Document_and_Entity_Informatio
Document and Entity Information Document | 3 Months Ended | |
Dec. 31, 2013 | Jan. 31, 2014 | |
Entity Information [Line Items] | ' | ' |
Entity Registrant Name | 'EMERSON ELECTRIC CO | ' |
Entity Central Index Key | '0000032604 | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Dec-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 702,985,814 |
Consolidated_Statements_Of_Ear
Consolidated Statements Of Earnings (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement [Abstract] | ' | ' |
Net sales | $5,606 | $5,553 |
Costs and expenses: | ' | ' |
Cost of sales | 3,370 | 3,346 |
Selling, general and administrative expenses | 1,444 | 1,394 |
Other deductions, net | 95 | 86 |
Interest expense (net of interest income of $7 and $4, respectively) | 54 | 54 |
Earnings before income taxes | 643 | 673 |
Income taxes | 166 | 207 |
Net earnings | 477 | 466 |
Less: Noncontrolling interests in earnings of subsidiaries | 15 | 12 |
Net earnings common stockholders | $462 | $454 |
Basic earnings per share common stockholders | $0.65 | $0.63 |
Diluted earnings per share common stockholders | $0.65 | $0.62 |
Cash dividends per common share | $0.43 | $0.41 |
Consolidated_Statements_Of_Ear1
Consolidated Statements Of Earnings (Parenthetical) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement [Abstract] | ' | ' |
Interest Income | $7 | $4 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Net earnings | $477 | $466 |
Other comprehensive income, net of tax: | ' | ' |
Foreign currency translation | 15 | 79 |
Pension and postretirement | 23 | 37 |
Cash flow hedges | 3 | -3 |
Total other comprehensive income (loss) | 41 | 113 |
Comprehensive income | 518 | 579 |
Less: Noncontrolling interests in comprehensive income of subsidiaries | 13 | 11 |
Comprehensive income common stockholders | $505 | $568 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | ||
Current assets | ' | ' |
Cash and equivalents | $2,737 | $3,275 |
Receivables, less allowances of $101 and $103, respectively | 4,429 | 4,808 |
Inventories | 2,162 | 1,895 |
Other current assets | 671 | 1,021 |
Total current assets | 9,999 | 10,999 |
Property, plant and equipment, net | 3,639 | 3,605 |
Other assets | ' | ' |
Goodwill | 7,871 | 7,509 |
Other intangible assets | 1,839 | 1,672 |
Other | 776 | 926 |
Total other assets | 10,486 | 10,107 |
Total assets | 24,124 | 24,711 |
Current liabilities | ' | ' |
Short-term borrowings and current maturities of long-term debt | 1,958 | 1,587 |
Accounts payable | 2,425 | 2,725 |
Accrued expenses | 2,526 | 3,184 |
Income taxes | 199 | 129 |
Total current liabilities | 7,108 | 7,625 |
Long-term debt | 3,834 | 4,055 |
Other liabilities | 2,299 | 2,313 |
Equity | ' | ' |
Common stock, $0.50 par value per share; Authorized, 1,200,000,000 shares; issued, 953,354,012 shares; outstanding, 704,388,012 shares and 706,660,259 shares, respectively | 477 | 477 |
Additional paid-in capital | 528 | 352 |
Retained earnings | 19,088 | 18,930 |
Accumulated other comprehensive income (loss) | -146 | -189 |
Cost of common stock in treasury, 248,966,000 shares and 246,693,753 shares, respectively | -9,206 | -8,985 |
Common stockholders' equity | 10,741 | 10,585 |
Noncontrolling interests in subsidiaries | 142 | 133 |
Total equity | 10,883 | 10,718 |
Total liabilities and equity | $24,124 | $24,711 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Allowance for Doubtful Accounts Receivable | $101 | $103 |
Common Stock, Par Value Per Share | $0.50 | $0.50 |
Common Stock, Shares Authorized | 1,200,000,000 | 1,200,000,000 |
Common Stock, Shares Issued | 953,354,012 | 953,354,012 |
Common Stock, Shares Outstanding | 704,388,012 | 706,660,259 |
Treasury Stock, Shares | 248,966,000 | 246,693,753 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Operating activities | ' | ' |
Net earnings | $477 | $466 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 209 | 206 |
Changes in operating working capital | -54 | -119 |
Other, net | 59 | 86 |
Net cash provided by operating activities | 691 | 639 |
Investing activities | ' | ' |
Capital expenditures | -236 | -200 |
Purchases of businesses, net of cash and equivalents acquired | -576 | 0 |
Divestiture of businesses | 268 | 3 |
Other, net | -11 | -22 |
Net cash used by investing activities | -555 | -219 |
Financing activities | ' | ' |
Net increase in short-term borrowings | 387 | 424 |
Principal payments on long-term debt | -314 | -264 |
Dividends paid | -304 | -297 |
Purchases of common stock | -390 | -113 |
Other, net | -54 | -8 |
Net cash used by financing activities | -675 | -258 |
Effect of exchange rate changes on cash and equivalents | 1 | -2 |
Increase (decrease) in cash and equivalents | -538 | 160 |
Beginning cash and equivalents | 3,275 | 2,367 |
Ending cash and equivalents | 2,737 | 2,527 |
Changes in operating working capital | ' | ' |
Receivables | 446 | 447 |
Inventories | -161 | -171 |
Other current assets | 25 | -13 |
Accounts payable | -151 | -256 |
Accrued expenses | -298 | -235 |
Income taxes | 85 | 109 |
Total changes in operating working capital | ($54) | ($119) |
Basis_Of_Presentation_And_Rece
Basis Of Presentation And Recently Issued Accounting Pronouncements | 3 Months Ended |
Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis Of Presentation And Recently Issued Accounting Pronouncements | ' |
