STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Arrangement, Cost by Plan

Total compensation expense and income tax benefits for Emerson and AspenTech stock options and incentive shares follows.

	2022		2023	2024
Performance shares	$	89	165	90
Restricted stock and restricted stock units	23		24	115
AspenTech stock-based compensation plans	32		82	55
Total stock compensation expense	144		271	260
Less: discontinued operations	19		21	—
Stock compensation expense from continuing operations	$	125	250	260
Income tax benefits recognized	$	19	28	32

Schedule of Performance Share Payout Information

Information related to performance share payouts for the years ended September 30, 2023 and 2024 follows (shares in thousands):

	2023		2024
Performance period	2020 - 2022		2021 - 2023
Percent payout	106	%	118	%
Total shares earned	1,557		1,733
Shares distributed in cash, primarily for tax withholding	684		755

Schedule of Changes in Incentive Awards Outstanding

Changes in shares outstanding but not yet earned under incentive shares plans during the year ended September 30, 2024 follow (shares in thousands; assumes 100 percent payout of unvested awards):

	Shares	Average Grant Date Fair Value Per Share
Beginning of year	4,437		$	82.02
Granted	1,257		$	91.88
Assumed	2,114		$	96.65
Earned/vested	(2,986)		$	80.83
Canceled	(188)		$	91.01
End of year	4,634		$	91.46

Schedule of Supplemental Information for Incentive Awards

Information related to Emerson incentive shares plans follows:

	2022		2023	2024
Total fair value of shares earned/vested	$	158	158	284
Share awards distributed in cash, primarily for tax withholding	$	69	73	81

Schedule of Changes in Shares Subject to Option

Changes in shares subject to options during the year ended September 30, 2024 follow (shares in thousands):

	Weighted- Average Exercise Price Per Share			Shares	Total Intrinsic Value of Shares			Average Remaining Life (Years)
Beginning of year		$	53.35	589
Options exercised		$	54.76	(294)
Options canceled		$	62.47	(7)
End of year		$	51.71	288		$	16		1.4
Exercisable at end of year		$	51.71	289		$	16		1.4

A summary of AspenTech stock option activity in 2024 is as follows (shares in thousands):

	Weighted- Average Exercise Price Per Share			Shares	Total Intrinsic Value of Shares			Average Remaining Contractual Term (Years)
Beginning of year		$	161.26	974
Granted		$	—	—
Exercised		$	104.86	(217)
Canceled / Forfeited		$	118.38	(76)
End of year		$	159.47	681		$	66		5.6
Exercisable at end of year		$	133.36	563		$	59		5.2
Vested and expected to vest at September 30, 2024		$	142.10	676		$	65		5.6

Schedule of Cash Proceeds Received and Tax Benefit from Share-based Payment Awards, Options

Information related to Emerson stock options follows:

	2022		2023	2024
Cash received for option exercises	$	15	49	14
Intrinsic value of options exercised	$	11	27	15
Tax benefits related to option exercises	$	7	4	5

Share-Based Payment Arrangement, Restricted Stock Unit, Activity

A summary of AspenTech restricted stock unit and performance stock unit activity in 2024 is as follows (shares in thousands):

	Weighted- Average Grant Date Fair Value			Shares
Beginning of year		$	193.17	653
Granted		$	230.22	263
Settled		$	192.52	(306)
Canceled / Forfeited		$	196.48	(95)
End of year		$	212.13	515
Vested and expected to vest at September 30, 2024		$	213.47	471