Emerson Electric (EMR) 10-Q 3 Aug 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Entity Information [Line Items]
Entity Registrant Name	EMERSON ELECTRIC CO
Entity Central Index Key	32,604
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		643,537,433

Consolidated Statements Of Earn

Consolidated Statements Of Earnings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net sales	$ 5,126	$ 5,503	$ 14,767	$ 16,490
Costs and expenses:
Cost of sales	3,032	3,269	8,790	9,810
Selling, general and administrative expenses	1,203	1,276	3,647	3,999
Gain on sale of business	0	0	0	932
Other deductions, net	102	122	338	322
Interest expense (net of interest income of $8, $9, $24 and $25, respectively)	45	40	137	126
Earnings before income taxes	744	796	1,855	3,165
Income taxes	254	222	636	1,083
Net earnings	490	574	1,219	2,082
Less: Noncontrolling interests in earnings of subsidiaries	11	10	22	20
Net earnings common stockholders	$ 479	$ 564	$ 1,197	$ 2,062
Basic earnings per share common stockholders	$ 0.74	$ 0.84	$ 1.85	$ 3.02
Diluted earnings per share common stockholders	0.74	0.84	1.84	3.01
Cash dividends per common share	$ 0.475	$ 0.47	$ 1.425	$ 1.41

Consolidated Statements Of Ear3

Consolidated Statements Of Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Interest income	$ 8	$ 9	$ 24	$ 25

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net earnings	$ 490	$ 574	$ 1,219	$ 2,082
Other comprehensive income (loss), net of tax:
Foreign currency translation	(9)	189	(37)	(543)
Pension and postretirement	25	27	78	83
Cash flow hedges	3	0	14	(23)
Total other comprehensive income (loss)	19	216	55	(483)
Comprehensive income	509	790	1,274	1,599
Less: Noncontrolling interests in comprehensive income of subsidiaries	12	9	24	18
Comprehensive income common stockholders	$ 497	$ 781	$ 1,250	$ 1,581

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Current assets
Cash and equivalents	$ 3,516	$ 3,054
Receivables, less allowances of $120 and $128, respectively	4,014	4,319
Inventories	1,949	1,847
Other current assets	741	829
Total current assets	10,220	10,049
Property, plant and equipment, net	3,521	3,585
Other assets
Goodwill	6,667	6,653
Other intangible assets	1,411	1,526
Other	263	275
Total other assets	8,341	8,454
Total assets	22,082	22,088
Current liabilities
Short-term borrowings and current maturities of long-term debt	3,220	2,553
Accounts payable	2,230	2,358
Accrued expenses	2,797	2,803
Income taxes	79	86
Total current liabilities	8,326	7,800
Long-term debt	4,062	4,289
Other liabilities	1,739	1,871
Equity
Common stock, $0.50 par value; authorized, 1,200,000,000 shares; issued, 953,354,012 shares; outstanding, 643,402,613 shares and 654,608,521 shares, respectively	477	477
Additional paid-in-capital	200	170
Retained earnings	21,583	21,308
Accumulated other comprehensive income (loss)	(1,564)	(1,617)
Cost of common stock in treasury, 309,951,399 shares and 298,745,491 shares, respectively	(12,795)	(12,257)
Common stockholders’ equity	7,901	8,081
Noncontrolling interests in subsidiaries	54	47
Total equity	7,955	8,128
Total liabilities and equity	$ 22,082	$ 22,088

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 120	$ 128
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	643,402,613	654,608,521
Treasury stock, shares	309,951,399	298,745,491

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net earnings	$ 1,219	$ 2,082
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	589	613
Changes in operating working capital	(35)	(530)
Pension funding	30	21
Gain on divestiture of business, after tax	0	(528)
Income taxes paid on divestiture gain	0	(360)
Other, net	181	172
Net cash provided by operating activities	1,924	1,428
Investing activities
Capital expenditures	(354)	(516)
Purchases of businesses, net of cash and equivalents acquired	(62)	(250)
Divestiture of business	0	1,399
Other, net	43	(86)
Net cash provided by (used by) investing activities	(373)	547
Financing activities
Net increase in short-term borrowings	692	1,500
Proceeds from short-term borrowings greater than three months	1,174	2,515
Payments of short-term borrowings greater than three months	(1,174)	(3,070)
Proceeds from long-term debt	0	1,000
Payments of long-term debt	(252)	(504)
Dividends paid	(922)	(960)
Purchases of common stock	(555)	(2,041)
Other, net	(13)	(12)
Net cash used by financing activities	(1,050)	(1,572)
Effect of exchange rate changes on cash and equivalents	(39)	(159)
Increase in cash and equivalents	462	244
Beginning cash and equivalents	3,054	3,149
Ending cash and equivalents	3,516	3,393
Changes in operating working capital
Receivables	284	473
Inventories	(94)	(265)
Other current assets	(18)	(177)
Accounts payable	(87)	(287)
Accrued expenses	(113)	(130)
Income taxes	(7)	(144)
Changes in operating working capital	$ (35)	$ (530)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2016
Disclosure Text Block [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, 2015 . In February 2016, the FASB amended ASC 842, Leases , to require recognition on the balance sheet of assets and liabilities related to the rights and obligations associated with all lease arrangements. Currently, obligations classified as operating leases are not recorded on the balance sheet but must be disclosed. The new standard is effective for the Company in the first quarter of fiscal 2020. The Company is in the process of evaluating the impact of the revised standard on its financial statements.