In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary for a fair presentation of operating results for the interim periods presented. Adjustments consist of normal and recurring accruals. The consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all disclosures required for annual financial statements presented in conformity with U.S. generally accepted accounting principles (GAAP). For further information, refer to the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30, 2013. | |
The Company’s interim statements of cash flows previously reported capital expenditures as equipment was received, rather than when paid. The first quarter of 2013 has been adjusted by $85 million to reflect capital expenditures when payment is made, which had the effect of increasing investing cash flow and operating cash flow compared with amounts previously reported, while the fourth quarter of 2013 will be decreased by similar amounts. This revision was not considered material to the previously issued financial statements. Total investing cash flow and operating cash flow previously reported for the full fiscal year 2013 are not affected. | |
Effective October 2013, the Company adopted updates to ASC 210, Balance Sheet, and to ASC 220, Comprehensive Income. ASC 210 requires entities to disclose both assets and liabilities related to derivatives subject to enforceable master netting arrangements, including collateral, and reconcile those amounts to the net amount presented in the balance sheet. ASC 220 requires entities to disclose reclassifications into earnings from accumulated other comprehensive income (AOCI) and other current period activity. There is no change to the items reported in AOCI or when those items should be reclassified into earnings. These updates did not materially impact the Company’s financial statements. |
Weighted_Average_Common_Shares
Weighted Average Common Shares | 3 Months Ended | |||||
Dec. 31, 2013 | ||||||
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | |||||
Weighted Average Common Shares | ' | |||||
Reconciliations of weighted average shares for basic and diluted earnings per common share follow (in millions). Earnings allocated to participating securities were inconsequential. | ||||||
Three Months Ended December 31, | ||||||
2012 | 2013 | |||||
Basic shares outstanding | 722.3 | 703.5 | ||||
Dilutive shares | 4.6 | 4.6 | ||||
Diluted shares outstanding | 726.9 | 708.1 | ||||
Other_Financial_Information
Other Financial Information | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Financial Information [Abstract] | ' | ||||||
Other Financial Information | ' | ||||||
Other Financial Information (in millions): | |||||||
30-Sep-13 | Dec 31, 2013 | ||||||
Inventories | |||||||
Finished products | $ | 678 | 806 | ||||
Raw materials and work in process | 1,217 | 1,356 | |||||
Total | $ | 1,895 | 2,162 | ||||
Property, plant and equipment, net | |||||||
Property, plant and equipment, at cost | $ | 9,092 | 9,194 | ||||
Less: Accumulated depreciation | 5,487 | 5,555 | |||||
Total | $ | 3,605 | 3,639 | ||||
30-Sep-13 | 31-Dec-13 | ||||||
Goodwill by business segment | |||||||
Process Management | $ | 2,383 | 2,708 | ||||
Industrial Automation | 1,352 | 1,355 | |||||
Network Power | 2,832 | 2,866 | |||||
Climate Technologies | 503 | 503 | |||||
Commercial & Residential Solutions | 439 | 439 | |||||
Total | $ | 7,509 | 7,871 | ||||
The change in goodwill since September 30, 2013 is primarily due to the Virgo and Enardo acquisitions (see Note 11). | |||||||
30-Sep-13 | Dec 31, 2013 | ||||||
Accrued expenses include the following | |||||||
Employee compensation | $ | 650 | 538 | ||||
Customer advanced payments | $ | 402 | 437 | ||||
Product warranty | $ | 183 | 186 | ||||
Other liabilities | |||||||
Pension plans | $ | 539 | 513 | ||||
Deferred income taxes | 823 | 922 | |||||
Postretirement plans, excluding current portion | 263 | 262 | |||||
Other | 688 | 602 | |||||
Total | $ | 2,313 | 2,299 | ||||
Financial_Instruments
Financial Instruments | 3 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||
Financial Instruments | ' | |||||||||||||||
Following is a discussion regarding the Company’s use of financial instruments: | ||||||||||||||||
Hedging Activities – As of December 31, 2013, the notional amount of foreign currency hedge positions was approximately $1.6 billion while commodity hedge contracts totaled approximately 73 million pounds ($210 million) of copper and aluminum. All derivatives receiving deferral accounting are cash flow hedges. The majority of hedging gains and losses deferred as of December 31, 2013 are expected to be recognized over the next 12 months as the underlying forecasted transactions occur. Gains and losses on foreign currency derivatives reported in other deductions, net reflect hedges of balance sheet exposures that do not receive deferral accounting. The following gains and losses are included in earnings and other comprehensive income (OCI) for the three months ended December 31, 2013 and 2012 (in millions): | ||||||||||||||||
Into Earnings | Into OCI | |||||||||||||||
1st Quarter | 1st Quarter | |||||||||||||||
Gains (Losses) | Location | 2012 | 2013 | 2012 | 2013 | |||||||||||
Commodity | Cost of sales | $ | (3 | ) | (3 | ) | (5 | ) | 2 | |||||||
Foreign currency | Sales, cost of sales | 4 | 2 | 2 | 1 | |||||||||||
Foreign currency | Other deductions, net | 9 | (2 | ) | ||||||||||||
Total | $ | 10 | (3 | ) | (3 | ) | 3 | |||||||||
