Emerson Electric (EMR) 10-Q 8 Feb 23 2023 Q1 Quarterly report Financial data

Cover

Cover	3 Months Ended
	Dec. 31, 2022 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 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	2023
Document Fiscal Period Focus	Q1
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	571,400,000
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
	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 3,373	$ 3,156
Cost of sales	1,753	1,741
Selling, general and administrative expenses	1,030	849
Gain on subordinated interest	0	(453)
Other deductions, net	120	38
Interest expense (net of interest income of $20, and $3, respectively)	48	39
Earnings from continuing operations before income taxes	422	942
Income taxes	98	196
Earnings from continuing operations	324	746
Discontinued operations, net of tax: $966 and $84, respectively	2,002	149
Net earnings	2,326	895
Less: Noncontrolling interests in subsidiaries	(5)	(1)
Net earnings common stockholders	2,331	896
Earnings from continuing operations common stockholders	329	746
Earnings from discontinued operations common stockholders	$ 2,002	$ 150
Earnings from continuing operations, per basic share	$ 0.56	$ 1.25
Earnings from discontinued operations, per basic share	3.43	0.26
Earnings Per Share, Basic	3.99	1.51
Earnings from continuing operations, per diluted share	0.56	1.25
Earnings from discontinued operations, per diluted share	3.41	0.25
Earnings Per Share, Diluted	$ 3.97	$ 1.50
Weighted Average Number of Shares Outstanding, Basic	583.6	594.6
Weighted Average Number of Shares Outstanding, Diluted	586.7	598.1

Consolidated Statements Of Ea_2

Consolidated Statements Of Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Interest income	$ 20	$ 3
Discontinued operation taxes	$ 966	$ 84

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net earnings	$ 2,326	$ 895
Other comprehensive income (loss), net of tax:
Foreign currency translation	241	(72)
Pension and postretirement	(16)	18
Cash flow hedges	10	4
Total other comprehensive income (loss)	235	(50)
Comprehensive income	2,561	845
Less: Noncontrolling interests in subsidiaries	0	(1)
Comprehensive income common stockholders	$ 2,561	$ 846

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Current assets
Cash and equivalents	$ 2,271	$ 1,804
Receivables, less allowances of $101 and $100, respectively	2,231	2,261
Inventories	1,999	1,742
Other current assets	1,290	1,301
Current assets held-for-sale	1,209	1,398
Total current assets	9,000	8,506
Property, plant and equipment, net	2,263	2,239
Other assets
Goodwill	14,087	13,946
Other intangible assets	6,460	6,572
Other	2,268	2,151
Noncurrent assets held-for-sale	2,163	2,258
Total other assets	24,978	24,927
Total assets	36,241	35,672
Current liabilities
Short-term borrowings and current maturities of long-term debt	1,792	2,115
Accounts payable	1,219	1,276
Accrued expenses	3,949	3,038
Current liabilities held-for-sale	1,200	1,348
Total current liabilities	8,160	7,777
Long-term debt	8,159	8,259
Other Liabilities, Noncurrent	3,057	3,153
Noncurrent liabilities held-for-sale	151	167
Equity
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 571.4 shares and 591.4 shares, respectively	477	477
Additional paid-in-capital	112	57
Retained earnings	30,076	28,053
Accumulated other comprehensive income (loss)	(1,255)	(1,485)
Cost of common stock in treasury, 382.0 shares and 362.0 shares, respectively	(18,683)	(16,738)
Common stockholders’ equity	10,727	10,364
Noncontrolling interests in subsidiaries	5,987	5,952
Total equity	16,714	16,316
Total liabilities and equity	$ 36,241	$ 35,672

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 101	$ 100
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	571.4	591.4
Treasury stock, shares	382	362

Consolidated Statement of Equit

Consolidated Statement of Equity Statement - USD ($) $ in Millions	Total	AspenTech	Common stock	Additional paid-in-capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock	Noncontrolling interests in subsidiaries
Beginning balance at Sep. 30, 2021				$ 522	$ 26,047	$ (872)	$ (16,291)	$ 40
Statement [Roll Forward]
Stock plans				42
Net earnings common stockholders	$ 896				896
Dividends paid (per share: $0.52 and $0.515, respectively)					(307)
Foreign currency translation	(72)					(72)
Pension and postretirement	(18)					18
Cash flow hedges	4					4
Purchases							(258)
Issued under stock plans							43
Net earnings								(1)
Stock compensation								0
Other comprehensive income	(50)							0
Ending balance at Dec. 31, 2021	10,288		$ 477	564	26,636	(922)	(16,506)	39
Beginning balance at Sep. 30, 2021				522	26,047	(872)	(16,291)	40
Statement [Roll Forward]
Adjustments to Additional Paid in Capital, Other		$ 550
Ending balance at Sep. 30, 2022	16,316			57	28,053	(1,485)	(16,738)	5,952
Statement [Roll Forward]
Common stockholders' equity	10,249
Common stockholders' equity	10,364
Stock plans				55
Net earnings common stockholders	2,331				2,331
Dividends paid (per share: $0.52 and $0.515, respectively)					(308)
Foreign currency translation	241					236
Pension and postretirement	16					(16)
Cash flow hedges	10					10
Purchases							(2,000)
Issued under stock plans							55
Net earnings								(5)
Stock compensation								35
Other comprehensive income	235							5
Ending balance at Dec. 31, 2022	16,714		$ 477	$ 112	$ 30,076	$ (1,255)	$ (18,683)	$ 5,987
Statement [Roll Forward]
Common stockholders' equity	$ 10,727

