Rockwell Automation (ROK) 10-Q 26 Jan 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Dec. 31, 2022 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-12383
Entity Registrant Name	Rockwell Automation, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	25-1797617
Entity Address, Address Line One	1201 South Second Street
Entity Address, City or Town	Milwaukee,
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53204
City Area Code	414
Local Phone Number	382-2000
Title of 12(b) Security	Common Stock ($1.00 par value)
Trading Symbol	ROK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)	114,782,447
Entity Central Index Key	0001024478
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Current assets
Cash and cash equivalents	$ 460	$ 490.7
Receivables	1,839.4	1,736.7
Inventories	1,270.5	1,054.2
Other current assets	289.6	329.1
Total current assets	3,859.5	3,610.7
Property, net of accumulated depreciation of $1,743.3 and $1,702.3, respectively	623.4	586.5
Operating lease right-of-use assets	319.5	321
Goodwill	3,640.6	3,524
Other intangible assets, net	918.1	902
Deferred income taxes	341.1	384.3
Long-term investments	1,057.6	1,056
Other assets	390	374.2
Total	11,149.8	10,758.7
Current liabilities
Short-term debt	548.2	359.3
Current portion of long-term debt	608.5	609.1
Accounts payable	1,034.5	1,028
Compensation and benefits	260.8	292.7
Contract liabilities	541.8	507
Customer returns, rebates and incentives	345	373.1
Other current liabilities	407.9	403
Total current liabilities	3,746.7	3,572.2
Long-term debt	2,866.9	2,867.8
Retirement benefits	474.1	471.2
Operating lease liabilities	260.3	263.5
Other liabilities	601.2	567.3
Commitments and contingent liabilities (Note 13)
Shareowners’ equity
Common stock ($1.00 par value, shares issued: 181.4)	181.4	181.4
Additional paid-in capital	2,015.7	2,007.1
Retained earnings	8,659.9	8,411.8
Accumulated other comprehensive loss	(853.2)	(917.5)
Common stock in treasury, at cost (shares held: 66.6 and 66.2, respectively)	(7,089)	(6,957.2)
Shareowners’ equity attributable to Rockwell Automation, Inc.	2,914.8	2,725.6
Noncontrolling interests	285.8	291.1
Total shareowners’ equity	3,200.6	3,016.7
Total	$ 11,149.8	$ 10,758.7

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 1,743.3	$ 1,702.3
Common stock, par value per share (in usd per share)	$ 1	$ 1
Common stock, shares, issued (in shares)	181.4	181.4
Treasury stock, shares (in shares)	66.6	66.2

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Sales
Sales	$ 1,981	$ 1,857.3
Cost of sales
Cost of sales	(1,167.4)	(1,108.2)
Gross profit	813.6	749.1
Selling, general and administrative expenses	(469.5)	(447.5)
Change in fair value of investments	140.6	7.6
Other income	17.3	2.9
Interest expense	(34.1)	(29.6)
Income before income taxes	467.9	282.5
Income tax provision	(89.2)	(43.6)
Net income (loss)	378.7	238.9
Net loss attributable to noncontrolling interests	(5.3)	(2.6)
Net income attributable to Rockwell Automation, Inc.	$ 384	$ 241.5
Earnings per share:
Basic (in usd per share)	$ 3.33	$ 2.08
Diluted (in usd per share)	$ 3.31	$ 2.05
Weighted average outstanding shares:
Basic (in shares)	114.8	116
Diluted (in shares)	115.5	117.3
Products and solutions
Sales
Sales	$ 1,789.7	$ 1,673.3
Cost of sales
Cost of sales	(1,044.7)	(990.3)
Services
Sales
Sales	191.3	184
Cost of sales
Cost of sales	$ (122.7)	$ (117.9)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 378,700	$ 238,900
Other comprehensive (loss) income
Pension and other postretirement benefit plan adjustments (net of tax benefit (expense) of $0.4 and ($5.4))	(400)	16,900
Currency translation adjustments	85,800	(19,500)
Net change in cash flow hedges (net of tax benefit (expense) of $8.9 and ($2.6))	(21,100)	7,500
Other comprehensive income	64,300	4,900
Comprehensive income	443,000	243,800
Comprehensive loss attributable to noncontrolling interests	(5,300)	(2,600)
Comprehensive income attributable to Rockwell Automation, Inc.	$ 448,300	$ 246,400

Consolidated Statement of Com_2

Consolidated Statement of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Pension and other postretirement benefit plan adjustments tax (expense) benefit	$ 0.4	$ (5.4)
Net change in unrealized gains and losses on cash flow hedges tax (expense) benefit	$ 8.9	$ (2.6)

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities:
Net income	$ 378.7	$ 238.9
Adjustments to arrive at cash provided by (used for) operating activities
Depreciation	29	31.4
Amortization of intangible assets	28.8	27.5
Change in fair value of investments	(140.6)	(7.6)
Share-based compensation expense	18.4	15.5
Retirement benefit (income) expense	(1.7)	16.2
Pension contributions	(7)	(7.5)
Net loss on disposition of property	0.9	0.4
Changes in assets and liabilities, excluding effects of acquisitions and foreign currency adjustments
Receivables	(32.6)	(77.7)
Inventories	(175.3)	(78.3)
Accounts payable	(29.8)	(29.7)
Contract liabilities	52.7	27.1
Compensation and benefits	(40.2)	(135.3)
Income taxes	73.1	(37.6)
Other assets and liabilities	(88.1)	4.7
Cash provided by (used for) operating activities	66.3	(12)
Investing activities:
Capital expenditures	(24.2)	(37.1)
Acquisition of businesses, net of cash acquired	(133.8)	(10.5)
Purchases of investments	0	(1.5)
Proceeds from sale of investments	144.8	0
Other investing activities	(5.1)	0.4
Cash used for investing activities	(18.3)	(48.7)
Financing activities:
Net issuance of short-term debt	206.9	99
Repayment of short-term debt	(18.8)	0
Cash dividends	(135.9)	(130.1)
Purchases of treasury stock	(156.8)	(49.8)
Proceeds from the exercise of stock options	13.4	31.8
Other financing activities	(14.1)	(2.9)
Cash used for financing activities	(105.3)	(52)
Effect of exchange rate changes on cash	18	(9.5)
Decrease in cash, cash equivalents, and restricted cash	(39.3)	(122.2)
Cash, cash equivalents, and restricted cash at beginning of period	507.9	679.4
Cash, cash equivalents, and restricted cash at end of period	468.6	557.2
Components of cash, cash equivalents, and restricted cash
Cash and cash equivalents	460	540
Restricted cash, current (Other current assets)	8.6	8.6
Restricted cash, noncurrent (Other assets)	0	8.6
Total cash, cash equivalents, and restricted cash	$ 468.6	$ 557.2

Consolidated Statement of Share

Consolidated Statement of Shareowners' Equity - USD ($) $ in Millions		Total	Total attributable to Rockwell Automation, Inc.	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive loss	Common stock in treasury, at cost	Noncontrolling interests
Balance at beginning of period at Sep. 30, 2021		$ 2,694.1	$ 2,389.6	$ 181.4	$ 1,933.6	$ 8,000.4	$ (1,017.1)	$ (6,708.7)	$ 304.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		238.9	241.5			241.5			(2.6)
Other comprehensive income		4.9	4.9				4.9		0
Common stock issued (including share-based compensation impact)		48.5	48.5		19.4			29.1
Share repurchases		(49.4)	(49.4)					(49.4)
Cash dividends declared	[1]	(130.2)	(130.2)			(130.2)
Balance at end of period at Dec. 31, 2021		2,806.8	2,504.9	181.4	1,953	8,111.7	(1,012.2)	(6,729)	301.9
Balance at beginning of period at Sep. 30, 2022		3,016.7	2,725.6	181.4	2,007.1	8,411.8	(917.5)	(6,957.2)	291.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		378.7	384			384			(5.3)
Other comprehensive income		64.3	64.3				64.3		0
Common stock issued (including share-based compensation impact)		32.8	32.8		8.6			24.2
Share repurchases		(156)	(156)					(156)
Cash dividends declared	[1]	(135.9)	(135.9)			(135.9)
Balance at end of period at Dec. 31, 2022		$ 3,200.6	$ 2,914.8	$ 181.4	$ 2,015.7	$ 8,659.9	$ (853.2)	$ (7,089)	$ 285.8
[1]Cash dividends were $1.18 per share and $1.12 per share in the three months ended December 31, 2022 and 2021, respectively.