Regardless of whether derivatives receive deferral accounting, the Company expects hedging gains or losses to be essentially offset by losses or gains on the related underlying exposures. The amounts ultimately recognized will differ from those presented above for open positions, which remain subject to ongoing market price fluctuations until settlement. Derivatives receiving deferral accounting are highly effective and no amounts were excluded from the assessment of hedge effectiveness. Hedge ineffectiveness was immaterial for the three months ended December 31, 2013 and 2012. | ||||||||||||||||
Fair Value Measurements – Valuations for all derivatives and the Company's long-term debt fall within Level 2 of the GAAP valuation hierarchy. At December 31, 2013, the fair values of commodity contracts and foreign currency contracts were reported in other current assets and accrued expenses, respectively. There was no collateral posted with counterparties as of December 31, 2013. The maximum collateral that could have been required was $5 million. As of December 31, 2013, the fair value of long-term debt was $4,456 million which exceeded the carrying value by $370 million. Valuations of derivative contract positions are summarized below (in millions): | ||||||||||||||||
September 30, 2013 | December 31, 2013 | |||||||||||||||
Assets | Liabilities | Assets | Liabilities | |||||||||||||
Foreign Currency | $ | 18 | 17 | 18 | 15 | |||||||||||
Commodity | $ | 2 | 8 | 4 | 5 | |||||||||||
Equity
Equity | 3 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Equity [Abstract] | ' | |||||||||
Equity | ' | |||||||||
The change in equity for the first three months of 2014 is shown below (in millions): | ||||||||||
Common Stockholders' Equity | Noncontrolling Interests in Subsidiaries | Total Equity | ||||||||
Balance at September 30, 2013 | $ | 10,585 | 133 | 10,718 | ||||||
Net earnings | 462 | 15 | 477 | |||||||
Other comprehensive income (loss) | 43 | (2 | ) | 41 | ||||||
Cash dividends | (304 | ) | (4 | ) | (308 | ) | ||||
Net (purchases) issuances of common stock | (45 | ) | — | (45 | ) | |||||
Balance at December 31, 2013 | $ | 10,741 | 142 | 10,883 | ||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||
Comprehensive Income (Loss) | ' | ||||||
Activity in accumulated other comprehensive income for the three months ended December 31, 2012 and December 31, 2013 is shown below (in millions): | |||||||
31-Dec-12 | 31-Dec-13 | ||||||
Foreign currency translation | |||||||
Beginning balance | $ | 466 | 504 | ||||
Other comprehensive income | 80 | 17 | |||||
Ending balance | 546 | 521 | |||||
Pension and postretirement | |||||||
Beginning balance | (1,213 | ) | (692 | ) | |||
Amortization of deferred actuarial losses into earnings | |||||||
net of tax: 2012, $(21); 2013, $(13) | 37 | 23 | |||||
Ending balance | (1,176 | ) | (669 | ) | |||
Cash flow hedges | |||||||
Beginning balance | 16 | (1 | ) | ||||
Deferred gains (losses) arising during the period, | |||||||
net of tax: 2012, $1; 2013, $(1) | (2 | ) | 2 | ||||
Reclassification of realized (gain) loss to sales and cost of sales, | |||||||
net of tax: 2012, $0; 2013, $0 | (1 | ) | 1 | ||||
Ending balance | 13 | 2 | |||||
Accumulated other comprehensive income (loss) | (617 | ) | (146 | ) | |||
Pension_And_Postretirement_Pla
Pension And Postretirement Plan Expenses | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||
Pension And Postretirement Plan Expenses | ' | ||||||
Total periodic pension and postretirement expense is summarized below (in millions): | |||||||
Three Months Ended December 31, | |||||||
2012 | 2013 | ||||||
Service cost | $ | 26 | 24 | ||||
Interest cost | 56 | 62 | |||||
Expected return on plan assets | (83 | ) | (86 | ) | |||
Net amortization | 58 | 36 | |||||
Total | $ | 57 | 36 | ||||
Lower expense primarily reflects the impact of the higher interest rate environment and favorable investment performance the last two years. |
Other_Deductions_Net
Other Deductions, Net | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Income and Expenses [Abstract] | ' | ||||||
Other Deductions, Net | ' | ||||||
Other deductions, net are summarized below (in millions): | |||||||
Three Months Ended December 31, | |||||||
2012 | 2013 | ||||||
Amortization of intangibles | $ | 59 | 57 | ||||
Rationalization of operations | 16 | 13 | |||||
Other | 11 | 25 | |||||
Total | $ | 86 | 95 | ||||
Other reflects a China research incentive credit of $13 million in the prior year and other immaterial items. |
Rationalization_Of_Operations
Rationalization Of Operations | 3 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||||
Rationalization Of Operations | ' | ||||||||||||
Rationalization of operations expense reflects costs associated with the Company’s efforts to continually improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. Details of the change in the liability for rationalization during the three months ended December 31, 2013 follow (in millions): | |||||||||||||
30-Sep-13 | Expense | Paid/Utilized | Dec 31, 2013 | ||||||||||
Severance and benefits | $ | 27 | 7 | 11 | 23 | ||||||||
Lease and other contract terminations | 3 | — | — | 3 | |||||||||
Vacant facility and other shutdown costs | 1 | 2 | 2 | 1 | |||||||||
Start-up and moving costs | 1 | 4 | 4 | 1 | |||||||||
Total | $ | 32 | 13 | 17 | 28 | ||||||||
Rationalization of operations expense by segment is provided below (in millions): | |||||||||||||
Three Months Ended December 31, | |||||||||||||
2012 | 2013 | ||||||||||||
Process Management | $ | 3 | 3 | ||||||||||
Industrial Automation | 5 | 2 | |||||||||||
