Rockwell Automation (ROK) 10-Q 1 Aug 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page	9 Months Ended
	Jun. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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
Country Region	1
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)	114,860,091
Entity Central Index Key	0001024478
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Current assets
Cash and cash equivalents	$ 443.5	$ 490.7
Receivables	2,245	1,736.7
Inventories	1,435.2	1,054.2
Other current assets	277.4	329.1
Total current assets	4,401.1	3,610.7
Property, net of accumulated depreciation of $1,798.6 and $1,702.3, respectively	654.1	586.5
Operating lease right-of-use assets	318.1	321
Goodwill	3,700.9	3,524
Other intangible assets, net	883.1	902
Deferred income taxes	360.9	384.3
Long-term investments	1,002	1,056
Other assets	423.1	374.2
Total	11,743.3	10,758.7
Current liabilities
Short-term debt	278.5	359.3
Current portion of long-term debt	608.3	609.1
Accounts payable	1,009.1	1,028
Compensation and benefits	365.6	292.7
Contract liabilities	621.2	507
Customer returns, rebates and incentives	462.3	373.1
Other current liabilities	577.1	403
Total current liabilities	3,922.1	3,572.2
Long-term debt	2,866.9	2,867.8
Retirement benefits	517.2	471.2
Operating lease liabilities	256.6	263.5
Other liabilities	558.3	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	2,078.2	2,007.1
Retained earnings	8,952.2	8,411.8
Accumulated other comprehensive loss	(725.5)	(917.5)
Common stock in treasury, at cost (shares held: 66.5 and 66.2, respectively)	(7,143.1)	(6,957.2)
Shareowners’ equity attributable to Rockwell Automation, Inc.	3,343.2	2,725.6
Noncontrolling interests	279	291.1
Total shareowners’ equity	3,622.2	3,016.7
Total	$ 11,743.3	$ 10,758.7

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 1,798.6	$ 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)	66.5	66.2

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Sales
Sales	$ 2,238.7	$ 1,968.7	$ 6,495.1	$ 5,634.1
Cost of sales
Cost of sales	(1,323.3)	(1,166.3)	(3,833.6)	(3,418.5)
Gross profit	915.4	802.4	2,661.5	2,215.6
Selling, general and administrative expenses	(501.4)	(442)	(1,472.1)	(1,318)
Change in fair value of investments	85.7	(5.2)	289.3	(138.3)
Other income (expense)	6.5	19.8	(83.3)	(1)
Interest expense	(34.4)	(30.8)	(104.3)	(90.5)
Income before income taxes	471.8	344.2	1,291.1	667.8
Income tax provision (Note 14)	(73.1)	(49.4)	(218.8)	(84.7)
Net income (loss)	398.7	294.8	1,072.3	583.1
Net loss attributable to noncontrolling interests	(1.5)	(3.1)	(12.2)	(10.2)
Net income attributable to Rockwell Automation, Inc.	$ 400.2	$ 297.9	$ 1,084.5	$ 593.3
Earnings per share:
Basic (in usd per share)	$ 3.47	$ 2.56	$ 9.41	$ 5.10
Diluted (in usd per share)	$ 3.45	$ 2.55	$ 9.34	$ 5.06
Weighted average outstanding shares:
Basic (in shares)	114.8	116	114.8	116.1
Diluted (in shares)	115.6	116.5	115.6	116.9
Products and solutions
Sales
Sales	$ 2,031.8	$ 1,768.4	$ 5,891.4	$ 5,063.6
Cost of sales
Cost of sales	(1,189.9)	(1,042.7)	(3,440.9)	(3,061.8)
Services
Sales
Sales	206.9	200.3	603.7	570.5
Cost of sales
Cost of sales	$ (133.4)	$ (123.6)	$ (392.7)	$ (356.7)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 398.7	$ 294.8	$ 1,072.3	$ 583.1
Other comprehensive income (loss)
Pension and other postretirement benefit plan adjustments (net of tax (expense) benefit of $(12.8), $22.3, $(22.6), and $(49.6))	41.3	(72.9)	72	131.4
Currency translation adjustments	35.5	(62)	146.6	(91.3)
Net change in cash flow hedges (net of tax benefit (expense) of $2.1, $(4.0), $10.6, and $(7.2))	(5.7)	10.3	(26.5)	19.6
Other comprehensive income (loss)	71.1	(124.6)	192.1	59.7
Comprehensive income	469.8	170.2	1,264.4	642.8
Comprehensive loss attributable to noncontrolling interests	(1)	(3.3)	(12.1)	(10.1)
Comprehensive income attributable to Rockwell Automation, Inc.	$ 470.8	$ 173.5	$ 1,276.5	$ 652.9

Consolidated Statement of Com_2

Consolidated Statement of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Pension and other postretirement benefit plan adjustments tax (expense) benefit	$ (12.8)	$ 22.3	$ (22.6)	$ (49.6)
Net change in unrealized gains and losses on cash flow hedges tax (expense) benefit	$ 2.1	$ (4)	$ 10.6	$ (7.2)

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net income	$ 1,072.3	$ 583.1
Adjustments to arrive at cash provided by operating activities
Depreciation	95.2	93.6
Amortization of intangible assets	86.8	84.6
Change in fair value of investments	(289.3)	138.3
Share-based compensation expense	65	48.8
Retirement benefit expense	118.5	61.7
Net loss on disposition of property	0.8	0.4
Pension contributions	(18.5)	(23.1)
Changes in assets and liabilities, excluding effects of acquisitions and foreign currency adjustments
Receivables	(415.2)	(326.1)
Inventories	(309.9)	(206.2)
Accounts payable	(74.6)	118.5
Contract liabilities	119.8	96.8
Compensation and benefits	74.9	(114.9)
Income taxes	(49.2)	(202.6)
Other assets and liabilities	58.5	70.8
Cash provided by operating activities	535.1	423.7
Investing activities:
Capital expenditures	(97.3)	(100.3)
Acquisition of businesses, net of cash acquired	(168)	(16.5)
Purchases of investments	(5.2)	(48.5)
Proceeds from sale of investments	355.2	66
Other investing activities	3.9	0.1
Cash provided by (used for) investing activities	88.6	(99.2)
Financing activities:
Net (repayment) issuance of short-term debt	(74.1)	301.8
Repayment of short-term debt	(18.8)	(210)
Cash dividends	(406.9)	(390.4)
Purchases of treasury stock	(257.1)	(218.5)
Proceeds from the exercise of stock options	75.4	46.1
Other financing activities	(27.7)	(7.5)
Cash used for financing activities	(709.2)	(478.5)
Effect of exchange rate changes on cash	29.7	(25.3)
Decrease in cash, cash equivalents, and restricted cash	(55.8)	(179.3)
Cash, cash equivalents, and restricted cash at beginning of period	507.9	679.4
Cash, cash equivalents, and restricted cash at end of period	452.1	500.1
Components of cash, cash equivalents, and restricted cash
Cash and cash equivalents	443.5	482.9
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	$ 452.1	$ 500.1