Consolidated Statement of Sha_2

Consolidated Statement of Shareowners' Equity (Parenthetical) - $ / shares	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends per share (in usd per share)	$ 1.18	$ 1.12

Basis of Presentation and Accou

Basis of Presentation and Accounting Policies	3 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Accounting Policies	Basis of Presentation and Accounting Policies In the opinion of management of Rockwell Automation, Inc. ("Rockwell Automation" or "the Company"), the unaudited Consolidated Financial Statements contain all adjustments necessary to present fairly the financial position, results of operations, and cash flows for the periods presented and, except as otherwise indicated, such adjustments consist only of those of a normal, recurring nature. These statements should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended September 30, 2022. The results of operations for the three months ended December 31, 2022, are not necessarily indicative of the results for the full year. All date references to years and quarters herein refer to our fiscal year and fiscal quarter, unless otherwise stated. Receivables We record an allowance for doubtful accounts based on customer-specific analysis and general matters such as current assessments of past due balances and economic conditions. Receivables are recorded net of an allowance for doubtful accounts of $15.7 million at December 31, 2022, and $13.1 million at September 30, 2022. In addition, receivables are recorded net of an allowance for certain customer returns, rebates, and incentives of $16.3 million at December 31, 2022, and $13.9 million at September 30, 2022. The changes to our allowance for doubtful accounts during the three months ended December 31, 2022 and 2021, were not material and primarily consisted of current-period provisions, write-offs charged against the allowance, recoveries collected, and foreign currency translation. Earnings Per Share The following table reconciles basic and Diluted earnings per share (EPS) amounts (in millions, except per share amounts): Three Months Ended 2022 2021 Net income attributable to Rockwell Automation, Inc. $ 384.0 $ 241.5 Less: Allocation to participating securities (1.5) (0.7) Net income available to common shareowners $ 382.5 $ 240.8 Basic weighted average outstanding shares 114.8 116.0 Effect of dilutive securities Stock options 0.6 1.1 Performance shares 0.1 0.2 Diluted weighted average outstanding shares 115.5 117.3 Earnings per share: Basic $ 3.33 $ 2.08 Diluted $ 3.31 $ 2.05 For the three months ended December 31, 2022 and 2021, there were 0.6 million and 0.3 million shares, respectively, related to share-based compensation awards that were excluded from the diluted EPS calculation because they were antidilutive. Non-Cash Investing and Financing Activities Capital expenditures of $32.9 million and $27.3 million were accrued within Accounts payable and Other current liabilities at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, respectively, there were $0.8 million and $1.4 million of outstanding common stock share repurchases recorded in Accounts payable that did not settle until the next quarter. These non-cash investing and financing activities have been excluded from cash used for capital expenditures and treasury stock purchases in the Consolidated Statement of Cash Flows. Recently Adopted Accounting Pronouncements In October 2021, the Financial Accounting Standards Board (FASB) issued a new standard that requires companies to apply Accounting Standards Codification (ASC) 606 to recognize and measure contract assets and contract liabilities in a business combination. We retroactively adopted the new standard as of October 1, 2021. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Recently Issued Accounting Pronouncements In September 2022, the FASB issued a new standard, which requires the buyer in a supplier finance program to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. We are currently assessing the impact of this standard on our financial statement disclosures. We do not expect any other recently issued accounting pronouncements to have a material impact on our Consolidated Financial Statements and related disclosures.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Nature of Products and Services Substantially all of our revenue is from contracts with customers. We recognize revenue as promised products are transferred to, or services are performed for, customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those products and services. Our offerings consist of industrial automation and information products, solutions, and services. Our products include hardware, software, and configured-to-order products. Our solutions include custom-engineered systems and software. Our services include customer technical support and repair, asset management and optimization consulting, and training. Also included in our services is a portion of revenue related to spare parts that are managed within our services offering. Our operations are comprised of the Intelligent Devices segment, the Software & Control segment, and the Lifecycle Services segment. Revenue from the Intelligent Devices and Software & Control segments is predominantly comprised of product sales, which are recognized at a point in time. The Software & Control segment also contains revenue from software products, which may be recognized over time if certain criteria are met. Revenue from the Lifecycle Services segment is predominantly comprised of solutions and services, which are primarily recognized over time. See Note 15 for more information. Unfulfilled Performance Obligations As of December 31, 2022, we expect to recognize approximately $1,260 million of revenue in future periods from unfulfilled performance obligations from existing contracts with customers. We expect to recognize revenue of approximately $625 million from our remaining performance obligations over the next 12 months with the remaining balance recognized thereafter. We have applied the practical expedient to exclude the value of remaining performance obligations for (i) contracts with an original term of one year or less and (ii) contracts for which we recognize revenue in proportion to the amount we have the right to invoice for services performed. The amounts above also do not include the impact of contract renewal options that are unexercised as of December 31, 2022. Disaggregation of Revenue The following table presents our revenue disaggregation by geographic region for our three operating segments (in millions). We attribute sales to the geographic regions based on the country of destination. Three Months Ended December 31, 2022 Intelligent Devices Software & Control Lifecycle Services Total North America $ 567.4 $ 384.1 $ 227.4 $ 1,178.9 Europe, Middle East and Africa 171.2 85.8 115.8 372.8 Asia Pacific 131.3 68.4 96.8 296.5 Latin America 66.3 35.0 31.5 132.8 Total Company Sales $ 936.2 $ 573.3 $ 471.5 $ 1,981.0 Three Months Ended December 31, 2021 Intelligent Devices Software & Control Lifecycle Services Total North America $ 558.9 $ 324.1 $ 217.7 $ 1,100.7 Europe, Middle East and Africa 157.8 88.4 108.5 354.7 Asia Pacific 123.3 73.7 81.9 278.9 Latin America 60.3 27.7 35.0 123.0 Total Company Sales $ 900.3 $ 513.9 $ 443.1 $ 1,857.3 Contract Liabilities Contract liabilities primarily relate to consideration received in advance of performance under the contract. Below is a summary of our Contract liabilities balance, the portion not expected to be recognized within twelve months is included within Other liabilities in the Consolidated Balance Sheet (in millions): December 31, 2022 December 31, 2021 Balance as of beginning of year $ 541.3 $ 462.5 Balance as of end of period 602.4 487.3 The most significant changes in our Contract liabilities balance during the three months ended December 31, 2022, were due to amounts billed, partially offset by revenue recognized that was included in the Contract liabilities balance at the beginning of the period and revenue recognized on amounts billed during the period. The most significant changes in our Contract liabilities balance during the three months ended December 31, 2021, were due to amounts billed, partially offset by revenue recognized that was included in the Contract liabilities balance at the beginning of the period. In the three months ended December 31, 2022, we recognized revenue of approximately $200.9 million that was included in the Contract liabilities balance at September 30, 2022. In the three months ended December 31, 2021, we recognized revenue of approximately $141.6 million that was included in the Contract liabilities balance at September 30, 2021. We did not have a material amount of revenue recognized in the three months ended December 31, 2022 and 2021, from performance obligations satisfied or partially satisfied in previous periods.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation We recognized $18.4 million and $15.5 million of pre-tax share-based compensation expense during the three months ended December 31, 2022 and 2021, respectively. Our annual grant of share-based compensation takes place during the first quarter of each year. The number of shares granted to employees and non-employee directors and the weighted average fair value per share during the periods presented were (in thousands, except per share amounts): Three Months Ended December 31, 2022 2021 Grants Wtd. Avg. Grants Wtd. Avg. Stock options 233 $ 77.62 164 $ 87.68 Performance shares 66 340.77 37 481.28 Restricted stock and restricted stock units 211 259.67 139 348.32 Unrestricted stock 6 259.81 3 350.76