Weighted Average Common Shares

Weighted Average Common Shares	9 Months Ended
	Jun. 30, 2016
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 Nine Months Ended 2015 2016 2015 2016 Basic shares outstanding 665.7 642.2 679.3 644.7 Dilutive shares 3.2 3.0 3.3 2.7 Diluted shares outstanding 668.9 645.2 682.6 647.4

Other Financial Information

Other Financial Information	9 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Other Financial Information	Other Financial Information (in millions): Sept. 30, 2015 June 30, 2016 Inventories Finished products $ 680 676 Raw materials and work in process 1,167 1,273 Total $ 1,847 1,949 Property, plant and equipment, net Property, plant and equipment, at cost $ 8,931 9,115 Less: Accumulated depreciation 5,346 5,594 Total $ 3,585 3,521 Goodwill by business segment Process Management $ 2,790 2,802 Industrial Automation 1,031 1,029 Network Power 2,144 2,132 Climate Technologies 492 506 Commercial & Residential Solutions 196 198 Total $ 6,653 6,667 The gross carrying amount of goodwill for the Company was $7,313 million and $7,299 million as of June 30, 2016 and September 30, 2015, respectively. Accumulated pretax goodwill impairment losses were $646 million at the end of both periods, all in the Network Power segment. Sept. 30, 2015 June 30, 2016 Accrued expenses include the following Employee compensation $ 597 598 Customer advanced payments $ 450 514 Product warranty $ 167 169 Sept. 30, 2015 June 30, 2016 Other liabilities Pension liabilities $ 662 535 Deferred income taxes 408 461 Postretirement liabilities, excluding current portion 199 196 Other 602 547 Total $ 1,871 1,739

Financial Instruments

Financial Instruments	9 Months Ended
	Jun. 30, 2016
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 June 30, 2016 , the notional amount of foreign currency hedge positions was approximately $1.5 billion , and commodity hedge contracts totaled approximately $107 million (primarily 50 million pounds of copper and aluminum). All derivatives receiving deferral accounting are cash flow hedges. The majority of hedging gains and losses deferred as of June 30, 2016 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 and nine months ended June 30, 2016 and 2015 (in millions): Into Earnings Into OCI 3rd Quarter Nine Months 3rd Quarter Nine Months Gains (Losses) Location 2015 2016 2015 2016 2015 2016 2015 2016 Commodity Cost of sales $ (6 ) (10 ) (16 ) (30 ) (7 ) — (26 ) (10 ) Foreign currency Sales, cost of sales (3 ) (12 ) (3 ) (27 ) (2 ) (18 ) (29 ) (25 ) Foreign currency Other deductions, net (2 ) (9 ) 12 (16 ) Total $ (11 ) (31 ) (7 ) (73 ) (9 ) (18 ) (55 ) (35 ) 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 and nine months ended June 30, 2016 and 2015 . Fair Value Measurement – Valuations for all derivatives and the Company's long-term debt fall within Level 2 of the GAAP valuation hierarchy. As of June 30, 2016 , the fair value of long-term debt was $4,826 million , which exceeded the carrying value by $497 million . At June 30, 2016 , the fair values of commodity contracts and foreign currency contracts were reported in other current assets and accrued expenses. Valuations of derivative contract positions are summarized below (in millions): September 30, 2015 June 30, 2016 Assets Liabilities Assets Liabilities Foreign Currency $ 30 65 8 46 Commodity $ — 29 1 10 Counterparties to derivatives arrangements are companies with investment-grade credit ratings. The Company has bilateral collateral arrangements with counterparties with credit rating-based posting thresholds that vary depending on the arrangement. If credit ratings on the Company's debt fall below preestablished levels, counterparties can require immediate full collateralization of all derivatives in net liability positions. The maximum amount that could have potentially been required was $49 million . The Company also can demand full collateralization of derivatives in net asset positions should any counterparty credit ratings fall below certain thresholds. No collateral was posted with counterparties and none was held by the Company as of June 30, 2016 .

Equity Roll Forward

Equity Roll Forward	9 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Equity	The change in equity for the first nine months of 2016 is shown below (in millions): Common Stockholders' Equity Noncontrolling Interests in Subsidiaries Total Equity Balance at September 30, 2015 $ 8,081 47 8,128 Net earnings 1,197 22 1,219 Other comprehensive income (loss) 53 2 55 Cash dividends (922 ) (17 ) (939 ) Net purchases of common stock (508 ) — (508 ) Balance at June 30, 2016 $ 7,901 54 7,955