Consolidated Statement of Equ_2

Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Dividends paid, per share	$ 0.52	$ 0.515

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows € in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Operating activities
Net earnings	$ 2,326	$ 895
Earnings from discontinued operations, net of tax	(2,002)	(149)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	260	178
Stock compensation	102	34
Total changes in operating working capital	(289)	(125)
Gain on subordinated interest	0	(453)
Other, net	(95)	(3)
Cash from continuing operations	302	377
Cash from discontinued operations	116	146
Cash provided by operating activities	418	523
Investing activities
Capital expenditures	(59)	(73)
Purchases of businesses, net of cash and equivalents acquired	0	(39)
Proceeds from subordinated interest	15	438
Other, net	(23)	3
Investing cash from continuing operations	(67)	329
Investing cash from discontinued operations	2,953	(44)
Cash provided by investing activities	2,886	285
Financing activities
Net increase in short-term borrowings	(539)	(335)
Proceeds from long-term debt	0	2,975
Payments of long-term debt	(9)	(501)
Dividends paid	(306)	(307)
Purchases of common stock	(2,000)	(253)
Other, net	(41)	22
Cash provided by (used in) financing activities	(2,895)	1,601
Effect of exchange rate changes on cash and equivalents	58	(37)
Increase (Decrease) in cash and equivalents	467	2,372
Beginning cash and equivalents	1,804	2,354
Ending cash and equivalents	2,271	4,726
Changes in operating working capital
Receivables	78	172
Inventories	(193)	(177)
Other current assets	14	7
Accounts payable	(58)	(15)
Accrued expenses	(130)	(112)
Total changes in operating working capital	$ (289)	$ (125)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 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, 2022. Over the past 18 months, Emerson Electric Co. ("Emerson" or the "Company") has taken significant actions to accelerate the transformation of its portfolio through the completion of strategic acquisitions and divestitures of non-core businesses. The Company's recent portfolio actions include the combination of its industrial software businesses with Aspen Technology, Inc., with the Company owning 55 percent of the outstanding shares of the combined entity on a fully diluted basis upon closing of the transaction on May 16, 2022, the sale of its Therm-O-Disc business, which was completed on May 31, 2022, the sale of its InSinkErator business, which was completed on October 31, 2022, and the sale of a majority stake in its Climate Technologies business, which was announced on October 31, 2022, and is expected to close in the first half of calendar year 2023, subject to regulatory approvals and customary closing conditions.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Dec. 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 assets (current and noncurrent), and its customer advances (contract liabilities), which are reported in Accrued expenses and Other liabilities. Sept 30, 2022 Dec 31, 2022 Unbilled receivables (contract assets) $ 1,390 1,412 Customer advances (contract liabilities) (776) (938) Net contract assets (liabilities) $ 614 474 The majority of the Company's contract balances relate to (1) arrangements where revenue is recognized over time and payments from customers are made according to a contractual billing schedule, and (2) revenue from term software lice nse arrangements sold by AspenTech where the license revenue is recognized upfront upon delivery. The decrease in net contract assets was due to customer billings exceeding revenue recognized for performance completed during the period. Revenue recognized for the three months ended December 31, 2022 included $335 that was included in the beginning contract liability balance. Other factors that impacted the change in net contract assets were immaterial. Revenue recognized for the three months ended December 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. As of December 31, 2022, the Company's backlog relating to unsatisfied (or partially unsatisfied) performance obligations in contracts with its customers was approximately $7.8 billion . The Company expects to recognize appro ximately 80 percent of its

Common Shares and Share-Based C

Common Shares and Share-Based Compensation	3 Months Ended
	Dec. 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 2021 2022 Basic shares outstanding 594.6 583.6 Dilutive shares 3.5 3.1 Diluted shares outstanding 598.1 586.7

