Emerson Electric (EMR) 10-Q 4 May 22 2022 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Mar. 31, 2022shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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	2022
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	594,000,000
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 ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net sales	$ 4,791	$ 4,431	$ 9,264	$ 8,592
Cost of sales	2,839	2,569	5,490	5,007
Selling, general and administrative expenses	1,049	1,054	2,060	2,052
Gain on subordinated interest	0	0	(453)	0
Other deductions, net	40	33	91	155
Interest expense (net of interest income of $4, $4, $7, and $6, respectively)	52	38	90	78
Earnings before income taxes	811	737	1,986	1,300
Income taxes	136	169	416	280
Net earnings	675	568	1,570	1,020
Less: Noncontrolling interests in subsidiaries	1	7	0	14
Net earnings common stockholders	$ 674	$ 561	$ 1,570	$ 1,006
Earnings Per Share, Basic	$ 1.13	$ 0.94	$ 2.64	$ 1.68
Earnings Per Share, Diluted	$ 1.13	$ 0.93	$ 2.63	$ 1.67
Weighted Average Number of Shares Outstanding, Basic	593.3	599.4	593.9	599
Weighted Average Number of Shares Outstanding, Diluted	596.5	602.8	597.3	602.3

Consolidated Statements Of Ea_2

Consolidated Statements Of Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Interest income	$ 4	$ 4	$ 7	$ 6

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net earnings	$ 675	$ 568	$ 1,570	$ 1,020
Other comprehensive income (loss), net of tax:
Foreign currency translation	(60)	(21)	(132)	168
Pension and postretirement	18	27	36	54
Cash flow hedges	6	1	10	32
Total other comprehensive income (loss)	(36)	7	(86)	254
Comprehensive income	639	575	1,484	1,274
Less: Noncontrolling interests in subsidiaries	0	6	(1)	13
Comprehensive income common stockholders	$ 639	$ 569	$ 1,485	$ 1,261

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Current assets
Cash and equivalents	$ 6,929	$ 2,354
Receivables, less allowances of $114 and $116, respectively	2,958	2,971
Inventories	2,399	2,050
Other current assets	1,253	1,057
Total current assets	13,539	8,432
Property, plant and equipment, net	3,567	3,738
Other assets
Goodwill	7,631	7,723
Other intangible assets	2,699	2,877
Other	2,061	1,945
Total other assets	12,391	12,545
Total assets	29,497	24,715
Current liabilities
Short-term borrowings and current maturities of long-term debt	2,762	872
Accounts payable	2,049	2,108
Accrued expenses	3,261	3,266
Total current liabilities	8,072	6,246
Long-term debt	8,203	5,793
Other liabilities	2,608	2,753
Equity
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 593.8 shares and 595.9 shares, respectively	477	477
Additional paid-in-capital	579	522
Retained earnings	27,003	26,047
Accumulated other comprehensive income (loss)	(957)	(872)
Cost of common stock in treasury, 359.5 shares and 357.6 shares, respectively	(16,527)	(16,291)
Common stockholders’ equity	10,575	9,883
Noncontrolling interests in subsidiaries	39	40
Total equity	10,614	9,923
Total liabilities and equity	$ 29,497	$ 24,715

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 114	$ 116
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	593.9	595.8
Treasury stock, shares	359.5	357.6

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, 2020			$ 470	$ 24,955	$ (1,577)	$ (15,920)	$ 42
Statement [Roll Forward]
Stock plans			41
Net earnings common stockholders	$ 1,006			1,006
Dividends paid				(606)			(5)
Stockholders' Equity, Other				(1)
Foreign currency translation	168				169
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	54				(54)
Cash flow hedges	32				32
Purchases						(82)
Issued under stock plans						112
Net earnings							14
Other comprehensive income	254						(1)
Ending balance at Mar. 31, 2021	9,180	$ 477	511	25,354	(1,322)	(15,890)	50
Beginning balance at Dec. 31, 2020			499	25,096	(1,330)	(15,847)	44
Statement [Roll Forward]
Stock plans			12
Net earnings common stockholders	561			561
Dividends paid				(303)			0
Stockholders' Equity, Other				0
Foreign currency translation	(21)				(20)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	27				(27)
Cash flow hedges	1				1
Purchases						(69)
Issued under stock plans						26
Net earnings							7
Other comprehensive income	7						(1)
Ending balance at Mar. 31, 2021	9,180	477	511	25,354	(1,322)	(15,890)	50
Statement [Roll Forward]
Common stockholders' equity	9,130
Common stockholders' equity	9,883
Beginning balance at Sep. 30, 2021	9,923		522	26,047	(872)	(16,291)	40
Statement [Roll Forward]
Stock plans			57
Net earnings common stockholders	1,570			1,570
Dividends paid				(614)			0
Stockholders' Equity, Other				0
Foreign currency translation	(132)				(131)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	36				(36)
Cash flow hedges	10				10
Purchases						(285)
Issued under stock plans						49
Net earnings							0
Other comprehensive income	(86)						(1)
Ending balance at Mar. 31, 2022	10,614	477	579	27,003	(957)	(16,527)	39
Beginning balance at Dec. 31, 2021			564	26,636	(922)	(16,506)	39
Statement [Roll Forward]
Stock plans			15
Net earnings common stockholders	674			674
Dividends paid				(307)			0
Stockholders' Equity, Other				0
Foreign currency translation	(60)				(59)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	18				(18)
Cash flow hedges	6				6
Purchases						(27)
Issued under stock plans						6
Net earnings							1
Other comprehensive income	(36)						(1)
Ending balance at Mar. 31, 2022	10,614	$ 477	$ 579	$ 27,003	$ (957)	$ (16,527)	$ 39
Statement [Roll Forward]
Common stockholders' equity	$ 10,575

Consolidated Statement of Equ_2

Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Dividends paid, per share	$ 0.515	$ 0.505	$ 1.03	$ 1.01