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss)	Activity in accumulated other comprehensive income (loss) for the three and nine months ended June 30, 2016 and 2015 is shown below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Foreign currency translation Beginning balance $ (560 ) (651 ) 171 (622 ) Other comprehensive income (loss) 190 (10 ) (541 ) (39 ) Ending balance (370 ) (661 ) (370 ) (661 ) Pension and postretirement Beginning balance (690 ) (899 ) (746 ) (952 ) Amortization of deferred actuarial losses into earnings 27 25 83 78 Ending balance (663 ) (874 ) (663 ) (874 ) Cash flow hedges Beginning balance (23 ) (32 ) — (43 ) Deferral of gains (losses) arising during the period (6 ) (11 ) (35 ) (22 ) Reclassification of realized (gains) losses to sales and cost of sales 6 14 12 36 Ending balance (23 ) (29 ) (23 ) (29 ) Accumulated other comprehensive income (loss) $ (1,056 ) (1,564 ) (1,056 ) (1,564 ) Activity above is shown net of income taxes for the three and nine months ended June 30, 2016 and 2015, respectively, as follows: amortization of pension and postretirement deferred actuarial losses: $(15), $(16), $(43) and $(46); deferral of cash flow hedging gains (losses): $7, $3, $13 and $20; reclassification of realized cash flow hedging (gains) losses: $(8), $(3), $(21) and $(7).

Pension & Postretirement Expens

Pension & Postretirement Expenses	9 Months Ended
	Jun. 30, 2016
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 Nine Months Ended 2015 2016 2015 2016 Service cost $ 27 22 81 67 Interest cost 60 50 181 149 Expected return on plan assets (92 ) (88 ) (276 ) (264 ) Net amortization 43 40 128 121 Total $ 38 24 114 73 Beginning in 2016, the Company refined the method used to determine the service and interest cost components of pension expense for its U.S. plans. The specific spot rates along the yield curve, rather than the single weighted-average rate previously used, are now applied to the projected cash flows to provide more precise measurement of these costs. This is a change in estimate which has been accounted for prospectively in the 2016 financial statements. The discount rates used to measure service and interest cost were 4.6 percent and 3.5 percent , respectively, compared with the single weighted-average rate of 4.35 percent which would have been used. The change will reduce interest and service cost by a total of $38 million ( $0.04 per share) for fiscal 2016 compared with the cost measured using the weighted-average rate.

Other Deductions, Net

Other Deductions, Net	9 Months Ended
	Jun. 30, 2016
Other Income and Expenses [Abstract]
Other Deductions, Net	Other deductions, net are summarized below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Amortization of intangibles $ 52 46 160 143 Rationalization of operations 36 15 89 43 Separation costs — 28 — 83 Other 34 13 73 69 Total $ 122 102 322 338 Separation costs relate to the planned portfolio repositioning actions. See Note 11. The decrease in Other for the third quarter reflects an $18 million gain on payments received related to dumping duties collected by U.S. Customs from 2006 through 2010, but not distributed to affected domestic producers until resolution of certain legal challenges to the U.S. Continued Dumping and Subsidy Offset Act.

Rationalization Of Operations

Rationalization Of Operations	9 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Rationalization Of Operations	Rationalization of operations expense reflects costs associated with the Company’s ongoing efforts to improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. The Company expects full year 2016 rationalization expense to be in the range of $90 to $100 million . This includes $43 million incurred to date, as well as costs to complete actions initiated before the end of the third quarter and actions anticipated to be approved and initiated during the remainder of the year. Costs for the three and nine months ended June 30, 2016 largely relate to restructuring of the global cost structure consistent with the current level of economic activity, as well as the redeployment of resources for future growth. Rationalization of operations expense by segment is provided below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Process Management $ 12 7 37 20 Industrial Automation 4 5 8 9 Network Power 17 (1 ) 31 5 Climate Technologies 2 1 8 4 Commercial & Residential Solutions 1 — 5 2 Corporate — 3 — 3 Total $ 36 15 89 43 Details of the change in the liability for rationalization during the nine months ended June 30, 2016 follow (in millions): Sept. 30, 2015 Expense Paid/Utilized June 30, 2016 Severance and benefits $ 105 23 88 40 Lease and other contract terminations 1 2 2 1 Vacant facility and other shutdown costs 3 6 8 1 Start-up and moving costs 3 12 13 2 Total $ 112 43 111 44

Business Segment Information

Business Segment Information	9 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Reporting	Summarized information about the Company's results of operations by business segment follows (in millions): Three Months Ended June 30, Nine Months Ended June 30, Sales Earnings Sales Earnings 2015 2016 2015 2016 2015 2016 2015 2016 Process Management $ 2,084 1,804 373 271 6,225 5,438 1,064 807 Industrial Automation 990 883 156 130 3,176 2,561 464 341 Network Power 1,028 1,111 37 101 3,210 3,180 150 268 Climate Technologies 1,125 1,102 222 247 3,007 2,884 518 544 Commercial & Residential Solutions 477 400 98 97 1,422 1,186 292 274 5,704 5,300 886 846 17,040 15,249 2,488 2,234 Differences in accounting methods 54 59 165 172 Corporate and other (104 ) (116 ) 638 (414 ) Eliminations/Interest (201 ) (174 ) (40 ) (45 ) (550 ) (482 ) (126 ) (137 ) Total $ 5,503 5,126 796 744 16,490 14,767 3,165 1,855 Industrial Automation intersegment sales for the quarters ended June 30, 2016 and 2015 were $160 million and $184 million , respectively, and year-to-date $440 million and $496 million . Corporate and other for the third quarter of 2016 includes separation costs of $28 million and an $18 million gain on payments received related to dumping duties. The year-to-date change includes separation costs of $83 million , higher incentive stock compensation of $68 million primarily due to an increasing stock price in the current year compared with a decreasing price in the prior year, and overlap of awards, and a $932 million gain on the power transmission solutions divestiture in 2015. See Note 11.

