XML 34 R24.htm IDEA: XBRL DOCUMENT v3.25.1
BUSINESS SEGMENTS
6 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
As disclosed in Note 4, on March 12, 2025, Emerson completed its purchase of the remaining outstanding shares of common stock of AspenTech not already owned by the Company. As a result of the transaction, AspenTech is now a wholly owned subsidiary of the Company. AspenTech was reorganized upon completion of the transaction and now reports to Control Systems & Software leadership. AspenTech's results, which were previously reported as a separate segment, are now consolidated into the Control Systems & Software segment for all periods presented. Prior year amounts have been reclassified to conform to the current year presentation. In 2024, the Company completed the acquisition of NI on October 11, 2023. NI is now referred to as Test & Measurement and reported as a 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,
 SalesEarnings (Loss)SalesEarnings (Loss)
 2024 2025 2024 2025 2024 2025 2024 2025 
Final Control$1,051 1,073 259 267 $1,991 2,049 453 503 
Measurement & Analytical1,013 1,002 274 266 1,960 1,977 509 551 
Discrete Automation632 615 116 117 1,245 1,195 213 215 
Safety & Productivity365 339 83 75 687 651 151 143 
Intelligent Devices3,061 3,029 732 725 5,883 5,872 1,326 1,412 
Control Systems & Software965 1,062 143 239 1,897 2,055 257 446 
Test & Measurement367 359 (79)(24)749 718 (157)(37)
Software and Control1,332 1,421 64 215 2,646 2,773 100 409 
Stock compensation
(73)(59)(147)(127)
Unallocated pension and postretirement costs38 27 69 55 
Corporate and other(103)(238)(502)(295)
Gain on subordinated interest79  79  
Eliminations/Interest(17)(18)(57)(41)(36)(37)(101)(50)
Interest income from related party31  62  
     Total$4,376 4,432 711 629 $8,493 8,608 886 1,404 
Stock compensation for the three months and six months ended March 31, 2025 included $6 of integration-related stock compensation expense attributable to AspenTech (of which $1, was reported as restructuring costs). Additionally, the three months and six months ended March 31, 2025 included $3 and $5 of integration-related stock compensation expense attributable to NI. 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, 2025 included acquisition/divestiture fees and related costs of $160 and $179, respectively. 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 included acquisition-related inventory step-up amortization of $231.
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,
2024 2025 2024 2025 
Final Control$39 41 $79 81 
Measurement & Analytical33 31 73 62 
Discrete Automation21 22 43 43 
Safety & Productivity15 14 29 29 
Intelligent Devices108 108 224 215 
Control Systems & Software152 146 296 293 
Test & Measurement153 119 304 237 
Software and Control305 265 600 530 
Corporate and other11 11 22 22 
     Total$424 384 $846 767 

Test & Measurement depreciation and amortization for the three and six months ended March 31, 2024 included backlog amortization of $34 and $68, respectively.
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,
20242025
AmericasAMEAEurope Total AmericasAMEAEurope Total
Final Control$513 404 134 1,051 551 391 131 1,073 
Measurement & Analytical512 334 167 1,013 494 355 153 1,002 
Discrete Automation294 161 177 632 297 148 170 615 
Safety & Productivity269 19 77 365 261 16 62 339 
Intelligent Devices1,588 918 555 3,061 1,603 910 516 3,029 
Control Systems & Software442 290 233 965 493 320 249 1,062 
Test & Measurement162 98 107 367 156 101 102 359 
Software and Control604 388 340 1,332 649 421 351 1,421 
     Total$2,192 1,306 895 4,393 2,252 1,331 867 4,450 
Six Months Ended March 31,Six Months Ended March 31,
20242025
AmericasAMEAEuropeTotalAmericasAMEAEuropeTotal
Final Control$967 774 250 1,991 1,026 780 243 2,049 
Measurement & Analytical987 659 314 1,960 982 693 302 1,977 
Discrete Automation580 323 342 1,245 577 298 320 1,195 
Safety & Productivity512 35 140 687 501 31 119 651 
Intelligent Devices3,046 1,791 1,046 5,883 3,086 1,802 984 5,872 
Control Systems & Software907 559 431 1,897 979 610 466 2,055 
Test & Measurement326 197 226 749 331 194 193 718 
Software and Control1,233 756 657 2,646 1,310 804 659 2,773 
Total$4,279 2,547 1,703 8,529 4,396 2,606 1,643 8,645