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net earnings	$ 1,570	$ 1,020
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	452	483
Stock compensation	91	125
Pension expense	2	16
Total changes in operating working capital	(588)	66
Gain on subordinated interest	(453)	0
Other, net	(109)	(95)
Cash provided by operating activities	965	1,615
Investing activities
Capital expenditures	(225)	(222)
Purchases of businesses, net of cash and equivalents acquired	(37)	(1,611)
Proceeds from subordinated interest	438	0
Other, net	(17)	61
Cash provided by (used in) investing activities	159	(1,772)
Financing activities
Net increase in short-term borrowings	871	60
Proceeds from short-term borrowings greater than three months	1,040	0
Proceeds from long-term debt	2,975	0
Payments of long-term debt	(504)	(301)
Dividends paid	(613)	(606)
Purchases of common stock	(285)	(78)
Other, net	15	83
Cash provided by (used in) financing activities	3,499	(842)
Effect of exchange rate changes on cash and equivalents	(48)	26
Increase (Decrease) in cash and equivalents	4,575	(973)
Beginning cash and equivalents	2,354	3,315
Ending cash and equivalents	6,929	2,342
Changes in operating working capital
Receivables	(68)	75
Inventories	(428)	(61)
Other current assets	(24)	(16)
Accounts payable	18	55
Accrued expenses	(86)	13
Total changes in operating working capital	$ (588)	$ 66

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2022
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, 2021. Effective October 1, 2021, the Company adopted three accounting standard updates which had no impact or an immaterial impact on the Company's financial statements as of and for the six months ended March 31, 2022. These included: • Updates to ASC 805, Business Combinations , which clarify the accounting for contract assets and liabilities assumed in a business combination. In general, this will result in contract liabilities being recognized at their historical amounts under ASC 606, rather than at fair value in accordance with the general requirements of ASC 805. • Updates to ASC 740, Income Taxes , which require the recognition of a franchise tax that is partially based on income as an income-based tax with any incremental amount as a non-income based tax. These updates also make certain changes to intra-period tax allocation principles and interim tax calculations. • Updates to ASC 321, Equity Securities , ASC 323 Investments - Equity Method and Joint Ventures , and ASC 815, Derivatives and Hedging , which clarify how to account for the transition into and out of the equity method of accounting when evaluating observable transactions.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Mar. 31, 2022
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, 2021 Mar 31, 2022 Unbilled receivables (contract assets) $ 528 524 Customer advances (contract liabilities) (730) (868) Net contract liabilities $ (202) (344) 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, 2022 included $108 and $456 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 three and six months ended March 31, 2022 for performance obligations that were satisfied in previous periods, including cumulative catchup adjustments on the Company's long-term contracts, was not material.

Common Shares and Share-Based C

Common Shares and Share-Based Compensation	6 Months Ended
	Mar. 31, 2022
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Common Shares and Share-Based Compensation	COMMON SHARES AND SHARE-BASED COMPENSATION 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 2021 2022 2021 2022 Basic shares outstanding 599.4 593.3 599.0 593.9 Dilutive shares 3.4 3.2 3.3 3.4 Diluted shares outstanding 602.8 596.5 602.3 597.3 The Company changed the terms of its annual performance share awards issued in the first quarter of fiscal 2022. The new terms meet the criteria for equity classification in accordance with ASC 718, Compensation - Stock Compensation , and therefore expense will be recognized on a fixed basis over the three-year performance period. The terms of the performance share awards issued in fiscal 2020 and 2021 are unchanged and will therefore continue to be accounted for as liability awards and marked-to-market each period based on changes in the stock price.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES On March 3, 2022 the Company announced an agreement to sell its Therm-O-Disc sensing and protection technologies business, which is reported in the Climate Technologies segment, to an affiliate of One Rock Capital Partners, LLC. Assets and liabilities for this business are reported as held-for-sale as of March 31, 2022 and included in other current assets, accrued expenses, other assets and other liabilities in the consolidated balance sheet. The transaction is expected to close in the third quarter subject to regulatory approvals and other customary closing conditions. On October 11, 2021, the Company announced that it entered into a definitive agreement with Aspen Technology, Inc. ("AspenTech") to contribute two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the Geological Simulation Software business, along with approximately $6.0 billion in cash to AspenTech stockholders, to create "new AspenTech", a diversified, high-performance industrial software leader with greater scale, capabilities and technologies. Upon closing of the transaction, the Company will own 55 percent of new AspenTech and its results and financial position will be consolidated in Emerson's financial statements . On October 1, 2020, the Company completed the acquisition of Open Systems International, Inc. ("OSI"), a leading operations technology software provider in the global power industry, for approximately $1.6 billion, net of cash acquired. This business, which had net sales of $191 in fiscal 2021 and is reported in the Automation Solutions segment, expands the Company's offerings in the power industry to include the digitization and modernization of the electric grid. The Company recognized goodwill of $967 (none of which is expected to be tax deductible), identifiable intangible assets of $783, primarily intellectual property and customer relationships with a weighted-average useful life of approximately 11 years, and deferred tax liabilities of approximately $193. Results of operations for the three months ended March 31, 2021 included first year pre-tax acquisition accounting charges related to backlog amortization and deferred revenue of $6 and $4, respectively, while year-to-date results included $17 and $8, respectively. As previously disclosed, the Company sold its network power systems business (rebranded as Vertiv, now a publicly traded company, symbol VRT) in 2017 and retained a subordinated interest contingent upon the equity holders first receiving a threshold cash return on their initial investment. In the first quarter of fiscal 2022, the equity holders' cumulative cash return exceeded the threshold and as a result, the Company received a distribution of $438 in November 2021 (in total, a gain of $453 was recognized in the first quarter). Based on the terms of the agreement and the current calculation, the Company could receive additional distributions of approximately $75 which are expected to be received over the next two three