Network Power | 4 | 4 | |||||||||||
Climate Technologies | 1 | 3 | |||||||||||
Commercial & Residential Solutions | 3 | 1 | |||||||||||
Total | $ | 16 | 13 | ||||||||||
The Company expects to incur full year 2014 rationalization expense of approximately $80 million to $90 million. This includes the $13 million incurred to date, as well as costs to complete actions initiated before the end of the first quarter and actions anticipated to be approved and initiated during the remainder of the year. First quarter costs largely relate to shifting resources to higher growth regions and to directly serve local markets. |
Segment_Reporting
Segment Reporting | 3 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Reporting | ' | ||||||||||||
Summarized information about the Company's results of operations by business segment follows (in millions): | |||||||||||||
Three Months Ended December 31, | |||||||||||||
Sales | Earnings | ||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||
Process Management | $ | 1,896 | 2,041 | 333 | 373 | ||||||||
Industrial Automation | 1,137 | 1,149 | 164 | 162 | |||||||||
Network Power | 1,459 | 1,303 | 105 | 83 | |||||||||
Climate Technologies | 752 | 786 | 101 | 107 | |||||||||
Commercial & Residential Solutions | 453 | 466 | 97 | 100 | |||||||||
5,697 | 5,745 | 800 | 825 | ||||||||||
Differences in accounting methods | 50 | 57 | |||||||||||
Corporate and other | (123 | ) | (185 | ) | |||||||||
Eliminations/Interest | (144 | ) | (139 | ) | (54 | ) | (54 | ) | |||||
Total | $ | 5,553 | 5,606 | 673 | 643 | ||||||||
Industrial Automation intersegment sales for the first quarters ended December 31, 2013 and 2012 were $116 million and $121 million, respectively. The increase in corporate and other primarily reflects inventory costs of $21 million (purchase accounting) and a $30 million pretax ($5 million after-tax) charitable contribution of an equity investment, accelerating funding of all fiscal year 2014 contributions into the first quarter. |
Acquisitions_and_Divestitures
Acquisitions and Divestitures | 3 Months Ended | |
Dec. 31, 2013 | ||
Business Combinations [Abstract] | ' | |
Business Combinations Disclosure | ' | |
On November 22, 2013, the Company completed the divestiture of a 51 percent controlling interest in the embedded computing and power business and received proceeds of $268 million, net of working capital adjustment. The Company retained an interest with a fair value of approximately $60 million, determined using a Level 3 option pricing model. There was no pretax gain or loss from the divestiture in the quarter; a tax benefit of $12 million was recognized. First quarter consolidated operating results include sales of $146 million for this business through the transaction date. Assets and liabilities held-for-sale at the closing date were as follows: other current assets, $367 million (accounts receivable, inventories, other); other assets, $212 million (property, plant and equipment, goodwill, other noncurrent assets); and accrued expenses, $251 million (accounts payable and other liabilities). Prior to the divestiture, cash of $376 million ($308 million, after tax provided in fiscal 2013) was repatriated from this business. In fiscal year 2013, the Company initiated the repurchase of $600 million of Emerson common stock in anticipation of proceeds from the sale and repatriation of cash from this business. The repurchase was completed in the first quarter of 2014. | ||
In first quarter of 2014, the Company acquired two businesses in the Process Management segment's final control business, Virgo Valves and Controls, LTD, a manufacturer of ball valves and automation systems, and Enardo LLC, a manufacturer of tank and terminal safety equipment. Total cash paid for both businesses was $506 million, net of cash acquired, and the Company assumed $76 million of debt. Combined annualized sales for Virgo and Enardo were over $300 million. Goodwill of $316 million (nondeductible for tax purposes) and identifiable intangible assets of $188 million, primarily customer relationships and patents and technology with a weighted-average life of approximately 12 years, were initially recognized from these transactions. In addition, the Company also acquired two other smaller businesses in the first quarter of 2014 for approximately $70 million, net of cash acquired. Valuations of acquired assets and liabilities are in process and will be completed during 2014. | ||
In January 2014 (second quarter of fiscal 2014), the Company acquired the remaining 44.5 percent noncontrolling interest in EGS Electrical Group LLC for $574 million. The transaction does not affect consolidated results of operations other than eliminating the noncontrolling interest's share of future earnings and distributions from this business. Sales for this electrical distribution business were more than $500 million in 2013. This business has been renamed Appleton Group and will continue to be reported in the Industrial Automation segment. Full ownership provides growth opportunities in the oil, gas and chemical end markets by leveraging the Company's Process Management and international distribution channels. |
Contingencies_Contingencies
Contingencies Contingencies | 3 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure | ' |
