Emerson Electric (EMR) 10-Q 24 Apr 20 2020 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Mar. 31, 2020shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-278
Entity Registrant Name	EMERSON ELECTRIC CO.
Entity Central Index Key	0000032604
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	43-0259330
Entity Address, Address Line One	8000 W. Florissant Ave.
Entity Address, Address Line Two	P.O. Box 4100
Entity Address, City or Town	St. Louis,
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63136
City Area Code	314
Local Phone Number	553-2000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	597,475,300
Amendment Flag	false
NEW YORK STOCK EXCHANGE, INC. [Member] | Common Stock of $0.50 par value per share [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock of $0.50 par value per share
Trading Symbol	EMR
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 0.375% Notes due 2024 [Member]
Entity Information [Line Items]
Title of 12(b) Security	0.375% Notes due 2024
Trading Symbol	EMR 24
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 1.250% Notes due 2025 [Member]
Entity Information [Line Items]
Title of 12(b) Security	1.250% Notes due 2025
Trading Symbol	EMR 25A
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 2.000% Notes due 2029 [Member]
Entity Information [Line Items]
Title of 12(b) Security	2.000% Notes due 2029
Trading Symbol	EMR 29
Security Exchange Name	NYSE
CHICAGO STOCK EXCHANGE, INC [Member] | Common Stock of $0.50 par value per share [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock of $0.50 par value per share
Trading Symbol	EMR
Security Exchange Name	CHX

Consolidated Statements Of Earn

Consolidated Statements Of Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net sales	$ 4,162	$ 4,570	$ 8,313	$ 8,717
Costs and expenses:
Cost of sales	2,412	2,645	4,804	5,031
Selling, general and administrative expenses	983	1,145	2,106	2,222
Other deductions, net	42	57	220	107
Interest expense (net of interest income of $6, $7, $12 and $12 respectively)	36	48	71	91
Earnings before income taxes	689	675	1,112	1,266
Income taxes	165	150	259	274
Net earnings	524	525	853	992
Less: Noncontrolling interests in earnings of subsidiaries	7	5	10	7
Net earnings common stockholders	$ 517	$ 520	$ 843	$ 985
Basic earnings per share common stockholders	$ 0.85	$ 0.85	$ 1.38	$ 1.59
Diluted earnings per share common stockholders	0.84	0.84	1.37	1.58
Cash dividends per common share	$ 0.50	$ 0.49	$ 1	$ 0.98

Consolidated Statements Of Ea_2

Consolidated Statements Of Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Interest income	$ 6	$ 7	$ 12	$ 12

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net earnings	$ 524	$ 525	$ 853	$ 992
Other comprehensive income (loss), net of tax:
Foreign currency translation	(281)	88	(182)	53
Pension and postretirement	30	12	58	25
Cash flow hedges	(75)	25	(56)	10
Total other comprehensive income (loss)	(326)	125	(180)	88
Comprehensive income	198	650	673	1,080
Less: Noncontrolling interests in comprehensive income of subsidiaries	8	6	11	8
Comprehensive income common stockholders	$ 190	$ 644	$ 662	$ 1,072

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Current assets
Cash and equivalents	$ 2,583	$ 1,494
Receivables, less allowances of $112 and $112, respectively	2,641	2,985
Inventories	2,058	1,880
Other current assets	750	780
Total current assets	8,032	7,139
Property, plant and equipment, net	3,553	3,642
Other assets
Goodwill	6,520	6,536
Other intangible assets	2,498	2,615
Other	1,108	565
Total other assets	10,126	9,716
Total assets	21,711	20,497
Current liabilities
Short-term borrowings and current maturities of long-term debt	3,741	1,444
Accounts payable	1,521	1,874
Accrued expenses	2,678	2,658
Total current liabilities	7,940	5,976
Long-term debt	3,960	4,277
Other liabilities	2,248	1,971
Equity
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 597.5 shares and 611.0 shares, respectively	477	477
Additional paid-in-capital	453	393
Retained earnings	24,431	24,199
Accumulated other comprehensive income (loss)	(1,903)	(1,722)
Cost of common stock in treasury, 355.9 shares and 342.4 shares, respectively	(15,941)	(15,114)
Common stockholders’ equity	7,517	8,233
Noncontrolling interests in subsidiaries	46	40
Total equity	7,563	8,273
Total liabilities and equity	$ 21,711	$ 20,497

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 112	$ 112
Common stock, par value per share	$ 0.50	$ 0.50
Common stock, shares authorized	1,200	1,200
Common stock, shares issued	953.4	953.4
Common stock, shares outstanding	597.5	611
Treasury stock, shares	355.9	342.4

Consolidated Statement of Equit

Consolidated Statement of Equity Statement - USD ($) $ in Millions	Total	Common stock	Additional paid-in-capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock	Noncontrolling interests in subsidiaries
Beginning balance at Sep. 30, 2018			$ 348	$ 23,072	$ (1,015)	$ (13,935)	$ 43
Statement [Roll Forward]
Stock plans			32
Net earnings common stockholders	$ 985			985
Dividends paid				(607)			(5)
Foreign currency translation	53				52
Pension and postretirement					25
Cash flow hedges	10				10
Purchases						(1,000)
Issued under stock plans						57
Net earnings							7
Other comprehensive income	88						1
Ending balance at Mar. 31, 2019	8,572	$ 477	380	23,475	(928)	(14,878)	46
Beginning balance at Dec. 31, 2018			375	23,252	(1,052)	(14,816)	40
Statement [Roll Forward]
Stock plans			5
Net earnings common stockholders	520			520
Dividends paid				(302)			0
Foreign currency translation	88				87
Pension and postretirement					12
Cash flow hedges	25				25
Purchases						(75)
Issued under stock plans						13
Net earnings							5
Other comprehensive income	125						1
Ending balance at Mar. 31, 2019	8,572	477	380	23,475	(928)	(14,878)	46
Statement [Roll Forward]
Common stockholders' equity	8,526
Common stockholders' equity	8,233
Beginning balance at Sep. 30, 2019	8,273		393	24,199	(1,722)	(15,114)	40
Statement [Roll Forward]
Stock plans			60
Net earnings common stockholders	843			843
Dividends paid				(611)			(5)
Foreign currency translation	(182)				(183)
Pension and postretirement					58
Cash flow hedges	(56)				(56)
Purchases						(942)
Issued under stock plans						115
Net earnings							10
Other comprehensive income	(180)						1
Ending balance at Mar. 31, 2020	7,563	477	453	24,431	(1,903)	(15,941)	46
Beginning balance at Dec. 31, 2019			447	24,220	(1,576)	(15,147)	38
Statement [Roll Forward]
Stock plans			6
Net earnings common stockholders	517			517
Dividends paid				(306)			0
Foreign currency translation	(281)				(282)
Pension and postretirement					30
Cash flow hedges	(75)				(75)
Purchases						(813)
Issued under stock plans						19
Net earnings							7
Other comprehensive income	(326)						1
Ending balance at Mar. 31, 2020	7,563	$ 477	$ 453	$ 24,431	$ (1,903)	$ (15,941)	$ 46
Statement [Roll Forward]
Common stockholders' equity	$ 7,517