Pension & Postretirement Plans

Pension & Postretirement Plans	6 Months Ended
	Mar. 31, 2022
Retirement Benefits [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, 2021 2022 2021 2022 Service cost $ 21 19 42 38 Interest cost 32 34 64 68 Expected return on plan assets (84) (78) (168) (156) Net amortization 35 23 70 46 Total $ 4 (2) 8 (4)

Other Deductions, Net

Other Deductions, Net	6 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Other Deductions, Net	OTHER DEDUCTIONS, NET Other deductions, net are summarized below: Three Months Ended Six Months Ended 2021 2022 2021 2022 Amortization of intangibles (intellectual property and customer relationships) $ 74 62 152 125 Restructuring costs 17 10 83 19 Other (58) (32) (80) (53) Total $ 33 40 155 91 In the second quarter of fiscal 2022, the decrease in intangibles amortization for the three and six months ended March 31, 2022 was largely due to backlog amortization of $6 and $17, respectively, in the prior year related to the OSI acquisition. Other is composed of several items, including acquisition/divestiture costs, foreign currency transaction gains and losses, pension expense a nd other items. For the three and six months ended March 31, 2022, the change in other included acquisition/divestiture costs of $13 and $36, respectively, and a favorable impact from foreign currency transactions of $9 and $35, respectively. In the first quarter of fiscal 2022, other also included gains from the sales of capital assets of $15. Comparisons were also impacted by prior year investment-related gains, including $21 from an investment sale and $17 from the acquisition of full ownership of an equity investment in the first quarter of fiscal 2021, and a gain of $31 from the sale of an equity investment in the second quarter of fiscal 2021.

Restructuring Costs

Restructuring Costs	6 Months Ended
	Mar. 31, 2022
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. Costs incurred in the first six months of fiscal 2022 relate to the Company's initiatives that began in the third quarter of fiscal 2019 to improve operating margins and were subsequently increased in response to the effects of the COVID-19 pandemic on demand for the Company's products. Expenses incurred in the first six months of fiscal 2022 included costs related to workforce reductions of approximately 200 employees. The Company expects fiscal 2022 restructuring expense and related costs to be approximately $150, including costs to complete actions initiated in the first six months of the year. Restructuring expense by business segment follows: Three Months Ended Six Months Ended 2021 2022 2021 2022 Automation Solutions $ 12 8 76 13 Climate Technologies 3 1 4 3 Tools & Home Products 1 1 2 2 Commercial & Residential Solutions 4 2 6 5 Corporate 1 — 1 1 Total $ 17 10 83 19 Details of the change in the liability for restructuring costs during the six months ended March 31, 2022 follow: Sept 30, 2021 Expense Utilized/Paid Mar 31, 2022 Severance and benefits $ 172 5 32 145 Other 4 14 17 1 Total $ 176 19 49 146 The tables above do not include $4 and $5 of costs related to restructuring actions incurred for the three months ended March 31, 2021 and 2022, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses; year-to-date amounts are $7 and $14, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	TAXES Income taxes were $136 in the second quarter of fiscal 2022 and $169 in 2021, resulting in effective tax rates of 17 percent and 23 percent, respectively. The current year rate included a 6 percentage point benefit related to the completion of tax examinations, while both years included unfavorable discrete items which increased the rates 1 percentage point. Income taxes were $416 for the first six months of 2022 and $280 for 2021, resulting in effective tax rates of 21 percent and 22 percent, respectively. The current year rate included a 3 percentage point benefit related to the completion of tax examinations, partially offset by portfolio restructuring activities which negatively impacted the rate by 2 percentage points. On March 27, 2020, the CARES Act was enacted in response to the COVID-19 pandemic, and among other things, provides tax relief to businesses. Tax provisions of the CARES Act include the deferral of certain payroll taxes, relief for retaining employees, and other provisions. The Company deferred $73 of certain payroll taxes through the end of calendar year 2020, of which approximately $37 was paid in December 2021 with the remaining amount due in December 2022.

Other Financial Information

Other Financial Information	6 Months Ended
	Mar. 31, 2022
Disclosure Text Block [Abstract]
Other Financial Information	OTHER FINANCIAL INFORMATION Sept 30, 2021 Mar 31, 2022 Inventories Finished products $ 616 764 Raw materials and work in process 1,434 1,635 Total $ 2,050 2,399 Sept 30, 2021 Mar 31, 2022 Property, plant and equipment, net Property, plant and equipment, at cost $ 9,427 9,198 Less: Accumulated depreciation 5,689 5,631 Total $ 3,738 3,567 Goodwill by business segment Automation Solutions $ 6,552 6,504 Climate Technologies 753 723 Tools & Home Products 418 404 Commercial & Residential Solutions 1,171 1,127 Total $ 7,723 7,631 Other intangible assets Gross carrying amount $ 5,911 5,897 Less: Accumulated amortization 3,034 3,198 Net carrying amount $ 2,877 2,699 Other intangible assets include customer relationships, net, of $1,495 and $1,401 as of September 30, 2021 and March 31, 2022, respectively. Three Months Ended March 31, Six Months Ended March 31, 2021 2022 2021 2022 Depreciation and amortization expense include the following: Depreciation expense $ 122 121 246 249 Amortization of intangibles (includes $14, $14, $28, and $28 reported in Cost of Sales, respectively) 88 76 180 153 Amortization of capitalized software 29 24 57 50 Total $ 239 221 483 452 Amortization of intangibles included backlog amortization of $6 and $17 related to the OSI acquisition for the three and six months ended March 31, 2021, respectively. Sept 30, 2021 Mar 31, 2022 Other assets include the following: Pension assets $ 1,015 1,076 Operating lease right-of-use assets 558 523 Deferred income taxes 115 103 Asbestos-related insurance receivables 95 88 Accrued expenses include the following: Customer advances (contract liabilities) $ 730 868 Employee compensation 690 493 Operating lease liabilities (current) 155 151 Product warranty 146 137 Sept 30, 2021 Mar 31, 2022 Other liabilities include the following: Deferred income taxes $ 711 750 Pension and postretirement liabilities 676 666 Operating lease liabilities (noncurrent) 413 382 Asbestos litigation 256 242

