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Other Financial Information
 3 Months Ended
Dec. 31, 2023
Other Financial Information [Abstract]  
Other Financial Information OTHER FINANCIAL INFORMATION

Sept 30, 2023Dec 31, 2023
Inventories
Finished products$446 624 
Raw materials and work in process1,560 1,808 
Total$2,006 2,432 
Property, plant and equipment, net  
Property, plant and equipment, at cost$5,524 5,953 
Less: Accumulated depreciation3,161 3,252 
     Total$2,363 2,701 
Goodwill by business segment
Final Control$2,660 2,687 
Measurement & Analytical1,545 1,568 
Discrete Automation892 910 
Safety & Productivity388 399 
Intelligent Devices5,485 5,564 
Control Systems & Software668 672 
Test & Measurement— 3,418 
AspenTech8,327 8,329 
Software and Control 8,995 12,419 
     Total$14,480 17,983 
Sept 30, 2023Dec 31, 2023
Other intangible assets  
Gross carrying amount$10,111 15,481 
Less: Accumulated amortization3,848 4,211 
     Net carrying amount$6,263 11,270 
Other intangible assets include customer relationships, net, of $3,353 and $6,612 and intellectual property, net, of $2,707 and $4,445 as of September 30, 2023 and December 31, 2023, respectively.
The increase in goodwill and intangibles was primarily due to the NI acquisition. See Note 4.
Three Months Ended December 31,
2022 2023 
Depreciation and amortization expense include the following:
Depreciation expense$74 79 
Amortization of intangibles (includes $49 and $49 reported in Cost of Sales, respectively)
167 323 
Amortization of capitalized software19 20 
Total $260 422 
Amortization of intangibles included $139 related to the NI acquisition for the three months ended December 31, 2023.
Sept 30, 2023Dec 31, 2023
Other assets include the following:
Pension assets$995 1,024 
Operating lease right-of-use assets550 635 
Unbilled receivables (contract assets)559 606 
Deferred income taxes100 98 
Asbestos-related insurance receivables53 50 
As of December 31, 2023, the Company had one operating lease that had not yet commenced with a lease term of approximately 15 years and total undiscounted future minimum payments of approximately $80. This lease is expected to commence in the second quarter of fiscal 2024 and will be recorded as a right-of-use asset and lease liability.
Accrued expenses include the following:
Customer advances (contract liabilities)$861 1,133 
Employee compensation618 499 
Income taxes207 274 
Operating lease liabilities (current)144 157 
Product warranty84 73 
Other liabilities include the following:  
Deferred income taxes$1,959 2,827 
Operating lease liabilities (noncurrent)404 465 
Pension and postretirement liabilities435 449 
Asbestos litigation173 169 
The increase in deferred income tax liabilities reflects the impact of the NI acquisition. See Note 4.