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net earnings	$ 853	$ 992
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	422	406
Stock compensation	18	52
Pension expense	34	0
Changes in operating working capital	(260)	(530)
Other, net	(55)	(64)
Cash provided by operating activities	1,012	856
Investing activities
Capital expenditures	(225)	(274)
Purchases of businesses, net of cash and equivalents acquired	(96)	(243)
Divestitures of businesses	0	5
Other, net	(42)	(65)
Cash used in investing activities	(363)	(577)
Financing activities
Net increase in short-term borrowings	2,076	851
Proceeds from short-term borrowings greater than three months	433	0
Proceeds from long-term debt	0	1,135
Payments of long-term debt	(502)	(406)
Dividends paid	(611)	(607)
Purchases of common stock	(942)	(1,000)
Other, net	39	29
Cash provided by financing activities	493	2
Effect of exchange rate changes on cash and equivalents	(53)	10
Increase in cash and equivalents	1,089	291
Beginning cash and equivalents	1,494	1,093
Ending cash and equivalents	2,583	1,384
Changes in operating working capital
Receivables	283	175
Inventories	(216)	(205)
Other current assets	32	(82)
Accounts payable	(290)	(211)
Accrued expenses	(69)	(207)
Changes in operating working capital	$ (260)	$ (530)

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION 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, 2019. Certain prior year amounts have been reclassified to conform to current year presentation. On October 1, 2019, the Company adopted ASC 842, Leases, which requires rights and obligations related to lease arrangements to be recognized on the balance sheet, using the optional transition method under which prior periods were not adjusted. The Company elected the package of practical expedients for leases that commenced prior to the adoption date, which included carrying forward the historical lease classification as operating or finance. The adoption of ASC 842 resulted in the recognition of operating lease right-of-use assets and related lease liabilities of approximately $500 as of October 1, 2019, but did not materially impact the Company's earnings or cash flows for the three and six months ended March 31, 2020. On October 1, 2019, the Company adopted updates to ASC 815, Derivatives and Hedging

Revenue Recognition

Revenue Recognition	6 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Emerson is a global manufacturer that combines technology and engineering to provide innovative solutions to its customers, largely in the form of tangible products. The vast majority of the Company's revenues relate to a broad offering of manufactured products which are recognized at the point in time when control transfers, while a smaller portion is recognized over time or relates to sales arrangements with multiple performance obligations. See Note 13 for additional information about the Company's revenues. The following table summarizes the balances of the Company's unbilled receivables (contract assets), which are reported in Other current assets, and its customer advances (contract liabilities), which are reported in Accrued expenses. Sept 30, 2019 Mar 31, 2020 Unbilled receivables (contract assets) $ 456 397 Customer advances (contract liabilities) (519) (587) Net contract liabilities $ (63) (190) The majority of the Company's contract balances relate to arrangements where revenue is recognized over time and payments from customers are made according to a contractual billing schedule. The increase in net contract liabilities was due to customer billings which exceeded revenue recognized for performance completed during the period. Revenue recognized for the three and six months ended March 31, 2020 included approximately $56 and $326, respectively, that was included in the beginning contract liability balance. Other factors that impacted the change in net contract liabilities were immaterial. Revenue recognized for the six months ended March 31, 2020 for performance obligations that were satisfied in previous periods, including cumulative catchup adjustments on the Company's long-term contracts, was not material.

Weighted Average Common Shares

Weighted Average Common Shares	6 Months Ended
	Mar. 31, 2020
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted Average Common Shares	WEIGHTED-AVERAGE COMMON SHARES Reconciliations of weighted-average shares for basic and diluted earnings per common share follow. Earnings allocated to participating securities were inconsequential. Three Months Ended Six Months Ended 2019 2020 2019 2020 Basic shares outstanding 614.0 607.4 619.0 608.7 Dilutive shares 4.1 3.6 3.9 3.9 Diluted shares outstanding 618.1 611.0 622.9 612.6

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES During the first six months of 2020, the Company's acquisition spending totaled $96, net of cash acquired. The Company acquired eight businesses in 2019, all in the Automation Solutions segment, for $469, net of cash acquired. These eight businesses had combined annual sales of approximately $300. The Company recognized goodwill of $213 ($158 of which is expected to be tax deductible) and other identifiable intangible assets of $155, primarily customer relationships and intellectual property with a weighted-average life of approximately nine years.