Long-Term Debt

Long-Term Debt	6 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-term Debt	DEBT In December 2021, the Company issued $1 billion of 2.0% notes due December 2028, $1 billion of 2.2% notes due December 2031, and $1 billion of 2.8% notes due December 2051. The Company expects to use the net proceeds from the sale of the notes to pay a portion of its contribution of approximately $6.0 billion to existing stockholders of AspenTech as part of the transaction discussed further in Note 4. If the transaction with AspenTech is not completed or is terminated, the Company will be required to redeem the notes at a redemption price equal to 101% of the principal amount plus accrued and unpaid interest. In the second quarter of fiscal 2022, the Company increased its commercial paper borrowings by approximately $2.2 billion to generate additional cash to fund the AspenTech transaction.

Financial Instruments

Financial Instruments	6 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Hedging Activities – As of March 31, 2022, the notional amount of foreign currency hedge positions was approximately $2.6 billion, and commodity hedge contracts totaled approximately $120 (primarily 32 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, 2022 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, 2021 and 2022: Into Earnings Into OCI 2nd Quarter Six Months 2nd Quarter Six Months Gains (Losses) Location 2021 2022 2021 2022 2021 2022 2021 2022 Commodity Cost of sales $ 8 6 11 13 13 10 26 23 Foreign currency Sales 1 — 2 1 (2) (2) 3 (2) Foreign currency Cost of sales 2 9 2 11 — 14 27 17 Foreign currency Other deductions, net 29 8 25 52 Net Investment Hedges Euro denominated debt 53 35 (27) 79 Total $ 40 23 40 77 64 57 29 117 Regardless of whether derivatives and non-derivative financial instruments receive hedge accounting, the Company expects hedging gains or losses to be 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 hierarch y. As of March 31, 2022, the fair value of long-term debt was $8.5 billion, which exceeded the carrying value by $230. 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, 2021.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Mar. 31, 2022
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, 2021 and 2022 is shown below, net of income taxes: Three Months Ended March 31, Six Months Ended March 31, 2021 2022 2021 2022 Foreign currency translation Beginning balance $ (522) (701) (711) (629) Other comprehensive income (loss), net of tax of $(13), $(8), $6 and $(18), respectively (20) (59) 169 (131) Ending balance (542) (760) (542) (760) Pension and postretirement Beginning balance (837) (241) (864) (259) Amortization of deferred actuarial losses into earnings, net of tax of $(8), $(5), $(16) and $(10), respectively 27 18 54 36 Ending balance (810) (223) (810) (223) Cash flow hedges Beginning balance 29 20 (2) 16 Gains deferred during the period, net of taxes of $(2), $(5), $(13) and $(9), respectively 9 17 43 29 Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $3, $4, $4 and $6, respectively (8) (11) (11) (19) Ending balance 30 26 30 26 Accumulated other comprehensive income (loss) $ (1,322) (957) (1,322) (957)

Business Segments

Business Segments	6 Months Ended
	Mar. 31, 2022
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 2021 2022 2021 2022 2021 2022 2021 2022 Automation Solutions $ 2,793 2,937 471 556 5,485 5,742 832 1,082 Climate Technologies 1,160 1,341 245 262 2,191 2,504 457 454 Tools & Home Products 485 516 112 103 930 1,024 210 210 Commercial & Residential Solutions 1,645 1,857 357 365 3,121 3,528 667 664 Stock compensation (61) (50) (125) (91) Unallocated pension and postretirement costs 23 25 47 51 Corporate and other (15) (33) (43) (83) Gain on subordinated interest — — — 453 Eliminations/Interest (7) (3) (38) (52) (14) (6) (78) (90) Total $ 4,431 4,791 737 811 8,592 9,264 1,300 1,986 Automation Solutions sales by major product offering are summarized below. Three Months Ended March 31, Six Months Ended March 31, 2021 2022 2021 2022 Measurement & Analytical Instrumentation $ 732 767 1,430 1,502 Valves, Actuators & Regulators 836 883 1,642 1,699 Industrial Solutions 555 602 1,063 1,168 Systems & Software 670 685 1,350 1,373 Automation Solutions $ 2,793 2,937 5,485 5,742 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, 2021 2022 2021 2022 Automation Solutions $ 156 147 312 302 Climate Technologies 47 46 96 93 Tools & Home Products 20 19 39 39 Commercial & Residential Solutions 67 65 135 132 Corporate and other 16 9 36 18 Total $ 239 221 483 452 Sales by geographic destination are summarized below: Three Months Ended March 31, 2021 2022 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 1,223 1,119 2,342 1,383 1,283 2,666 Asia, Middle East & Africa 953 305 1,258 995 338 1,333 Europe 617 221 838 559 236 795 Total $ 2,793 1,645 4,438 2,937 1,857 4,794 Six Months Ended March 31, 2021 2022 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 2,390 2,100 4,490 2,624 2,427 5,051 Asia, Middle East & Africa 1,896 613 2,509 2,000 660 2,660 Europe 1,199 408 1,607 1,118 441 1,559 Total $ 5,485 3,121 8,606 5,742 3,528 9,270

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSOn May 4, 2022, Emerson announced its intention to exit business operations in Russia and is exploring strategic options to divest Metran, its Russia-based manufacturing subsidiary. Emerson is committed to an orderly transfer of these assets and will support its employees through this process. Emerson's historical net sales in Russia were principally in the Automation Solutions segment and in total, represent approximately 1.5 percent of consolidated annual sales. As of March 31, 2022, Emerson's Russian operations had net assets of approximately $50 and accumulated foreign currency translation losses of approximately $145 (which will be recognized as a non-cash charge when the exit is completed). The Company is currently unable to estimate the full financial consequences of the exit due to uncertainty regarding the commercial terms of the exit and related tax impacts.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Mar. 31, 2022
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, 2021 Mar 31, 2022 Unbilled receivables (contract assets) $ 528 524 Customer advances (contract liabilities) (730) (868) Net contract liabilities $ (202) (344)

