BUSINESS SEGMENTS

6 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

As disclosed in Note 4, the Company completed the acquisition of NI on October 11, 2023. NI is now referred to as Test & Measurement and reported as a new segment in the Software and Control business group.

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

	Three Months Ended March 31,					Six Months Ended March 31,
	Sales			Earnings (Loss)		Sales		Earnings (Loss)
	2023		2024	2023	2024	2023	2024	2023	2024
Final Control	$	992	1,051	215	259	1,854	1,991	373	453
Measurement & Analytical	888		1,013	229	274	1,637	1,960	404	509
Discrete Automation	683		632	133	116	1,301	1,245	254	213
Safety & Productivity	361		365	83	83	671	687	146	151
Intelligent Devices	2,924		3,061	660	732	5,463	5,883	1,177	1,326
Control Systems & Software	623		687	127	151	1,229	1,362	234	300
Test & Measurement	—		367	—	(79)	—	749	—	(157)
AspenTech	230		278	(54)	(8)	473	535	(87)	(43)
Software and Control	853		1,332	73	64	1,702	2,646	147	100
Stock compensation				(40)	(73)			(142)	(147)
Unallocated pension and postretirement costs				46	38			91	69
Corporate and other				(47)	(103)			(111)	(502)
Loss on Copeland equity method investment				—	(59)			—	(95)
Gain on subordinated interest				—	79			—	79
Eliminations/Interest	(21)		(17)	(53)	(57)	(36)	(36)	(101)	(101)
Interest income from related party				—	31			—	62
Total	$	3,756	4,376	639	652	7,129	8,493	1,061	791

Stock compensation for the three months and six months ended March 31, 2024 included $14 and $44 of integration-related stock compensation expense attributable to NI (of which $10 and $36, respectively, was reported as restructuring costs). Corporate and other for the three and six months ended March 31, 2024 included acquisition/divestiture fees and related costs of $16 and $146, respectively, and a divestiture loss of $39, while year-to-date also includes acquisition-related inventory step-up amortization of $231. Corporate and other for the six months ended March 31, 2023 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 its equity investment in National Instruments Corporation.

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

	Three Months Ended March 31,				Six Months Ended March 31,
		2023		2024		2023	2024
Final Control		$	45	39		90	79
Measurement & Analytical		28		33		58	73
Discrete Automation		22		21		43	43
Safety & Productivity		15		15		29	29
Intelligent Devices		110		108		220	224
Control Systems & Software		24		28		45	49
Test & Measurement		—		153		—	304
AspenTech		123		124		246	247
Software and Control		147		305		291	600
Corporate and other		6		11		12	22
Total		$	263	424		523	846

Test & Measurement depreciation and amortization for the three and six months ended March 31, 2024 included intangibles amortization of $141 and $280 due to the acquisition.

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

	Three Months Ended March 31,						Three Months Ended March 31,
	2023						2024
		Americas		AMEA	Europe	Total	Americas	AMEA	Europe	Total
Final Control		$	494	362	136	992	513	404	134	1,051
Measurement & Analytical		455		304	129	888	512	334	167	1,013
Discrete Automation		311		184	188	683	294	161	177	632
Safety & Productivity		272		16	73	361	269	19	77	365
Intelligent Devices		1,532		866	526	2,924	1,588	918	555	3,061
Control Systems & Software		314		186	123	623	321	217	149	687
Test & Measurement		—		—	—	—	162	98	107	367
AspenTech		114		61	55	230	121	73	84	278
Software and Control		428		247	178	853	604	388	340	1,332
Total		$	1,960	1,113	704	3,777	2,192	1,306	895	4,393
	Six Months Ended March 31,						Six Months Ended March 31,
	2023						2024
		Americas		AMEA	Europe	Total	Americas	AMEA	Europe	Total
Final Control		$	940	670	244	1,854	967	774	250	1,991
Measurement & Analytical		851		550	236	1,637	987	659	314	1,960
Discrete Automation		602		359	340	1,301	580	323	342	1,245
Safety & Productivity		508		33	130	671	512	35	140	687
Intelligent Devices		2,901		1,612	950	5,463	3,046	1,791	1,046	5,883
Control Systems & Software		608		371	250	1,229	646	426	290	1,362
Test & Measurement		—		—	—	—	326	197	226	749
AspenTech		226		124	123	473	261	133	141	535
Software and Control		834		495	373	1,702	1,233	756	657	2,646
Corporate and other
Total		$	3,735	2,107	1,323	7,165	4,279	2,547	1,703	8,529