Pension & Postretirement Expens

Pension & Postretirement Expenses	6 Months Ended
	Mar. 31, 2020
Defined Benefit Plan [Abstract]
Pension & Postretirement Plans	PENSION & POSTRETIREMENT PLANS Total periodic pension and postretirement (income) expense is summarized below: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Service cost $ 18 22 $ 36 44 Interest cost 50 40 100 80 Expected return on plan assets (88) (84) (176) (168) Net amortization 16 38 33 75 Total $ (4) 16 $ (7) 31

Other Deductions, Net

Other Deductions, Net	6 Months Ended
	Mar. 31, 2020
Other Income and Expenses [Abstract]
Other Deductions, Net	OTHER DEDUCTIONS, NET Other deductions, net are summarized below: Three Months Ended Six Months Ended 2019 2020 2019 2020 Amortization of intangibles (intellectual property and customer $ 60 59 $ 117 118 Restructuring costs 10 31 20 128 Special advisory fees — — — 13 Other (13) (48) (30) (39) Total $ 57 42 $ 107 220 In the second quarter of fiscal 2020, the change in Other included favorable impacts from foreign currency transactions of $36 and supplemental retirement plans of $16, partially offset by an unfavorable impact from pensions of $16. On a year-to-date basis, the change in Other reflects a favorable impact from foreign currency transactions of $22 and lower litigation costs, partially offset by an unfavorable impact from pensions of $30.

Restructuring Costs

Restructuring Costs	6 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring Costs	RESTRUCTURING COSTS Restructuring 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 costs incurred in the first half of fiscal 2020 largely relate to the Company's initiatives to improve operating margins that began in the third quarter of fiscal 2019 and include workforce reductions of approximately 1,800 employees. The Company expects fiscal 2020 restructuring expense and related costs to be approximately $280, an increase of $65 compared to its previous estimate, including costs to complete actions initiated in the first half of the year. Restructuring expense by business segment follows: Three Months Ended Six Months Ended 2019 2020 2019 2020 Automation Solutions $ 6 23 11 106 Climate Technologies 1 2 4 9 Tools & Home Products 2 5 4 8 Commercial & Residential Solutions 3 7 8 17 Corporate 1 1 1 5 Total $ 10 31 20 128 Details of the change in the liability for restructuring costs during the six months ended March 31, 2020 follow: Sept 30, 2019 Expense Utilized/Paid Mar 31, 2020 Severance and benefits $ 62 105 57 110 Other 7 23 26 4 Total $ 69 128 83 114

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income taxes were $165 in the second quarter of fiscal 2020 and $150 in 2019, resulting in effective tax rates of 24 percent and 22 percent, respectively. The current year rate included unfavorable discrete items, which increased the rate 1 percentage point, while the prior year rate included favorable discrete tax items, which reduced the rate 2 percentage points. Income taxes were $259 for the first six months of 2020 and $274 for 2019, resulting in effective tax rates of 23 percent and 22 percent, respectively. The prior year rate included favorable discrete items, which reduced the rate 2 percentage points.

Leases

Leases	6 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	LEASES The Company leases offices; manufacturing facilities and equipment; and transportation, information technology and office equipment under operating lease arrangements. Finance lease arrangements are immaterial. The Company determines whether an arrangement is, or contains, a lease at contract inception. An arrangement contains a lease if the Company has the right to direct the use of and obtain substantially all of the economic benefits of an identified asset. Right-of-use assets and lease liabilities are recognized at lease commencement based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less are not recognized on the balance sheet and are recorded as short-term lease expense. The discount rate used to calculate present value is the Company's incremental borrowing rate based on the lease term and the economic environment of the applicable country or region. Certain leases contain renewal options or options to terminate prior to lease expiration, which are included in the measurement of right-of-use assets and lease liabilities when it is reasonably certain they will be exercised. The Company has elected to account for lease and non-lease components as a single lease component for its offices and manufacturing facilities. Some lease arrangements include payments that are adjusted periodically based on actual charges incurred for common area maintenance, utilities, taxes and insurance, or changes in an index or rate referenced in the lease. The fixed portion of these payments is included in the measurement of right-of-use assets and lease liabilities at lease commencement, while the variable portion is recorded as variable lease expense. The Company's leases typically do not contain material residual value guarantees or restrictive covenants. The components of lease expense for the three and six months ended March 31, 2020 were as follows: Three Months Ended Six Months Ended March 31, 2020 Operating lease expense $ 53 106 Variable lease expense $ 5 10 Short-term lease expense and sublease income were immaterial for the three and six months ended March 31, 2020. Cash paid for operating leases is classified within operating cash flows and was $101 for the six months ended March 31, 2020. Operating lease right-of-use asset additions were $123 for the six months ended March 31, 2020. The following table summarizes the balances of the Company's operating lease right-of-use assets and operating lease liabilities as of March 31, 2020, the vast majority of which relates to offices and manufacturing facilities: Mar 31, 2020 Right-of-use assets (Other assets) $ 496 Current lease liabilities (Accrued expenses) $ 148 Noncurrent lease liabilities (Other liabilities) $ 353 The weighted-average remaining lease term for operating leases was 5.2 years and the weighted-average discount rate was 2.8 percent as of March 31, 2020. Future maturities of operating lease liabilities as of March 31, 2020 are summarized below: Mar 31, 2020 Remainder of 2020 $ 84 2021 132 2022 100 2023 73 2024 51 Thereafter 94 Total lease payments 534 Less: Interest 33 Total lease liabilities $ 501 Lease commitments that have not yet commenced were immaterial as of March 31, 2020.

