Rockwell Automation (ROK) 10-Q 31 Jan 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Dec. 31, 2023 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 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)	114,592,022
Entity Central Index Key	0001024478
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Current assets
Cash and cash equivalents	$ 439.5	$ 1,071.8
Receivables	1,934.9	2,167.4
Inventories	1,474	1,404.9
Other current assets	287.5	266.7
Total current assets	4,135.9	4,910.8
Property, net of accumulated depreciation of $1,866.3 and $1,828.3, respectively	705	684.2
Operating lease right-of-use assets	350.1	349.4
Goodwill	3,966.7	3,529.2
Other intangible assets, net	1,190.4	852.4
Deferred income taxes	461.8	459.3
Long-term investments	161.9	157.1
Other assets	361.5	361.6
Total	11,333.3	11,304
Current liabilities
Short-term debt	501.4	94.7
Current portion of long-term debt	9.9	8.6
Accounts payable	935	1,150.2
Compensation and benefits	269.9	499.9
Contract liabilities	595.3	592.5
Customer returns, rebates and incentives	390.8	452
Other current liabilities	608.6	567.4
Total current liabilities	3,310.9	3,365.3
Long-term debt	2,863	2,862.9
Retirement benefits	513.4	503.6
Operating lease liabilities	277.9	285.3
Other liabilities	581	543.5
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	2,111.3	2,102.5
Retained earnings	9,326.5	9,255.2
Accumulated other comprehensive loss	(729.8)	(790.1)
Common stock in treasury, at cost (shares held: 66.8 and 66.6, respectively)	(7,281.7)	(7,187.4)
Shareowners’ equity attributable to Rockwell Automation, Inc.	3,607.7	3,561.6
Noncontrolling interests	179.4	181.8
Total shareowners’ equity	3,787.1	3,743.4
Total	$ 11,333.3	$ 11,304

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 1,866.3	$ 1,828.3
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)	66.8	66.6

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Sales
Sales	$ 2,052.1	$ 1,981
Cost of sales
Cost of sales	(1,257.5)	(1,167.4)
Gross profit	794.6	813.6
Selling, general and administrative expenses	(513.7)	(469.5)
Change in fair value of investments	3.1	140.6
Other income (Note 11)	8.9	17.3
Interest expense	(33.3)	(34.1)
Income before income taxes	259.6	467.9
Income tax provision (Note 14)	(46.9)	(89.2)
Net income (loss)	212.7	378.7
Net loss attributable to noncontrolling interests	(2.5)	(5.3)
Net income attributable to Rockwell Automation, Inc.	$ 215.2	$ 384
Earnings per share:
Basic (in usd per share)	$ 1.87	$ 3.33
Diluted (in usd per share)	$ 1.86	$ 3.31
Weighted average outstanding shares:
Basic (in shares)	114.6	114.8
Diluted (in shares)	115.2	115.5
Products and solutions
Sales
Sales	$ 1,833.2	$ 1,789.7
Cost of sales
Cost of sales	(1,130.1)	(1,044.7)
Services
Sales
Sales	218.9	191.3
Cost of sales
Cost of sales	$ (127.4)	$ (122.7)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 212.7	$ 378.7
Other comprehensive income (loss)
Pension and other postretirement benefit plan adjustments (net of tax benefit of $0.0 and $0.4)	0.1	(0.4)
Currency translation adjustments	84.2	85.8
Net change in cash flow hedges (net of tax benefit of $9.0 and $8.9)	(23.9)	(21.1)
Other comprehensive income (loss)	60.4	64.3
Comprehensive income	273.1	443
Comprehensive loss attributable to noncontrolling interests	(2.4)	(5.3)
Comprehensive income attributable to Rockwell Automation, Inc.	$ 275.5	$ 448.3

Consolidated Statement of Com_2

Consolidated Statement of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Pension and other postretirement benefit plan adjustments tax (expense) benefit	$ 0	$ 0.4
Net change in unrealized gains and losses on cash flow hedges tax (expense) benefit	$ 9	$ 8.9

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating activities:
Net income	$ 212.7	$ 378.7
Adjustments to arrive at cash provided by operating activities
Depreciation	38.8	29
Amortization of intangible assets	38.1	28.8
Change in fair value of investments	(3.1)	(140.6)
Share-based compensation expense	24.2	18.4
Retirement benefit expense (income)	4.5	(1.7)
Net loss on disposition of property	0.2	0.9
Pension contributions	(5.9)	(7)
Changes in assets and liabilities, excluding effects of acquisitions and foreign currency adjustments
Receivables	280.4	(32.6)
Inventories	(27.7)	(175.3)
Accounts payable	(200.3)	(29.8)
Contract liabilities	13.8	52.7
Compensation and benefits	(243.4)	(40.2)
Income taxes	1.6	73.1
Other assets and liabilities	(101.3)	(88.1)
Cash provided by operating activities	32.6	66.3
Investing activities:
Capital expenditures	(67.9)	(24.2)
Acquisition of businesses, net of cash acquired	(748.7)	(133.8)
Proceeds from sale of investments	0	144.8
Other investing activities	(0.8)	(5.1)
Cash used for investing activities	(817.4)	(18.3)
Financing activities:
Net issuance of short-term debt	409	206.9
Repayment of short-term debt	0	(18.8)
Cash dividends	(144)	(135.9)
Purchases of treasury stock	(120.3)	(156.8)
Proceeds from the exercise of stock options	11.6	13.4
Other financing activities	(22.1)	(14.1)
Cash provided by (used for) financing activities	134.2	(105.3)
Effect of exchange rate changes on cash	9.7	18
Decrease in cash, cash equivalents, and restricted cash	(640.9)	(39.3)
Cash, cash equivalents, and restricted cash at beginning of period	1,080.4	507.9
Cash, cash equivalents, and restricted cash at end of period	439.5	468.6
Components of cash, cash equivalents, and restricted cash
Cash and cash equivalents	439.5	460
Restricted cash, current (Other current assets)	0	8.6
Total cash, cash equivalents, and restricted cash	$ 439.5	$ 468.6

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, 2022		$ 3,016.7	$ 2,725.6	$ 181.4	$ 2,007.1	$ 8,411.8	$ (917.5)	$ (6,957.2)	$ 291.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		378.7	384			384			(5.3)
Other comprehensive income		64.3	64.3				64.3		0
Common stock issued (including share-based compensation impact)		32.8	32.8		8.6			24.2
Share repurchases		(156)	(156)					(156)
Cash dividends declared	[1]	(135.9)	(135.9)			(135.9)
Balance at end of period at Dec. 31, 2022		3,200.6	2,914.8	181.4	2,015.7	8,659.9	(853.2)	(7,089)	285.8
Balance at beginning of period at Sep. 30, 2023		3,743.4	3,561.6	181.4	2,102.5	9,255.2	(790.1)	(7,187.4)	181.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		212.7	215.2			215.2
Other comprehensive income		60.4	60.3				60.3		0.1
Common stock issued (including share-based compensation impact)		35.7	35.7		8.8			26.9
Share repurchases		(121.2)	(121.2)					(121.2)
Cash dividends declared	[1]	(143.9)	(143.9)			(143.9)
Balance at end of period at Dec. 31, 2023		$ 3,787.1	$ 3,607.7	$ 181.4	$ 2,111.3	$ 9,326.5	$ (729.8)	$ (7,281.7)	$ 179.4
[1] (1) Cash dividends were $1.25 per share and $1.18 per share in the three months ended December 31, 2023 and 2022, respectively.