Common Shares and Share-Based_2

Common Shares and Share-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2022
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Schedule Of Basic And Diluted Earnings Per Share Reconciliation	Three Months Ended Six Months Ended 2021 2022 2021 2022 Basic shares outstanding 599.4 593.3 599.0 593.9 Dilutive shares 3.4 3.2 3.3 3.4 Diluted shares outstanding 602.8 596.5 602.3 597.3

Pension & Postretirement Plans

Pension & Postretirement Plans (Tables)	6 Months Ended
	Mar. 31, 2022
Retirement Benefits [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, 2021 2022 2021 2022 Service cost $ 21 19 42 38 Interest cost 32 34 64 68 Expected return on plan assets (84) (78) (168) (156) Net amortization 35 23 70 46 Total $ 4 (2) 8 (4)

Other Deductions, Net (Tables)

Other Deductions, Net (Tables)	6 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Other Deductions, net	Other deductions, net are summarized below: Three Months Ended Six Months Ended 2021 2022 2021 2022 Amortization of intangibles (intellectual property and customer relationships) $ 74 62 152 125 Restructuring costs 17 10 83 19 Other (58) (32) (80) (53) Total $ 33 40 155 91

Restructuring Costs (Tables)

Restructuring Costs (Tables)	6 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expense by Segment	Restructuring expense by business segment follows: Three Months Ended Six Months Ended 2021 2022 2021 2022 Automation Solutions $ 12 8 76 13 Climate Technologies 3 1 4 3 Tools & Home Products 1 1 2 2 Commercial & Residential Solutions 4 2 6 5 Corporate 1 — 1 1 Total $ 17 10 83 19
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, 2022 follow: Sept 30, 2021 Expense Utilized/Paid Mar 31, 2022 Severance and benefits $ 172 5 32 145 Other 4 14 17 1 Total $ 176 19 49 146

Other Financial Information (Ta

Other Financial Information (Tables)	6 Months Ended
	Mar. 31, 2022
Disclosure Text Block [Abstract]
Inventories	Sept 30, 2021 Mar 31, 2022 Inventories Finished products $ 616 764 Raw materials and work in process 1,434 1,635 Total $ 2,050 2,399
Property, Plant and Equipment, net	Sept 30, 2021 Mar 31, 2022 Property, plant and equipment, net Property, plant and equipment, at cost $ 9,427 9,198 Less: Accumulated depreciation 5,689 5,631 Total $ 3,738 3,567
Goodwill by Business Segment	Goodwill by business segment Automation Solutions $ 6,552 6,504 Climate Technologies 753 723 Tools & Home Products 418 404 Commercial & Residential Solutions 1,171 1,127 Total $ 7,723 7,631
Other Intangible Assets	Other intangible assets Gross carrying amount $ 5,911 5,897 Less: Accumulated amortization 3,034 3,198 Net carrying amount $ 2,877 2,699
Other Assets	Sept 30, 2021 Mar 31, 2022 Other assets include the following: Pension assets $ 1,015 1,076 Operating lease right-of-use assets 558 523 Deferred income taxes 115 103 Asbestos-related insurance receivables 95 88
Accrued Expenses	Accrued expenses include the following: Customer advances (contract liabilities) $ 730 868 Employee compensation 690 493 Operating lease liabilities (current) 155 151 Product warranty 146 137
Other Liabilities	Sept 30, 2021 Mar 31, 2022 Other liabilities include the following: Deferred income taxes $ 711 750 Pension and postretirement liabilities 676 666 Operating lease liabilities (noncurrent) 413 382 Asbestos litigation 256 242
Depreciation and Amortization components	Three Months Ended March 31, Six Months Ended March 31, 2021 2022 2021 2022 Depreciation and amortization expense include the following: Depreciation expense $ 122 121 246 249 Amortization of intangibles (includes $14, $14, $28, and $28 reported in Cost of Sales, respectively) 88 76 180 153 Amortization of capitalized software 29 24 57 50 Total $ 239 221 483 452 Amortization of intangibles included backlog amortization of $6 and $17 related to the OSI acquisition for the three and six months ended March 31, 2021, respectively.

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Mar. 31, 2022
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 2021 2022 2021 2022 2021 2022 2021 2022 Commodity Cost of sales $ 8 6 11 13 13 10 26 23 Foreign currency Sales 1 — 2 1 (2) (2) 3 (2) Foreign currency Cost of sales 2 9 2 11 — 14 27 17 Foreign currency Other deductions, net 29 8 25 52 Net Investment Hedges Euro denominated debt 53 35 (27) 79 Total $ 40 23 40 77 64 57 29 117

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Mar. 31, 2022
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, 2021 and 2022 is shown below, net of income taxes: Three Months Ended March 31, Six Months Ended March 31, 2021 2022 2021 2022 Foreign currency translation Beginning balance $ (522) (701) (711) (629) Other comprehensive income (loss), net of tax of $(13), $(8), $6 and $(18), respectively (20) (59) 169 (131) Ending balance (542) (760) (542) (760) Pension and postretirement Beginning balance (837) (241) (864) (259) Amortization of deferred actuarial losses into earnings, net of tax of $(8), $(5), $(16) and $(10), respectively 27 18 54 36 Ending balance (810) (223) (810) (223) Cash flow hedges Beginning balance 29 20 (2) 16 Gains deferred during the period, net of taxes of $(2), $(5), $(13) and $(9), respectively 9 17 43 29 Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $3, $4, $4 and $6, respectively (8) (11) (11) (19) Ending balance 30 26 30 26 Accumulated other comprehensive income (loss) $ (1,322) (957) (1,322) (957)