Other Financial Information

Other Financial Information	6 Months Ended
	Mar. 31, 2020
Disclosure Text Block [Abstract]
Other Financial Information	OTHER FINANCIAL INFORMATION Sept 30, 2019 Mar 31, 2020 Inventories Finished products $ 578 641 Raw materials and work in process 1,302 1,417 Total $ 1,880 2,058 Property, plant and equipment, net Property, plant and equipment, at cost $ 8,671 8,734 Less: Accumulated depreciation 5,029 5,181 Total $ 3,642 3,553 Goodwill by business segment Automation Solutions $ 5,467 5,404 Climate Technologies 668 726 Tools & Home Products 401 390 Commercial & Residential Solutions 1,069 1,116 Total $ 6,536 6,520 Other intangible assets Gross carrying amount $ 4,872 4,916 Less: Accumulated amortization 2,257 2,418 Net carrying amount $ 2,615 2,498 Other intangible assets include customer relationships of $1,305 and $1,391 as of March 31, 2020 and September 30, 2019, respectively. Sept 30, 2019 Mar 31, 2020 Other assets include the following: Operating lease right-of-use assets $ — 496 Pension assets 164 230 Asbestos-related insurance receivables 115 105 Deferred income taxes 97 83 Accrued expenses include the following: Customer advances (contract liabilities) $ 519 587 Employee compensation 606 512 Operating lease liabilities (current) — 148 Product warranty 140 134 Other liabilities include the following: Pension and postretirement liabilities $ 775 770 Operating lease liabilities (noncurrent) — 353 Deferred income taxes 327 339 Asbestos litigation 313 305

Financial Instruments

Financial Instruments	6 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Following is a discussion regarding the Company’s use of financial instruments: Hedging Activities – As of March 31, 2020, the notional amount of foreign currency hedge positions was approximately $2.2 billion, and commodity hedge contracts totaled approximately $122 (primarily 50 million pounds of copper and aluminum). All derivatives receiving hedge accounting are cash flow hedges. The majority of hedging gains and losses deferred as of March 31, 2020 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 hedge accounting. Net Investment Hedge – In fiscal 2019, the Company issued euro-denominated debt of €1.5 billion. The euro notes reduce foreign currency risk associated with the Company's international subsidiaries that use the euro as their functional currency and have been designated as a hedge of a portion of the investment in these operations. Foreign currency gains or losses associated with the euro-denominated debt are deferred in accumulated other comprehensive income (loss) and will remain until the hedged investment is sold or substantially liquidated. The following gains and losses are included in earnings and other comprehensive income (OCI) for the three and six months ended March 31, 2020 and 2019: Into Earnings Into OCI 2nd Quarter Six Months 2nd Quarter Six Months Gains (Losses) Location 2019 2020 2019 2020 2019 2020 2019 2020 Commodity Cost of sales $ (3) (1) (6) (4) 10 (23) 3 (16) Foreign currency Sales (1) (1) (3) (3) (1) (8) (2) (5) Foreign currency Cost of sales 5 4 9 11 23 (66) 12 (49) Foreign currency Other deductions, net 29 13 40 21 Net Investment Hedges Euro denominated debt 6 57 6 31 Total $ 30 15 $ 40 25 38 (40) 19 (39) Regardless of whether derivatives and non-derivative financial instruments receive hedge 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 hedge accounting are highly effective and no amounts were excluded from the assessment of hedge effectiveness. 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 March 31, 2020, the fair value of long-term debt was $4.5 billion, which exceeded the carrying value by $280. The fair values of commodity and foreign currency contracts were reported in Other current assets and Accrued expenses and did not materially change since September 30, 2019.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Activity in Accumulated other comprehensive income (loss) for the three and six months ended March 31, 2020 and 2019 is shown below, net of income taxes: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Foreign currency translation Beginning balance $ (635) (695) (600) (794) Other comprehensive income (loss), net of tax of $(1), $(13), $(1) and $(7), respectively 87 (282) 52 (183) Ending balance (548) (977) (548) (977) Pension and postretirement Beginning balance (407) (900) (420) (928) Amortization of deferred actuarial losses into earnings, net of tax of $(4), $(8), $(8) and $(17), respectively 12 30 25 58 Ending balance (395) (870) (395) (870) Cash flow hedges Beginning balance (10) 19 5 — Deferral of gains (losses) arising during the period, net of tax of $(8), $23, $(3) and $17, respectively 24 (74) 10 (53) Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $0, $1, $0 and $1, respectively 1 (1) — (3) Ending balance 15 (56) 15 (56) Accumulated other comprehensive income (loss) $ (928) (1,903) (928) (1,903)

Business Segments

Business Segments	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segments	BUSINESS SEGMENTS Summarized information about the Company's results of operations by business segment follows: Three Months Ended March 31, Six Months Ended March 31, Sales Earnings Sales Earnings 2019 2020 2019 2020 2019 2020 2019 2020 Automation Solutions $ 3,010 2,709 444 391 5,809 5,561 851 701 Climate Technologies 1,092 1,026 226 217 1,972 1,899 372 368 Tools & Home Products 469 432 102 89 927 862 193 175 Commercial & Residential Solutions 1,561 1,458 328 306 2,899 2,761 565 543 Stock compensation (59) 38 (52) (18) Unallocated pension and 27 12 54 25 Corporate and other (17) (22) (61) (68) Eliminations/Interest (1) (5) (48) (36) 9 (9) (91) (71) Total $ 4,570 4,162 675 689 8,717 8,313 1,266 1,112 The decrease in stock compensation expense reflects the decline in the Company's stock price in the current year. Automation Solutions sales by major product offering are summarized below: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Measurement & Analytical Instrumentation $ 927 816 1,785 1,646 Valves, Actuators & Regulators 937 854 1,811 1,767 Industrial Solutions 574 494 1,116 1,001 Process Control Systems & Solutions 572 545 1,097 1,147 Automation Solutions $ 3,010 2,709 5,809 5,561 Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Automation Solutions $ 131 138 $ 260 277 Climate Technologies 45 45 90 89 Tools & Home Products 17 19 36 38 Commercial & Residential Solutions 62 64 126 127 Corporate and other 11 9 20 18 Total $ 204 211 $ 406 422 Sales by geographic destination are summarized below: Three Months Ended March 31, 2019 2020 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 1,523 1,082 2,605 1,346 1,037 2,383 Asia, Middle East & Africa 910 285 1,195 830 235 1,065 Europe 577 194 771 533 186 719 Total $ 3,010 1,561 4,571 2,709 1,458 4,167 Six Months Ended March 31, 2019 2020 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 2,928 1,989 4,917 2,756 1,900 4,656 Asia, Middle East & Africa 1,751 550 2,301 1,726 512 2,238 Europe 1,130 360 1,490 1,079 349 1,428 Total $ 5,809 2,899 8,708 5,561 2,761 8,322