Consolidated Statement of Sha_2

Consolidated Statement of Shareowners' Equity (Parenthetical) - $ / shares	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends per share (in usd per share)	$ 1.25	$ 1.18

Basis of Presentation and Accou

Basis of Presentation and Accounting Policies	3 Months Ended
	Dec. 31, 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, 2023. The results of operations for the three months ended December 31, 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 $19.3 million at December 31, 2023, and $16.8 million at September 30, 2023. The changes to our allowance for doubtful accounts during the three months ended December 31, 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 2023 2022 Net income attributable to Rockwell Automation, Inc. $ 215.2 $ 384.0 Less: Allocation to participating securities (1.0) (1.5) Net income available to common shareowners $ 214.2 $ 382.5 Basic weighted average outstanding shares 114.6 114.8 Effect of dilutive securities Stock options 0.6 0.6 Performance shares — 0.1 Diluted weighted average outstanding shares 115.2 115.5 Earnings per share: Basic $ 1.87 $ 3.33 Diluted $ 1.86 $ 3.31 For the three months ended December 31, 2023 and 2022, there were 0.5 million and 0.6 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 $20.5 million and $32.9 million were accrued within Accounts payable and Other current liabilities at December 31, 2023 and 2022, respectively. At December 31, 2023 and 2022, respectively, there were $1.1 million and $0.8 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. Supplier Financing Arrangements The Company maintains agreements with third-party financial institutions that offer voluntary supply chain financing (SCF) programs to suppliers. The SCF programs enable suppliers, at their sole discretion, to sell their receivables to third-party financial institutions in order to receive payment on receivables earlier than the negotiated commercial terms between suppliers and the Company. Supplier sale of receivables to third-party financial institutions is on terms negotiated between the supplier and the respective third-party financial institution. The Company agrees on commercial terms for the goods and services procured from suppliers, including prices, quantities, and payment terms, regardless of whether the supplier elects to participate in the SCF programs. A supplier’s voluntary participation in the SCF programs has no bearing on the Company's payment terms and the Company has no economic interest in a supplier’s decision to participate in the SCF programs. The Company agrees to pay participating third-party financial institutions the stated amount of confirmed invoices from suppliers on the original maturity dates of the invoices. Amounts outstanding related to SCF programs are included in Accounts payable in the Consolidated Balance Sheet and in changes in Accounts payable on the Consolidated Statement of Cash Flows. Accounts payable included approximately $117.5 million and $126.7 million related to these agreements as of December 31, 2023, and September 30, 2023, respectively. The impact of these programs is not material to the Company's overall liquidity. Recently Adopted Accounting Pronouncements In September 2022, the Financial Accounting Standards Board (FASB) issued a new standard that requires companies to apply Accounting Standards Codification (ASC) 405-50 to disclose supplier finance program obligations. We adopted the new standard as of October 1, 2023. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Recently Issued Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-08, which requires expanded interim and annual disclosures of segment information regularly provided to the chief operating decision maker (CODM), the title and position of the CODM, an explanation of how the CODM uses the information in assessing segment performance and deciding how to allocate resources, and an amount for other segment items by reportable segment and a description of its composition. We will expand our disclosures in our fiscal 2025 Annual Report on Form 10-K when the standard becomes effective for us. In December 2023, the FASB issued ASU 2023-09, which requires expanded annual disclosures to the income tax rate reconciliation and the amount of income taxes paid. We will expand our disclosures in our fiscal 2026 Annual Report on Form 10-K when the standard becomes effective for us. We do not expect any other recently issued accounting pronouncements to have a material impact on our Consolidated Financial Statements and related disclosures.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition 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. In most countries, we sell primarily through independent distributors in conjunction with our direct sales force. We sell large systems and service offerings principally through our direct sales force, though opportunities are sometimes identified through distributors. Unfulfilled Performance Obligations As of December 31, 2023, we expect to recognize approximately $1,121 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 December 31, 2023. Disaggregation of Revenue The following table presents our revenue disaggregation by geographic region for our three operating segments (in millions). We attribute sales to the geographic regions based on the country of destination. Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 Intelligent Devices Software & Control Lifecycle Services Total Intelligent Devices Software & Control Lifecycle Services Total North America $ 604.3 $ 386.6 $ 256.2 $ 1,247.1 $ 567.4 $ 384.1 $ 227.4 $ 1,178.9 Europe, Middle East, and Africa 166.6 99.8 121.9 388.3 171.2 85.8 115.8 372.8 Asia Pacific 97.9 79.0 98.7 275.6 131.3 68.4 96.8 296.5 Latin America 58.5 38.2 44.4 141.1 66.3 35.0 31.5 132.8 Total Company Sales $ 927.3 $ 603.6 $ 521.2 $ 2,052.1 $ 936.2 $ 573.3 $ 471.5 $ 1,981.0 Contract Liabilities Contract liabilities primarily relate to consideration received in advance of performance under the contract. Below is a summary of our Contract liabilities balance, the portion not expected to be recognized within twelve months is included within Other liabilities in the Consolidated Balance Sheet (in millions): December 31, 2023 December 31, 2022 Balance as of beginning of year $ 653.6 $ 541.3 Balance as of end of period 673.9 602.4 The most significant changes in our Contract liabilities balance during both the three months ended December 31, 2023 and 2022, were due to amounts billed, partially offset by revenue recognized that was included in the Contract liabilities balance at the beginning of the period and revenue recognized on amounts billed during the period. In the three months ended December 31, 2023, we recognized revenue of approximately $237.8 million that was included in the Contract liabilities balance at September 30, 2023. In the three months ended December 31, 2022, we recognized revenue of approximately $200.9 million that was included in the Contract liabilities balance at September 30, 2022. We did not have a material amount of revenue recognized in the three months ended December 31, 2023 and 2022, from performance obligations satisfied or partially satisfied in previous periods.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation We recognized $24.2 million and $18.4 million of pre-tax share-based compensation expense during the three months ended December 31, 2023 and 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): Three Months Ended December 31, 2023 2022 Grants Wtd. Avg. Grants Wtd. Avg. Stock options 217 $ 85.91 233 $ 77.62 Performance shares 79 295.06 66 340.77 Restricted stock units 235 276.46 211 259.67 Unrestricted stock 5 279.50 6 259.81

Inventories

Inventories	3 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of (in millions): December 31, 2023 September 30, 2023 Finished goods $ 569.9 $ 545.9 Work in process 367.5 395.7 Raw materials 536.6 463.3 Inventories $ 1,474.0 $ 1,404.9