On October 22, 2012, Invensys Systems, Inc. filed a suit for patent infringement against the Company and its wholly-owned indirect subsidiary, Micro Motion, Inc., in the Eastern District of Texas captioned Invensys Systems, Inc. v. Emerson Electric Co. and Micro Motion, Inc., USA. The complaint alleges infringement on Invensys patents by Micro Motion's Coriolis flowmeter "Enhanced Core Processors." The Invensys suit seeks unspecified damages for past infringement and an injunction preventing the Company and Micro Motion from engaging in future infringement. It is too early in the litigation to assess any potential financial impact. The Company and Micro Motion believe that the Invensys claims are without merit and that they have strong defenses to the claims, and intend to aggressively defend the suit. |
Weighted_Average_Common_Shares1
Weighted Average Common Shares (Tables) | 3 Months Ended | |||||
Dec. 31, 2013 | ||||||
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | |||||
Schedule Of Basic And Diluted Earnings Per Share Reconciliation | ' | |||||
Three Months Ended December 31, | ||||||
2012 | 2013 | |||||
Basic shares outstanding | 722.3 | 703.5 | ||||
Dilutive shares | 4.6 | 4.6 | ||||
Diluted shares outstanding | 726.9 | 708.1 | ||||
Other_Financial_Information_Ta
Other Financial Information (Tables) | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Financial Information [Abstract] | ' | ||||||
Inventories | ' | ||||||
30-Sep-13 | Dec 31, 2013 | ||||||
Inventories | |||||||
Finished products | $ | 678 | 806 | ||||
Raw materials and work in process | 1,217 | 1,356 | |||||
Total | $ | 1,895 | 2,162 | ||||
Property, Plant And Equipment, Net | ' | ||||||
Property, plant and equipment, net | |||||||
Property, plant and equipment, at cost | $ | 9,092 | 9,194 | ||||
Less: Accumulated depreciation | 5,487 | 5,555 | |||||
Total | $ | 3,605 | 3,639 | ||||
Goodwill By Business Segment | ' | ||||||
30-Sep-13 | 31-Dec-13 | ||||||
Goodwill by business segment | |||||||
Process Management | $ | 2,383 | 2,708 | ||||
Industrial Automation | 1,352 | 1,355 | |||||
Network Power | 2,832 | 2,866 | |||||
Climate Technologies | 503 | 503 | |||||
Commercial & Residential Solutions | 439 | 439 | |||||
Total | $ | 7,509 | 7,871 | ||||
Accrued Expenses | ' | ||||||
30-Sep-13 | Dec 31, 2013 | ||||||
Accrued expenses include the following | |||||||
Employee compensation | $ | 650 | 538 | ||||
Customer advanced payments | $ | 402 | 437 | ||||
Product warranty | $ | 183 | 186 | ||||
Other Liabilities | ' | ||||||
Other liabilities | |||||||
Pension plans | $ | 539 | 513 | ||||
Deferred income taxes | 823 | 922 | |||||
Postretirement plans, excluding current portion | 263 | 262 | |||||
Other | 688 | 602 | |||||
Total | $ | 2,313 | 2,299 | ||||
Financial_Instruments_Tables
Financial Instruments (Tables) | 3 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||
Schedule Of Derivative Instruments | ' | |||||||||||||||
Into Earnings | Into OCI | |||||||||||||||
1st Quarter | 1st Quarter | |||||||||||||||
Gains (Losses) | Location | 2012 | 2013 | 2012 | 2013 | |||||||||||
Commodity | Cost of sales | $ | (3 | ) | (3 | ) | (5 | ) | 2 | |||||||
Foreign currency | Sales, cost of sales | 4 | 2 | 2 | 1 | |||||||||||
Foreign currency | Other deductions, net | 9 | (2 | ) | ||||||||||||
Total | $ | 10 | (3 | ) | (3 | ) | 3 | |||||||||
Fair Value Measurements | ' | |||||||||||||||
September 30, 2013 | December 31, 2013 | |||||||||||||||
Assets | Liabilities | Assets | Liabilities | |||||||||||||
Foreign Currency | $ | 18 | 17 | 18 | 15 | |||||||||||
Commodity | $ | 2 | 8 | 4 | 5 | |||||||||||
Equity_Tables
Equity (Tables) | 3 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Equity [Abstract] | ' | |||||||||
Schedule of Stockholders' Equity | ' | |||||||||
Common Stockholders' Equity | Noncontrolling Interests in Subsidiaries | Total Equity | ||||||||
Balance at September 30, 2013 | $ | 10,585 | 133 | 10,718 | ||||||
Net earnings | 462 | 15 | 477 | |||||||
Other comprehensive income (loss) | 43 | (2 | ) | 41 | ||||||
Cash dividends | (304 | ) | (4 | ) | (308 | ) | ||||
Net (purchases) issuances of common stock | (45 | ) | — | (45 | ) | |||||
Balance at December 31, 2013 | $ | 10,741 | 142 | 10,883 | ||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | ||||||
31-Dec-12 | 31-Dec-13 | ||||||
Foreign currency translation | |||||||
Beginning balance | $ | 466 | 504 | ||||
Other comprehensive income | 80 | 17 | |||||
Ending balance | 546 | 521 | |||||
Pension and postretirement | |||||||
Beginning balance | (1,213 | ) | (692 | ) | |||
Amortization of deferred actuarial losses into earnings | |||||||
net of tax: 2012, $(21); 2013, $(13) | 37 | 23 | |||||
Ending balance | (1,176 | ) | (669 | ) | |||
Cash flow hedges | |||||||
Beginning balance | 16 | (1 | ) | ||||
Deferred gains (losses) arising during the period, | |||||||
net of tax: 2012, $1; 2013, $(1) | (2 | ) | 2 | ||||
Reclassification of realized (gain) loss to sales and cost of sales, | |||||||
net of tax: 2012, $0; 2013, $0 | (1 | ) | 1 | ||||
Ending balance | 13 | 2 | |||||
Accumulated other comprehensive income (loss) | (617 | ) | (146 | ) | |||
Pension_And_Postretirement_Pla1
Pension And Postretirement Plan Expenses (Tables) | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||
Summary of Pension and Postretirement Plan Expenses | ' | ||||||
Three Months Ended December 31, | |||||||
2012 | 2013 | ||||||
Service cost | $ | 26 | 24 | ||||
Interest cost | 56 | 62 | |||||
Expected return on plan assets | (83 | ) | (86 | ) | |||
Net amortization | 58 | 36 | |||||
Total | $ | 57 | 36 | ||||
Other_Deductions_Net_Tables