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Contract Liabilities	The following table summarizes the balances of the Company's unbilled receivables (contract assets), which are reported in Other current assets, and its customer advances (contract liabilities), which are reported in Accrued expenses. Sept 30, 2019 Mar 31, 2020 Unbilled receivables (contract assets) $ 456 397 Customer advances (contract liabilities) (519) (587) Net contract liabilities $ (63) (190)

Weighted Average Common Shares

Weighted Average Common Shares (Tables)	6 Months Ended
	Mar. 31, 2020
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Schedule Of Basic And Diluted Earnings Per Share Reconciliation	Three Months Ended Six Months Ended 2019 2020 2019 2020 Basic shares outstanding 614.0 607.4 619.0 608.7 Dilutive shares 4.1 3.6 3.9 3.9 Diluted shares outstanding 618.1 611.0 622.9 612.6

Pension & Postretirement Expe_2

Pension & Postretirement Expenses (Tables)	6 Months Ended
	Mar. 31, 2020
Defined Benefit Plan [Abstract]
Schedule of Pension and Postretirement Plan Expenses	Total periodic pension and postretirement (income) expense is summarized below: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Service cost $ 18 22 $ 36 44 Interest cost 50 40 100 80 Expected return on plan assets (88) (84) (176) (168) Net amortization 16 38 33 75 Total $ (4) 16 $ (7) 31

Other Deductions, Net (Tables)

Other Deductions, Net (Tables)	6 Months Ended
	Mar. 31, 2020
Other Income and Expenses [Abstract]
Schedule of Other Deductions, net	Other deductions, net are summarized below: Three Months Ended Six Months Ended 2019 2020 2019 2020 Amortization of intangibles (intellectual property and customer $ 60 59 $ 117 118 Restructuring costs 10 31 20 128 Special advisory fees — — — 13 Other (13) (48) (30) (39) Total $ 57 42 $ 107 220

Restructuring Costs (Tables)

Restructuring Costs (Tables)	6 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expense by Segment	Restructuring expense by business segment follows: Three Months Ended Six Months Ended 2019 2020 2019 2020 Automation Solutions $ 6 23 11 106 Climate Technologies 1 2 4 9 Tools & Home Products 2 5 4 8 Commercial & Residential Solutions 3 7 8 17 Corporate 1 1 1 5 Total $ 10 31 20 128
Schedule of Change in Restructuring Reserve by Type of Cost	Details of the change in the liability for restructuring costs during the six months ended March 31, 2020 follow: Sept 30, 2019 Expense Utilized/Paid Mar 31, 2020 Severance and benefits $ 62 105 57 110 Other 7 23 26 4 Total $ 69 128 83 114

Leases (Tables)

Leases (Tables)	6 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Operating Lease Costs	The components of lease expense for the three and six months ended March 31, 2020 were as follows: Three Months Ended Six Months Ended March 31, 2020 Operating lease expense $ 53 106 Variable lease expense $ 5 10
Schedule of Operating Lease Assets and Liabilities	The following table summarizes the balances of the Company's operating lease right-of-use assets and operating lease liabilities as of March 31, 2020, the vast majority of which relates to offices and manufacturing facilities: Mar 31, 2020 Right-of-use assets (Other assets) $ 496 Current lease liabilities (Accrued expenses) $ 148 Noncurrent lease liabilities (Other liabilities) $ 353
Schedule of Future Maturities of Operating Lease Liabilities	Future maturities of operating lease liabilities as of March 31, 2020 are summarized below: Mar 31, 2020 Remainder of 2020 $ 84 2021 132 2022 100 2023 73 2024 51 Thereafter 94 Total lease payments 534 Less: Interest 33 Total lease liabilities $ 501

Other Financial Information (Ta

Other Financial Information (Tables)	6 Months Ended
	Mar. 31, 2020
Disclosure Text Block [Abstract]
Inventories	Sept 30, 2019 Mar 31, 2020 Inventories Finished products $ 578 641 Raw materials and work in process 1,302 1,417 Total $ 1,880 2,058
Property, Plant and Equipment, net	Property, plant and equipment, net Property, plant and equipment, at cost $ 8,671 8,734 Less: Accumulated depreciation 5,029 5,181 Total $ 3,642 3,553
Goodwill by Business Segment	Goodwill by business segment Automation Solutions $ 5,467 5,404 Climate Technologies 668 726 Tools & Home Products 401 390 Commercial & Residential Solutions 1,069 1,116 Total $ 6,536 6,520
Other Intangible Assets	Other intangible assets Gross carrying amount $ 4,872 4,916 Less: Accumulated amortization 2,257 2,418 Net carrying amount $ 2,615 2,498
Other Assets	Sept 30, 2019 Mar 31, 2020 Other assets include the following: Operating lease right-of-use assets $ — 496 Pension assets 164 230 Asbestos-related insurance receivables 115 105 Deferred income taxes 97 83
Accrued Expenses	Accrued expenses include the following: Customer advances (contract liabilities) $ 519 587 Employee compensation 606 512 Operating lease liabilities (current) — 148 Product warranty 140 134
Other Liabilities	Other liabilities include the following: Pension and postretirement liabilities $ 775 770 Operating lease liabilities (noncurrent) — 353 Deferred income taxes 327 339 Asbestos litigation 313 305