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)		583.1	593.3
Other comprehensive income		59.7	59.6				59.6		0.1
Common stock issued (including share-based compensation impact)		95.1	95.1		52.3			42.8
Share repurchases		(225.5)	(225.5)					(225.5)
Cash dividends declared	[1]	(520.9)	(520.9)			(520.9)
Balance at end of period at Jun. 30, 2022		2,685.6	2,391.2	181.4	1,985.9	8,072.8	(957.5)	(6,891.4)	294.4
Balance at beginning of period at Mar. 31, 2022		2,929.9	2,632.2	181.4	1,967.3	8,035.1	(833.1)	(6,718.5)	297.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		294.8	297.9			297.9			(3.1)
Other comprehensive income		(124.6)	(124.4)				(124.4)		(0.2)
Common stock issued (including share-based compensation impact)		21.8	21.8		18.6			3.2
Share repurchases		(176.1)	(176.1)					(176.1)
Cash dividends declared	[2]	(260.2)	(260.2)			(260.2)
Balance at end of period at Jun. 30, 2022		2,685.6	2,391.2	181.4	1,985.9	8,072.8	(957.5)	(6,891.4)	294.4
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)		1,072.3	1,084.5
Other comprehensive income		192.1	192				192		0.1
Common stock issued (including share-based compensation impact)		142	142		71.1			70.9
Share repurchases		(256.8)	(256.8)					(256.8)
Cash dividends declared	[1]	(544.1)	(544.1)			(544.1)
Balance at end of period at Jun. 30, 2023		3,622.2	3,343.2	181.4	2,078.2	8,952.2	(725.5)	(7,143.1)	279
Balance at beginning of period at Mar. 31, 2023		3,435.5	3,155.5	181.4	2,049	8,824.2	(796.1)	(7,103)	280
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		398.7	400.2			400.2
Other comprehensive income		71.1	70.6				70.6		0.5
Common stock issued (including share-based compensation impact)		51.4	51.4		29.2			22.2
Share repurchases		(62.3)	(62.3)					(62.3)
Cash dividends declared	[2]	(272.2)	(272.2)			(272.2)
Balance at end of period at Jun. 30, 2023		$ 3,622.2	$ 3,343.2	$ 181.4	$ 2,078.2	$ 8,952.2	$ (725.5)	$ (7,143.1)	$ 279
[1]Cash dividends were $4.72 per share and $4.48 per share in the nine months ended June 30, 2023 and 2022, respectively. (1) Cash dividends were $2.36 per share and $2.24 per share in the three months ended June 30, 2023 and 2022, respectively.

Consolidated Statement of Sha_2

Consolidated Statement of Shareowners' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends per share (in usd per share)	$ 2.36	$ 2.24	$ 4.72	$ 4.48

Basis of Presentation and Accou

Basis of Presentation and Accounting Policies	9 Months Ended
	Jun. 30, 2023
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 and nine months ended June 30, 2023, 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 $17.4 million at June 30, 2023, 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 $14.6 million at June 30, 2023, and $13.9 million at September 30, 2022. The changes to our allowance for doubtful accounts during the three and nine months ended June 30, 2023 and 2022, 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 Nine Months Ended 2023 2022 2023 2022 Net income attributable to Rockwell Automation, Inc. $ 400.2 $ 297.9 $ 1,084.5 $ 593.3 Less: Allocation to participating securities (1.7) (1.0) (4.6) (1.9) Net income available to common shareowners $ 398.5 $ 296.9 $ 1,079.9 $ 591.4 Basic weighted average outstanding shares 114.8 116.0 114.8 116.1 Effect of dilutive securities Stock options 0.7 0.5 0.7 0.8 Performance shares 0.1 — 0.1 — Diluted weighted average outstanding shares 115.6 116.5 115.6 116.9 Earnings per share: Basic $ 3.47 $ 2.56 $ 9.41 $ 5.10 Diluted $ 3.45 $ 2.55 $ 9.34 $ 5.06 For the three and nine months ended June 30, 2023, there were 0.4 million and 0.5 million shares, respectively, related to share-based compensation awards that were excluded from the diluted EPS calculation because they were antidilutive. For the three and nine months ended June 30, 2022, there were 0.6 million and 0.4 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 $42.5 million and $15.5 million were accrued within Accounts payable and Other current liabilities at June 30, 2023 and 2022, respectively. At June 30, 2023 and 2022, respectively, there were $0.8 million and $8.8 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 will expand our disclosures when we adopt this standard in the first quarter of 2024. 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	9 Months Ended
	Jun. 30, 2023
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 June 30, 2023, we expect to recognize approximately $1,126 million of revenue in future periods from unfulfilled performance obligations from existing contracts with customers. We expect to recognize revenue of approximately $716 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 June 30, 2023. Disaggregation of Revenue The following tables present 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 June 30, 2023 Three Months Ended June 30, 2022 Intelligent Devices Software & Control Lifecycle Services Total Intelligent Devices Software & Control Lifecycle Services Total North America $ 548.5 $ 460.9 $ 251.5 $ 1,260.9 $ 549.6 $ 437.8 $ 252.5 $ 1,239.9 Europe, Middle East and Africa 220.4 137.3 136.7 494.4 162.5 72.3 117.8 352.6 Asia Pacific 133.7 113.6 96.2 343.5 106.4 61.3 79.1 246.8 Latin America 65.5 38.8 35.6 139.9 59.8 35.5 34.1 129.4 Total Company Sales $ 968.1 $ 750.6 $ 520.0 $ 2,238.7 $ 878.3 $ 606.9 $ 483.5 $ 1,968.7 Nine Months Ended June 30, 2023 Nine Months Ended June 30, 2022 Intelligent Devices Software & Control Lifecycle Services Total Intelligent Devices Software & Control Lifecycle Services Total North America $ 1,714.6 $ 1,297.0 $ 738.8 $ 3,750.4 $ 1,604.4 $ 1,104.9 $ 702.9 $ 3,412.2 Europe, Middle East and Africa 608.2 371.7 373.8 1,353.7 467.7 246.1 342.4 1,056.2 Asia Pacific 401.7 281.6 290.9 974.2 334.3 213.1 244.5 791.9 Latin America 203.0 114.7 99.1 416.8 180.8 91.6 101.4 373.8 Total Company Sales $ 2,927.5 $ 2,065.0 $ 1,502.6 $ 6,495.1 $ 2,587.2 $ 1,655.7 $ 1,391.2 $ 5,634.1 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): June 30, 2023 June 30, 2022 Balance as of beginning of year $ 541.3 $ 462.5 Balance as of end of period 672.5 549.5 The most significant changes in our Contract liabilities balance during both the nine months ended June 30, 2023 and 2022, were due to amounts billed, partially offset by revenue recognized on amounts billed during the period and revenue recognized that was included in the Contract liabilities balance at the beginning of the period. In the nine months ended June 30, 2023, we recognized revenue of approximately $362.7 million that was included in the Contract liabilities balance at September 30, 2022. In the nine months ended June 30, 2022, we recognized revenue of approximately $296.8 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 nine months ended June 30, 2023 and 2022, from performance obligations satisfied or partially satisfied in previous periods.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation We recognized $23.4 million and $65.0 million of pre-tax share-based compensation expense during the three and nine months ended June 30, 2023, respectively. We recognized $17.6 million and $48.8 million of pre-tax share-based compensation expense during the three and nine months ended June 30, 2022, respectively. Our annual grant of share-based compensation takes place during 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): Nine Months Ended June 30, 2023 2022 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 236 262.24 214 307.31 Unrestricted stock 7 261.72 3 345.00

Inventories

Inventories	9 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of (in millions): June 30, 2023 September 30, 2022 Finished goods $ 507.5 $ 325.0 Work in process 373.8 317.3 Raw materials 553.9 411.9 Inventories $ 1,435.2 $ 1,054.2