Inventories

Inventories	3 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of (in millions): December 31, 2022 September 30, 2022 Finished goods $ 385.5 $ 325.0 Work in process 372.7 317.3 Raw materials 512.3 411.9 Inventories $ 1,270.5 $ 1,054.2

Acquisitions

Acquisitions	3 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2023 Acquisition In October 2022, we acquired CUBIC, a company that specializes in modular systems for the construction of electrical panels, headquartered in Bronderslev, Denmark. We recorded assets acquired and liabilities assumed in connection with this acquisition based on their estimated fair values as of the acquisition date of October 31, 2022. The preliminary aggregate purchase price allocation is as follows (in millions): Purchase Price Allocation Receivables $ 21.3 Inventories 17.7 Property 27.0 Goodwill 64.5 Other intangible assets 36.4 All other assets 1.5 Total assets acquired 168.4 Less: Total liabilities assumed (34.6) Net assets acquired, excluding cash $ 133.8 Purchase Consideration Total purchase consideration, net of cash acquired $ 133.8 We assigned the full amount of goodwill and all other net assets acquired related to this acquisition to our Intelligent Devices segment. The goodwill recorded represents intangible assets that do not qualify for separate recognition. We do not expect the goodwill to be deductible for tax purposes. The allocation of the purchase price to identifiable assets above is based on the preliminary valuations performed to determine the fair value of the net assets as of the acquisition date. The measurement period for the valuation of net assets acquired ends as soon as information on the facts and circumstances that existed as of the acquisition date becomes available, but not to exceed 12 months following the acquisition date. Adjustments in purchase price allocations may require a change in the amounts allocated to net assets acquired during the periods in which the adjustments are determined. 2022 Acquisitions In November 2021, we acquired AVATA, a services provider for supply chain management, enterprise resource planning, and enterprise performance management solutions. We assigned the full amount of goodwill related to this acquisition to our Lifecycle Services segment. In March 2022, we, through our Sensia affiliate, acquired Swinton Technology, a provider of metering supervisory systems and measurement expertise in the Oil & Gas industry. We assigned the full amount of goodwill related to this acquisition to our Lifecycle Services segment. Pro forma consolidated sales for the three months ended December 31, 2022 and 2021, were $2.0 billion and $1.9 billion, respectively, and the impact on earnings was not material. The preceding pro forma consolidated financial results of operations are as if the preceding 2023 and 2022 acquisitions occurred on October 1, 2021. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the transaction occurred as of that time. Total sales and acquisition-related costs from all of the above 2023 and 2022 acquisitions in the three months ended December 31, 2022 and 2021, were not material.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of Goodwill for the three months ended December 31, 2022, were (in millions): Intelligent Devices Software & Control Lifecycle Services Total Balance as of September 30, 2022 $ 503.0 $ 2,398.7 $ 622.3 $ 3,524.0 Acquisition of business 64.5 — — 64.5 Translation 19.1 22.4 10.6 52.1 Balance as of December 31, 2022 $ 586.6 $ 2,421.1 $ 632.9 $ 3,640.6 We perform our annual evaluation of goodwill and indefinite life intangible assets for impairment during the second quarter of each year, or more frequently, if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We assessed the changes in events and circumstances during the first quarter of 2023 and concluded that no triggering events, which would require interim quantitative testing, occurred. Other intangible assets consist of (in millions): December 31, 2022 Carrying Accumulated Net Amortized intangible assets Software products $ 98.6 $ 60.2 $ 38.4 Customer relationships 598.8 115.9 482.9 Technology 422.8 133.2 289.6 Trademarks 84.7 22.0 62.7 Other 7.6 6.8 0.8 Total amortized intangible assets 1,212.5 338.1 874.4 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,256.2 $ 338.1 $ 918.1 September 30, 2022 Carrying Accumulated Net Amortized intangible assets Software products $ 97.6 $ 57.9 $ 39.7 Customer relationships 582.7 107.2 475.5 Technology 410.8 119.3 291.5 Trademarks 70.4 19.4 51.0 Other 6.4 5.8 0.6 Total amortized intangible assets 1,167.9 309.6 858.3 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,211.6 $ 309.6 $ 902.0 Estimated total amortization expense for all amortized intangible assets is $112.9 million in 2023, $110.1 million in 2024, $106.8 million in 2025, $105.7 million in 2026, and $98.8 million in 2027.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	3 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	Short-Term and Long-Term Debt Our Short-term debt as of December 31, 2022, and September 30, 2022, includes commercial paper borrowings of $462.0 million and $317.0 million, respectively, with weighted average interest rates of 4.40 percent and 3.03 percent, respectively, and weighted average maturity periods of 22 days at both December 31, 2022, and September 30, 2022. During the quarter ended December 31, 2022, Sensia entered into an unsecured $75.0 million line of credit and borrowed $50.0 million, with an interest rate of 5.35 percent, which is also included in Short-term debt. Also included in Short-term debt as of December 31, 2022, and September 30, 2022, is $23.5 million and $42.3 million, respectively, of interest-bearing loans from Schlumberger (SLB) to Sensia due December 29, 2023. The following table presents the carrying amounts and estimated fair values of Long-term debt in the Consolidated Balance Sheet (in millions): December 31, 2022 September 30, 2022 Carrying Value Fair Value Carrying Value Fair Value Current portion of long-term debt $ 608.5 $ 592.6 $ 609.1 $ 589.1 Long-term debt 2,866.9 2,503.6 2,867.8 2,485.4 We base the fair value of Long-term debt upon quoted market prices for the same or similar issues and therefore consider this a level 2 fair value measurement. The fair value of Long-term debt considers the terms of the debt excluding the impact of derivative and hedging activity. Refer to Note 9 for further information regarding levels in the fair value hierarchy. The carrying value of our Short-term debt approximates fair value.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities consist of (in millions): December 31, 2022 September 30, 2022 Unrealized losses on foreign exchange contracts $ 16.1 $ 31.2 Product warranty obligations 15.9 16.5 Taxes other than income taxes 44.6 65.6 Accrued interest 38.2 18.1 Income taxes payable 111.8 81.1 Operating lease liabilities 87.2 83.3 Other 94.1 107.2 Other current liabilities $ 407.9 $ 403.0

