RESTRUCTURING COSTS

12 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

RESTRUCTURING COSTS

RESTRUCTURING COSTS

Each year the Company incurs costs to size its businesses to levels appropriate for current economic conditions and to continually improve its cost structure and operational efficiency, deploy assets globally, and remain competitive on a worldwide basis. Costs result from numerous individual actions implemented across the Company's various operating units on an ongoing basis and can include costs for moving facilities to best-cost locations, restarting plants after relocation or geographic expansion to better serve local markets, reducing headcount or the number of facilities, exiting certain product lines, and other costs resulting from asset deployment decisions (such as contract termination costs, asset write-downs and vacant facility costs).

Restructuring expenses were $136, $228 and $72 for 2025, 2024 and 2023, respectively. The Company expects fiscal year 2026 restructuring and related costs to be approximately $100.

Restructuring costs by business segment follows:

	2023		2024	2025
Final Control	$	12	12	9
Measurement & Analytical	9		26	14
Discrete Automation	27		35	28
Safety & Productivity	—		7	4
Intelligent Devices	48		80	55
Control Systems & Software	10		19	25
Test & Measurement	—		78	15
Software and Control	10		97	40
Corporate	14		51	41
Total	$	72	228	136

Actions taken in 2025, 2024 and 2023 included workforce reductions of approximately 2,100, 2,250 and 700 positions and the exit of thirteen, twenty-two and ten production facilities and sales offices worldwide, respectively. Corporate restructuring for 2025 includes $22 of integration-related stock compensation expense attributable to AspenTech and $3 attributable to NI, while 2024 includes $43 attributable to NI.

The change in the liability for restructuring costs during the years ended September 30 follows:

	2024		Expense		Utilized/Paid		2025
Severance and benefits	$	105		120		109	116
Other	7			16		19	4
Total	$	112		136		128	120

	2023		Expense		Utilized/Paid		2024
Severance and benefits	$	85		191		171	105
Other	2			37		32	7
Total	$	87		228		203	112

The tables above do not include $26, $16 and $20 of costs related to restructuring actions incurred in 2025, 2024 and 2023 respectively.