Acquisitions and Divestitures -

Acquisitions and Divestitures -	9 Months Ended
	Jun. 30, 2016
Disclosure Text Block Supplement [Abstract]
Acquisitions and Divestitures	The Company previously announced plans to divest its network power systems business through a spinoff to shareholders or sale, and that it was exploring strategic alternatives, including potential sale, of its power generation, motors and drives businesses. The Company entered into an agreement as of July 29, 2016 to sell its network power systems business for $4.0 billion in cash, subject to certain post-closing adjustments, and will retain a subordinated interest in distributions, contingent upon the equity holders first receiving a threshold return on their initial investment. This business had 2015 sales of $4.4 billion and pretax earnings of $255 million , and comprises the Network Power segment. The network power systems business provides mission-critical infrastructure products and solutions and life cycle management services for vital applications in data centers, communication networks, and commercial/industrial environments. Also, on July 30, 2016, the Company entered into an agreement to sell its power generation, motors and drives businesses for a value of $1.2 billion, representing cash plus assumption of certain postretirement liabilities by the buyer, subject to certain post-closing adjustments. These businesses, which are reported in the Industrial Automation segment, had 2015 sales of $1.7 billion and pretax earnings of $105 million , and provide low, medium and high voltage alternators and other power generation equipment and commercial and industrial motors and drives, which are used in a wide variety of manufacturing and industrial applications. The transactions are expected to close by the end of calendar year 2016 subject to customary regulatory approvals. These businesses will be reflected as held-for-sale in the full-year fiscal 2016 financial statements, and sales and earnings will be reported in discontinued operations. Combined, the Company preliminarily expects to recognize a pretax gain of $450 million to $550 million and an after-tax loss of $50 to $150 million ( $0.08 to $0.23 per share). Approximately $100 million ( $0.15 per share) of the combined loss is expected to be recognized in the fourth quarter of fiscal 2016 related to the sale of the power generation, motors and drives businesses. In addition, the Company may incur U.S. tax costs of approximately $200 million ( $0.30 per share) for repatriation of approximately $1.5 billion of proceeds expected to be received offshore in connection with the sale transactions. The Company will make a decision regarding repatriation when the transactions are completed. The Company currently estimates it will incur total separation costs in 2016 related to these transactions of approximately $200 to $250 million ( $0.30 to $0.38 per share) for income taxes related to reorganizing the ownership structures of these businesses, and legal, consulting, investment banking and other costs. In the third quarter of 2016, the Company incurred separation costs of $37 million , or $0.06 per share, which consists of income tax expense of $13 million and other costs of $28 million ( $24 million after-tax). Year-to-date separation costs were $115 million , or $0.18 per share, comprised of income tax expense of $41 million and other costs of $83 million ( $74 million after-tax). During 2016, the Company completed four acquisitions, three in Process Management's final control and measurement devices businesses and one in Climate Technologies, which had combined annualized sales of approximately $28 million . Total cash paid for all businesses was $62 million , net of cash acquired. The Company recognized goodwill of $30 million ( $26 million of which is expected to be tax deductible) and other intangible assets of $23 million , primarily customer relationships and intellectual property with a weighted-average life of approximately 10 years . In the second quarter of 2015, the Company sold its power transmission solutions business to Regal Beloit Corporation for $1.4 billion and recognized a pretax gain of $932 million ( $528 million after-tax, $0.77 per share).

Weighted Average Common Shares

Weighted Average Common Shares (Tables)	9 Months Ended
	Jun. 30, 2016
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Schedule Of Basic And Diluted Earnings Per Share Reconciliation	Three Months Ended Nine Months Ended 2015 2016 2015 2016 Basic shares outstanding 665.7 642.2 679.3 644.7 Dilutive shares 3.2 3.0 3.3 2.7 Diluted shares outstanding 668.9 645.2 682.6 647.4

Other Financial Information (Ta

Other Financial Information (Tables)	9 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Inventories	Sept. 30, 2015 June 30, 2016 Inventories Finished products $ 680 676 Raw materials and work in process 1,167 1,273 Total $ 1,847 1,949
Property, Plant And Equipment, Net	Property, plant and equipment, net Property, plant and equipment, at cost $ 8,931 9,115 Less: Accumulated depreciation 5,346 5,594 Total $ 3,585 3,521
Goodwill By Business Segment	Goodwill by business segment Process Management $ 2,790 2,802 Industrial Automation 1,031 1,029 Network Power 2,144 2,132 Climate Technologies 492 506 Commercial & Residential Solutions 196 198 Total $ 6,653 6,667
Accrued Expenses	Sept. 30, 2015 June 30, 2016 Accrued expenses include the following Employee compensation $ 597 598 Customer advanced payments $ 450 514 Product warranty $ 167 169
Other Liabilities	Sept. 30, 2015 June 30, 2016 Other liabilities Pension liabilities $ 662 535 Deferred income taxes 408 461 Postretirement liabilities, excluding current portion 199 196 Other 602 547 Total $ 1,871 1,739