Acquisitions

Acquisitions	3 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2024 Acquisitions In October 2023, we acquired Clearpath Robotics, Inc. (Clearpath), a company that specializes in autonomous robotics for industrial applications, headquartered in Ontario, Canada. 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 2, 2023. The preliminary aggregate purchase price allocation is as follows (in millions): Purchase Price Allocation Receivables $ 8.2 Inventory 22.1 Goodwill 267.0 Intangible assets 313.1 All other assets 10.8 Total assets acquired 621.2 Less: Liabilities assumed (12.7) Net assets acquired $ 608.5 Purchase Consideration Cash consideration, net of cash acquired $ 565.5 Contingent consideration 43.0 Total purchase consideration, net of cash acquired $ 608.5 Intangible assets identified include $269.6 million of technology, $41.6 million of trademarks, and $1.9 million of customer relationships. We assigned the full amount of goodwill and all other assets acquired to our Intelligent Devices segment. The goodwill recorded represents intangible assets that do not qualify for separate recognition. This goodwill arises because the purchase price for Clearpath reflects a number of factors including the future earnings and cash flow potential for the business and resulting synergies from the business portfolio and industry expertise. We do not expect the goodwill to be deductible for tax purposes. The intangible assets were valued using an income approach, specifically the relief from royalty method and multi-period excess earnings method. The relief from royalty method calculates value based on hypothetical payments that would be saved by owning an asset rather than licensing it. The multi-period excess earnings method is the isolation of cash flows from a single intangible asset and measures fair value by discounting them to present value. These values are considered level 3 measurements under the U.S. GAAP fair value hierarchy. The key assumption requiring the use of judgement in the valuation of the technology asset was the obsolescence factor, where we estimated a phase out over 12 years; other assumptions included forecasted revenue growth rates and margin and the discount rate. The key assumption requiring the use of judgement in the valuation of the trademarks asset was the weighted average royalty rate of 2.05 percent; other assumptions included forecasted revenue growth rates and the discount rate. The purchase price includes up to $50 million in contingent consideration dependent on future Clearpath revenue performance. We developed various risk-based scenarios and a probability outcome model to measure the fair value of the contingent consideration, which is considered a level 3 measurement under the U.S. GAAP fair value hierarchy. At the acquisition date and December 31, 2023, we determined the fair value of the contingent consideration to be $43.0 million, of which $17.5 million is recorded in Other current liabilities and $25.5 million in Other liabilities on the Consolidated Balance Sheet. In November 2023, we acquired Verve Industrial Protection (Verve), a cybersecurity software and services company that focuses specifically on industrial environments. We recorded assets acquired and liabilities assumed in connection with this acquisition based on their estimated fair values as of the acquisition date of November 1, 2023. The preliminary aggregate purchase price allocation is as follows (in millions): Purchase Price Allocation Receivables $ 8.0 Goodwill 133.0 Intangible assets 47.0 All other assets 1.4 Total assets acquired 189.4 Less: Liabilities assumed (6.2) Net assets acquired $ 183.2 Purchase Consideration Total purchase consideration, net of cash acquired $ 183.2 We assigned the full amount of goodwill to our Lifecycle Services segment. We expect the goodwill to be deductible for tax purposes. The goodwill recorded represents intangible assets that do not qualify for separate recognition. The allocations of the purchase prices 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. Pro forma consolidated sales for the three months ended December 31, 2023 and 2022, were $2.1 billion and $2.0 billion, respectively, and the impact on earnings was not material. The preceding pro forma consolidated financial results of operations are as if the preceding 2024 acquisitions occurred on October 1, 2022. 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 2024 acquisitions in the three months ended December 31, 2023 were $17.2 million. Total acquisition-related costs from all of the above 2024 acquisitions in the three months ended December 31, 2023, were not material. 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 assigned the full amount of goodwill related to this acquisition to our Intelligent Devices segment. In February 2023, we acquired Knowledge Lens, a services and solutions provider headquartered in Bengaluru, India. We assigned the full amount of goodwill related to this acquisition to our Lifecycle Services segment. We recorded assets acquired and liabilities assumed in connection with these acquisitions based on their estimated fair values as of the acquisition dates of October 31, 2022, and February 28, 2023, respectively. The aggregate purchase price allocation is as follows (in millions): Purchase Price Allocation Receivables $ 23.8 Inventories 17.7 Property 27.5 Goodwill 111.3 Other intangible assets 54.1 All other assets 21.0 Total assets acquired 255.4 Less: Liabilities assumed (12.6) Less: Deferred income taxes (56.6) Net assets acquired, excluding cash $ 186.2 Purchase Consideration Total purchase consideration, net of cash acquired $ 186.2 Pro forma consolidated sales for the three months ended December 31, 2022, were $2.0 billion, and the impact on earnings was not material. The preceding pro forma consolidated financial results of operations are as if the preceding 2023 acquisitions occurred on October 1, 2022. 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 months ended December 31, 2023 and 2022, were $26.8 million and $13.7 million, respectively. Total acquisition-related costs from all of the above 2023 acquisitions in the three months ended December 31, 2022, were not material.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Dec. 31, 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 three months ended December 31, 2023, were (in millions): Intelligent Devices Software & Control Lifecycle Services Total Balance as of September 30, 2023 $ 595.8 $ 2,420.1 $ 513.3 $ 3,529.2 Acquisition of businesses 267.0 — 133.0 400.0 Translation 16.9 13.5 7.1 37.5 Balance as of December 31, 2023 $ 879.7 $ 2,433.6 $ 653.4 $ 3,966.7 Gross carrying value of goodwill 879.7 2,433.6 810.9 4,124.2 Accumulated impairment losses — — (157.5) (157.5) Goodwill $ 879.7 $ 2,433.6 $ 653.4 $ 3,966.7 We perform our annual evaluation of goodwill and indefinite life intangible assets for impairment during the second quarter of each year, or more frequently, if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We assessed the changes in events and circumstances during the first quarter of 2024 and concluded that no triggering events, which would require interim quantitative testing, occurred. Other intangible assets consist of (in millions): December 31, 2023 Carrying Accumulated Net Amortized intangible assets Software products $ 105.1 $ 67.8 $ 37.3 Customer relationships 618.4 152.2 466.2 Technology 737.6 194.8 542.8 Trademarks 133.0 33.1 99.9 Other 5.7 5.2 0.5 Total amortized intangible assets 1,599.8 453.1 1,146.7 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,643.5 $ 453.1 $ 1,190.4 September 30, 2023 Carrying Accumulated Net Amortized intangible assets Software products $ 100.4 $ 65.1 $ 35.3 Customer relationships 606.1 141.3 464.8 Technology 424.1 173.1 251.0 Trademarks 86.3 29.3 57.0 Other 6.0 5.4 0.6 Total amortized intangible assets 1,222.9 414.2 808.7 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,266.6 $ 414.2 $ 852.4 Estimated total amortization expense for all amortized intangible assets is $153.5 million in 2024, $150.0 million in 2025, $148.7 million in 2026, $140.6 million in 2027, and $127.8 million in 2028.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	3 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	Short-Term and Long-Term Debt Our Short-term debt as of December 31, 2023, includes commercial paper borrowings of $407.0 million, with a weighted average interest rate of 5.41 percent, and a weighted average maturity period of 13 days. We had no commercial paper borrowings as of September 30, 2023. In December 2022, Sensia entered into an unsecured $75.0 million line of credit. As of December 31, 2023, and September 30, 2023, included in Short-term debt was $70.0 million borrowed against the line of credit with an interest rate of 6.25 percent and 6.29 percent, respectively. Also included in Short-term debt as of December 31, 2023, and September 30, 2023, is $23.5 million of interest-bearing loans from Schlumberger (SLB) to Sensia due December 31, 2024. The following table presents the carrying amounts and estimated fair values of Long-term debt in the Consolidated Balance Sheet (in millions): December 31, 2023 September 30, 2023 Carrying Value Fair Value Carrying Value Fair Value Current portion of long-term debt $ 9.9 $ 9.9 $ 8.6 $ 8.6 Long-term debt 2,863.0 2,623.1 2,862.9 2,442.6 We base the fair value of Long-term debt upon quoted market prices for the same or similar issues and therefore consider this a level 2 fair value measurement. The fair value of Long-term debt considers the terms of the debt excluding the impact of derivative and hedging activity. Refer to Note 9 for further information regarding levels in the fair value hierarchy. The carrying value of our Short-term debt approximates fair value.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities consist of (in millions): December 31, 2023 September 30, 2023 Unrealized losses on foreign exchange contracts $ 26.5 $ 10.8 Product warranty obligations 19.0 18.3 Taxes other than income taxes 48.8 56.9 Accrued interest 38.1 18.6 Income taxes payable 262.1 248.6 Operating lease liabilities 91.3 83.4 Other 122.8 130.8 Other current liabilities $ 608.6 $ 567.4

Investments

Investments	3 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Our investments consist of (in millions): December 31, 2023 September 30, 2023 Fixed income securities $ 0.6 $ 0.6 Equity securities (other) 98.5 96.0 Other 63.4 61.1 Total investments 162.5 157.7 Less: Short-term investments (1) (0.6) (0.6) Long-term investments $ 161.9 $ 157.1 (1) Short-term investments are included in Other current assets in the Consolidated Balance Sheet. Equity Securities Equity securities (other) consist of various securities that do not have a readily determinable fair value, which we account for using the measurement alternative under U.S. GAAP. These securities are recorded at the investment cost, less impairment, plus or minus observable price changes (in orderly transactions) of an identical or similar investment of the same issuer in the Consolidated Balance Sheet. Observable price changes are classified as level 2 in the fair value hierarchy, as described below. The carrying values at December 31, 2023, and September 30, 2023, include cumulative upward adjustments from observed price changes of $20.0 million and $17.5 million, respectively. 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 2023 2022 Net gain on equity securities (level 1) $ — $ 141.0 Net gain on equity securities (other) 2.5 — Equity method gain (loss) on Other investments 0.6 (0.4) Change in fair value of investments 3.1 140.6 Total net realized gain on equity securities — 33.9 Total net unrealized gain on equity securities $ 2.5 $ 107.1 Net gain on equity securities (level 1) in the prior year consisted of the change in fair value and gain on sale of shares of PTC Inc. (PTC) common stock (PTC Shares). As of September 30, 2023, all PTC Shares have been sold. U.S. GAAP defines fair value as the price that would be received for an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. U.S. GAAP also classifies the inputs used to measure fair value into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3: Unobservable inputs for the asset or liability. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while we believe our valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. We did not have any transfers between levels of fair value measurements during the period presented.