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivative Instruments	Into Earnings Into OCI 2nd Quarter Six Months 2nd Quarter Six Months Gains (Losses) Location 2019 2020 2019 2020 2019 2020 2019 2020 Commodity Cost of sales $ (3) (1) (6) (4) 10 (23) 3 (16) Foreign currency Sales (1) (1) (3) (3) (1) (8) (2) (5) Foreign currency Cost of sales 5 4 9 11 23 (66) 12 (49) Foreign currency Other deductions, net 29 13 40 21 Net Investment Hedges Euro denominated debt 6 57 6 31 Total $ 30 15 $ 40 25 38 (40) 19 (39)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Mar. 31, 2020
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 six months ended March 31, 2020 and 2019 is shown below, net of income taxes: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Foreign currency translation Beginning balance $ (635) (695) (600) (794) Other comprehensive income (loss), net of tax of $(1), $(13), $(1) and $(7), respectively 87 (282) 52 (183) Ending balance (548) (977) (548) (977) Pension and postretirement Beginning balance (407) (900) (420) (928) Amortization of deferred actuarial losses into earnings, net of tax of $(4), $(8), $(8) and $(17), respectively 12 30 25 58 Ending balance (395) (870) (395) (870) Cash flow hedges Beginning balance (10) 19 5 — Deferral of gains (losses) arising during the period, net of tax of $(8), $23, $(3) and $17, respectively 24 (74) 10 (53) Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $0, $1, $0 and $1, respectively 1 (1) — (3) Ending balance 15 (56) 15 (56) Accumulated other comprehensive income (loss) $ (928) (1,903) (928) (1,903)

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summarized information about the Company's results of operations by business segment follows: Three Months Ended March 31, Six Months Ended March 31, Sales Earnings Sales Earnings 2019 2020 2019 2020 2019 2020 2019 2020 Automation Solutions $ 3,010 2,709 444 391 5,809 5,561 851 701 Climate Technologies 1,092 1,026 226 217 1,972 1,899 372 368 Tools & Home Products 469 432 102 89 927 862 193 175 Commercial & Residential Solutions 1,561 1,458 328 306 2,899 2,761 565 543 Stock compensation (59) 38 (52) (18) Unallocated pension and 27 12 54 25 Corporate and other (17) (22) (61) (68) Eliminations/Interest (1) (5) (48) (36) 9 (9) (91) (71) Total $ 4,570 4,162 675 689 8,717 8,313 1,266 1,112 Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Automation Solutions $ 131 138 $ 260 277 Climate Technologies 45 45 90 89 Tools & Home Products 17 19 36 38 Commercial & Residential Solutions 62 64 126 127 Corporate and other 11 9 20 18 Total $ 204 211 $ 406 422
Schedule of Financial Information by Major Product Offering	Automation Solutions sales by major product offering are summarized below: Three Months Ended March 31, Six Months Ended March 31, 2019 2020 2019 2020 Measurement & Analytical Instrumentation $ 927 816 1,785 1,646 Valves, Actuators & Regulators 937 854 1,811 1,767 Industrial Solutions 574 494 1,116 1,001 Process Control Systems & Solutions 572 545 1,097 1,147 Automation Solutions $ 3,010 2,709 5,809 5,561
Schedule of Financial Information By Geographic Area	Sales by geographic destination are summarized below: Three Months Ended March 31, 2019 2020 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 1,523 1,082 2,605 1,346 1,037 2,383 Asia, Middle East & Africa 910 285 1,195 830 235 1,065 Europe 577 194 771 533 186 719 Total $ 3,010 1,561 4,571 2,709 1,458 4,167 Six Months Ended March 31, 2019 2020 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 2,928 1,989 4,917 2,756 1,900 4,656 Asia, Middle East & Africa 1,751 550 2,301 1,726 512 2,238 Europe 1,130 360 1,490 1,079 349 1,428 Total $ 5,809 2,899 8,708 5,561 2,761 8,322

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Mar. 31, 2020	Oct. 01, 2019	Sep. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 496		$ 0
Operating lease liabilities	$ 501
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 500
Operating lease liabilities		$ 500

Revenue Recognition Contract As

Revenue Recognition Contract Assets (Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Unbilled receivables (contract assets)	$ 397	$ 397	$ 456
Customer advances (contract liabilities)	(587)	(587)	(519)
Net contract liabilities	(190)	(190)	$ (63)
Revenue recognized, included in beginning contract liability	$ 56	$ 326

Revenue Recognition Performance

Revenue Recognition Performance Obligations (Details) $ in Billions	Mar. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Backlog	$ 5.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue from Contract with Customer [Abstract]
Percentage of backlog recognized as revenue, next 12 months	85.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	1 year

Weighted Average Common Share_2

Weighted Average Common Shares (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares outstanding	607.4	614	608.7	619
Dilutive shares	3.6	4.1	3.9	3.9
Diluted shares outstanding	611	618.1	612.6	622.9

Acquisitions and Divestitures N

Acquisitions and Divestitures Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Sep. 30, 2019USD ($)
Business Acquisition & Disposal [Line Items]
Purchase price of businesses, net of cash acquired			$ 96	$ 243	$ 469
Net sales	$ 4,162	$ 4,570	8,313	$ 8,717
Goodwill	6,520		6,520		6,536
Automation Solutions [Member]
Business Acquisition & Disposal [Line Items]
Goodwill	5,404		5,404		$ 5,467
Automation Solutions [Member] | Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition & Disposal [Line Items]
Number of additional businesses acquired					8
Net sales					$ 300
Goodwill					213
Goodwill expected tax deductible amount					158
Intangibles					$ 155
Intangible assets, weighted average useful life					9 years
Climate Technologies [Member]
Business Acquisition & Disposal [Line Items]
Goodwill	$ 726		726		$ 668
Climate Technologies [Member] | Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition & Disposal [Line Items]
Purchase price of businesses, net of cash acquired			$ 96

Pension & Postretirement Expe_3

Pension & Postretirement Expenses (Schedule Of Net Periodic Pension And Net Postretirement Plan Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Pension And Postretirement Plan Expenses [Line Items]
Total			$ 34	$ 0
Other Pension, Postretirement and Supplemental Plans [Member]
Pension And Postretirement Plan Expenses [Line Items]
Service cost	$ 22	$ 18	44	36
Interest cost	40	50	80	100
Expected return on plan assets	(84)	(88)	168	176
Net amortization	38	16	75	33
Total	$ 16	$ (4)	$ 31	$ (7)