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Mar. 31, 2022
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 2021 2022 2021 2022 2021 2022 2021 2022 Automation Solutions $ 2,793 2,937 471 556 5,485 5,742 832 1,082 Climate Technologies 1,160 1,341 245 262 2,191 2,504 457 454 Tools & Home Products 485 516 112 103 930 1,024 210 210 Commercial & Residential Solutions 1,645 1,857 357 365 3,121 3,528 667 664 Stock compensation (61) (50) (125) (91) Unallocated pension and postretirement costs 23 25 47 51 Corporate and other (15) (33) (43) (83) Gain on subordinated interest — — — 453 Eliminations/Interest (7) (3) (38) (52) (14) (6) (78) (90) Total $ 4,431 4,791 737 811 8,592 9,264 1,300 1,986 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, 2021 2022 2021 2022 Automation Solutions $ 156 147 312 302 Climate Technologies 47 46 96 93 Tools & Home Products 20 19 39 39 Commercial & Residential Solutions 67 65 135 132 Corporate and other 16 9 36 18 Total $ 239 221 483 452
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, 2021 2022 2021 2022 Measurement & Analytical Instrumentation $ 732 767 1,430 1,502 Valves, Actuators & Regulators 836 883 1,642 1,699 Industrial Solutions 555 602 1,063 1,168 Systems & Software 670 685 1,350 1,373 Automation Solutions $ 2,793 2,937 5,485 5,742
Schedule of Financial Information By Geographic Area	Sales by geographic destination are summarized below: Three Months Ended March 31, 2021 2022 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 1,223 1,119 2,342 1,383 1,283 2,666 Asia, Middle East & Africa 953 305 1,258 995 338 1,333 Europe 617 221 838 559 236 795 Total $ 2,793 1,645 4,438 2,937 1,857 4,794 Six Months Ended March 31, 2021 2022 Automation Solutions Commercial & Residential Solutions Total Automation Solutions Commercial & Residential Solutions Total Americas $ 2,390 2,100 4,490 2,624 2,427 5,051 Asia, Middle East & Africa 1,896 613 2,509 2,000 660 2,660 Europe 1,199 408 1,607 1,118 441 1,559 Total $ 5,485 3,121 8,606 5,742 3,528 9,270

Revenue Recognition Contract As

Revenue Recognition Contract Assets (Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Unbilled receivables (contract assets)	$ 524	$ 524	$ 528
Customer advances (contract liabilities)	(868)	(868)	(730)
Net contract liabilities	(344)	(344)	$ (202)
Revenue recognized, included in beginning contract liability	$ 108	$ 456

Revenue Recognition Performance

Revenue Recognition Performance Obligations (Details) $ in Billions	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Backlog	$ 7.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
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]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, backlog	1 year

Common Shares and Share-Based_3

Common Shares and Share-Based Compensation (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted Average Number of Shares Outstanding, Basic	593.3	599.4	593.9	599
Dilutive shares	3.2	3.4	3.4	3.3
Diluted shares outstanding	596.5	602.8	597.3	602.3

Acquisitions and Divestitures N

Acquisitions and Divestitures Narrative (Details) - USD ($) $ in Millions	Oct. 01, 2020	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021	Sep. 30, 2023
Business Acquisition & Disposal [Line Items]
Purchase price of businesses, net of cash acquired						$ 37	$ 1,611
Goodwill			$ 7,631			7,631		$ 7,723
Gain on subordinated interest			0	$ (453)	$ 0	(453)	0
Proceeds from subordinated interest				$ 438		438	0
Open Systems International Inc. [Member]
Business Acquisition & Disposal [Line Items]
Deferred revenue adjustment					4		8
Open Systems International Inc. [Member] | Order or Production Backlog [Member]
Business Acquisition & Disposal [Line Items]
Backlog amortization					$ 6		$ 17
Automation Solutions [Member]
Business Acquisition & Disposal [Line Items]
Goodwill			6,504			6,504		6,552
Automation Solutions [Member] | Open Systems International Inc. [Member]
Business Acquisition & Disposal [Line Items]
Purchase price of businesses, net of cash acquired	$ 1,600
Annualized sales								191
Goodwill	967
Goodwill expected tax deductible amount	0
Intangibles	$ 783
Intangible assets, weighted average useful life	11 years
Deferred tax liabilities	$ 193
Climate Technologies [Member]
Business Acquisition & Disposal [Line Items]
Goodwill			$ 723			$ 723		$ 753
Forecast [Member]
Business Acquisition & Disposal [Line Items]
Pretax periodic distribution from retained subordinated interest									$ 75
Forecast [Member] | Minimum [Member]
Business Acquisition & Disposal [Line Items]
Period over which distributions are expected to occur									2 years
Forecast [Member] | Maximum [Member]
Business Acquisition & Disposal [Line Items]
Period over which distributions are expected to occur									3 years
Forecast [Member] | Automation Solutions [Member] | AspenTech [Member]
Business Acquisition & Disposal [Line Items]
Cash contribution to AspenTech shareholders		$ 6,000
Business Acquisition, Percentage of Voting Interests Acquired		55.00%

Pension & Postretirement Plan_2

Pension & Postretirement Plans (Schedule Of Net Periodic Pension And Net Postretirement Plan Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 19	$ 21	$ 38	$ 42
Interest cost	34	32	68	64
Expected return on plan assets	(78)	(84)	(156)	(168)
Net amortization	23	35	46	70
Total	$ (2)	$ 4	$ (4)	$ 8