Retirement Benefits

Retirement Benefits	3 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The components of net periodic pension and postretirement benefit cost (credit) were (in millions): Pension Benefits Three Months Ended 2023 2022 Service cost $ 9.3 $ 10.6 Interest cost 36.6 39.2 Expected return on plan assets (42.2) (51.3) Amortization of net actuarial gain (0.3) (1.0) Net periodic pension benefit cost (credit) $ 3.4 $ (2.5) Other Postretirement Benefits Three Months Ended 2023 2022 Service cost $ 0.1 $ 0.1 Interest cost 0.6 0.6 Amortization of net actuarial loss 0.4 0.1 Net periodic postretirement benefit cost $ 1.1 $ 0.8 The service cost component is included in Cost of sales and Selling, general and administrative expenses in the Consolidated Statement of Operations. All other components are included in Other income in the Consolidated Statement of Operations.

Other Income

Other Income	3 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Other Income	Other Income The components of Other income were (in millions): Three Months Ended 2023 2022 Interest income $ 5.0 $ 1.3 Royalty income 2.8 2.5 Legacy product liability and environmental charges (5.0) (2.8) Non-operating pension and postretirement benefit credit 4.9 12.4 Other 1.2 3.9 Other income $ 8.9 $ 17.3

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Dec. 31, 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 December 31, 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, 2023 $ (407.1) $ (364.9) $ (18.1) $ (790.1) Other comprehensive income (loss) before reclassifications — 84.1 (17.7) 66.4 Amounts reclassified from accumulated other comprehensive loss 0.1 — (6.2) (6.1) Other comprehensive income (loss) 0.1 84.1 (23.9) 60.3 Balance as of December 31, 2023 $ (407.0) $ (280.8) $ (42.0) $ (729.8) Three Months Ended December 31, 2022 Pension and other postretirement benefit plan adjustments, net of tax Accumulated currency translation adjustments, net of tax Net unrealized losses on cash flow hedges, net of tax Total accumulated other comprehensive loss, net of tax Balance as of September 30, 2022 $ (447.8) $ (465.0) $ (4.7) $ (917.5) Other comprehensive income (loss) before reclassifications — 85.9 (12.0) 73.9 Amounts reclassified from accumulated other comprehensive loss (0.5) — (9.1) (9.6) Other comprehensive (loss) income (0.5) 85.9 (21.1) 64.3 Balance as of December 31, 2022 $ (448.3) $ (379.1) $ (25.8) $ (853.2) The reclassifications out of Accumulated other comprehensive loss in the Consolidated Statement of Operations were (in millions): Three Months Ended Affected Line in the Consolidated Statement of Operations 2023 2022 Pension and other postretirement benefit plan adjustments (1) Amortization of net actuarial loss (gain) $ 0.1 $ (0.9) Other income 0.1 (0.9) Income before income taxes — 0.4 Income tax provision $ 0.1 $ (0.5) Net income attributable to Rockwell Automation, Inc. Net unrealized (gains) losses on cash flow hedges Forward exchange contracts $ (1.3) $ (1.0) Sales Forward exchange contracts (8.1) (12.9) Cost of sales Forward exchange contracts — 0.3 Selling, general and administrative expenses Treasury locks related to 2019 and 2021 debt issuances 0.9 0.9 Interest expense (8.5) (12.7) Income before income taxes 2.3 3.6 Income tax provision $ (6.2) $ (9.1) Net income attributable to Rockwell Automation, Inc. Total reclassifications $ (6.1) $ (9.6) 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	3 Months Ended
	Dec. 31, 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 December 31, 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	3 Months Ended
	Dec. 31, 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 18.1 percent for the three months ended December 31, 2023, compared to 19.1 percent for the three months ended December 31, 2022. The effective tax rate was lower than the U.S. statutory rate of 21 percent for the three months ended December 31, 2023, and December 31, 2022, primarily due to the geographical mix of pre-tax income. An income tax liability of $175.3 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 December 31, 2023, and September 30, 2023, is recorded in Other liabilities in the Consolidated Balance Sheet. Unrecognized Tax Benefits The amount of gross unrecognized tax benefits was $10.8 million at December 31, 2023, and $9.8 million at September 30, 2023, of which the entire amount would reduce our effective tax rate if recognized. Accrued interest and penalties related to unrecognized tax benefits were $1.0 million at December 31, 2023, and $0.9 million at September 30, 2023. 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 $2.3 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	3 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Sales and operating results of our reportable segments were (in millions): Three Months Ended 2023 2022 Sales Intelligent Devices $ 927.3 $ 936.2 Software & Control 603.6 573.3 Lifecycle Services 521.2 471.5 Total $ 2,052.1 $ 1,981.0 Segment operating earnings Intelligent Devices $ 150.2 $ 209.4 Software & Control 151.0 167.3 Lifecycle Services 54.3 24.3 Total 355.5 401.0 Purchase accounting depreciation and amortization (35.6) (26.0) Corporate and other (40.0) (27.3) Non-operating pension and postretirement benefit credit 4.9 12.4 Change in fair value of investments 3.1 140.6 Interest expense, net (28.3) (32.8) Income before income taxes $ 259.6 $ 467.9 Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before purchase accounting depreciation and amortization, corporate and other, non-operating pension and postretirement benefit credit, change in fair value of investments, interest expense, net, and income tax provision. Depending on the product, intersegment sales within a single legal entity are either at cost or cost plus a mark-up, which does not necessarily represent a market price. Sales between legal entities are at an appropriate transfer price. We allocate costs related to shared segment operating activities to the segments consistent with the methodology used by management to assess segment performance.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 215.2	$ 384