Investments

Investments	3 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Our investments consist of (in millions): December 31, 2022 September 30, 2022 Fixed income securities $ 12.4 $ 12.6 Equity securities (level 1) 925.0 928.8 Equity securities (other) 76.4 76.4 Other 56.2 50.8 Total investments 1,070.0 1,068.6 Less: Short-term investments (1) (12.4) (12.6) Long-term investments $ 1,057.6 $ 1,056.0 (1) Short-term investments are included in Other current assets in the Consolidated Balance Sheet. Equity Securities Equity securities (level 1) consist of 7,705,717 and 8,879,717 shares of PTC Inc. ("PTC") common stock (the "PTC Shares") at December 31, 2022, and September 30, 2022, respectively. The PTC Shares are classified as level 1 in the fair value hierarchy, as described below, and are recognized at fair value in the Consolidated Balance Sheet using the most recent closing price of PTC common stock quoted on Nasdaq. Equity securities (other) consist of various securities that do not have a readily determinable fair value, which we account for using the measurement alternative under U.S. GAAP. These securities are recorded at the investment cost, less impairment, plus or minus observable price changes (in orderly transactions) of an identical or similar investment of the same issuer in the Consolidated Balance Sheet. Observable price changes are classified as level 2 in the fair value hierarchy, as described below. The carrying values at December 31, 2022, and September 30, 2022, include cumulative upward adjustments from observed price changes of $17.2 million. We record gains and losses on investments within the Change in fair value of investments line in the Consolidated Statement of Operations. The gains and losses on investments we recorded for the following periods were (in millions): Three Months Ended 2022 2021 Net gain on equity securities (level 1) $ 141.0 $ 14.4 Equity method loss on Other investments (0.4) (6.8) Change in fair value of investments 140.6 7.6 Total net unrealized gain on equity securities $ 107.1 $ 14.4 U.S. GAAP defines fair value as the price that would be received for an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. U.S. GAAP also classifies the inputs used to measure fair value into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3: Unobservable inputs for the asset or liability. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while we believe our valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. We did not have any transfers between levels of fair value measurements during the period presented.

Retirement Benefits

Retirement Benefits	3 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The components of net periodic pension and postretirement benefit (credit) cost were (in millions): Pension Benefits Three Months Ended 2022 2021 Service cost $ 10.6 $ 20.4 Interest cost 39.2 32.4 Expected return on plan assets (51.3) (59.4) Amortization of net actuarial (gain) loss (1.0) 22.3 Net periodic pension benefit (credit) cost $ (2.5) $ 15.7 Other Postretirement Benefits Three Months Ended 2022 2021 Service cost $ 0.1 $ 0.2 Interest cost 0.6 0.3 Amortization of prior service credit — (0.2) Amortization of net actuarial loss 0.1 0.2 Net periodic postretirement benefit cost $ 0.8 $ 0.5 The service cost component is included in Cost of sales and Selling, general and administrative expenses in the Consolidated Statement of Operations. All other components are included in Other income in the Consolidated Statement of Operations.

Other Income

Other Income	3 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Income	Other Income The components of Other income were (in millions): Three Months Ended 2022 2021 Interest income $ 1.3 $ 0.5 Royalty income 2.5 2.7 Legacy product liability and environmental charges (2.8) (3.2) Non-operating pension and postretirement benefit credit 12.4 4.4 Other 3.9 (1.5) Other income $ 17.3 $ 2.9

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in Accumulated other comprehensive loss attributable to Rockwell Automation by component for the following periods were (in millions): Three Months Ended December 31, 2022 Pension and other postretirement benefit plan adjustments, net of tax Accumulated currency translation adjustments, net of tax Net unrealized losses on cash flow hedges, net of tax Total accumulated other comprehensive loss, net of tax Balance as of September 30, 2022 $ (447.8) $ (465.0) $ (4.7) $ (917.5) Other comprehensive income (loss) before reclassifications — 85.9 (12.0) 73.9 Amounts reclassified from accumulated other comprehensive loss (0.5) — (9.1) (9.6) Other comprehensive (loss) income (0.5) 85.9 (21.1) 64.3 Balance as of December 31, 2022 $ (448.3) $ (379.1) $ (25.8) $ (853.2) Three Months Ended December 31, 2021 Pension and other postretirement benefit plan adjustments, net of tax Accumulated currency translation adjustments, net of tax Net unrealized (losses) gains on cash flow hedges, net of tax Total accumulated other comprehensive loss, net of tax Balance as of September 30, 2021 $ (694.1) $ (280.1) $ (42.9) $ (1,017.1) Other comprehensive (loss) income before reclassifications — (19.5) 6.0 (13.5) Amounts reclassified from accumulated other comprehensive loss 16.9 — 1.5 18.4 Other comprehensive income (loss) 16.9 (19.5) 7.5 4.9 Balance as of December 31, 2021 $ (677.2) $ (299.6) $ (35.4) $ (1,012.2) The reclassifications out of Accumulated other comprehensive loss in the Consolidated Statement of Operations were (in millions): Three Months Ended Affected Line in the Consolidated Statement of Operations 2022 2021 Pension and other postretirement benefit plan adjustments (1) Amortization of prior service credit $ — $ (0.2) Other income Amortization of net actuarial (gain) loss (0.9) 22.5 Other income (0.9) 22.3 Income before income taxes 0.4 (5.4) Income tax provision $ (0.5) $ 16.9 Net income attributable to Rockwell Automation, Inc. Net unrealized (gains) losses on cash flow hedges Forward exchange contracts $ (1.0) $ 0.2 Sales Forward exchange contracts (12.9) 0.6 Cost of sales Forward exchange contracts 0.3 0.1 Selling, general and administrative expenses Treasury locks related to 2019 and 2021 debt issuances 0.9 0.9 Interest expense (12.7) 1.8 Income before income taxes 3.6 (0.3) Income tax provision $ (9.1) $ 1.5 Net income attributable to Rockwell Automation, Inc. Total reclassifications $ (9.6) $ 18.4 Net income attributable to Rockwell Automation, Inc. (1) These components are included in the computation of net periodic benefit (credit) cost. See Note 10 for further information.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Various lawsuits, claims, and proceedings have been or may be instituted or asserted against us relating to the conduct of our business, including those pertaining to product liability, environmental, safety and health, intellectual property, employment, and contract matters. Although the outcome of litigation cannot be predicted with certainty and some lawsuits, claims, or proceedings may be disposed of unfavorably to us, we believe the disposition of matters that are pending or have been asserted will not have a material effect on our business, financial condition, or results of operations. The following outlines additional background for obligations associated with asbestos, divested businesses, and intellectual property. We (including our subsidiaries) have been named as a defendant in lawsuits alleging personal injury as a result of exposure to asbestos that was used in certain components of our products many years ago, including products from divested businesses for which we have agreed to defend and indemnify claims. Currently there are lawsuits that name us as defendants, together with hundreds of other companies. But in all cases, for those claimants who do show that they worked with our products or products of divested businesses for which we are responsible, we nevertheless believe we have meritorious defenses, in substantial part due to the integrity of the products, the encapsulated nature of any asbestos-containing components, and the lack of any impairing medical condition caused by our products. We defend those cases vigorously. Historically, we have been dismissed from the vast majority of these claims with no payment to claimants. Additionally, we have maintained insurance coverage that includes indemnity and defense costs, over and above self-insured retentions, for many of these claims. We believe these arrangements will provide substantial coverage for future defense and indemnity costs for these asbestos claims for many years into the future. The uncertainties of asbestos claim litigation make it difficult to predict accurately the ultimate outcome of asbestos claims. That uncertainty is increased by the possibility of adverse rulings or new legislation affecting asbestos claim litigation or the settlement process. Subject to these uncertainties and based on our experience defending asbestos claims, we do not believe these lawsuits will have a material effect on our business, financial condition, or results of operations. We have, from time to time, divested certain of our businesses. In connection with these divestitures, certain lawsuits, claims, and proceedings may be instituted or asserted against us related to the period that we owned the businesses, either because we agreed to retain certain liabilities related to these periods or because such liabilities fall upon us by operation of law. In some instances, the divested business has assumed the liabilities; however, it is possible that we might be responsible to satisfy those liabilities if the divested business is unable to do so. We do not believe these liabilities will have a material effect on our business, financial condition, or results of operations. In many countries we provide a limited intellectual property indemnity as part of our terms and conditions of sale and at times in other contracts with third parties. As of December 31, 2022, we were not aware of any material indemnification claims that were probable or reasonably possible of an unfavorable outcome. Historically, claims that have been made under the indemnification agreements have not had a material impact on our business, financial condition, or results of operations; however, to the extent that valid indemnification claims arise in the future, future payments by us could be significant and could have a material adverse effect on our business, financial condition, or results of operations in a particular period.