Acquisitions

Acquisitions	9 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2023 Acquisitions 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 $ 20.2 Inventories 17.7 Property 27.5 Goodwill 66.3 Other intangible assets 36.4 All other assets 9.2 Total assets acquired 177.3 Less: Total liabilities assumed (43.5) 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. In February 2023, we acquired Knowledge Lens, a services and solutions provider headquartered in Bengaluru, India. We recorded assets acquired and liabilities assumed in connection with this acquisition based on their estimated fair values as of the acquisition date of February 28, 2023. The preliminary aggregate purchase price allocation is as follows (in millions): Purchase Price Allocation Receivables $ 3.6 Goodwill 35.2 Other intangible assets 17.7 All other assets 3.5 Total assets acquired 60.0 Less: Total liabilities assumed (8.0) Net assets acquired, excluding cash $ 52.0 Purchase Consideration Total purchase consideration, net of cash acquired $ 52.0 We assigned the full amount of goodwill and all other net assets acquired related to this acquisition to our Lifecycle Services 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 and nine months ended June 30, 2023, were $2.2 billion and $6.5 billion, respectively, and the impact on earnings was not material. Pro forma consolidated sales for the three and nine months ended June 30, 2022, were $2.0 billion and $5.7 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 from all of the above 2023 acquisitions in the three and nine months ended June 30, 2023, were $23.8 million and $59.4 million, respectively. Total sales from all of the above 2022 acquisitions in the three and nine months ended June 30, 2022, were not material. Total acquisition-related costs from all of the above 2023 and 2022 acquisitions in the three and nine months ended June 30, 2023 and 2022, were not material.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Jun. 30, 2023
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 nine months ended June 30, 2023, 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 businesses 66.3 — 35.2 101.5 Translation and other 26.9 31.6 16.9 75.4 Balance as of June 30, 2023 $ 596.2 $ 2,430.3 $ 674.4 $ 3,700.9 We performed our annual evaluation of goodwill and indefinite life intangible assets for impairment during the second quarter of fiscal 2023 and concluded that these assets are not impaired. For our annual evaluation, we performed qualitative tests for our Intelligent Devices, Software & Control, and Lifecycle Services (excluding Sensia) reporting units and a quantitative test for our Sensia reporting unit. We also assessed the changes in events and circumstances subsequent to our annual test and concluded that no triggering events, which would require interim quantitative testing, occurred. Other intangible assets consist of (in millions): June 30, 2023 Carrying Accumulated Net Amortized intangible assets Software products $ 101.1 $ 65.7 $ 35.4 Customer relationships 614.2 136.7 477.5 Technology 426.1 160.3 265.8 Trademarks 87.1 27.0 60.1 Other 6.8 6.2 0.6 Total amortized intangible assets 1,235.3 395.9 839.4 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,279.0 $ 395.9 $ 883.1 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 $115.4 million in 2023, $113.7 million in 2024, $110.5 million in 2025, $109.3 million in 2026, and $102.3 million in 2027.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	9 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	Short-Term and Long-Term Debt Our Short-term debt as of June 30, 2023, and September 30, 2022, includes commercial paper borrowings of $183.0 million and $317.0 million, respectively, with weighted average interest rates of 5.10 percent and 3.03 percent, respectively, and weighted average maturity periods of 9 days and 22 days, respectively. In December 2022, Sensia entered into an unsecured $75.0 million line of credit. As of June 30, 2023, included in Short-term debt was $65.0 million borrowed against the line of credit with an interest rate of 6.14 percent. Also included in Short-term debt as of June 30, 2023, 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): June 30, 2023 September 30, 2022 Carrying Value Fair Value Carrying Value Fair Value Current portion of long-term debt $ 608.3 $ 605.0 $ 609.1 $ 589.1 Long-term debt 2,866.9 2,585.8 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	9 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities consist of (in millions): June 30, 2023 September 30, 2022 Unrealized losses on foreign exchange contracts $ 22.0 $ 31.2 Product warranty obligations 17.0 16.5 Taxes other than income taxes 54.0 65.6 Accrued interest 39.8 18.1 Dividends payable 137.0 0.6 Income taxes payable 130.0 81.1 Operating lease liabilities 83.2 83.3 Other 94.1 106.6 Other current liabilities $ 577.1 $ 403.0

Investments

Investments	9 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Our investments consist of (in millions): June 30, 2023 September 30, 2022 Fixed income securities $ 0.6 $ 12.6 Equity securities (level 1) 863.9 928.8 Equity securities (other) 81.4 76.4 Other 56.7 50.8 Total investments 1,002.6 1,068.6 Less: Short-term investments (1) (0.6) (12.6) Long-term investments $ 1,002.0 $ 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 6,070,905 and 8,879,717 shares of PTC Inc. ("PTC") common stock (the "PTC Shares") at June 30, 2023, 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 June 30, 2023, 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 Nine Months Ended 2023 2022 2023 2022 Net gain (loss) on equity securities (level 1) $ 86.4 $ (8.4) $ 290.4 $ (136.0) Net gain on equity securities (other) — 3.2 — 11.9 Equity method loss on Other investments (0.7) — (1.1) (14.2) Change in fair value of investments 85.7 (5.2) 289.3 (138.3) Total net realized gain on equity securities 36.9 12.7 89.8 12.9 Total net unrealized gain (loss) on equity securities $ 49.5 $ (17.9) $ 200.6 $ (137.0) 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	9 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The components of net periodic pension and postretirement benefit cost were (in millions): Pension Benefits Three Months Ended Nine Months Ended 2023 2022 2023 2022 Service cost $ 9.4 $ 15.4 $ 30.6 $ 56.1 Interest cost 35.3 34.5 114.0 99.3 Expected return on plan assets (44.0) (56.4) (147.0) (175.1) Amortization of prior service cost 0.1 — 0.1 0.8 Amortization of net actuarial loss (gain) 0.2 10.4 (1.8) 55.0 Settlement and curtailment charges (benefit) 2.2 (0.7) 120.1 24.2 Net periodic pension benefit cost $ 3.2 $ 3.2 $ 116.0 $ 60.3 Other Postretirement Benefits Three Months Ended Nine Months Ended 2023 2022 2023 2022 Service cost $ 0.2 $ 0.2 $ 0.4 $ 0.6 Interest cost 0.6 0.3 1.7 0.9 Amortization of prior service credit — (0.2) — (0.6) Amortization of net actuarial loss 0.1 0.2 0.4 0.5 Net periodic postretirement benefit cost $ 0.9 $ 0.5 $ 2.5 $ 1.4 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 (expense) in the Consolidated Statement of Operations. In March and June 2023, we remeasured our U.S. pension plan assets and liabilities in accordance with U.S. GAAP settlement accounting rules. For the three and nine months ended June 30, 2023, we recognized settlement expense of $2.2 million and $120.1 million, respectively. Settlement accounting was required due to the amount of lump-sum payments made by the U.S. pension plan to retirees, current employees electing an in-service distribution, and other separated employees. Remeasurement of our U.S. pension plan assets and liabilities increased our net benefit obligation by $25.3 million in 2023. The discount rate used for the remeasurement as of June 30, 2023, was 5.45 percent compared to 5.65 percent at our September 30, 2022, annual measurement date.