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivative Instruments	The following gains and losses are included in earnings and other comprehensive income (OCI) for the three and nine months ended June 30, 2016 and 2015 (in millions): Into Earnings Into OCI 3rd Quarter Nine Months 3rd Quarter Nine Months Gains (Losses) Location 2015 2016 2015 2016 2015 2016 2015 2016 Commodity Cost of sales $ (6 ) (10 ) (16 ) (30 ) (7 ) — (26 ) (10 ) Foreign currency Sales, cost of sales (3 ) (12 ) (3 ) (27 ) (2 ) (18 ) (29 ) (25 ) Foreign currency Other deductions, net (2 ) (9 ) 12 (16 ) Total $ (11 ) (31 ) (7 ) (73 ) (9 ) (18 ) (55 ) (35 )
Fair Value Measurements	Valuations of derivative contract positions are summarized below (in millions): September 30, 2015 June 30, 2016 Assets Liabilities Assets Liabilities Foreign Currency $ 30 65 8 46 Commodity $ — 29 1 10

Equity Roll Forward (Tables)

Equity Roll Forward (Tables)	9 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Stockholders' Equity	The change in equity for the first nine months of 2016 is shown below (in millions): Common Stockholders' Equity Noncontrolling Interests in Subsidiaries Total Equity Balance at September 30, 2015 $ 8,081 47 8,128 Net earnings 1,197 22 1,219 Other comprehensive income (loss) 53 2 55 Cash dividends (922 ) (17 ) (939 ) Net purchases of common stock (508 ) — (508 ) Balance at June 30, 2016 $ 7,901 54 7,955

Accumulated Other Comprehensi23

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Activity in accumulated other comprehensive income (loss) for the three and nine months ended June 30, 2016 and 2015 is shown below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Foreign currency translation Beginning balance $ (560 ) (651 ) 171 (622 ) Other comprehensive income (loss) 190 (10 ) (541 ) (39 ) Ending balance (370 ) (661 ) (370 ) (661 ) Pension and postretirement Beginning balance (690 ) (899 ) (746 ) (952 ) Amortization of deferred actuarial losses into earnings 27 25 83 78 Ending balance (663 ) (874 ) (663 ) (874 ) Cash flow hedges Beginning balance (23 ) (32 ) — (43 ) Deferral of gains (losses) arising during the period (6 ) (11 ) (35 ) (22 ) Reclassification of realized (gains) losses to sales and cost of sales 6 14 12 36 Ending balance (23 ) (29 ) (23 ) (29 ) Accumulated other comprehensive income (loss) $ (1,056 ) (1,564 ) (1,056 ) (1,564 ) Activity above is shown net of income taxes for the three and nine months ended June 30, 2016 and 2015, respectively, as follows: amortization of pension and postretirement deferred actuarial losses: $(15), $(16), $(43) and $(46); deferral of cash flow hedging gains (losses): $7, $3, $13 and $20; reclassification of realized cash flow hedging (gains) losses: $(8), $(3), $(21) and $(7).

Pension & Postretirement Expe24

Pension & Postretirement Expenses (Tables)	9 Months Ended
	Jun. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Summary of Pension and Postretirement Plan Expenses	Total periodic pension and postretirement expense is summarized below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Service cost $ 27 22 81 67 Interest cost 60 50 181 149 Expected return on plan assets (92 ) (88 ) (276 ) (264 ) Net amortization 43 40 128 121 Total $ 38 24 114 73

Other Deductions, Net (Tables)

Other Deductions, Net (Tables)	9 Months Ended
	Jun. 30, 2016
Other Income and Expenses [Abstract]
Schedule of Other Deductions, net	Other deductions, net are summarized below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Amortization of intangibles $ 52 46 160 143 Rationalization of operations 36 15 89 43 Separation costs — 28 — 83 Other 34 13 73 69 Total $ 122 102 322 338

Rationalization Of Operations (

Rationalization Of Operations (Tables)	9 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Rationalization Of Operations By Segment	Rationalization of operations expense by segment is provided below (in millions): Three Months Ended Nine Months Ended 2015 2016 2015 2016 Process Management $ 12 7 37 20 Industrial Automation 4 5 8 9 Network Power 17 (1 ) 31 5 Climate Technologies 2 1 8 4 Commercial & Residential Solutions 1 — 5 2 Corporate — 3 — 3 Total $ 36 15 89 43
Change In Liability For Rationalization Costs	Details of the change in the liability for rationalization during the nine months ended June 30, 2016 follow (in millions): Sept. 30, 2015 Expense Paid/Utilized June 30, 2016 Severance and benefits $ 105 23 88 40 Lease and other contract terminations 1 2 2 1 Vacant facility and other shutdown costs 3 6 8 1 Start-up and moving costs 3 12 13 2 Total $ 112 43 111 44