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	November 28, 2023
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Robert L. Buttermore [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Robert L. Buttermore, Senior Vice President and Chief Supply Chain Officer, adopted a Rule 10b5-1 trading arrangement on November 30, 2023, that will terminate on the earlier of February 28, 2025, or the execution of all trades in the trading arrangement. Mr. Buttermore’s trading arrangement covers the sale of (i) 1,664 long shares of the Company's common stock and (ii) 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	Robert L. Buttermore
Title	Senior Vice President and Chief Supply Chain Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 30, 2023
Arrangement Duration	456 days
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 November 29, 2023, that will terminate on the earlier of December 31, 2024, 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	November 29, 2023
Arrangement Duration	398 days
Scott A. Genereux [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Scott A. Genereux, Senior Vice President and Chief Revenue Officer, adopted a Rule 10b5-1 trading arrangement on November 30, 2023, that will terminate on the earlier of December 31, 2024, or the execution of all trades in the trading arrangement. Mr. Genereux’s trading arrangement covers the sale of (i) 2,000 long shares of the Company's common stock and (ii) 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	Scott A. Genereux
Title	Senior Vice President and Chief Revenue Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 30, 2023
Arrangement Duration	397 days
Rebecca W. House [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Rebecca W. House, Senior Vice President, Chief People and Legal Officer and Secretary, adopted a Rule 10b5-1 trading arrangement on November 29, 2023, that will terminate on the earlier of December 31, 2024, or the execution of all trades in the trading arrangement. Ms. House’s trading arrangement covers the (i) exercise of 13,900 stock options and the sale of the underlying shares of the Company's common stock and (i) 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	Rebecca W. House
Title	Senior Vice President, Chief People and Legal Officer and Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 29, 2023
Arrangement Duration	398 days
Aggregate Available	13,900
Frank C. Kulaszewicz [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Frank C. Kulaszewicz, Senior Vice President, adopted a Rule 10b5-1 trading arrangement on November 28, 2023, that will terminate on the earlier of May 31, 2024, or the execution of all trades in the trading arrangement. Mr. Kulaszewicz’s trading arrangement covers the (i) sale of 466 long shares of the Company's common stock and (ii) exercise of 6,000 stock options and the sale of the underlying shares of the Company's common stock.
Name	Frank C. Kulaszewicz
Title	Senior Vice President
Rule 10b5-1 Arrangement Adopted	true
Arrangement Duration	185 days
John M. Miller [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	John M. Miller, Vice President and Chief Intellectual Property Counsel, adopted a Rule 10b5-1 trading arrangement on November 30, 2023, that will terminate on the earlier of December 31, 2024, or the execution of all trades in the trading arrangement. Mr. Miller’s trading arrangement covers the (i) exercise of 934 stock options and the sale of the underlying shares of the Company's common stock and (ii) 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 M. Miller
Title	Vice President and Chief Intellectual Property Counsel
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 30, 2023
Arrangement Duration	397 days
Tessa M. Meyers [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Tessa M. Myers, Senior Vice President, Intelligent Devices, adopted a Rule 10b5-1 trading arrangement on November 30, 2023, that will terminate on the earlier of June 10, 2024, or the execution of all trades in the trading arrangement. Ms. Myers’ trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on an upcoming restricted stock unit vest.
Name	Tessa M. Myers
Title	Senior Vice President, Intelligent Devices
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 30, 2023
Arrangement Duration	193 days
Christopher Nardecchia [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Christopher Nardecchia, Senior Vice President and Chief Information Officer, adopted a Rule 10b5-1 trading arrangement on November 30, 2023, that will terminate on the earlier of December 31, 2024, or the execution of all trades in the trading arrangement. Mr. Nardecchia’s trading arrangement covers the (i) exercise of 7,000 stock options and the sale of the underlying shares of the Company's common stock and (ii) 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	Christopher Nardecchia
Title	Senior Vice President and Chief Information Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 30, 2023
Arrangement Duration	397 days
Terry L. Riesterer [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Terry L. Riesterer, Vice President and Controller, adopted a Rule 10b5-1 trading arrangement on November 27, 2023, that will terminate on the earlier of December 31, 2024, or the execution of all trades in the trading arrangement. Mr. Riesterer’s trading arrangement covers the (i) exercise of 2,100 stock options and the sale of the underlying shares of the Company's common stock and (ii) 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	Terry L. Riesterer
Title	Vice President and Controller
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 27, 2023
Arrangement Duration	400 days
Isaac R. Woods [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Isaac R. Woods, Vice President and Treasurer, adopted a Rule 10b5-1 trading arrangement on November 29, 2023, that will terminate on the earlier of December 31, 2024, or the execution of all trades in the trading arrangement. Mr. Woods’ trading arrangement covers the sale of (i) 300 long shares of the Company's common stock and (ii) 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	Isaac R. Woods
Title	Vice President and Treasurer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 29, 2023
Arrangement Duration	398 days
Long Shares [Member] | Robert L. Buttermore [Member]
Trading Arrangements, by Individual
Aggregate Available	1,664
Long Shares [Member] | Scott A. Genereux [Member]
Trading Arrangements, by Individual
Aggregate Available	2,000
Long Shares [Member] | Frank C. Kulaszewicz [Member]
Trading Arrangements, by Individual
Aggregate Available	466
Long Shares [Member] | Isaac R. Woods [Member]
Trading Arrangements, by Individual
Aggregate Available	300
Employee Stock Option [Member] | Frank C. Kulaszewicz [Member]
Trading Arrangements, by Individual
Aggregate Available	6,000
Employee Stock Option [Member] | John M. Miller [Member]
Trading Arrangements, by Individual
Aggregate Available	934
Employee Stock Option [Member] | Christopher Nardecchia [Member]
Trading Arrangements, by Individual
Aggregate Available	7,000
Employee Stock Option [Member] | Terry L. Riesterer [Member]
Trading Arrangements, by Individual
Aggregate Available	2,100

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Receivables	Receivables
Supplier Financing Arrangements	Supplier Financing Arrangements
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In September 2022, the Financial Accounting Standards Board (FASB) issued a new standard that requires companies to apply Accounting Standards Codification (ASC) 405-50 to disclose supplier finance program obligations. We adopted the new standard as of October 1, 2023. The adoption of this standard did not have a material impact on our Consolidated Financial Statements. Recently Issued Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-08, which requires expanded interim and annual disclosures of segment information regularly provided to the chief operating decision maker (CODM), the title and position of the CODM, an explanation of how the CODM uses the information in assessing segment performance and deciding how to allocate resources, and an amount for other segment items by reportable segment and a description of its composition. We will expand our disclosures in our fiscal 2025 Annual Report on Form 10-K when the standard becomes effective for us. In December 2023, the FASB issued ASU 2023-09, which requires expanded annual disclosures to the income tax rate reconciliation and the amount of income taxes paid. We will expand our disclosures in our fiscal 2026 Annual Report on Form 10-K when the standard becomes effective for us. 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 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.

Basis of Presentation and Acc_3

Basis of Presentation and Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 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 2023 2022 Net income attributable to Rockwell Automation, Inc. $ 215.2 $ 384.0 Less: Allocation to participating securities (1.0) (1.5) Net income available to common shareowners $ 214.2 $ 382.5 Basic weighted average outstanding shares 114.6 114.8 Effect of dilutive securities Stock options 0.6 0.6 Performance shares — 0.1 Diluted weighted average outstanding shares 115.2 115.5 Earnings per share: Basic $ 1.87 $ 3.33 Diluted $ 1.86 $ 3.31

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our revenue disaggregation by geographic region for our three operating segments (in millions). We attribute sales to the geographic regions based on the country of destination. Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 Intelligent Devices Software & Control Lifecycle Services Total Intelligent Devices Software & Control Lifecycle Services Total North America $ 604.3 $ 386.6 $ 256.2 $ 1,247.1 $ 567.4 $ 384.1 $ 227.4 $ 1,178.9 Europe, Middle East, and Africa 166.6 99.8 121.9 388.3 171.2 85.8 115.8 372.8 Asia Pacific 97.9 79.0 98.7 275.6 131.3 68.4 96.8 296.5 Latin America 58.5 38.2 44.4 141.1 66.3 35.0 31.5 132.8 Total Company Sales $ 927.3 $ 603.6 $ 521.2 $ 2,052.1 $ 936.2 $ 573.3 $ 471.5 $ 1,981.0
Contract Balances	Below is a summary of our Contract liabilities balance, the portion not expected to be recognized within twelve months is included within Other liabilities in the Consolidated Balance Sheet (in millions): December 31, 2023 December 31, 2022 Balance as of beginning of year $ 653.6 $ 541.3 Balance as of end of period 673.9 602.4

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Dec. 31, 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): Three Months Ended December 31, 2023 2022 Grants Wtd. Avg. Grants Wtd. Avg. Stock options 217 $ 85.91 233 $ 77.62 Performance shares 79 295.06 66 340.77 Restricted stock units 235 276.46 211 259.67 Unrestricted stock 5 279.50 6 259.81

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of (in millions): December 31, 2023 September 30, 2023 Finished goods $ 569.9 $ 545.9 Work in process 367.5 395.7 Raw materials 536.6 463.3 Inventories $ 1,474.0 $ 1,404.9

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Dec. 31, 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 $ 8.2 Inventory 22.1 Goodwill 267.0 Intangible assets 313.1 All other assets 10.8 Total assets acquired 621.2 Less: Liabilities assumed (12.7) Net assets acquired $ 608.5 Purchase Consideration Cash consideration, net of cash acquired $ 565.5 Contingent consideration 43.0 Total purchase consideration, net of cash acquired $ 608.5 Purchase Price Allocation Receivables $ 8.0 Goodwill 133.0 Intangible assets 47.0 All other assets 1.4 Total assets acquired 189.4 Less: Liabilities assumed (6.2) Net assets acquired $ 183.2 Purchase Consideration Total purchase consideration, net of cash acquired $ 183.2 Purchase Price Allocation Receivables $ 23.8 Inventories 17.7 Property 27.5 Goodwill 111.3 Other intangible assets 54.1 All other assets 21.0 Total assets acquired 255.4 Less: Liabilities assumed (12.6) Less: Deferred income taxes (56.6) Net assets acquired, excluding cash $ 186.2 Purchase Consideration Total purchase consideration, net of cash acquired $ 186.2

