GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES

The change in the carrying value of goodwill by business segment follows:

	Final Control		Measurement & Analytical	Discrete Automation	Safety & Productivity	Control Systems & Software	Test & Measurement	Total
Balance, September 30, 2023	$	2,660	1,545	892	388	8,995	—	14,480
Acquisitions	—		—	—	—	—	3,442	3,442
Foreign currency translation and other	42		31	27	16	8	21	145
Balance, September 30, 2024	2,702		1,576	919	404	9,003	3,463	18,067
Acquisitions	—		—	—	—	32	—	32
Foreign currency translation and other	16		28	26	17	2	5	94
Balance, September 30, 2025	$	2,718	1,604	945	421	9,037	3,468	18,193

The gross carrying amount and accumulated amortization of identifiable intangible assets by major class follow:

	Customer Relationships			Intellectual Property		Capitalized Software		Total
	2024		2025	2024	2025	2024	2025	2024	2025
Gross carrying amount	$	8,114	8,180	6,017	6,069	1,497	1,583	15,628	15,832
Less: Accumulated amortization	1,818		2,379	2,116	2,658	1,258	1,337	5,192	6,374
Net carrying amount	$	6,296	5,801	3,901	3,411	239	246	10,436	9,458

Intangible asset amortization expense for the major classes included above for 2025, 2024 and 2023 was $1,174, $1,366 and $764, respectively. Based on intangible asset balances as of September 30, 2025, amortization expense is expected to approximate $1,110 in 2026, $1,076 in 2027, $1,030 in 2028, $977 in 2029 and $940 in 2030. The increase in goodwill and intangible assets in 2024 reflects the National Instruments acquisition.