Other Income (Expense)

Other Income (Expense)	9 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Income (Expense)	Other Income (Expense) The components of Other income (expense) were (in millions): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Interest income $ 1.5 $ 0.6 $ 4.1 $ 1.6 Royalty income 3.4 3.1 9.3 8.6 Legacy product liability and environmental (charges) benefit (4.8) 0.8 (10.7) (6.6) Non-operating pension and postretirement credit (cost) 5.5 11.9 (87.5) (5.0) Other 0.9 3.4 1.5 0.4 Other income (expense) $ 6.5 $ 19.8 $ (83.3) $ (1.0)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Jun. 30, 2023
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 June 30, 2023 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 March 31, 2023 $ (417.2) $ (353.4) $ (25.5) $ (796.1) Other comprehensive income (loss) before reclassifications 38.6 35.6 (0.4) 73.8 Amounts reclassified from accumulated other comprehensive loss 2.1 — (5.3) (3.2) Other comprehensive income (loss) 40.7 35.6 (5.7) 70.6 Balance as of June 30, 2023 $ (376.5) $ (317.8) $ (31.2) $ (725.5) Nine Months Ended June 30, 2023 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 (loss) income before reclassifications (18.8) 147.2 (6.3) 122.1 Amounts reclassified from accumulated other comprehensive loss 90.1 — (20.2) 69.9 Other comprehensive income (loss) 71.3 147.2 (26.5) 192.0 Balance as of June 30, 2023 $ (376.5) $ (317.8) $ (31.2) $ (725.5) Three Months Ended June 30, 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 March 31, 2022 $ (489.8) $ (309.7) $ (33.6) $ (833.1) Other comprehensive (loss) income before reclassifications (81.0) (61.7) 15.5 (127.2) Amounts reclassified from accumulated other comprehensive loss 8.0 — (5.2) 2.8 Other comprehensive (loss) income (73.0) (61.7) 10.3 (124.4) Balance as of June 30, 2022 $ (562.8) $ (371.4) $ (23.3) $ (957.5) Nine Months Ended June 30, 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 at September 30, 2021 $ (694.1) $ (280.1) $ (42.9) $ (1,017.1) Other comprehensive income (loss) before reclassifications 70.7 (91.3) 24.2 3.6 Amounts reclassified from accumulated other comprehensive loss 60.6 — (4.6) 56.0 Other comprehensive income (loss) 131.3 (91.3) 19.6 59.6 Balance as of June 30, 2022 $ (562.8) $ (371.4) $ (23.3) $ (957.5) The reclassifications out of Accumulated other comprehensive loss in the Consolidated Statement of Operations were (in millions): Three Months Ended Nine Months Ended Affected Line in the Consolidated Statement of Operations 2023 2022 2023 2022 Pension and other postretirement benefit plan adjustments (1) Amortization of prior service cost (credit) $ 0.1 $ (0.2) $ 0.1 $ 0.2 Other income (expense) Amortization of net actuarial loss (gain) 0.3 10.6 (1.4) 55.5 Other income (expense) Settlement and curtailment charges (benefit) 2.2 (0.7) 120.1 24.2 Other income (expense) 2.6 9.7 118.8 79.9 Income before income taxes (0.5) (1.7) (28.7) (19.3) Income tax provision $ 2.1 $ 8.0 $ 90.1 $ 60.6 Net income attributable to Rockwell Automation, Inc. Net unrealized (gains) losses on cash flow hedges Forward exchange contracts $ (1.9) $ (0.5) $ (4.6) $ (0.2) Sales Forward exchange contracts (6.3) (7.9) (25.7) (9.5) Cost of sales Forward exchange contracts — 0.3 (0.1) 0.4 Selling, general and administrative expenses Treasury locks related to 2019 and 2021 debt issuances 0.9 0.9 2.7 2.7 Interest expense (7.3) (7.2) (27.7) (6.6) Income before income taxes 2.0 2.0 7.5 2.0 Income tax provision $ (5.3) $ (5.2) $ (20.2) $ (4.6) Net income attributable to Rockwell Automation, Inc. Total reclassifications $ (3.2) $ 2.8 $ 69.9 $ 56.0 Net income attributable to Rockwell Automation, Inc. (1) These components are included in the computation of net periodic benefit cost. See Note 10 for further information.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Jun. 30, 2023
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 June 30, 2023, 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	9 Months Ended
	Jun. 30, 2023
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 15.5 percent and 16.9 percent in the three and nine months ended June 30, 2023, respectively, compared to 14.4 percent and 12.7 percent in the three and nine months ended June 30, 2022, respectively. The effective tax rate was lower than the U.S. statutory rate of 21 percent in the three and nine months ended June 30, 2023, primarily due to non-U.S. tax rates and other discrete benefits. The effective tax rate was lower than the U.S. statutory rate of 21 percent in the three and nine months ended June 30, 2022, primarily due to non-U.S. tax rates and other discrete benefits. An income tax liability of $175.3 million and $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 June 30, 2023, 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 $7.9 million and $3.9 million at June 30, 2023, and September 30, 2022, respectively, of which the entire amount would reduce our effective tax rate if recognized. Accrued interest and penalties related to unrecognized tax benefits were $0.9 million and $1.4 million at June 30, 2023, and September 30, 2022, respectively. 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 $2.4 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 $3.1 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	9 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Sales and operating results of our reportable segments were (in millions): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Sales Intelligent Devices $ 968.1 $ 878.3 $ 2,927.5 $ 2,587.2 Software & Control 750.6 606.9 2,065.0 1,655.7 Lifecycle Services 520.0 483.5 1,502.6 1,391.2 Total $ 2,238.7 $ 1,968.7 $ 6,495.1 $ 5,634.1 Segment operating earnings Intelligent Devices $ 163.1 $ 173.2 $ 579.4 $ 504.4 Software & Control 261.5 190.6 678.1 439.7 Lifecycle Services 48.4 45.4 100.6 103.6 Total 473.0 409.2 1,358.1 1,047.7 Purchase accounting depreciation and amortization (27.2) (25.9) (79.8) (78.1) Corporate and other (32.3) (15.6) (88.8) (69.6) Non-operating pension and postretirement credit (cost) 5.5 11.9 (87.5) (5.0) Change in fair value of investments 85.7 (5.2) 289.3 (138.3) Interest expense, net (32.9) (30.2) (100.2) (88.9) Income before income taxes $ 471.8 $ 344.2 $ 1,291.1 $ 667.8 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 (cost), 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 400.2	$ 297.9	$ 1,084.5	$ 593.3

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Matthew Fordenwalt [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Matthew Fordenwalt, Senior Vice President Lifecycle Services, adopted a Rule 10b5-1 trading arrangement on May 25, 2023, that will terminate on the earlier of December 31, 2023, or the execution of all trades in the trading arrangement. Mr. Fordenwalt’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit and performance share vests.
Name	Matthew Fordenwalt
Title	Senior Vice President Lifecycle Services
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 25, 2023
Arrangement Duration	220 days
Nicholas Gangestad [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Nicholas Gangestad, Senior Vice President and Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement on May 30, 2023, that will terminate on the earlier of March 8, 2024, or the execution of all trades in the trading arrangement. Mr. Gangestad’s trading arrangement covers the sale of (i) the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit vests and (ii) 50% of the shares of the Company’s common stock that remain following the sale to cover taxes on the vesting of 5,309 restricted stock units on March 1, 2024.
Name	Nicholas Gangestad
Title	Senior Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 30, 2023
Arrangement Duration	283 days
Veena Lakkundi [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Veena Lakkundi, Senior Vice President Corporate Development and Strategy, adopted a Rule 10b5-1 trading arrangement on May 31, 2023, that will terminate on the earlier of December 31, 2023, or the execution of all trades in the trading arrangement. Ms. Lakkundi’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit vests.
Name	Veena Lakkundi
Title	Senior Vice President Corporate Development and Strategy
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 31, 2023
Arrangement Duration	214 days
John Miller [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		John Miller, Vice President and Chief Intellectual Property Counsel, adopted a Rule 10b5-1 trading arrangement on May 24, 2023, that will terminate on the earlier of December 31, 2023, or the execution of all trades in the trading arrangement. Mr. Miller’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit and performance share vests.
Name	John Miller
Title	Vice President and Chief Intellectual Property Counsel
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 24, 2023
Arrangement Duration	221 days
Brian Shepherd [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Brian Shepherd, Senior Vice President Software and Control, adopted a Rule 10b5-1 trading arrangement on May 24, 2023, that will terminate on the earlier of February 29, 2024, or the execution of all trades in the trading arrangement. Mr. Shepherd’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit vests.
Name	Brian Shepherd
Title	Senior Vice President Software and Control
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 24, 2023
Arrangement Duration	281 days