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of Goodwill for the three months ended December 31, 2023, were (in millions): Intelligent Devices Software & Control Lifecycle Services Total Balance as of September 30, 2023 $ 595.8 $ 2,420.1 $ 513.3 $ 3,529.2 Acquisition of businesses 267.0 — 133.0 400.0 Translation 16.9 13.5 7.1 37.5 Balance as of December 31, 2023 $ 879.7 $ 2,433.6 $ 653.4 $ 3,966.7 Gross carrying value of goodwill 879.7 2,433.6 810.9 4,124.2 Accumulated impairment losses — — (157.5) (157.5) Goodwill $ 879.7 $ 2,433.6 $ 653.4 $ 3,966.7
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class	Other intangible assets consist of (in millions): December 31, 2023 Carrying Accumulated Net Amortized intangible assets Software products $ 105.1 $ 67.8 $ 37.3 Customer relationships 618.4 152.2 466.2 Technology 737.6 194.8 542.8 Trademarks 133.0 33.1 99.9 Other 5.7 5.2 0.5 Total amortized intangible assets 1,599.8 453.1 1,146.7 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,643.5 $ 453.1 $ 1,190.4 September 30, 2023 Carrying Accumulated Net Amortized intangible assets Software products $ 100.4 $ 65.1 $ 35.3 Customer relationships 606.1 141.3 464.8 Technology 424.1 173.1 251.0 Trademarks 86.3 29.3 57.0 Other 6.0 5.4 0.6 Total amortized intangible assets 1,222.9 414.2 808.7 Allen-Bradley ® trademark not subject to amortization 43.7 — 43.7 Other intangible assets $ 1,266.6 $ 414.2 $ 852.4

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	3 Months Ended
	Dec. 31, 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): December 31, 2023 September 30, 2023 Carrying Value Fair Value Carrying Value Fair Value Current portion of long-term debt $ 9.9 $ 9.9 $ 8.6 $ 8.6 Long-term debt 2,863.0 2,623.1 2,862.9 2,442.6

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other current liabilities consist of (in millions): December 31, 2023 September 30, 2023 Unrealized losses on foreign exchange contracts $ 26.5 $ 10.8 Product warranty obligations 19.0 18.3 Taxes other than income taxes 48.8 56.9 Accrued interest 38.1 18.6 Income taxes payable 262.1 248.6 Operating lease liabilities 91.3 83.4 Other 122.8 130.8 Other current liabilities $ 608.6 $ 567.4

Investments (Tables)

Investments (Tables)	3 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Our investments consist of (in millions): December 31, 2023 September 30, 2023 Fixed income securities $ 0.6 $ 0.6 Equity securities (other) 98.5 96.0 Other 63.4 61.1 Total investments 162.5 157.7 Less: Short-term investments (1) (0.6) (0.6) Long-term investments $ 161.9 $ 157.1 (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 2023 2022 Net gain on equity securities (level 1) $ — $ 141.0 Net gain on equity securities (other) 2.5 — Equity method gain (loss) on Other investments 0.6 (0.4) Change in fair value of investments 3.1 140.6 Total net realized gain on equity securities — 33.9 Total net unrealized gain on equity securities $ 2.5 $ 107.1

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension and postretirement benefit cost (credit) were (in millions): Pension Benefits Three Months Ended 2023 2022 Service cost $ 9.3 $ 10.6 Interest cost 36.6 39.2 Expected return on plan assets (42.2) (51.3) Amortization of net actuarial gain (0.3) (1.0) Net periodic pension benefit cost (credit) $ 3.4 $ (2.5) Other Postretirement Benefits Three Months Ended 2023 2022 Service cost $ 0.1 $ 0.1 Interest cost 0.6 0.6 Amortization of net actuarial loss 0.4 0.1 Net periodic postretirement benefit cost $ 1.1 $ 0.8

Other Income (Tables)

Other Income (Tables)	3 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Components of Other Income Expense	The components of Other income were (in millions): Three Months Ended 2023 2022 Interest income $ 5.0 $ 1.3 Royalty income 2.8 2.5 Legacy product liability and environmental charges (5.0) (2.8) Non-operating pension and postretirement benefit credit 4.9 12.4 Other 1.2 3.9 Other income $ 8.9 $ 17.3

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Dec. 31, 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 December 31, 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, 2023 $ (407.1) $ (364.9) $ (18.1) $ (790.1) Other comprehensive income (loss) before reclassifications — 84.1 (17.7) 66.4 Amounts reclassified from accumulated other comprehensive loss 0.1 — (6.2) (6.1) Other comprehensive income (loss) 0.1 84.1 (23.9) 60.3 Balance as of December 31, 2023 $ (407.0) $ (280.8) $ (42.0) $ (729.8) Three Months Ended December 31, 2022 Pension and other postretirement benefit plan adjustments, net of tax Accumulated currency translation adjustments, net of tax Net unrealized losses on cash flow hedges, net of tax Total accumulated other comprehensive loss, net of tax Balance as of September 30, 2022 $ (447.8) $ (465.0) $ (4.7) $ (917.5) Other comprehensive income (loss) before reclassifications — 85.9 (12.0) 73.9 Amounts reclassified from accumulated other comprehensive loss (0.5) — (9.1) (9.6) Other comprehensive (loss) income (0.5) 85.9 (21.1) 64.3 Balance as of December 31, 2022 $ (448.3) $ (379.1) $ (25.8) $ (853.2)
Reclassification out of Accumulated Other Comprehensive Income	The reclassifications out of Accumulated other comprehensive loss in the Consolidated Statement of Operations were (in millions): Three Months Ended Affected Line in the Consolidated Statement of Operations 2023 2022 Pension and other postretirement benefit plan adjustments (1) Amortization of net actuarial loss (gain) $ 0.1 $ (0.9) Other income 0.1 (0.9) Income before income taxes — 0.4 Income tax provision $ 0.1 $ (0.5) Net income attributable to Rockwell Automation, Inc. Net unrealized (gains) losses on cash flow hedges Forward exchange contracts $ (1.3) $ (1.0) Sales Forward exchange contracts (8.1) (12.9) Cost of sales Forward exchange contracts — 0.3 Selling, general and administrative expenses Treasury locks related to 2019 and 2021 debt issuances 0.9 0.9 Interest expense (8.5) (12.7) Income before income taxes 2.3 3.6 Income tax provision $ (6.2) $ (9.1) Net income attributable to Rockwell Automation, Inc. Total reclassifications $ (6.1) $ (9.6) 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)	3 Months Ended
	Dec. 31, 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 2023 2022 Sales Intelligent Devices $ 927.3 $ 936.2 Software & Control 603.6 573.3 Lifecycle Services 521.2 471.5 Total $ 2,052.1 $ 1,981.0 Segment operating earnings Intelligent Devices $ 150.2 $ 209.4 Software & Control 151.0 167.3 Lifecycle Services 54.3 24.3 Total 355.5 401.0 Purchase accounting depreciation and amortization (35.6) (26.0) Corporate and other (40.0) (27.3) Non-operating pension and postretirement benefit credit 4.9 12.4 Change in fair value of investments 3.1 140.6 Interest expense, net (28.3) (32.8) Income before income taxes $ 259.6 $ 467.9

Basis of Presentation and Acc_4

Basis of Presentation and Accounting Policies - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 19.3		$ 16.8
Antidilutive share-based compensation awards (in shares)	0.5	0.6
Capital expenditures in accounts payable or other current liabilities at period end	$ 20.5	$ 32.9
Outstanding purchase of common stock recorded in accounts payable	1.1	$ 0.8
Supplier finance program, obligation	$ 117.5		$ 126.7