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Results Of Operations By Business Segment	Summarized information about the Company's results of operations by business segment follows (in millions): Three Months Ended June 30, Nine Months Ended June 30, Sales Earnings Sales Earnings 2015 2016 2015 2016 2015 2016 2015 2016 Process Management $ 2,084 1,804 373 271 6,225 5,438 1,064 807 Industrial Automation 990 883 156 130 3,176 2,561 464 341 Network Power 1,028 1,111 37 101 3,210 3,180 150 268 Climate Technologies 1,125 1,102 222 247 3,007 2,884 518 544 Commercial & Residential Solutions 477 400 98 97 1,422 1,186 292 274 5,704 5,300 886 846 17,040 15,249 2,488 2,234 Differences in accounting methods 54 59 165 172 Corporate and other (104 ) (116 ) 638 (414 ) Eliminations/Interest (201 ) (174 ) (40 ) (45 ) (550 ) (482 ) (126 ) (137 ) Total $ 5,503 5,126 796 744 16,490 14,767 3,165 1,855

Weighted Average Common Share28

Weighted Average Common Shares (Schedule Of Basic And Diluted Earnings Per Share Reconciliation) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares outstanding	642.2	665.7	644.7	679.3
Dilutive shares	3	3.2	2.7	3.3
Diluted shares outstanding	645.2	668.9	647.4	682.6

Other Financial Information (De

Other Financial Information (Details) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Other Financial Information [Line Items]
Finished products	$ 676	$ 680
Raw materials and work in process	1,273	1,167
Total	1,949	1,847
Property, plant and equipment, at cost	9,115	8,931
Less: Accumulated depreciation	5,594	5,346
Total	3,521	3,585
Goodwill, net	6,667	6,653
Goodwill, gross	7,313	7,299
Employee compensation	598	597
Customer advanced payments	514	450
Product warranty	169	167
Pension liabilities	535	662
Deferred income taxes	461	408
Postretirement liabilities, excluding current portion	196	199
Other	547	602
Total	1,739	1,871
Process Management [Member]
Other Financial Information [Line Items]
Goodwill, net	2,802	2,790
Industrial Automation [Member]
Other Financial Information [Line Items]
Goodwill, net	1,029	1,031
Network Power [Member]
Other Financial Information [Line Items]
Goodwill, net	2,132	2,144
Goodwill, accumulated impairment losses	646	646
Climate Technologies [Member]
Other Financial Information [Line Items]
Goodwill, net	506	492
Commercial & Residential Solutions [Member]
Other Financial Information [Line Items]
Goodwill, net	$ 198	$ 196

Financial Instruments (Schedule

Financial Instruments (Schedule Of Derivative Instruments) (Details) lb in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016USD ($)lb	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)lb	Jun. 30, 2015USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to earnings	$ (31)	$ (11)	$ (73)	$ (7)
Gain (loss) to other comprehensive income	(18)	(9)	(35)	(55)
Commodity Contract [Member] | Cash Flow Hedging [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	0	(7)	(10)	(26)
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	(10)	(6)	(30)	(16)
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of foreign currency hedge positions	1,500		1,500
Foreign Exchange Contract [Member] | Other deductions, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to earnings	(9)	(2)	(16)	12
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(18)	(2)	(25)	(29)
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales, Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	(12)	$ (3)	(27)	$ (3)
All Commodity Hedges [Member] [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of commodities hedged	$ 107		$ 107
Copper and Aluminum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Weight in pounds of copper and aluminum commodity hedges | lb	50		50

Financial Instruments (Fair Val

Financial Instruments (Fair Value Measurements) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Derivatives, Fair Value [Line Items]
Fair value of long-term debt compared with carrying value	$ (497)
Collateral posted to counterparties	0
Collateral held from counterparties	0
Maximum collateral that could have been required	49
Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of long-term debt	4,826
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	8	$ 30
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Liabilities [Member] | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	46	65
Cash Flow Hedging [Member] | Commodity Contract [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	1	0
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Liabilities [Member] | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ 10	$ 29

Equity Roll Forward (Schedule O

Equity Roll Forward (Schedule Of Change In Equity) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 8,128
Net earnings common stockholders	$ 479	$ 564	1,197	$ 2,062
Noncontrolling interests in earnings	11	10	22	20
Net earnings	490	574	1,219	2,082
Other comprehensive income (loss)	19	$ 216	55	$ (483)
Cash dividends			(939)
Net purchases of common stock			(508)
Ending balance	7,955		7,955
Parent Company [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			8,081
Other comprehensive income (loss)			53
Cash dividends			(922)
Net purchases of common stock			(508)
Ending balance	7,901		7,901
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			47
Other comprehensive income (loss)			2
Cash dividends			(17)
Net purchases of common stock			0
Ending balance	$ 54		$ 54

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2015
Accumulated other comprehensive income [Roll Forward]
Beginning balance			$ 8,128
Ending balance	$ 7,955		7,955
Accumulated other comprehensive income (loss)	(1,564)	$ (1,056)	(1,564)	$ (1,056)	$ (1,617)
Foreign currency translation [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(651)	(560)	(622)	171
Other comprehensive income (loss)	(10)	190	(39)	(541)
Ending balance	(661)	(370)	(661)	(370)
Pension and post retirement [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(899)	(690)	(952)	(746)
Amortization of deferred actuarial losses into earnings	25	27	78	83
Ending balance	(874)	(663)	(874)	(663)
Cash Flow Hedges [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(32)	(23)	(43)	0
Deferral of gains (losses) arising during the period	(11)	(6)	(22)	(35)
Reclassification of realized (gains) losses to sales and cost of sales	14	6	36	12
Ending balance	$ (29)	$ (23)	$ (29)	$ (23)