Other Deductions, Net (Tables) | 3 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Income and Expenses [Abstract] | ' | ||||||
Schedule of Other Deductions, net [Table Text Block] | ' | ||||||
Three Months Ended December 31, | |||||||
2012 | 2013 | ||||||
Amortization of intangibles | $ | 59 | 57 | ||||
Rationalization of operations | 16 | 13 | |||||
Other | 11 | 25 | |||||
Total | $ | 86 | 95 | ||||
Rationalization_Of_Operations_
Rationalization Of Operations (Tables) | 3 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||||
Change In Liability For Rationalization Costs | ' | ||||||||||||
30-Sep-13 | Expense | Paid/Utilized | Dec 31, 2013 | ||||||||||
Severance and benefits | $ | 27 | 7 | 11 | 23 | ||||||||
Lease and other contract terminations | 3 | — | — | 3 | |||||||||
Vacant facility and other shutdown costs | 1 | 2 | 2 | 1 | |||||||||
Start-up and moving costs | 1 | 4 | 4 | 1 | |||||||||
Total | $ | 32 | 13 | 17 | 28 | ||||||||
Rationalization Of Operations By Segment | ' | ||||||||||||
Three Months Ended December 31, | |||||||||||||
2012 | 2013 | ||||||||||||
Process Management | $ | 3 | 3 | ||||||||||
Industrial Automation | 5 | 2 | |||||||||||
Network Power | 4 | 4 | |||||||||||
Climate Technologies | 1 | 3 | |||||||||||
Commercial & Residential Solutions | 3 | 1 | |||||||||||
Total | $ | 16 | 13 | ||||||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 3 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Results Of Operations By Business Segment | ' | ||||||||||||
Three Months Ended December 31, | |||||||||||||
Sales | Earnings | ||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||
Process Management | $ | 1,896 | 2,041 | 333 | 373 | ||||||||
Industrial Automation | 1,137 | 1,149 | 164 | 162 | |||||||||
Network Power | 1,459 | 1,303 | 105 | 83 | |||||||||
Climate Technologies | 752 | 786 | 101 | 107 | |||||||||
Commercial & Residential Solutions | 453 | 466 | 97 | 100 | |||||||||
5,697 | 5,745 | 800 | 825 | ||||||||||
Differences in accounting methods | 50 | 57 | |||||||||||
Corporate and other | (123 | ) | (185 | ) | |||||||||
Eliminations/Interest | (144 | ) | (139 | ) | (54 | ) | (54 | ) | |||||
Total | $ | 5,553 | 5,606 | 673 | 643 | ||||||||
Recovered_Sheet1
Basis of Presentation And Recently Issued Accounting Pronouncements (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2012 |
Accounting Changes [Abstract] | ' |
Adjustment to reflect capital expenditures when payment is made | $85 |
Weighted_Average_Common_Shares2
Weighted Average Common Shares (Schedule Of Basic And Diluted Earnings Per Share Reconciliation) (Details) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' |
Basic shares outstanding | 703.5 | 722.3 |
Dilutive shares | 4.6 | 4.6 |
Diluted shares outstanding | 708.1 | 726.9 |
Other_Financial_Information_De
Other Financial Information (Details) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | ||
Other Financial Information [Line Items] | ' | ' |
Finished products | $806 | $678 |
Raw materials and work in process | 1,356 | 1,217 |
Total | 2,162 | 1,895 |
Property, plant and equipment, at cost | 9,194 | 9,092 |
Less: Accumulated depreciation | 5,555 | 5,487 |
Total | 3,639 | 3,605 |
Goodwill | 7,871 | 7,509 |
Employee compensation | 538 | 650 |
Customer advanced payments | 437 | 402 |
Product warranty | 186 | 183 |
Pension plans | 513 | 539 |
Deferred income taxes | 922 | 823 |
Postretirement plans, excluding current portion | 262 | 263 |
Other | 602 | 688 |
Total | 2,299 | 2,313 |
Process Management [Member] | ' | ' |
Other Financial Information [Line Items] | ' | ' |
Goodwill | 2,708 | 2,383 |
Industrial Automation [Member] | ' | ' |
Other Financial Information [Line Items] | ' | ' |
Goodwill | 1,355 | 1,352 |
Network Power [Member] | ' | ' |
Other Financial Information [Line Items] | ' | ' |
Goodwill | 2,866 | 2,832 |
Climate Technologies [Member] | ' | ' |
Other Financial Information [Line Items] | ' | ' |
Goodwill | 503 | 503 |
Commercial & Residential Solutions [Member] | ' | ' |
Other Financial Information [Line Items] | ' | ' |
Goodwill | $439 | $439 |
Financial_Instruments_Schedule
Financial Instruments (Schedule Of Derivative Instruments) (Details) (USD $) | 3 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (Loss) to Earnings | ($3,000,000) | $10,000,000 |
Gain (Loss) to OCI | 3,000,000 | -3,000,000 |
Commodity Contract [Member] | Cash Flow Hedging [Member] | Other Comprehensive Income (Loss) [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (Loss) to OCI | 2,000,000 | -5,000,000 |
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (Loss) Reclassified to Earnings | -3,000,000 | -3,000,000 |
Foreign Exchange Contract [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Notional amount of foreign currency hedge positions | 1,600,000,000 | ' |
Foreign Exchange Contract [Member] | Other deductions, net [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (Loss) to Earnings | -2,000,000 | 9,000,000 |
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Other Comprehensive Income (Loss) [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (Loss) to OCI | 1,000,000 | 2,000,000 |
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales, Cost of Sales [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (Loss) Reclassified to Earnings | 2,000,000 | 4,000,000 |
Copper and Aluminum [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Weight In Pounds of Copper and Aluminum Commodity Hedges | 73,000,000 | ' |