Other Deductions, Net (Schedule

Other Deductions, Net (Schedule Of Other Deductions, Net) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2022	Mar. 31, 2021
Other deductions, net [Line Items]
Amortization of intangibles (intellectual property and customer relationships)	$ 62		$ 74		$ 125	$ 152
Restructuring costs	10		17		19	83
Other	(32)		(58)		(53)	(80)
Other deductions, net	40		33		91	$ 155
Change in gain (loss) from foreign currency exchange transactions	9				35
Gain (loss) from acquiring the remaining interest of an equity investment				$ 17
Gain (loss) from an investment sales				$ 21
Proceeds from Sale of Productive Assets		$ 15
Gain (loss) from sale of equity investment			$ 31
AspenTech [Member]
Other deductions, net [Line Items]
Acquisition/divestiture costs	$ 13				$ 36

Restructuring Costs (Details)

Restructuring Costs (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2022USD ($)
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			$ 176
Restructuring expense	$ 10	$ 17	19	$ 83
Restructuring utilized/paid			49
Ending restructuring liability	146		$ 146
Total number of employee workforce reductions			200
Cost of sales and selling, general, and administrative expenses [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	5	4	$ 14	7
Severance and benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			172
Restructuring expense			5
Restructuring utilized/paid			32
Ending restructuring liability	145		145
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability			4
Restructuring expense			14
Restructuring utilized/paid			17
Ending restructuring liability	1		1
Automation Solutions [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	8	12	13	76
Commercial & Residential Solutions [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	2	4	5	6
Climate Technologies [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	1	3	3	4
Tools & Home Products [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	1	1	2	2
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	$ 0	$ 1	$ 1	$ 1
Forecast [Member]
Restructuring Reserve [Roll Forward]
Expected fiscal year restructuring expense					$ 150

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		15 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2020
Income Tax [Line Items]
Payroll tax deferral from CARES Act through December 2020					$ 73
Favorable net discrete items, percentage impact	6.00%		3.00%
Payroll Taxes Paid			$ 37
Unfavorable discrete items, percentage impact	1.00%	1.00%	2.00%
Income taxes	$ 136	$ 169	$ 416	$ 280
Effective income tax rate	17.00%	23.00%	21.00%	22.00%

Other Financial Information (In

Other Financial Information (Inventories) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Inventory Disclosure [Abstract]
Finished products	$ 764	$ 616
Raw materials and work in process	1,635	1,434
Total	$ 2,399	$ 2,050

Other Financial Information (PP

Other Financial Information (PPE) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Property, plant and equipment, at cost	$ 9,198	$ 9,427
Less: Accumulated depreciation	5,631	5,689
Total	$ 3,567	$ 3,738

Other Financial Information (Go

Other Financial Information (Goodwill) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Goodwill [Line Items]
Goodwill	$ 7,631	$ 7,723
Automation Solutions [Member]
Goodwill [Line Items]
Goodwill	6,504	6,552
Commercial & Residential Solutions [Member]
Goodwill [Line Items]
Goodwill	1,127	1,171
Climate Technologies [Member]
Goodwill [Line Items]
Goodwill	723	753
Tools & Home Products [Member]
Goodwill [Line Items]
Goodwill	$ 404	$ 418

Other Financial Information (_2

Other Financial Information (Intangibles) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 5,897	$ 5,911
Less: Accumulated amortization	3,198	3,034
Net carrying amount	2,699	2,877
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 1,401	$ 1,495

Other Financial Data (Component

Other Financial Data (Components of Depreciation and Amortization) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Depreciation	$ 121	$ 122	$ 249	$ 246
Amortization of intangibles excluding capitalized software	76	88	153	180
Amortization of intangibles in Cost of Sales	14	14	28	28
Capitalized Computer Software, Amortization	24	29	50	57
Depreciation and amortization	$ 221	239	$ 452	483
Open Systems International Inc. [Member] | Order or Production Backlog [Member]
Backlog amortization		$ 6		$ 17

Other Financial Information (Ot

Other Financial Information (Other Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Pension assets	$ 1,076	$ 1,015
Operating lease right-of-use assets	523	558
Deferred income taxes	103	115
Asbestos-related insurance receivables	$ 88	$ 95

Other Financial Information (Ac

Other Financial Information (Accrued Expenses) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Accrued Liabilities and Other Liabilities [Abstract]
Customer advances (contract liabilities)	$ 868	$ 730
Employee compensation	$ 493	690
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Operating lease liabilities (current)	$ 151	155
Product warranty	$ 137	$ 146

Other Financial Information (_3

Other Financial Information (Other Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Other Liabilities [Abstract]
Deferred income taxes	$ 750	$ 711
Pension and postretirement liabilities	666	676
Operating lease liabilities (noncurrent)	382	413
Asbestos litigation	$ 242	$ 256

Long-Term Debt (Details)

Long-Term Debt (Details) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022USD ($)
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	101.00%
Change in Commercial Paper	$ 2,200	$ 2,200
2.625 Percent Notes Due December 2021
Debt Instrument [Line Items]
Notes interest rate, percentage	2.625%	2.625%
Repayments of Debt		$ 500
2.0 Percent Notes due December 2028
Debt Instrument [Line Items]
Notes interest rate, percentage	2.00%	2.00%
Proceeds from Issuance of Debt	$ 1,000
2.2 Percent Notes due December 2031
Debt Instrument [Line Items]
Notes interest rate, percentage	2.20%	2.20%
Proceeds from Issuance of Debt	$ 1,000
2.8 Percent Notes due December 2051
Debt Instrument [Line Items]
Notes interest rate, percentage	2.80%	2.80%
Proceeds from Issuance of Debt	$ 1,000

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, 2022USD ($)lb	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)lb	Mar. 31, 2021USD ($)	Sep. 30, 2019EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	$ 23	$ 40	$ 77	$ 40
Other Comprehensive Income (Loss), Total	57	64	117	29
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	6	8	13	11
Commodity 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	10	13	23	26
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of foreign currency hedge positions	2,600		2,600
Foreign Exchange Contract [Member] | Other deductions, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	8	29	52	25
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	9	2	11	2
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	14	0	17	27
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings	0	1	1	2
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	(2)	(2)	(2)	3
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	35	$ 53	79	$ (27)
All Commodity Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of commodities hedged	$ 120		$ 120
Copper and Aluminum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Weight in pounds of copper and aluminum commodity hedges | lb	32		32
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, 2022USD ($)
Derivatives, Fair Value [Line Items]
Fair value of long-term debt compared with carrying value	$ 230
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	$ 8,500