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2023
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 will expand our disclosures when we adopt this standard in the first quarter of 2024. 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)	9 Months Ended
	Jun. 30, 2023
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 Nine Months Ended 2023 2022 2023 2022 Net income attributable to Rockwell Automation, Inc. $ 400.2 $ 297.9 $ 1,084.5 $ 593.3 Less: Allocation to participating securities (1.7) (1.0) (4.6) (1.9) Net income available to common shareowners $ 398.5 $ 296.9 $ 1,079.9 $ 591.4 Basic weighted average outstanding shares 114.8 116.0 114.8 116.1 Effect of dilutive securities Stock options 0.7 0.5 0.7 0.8 Performance shares 0.1 — 0.1 — Diluted weighted average outstanding shares 115.6 116.5 115.6 116.9 Earnings per share: Basic $ 3.47 $ 2.56 $ 9.41 $ 5.10 Diluted $ 3.45 $ 2.55 $ 9.34 $ 5.06

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present 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 June 30, 2023 Three Months Ended June 30, 2022 Intelligent Devices Software & Control Lifecycle Services Total Intelligent Devices Software & Control Lifecycle Services Total North America $ 548.5 $ 460.9 $ 251.5 $ 1,260.9 $ 549.6 $ 437.8 $ 252.5 $ 1,239.9 Europe, Middle East and Africa 220.4 137.3 136.7 494.4 162.5 72.3 117.8 352.6 Asia Pacific 133.7 113.6 96.2 343.5 106.4 61.3 79.1 246.8 Latin America 65.5 38.8 35.6 139.9 59.8 35.5 34.1 129.4 Total Company Sales $ 968.1 $ 750.6 $ 520.0 $ 2,238.7 $ 878.3 $ 606.9 $ 483.5 $ 1,968.7 Nine Months Ended June 30, 2023 Nine Months Ended June 30, 2022 Intelligent Devices Software & Control Lifecycle Services Total Intelligent Devices Software & Control Lifecycle Services Total North America $ 1,714.6 $ 1,297.0 $ 738.8 $ 3,750.4 $ 1,604.4 $ 1,104.9 $ 702.9 $ 3,412.2 Europe, Middle East and Africa 608.2 371.7 373.8 1,353.7 467.7 246.1 342.4 1,056.2 Asia Pacific 401.7 281.6 290.9 974.2 334.3 213.1 244.5 791.9 Latin America 203.0 114.7 99.1 416.8 180.8 91.6 101.4 373.8 Total Company Sales $ 2,927.5 $ 2,065.0 $ 1,502.6 $ 6,495.1 $ 2,587.2 $ 1,655.7 $ 1,391.2 $ 5,634.1
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): June 30, 2023 June 30, 2022 Balance as of beginning of year $ 541.3 $ 462.5 Balance as of end of period 672.5 549.5

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2023
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): Nine Months Ended June 30, 2023 2022 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 236 262.24 214 307.31 Unrestricted stock 7 261.72 3 345.00

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of (in millions): June 30, 2023 September 30, 2022 Finished goods $ 507.5 $ 325.0 Work in process 373.8 317.3 Raw materials 553.9 411.9 Inventories $ 1,435.2 $ 1,054.2

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jun. 30, 2023
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 $ 20.2 Inventories 17.7 Property 27.5 Goodwill 66.3 Other intangible assets 36.4 All other assets 9.2 Total assets acquired 177.3 Less: Total liabilities assumed (43.5) Net assets acquired, excluding cash $ 133.8 Purchase Consideration Total purchase consideration, net of cash acquired $ 133.8 Purchase Price Allocation Receivables $ 3.6 Goodwill 35.2 Other intangible assets 17.7 All other assets 3.5 Total assets acquired 60.0 Less: Total liabilities assumed (8.0) Net assets acquired, excluding cash $ 52.0 Purchase Consideration Total purchase consideration, net of cash acquired $ 52.0

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of Goodwill for the nine months ended June 30, 2023, 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 businesses 66.3 — 35.2 101.5 Translation and other 26.9 31.6 16.9 75.4 Balance as of June 30, 2023 $ 596.2 $ 2,430.3 $ 674.4 $ 3,700.9
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class	Other intangible assets consist of (in millions): June 30, 2023 Carrying Accumulated Net Amortized intangible assets Software products $ 101.1 $ 65.7 $ 35.4 Customer relationships 614.2 136.7 477.5 Technology 426.1 160.3 265.8 Trademarks 87.1 27.0 60.1 Other 6.8 6.2 0.6 Total amortized intangible assets 1,235.3 395.9 839.4 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,279.0 $ 395.9 $ 883.1 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)	9 Months Ended
	Jun. 30, 2023
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): June 30, 2023 September 30, 2022 Carrying Value Fair Value Carrying Value Fair Value Current portion of long-term debt $ 608.3 $ 605.0 $ 609.1 $ 589.1 Long-term debt 2,866.9 2,585.8 2,867.8 2,485.4

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other current liabilities consist of (in millions): June 30, 2023 September 30, 2022 Unrealized losses on foreign exchange contracts $ 22.0 $ 31.2 Product warranty obligations 17.0 16.5 Taxes other than income taxes 54.0 65.6 Accrued interest 39.8 18.1 Dividends payable 137.0 0.6 Income taxes payable 130.0 81.1 Operating lease liabilities 83.2 83.3 Other 94.1 106.6 Other current liabilities $ 577.1 $ 403.0

Investments (Tables)

Investments (Tables)	9 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Our investments consist of (in millions): June 30, 2023 September 30, 2022 Fixed income securities $ 0.6 $ 12.6 Equity securities (level 1) 863.9 928.8 Equity securities (other) 81.4 76.4 Other 56.7 50.8 Total investments 1,002.6 1,068.6 Less: Short-term investments (1) (0.6) (12.6) Long-term investments $ 1,002.0 $ 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 Nine Months Ended 2023 2022 2023 2022 Net gain (loss) on equity securities (level 1) $ 86.4 $ (8.4) $ 290.4 $ (136.0) Net gain on equity securities (other) — 3.2 — 11.9 Equity method loss on Other investments (0.7) — (1.1) (14.2) Change in fair value of investments 85.7 (5.2) 289.3 (138.3) Total net realized gain on equity securities 36.9 12.7 89.8 12.9 Total net unrealized gain (loss) on equity securities $ 49.5 $ (17.9) $ 200.6 $ (137.0)

Retirement Benefits (Tables)

Retirement Benefits (Tables)	9 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension and postretirement benefit cost were (in millions): Pension Benefits Three Months Ended Nine Months Ended 2023 2022 2023 2022 Service cost $ 9.4 $ 15.4 $ 30.6 $ 56.1 Interest cost 35.3 34.5 114.0 99.3 Expected return on plan assets (44.0) (56.4) (147.0) (175.1) Amortization of prior service cost 0.1 — 0.1 0.8 Amortization of net actuarial loss (gain) 0.2 10.4 (1.8) 55.0 Settlement and curtailment charges (benefit) 2.2 (0.7) 120.1 24.2 Net periodic pension benefit cost $ 3.2 $ 3.2 $ 116.0 $ 60.3 Other Postretirement Benefits Three Months Ended Nine Months Ended 2023 2022 2023 2022 Service cost $ 0.2 $ 0.2 $ 0.4 $ 0.6 Interest cost 0.6 0.3 1.7 0.9 Amortization of prior service credit — (0.2) — (0.6) Amortization of net actuarial loss 0.1 0.2 0.4 0.5 Net periodic postretirement benefit cost $ 0.9 $ 0.5 $ 2.5 $ 1.4