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes At the end of each interim period, we estimate a base effective tax rate that we expect for the full year based on our most recent forecast of pre-tax income, permanent book and tax differences, and global tax planning strategies. We use this base rate to provide for income taxes on a year-to-date basis, excluding the effect of significant unusual items and items that are reported net of their related tax effects in the period in which they occur. The effective tax rate was 19.1 percent in the three months ended December 31, 2022, compared to 15.4 percent in the three months ended December 31, 2021. The effective tax rate was lower than the U.S. statutory rate of 21 percent in the three months ended December 31, 2022, primarily due to lower non-U.S. tax rates. The effective tax rate was lower than the U.S. statutory rate of 21 percent in the three months ended December 31, 2021, primarily due to excess income tax benefits of share-based compensation and lower non-U.S. tax rates. An income tax liability of $233.7 million related to the U.S. transition tax under the Tax Cuts and Jobs Act of 2017 (the "Tax Act") that is payable greater than 12 months after both December 31, 2022, and September 30, 2022, is recorded in Other liabilities in the Consolidated Balance Sheet. Unrecognized Tax Benefits The amount of gross unrecognized tax benefits was $3.9 million at both December 31, 2022, and September 30, 2022, of which the entire amount would reduce our effective tax rate if recognized. Accrued interest and penalties related to unrecognized tax benefits were $1.4 million at both December 31, 2022, and September 30, 2022. We recognize interest and penalties related to unrecognized tax benefits in the income tax provision. We believe it is reasonably possible that the amount of gross unrecognized tax benefits could be reduced by up to $3.4 million in the next 12 months as a result of the resolution of tax matters in various global jurisdictions and the lapses of statutes of limitations. If all of the unrecognized tax benefits were recognized, the net reduction to our income tax provision, including the recognition of interest and penalties and offsetting tax assets, could be up to $4.9 million. We conduct business globally and are routinely audited by the various tax jurisdictions in which we operate. We are no longer subject to U.S. federal income tax examinations for years before 2018, state and local income tax examinations for years before 2014 and foreign income tax examinations for years before 2008.

Business Segment Information

Business Segment Information	3 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Sales and operating results of our reportable segments were (in millions): Three Months Ended 2022 2021 Sales Intelligent Devices $ 936.2 $ 900.3 Software & Control 573.3 513.9 Lifecycle Services 471.5 443.1 Total $ 1,981.0 $ 1,857.3 Segment operating earnings Intelligent Devices $ 209.4 $ 213.0 Software & Control 167.3 117.6 Lifecycle Services 24.3 24.5 Total 401.0 355.1 Purchase accounting depreciation and amortization (26.0) (26.1) Corporate and other (27.3) (29.4) Non-operating pension and postretirement benefit credit 12.4 4.4 Change in fair value of investments 140.6 7.6 Interest expense, net (32.8) (29.1) Income before income taxes $ 467.9 $ 282.5 Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before purchase accounting depreciation and amortization, corporate and other, non-operating pension and postretirement benefit credit, change in fair value of investments, interest expense, net, and income tax provision. Depending on the product, intersegment sales within a single legal entity are either at cost or cost plus a mark-up, which does not necessarily represent a market price. Sales between legal entities are at an appropriate transfer price. We allocate costs related to shared segment operating activities to the segments consistent with the methodology used by management to assess segment performance.

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Receivables	ReceivablesWe record an allowance for doubtful accounts based on customer-specific analysis and general matters such as current assessments of past due balances and economic conditions. Receivables are recorded net of an allowance for doubtful accounts
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In October 2021, the Financial Accounting Standards Board (FASB) issued a new standard that requires companies to apply Accounting Standards Codification (ASC) 606 to recognize and measure contract assets and contract liabilities in a business combination. We retroactively adopted the new standard as of October 1, 2021. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Recently Issued Accounting Pronouncements In September 2022, the FASB issued a new standard, which requires the buyer in a supplier finance program to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. We are currently assessing the impact of this standard on our financial statement disclosures. We do not expect any other recently issued accounting pronouncements to have a material impact on our Consolidated Financial Statements and related disclosures.
Income Taxes	Income TaxesAt the end of each interim period, we estimate a base effective tax rate that we expect for the full year based on our most recent forecast of pre-tax income, permanent book and tax differences, and global tax planning strategies. We use this base rate to provide for income taxes on a year-to-date basis, excluding the effect of significant unusual items and items that are reported net of their related tax effects in the period in which they occur.

Basis of Presentation and Acc_3

Basis of Presentation and Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles basic and Diluted earnings per share (EPS) amounts (in millions, except per share amounts): Three Months Ended 2022 2021 Net income attributable to Rockwell Automation, Inc. $ 384.0 $ 241.5 Less: Allocation to participating securities (1.5) (0.7) Net income available to common shareowners $ 382.5 $ 240.8 Basic weighted average outstanding shares 114.8 116.0 Effect of dilutive securities Stock options 0.6 1.1 Performance shares 0.1 0.2 Diluted weighted average outstanding shares 115.5 117.3 Earnings per share: Basic $ 3.33 $ 2.08 Diluted $ 3.31 $ 2.05

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our revenue disaggregation by geographic region for our three operating segments (in millions). We attribute sales to the geographic regions based on the country of destination. Three Months Ended December 31, 2022 Intelligent Devices Software & Control Lifecycle Services Total North America $ 567.4 $ 384.1 $ 227.4 $ 1,178.9 Europe, Middle East and Africa 171.2 85.8 115.8 372.8 Asia Pacific 131.3 68.4 96.8 296.5 Latin America 66.3 35.0 31.5 132.8 Total Company Sales $ 936.2 $ 573.3 $ 471.5 $ 1,981.0 Three Months Ended December 31, 2021 Intelligent Devices Software & Control Lifecycle Services Total North America $ 558.9 $ 324.1 $ 217.7 $ 1,100.7 Europe, Middle East and Africa 157.8 88.4 108.5 354.7 Asia Pacific 123.3 73.7 81.9 278.9 Latin America 60.3 27.7 35.0 123.0 Total Company Sales $ 900.3 $ 513.9 $ 443.1 $ 1,857.3
Contract Balances	Below is a summary of our Contract liabilities balance, the portion not expected to be recognized within twelve months is included within Other liabilities in the Consolidated Balance Sheet (in millions): December 31, 2022 December 31, 2021 Balance as of beginning of year $ 541.3 $ 462.5 Balance as of end of period 602.4 487.3

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Activity	The number of shares granted to employees and non-employee directors and the weighted average fair value per share during the periods presented were (in thousands, except per share amounts): Three Months Ended December 31, 2022 2021 Grants Wtd. Avg. Grants Wtd. Avg. Stock options 233 $ 77.62 164 $ 87.68 Performance shares 66 340.77 37 481.28 Restricted stock and restricted stock units 211 259.67 139 348.32 Unrestricted stock 6 259.81 3 350.76

