery hydraulic tools for press connections, drain cleaners, tubing tools and diagnostic systems, including sewer inspection cameras and locating equipment. Electrical tools include conduit benders and cable pulling equipment, battery hydraulic tools for cutting and crimping electrical cable, and hole-making equipment. Other professional tools include water jetters, wet-dry vacuums, commercial vacuums and hand tools.

The Control Systems & Software segment provides control systems and software that control plant processes by collecting and analyzing information from measurement devices in the plant and using that information to adjust valves, pumps, motors, drives and other control hardware for maximum product quality, process efficiency and safety. These solutions include distributed control systems, safety instrumented systems, SCADA systems, application software, digital twins, asset performance management and cybersecurity. Control Systems & Software solutions are predominantly used by process and hybrid manufacturers.

AspenTech is a global leader in asset optimization software that enables industrial manufacturers to design, operate, and maintain their operations for maximum performance. AspenTech combines decades of modeling, simulation, and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. The purpose-built software drives value for customers by improving operational efficiency and maximizing productivity, reducing unplanned downtime and safety risks, and minimizing energy consumption and emissions.
The principal distribution method for each segment is direct sales forces, although the Company also uses independent sales representatives and distributors. Due to its global presence, certain of the Company's international operations are subject to risks including the stability of governments and business conditions in foreign countries which could result in adverse changes in exchange rates, changes in regulations or disruption of operations.

The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes. Certain expenses are reported at Corporate, including stock compensation expense and a portion of pension and postretirement benefit costs. Corporate and other includes unallocated corporate expenses, acquisition/divestiture costs, first year acquisition accounting charges (which include fair value adjustments related to inventory, backlog and deferred revenue) and other items. Corporate assets are primarily comprised of cash and cash equivalents, investments, certain fixed assets and assets held-for-sale. Summarized below is information about the Company's operations by business segment and by geography.
Business Segments
SalesEarnings (Loss)Total Assets
2021 2022 2023 2021 2022 2023 2021 2022 2023 
Final Control$3,488 3,607 3,970 $432 592 865 $5,245 4,805 5,614 
Measurement & Analytical3,078 3,215 3,595 684 785 936 4,410 4,395 3,976 
Discrete Automation2,474 2,612 2,635 457 542 509 2,405 2,284 2,493 
Safety & Productivity1,340 1,402 1,388 256 250 306 1,163 1,125 1,238 
Intelligent Devices10,380 10,836 11,588 1,829 2,169 2,616 13,223 12,609 13,321 
Control Systems & Software2,321 2,398 2,606 382 437 529 1,674 1,700 2,151 
AspenTech319 656 1,042 (7)12 (107)2,089 14,484 14,048 
Software and Control2,640 3,054 3,648 375 449 422 3,763 16,184 16,199 
Corporate items:
Stock compensation(197)(125)(250)
Unallocated pension and postretirement costs94 99 171 
Corporate and other (includes assets held-for-sale)(184)(419)(224)7,729 6,879 13,226 
Gain on subordinated interest— 453 161 
Loss on Copeland equity method investment— — (177)
Eliminations/Interest(88)(86)(71)(155)(194)(34)
Interest income from related party— — 41 
     Total$12,932 13,804 15,165 $1,762 2,432 2,726 $24,715 35,672 42,746 

In 2023, Corporate and other includes a loss of $47 related to the Company's exit of business operations in Russia while 2022 includes a loss of $181. Corporate and other for 2023 includes acquisition/divestiture and related costs of $84 ($15 of which is reported in operating profit) while 2022 includes $91.

Depreciation
and Amortization		Capital
Expenditures
2021 2022 2023 2021 2022 2023 
Final Control$210 212 170 $73 62 93 
Measurement & Analytical128 117 121 130 90 93 
Discrete Automation96 88 84 100 68 56 
Safety & Productivity60 57 57 59 27 35 
Intelligent Devices494 474 432 362 247 277 
Control Systems & Software103 93 90 17 27 33 
AspenTech95 242 492 6 4 6 
Software and Control198 335 582 23 31 39 
Corporate and other70 33 37 19 21 47 
     Total$762 842 1,051 $404 299 363 
Depreciation and amortization includes intellectual property, customer relationships and capitalized software.
Geographic Information

Sales by major geographic destination are summarized below:

20212022
AmericasAMEAEuropeTotalAmericasAMEAEuropeTotal
Measurement & Analytical$1,338 1,181 559 3,078 $1,529 1,199 487 3,215 
Final Control1,504 1,385 599 3,488 1,706 1,373 528 3,607 
Discrete Automation1,084 700 690 2,474 1,217 732 663 2,612 
Safety & Productivity992 66 282 1,340 1,057 71 274 1,402 
Intelligent Devices4,918 3,332 2,130 10,380 5,509 3,375 1,952 10,836 
AspenTech200 60 59 319 362 140 154 656 
Control Systems & Software1,042 721 558 2,321 1,170 745 483 2,398 
Software and Control1,242 781 617 2,640 1,532 885 637 3,054 
Total$6,160 4,113 2,747 13,020 $7,041 4,260 2,589 13,890 

2023
AmericasAMEAEuropeTotal
Measurement & Analytical$1,847 1,222 526 3,595 
Final Control1,949 1,481 540 3,970 
Discrete Automation1,234 720 681 2,635 
Safety & Productivity1,049 70 269 1,388 
Intelligent Devices6,079 3,493 2,016 11,588 
AspenTech470 286 286 1,042 
Control Systems & Software1,259 818 529 2,606 
Software and Control1,729 1,104 815 3,648 
Total$7,808 4,597 2,831 15,236 

Sales in the U.S. were $6,327, $5,671 and $4,982 for 2023, 2022 and 2021, respectively, while Asia, Middle East & Africa includes sales in China of $1,804, $1,824 and $1,662 in those years.

Property, Plant and Equipment
2021 2022 2023 
Americas$1,422 1,373 1,442 
Asia, Middle East & Africa448 398 428 
Europe574 468 493 
Total$2,444 2,239 2,363 

Property, plant and equipment located in the U.S. was $1,261 in 2023, $1,219 in 2022 and $1,273 in 2021.