Amount of Copper and Aluminum Hedged | $210,000,000 | ' |
Financial_Instruments_Fair_Val
Financial Instruments (Fair Value Measurements) (Details) (USD $) | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Commodity Contract [Member] | Commodity Contract [Member] | Commodity Contract [Member] | Commodity Contract [Member] | ||
Assets [Member] | Assets [Member] | Other Liabilities [Member] | Other Liabilities [Member] | Assets [Member] | Assets [Member] | Other Liabilities [Member] | Other Liabilities [Member] | ||||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral posted to counterparties | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum collateral balance could have been required to post | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of long-term debt | ' | ' | 4,456 | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of long-term debt compared with carrying value | ' | -370 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of derivative assets | ' | ' | ' | 18 | 18 | ' | ' | 4 | 2 | ' | ' |
Fair value of derivative liabilities | ' | ' | ' | ' | ' | $15 | $17 | ' | ' | $5 | $8 |
Equity_Schedule_Of_Change_In_E
Equity (Schedule Of Change In Equity) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' |
Balance at September 30, 2013 | $10,718 | ' |
Net earnings | 477 | 466 |
Other comprehensive income (loss) | 41 | 113 |
Cash dividends | -308 | ' |
Net (purchases) issuances of common stock and other | -45 | ' |
Balance at December 31, 2013 | 10,883 | ' |
Common Stockholders' Equity [Member] | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' |
Balance at September 30, 2013 | 10,585 | ' |
Net earnings | 462 | ' |
Other comprehensive income (loss) | 43 | ' |
Cash dividends | -304 | ' |
Net (purchases) issuances of common stock and other | -45 | ' |
Balance at December 31, 2013 | 10,741 | ' |
Noncontrolling Interest [Member] | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' |
Balance at September 30, 2013 | 133 | ' |
Net earnings | 15 | ' |
Other comprehensive income (loss) | -2 | ' |
Cash dividends | -4 | ' |
Net (purchases) issuances of common stock and other | 0 | ' |
Balance at December 31, 2013 | $142 | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 |
Accumulated other comprehensive income [Roll Forward] | ' | ' | ' |
Amortization of deferred actuarial losses into earnings net of tax: 2013, $(13); 2012, $(21) | $23 | $37 | ' |
Accumulated other comprehensive income (loss) | -146 | -617 | -189 |
Foreign currency translation [Member] | ' | ' | ' |
Accumulated other comprehensive income [Roll Forward] | ' | ' | ' |
Beginning balance | 504 | 466 | ' |
Other comprehensive income | 17 | 80 | ' |
Ending balance | 521 | 546 | ' |
Pension and post retirement [Member] | ' | ' | ' |
Accumulated other comprehensive income [Roll Forward] | ' | ' | ' |
Beginning balance | -692 | -1,213 | ' |
Amortization of deferred actuarial losses into earnings net of tax: 2013, $(13); 2012, $(21) | 23 | 37 | ' |
Ending balance | -669 | -1,176 | ' |
Cash Flow Hedges [Member] | ' | ' | ' |
Accumulated other comprehensive income [Roll Forward] | ' | ' | ' |
Beginning balance | -1 | 16 | ' |
Deferred gains (losses) arising during the period, net of tax: 2013, $(1); 2012, $1 | 2 | -2 | ' |
Reclassification of realized (gain) loss to sales and cost of sales, net of tax: 2013, $0; 2012, $0 | 1 | -1 | ' |
Ending balance | $2 | $13 | ' |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income (Parenthetical) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Pension and post retirement [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Amortization of deferred actuarial losses, tax | ($13) | ($21) |
Cash Flow Hedges [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Reclass of deferred cash flow hedging (losses), tax | 0 | 0 |
Deferred cash flow hedging gains (losses), tax | ($1) | $1 |
Pension_And_Postretirement_Pla2
Pension And Postretirement Plan Expenses (Summary Of Net Periodic Pension And Net Postretirement Plan Expenses) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Pension And Postretirement Plan Expenses [Line Items] | ' | ' |
Service cost | $24 | $26 |
Interest cost | 62 | 56 |
Expected return on plan assets | -86 | -83 |
Net amortization | 36 | 58 |
Total | $36 | $57 |
Other_Deductions_Net_Schedule_
Other Deductions, Net (Schedule Of Other Deductions, Net) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Other deductions, net [Line Items] | ' | ' |
Amortization of intangibles | $57 | $59 |
Rationalization of operations | 13 | 16 |
Other | 25 | 11 |
Total | 95 | 86 |
Research credit | ' | $13 |
Rationalization_Of_Operations_1
Rationalization Of Operations (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Restructuring Reserve [Roll Forward] | ' | ' |
Beginning rationalization of operations liability | $32 | ' |
Rationalization of operations, expense | 13 | 16 |
Rationalization of operations, paid | 17 | ' |
Ending rationalization of operations liability | 28 | ' |
Minimum [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Expected fiscal year rationalization expense | 80 | ' |
Maximum [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Expected fiscal year rationalization expense | 90 | ' |
Process Management [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Rationalization of operations, expense | 3 | 3 |
Industrial Automation [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Rationalization of operations, expense | 2 | 5 |