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Income (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pension and post retirement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of deferred actuarial losses, tax	$ (15)	$ (16)	$ (43)	$ (46)
Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Deferred cash flow hedging gains (losses), tax	7	3	13	20
Reclass of deferred cash flow hedging (losses), tax	$ (8)	$ (3)	$ (21)	$ (7)

Pension & Postretirement Expe35

Pension & Postretirement Expenses (Summary Of Net Periodic Pension And Net Postretirement Plan Expenses) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2016
Pension And Postretirement Plan Expenses [Line Items]
Service cost	$ 22	$ 27	$ 67	$ 81
Interest cost	50	60	149	181
Expected return on plan assets	(88)	(92)	(264)	(276)
Net amortization	40	43	121	128
Total	$ 24	$ 38	$ 73	$ 114
Change in Assumptions for Pension Plans [Member] | Scenario, Forecast [Member]
Pension And Postretirement Plan Expenses [Line Items]
Discount rate used to measure service cost for pension expense					4.60%
Discount rate used to measure interest cost for pension expense					3.50%
Defined benefit plan, assumptions used calculating net periodic benefit cost, discount rate					4.35%
Change in estimated service cost and interest cost for pension expense					$ (38)
Change in estimated service cost and interest cost for pension expense per share					$ (0.04)

Other Deductions, Net (Schedule

Other Deductions, Net (Schedule Of Other Deductions, Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other deductions, net [Line Items]
Amortization of intangibles	$ 46	$ 52	$ 143	$ 160
Rationalization of operations	15	36	43	89
Separation costs	28	0	83	0
Other	13	34	69	73
Total	102	$ 122	$ 338	$ 322
Dumping duties received	$ 18

Rationalization Of Operations37

Rationalization Of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2016
Restructuring Reserve [Roll Forward]
Beginning rationalization of operations liability			$ 112
Rationalization of operations, expense	$ 15	$ 36	43	$ 89
Rationalization of operations, paid			111
Ending rationalization of operations liability	44		44
Severance and benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning rationalization of operations liability			105
Rationalization of operations, expense			23
Rationalization of operations, paid			88
Ending rationalization of operations liability	40		40
Lease and other contract terminations [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		1
Vacant facility and other shutdown costs [Member]
Restructuring Reserve [Roll Forward]
Beginning rationalization of operations liability			3
Rationalization of operations, expense			6
Rationalization of operations, paid			8
Ending rationalization of operations liability	1		1
Start-up and moving costs [Member]
Restructuring Reserve [Roll Forward]
Beginning rationalization of operations liability			3
Rationalization of operations, expense			12
Rationalization of operations, paid			13
Ending rationalization of operations liability	2		2
Process Management [Member]
Restructuring Reserve [Roll Forward]
Rationalization of operations, expense	7	12	20	37
Industrial Automation [Member]
Restructuring Reserve [Roll Forward]
Rationalization of operations, expense	5	4	9	8
Network Power [Member]
Restructuring Reserve [Roll Forward]
Rationalization of operations, expense	(1)	17	5	31
Climate Technologies [Member]
Restructuring Reserve [Roll Forward]
Rationalization of operations, expense	1	2	4	8
Commercial & Residential Solutions [Member]
Restructuring Reserve [Roll Forward]
Rationalization of operations, expense	0	1	2	5
Corporate [Member]
Restructuring Reserve [Roll Forward]
Rationalization of operations, expense	$ 3	$ 0	$ 3	$ 0
Minimum [Member] | Scenario, Forecast [Member]
Restructuring Reserve [Roll Forward]
Expected fiscal year rationalization expense					$ 90
Maximum [Member] | Scenario, Forecast [Member]
Restructuring Reserve [Roll Forward]
Expected fiscal year rationalization expense					$ 100

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 5,126	$ 5,503	$ 14,767	$ 16,490
Earnings before income taxes	744	796	1,855	3,165
Pretax separation costs	28	0	83	0
Dumping duties received	18
Increase (decrease) in incentive stock compensation expense			68
Gain on divestiture of business	0	0	0	932
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	5,300	5,704	15,249	17,040
Earnings before income taxes	846	886	2,234	2,488
Operating Segments [Member] | Process Management [Member]
Segment Reporting Information [Line Items]
Net sales	1,804	2,084	5,438	6,225
Earnings before income taxes	271	373	807	1,064
Operating Segments [Member] | Industrial Automation [Member]
Segment Reporting Information [Line Items]
Net sales	883	990	2,561	3,176
Earnings before income taxes	130	156	341	464
Operating Segments [Member] | Network Power [Member]
Segment Reporting Information [Line Items]
Net sales	1,111	1,028	3,180	3,210
Earnings before income taxes	101	37	268	150
Operating Segments [Member] | Climate Technologies [Member]
Segment Reporting Information [Line Items]
Net sales	1,102	1,125	2,884	3,007
Earnings before income taxes	247	222	544	518
Operating Segments [Member] | Commercial & Residential Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	400	477	1,186	1,422
Earnings before income taxes	97	98	274	292
Differences in accounting methods [Member]
Segment Reporting Information [Line Items]
Earnings before income taxes	59	54	172	165
Corporate and other [Member]
Segment Reporting Information [Line Items]
Earnings before income taxes	(116)	(104)	(414)	638
Eliminations/Interest [Member]
Segment Reporting Information [Line Items]
Net sales	174	201	482	550
Earnings before income taxes	45	40	137	126
Eliminations/Interest [Member] | Industrial Automation [Member]
Segment Reporting Information [Line Items]
Net sales	$ 160	$ 184	$ 440	$ 496