Other Income (Expense) (Tables)

Other Income (Expense) (Tables)	9 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Components of Other Income Expense	The components of Other income (expense) were (in millions): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Interest income $ 1.5 $ 0.6 $ 4.1 $ 1.6 Royalty income 3.4 3.1 9.3 8.6 Legacy product liability and environmental (charges) benefit (4.8) 0.8 (10.7) (6.6) Non-operating pension and postretirement credit (cost) 5.5 11.9 (87.5) (5.0) Other 0.9 3.4 1.5 0.4 Other income (expense) $ 6.5 $ 19.8 $ (83.3) $ (1.0)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Jun. 30, 2023
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 June 30, 2023 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 March 31, 2023 $ (417.2) $ (353.4) $ (25.5) $ (796.1) Other comprehensive income (loss) before reclassifications 38.6 35.6 (0.4) 73.8 Amounts reclassified from accumulated other comprehensive loss 2.1 — (5.3) (3.2) Other comprehensive income (loss) 40.7 35.6 (5.7) 70.6 Balance as of June 30, 2023 $ (376.5) $ (317.8) $ (31.2) $ (725.5) Nine Months Ended June 30, 2023 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 (loss) income before reclassifications (18.8) 147.2 (6.3) 122.1 Amounts reclassified from accumulated other comprehensive loss 90.1 — (20.2) 69.9 Other comprehensive income (loss) 71.3 147.2 (26.5) 192.0 Balance as of June 30, 2023 $ (376.5) $ (317.8) $ (31.2) $ (725.5) Three Months Ended June 30, 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 March 31, 2022 $ (489.8) $ (309.7) $ (33.6) $ (833.1) Other comprehensive (loss) income before reclassifications (81.0) (61.7) 15.5 (127.2) Amounts reclassified from accumulated other comprehensive loss 8.0 — (5.2) 2.8 Other comprehensive (loss) income (73.0) (61.7) 10.3 (124.4) Balance as of June 30, 2022 $ (562.8) $ (371.4) $ (23.3) $ (957.5) Nine Months Ended June 30, 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 at September 30, 2021 $ (694.1) $ (280.1) $ (42.9) $ (1,017.1) Other comprehensive income (loss) before reclassifications 70.7 (91.3) 24.2 3.6 Amounts reclassified from accumulated other comprehensive loss 60.6 — (4.6) 56.0 Other comprehensive income (loss) 131.3 (91.3) 19.6 59.6 Balance as of June 30, 2022 $ (562.8) $ (371.4) $ (23.3) $ (957.5)
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 Nine Months Ended Affected Line in the Consolidated Statement of Operations 2023 2022 2023 2022 Pension and other postretirement benefit plan adjustments (1) Amortization of prior service cost (credit) $ 0.1 $ (0.2) $ 0.1 $ 0.2 Other income (expense) Amortization of net actuarial loss (gain) 0.3 10.6 (1.4) 55.5 Other income (expense) Settlement and curtailment charges (benefit) 2.2 (0.7) 120.1 24.2 Other income (expense) 2.6 9.7 118.8 79.9 Income before income taxes (0.5) (1.7) (28.7) (19.3) Income tax provision $ 2.1 $ 8.0 $ 90.1 $ 60.6 Net income attributable to Rockwell Automation, Inc. Net unrealized (gains) losses on cash flow hedges Forward exchange contracts $ (1.9) $ (0.5) $ (4.6) $ (0.2) Sales Forward exchange contracts (6.3) (7.9) (25.7) (9.5) Cost of sales Forward exchange contracts — 0.3 (0.1) 0.4 Selling, general and administrative expenses Treasury locks related to 2019 and 2021 debt issuances 0.9 0.9 2.7 2.7 Interest expense (7.3) (7.2) (27.7) (6.6) Income before income taxes 2.0 2.0 7.5 2.0 Income tax provision $ (5.3) $ (5.2) $ (20.2) $ (4.6) Net income attributable to Rockwell Automation, Inc. Total reclassifications $ (3.2) $ 2.8 $ 69.9 $ 56.0 Net income attributable to Rockwell Automation, Inc. (1) These components are included in the computation of net periodic benefit cost. See Note 10 for further information.

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Sales and operating results of our reportable segments were (in millions): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Sales Intelligent Devices $ 968.1 $ 878.3 $ 2,927.5 $ 2,587.2 Software & Control 750.6 606.9 2,065.0 1,655.7 Lifecycle Services 520.0 483.5 1,502.6 1,391.2 Total $ 2,238.7 $ 1,968.7 $ 6,495.1 $ 5,634.1 Segment operating earnings Intelligent Devices $ 163.1 $ 173.2 $ 579.4 $ 504.4 Software & Control 261.5 190.6 678.1 439.7 Lifecycle Services 48.4 45.4 100.6 103.6 Total 473.0 409.2 1,358.1 1,047.7 Purchase accounting depreciation and amortization (27.2) (25.9) (79.8) (78.1) Corporate and other (32.3) (15.6) (88.8) (69.6) Non-operating pension and postretirement credit (cost) 5.5 11.9 (87.5) (5.0) Change in fair value of investments 85.7 (5.2) 289.3 (138.3) Interest expense, net (32.9) (30.2) (100.2) (88.9) Income before income taxes $ 471.8 $ 344.2 $ 1,291.1 $ 667.8

Basis of Presentation and Acc_4

Basis of Presentation and Accounting Policies - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 17.4		$ 17.4		$ 13.1
Allowance for certain customer returns, rebates and incentives	$ 14.6		$ 14.6		$ 13.9
Antidilutive share-based compensation awards (in shares)	0.4	0.6	0.5	0.4
Capital expenditures in accounts payable or other current liabilities at period end			$ 42.5	$ 15.5
Outstanding purchase of common stock recorded in accounts payable			$ 0.8	$ 8.8

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		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reconciled Basic and Diluted EPS
Net income attributable to Rockwell Automation, Inc.	$ 400.2	$ 297.9	$ 1,084.5	$ 593.3
Less: Allocation to participating securities	(1.7)	(1)	(4.6)	(1.9)
Net income available to common shareowners	$ 398.5	$ 296.9	$ 1,079.9	$ 591.4
Basic weighted average outstanding shares (in shares)	114.8	116	114.8	116.1
Effect of dilutive securities
Stock options (in shares)	0.7	0.5	0.7	0.8
Performance shares (in shares)	0.1	0	0.1	0
Diluted weighted average outstanding shares (in shares)	115.6	116.5	115.6	116.9
Earnings per share:
Basic (in usd per share)	$ 3.47	$ 2.56	$ 9.41	$ 5.10
Diluted (in usd per share)	$ 3.45	$ 2.55	$ 9.34	$ 5.06

Revenue Recognition - Performan

Revenue Recognition - Performance Obligation (Details) $ in Millions	Jun. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized in future periods	$ 1,126
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized in future periods	$ 716
Revenue to be recognized in future periods, expected timing of satisfaction, period	12 months