Basis of Presentation and Acc_5

Basis of Presentation and Accounting Policies - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciled Basic and Diluted EPS
Net income attributable to Rockwell Automation, Inc.	$ 215.2	$ 384
Less: Allocation to participating securities	(1)	(1.5)
Net income available to common shareowners	$ 214.2	$ 382.5
Basic weighted average outstanding shares (in shares)	114.6	114.8
Effect of dilutive securities
Stock options (in shares)	0.6	0.6
Performance shares (in shares)	0	0.1
Diluted weighted average outstanding shares (in shares)	115.2	115.5
Earnings per share:
Basic (in usd per share)	$ 1.87	$ 3.33
Diluted (in usd per share)	$ 1.86	$ 3.31

Revenue Recognition - Performan

Revenue Recognition - Performance Obligation (Details) $ in Millions	Dec. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized in future periods	$ 1,121
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
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	3 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Number of operating segments | segment	3
Contract with customer, liability, revenue recognized	$ 237.8	$ 200.9
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 0	$ 0

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue by Operating Segment and by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Sales	$ 2,052.1	$ 1,981
North America
Disaggregation of Revenue [Line Items]
Sales	1,247.1	1,178.9
Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Sales	388.3	372.8
Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	275.6	296.5
Latin America
Disaggregation of Revenue [Line Items]
Sales	141.1	132.8
Intelligent Devices
Disaggregation of Revenue [Line Items]
Sales	927.3	936.2
Intelligent Devices | North America
Disaggregation of Revenue [Line Items]
Sales	604.3	567.4
Intelligent Devices | Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Sales	166.6	171.2
Intelligent Devices | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	97.9	131.3
Intelligent Devices | Latin America
Disaggregation of Revenue [Line Items]
Sales	58.5	66.3
Software & Control
Disaggregation of Revenue [Line Items]
Sales	603.6	573.3
Software & Control | North America
Disaggregation of Revenue [Line Items]
Sales	386.6	384.1
Software & Control | Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Sales	99.8	85.8
Software & Control | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	79	68.4
Software & Control | Latin America
Disaggregation of Revenue [Line Items]
Sales	38.2	35
Lifecycle Services
Disaggregation of Revenue [Line Items]
Sales	521.2	471.5
Lifecycle Services | North America
Disaggregation of Revenue [Line Items]
Sales	256.2	227.4
Lifecycle Services | Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Sales	121.9	115.8
Lifecycle Services | Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	98.7	96.8
Lifecycle Services | Latin America
Disaggregation of Revenue [Line Items]
Sales	$ 44.4	$ 31.5

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Contract With Customer, Liability [Roll Forward]
Balance as of beginning of year	$ 653.6	$ 602.4	$ 541.3
Balance as of end of period	$ 673.9	$ 653.6	$ 602.4

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation (Textual) [Abstract]
Pre-tax share-based compensation expense	$ 24.2	$ 18.4
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	217	233
Weighted average share fair value (usd per share)	$ 85.91	$ 77.62
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	79	66
Weighted average share fair value (usd per share)	$ 295.06	$ 340.77
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	235	211
Weighted average share fair value (usd per share)	$ 276.46	$ 259.67
Unrestricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants (in shares)	5	6
Weighted average share fair value (usd per share)	$ 279.50	$ 259.81

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Inventories
Finished goods	$ 569.9	$ 545.9
Work in process	367.5	395.7
Raw materials	536.6	463.3
Inventories	$ 1,474	$ 1,404.9

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions				3 Months Ended
	Nov. 01, 2023	Oct. 02, 2023	Oct. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill				$ 3,966.7		$ 3,529.2
Payments to Acquire Businesses, Net of Cash Acquired				$ 748.7	$ 133.8
Clearpath Robotics
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Receivables		$ 8.2
Inventories		22.1
Goodwill		267
Other intangible assets		313.1
All other assets		10.8
Total assets acquired		621.2
Less: Liabilities assumed		(12.7)
Net assets acquired		608.5
Payments to Acquire Businesses, Net of Cash Acquired		565.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Total purchase consideration, net of cash acquired		608.5
Contingent consideration		43
Total purchase consideration, net of cash acquired		608.5
Clearpath Robotics | Patented Technology
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Other intangible assets		269.6
Clearpath Robotics | Trademarks
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Other intangible assets		41.6
Clearpath Robotics | Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Other intangible assets		$ 1.9
Verve Industrial Protection
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Receivables	$ 8
Goodwill	133
Other intangible assets	47
All other assets	1.4
Total assets acquired	189.4
Less: Liabilities assumed	(6.2)
Net assets acquired	183.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Total purchase consideration, net of cash acquired	183.2
Total purchase consideration, net of cash acquired	$ 183.2
CUBIC
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Receivables			$ 23.8
Inventories			17.7
Property			27.5
Goodwill			111.3
Other intangible assets			54.1
All other assets			21
Total assets acquired			255.4
Less: Liabilities assumed			(12.6)
Less: Deferred income taxes			(56.6)
Net assets acquired			186.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Total purchase consideration, net of cash acquired			186.2
Total purchase consideration, net of cash acquired			$ 186.2

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions		3 Months Ended
	Oct. 02, 2023	Dec. 31, 2023	Dec. 31, 2022	Nov. 01, 2023
Fiscal 2024 Acquisitions
Business Acquisition [Line Items]
Pro forma revenue		$ 2,100	$ 2,000
Pro forma earnings		0	0
Sales		17.2
Acquisition related costs		0
Clearpath Robotics
Business Acquisition [Line Items]
Intangible assets	$ 313.1
Obsolescence factor phase out period	12 years
Weighted average royalty rate	2.05%
Contingent consideration range of outcomes, value, high				$ 50
Contingent consideration		43		43
Clearpath Robotics | Other Current Liabilities
Business Acquisition [Line Items]
Contingent consideration				17.5
Clearpath Robotics | Other Liabilities
Business Acquisition [Line Items]
Contingent consideration				$ 25.5
Fiscal 2023 Acquisitions
Business Acquisition [Line Items]
Sales		26.8	$ 13.7
Acquisition related costs		0
Fiscal Year 2022 Acquisitions
Business Acquisition [Line Items]
Acquisition related costs		$ 0
Customer Relationships | Clearpath Robotics
Business Acquisition [Line Items]
Intangible assets	$ 1.9
Patented Technology | Clearpath Robotics
Business Acquisition [Line Items]
Intangible assets	269.6
Trademarks | Clearpath Robotics
Business Acquisition [Line Items]
Intangible assets	$ 41.6

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Dec. 31, 2023 USD ($)
Goodwill
Balance at beginning of period	$ 3,529.2
Acquisition of businesses	400
Translation	37.5
Balance at end of period	3,966.7
Gross carrying value of goodwill	4,124.2
Accumulated impairment losses	(157.5)
Intelligent Devices
Goodwill
Balance at beginning of period	595.8
Acquisition of businesses	267
Translation	16.9
Balance at end of period	879.7
Gross carrying value of goodwill	879.7
Accumulated impairment losses	0
Software & Control
Goodwill
Balance at beginning of period	2,420.1
Acquisition of businesses	0
Translation	13.5
Balance at end of period	2,433.6
Gross carrying value of goodwill	2,433.6
Accumulated impairment losses	0
Lifecycle Services
Goodwill
Balance at beginning of period	513.3
Acquisition of businesses	133
Translation	7.1
Balance at end of period	653.4
Gross carrying value of goodwill	810.9
Accumulated impairment losses	$ (157.5)