Acquisitions and Divestitures39

Acquisitions and Divestitures - Divestitures (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Divestiture Information [Line Items]
Net sales		$ 5,126	$ 5,503	$ 14,767	$ 16,490
Earnings before income taxes		744	796	1,855	3,165
Proceeds from divestiture of business				0	1,399
Total after-tax separation costs		$ 37		$ 115
Total after-tax separation costs per share		$ 0.06		$ 0.18
Income tax expense related to planned strategic repositioning actions		$ 13		$ 41
Pretax separation costs		28	0	83	0
After-tax separation costs		24		74
Gain on divestiture of business		$ 0	$ 0	0	932
Gain on divestiture of business, after tax				0	528
Scenario, Forecast [Member] | Minimum [Member]
Divestiture Information [Line Items]
Total after-tax separation costs						$ 200
Total after-tax separation costs per share						$ 0.30
Scenario, Forecast [Member] | Maximum [Member]
Divestiture Information [Line Items]
Total after-tax separation costs						$ 250
Total after-tax separation costs per share						$ 0.38
Power Transmission Solutions [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Divestiture Information [Line Items]
Proceeds from divestiture of business					1,400
Gain on divestiture of business					932
Gain on divestiture of business, after tax					$ 528
Gain on divestiture impact on diluted earnings per share					$ 0.77
Network Power [Member]
Divestiture Information [Line Items]
Estimated cash to be received upon separation of business				4,000
Net sales							$ 4,400
Earnings before income taxes							255
Power Generation, Motors and Drives Businesses [Member]
Divestiture Information [Line Items]
Net sales							1,700
Estimated value to be received upon separation of businesses				1,200
Earnings before income taxes							$ 105
Power Generation, Motors and Drives Businesses [Member] | Scenario, Forecast [Member]
Divestiture Information [Line Items]
Discontinued operation, gain (loss) on disposal, after-tax	$ (100)
Impact to diluted earnings per share of disposal gain (loss) on discontinued operations	$ (0.15)
Combined, Network Power and Power Generation, Motors and Drives Businesses [Member]
Divestiture Information [Line Items]
Potential U.S. tax costs due to repatriation of cash related to separation of businesses				$ 200
Potential U.S. tax cost due to repatriation of cash related to separation of businesses, per share				$ 0.30
Potential repatriation of cash related to separation of businesses				$ 1,500
Combined, Network Power and Power Generation, Motors and Drives Businesses [Member] | Minimum [Member]
Divestiture Information [Line Items]
Estimated pretax gain (loss) to be recognized upon separation of businesses				450
Estimated after-tax gain (loss) to be recognized upon separation of businesses				$ (50)
Estimated after-tax gain (loss) to be recognized upon separation of businesses, per share				$ (0.08)
Combined, Network Power and Power Generation, Motors and Drives Businesses [Member] | Maximum [Member]
Divestiture Information [Line Items]
Estimated pretax gain (loss) to be recognized upon separation of businesses				$ 550
Estimated after-tax gain (loss) to be recognized upon separation of businesses				$ (150)
Estimated after-tax gain (loss) to be recognized upon separation of businesses, per share				$ (0.23)

Acquisitions and Divestitures40

Acquisitions and Divestitures - Acquisitions (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Acquisition Information [Line Items]
Net sales	$ 5,126	$ 5,503	$ 14,767	$ 16,490
Payments to acquire businesses, net of cash acquired			62	$ 250
Goodwill	6,667		$ 6,667		$ 6,653
Series of Individually Immaterial Business Acquisitions [Member]
Acquisition Information [Line Items]
Number of individually immaterial businesses acquired			4
Net sales					28
Payments to acquire businesses, net of cash acquired			$ 62
Goodwill	30		30
Goodwill, expected tax deductible amount	26		26
Business combination, recognized identifiable assets acquired and liabilities assumed, finite-lived intangibles	23		$ 23
Acquired finite-lived intangible assets, weighted average useful lives			10 years
Process Management [Member]
Acquisition Information [Line Items]
Goodwill	2,802		$ 2,802		2,790
Process Management [Member] | Series of Individually Immaterial Business Acquisitions [Member]
Acquisition Information [Line Items]
Number of individually immaterial businesses acquired			3
Climate Technologies [Member]
Acquisition Information [Line Items]
Goodwill	$ 506		$ 506		$ 492
Climate Technologies [Member] | Series of Individually Immaterial Business Acquisitions [Member]
Acquisition Information [Line Items]
Number of individually immaterial businesses acquired			1