Other Deductions, Net (Schedule

Other Deductions, Net (Schedule Of Other Deductions, Net) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Other deductions, net [Line Items]
Amortization of intangibles (intellectual property and customer relationships)	$ 59	$ 60	$ 118	$ 117
Restructuring costs	31	10	128	20
Special advisory fees	0	0	13	0
Other	(48)	(13)	(39)	(30)
Total	42	$ 57	220	$ 107
Change in pension expense (income)	16		30
Change in gain (loss) from foreign currency exchange transactions	36		$ 22
Change in supplemental retirement plan expense (income)	$ (16)

Restructuring Costs (Details)

Restructuring Costs (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Sep. 30, 2020USD ($)
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			$ 69
Restructuring expense	$ 31	$ 10	128	$ 20
Restructuring utilized/paid			83
Ending restructuring liability	114		$ 114
Total number of employee workforce reductions			1,800
Cost of Sales [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	9		$ 9
Severance and benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			62
Restructuring expense			105
Restructuring utilized/paid			57
Ending restructuring liability	110		110
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			7
Restructuring expense			23
Restructuring utilized/paid			26
Ending restructuring liability	4		4
Automation Solutions [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	23	6	106	11
Commercial & Residential Solutions [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	7	3	17	8
Climate Technologies [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	2	1	9	4
Tools & Home Products [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	5	2	8	4
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	$ 1	$ 1	$ 5	$ 1
Forecast [Member]
Restructuring Reserve [Roll Forward]
Expected fiscal year restructuring expense					$ 280
Increase (decrease) in expected restructuring related costs					$ 65

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income taxes	$ 165	$ 150	$ 259	$ 274
Effective income tax rate	24.00%	22.00%	23.00%	22.00%
Unfavorable discrete items, percentage impact	(1.00%)
Favorable discrete items, percentage impact		2.00%		2.00%

Leases Expense (Details)

Leases Expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Leases [Abstract]
Operating lease expense	$ 53	$ 106
Variable lease expense	$ 5	10
Cash paid for operating leases, operating cash flows		101
Operating lease right-of-use asset additions		$ 123

Leases Assets and Liabilities (

Leases Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Leases [Abstract]
Right-of-use assets (Other assets)	$ 496	$ 0
Current lease liabilities (Accrued expenses)	148	0
Noncurrent lease liabilities (Other liabilities)	$ 353	$ 0
Operating leases, weighted-average remaining term	5 years 2 months 12 days
Operating leases, weighted-average discount rate	2.80%

Leases Future Maturities of Ope

Leases Future Maturities of Operating Lease Liabilities (Details) $ in Millions	Mar. 31, 2020USD ($)
Leases [Abstract]
Operating lease payments due, remainder of 2020	$ 84
Operating lease payments due, 2021	132
Operating lease payments due, 2022	100
Operating lease payments due, 2023	73
Operating lease payments due, 2024	51
Operating lease payments due, thereafter	94
Total lease payments	534
Less: Interest	33
Total lease liabilities	$ 501

Leases Future Minimum Payments

Leases Future Minimum Payments (Details) $ in Millions	Sep. 30, 2019USD ($)
Leases [Abstract]
Future minimum annual rentals for noncancelable long-term leases, 2020	$ 159
Future minimum annual rentals for noncancelable long-term leases, 2021	112
Future minimum annual rentals for noncancelable long-term leases, 2022	82
Future minimum annual rentals for noncancelable long-term leases, 2023	57
Future minimum annual rentals for noncancelable long-term leases, 2024	38
Future minimum annual rentals for noncancelable long-term leases, thereafter	$ 63

Other Financial Information (In

Other Financial Information (Inventories) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Inventory Disclosure [Abstract]
Finished products	$ 641	$ 578
Raw materials and work in process	1,417	1,302
Total	$ 2,058	$ 1,880

Other Financial Information (PP

Other Financial Information (PPE) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property, plant and equipment, at cost	$ 8,734	$ 8,671
Less: Accumulated depreciation	5,181	5,029
Total	$ 3,553	$ 3,642

Other Financial Information (Go

Other Financial Information (Goodwill) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Goodwill [Line Items]
Goodwill	$ 6,520	$ 6,536
Automation Solutions [Member]
Goodwill [Line Items]
Goodwill	5,404	5,467
Commercial & Residential Solutions [Member]
Goodwill [Line Items]
Goodwill	1,116	1,069
Climate Technologies [Member]
Goodwill [Line Items]
Goodwill	726	668
Tools & Home Products [Member]
Goodwill [Line Items]
Goodwill	$ 390	$ 401

Other Financial Information (_2

Other Financial Information (Intangibles) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 4,916	$ 4,872
Less: Accumulated amortization	2,418	2,257
Net carrying amount	2,498	2,615
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 1,305	$ 1,391

Other Financial Information (Ot

Other Financial Information (Other Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Operating lease right-of-use assets	$ 496	$ 0
Pension assets	230	164
Asbestos-related insurance receivables	105	115
Deferred income taxes	$ 83	$ 97

Other Financial Information (Ac

Other Financial Information (Accrued Expenses) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Accrued Liabilities and Other Liabilities [Abstract]
Customer advances (contract liabilities)	$ 587	$ 519
Employee compensation	512	606
Operating lease liabilities (current)	148	0
Product warranty	$ 134	$ 140

Other Financial Information (_3

Other Financial Information (Other Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Other Liabilities [Abstract]
Pension and postretirement liabilities	$ 770	$ 775
Operating lease liabilities (noncurrent)	353	0
Deferred income taxes	339	327
Asbestos litigation	$ 305	$ 313