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Other intangible assets
Amortized intangible assets, carrying amount	$ 1,599.8	$ 1,222.9
Amortized intangible assets, accumulated amortization	453.1	414.2
Amortized intangible assets, net	1,146.7	808.7
Total, carrying amount	1,643.5	1,266.6
Total, net	1,190.4	852.4
Goodwill and Other Intangible Assets (Textual) [Abstract]
Estimated amortization expense in 2023	153.5
Estimated amortization expense in 2024	150
Estimated amortization expense in 2025	148.7
Estimated amortization expense in 2026	140.6
Estimated amortization expense in 2027	127.8
Trademarks
Other intangible assets
Allen-Bradley trademark not subject to amortization	43.7	43.7
Software products
Other intangible assets
Amortized intangible assets, carrying amount	105.1	100.4
Amortized intangible assets, accumulated amortization	67.8	65.1
Amortized intangible assets, net	37.3	35.3
Customer relationships
Other intangible assets
Amortized intangible assets, carrying amount	618.4	606.1
Amortized intangible assets, accumulated amortization	152.2	141.3
Amortized intangible assets, net	466.2	464.8
Technology
Other intangible assets
Amortized intangible assets, carrying amount	737.6	424.1
Amortized intangible assets, accumulated amortization	194.8	173.1
Amortized intangible assets, net	542.8	251
Trademarks
Other intangible assets
Amortized intangible assets, carrying amount	133	86.3
Amortized intangible assets, accumulated amortization	33.1	29.3
Amortized intangible assets, net	99.9	57
Other
Other intangible assets
Amortized intangible assets, carrying amount	5.7	6
Amortized intangible assets, accumulated amortization	5.2	5.4
Amortized intangible assets, net	$ 0.5	$ 0.6

Short-Term and Long-Term Debt -

Short-Term and Long-Term Debt - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Short-term debt	$ 501.4	$ 94.7
Commercial Paper
Debt Instrument [Line Items]
Short-term debt	$ 407
Debt, weighted average interest rate	5.41%
Debt instrument, term	13 days
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 75
Unsecured line of credit, amount borrowed	$ 70
Stated interest rate	6.25%	6.29%
Interest Bearing Loan
Debt Instrument [Line Items]
Short-term debt	$ 23.5	$ 23.5

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Debt Instrument [Line Items]
Current portion of long-term debt	$ 9.9	$ 8.6
Reported Value Measurement
Debt Instrument [Line Items]
Current portion of long-term debt	9.9	8.6
Long-term debt	2,863	2,862.9
Estimate of Fair Value Measurement
Debt Instrument [Line Items]
Current portion of long-term debt	9.9	8.6
Estimate of Fair Value Measurement | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt	$ 2,623.1	$ 2,442.6

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Other current liabilities
Unrealized losses on foreign exchange contracts	$ 26.5	$ 10.8
Product warranty obligations	19	18.3
Taxes other than income taxes	48.8	56.9
Accrued interest	38.1	18.6
Income taxes payable	262.1	248.6
Operating lease liabilities	91.3	83.4
Other	122.8	130.8
Other current liabilities	$ 608.6	$ 567.4

Investments - Summary of Invest

Investments - Summary of Investments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Fixed income securities	$ 0.6	$ 0.6
Equity securities (other)	98.5	96
Other	63.4	61.1
Total investments	162.5	157.7
Less: Short-term Investments	(0.6)	(0.6)
Long-term investments	$ 161.9	$ 157.1

Investments - Gains and Losses

Investments - Gains and Losses on Investments within Change in Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net gain on equity securities (level 1)	$ 0	$ 141
Net gain on equity securities (other)	2.5	0
Equity method gain (loss) on Other investments	0.6	(0.4)
Change in fair value of investments	3.1	140.6
Total net realized gain on equity securities	2.5	33.9
Total net unrealized gain on equity securities	$ 0	$ 107.1

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Equity securities without readily determinable fair value, upward price adjustment, cumulative amount	$ 20	$ 17.5

Retirement Benefits - Component

Retirement Benefits - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Components of net periodic benefit cost (income)
Service cost	$ 9.3	$ 10.6
Interest cost	36.6	39.2
Expected return on plan assets	(42.2)	(51.3)
Amortization [Abstract]
Amortization of net actuarial gain	(0.3)	(1)
Net periodic postretirement benefit cost	3.4	(2.5)
Other Postretirement Benefits
Components of net periodic benefit cost (income)
Service cost	0.1	0.1
Interest cost	0.6	0.6
Amortization [Abstract]
Amortization of net actuarial gain	0.4	0.1
Net periodic postretirement benefit cost	$ 1.1	$ 0.8

Other Income (Details)

Other Income (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Interest income	$ 5	$ 1.3
Royalty income	2.8	2.5
Legacy product liability and environmental charges	(5)	(2.8)
Non-operating pension and postretirement benefit credit	4.9	12.4
Other	$ 1.2	$ 3.9

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,743.4	$ 3,016.7
Other comprehensive income (loss)	60.4	64.3
Balance at end of period	3,787.1	3,200.6
Total accumulated other comprehensive loss, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(790.1)	(917.5)
Other comprehensive income (loss) before reclassifications	66.4	73.9
Amounts reclassified from accumulated other comprehensive loss	(6.1)	(9.6)
Other comprehensive income (loss)	60.3	64.3
Balance at end of period	(729.8)	(853.2)
Pension and other postretirement benefit plan adjustments, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(407.1)	(447.8)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	0.1	(0.5)
Other comprehensive income (loss)	0.1	(0.5)
Balance at end of period	(407)	(448.3)
Accumulated currency translation adjustments, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(364.9)	(465)
Other comprehensive income (loss) before reclassifications	84.1	85.9
Amounts reclassified from accumulated other comprehensive loss	0	0
Other comprehensive income (loss)	84.1	85.9
Balance at end of period	(280.8)	(379.1)
Net unrealized losses on cash flow hedges, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(18.1)	(4.7)
Other comprehensive income (loss) before reclassifications	(17.7)	(12)
Amounts reclassified from accumulated other comprehensive loss	(6.2)	(9.1)
Other comprehensive income (loss)	(23.9)	(21.1)
Balance at end of period	$ (42)	$ (25.8)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications out of Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income	$ 8.9	$ 17.3
Sales	2,052.1	1,981
Cost of sales	(1,257.5)	(1,167.4)
Selling, general and administrative expenses	(513.7)	(469.5)
Interest expense	(33.3)	(34.1)
Income before income taxes	259.6	467.9
Income tax provision (Note 14)	(46.9)	(89.2)
Net income attributable to Rockwell Automation, Inc.	215.2	384
Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income attributable to Rockwell Automation, Inc.	(6.1)	(9.6)
Pension and other postretirement benefit plan adjustments | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	0.1	(0.9)
Income tax provision (Note 14)	0	0.4
Net income attributable to Rockwell Automation, Inc.	0.1	(0.5)
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 (Note 11)	0.1	(0.9)
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	(8.5)	(12.7)
Income tax provision (Note 14)	2.3	3.6
Net income attributable to Rockwell Automation, Inc.	(6.2)	(9.1)
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	(1.3)	(1)
Cost of sales	(8.1)	(12.9)
Selling, general and administrative expenses	0	0.3
Net unrealized losses on cash flow hedges, net of tax | Treasury locks related to 2019 and 2021 debt issuances | Reclassification out of accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 0.9	$ 0.9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	18.10%	19.10%
Income tax liabilities			$ 175.3
Gross unrecognized tax benefits	$ 10.8		9.8
Accrued interest and penalties related to unrecognized tax benefits	1		$ 0.9
Reasonably possible amount of reduction in gross unrecognized tax benefits for the next twelve months	2.3
Reasonably possible amount of net reduction to income tax provision if unrecognized tax benefits were recognized	$ 3.1

Business Segment Information -

Business Segment Information - Sales and Operating Results (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Sales and operating results of reportable segments
Sales	$ 2,052.1	$ 1,981
Purchase accounting depreciation and amortization	(35.6)	(26)
Corporate and other	(40)	(27.3)
Non-operating pension and postretirement benefit credit	4.9	12.4
Change in fair value of investments	3.1	140.6
Interest expense, net	(28.3)	(32.8)
Income before income taxes	259.6	467.9
Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	355.5	401
Intelligent Devices
Sales and operating results of reportable segments
Sales	927.3	936.2
Intelligent Devices | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	150.2	209.4
Software & Control
Sales and operating results of reportable segments
Sales	603.6	573.3
Software & Control | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	151	167.3
Lifecycle Services
Sales and operating results of reportable segments
Sales	521.2	471.5
Lifecycle Services | Operating Segments
Sales and operating results of reportable segments
Segment operating earnings	$ 54.3	$ 24.3