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of (in millions): December 31, 2022 September 30, 2022 Finished goods $ 385.5 $ 325.0 Work in process 372.7 317.3 Raw materials 512.3 411.9 Inventories $ 1,270.5 $ 1,054.2

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The preliminary aggregate purchase price allocation is as follows (in millions): Purchase Price Allocation Receivables $ 21.3 Inventories 17.7 Property 27.0 Goodwill 64.5 Other intangible assets 36.4 All other assets 1.5 Total assets acquired 168.4 Less: Total liabilities assumed (34.6) Net assets acquired, excluding cash $ 133.8 Purchase Consideration Total purchase consideration, net of cash acquired $ 133.8

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of Goodwill for the three months ended December 31, 2022, were (in millions): Intelligent Devices Software & Control Lifecycle Services Total Balance as of September 30, 2022 $ 503.0 $ 2,398.7 $ 622.3 $ 3,524.0 Acquisition of business 64.5 — — 64.5 Translation 19.1 22.4 10.6 52.1 Balance as of December 31, 2022 $ 586.6 $ 2,421.1 $ 632.9 $ 3,640.6
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class	Other intangible assets consist of (in millions): December 31, 2022 Carrying Accumulated Net Amortized intangible assets Software products $ 98.6 $ 60.2 $ 38.4 Customer relationships 598.8 115.9 482.9 Technology 422.8 133.2 289.6 Trademarks 84.7 22.0 62.7 Other 7.6 6.8 0.8 Total amortized intangible assets 1,212.5 338.1 874.4 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,256.2 $ 338.1 $ 918.1 September 30, 2022 Carrying Accumulated Net Amortized intangible assets Software products $ 97.6 $ 57.9 $ 39.7 Customer relationships 582.7 107.2 475.5 Technology 410.8 119.3 291.5 Trademarks 70.4 19.4 51.0 Other 6.4 5.8 0.6 Total amortized intangible assets 1,167.9 309.6 858.3 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,211.6 $ 309.6 $ 902.0

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	3 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The following table presents the carrying amounts and estimated fair values of Long-term debt in the Consolidated Balance Sheet (in millions): December 31, 2022 September 30, 2022 Carrying Value Fair Value Carrying Value Fair Value Current portion of long-term debt $ 608.5 $ 592.6 $ 609.1 $ 589.1 Long-term debt 2,866.9 2,503.6 2,867.8 2,485.4

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other current liabilities consist of (in millions): December 31, 2022 September 30, 2022 Unrealized losses on foreign exchange contracts $ 16.1 $ 31.2 Product warranty obligations 15.9 16.5 Taxes other than income taxes 44.6 65.6 Accrued interest 38.2 18.1 Income taxes payable 111.8 81.1 Operating lease liabilities 87.2 83.3 Other 94.1 107.2 Other current liabilities $ 407.9 $ 403.0

Investments (Tables)

Investments (Tables)	3 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Our investments consist of (in millions): December 31, 2022 September 30, 2022 Fixed income securities $ 12.4 $ 12.6 Equity securities (level 1) 925.0 928.8 Equity securities (other) 76.4 76.4 Other 56.2 50.8 Total investments 1,070.0 1,068.6 Less: Short-term investments (1) (12.4) (12.6) Long-term investments $ 1,057.6 $ 1,056.0 (1) Short-term investments are included in Other current assets in the Consolidated Balance Sheet.
Gain (Loss) on Securities	We record gains and losses on investments within the Change in fair value of investments line in the Consolidated Statement of Operations. The gains and losses on investments we recorded for the following periods were (in millions): Three Months Ended 2022 2021 Net gain on equity securities (level 1) $ 141.0 $ 14.4 Equity method loss on Other investments (0.4) (6.8) Change in fair value of investments 140.6 7.6 Total net unrealized gain on equity securities $ 107.1 $ 14.4

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension and postretirement benefit (credit) cost were (in millions): Pension Benefits Three Months Ended 2022 2021 Service cost $ 10.6 $ 20.4 Interest cost 39.2 32.4 Expected return on plan assets (51.3) (59.4) Amortization of net actuarial (gain) loss (1.0) 22.3 Net periodic pension benefit (credit) cost $ (2.5) $ 15.7 Other Postretirement Benefits Three Months Ended 2022 2021 Service cost $ 0.1 $ 0.2 Interest cost 0.6 0.3 Amortization of prior service credit — (0.2) Amortization of net actuarial loss 0.1 0.2 Net periodic postretirement benefit cost $ 0.8 $ 0.5

Other Income (Tables)

Other Income (Tables)	3 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Components of Other Income Expense	The components of Other income were (in millions): Three Months Ended 2022 2021 Interest income $ 1.3 $ 0.5 Royalty income 2.5 2.7 Legacy product liability and environmental charges (2.8) (3.2) Non-operating pension and postretirement benefit credit 12.4 4.4 Other 3.9 (1.5) Other income $ 17.3 $ 2.9

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in Accumulated other comprehensive loss attributable to Rockwell Automation by component for the following periods were (in millions): Three Months Ended December 31, 2022 Pension and other postretirement benefit plan adjustments, net of tax Accumulated currency translation adjustments, net of tax Net unrealized losses on cash flow hedges, net of tax Total accumulated other comprehensive loss, net of tax Balance as of September 30, 2022 $ (447.8) $ (465.0) $ (4.7) $ (917.5) Other comprehensive income (loss) before reclassifications — 85.9 (12.0) 73.9 Amounts reclassified from accumulated other comprehensive loss (0.5) — (9.1) (9.6) Other comprehensive (loss) income (0.5) 85.9 (21.1) 64.3 Balance as of December 31, 2022 $ (448.3) $ (379.1) $ (25.8) $ (853.2) Three Months Ended December 31, 2021 Pension and other postretirement benefit plan adjustments, net of tax Accumulated currency translation adjustments, net of tax Net unrealized (losses) gains on cash flow hedges, net of tax Total accumulated other comprehensive loss, net of tax Balance as of September 30, 2021 $ (694.1) $ (280.1) $ (42.9) $ (1,017.1) Other comprehensive (loss) income before reclassifications — (19.5) 6.0 (13.5) Amounts reclassified from accumulated other comprehensive loss 16.9 — 1.5 18.4 Other comprehensive income (loss) 16.9 (19.5) 7.5 4.9 Balance as of December 31, 2021 $ (677.2) $ (299.6) $ (35.4) $ (1,012.2)
Reclassification out of Accumulated Other Comprehensive Income	The reclassifications out of Accumulated other comprehensive loss in the Consolidated Statement of Operations were (in millions): Three Months Ended Affected Line in the Consolidated Statement of Operations 2022 2021 Pension and other postretirement benefit plan adjustments (1) Amortization of prior service credit $ — $ (0.2) Other income Amortization of net actuarial (gain) loss (0.9) 22.5 Other income (0.9) 22.3 Income before income taxes 0.4 (5.4) Income tax provision $ (0.5) $ 16.9 Net income attributable to Rockwell Automation, Inc. Net unrealized (gains) losses on cash flow hedges Forward exchange contracts $ (1.0) $ 0.2 Sales Forward exchange contracts (12.9) 0.6 Cost of sales Forward exchange contracts 0.3 0.1 Selling, general and administrative expenses Treasury locks related to 2019 and 2021 debt issuances 0.9 0.9 Interest expense (12.7) 1.8 Income before income taxes 3.6 (0.3) Income tax provision $ (9.1) $ 1.5 Net income attributable to Rockwell Automation, Inc. Total reclassifications $ (9.6) $ 18.4 Net income attributable to Rockwell Automation, Inc. (1) These components are included in the computation of net periodic benefit (credit) cost. See Note 10 for further information.