Financial Instruments (Schedule

Financial Instruments (Schedule Of Derivative Instruments) (Details) € in Millions, lb in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020USD ($)lb	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)lb	Mar. 31, 2019USD ($)	Sep. 30, 2019EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	$ 15	$ 30	$ 25	$ 40
Gain (loss) to other comprehensive income	(40)	38	(39)	19
Commodity Contract [Member] | Cash Flow Hedging [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(23)	10	(16)	3
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	(1)	(3)	(4)	(6)
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of foreign currency hedge positions	2,200		2,200
Foreign Exchange Contract [Member] | Other deductions, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	13	29	21	40
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	4	5	11	9
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(66)	23	(49)	12
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	(1)	(1)	(3)	(3)
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	(8)	(1)	(5)	(2)
Foreign Exchange Contract [Member] | Net Investment Hedging [Member] | Other Comprehensive Income (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income	57	6	31	6
Foreign Exchange Contract [Member] | Net Investment Hedging [Member] | Other deductions, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) to other comprehensive income
All Commodity Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of commodities hedged	$ 122		$ 122
Copper and Aluminum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Weight in pounds of copper and aluminum commodity hedges | lb	50		50
Senior Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Debt, face amount | €					€ 1,500

Financial Instruments (Fair Val

Financial Instruments (Fair Value Measurements) (Details) $ in Millions	Mar. 31, 2020USD ($)
Derivatives, Fair Value [Line Items]
Fair value of long-term debt compared with carrying value	$ 280
Maximum collateral that could have been required	53
Collateral posted to counterparties	0
Collateral held from counterparties	0
Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of long-term debt	$ 4,500

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2019
Accumulated other comprehensive income [Roll Forward]
Beginning balance			$ 8,273
Ending balance	$ 7,563	$ 8,572	7,563	$ 8,572
Accumulated other comprehensive income (loss)	(1,903)	(928)	(1,903)	(928)	$ (1,722)
Foreign currency translation [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(695)	(635)	(794)	(600)
Other comprehensive income (loss), foreign currency translation, net of tax of $(13), $(1), $(7), and $(1)	(282)	87	(183)	52
Ending balance	(977)	(548)	(977)	(548)
Pension and post retirement [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(900)	(407)	(928)	(420)
Amortization of deferred actuarial losses into earnings, net of tax of $(8), $(4), $(17) and $(8)	30	12	58	25
Ending balance	(870)	(395)	(870)	(395)
Cash Flow Hedges [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	19	(10)	0	5
Deferral of gains (losses) arising during the period, net of tax of $23, $(8), $17 and $(3)	(74)	24	(53)	10
Reclassification of realized gains (losses) to sales and cost of sales, net of tax of $1, $0, $1 and $0	(1)	1	(3)	0
Ending balance	$ (56)	$ 15	$ (56)	$ 15

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation, tax	$ (13)	$ (1)	$ (7)	$ (1)
Amortization of deferred actuarial losses, tax	(8)	(4)	(17)	(8)
Deferred cash flow hedging gains (losses), tax	23	(8)	17	(3)
Reclassification of realized cash flow hedging (losses), tax	$ 1	$ 0	$ 1	$ 0

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 4,162	$ 4,570	$ 8,313	$ 8,717
Earnings	689	675	1,112	1,266
Interest expense	(36)	(48)	(71)	(91)
Operating Segments [Member] | Automation Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	2,709	3,010	5,561	5,809
Earnings	391	444	701	851
Operating Segments [Member] | Commercial & Residential Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	1,458	1,561	2,761	2,899
Earnings	306	328	543	565
Operating Segments [Member] | Climate Technologies [Member]
Segment Reporting Information [Line Items]
Net sales	1,026	1,092	1,899	1,972
Earnings	217	226	368	372
Operating Segments [Member] | Tools & Home Products [Member]
Segment Reporting Information [Line Items]
Net sales	432	469	862	927
Earnings	89	102	175	193
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Stock compensation	38	(59)	(18)	(52)
Unallocated pension and postretirement costs	12	27	25	54
Interest expense	(36)	(48)	(71)	(91)
Corporate and other [Member]
Segment Reporting Information [Line Items]
Earnings	(22)	(17)	(68)	(61)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (5)	$ (1)	$ (9)	$ 9

Business Segments Product Line

Business Segments Product Line Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 4,162	$ 4,570	$ 8,313	$ 8,717
Automation Solutions [Member] | Measurement & Analytical Instrumentation [Member]
Disaggregation of Revenue [Line Items]
Net sales	816	927	1,646	1,785
Automation Solutions [Member] | Valves, Actuators & Regulators [Member]
Disaggregation of Revenue [Line Items]
Net sales	854	937	1,767	1,811
Automation Solutions [Member] | Industrial Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	494	574	1,001	1,116
Automation Solutions [Member] | Process Control Systems & Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	545	572	1,147	1,097
Operating Segments [Member] | Automation Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 2,709	$ 3,010	$ 5,561	$ 5,809

Business Segments Business Segm

Business Segments Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 211	$ 204	$ 422	$ 406
Corporate and other [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	9	11	18	20
Operating Segments [Member] | Automation Solutions [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	138	131	277	260
Operating Segments [Member] | Commercial & Residential Solutions [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	64	62	127	126
Operating Segments [Member] | Climate Technologies [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	45	45	89	90
Operating Segments [Member] | Tools & Home Products [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 19	$ 17	$ 38	$ 36

Business Segments Geographic In

Business Segments Geographic Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 4,162	$ 4,570	$ 8,313	$ 8,717
Reportable Geographical Components [Member]
Disaggregation of Revenue [Line Items]
Net sales	4,167	4,571	8,322	8,708
Reportable Geographical Components [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	2,383	2,605	4,656	4,917
Reportable Geographical Components [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	1,065	1,195	2,238	2,301
Reportable Geographical Components [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	719	771	1,428	1,490
Reportable Geographical Components [Member] | Automation Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,709	3,010	5,561	5,809
Reportable Geographical Components [Member] | Automation Solutions [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,346	1,523	2,756	2,928
Reportable Geographical Components [Member] | Automation Solutions [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	830	910	1,726	1,751
Reportable Geographical Components [Member] | Automation Solutions [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	533	577	1,079	1,130
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,458	1,561	2,761	2,899
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,037	1,082	1,900	1,989
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	235	285	512	550
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 186	$ 194	$ 349	$ 360

Uncategorized Items - emr-20200

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 0
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	25,000,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 5,000,000