Network Power [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Rationalization of operations, expense | 4 | 4 |
Climate Technologies [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Rationalization of operations, expense | 3 | 1 |
Commercial & Residential Solutions [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Rationalization of operations, expense | 1 | ' |
Severance and benefits [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Beginning rationalization of operations liability | 27 | ' |
Rationalization of operations, expense | 7 | ' |
Rationalization of operations, paid | 11 | ' |
Ending rationalization of operations liability | 23 | ' |
Lease and other contract terminations [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Beginning rationalization of operations liability | 3 | ' |
Rationalization of operations, expense | 0 | ' |
Rationalization of operations, paid | 0 | ' |
Ending rationalization of operations liability | 3 | ' |
Vacant facility and other shutdown costs [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Beginning rationalization of operations liability | 1 | ' |
Rationalization of operations, expense | 2 | ' |
Rationalization of operations, paid | 2 | ' |
Ending rationalization of operations liability | 1 | ' |
Start-up and moving costs [Member] | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' |
Beginning rationalization of operations liability | 1 | ' |
Rationalization of operations, expense | 4 | ' |
Rationalization of operations, paid | 4 | ' |
Ending rationalization of operations liability | $1 | ' |
Segment_Reporting_Details
Segment Reporting (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | $5,606 | $5,553 |
Inventory costs (Purchase Accounting) | 21 | ' |
Earnings before income taxes | 643 | 673 |
Eliminations/Interest | -54 | -54 |
Pretax Charitable Contribution of Equity Investment | 30 | ' |
After-tax Charitable Contribution of Equity Investment | 5 | ' |
Operating Segments [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 5,745 | 5,697 |
Earnings before income taxes | 825 | 800 |
Intersegment Eliminations [Member] | Industrial Automation [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 116 | 121 |
Operating Segments [Member] | Process Management [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 2,041 | 1,896 |
Earnings before income taxes | 373 | 333 |
Operating Segments [Member] | Industrial Automation [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 1,149 | 1,137 |
Earnings before income taxes | 162 | 164 |
Operating Segments [Member] | Network Power [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 1,303 | 1,459 |
Earnings before income taxes | 83 | 105 |
Operating Segments [Member] | Climate Technologies [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 786 | 752 |
Earnings before income taxes | 107 | 101 |
Operating Segments [Member] | Commercial & Residential Solutions [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 466 | 453 |
Earnings before income taxes | 100 | 97 |
Corporate, Non-Segment [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Differences in accounting methods | 57 | 50 |
Corporate and other | -185 | -123 |
Eliminations/Interest | -54 | -54 |
Consolidation, Eliminations [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | ' | -144 |
Consolidation, Eliminations [Member] | Corporate Segment [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | ($139) | ' |
Acquisitions_and_Divestitures_
Acquisitions and Divestitures (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 |
Enardo LLC and Virgo Valves and Controls, LTD [Domain] | Enardo LLC and Virgo Valves and Controls, LTD [Domain] | Series of Individually Immaterial Business Acquisitions [Member] | Appleton Group [Member] | Appleton Group [Member] | Embedded Computing and Power [Member] | |||
Subsequent Event [Member] | Subsequent Event [Member] | |||||||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of controlling interest sold | ' | ' | ' | ' | ' | ' | ' | 51.00% |
Proceeds from Divestiture of Businesses | ' | ' | ' | ' | ' | ' | ' | $268 |
Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | 60 |
Gain (Loss) on divestiture of business | ' | ' | ' | ' | ' | ' | ' | 0 |
Tax benefit from divestiture | ' | ' | ' | ' | ' | ' | ' | 12 |
Net sales | 5,606 | 5,553 | ' | ' | ' | ' | ' | 146 |
Assets Held-for-sale, Other Current Assets | ' | ' | ' | ' | ' | ' | ' | 367 |
Assets Held-for-sale, Other Assets | ' | ' | ' | ' | ' | ' | ' | 212 |
Liabilities Held-for-sale, Accrued Expenses | ' | ' | ' | ' | ' | ' | ' | 251 |
Pretax Foreign Cash Repatriated | ' | ' | ' | ' | ' | ' | ' | 376 |
After-tax Foreign Cash Repatriated | ' | ' | ' | ' | ' | ' | ' | 308 |
Common Stock Repurchased During the Period | ' | ' | ' | ' | ' | ' | ' | 600 |
Payments to Acquire Businesses, Net of Cash Acquired | 576 | 0 | 506 | ' | 70 | ' | ' | ' |
Debt Assumed in Acquisition of businesses | ' | ' | 76 | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | 300 | ' | ' | 500 | ' |
Book Value of Goodwill Acquired | ' | ' | 316 | ' | ' | ' | ' | ' |
Expected Tax Deductible Amount of Goodwill Acquired | ' | ' | 0 | ' | ' | ' | ' | ' |
Identifiable Intangibles Acquired | ' | ' | 188 | ' | ' | ' | ' | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Life | ' | ' | '12 years | ' | ' | ' | ' | ' |
Percentage of non-controlling interest acquired | ' | ' | ' | ' | ' | 44.50% | ' | ' |
Payments to Acquire Businesses, Gross | ' | ' | ' | ' | ' | $574 | ' | ' |