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) $ in Millions	9 Months Ended
	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Number of operating segments | segment	3
Contract with customer, liability, revenue recognized	$ 362.7	$ 296.8
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		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Sales	$ 2,238.7	$ 1,968.7	$ 6,495.1	$ 5,634.1
North America
Disaggregation of Revenue [Line Items]
Sales	1,260.9	1,239.9	3,750.4	3,412.2
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	494.4	352.6	1,353.7	1,056.2
Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	343.5	246.8	974.2	791.9
Latin America
Disaggregation of Revenue [Line Items]
Sales	139.9	129.4	416.8	373.8
Intelligent Devices
Disaggregation of Revenue [Line Items]
Sales	968.1	878.3	2,927.5	2,587.2
Intelligent Devices | North America
Disaggregation of Revenue [Line Items]
Sales	548.5	549.6	1,714.6	1,604.4
Intelligent Devices | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	220.4	162.5	608.2	467.7
Intelligent Devices | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	133.7	106.4	401.7	334.3
Intelligent Devices | Latin America
Disaggregation of Revenue [Line Items]
Sales	65.5	59.8	203	180.8
Software & Control
Disaggregation of Revenue [Line Items]
Sales	750.6	606.9	2,065	1,655.7
Software & Control | North America
Disaggregation of Revenue [Line Items]
Sales	460.9	437.8	1,297	1,104.9
Software & Control | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	137.3	72.3	371.7	246.1
Software & Control | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	113.6	61.3	281.6	213.1
Software & Control | Latin America
Disaggregation of Revenue [Line Items]
Sales	38.8	35.5	114.7	91.6
Lifecycle Services
Disaggregation of Revenue [Line Items]
Sales	520	483.5	1,502.6	1,391.2
Lifecycle Services | North America
Disaggregation of Revenue [Line Items]
Sales	251.5	252.5	738.8	702.9
Lifecycle Services | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Sales	136.7	117.8	373.8	342.4
Lifecycle Services | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	96.2	79.1	290.9	244.5
Lifecycle Services | Latin America
Disaggregation of Revenue [Line Items]
Sales	$ 35.6	$ 34.1	$ 99.1	$ 101.4

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022
Contract With Customer, Liability [Roll Forward]
Balance as of beginning of year	$ 541.3	$ 549.5	$ 462.5
Balance as of end of period	$ 672.5	$ 541.3	$ 549.5

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation (Textual) [Abstract]
Pre-tax share-based compensation expense	$ 23.4	$ 17.6	$ 65	$ 48.8
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)			233	164
Weighted average 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
Weighted average 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)			236	214
Weighted average share fair value (usd per share)			$ 262.24	$ 307.31
Unrestricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)			7	3
Weighted average share fair value (usd per share)			$ 261.72	$ 345

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Inventories
Finished goods	$ 507.5	$ 325
Work in process	373.8	317.3
Raw materials	553.9	411.9
Inventories	$ 1,435.2	$ 1,054.2

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions		1 Months Ended
	Oct. 31, 2022	Feb. 28, 2023	Jun. 30, 2023	Sep. 30, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill			$ 3,700.9	$ 3,524
CUBIC
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Receivables	$ 20.2
Inventories	17.7
Property	27.5
Goodwill	66.3
Other intangible assets	36.4
All other assets	9.2
Total assets acquired	177.3
Less: Total liabilities assumed	(43.5)
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
Knowledge Lens
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Receivables		$ 3.6
Goodwill		35.2
Other intangible assets		17.7
All other assets		3.5
Total assets acquired		60
Less: Total liabilities assumed		(8)
Net assets acquired, excluding cash		52
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Total purchase consideration, net of cash acquired		$ 52

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Pro forma revenue	$ 2,200	$ 2,000	$ 6,500	$ 5,700
Pro forma earnings	0	0	0	0
Sales	23.8	0	59.4	0
Acquisition related costs	$ 0	$ 0	$ 0	$ 0

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Millions	9 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill
Balance at beginning of period	$ 3,524
Acquisition of businesses	101.5
Translation and other	75.4
Balance at end of period	3,700.9
Intelligent Devices
Goodwill
Balance at beginning of period	503
Acquisition of businesses	66.3
Translation and other	26.9
Balance at end of period	596.2
Software & Control
Goodwill
Balance at beginning of period	2,398.7
Acquisition of businesses	0
Translation and other	31.6
Balance at end of period	2,430.3
Lifecycle Services
Goodwill
Balance at beginning of period	622.3
Acquisition of businesses	35.2
Translation and other	16.9
Balance at end of period	$ 674.4

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Other intangible assets
Amortized intangible assets, carrying amount	$ 1,235.3	$ 1,167.9
Amortized intangible assets, accumulated amortization	395.9	309.6
Amortized intangible assets, net	839.4	858.3
Total, carrying amount	1,279	1,211.6
Total, net	883.1	902
Goodwill and Other Intangible Assets (Textual) [Abstract]
Estimated amortization expense in 2023	115.4
Estimated amortization expense in 2024	113.7
Estimated amortization expense in 2025	110.5
Estimated amortization expense in 2026	109.3
Estimated amortization expense in 2027	102.3
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	101.1	97.6
Amortized intangible assets, accumulated amortization	65.7	57.9
Amortized intangible assets, net	35.4	39.7
Customer relationships
Other intangible assets
Amortized intangible assets, carrying amount	614.2	582.7
Amortized intangible assets, accumulated amortization	136.7	107.2
Amortized intangible assets, net	477.5	475.5
Technology
Other intangible assets
Amortized intangible assets, carrying amount	426.1	410.8
Amortized intangible assets, accumulated amortization	160.3	119.3
Amortized intangible assets, net	265.8	291.5
Trademarks
Other intangible assets
Amortized intangible assets, carrying amount	87.1	70.4
Amortized intangible assets, accumulated amortization	27	19.4
Amortized intangible assets, net	60.1	51
Other
Other intangible assets
Amortized intangible assets, carrying amount	6.8	6.4
Amortized intangible assets, accumulated amortization	6.2	5.8
Amortized intangible assets, net	$ 0.6	$ 0.6

Short-Term and Long-Term Debt -

Short-Term and Long-Term Debt - Narrative (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Short-term debt	$ 278.5	$ 359.3
Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 183	$ 317
Debt, weighted average interest rate	5.10%	3.03%
Debt instrument, term	9 days	22 days
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 75
Unsecured line of credit, amount borrowed	$ 65
Stated interest rate	6.14%
Interest Bearing Loan
Debt Instrument [Line Items]
Short-term debt	$ 23.5	$ 42.3

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ 608.3	$ 609.1
Reported Value Measurement
Debt Instrument [Line Items]
Current portion of long-term debt	608.3	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	605	589.1
Estimate of Fair Value Measurement | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt	$ 2,585.8	$ 2,485.4

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Other current liabilities
Unrealized losses on foreign exchange contracts	$ 22	$ 31.2
Product warranty obligations	17	16.5
Taxes other than income taxes	54	65.6
Accrued interest	39.8	18.1
Dividends payable	137	0.6
Income taxes payable	130	81.1
Operating lease liabilities	83.2	83.3
Other	94.1	106.6
Other current liabilities	$ 577.1	$ 403

Investments - Summary of Invest

Investments - Summary of Investments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Fixed income securities	$ 0.6	$ 12.6
Equity securities	863.9	928.8
Equity securities (other)	81.4	76.4
Other	56.7	50.8
Total investments	1,002.6	1,068.6
Less: Short-term Investments	(0.6)	(12.6)
Long-term investments	$ 1,002	$ 1,056

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	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)	6,070,905	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		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Net gain (loss) on equity securities (level 1)	$ 86.4	$ (8.4)	$ 290.4	$ (136)
Net gain on equity securities (other)	0	3.2	0	11.9
Equity method loss on Other investments	(0.7)	0	(1.1)	(14.2)
Change in fair value of investments	85.7	(5.2)	289.3	(138.3)
Total net realized gain on equity securities	36.9	12.7	89.8	12.9
Total net unrealized gain (loss) on equity securities	$ 49.5	$ (17.9)	$ 200.6	$ (137)