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
Accumulated other comprehensive income [Roll Forward]
Beginning balance			$ 9,923
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Ending balance	$ 10,614	$ 9,180	10,614	$ 9,180
Accumulated other comprehensive income (loss)	(957)	(1,322)	(957)	(1,322)	$ (872)
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(922)	(1,330)	(872)	(1,577)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Ending balance	(957)	(1,322)	(957)	(1,322)
Foreign currency translation [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(701)	(522)	(629)	(711)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Other comprehensive income (loss), foreign currency translation, net of tax of $(8), $(13), $(18) and $6, respectively	(59)	(20)	(131)	169
Ending balance	(760)	(542)	(760)	(542)
Pension and post retirement [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(241)	(837)	(259)	(864)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Amortization of deferred actuarial losses into earnings, net of tax of $(5), $(8), $(10) and $(16), respectively	18	27	36	54
Ending balance	(223)	(810)	(223)	(810)
Cash Flow Hedges [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	20	29	16	(2)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Deferral of gains (losses) arising during the period, net of tax of $(5), $(2), $(9) and $(13), respectively	17	9	29	43
Reclassification of realized gains (losses) to sales and cost of sales, net of tax of $4, $3, $6 and $4, respectively	(11)	(8)	(19)	(11)
Ending balance	$ 26	$ 30	$ 26	$ 30

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation, tax	$ (8)	$ (13)	$ (18)	$ 6
Amortization of deferred actuarial losses, tax	(5)	(8)	(10)	(16)
Gains (losses) deferred during the period, tax	(5)	(2)	(9)	(13)
Reclassification of (gains) losses to sales and cost of sales, tax	$ 4	$ 3	$ 6	$ 4

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 4,791		$ 4,431	$ 9,264	$ 8,592
Earnings	811		737	1,986	1,300
Interest expense	(52)		(38)	(90)	(78)
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	$ 453	0	453	0
Operating Segments [Member] | Automation Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	2,937		2,793	5,742	5,485
Earnings	556		471	1,082	832
Operating Segments [Member] | Commercial & Residential Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	1,857		1,645	3,528	3,121
Earnings	365		357	664	667
Operating Segments [Member] | Climate Technologies [Member]
Segment Reporting Information [Line Items]
Net sales	1,341		1,160	2,504	2,191
Earnings	262		245	454	457
Operating Segments [Member] | Tools & Home Products [Member]
Segment Reporting Information [Line Items]
Net sales	516		485	1,024	930
Earnings	103		112	210	210
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Stock compensation	(50)		(61)	(91)	(125)
Unallocated pension and postretirement costs	25		23	51	47
Interest expense	(52)		(38)	(90)	(78)
Corporate and other [Member]
Segment Reporting Information [Line Items]
Earnings	(33)		(15)	(83)	(43)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (3)		$ (7)	$ (6)	$ (14)

Business Segments Product Line

Business Segments Product Line Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 4,791	$ 4,431	$ 9,264	$ 8,592
Automation Solutions [Member] | Measurement & Analytical Instrumentation [Member]
Disaggregation of Revenue [Line Items]
Net sales	767	732	1,502	1,430
Automation Solutions [Member] | Valves, Actuators & Regulators [Member]
Disaggregation of Revenue [Line Items]
Net sales	883	836	1,699	1,642
Automation Solutions [Member] | Industrial Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	602	555	1,168	1,063
Automation Solutions [Member] | Systems & Software
Disaggregation of Revenue [Line Items]
Net sales	685	670	1,373	1,350
Operating Segments [Member] | Automation Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 2,937	$ 2,793	$ 5,742	$ 5,485

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 221	$ 239	$ 452	$ 483
Corporate, non-segment [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	9	16	18	36
Operating Segments [Member] | Automation Solutions [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	147	156	302	312
Operating Segments [Member] | Commercial & Residential Solutions [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	65	67	132	135
Operating Segments [Member] | Climate Technologies [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	46	47	93	96
Operating Segments [Member] | Tools & Home Products [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 19	$ 20	$ 39	$ 39

Business Segments Geographic In

Business Segments Geographic Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 4,791	$ 4,431	$ 9,264	$ 8,592
Reportable Geographical Components [Member]
Disaggregation of Revenue [Line Items]
Net sales	4,794	4,438	9,270	8,606
Reportable Geographical Components [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	2,666	2,342	5,051	4,490
Reportable Geographical Components [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	1,333	1,258	2,660	2,509
Reportable Geographical Components [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	795	838	1,559	1,607
Reportable Geographical Components [Member] | Automation Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,937	2,793	5,742	5,485
Reportable Geographical Components [Member] | Automation Solutions [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,383	1,223	2,624	2,390
Reportable Geographical Components [Member] | Automation Solutions [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	995	953	2,000	1,896
Reportable Geographical Components [Member] | Automation Solutions [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	559	617	1,118	1,199
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,857	1,645	3,528	3,121
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,283	1,119	2,427	2,100
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	338	305	660	613
Reportable Geographical Components [Member] | Commercial & Residential Solutions [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 236	$ 221	$ 441	$ 408

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020
Accumulated foreign currency translation losses	$ 10,614		$ 9,923	$ 9,180
Foreign currency translation [Member]
Accumulated foreign currency translation losses	(760)	$ (701)	$ (629)	$ (542)	$ (522)	$ (711)
RUSSIAN FEDERATION
Net Assets	$ 50
Percent of Consolidated Sales	1.50%
RUSSIAN FEDERATION | Foreign currency translation [Member]
Accumulated foreign currency translation losses	$ (145)