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Sales and operating results of our reportable segments were (in millions): Three Months Ended 2022 2021 Sales Intelligent Devices $ 936.2 $ 900.3 Software & Control 573.3 513.9 Lifecycle Services 471.5 443.1 Total $ 1,981.0 $ 1,857.3 Segment operating earnings Intelligent Devices $ 209.4 $ 213.0 Software & Control 167.3 117.6 Lifecycle Services 24.3 24.5 Total 401.0 355.1 Purchase accounting depreciation and amortization (26.0) (26.1) Corporate and other (27.3) (29.4) Non-operating pension and postretirement benefit credit 12.4 4.4 Change in fair value of investments 140.6 7.6 Interest expense, net (32.8) (29.1) Income before income taxes $ 467.9 $ 282.5

Basis of Presentation and Acc_4

Basis of Presentation and Accounting Policies - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 15.7		$ 13.1
Allowance for certain customer returns, rebates and incentives	$ 16.3		$ 13.9
Antidilutive share-based compensation awards (in shares)	0.6	0.3
Capital expenditures in accounts payable or other current liabilities at period end	$ 32.9	$ 27.3
Outstanding purchase of common stock recorded in accounts payable	$ 0.8	$ 1.4

Basis of Presentation and Acc_5

Basis of Presentation and Accounting Policies - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciled Basic and Diluted EPS
Net income attributable to Rockwell Automation, Inc.	$ 384	$ 241.5
Less: Allocation to participating securities	(1.5)	(0.7)
Net income available to common shareowners	$ 382.5	$ 240.8
Basic weighted average outstanding shares (in shares)	114.8	116
Effect of dilutive securities
Stock options (in shares)	0.6	1.1
Performance shares (in shares)	0.1	0.2
Diluted weighted average outstanding shares (in shares)	115.5	117.3
Earnings per share:
Basic (in usd per share)	$ 3.33	$ 2.08
Diluted (in usd per share)	$ 3.31	$ 2.05

Revenue Recognition - Performan

Revenue Recognition - Performance Obligation (Details) $ in Millions	Dec. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue to be recognized in future periods	$ 1,260
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Revenue to be recognized in future periods	$ 625
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized in future periods, expected timing of satisfaction, period	12 months

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Number of operating segments | segment	3
Contract with customer, liability, revenue recognized	$ 200.9	$ 141.6
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 0	$ 0

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue by Operating Segment and by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Sales	$ 1,981	$ 1,857.3
North America
Disaggregation of Revenue [Line Items]
Sales	1,178.9	1,100.7
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	372.8	354.7
Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	296.5	278.9
Latin America
Disaggregation of Revenue [Line Items]
Sales	132.8	123
Intelligent Devices
Disaggregation of Revenue [Line Items]
Sales	936.2	900.3
Intelligent Devices | North America
Disaggregation of Revenue [Line Items]
Sales	567.4	558.9
Intelligent Devices | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	171.2	157.8
Intelligent Devices | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	131.3	123.3
Intelligent Devices | Latin America
Disaggregation of Revenue [Line Items]
Sales	66.3	60.3
Software & Control
Disaggregation of Revenue [Line Items]
Sales	573.3	513.9
Software & Control | North America
Disaggregation of Revenue [Line Items]
Sales	384.1	324.1
Software & Control | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	85.8	88.4
Software & Control | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	68.4	73.7
Software & Control | Latin America
Disaggregation of Revenue [Line Items]
Sales	35	27.7
Lifecycle Services
Disaggregation of Revenue [Line Items]
Sales	471.5	443.1
Lifecycle Services | North America
Disaggregation of Revenue [Line Items]
Sales	227.4	217.7
Lifecycle Services | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	115.8	108.5
Lifecycle Services | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	96.8	81.9
Lifecycle Services | Latin America
Disaggregation of Revenue [Line Items]
Sales	$ 31.5	$ 35

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Contract With Customer, Liability [Roll Forward]
Balance as of beginning of year	$ 541.3	$ 487.3	$ 462.5
Balance as of end of period	$ 602.4	$ 541.3	$ 487.3

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation (Textual) [Abstract]
Pre-tax share-based compensation expense	$ 18.4	$ 15.5
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	233	164
Wtd. Avg. Share Fair Value (usd per share)	$ 77.62	$ 87.68
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	66	37
Wtd. Avg. Share Fair Value (usd per share)	$ 340.77	$ 481.28
Restricted stock and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	211	139
Wtd. Avg. Share Fair Value (usd per share)	$ 259.67	$ 348.32
Unrestricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	6	3
Wtd. Avg. Share Fair Value (usd per share)	$ 259.81	$ 350.76

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Inventories
Finished goods	$ 385.5	$ 325
Work in process	372.7	317.3
Raw materials	512.3	411.9
Inventories	$ 1,270.5	$ 1,054.2

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed - CUBIC (Details) - USD ($) $ in Millions	Oct. 31, 2022	Dec. 31, 2022	Sep. 30, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 3,640.6	$ 3,524
CUBIC
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Receivables	$ 21.3
Inventories	17.7
Property	27
Goodwill	64.5
Other intangible assets	36.4
All other assets	1.5
Total assets acquired	168.4
Less: Total liabilities assumed	(34.6)
Net assets acquired, excluding cash	133.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Total purchase consideration, net of cash acquired	$ 133.8

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Sales	$ 0	$ 0
Pro forma revenue	$ 2,000	$ 1,900

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill
Balance at beginning of period	$ 3,524
Acquisition of business	64.5
Translation	52.1
Balance at end of period	3,640.6
Intelligent Devices
Goodwill
Balance at beginning of period	503
Acquisition of business	64.5
Translation	19.1
Balance at end of period	586.6
Software & Control
Goodwill
Balance at beginning of period	2,398.7
Acquisition of business	0
Translation	22.4
Balance at end of period	2,421.1
Lifecycle Services
Goodwill
Balance at beginning of period	622.3
Acquisition of business	0
Translation	10.6
Balance at end of period	$ 632.9

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Other intangible assets
Amortized intangible assets, carrying amount	$ 1,212.5	$ 1,167.9
Amortized intangible assets, accumulated amortization	338.1	309.6
Amortized intangible assets, net	874.4	858.3
Total, carrying amount	1,256.2	1,211.6
Total, net	918.1	902
Goodwill and Other Intangible Assets (Textual) [Abstract]
Estimated amortization expense in 2022	112.9
Estimated amortization expense in 2023	110.1
Estimated amortization expense in 2024	106.8
Estimated amortization expense in 2025	105.7
Estimated amortization expense in 2026	98.8
Trademarks
Other intangible assets
Allen-Bradley trademark not subject to amortization	43.7	43.7
Software products
Other intangible assets
Amortized intangible assets, carrying amount	98.6	97.6
Amortized intangible assets, accumulated amortization	60.2	57.9
Amortized intangible assets, net	38.4	39.7
Customer relationships
Other intangible assets
Amortized intangible assets, carrying amount	598.8	582.7
Amortized intangible assets, accumulated amortization	115.9	107.2
Amortized intangible assets, net	482.9	475.5
Technology
Other intangible assets
Amortized intangible assets, carrying amount	422.8	410.8
Amortized intangible assets, accumulated amortization	133.2	119.3
Amortized intangible assets, net	289.6	291.5
Trademarks
Other intangible assets
Amortized intangible assets, carrying amount	84.7	70.4
Amortized intangible assets, accumulated amortization	22	19.4
Amortized intangible assets, net	62.7	51
Other
Other intangible assets
Amortized intangible assets, carrying amount	7.6	6.4
Amortized intangible assets, accumulated amortization	6.8	5.8
Amortized intangible assets, net	$ 0.8	$ 0.6

