Business Segments (Tables)

3 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized information about the Company's results of operations by business segment follows:

	Three Months Ended December 31,
	Sales			Earnings (Loss)
	2022		2023	2022	2023
Final Control	$	862	940	158	194
Measurement & Analytical	749		947	175	235
Discrete Automation	618		613	121	97
Safety & Productivity	310		322	63	68
Intelligent Devices	2,539		2,822	517	594
Control Systems & Software	606		675	107	149
Test & Measurement	—		382	—	(78)
AspenTech	243		257	(33)	(35)
Software and Control	849		1,314	74	36
Stock compensation				(102)	(74)
Unallocated pension and postretirement costs				45	31
Corporate and other				(64)	(399)
Loss on Copeland equity method investment				—	(36)
Eliminations/Interest	(15)		(19)	(48)	(44)
Interest income from related party				—	31
Total	$	3,373	4,117	422	139

Stock compensation for the three months ended December 31, 2023 included $30 of integration-related stock compensation expense attributable to NI ($26 of which was reported as restructuring costs). Corporate and other for the three months ended December 31, 2023 included acquisition-related inventory step-up amortization of $231 and acquisition/divestiture fees and related costs of $130, while 2022 included a loss of $47 related to the Company's exit of business operations in Russia and a mark-to-market gain of $35 related to foreign currency forward contracts that were terminated in June 2023.

Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below:

	Three Months Ended December 31,
		2022		2023
Final Control		$	45	40
Measurement & Analytical		30		40
Discrete Automation		21		22
Safety & Productivity		14		14
Intelligent Devices		110		116
Control Systems & Software		21		21
Test & Measurement		—		151
AspenTech		123		123
Software and Control		144		295
Corporate and other		6		11
Total		$	260	422

Schedule of Financial Information By Geographic Area

Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below:

	Three Months Ended December 31,						Three Months Ended December 31,
	2022						2023
		Americas		AMEA	Europe	Total	Americas	AMEA	Europe	Total
Final Control		$	446	308	108	862	454	370	116	940
Measurement & Analytical		396		246	107	749	475	325	147	947
Discrete Automation		291		175	152	618	286	162	165	613
Safety & Productivity		236		17	57	310	243	16	63	322
Intelligent Devices		1,369		746	424	2,539	1,458	873	491	2,822
Control Systems & Software		294		185	127	606	325	209	141	675
Test & Measurement		—		—	—	—	164	99	119	382
AspenTech		112		63	68	243	140	60	57	257
Software and Control		406		248	195	849	629	368	317	1,314
Total		$	1,775	994	619	3,388	2,087	1,241	808	4,136