Restructuring Costs

3 Months Ended

Dec. 31, 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 2024 restructuring expense and related costs to be approximately $250, including costs to complete actions initiated in the first three months of the year.

Restructuring expense by business segment follows:

	Three Months Ended December 31,
	2022			2023
Final Control		$	(1)		3
Measurement & Analytical		1			3
Discrete Automation		1			10
Safety & Productivity		—			—
Intelligent Devices		1			16
Control Systems & Software		1			1
Test & Measurement		—			40
AspenTech		—			—
Software and Control		1			41
Corporate		8			26
Total		$	10		83

Corporate restructuring of $26 for the three months ended December 31, 2023 is comprised entirely of integration-related stock compensation expense attributable to NI.

Details of the change in the liability for restructuring costs during the three months ended December 31, 2023 follow:

	Sept 30, 2023			Expense		Utilized/Paid		Dec 31, 2023
Severance and benefits		$	85		79		56		108
Other		2			4		3		3
Total		$	87		83		59		111

The tables above do not include $5 and $4 of costs related to restructuring actions incurred for the three months ended December 31, 2022 and 2023, respectively, that are required to be reported in cost of sales.