RESTRUCTURING COSTS

6 Months Ended

Mar. 31, 2025

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 $140, including costs to complete actions initiated in the first six months of the year.

Restructuring expense by business segment follows:

	Three Months Ended March 31,					Six Months Ended March 31,
	2024			2025		2024			2025
Final Control		$	(7)		2		$	(4)		4
Measurement & Analytical		1			2		4			3
Discrete Automation		7			5		17			11
Safety & Productivity		1			—		1			—
Intelligent Devices		2			9		18			18
Control Systems & Software		3			6		4			8
Test & Measurement		14			4		54			3
Software and Control		17			10		58			11
Corporate		11			2		37			3
Total		$	30		21		$	113		32

Corporate restructuring for the three and six months ended March 31, 2025 includes $1 of integration-related stock compensation expense attributable to the AspenTech transaction. Corporate restructuring for the three and six months ended March 31, 2024 of $11 and $37 respectively, is comprised almost entirely of integration-related stock compensation expense attributable to NI.

Details of the change in the liability for restructuring costs during the six months ended March 31, 2025 follow:

	Sept 30, 2024			Expense		Utilized/Paid		Mar 31, 2025
Severance and benefits		$	105		26		46		85
Other		7			6		8		5
Total		$	112		32		54		90

The tables above do not include $3 and $6 of costs related to restructuring actions incurred for the three months ended March 31, 2024 and 2025, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses; year-to-date amounts are $7 and $8, respectively.