RESTRUCTURING COSTS

3 Months Ended

Dec. 31, 2024

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 2025 restructuring expense and related costs to be approximately $110, 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,
	2023			2024
Final Control		$	3		2
Measurement & Analytical		3			1
Discrete Automation		10			6
Safety & Productivity		—			—
Intelligent Devices		16			9
Control Systems & Software		1			2
Test & Measurement		40			(1)
AspenTech		—			—
Software and Control		41			1
Corporate		26			1
Total		$	83		11

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

Details of the change in the liability for restructuring costs during the three months ended December 31, 2024 follow:

	Sept 30, 2024			Expense		Utilized/Paid		Dec 31, 2024
Severance and benefits		$	105		9		26		88
Other		7			2		2		7
Total		$	112		11		28		95

The tables above do not include $2 and $4 of costs related to restructuring actions incurred for the three months ended December 31, 2024 and 2023, respectively, that are required to be reported in selling, general and administrative expenses.