Retirement Benefits - Component

Retirement Benefits - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Millions	3 Months Ended		4 Months Ended	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Pension Benefits
Components of net periodic benefit cost (income)
Service cost	$ 9.4	$ 15.4		$ 30.6	$ 56.1
Interest cost	35.3	34.5		114	99.3
Expected return on plan assets	(44)	(56.4)		(147)	(175.1)
Amortization [Abstract]
Amortization of prior service credit	0.1	0		0.1	0.8
Amortization of net actuarial loss (gain)	0.2	10.4		(1.8)	55
Settlement and curtailment charges (benefit)	2.2	(0.7)		120.1	24.2
Net periodic postretirement benefit cost	$ 3.2	3.2		$ 116	60.3
Increase in net benefit obligation for remeasurement due to settlement			$ 25.3
Defined benefit plan, assumptions used calculating benefit obligation, discount rate	5.45%		5.45%	5.45%		5.65%
Other Postretirement Benefits
Components of net periodic benefit cost (income)
Service cost	$ 0.2	0.2		$ 0.4	0.6
Interest cost	0.6	0.3		1.7	0.9
Amortization [Abstract]
Amortization of prior service credit	0	(0.2)		0	(0.6)
Amortization of net actuarial loss (gain)	0.1	0.2		0.4	0.5
Net periodic postretirement benefit cost	$ 0.9	$ 0.5		$ 2.5	$ 1.4

Other Income (Expense) (Details

Other Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Interest income	$ 1.5	$ 0.6	$ 4.1	$ 1.6
Royalty income	3.4	3.1	9.3	8.6
Legacy product liability and environmental (charges) benefit	(4.8)	0.8	(10.7)	(6.6)
Non-operating pension and postretirement credit (cost)	5.5	11.9	(87.5)	(5)
Other	0.9	3.4	1.5	0.4
Other income (expense)	$ 6.5	$ 19.8	$ (83.3)	$ (1)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,435.5	$ 2,929.9	$ 3,016.7	$ 2,694.1
Other comprehensive income (loss)	71.1	(124.6)	192.1	59.7
Balance at end of period	3,622.2	2,685.6	3,622.2	2,685.6
Total accumulated other comprehensive loss, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(796.1)	(833.1)	(917.5)	(1,017.1)
Other comprehensive income (loss) before reclassifications	73.8	(127.2)	122.1	3.6
Amounts reclassified from accumulated other comprehensive loss	(3.2)	2.8	69.9	56
Other comprehensive income (loss)	70.6	(124.4)	192	59.6
Balance at end of period	(725.5)	(957.5)	(725.5)	(957.5)
Pension and other postretirement benefit plan adjustments, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(417.2)	(489.8)	(447.8)	(694.1)
Other comprehensive income (loss) before reclassifications	38.6	(81)	(18.8)	70.7
Amounts reclassified from accumulated other comprehensive loss	2.1	8	90.1	60.6
Other comprehensive income (loss)	40.7	(73)	71.3	131.3
Balance at end of period	(376.5)	(562.8)	(376.5)	(562.8)
Accumulated currency translation adjustments, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(353.4)	(309.7)	(465)	(280.1)
Other comprehensive income (loss) before reclassifications	35.6	(61.7)	147.2	(91.3)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Other comprehensive income (loss)	35.6	(61.7)	147.2	(91.3)
Balance at end of period	(317.8)	(371.4)	(317.8)	(371.4)
Net unrealized losses on cash flow hedges, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(25.5)	(33.6)	(4.7)	(42.9)
Other comprehensive income (loss) before reclassifications	(0.4)	15.5	(6.3)	24.2
Amounts reclassified from accumulated other comprehensive loss	(5.3)	(5.2)	(20.2)	(4.6)
Other comprehensive income (loss)	(5.7)	10.3	(26.5)	19.6
Balance at end of period	$ (31.2)	$ (23.3)	$ (31.2)	$ (23.3)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications out of Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense)	$ 6.5	$ 19.8	$ (83.3)	$ (1)
Sales	2,238.7	1,968.7	6,495.1	5,634.1
Cost of sales	(1,323.3)	(1,166.3)	(3,833.6)	(3,418.5)
Selling, general and administrative expenses	(501.4)	(442)	(1,472.1)	(1,318)
Interest expense	(34.4)	(30.8)	(104.3)	(90.5)
Income before income taxes	471.8	344.2	1,291.1	667.8
Income tax provision (Note 14)	(73.1)	(49.4)	(218.8)	(84.7)
Net income attributable to Rockwell Automation, Inc.	400.2	297.9	1,084.5	593.3
Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income attributable to Rockwell Automation, Inc.	(3.2)	2.8	69.9	56
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	2.6	9.7	118.8	79.9
Income tax provision (Note 14)	(0.5)	(1.7)	(28.7)	(19.3)
Net income attributable to Rockwell Automation, Inc.	2.1	8	90.1	60.6
Amortization of prior service cost (credit) | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense)	0.1	(0.2)	0.1	0.2
Amortization of net actuarial loss (gain) | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense)	0.3	10.6	(1.4)	55.5
Settlement and curtailment charges (benefit) | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense)	2.2	(0.7)	120.1	24.2
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	(7.3)	(7.2)	(27.7)	(6.6)
Income tax provision (Note 14)	2	2	7.5	2
Net income attributable to Rockwell Automation, Inc.	(5.3)	(5.2)	(20.2)	(4.6)
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	(1.9)	(0.5)	(4.6)	(0.2)
Cost of sales	(6.3)	(7.9)	(25.7)	(9.5)
Selling, general and administrative expenses	0	0.3	(0.1)	0.4
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	$ 2.7	$ 2.7

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	15.50%	14.40%	16.90%	12.70%
Income tax liabilities	$ 175.3		$ 175.3		$ 233.7
Gross unrecognized tax benefits	7.9		7.9		3.9
Accrued interest and penalties related to unrecognized tax benefits	0.9		0.9		$ 1.4
Reasonably possible amount of reduction in gross unrecognized tax benefits for the next twelve months	2.4		2.4
Reasonably possible amount of net reduction to income tax provision if unrecognized tax benefits were recognized	$ 3.1		$ 3.1

Business Segment Information -

Business Segment Information - Sales and Operating Results (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Sales and operating results of reportable segments
Sales	$ 2,238.7	$ 1,968.7	$ 6,495.1	$ 5,634.1
Purchase accounting depreciation and amortization	(27.2)	(25.9)	(79.8)	(78.1)
Corporate and other	(32.3)	(15.6)	(88.8)	(69.6)
Non-operating pension and postretirement credit (cost)	5.5	11.9	(87.5)	(5)
Change in fair value of investments	85.7	(5.2)	289.3	(138.3)
Interest expense, net	(32.9)	(30.2)	(100.2)	(88.9)
Income before income taxes	471.8	344.2	1,291.1	667.8
Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	473	409.2	1,358.1	1,047.7
Intelligent Devices
Sales and operating results of reportable segments
Sales	968.1	878.3	2,927.5	2,587.2
Intelligent Devices | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	163.1	173.2	579.4	504.4
Software & Control
Sales and operating results of reportable segments
Sales	750.6	606.9	2,065	1,655.7
Software & Control | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	261.5	190.6	678.1	439.7
Lifecycle Services
Sales and operating results of reportable segments
Sales	520	483.5	1,502.6	1,391.2
Lifecycle Services | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	$ 48.4	$ 45.4	$ 100.6	$ 103.6