Short-Term and Long-Term Debt -

Short-Term and Long-Term Debt - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Short-term debt	$ 548.2	$ 359.3
Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 462	$ 317
Debt, weighted average interest rate	4.40%	3.03%
Debt instrument, term	22 days	22 days
Interest Bearing Loan
Debt Instrument [Line Items]
Short-term debt	$ 23.5	$ 42.3
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 75
Stated interest rate	5.35%
Unsecured line of credit, amount borrowed	$ 50

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ 608.5	$ 609.1
Reported Value Measurement
Debt Instrument [Line Items]
Current portion of long-term debt	608.5	609.1
Long-term Debt	2,866.9	2,867.8
Estimate of Fair Value Measurement
Debt Instrument [Line Items]
Current portion of long-term debt	592.6	589.1
Estimate of Fair Value Measurement | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term Debt	$ 2,503.6	$ 2,485.4

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Other current liabilities
Unrealized losses on foreign exchange contracts	$ 16.1	$ 31.2
Product warranty obligations	15.9	16.5
Taxes other than income taxes	44.6	65.6
Accrued interest	38.2	18.1
Income taxes payable	111.8	81.1
Operating lease liabilities	87.2	83.3
Other	94.1	107.2
Other current liabilities	$ 407.9	$ 403

Investments - Summary of Invest

Investments - Summary of Investments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Fixed income securities	$ 12.4	$ 12.6
Equity securities	925	928.8
Equity securities (other)	76.4	76.4
Other	56.2	50.8
Total investments	1,070	1,068.6
Less: Short-term Investments	(12.4)	(12.6)
Long-term investments	$ 1,057.6	$ 1,056

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Equity securities without readily determinable fair value, upward price adjustment, cumulative amount	$ 17.2	$ 17.2
PTC
Subsidiary, Sale of Stock [Line Items]
Number of shares purchased (in shares)	7,705,717	8,879,717

Investments - Gains and Losses

Investments - Gains and Losses on Investments within Change in Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Net gain on equity securities (level 1)	$ 141	$ 14.4
Equity method loss on Other investments	(0.4)	(6.8)
Change in fair value of investments	140.6	7.6
Change in fair value of investments	$ 107.1	$ 14.4

Retirement Benefits - Component

Retirement Benefits - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Components of net periodic benefit cost (income)
Service cost	$ 10.6	$ 20.4
Interest cost	39.2	32.4
Expected return on plan assets	(51.3)	(59.4)
Amortization [Abstract]
Amortization of net actuarial (gain) loss	(1)	22.3
Net periodic postretirement benefit cost	(2.5)	15.7
Other Postretirement Benefits
Components of net periodic benefit cost (income)
Service cost	0.1	0.2
Interest cost	0.6	0.3
Amortization [Abstract]
Amortization of net actuarial (gain) loss	0.1	0.2
Amortization of prior service credit	0	(0.2)
Net periodic postretirement benefit cost	$ 0.8	$ 0.5

Other Income (Details)

Other Income (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Interest income	$ 1.3	$ 0.5
Royalty income	2.5	2.7
Legacy product liability and environmental charges	(2.8)	(3.2)
Non-operating pension and postretirement benefit credit	12.4	4.4
Other	3.9	(1.5)
Other income	$ 17.3	$ 2.9

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,016.7	$ 2,694.1
Other comprehensive income	64.3	4.9
Balance at end of period	3,200.6	2,806.8
Total accumulated other comprehensive loss, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(917.5)	(1,017.1)
Other comprehensive income (loss) before reclassifications	73.9	(13.5)
Amounts reclassified from accumulated other comprehensive loss	(9.6)	18.4
Other comprehensive income	64.3	4.9
Balance at end of period	(853.2)	(1,012.2)
Pension and other postretirement benefit plan adjustments, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(447.8)	(694.1)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	(0.5)	16.9
Other comprehensive income	(0.5)	16.9
Balance at end of period	(448.3)	(677.2)
Accumulated currency translation adjustments, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(465)	(280.1)
Other comprehensive income (loss) before reclassifications	85.9	(19.5)
Amounts reclassified from accumulated other comprehensive loss	0	0
Other comprehensive income	85.9	(19.5)
Balance at end of period	(379.1)	(299.6)
Net unrealized losses on cash flow hedges, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(4.7)	(42.9)
Other comprehensive income (loss) before reclassifications	(12)	6
Amounts reclassified from accumulated other comprehensive loss	(9.1)	1.5
Other comprehensive income	(21.1)	7.5
Balance at end of period	$ (25.8)	$ (35.4)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications out of Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income	$ 17.3	$ 2.9
Sales	1,981	1,857.3
Cost of sales	(1,167.4)	(1,108.2)
Selling, general and administrative expenses	(469.5)	(447.5)
Interest expense	(34.1)	(29.6)
Income before income taxes	467.9	282.5
Income tax provision	(89.2)	(43.6)
Net income attributable to Rockwell Automation, Inc.	384	241.5
Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income attributable to Rockwell Automation, Inc.	(9.6)	18.4
Pension and other postretirement benefit plan adjustments | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(0.9)	22.3
Income tax provision	0.4	(5.4)
Net income attributable to Rockwell Automation, Inc.	(0.5)	16.9
Amortization of prior service credit | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income	0	(0.2)
Amortization of net actuarial (gain) loss | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income	(0.9)	22.5
Net unrealized losses on cash flow hedges, net of tax | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(12.7)	1.8
Income tax provision	3.6	(0.3)
Net income attributable to Rockwell Automation, Inc.	(9.1)	1.5
Net unrealized losses on cash flow hedges, net of tax | Forward exchange contracts | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales	(1)	0.2
Cost of sales	(12.9)	0.6
Selling, general and administrative expenses	0.3	0.1
Net unrealized losses on cash flow hedges, net of tax | Treasury locks related to 2019 and 2021 debt issuances | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 0.9	$ 0.9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	19.10%	15.40%
U.S. statutory rate	21%
Income tax liabilities	$ 233.7
Gross unrecognized tax benefits	3.9		$ 3.9
Accrued interest and penalties related to unrecognized tax benefits	1.4		$ 1.4
Reasonably possible amount of reduction in gross unrecognized tax benefits for the next twelve months	3.4
Reasonably possible amount of net reduction to income tax provision if unrecognized tax benefits were recognized	$ 4.9

Business Segment Information -

Business Segment Information - Sales and Operating Results (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Sales and operating results of reportable segments
Sales	$ 1,981	$ 1,857.3
Purchase accounting depreciation and amortization	(26)	(26.1)
Corporate and other	(27.3)	(29.4)
Non-operating pension and postretirement benefit credit	12.4	4.4
Change in fair value of investments	140.6	7.6
Interest expense, net	(32.8)	(29.1)
Income before income taxes	467.9	282.5
Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	401	355.1
Intelligent Devices
Sales and operating results of reportable segments
Sales	936.2	900.3
Intelligent Devices | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	209.4	213
Software & Control
Sales and operating results of reportable segments
Sales	573.3	513.9
Software & Control | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	167.3	117.6
Lifecycle Services
Sales and operating results of reportable segments
Sales	471.5	443.1
Lifecycle Services | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	$ 24.3	$ 24.5