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES Aspen Technology On May 16, 2022, the Company completed the transactions contemplated by its definitive agreement with Aspen Technology, Inc. ("Heritage AspenTech") to contribute two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the Geological Simulation Software business ( collectively, the “Emerson Industrial Software Business”) , along with approximately $6.0 billion in cash to Heritage AspenTech stockholders, to create "New AspenTech", a diversified, high-performance industrial software leader with greater scale, capabilities and technologies (hereinafter referred to as "AspenTech"). Upon closing of the transaction, Emerson owned 55 percent of the outstanding shares of New AspenTech common stock (on a fully diluted basis) and former Heritage AspenTech stockholders owned the remaining outstanding shares of AspenTech common stock. AspenTech and its subsidiaries now operate under Heritage AspenTech’s previous name “Aspen Technology, Inc.” and AspenTech common stock is traded on NASDAQ under AspenTech’s previous stock ticker symbol “AZPN.” The business combination has been accounted for using the acquisition method of accounting with Emerson considered the accounting acquirer of Heritage AspenTech. The net assets of Heritage AspenTech were recorded at their estimated fair value and for the Emerson Industrial Software Business continue at their historical basis. The Company recorded a noncontrolling interest of $5.9 billion for the 45 percent ownership interest of former Heritage AspenTech stockholders in AspenTech. The noncontrolling interest associated with the Heritage AspenTech acquired net assets was recorded at fair value determined using the closing market price per share of Heritage AspenTech as of May 16, 2022, while the portion attributable to the Emerson Industrial Software business was recorded at its historical carrying amount. The impact of recognizing the noncontrolling interest in the Emerson Industrial Software Business resulted in a decrease to additional paid-in-capital of $550. The following table summarizes the components of the purchase consideration reflected in the acquisition accounting using Heritage AspenTech's shares outstanding and closing market price per share as of May 16, 2022 (in millions except share and per share data): Heritage AspenTech shares outstanding 66,662,482 Heritage AspenTech share price $ 166.30 Purchase price $ 11,086 Value of stock-based compensation awards attributable to pre-combination service 102 Total purchase consideration $ 11,188 The total purchase consideration for Heritage AspenTech was allocated to assets and liabilities as follows. Cash and equivalents $ 274 Receivables 43 Other current assets 280 Property, plant equipment 4 Goodwill ($34 expected to be tax-deductible) 7,225 Other intangible assets 4,390 Other assets 513 Total assets 12,729 Short-term borrowings 27 Accounts payable 8 Accrued expenses 113 Long-term debt 255 Deferred taxes and other liabilities 1,138 Total purchase consideration $ 11,188 Emerson's cash contribution of approximately $6.0 billion was paid out at approximately $87.69 per share (on a fully diluted basis) to holders of issued and outstanding shares of Heritage AspenTech common stock as of the closing of the transactions, with $168 of cash remaining on AspenTech's balance sheet as of the closing which is not included in the allocation of purchase consideration above. The estimated intangible assets attributable to the transaction are comprised of the following (in millions) : Amount Estimated Weighted Average Life (Years) Developed technology $ 1,350 10 Customer relationships 2,300 15 Trade names 430 Indefinite-lived Backlog 310 3 Total $ 4,390 Results of operations for the first quarter of 2023 attributable to the Heritage AspenTech acquisition include sales of $168 while the impact to GAAP net earnings was not material. Pro Forma Financial Information The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of Heritage AspenTech occurred on Oct ober 1, 2020. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time ($ in millions, except per share amounts). Three Months Ended December 31, 2021 Net Sales $ 3,327 Net earnings from continuing operations common stockholders $ 734 Diluted earnings per share from continuing operations $ 1.23 The pro forma results for the three months ended December 31, 2021 include $32 of transaction costs which were assumed to be incurred in the first fiscal quarter of 2021. Of these transaction costs, $22 were included in the Company's reported results for the three months ended December 31, 2021, but have been excluded from the fiscal 2022 pro forma results above. In addition, Heritage AspenTech incurred $68 of transaction costs prior to the completion of the acquisition that were not included in Emerson's reported results. The pro forma results for the three months ended December 31, 2021 include estimated interest exp ense of $37 related to the issuance of $3 billion of term debt and increased commercial paper borrowings to fund the acquisition. Other Transactions On July 27, 2022, AspenTech entered into an agreement to acquire Micromine, a global leader in design and operational solutions for the mining industry, for AU$900 (approximately $623 USD based on exchange rates when the transaction was announced). The transaction is expected to close as soon as the remaining regulatory approval is obtained. On May 4, 2022, Emerson announced its intention to exit business operations in Russia and divest Metran, its Russia-based manufacturing subs idiary, and on September 27, 2022, announced an agreement to sell the business to the local management group. In the first quarter of fiscal 2023, the Company recognized a pretax loss of $47 in Other deductions ($47 after-tax, in total $0.08 per share) related to its exit of business operations in Russia. The transaction will be subject to regulatory and government approvals, and other customary closing conditions. Emerson will work closely with the local Russia management group to help ensure a smooth transition for employees through the sale process. two three

Discontinued Operations and Dis

Discontinued Operations and Disposal Groups	3 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONS In October 2022, the Board of Directors approved the Company's announced agreement to sell a majority stake in its Climate Technologies business (which constitutes the former Climate Technologies segment, excluding Therm-O-Disc which was divested earlier in fiscal 2022) to private equity funds managed by Blackstone in a $14.0 billion transaction. Emerson will receive upfront, pre-tax cash proceeds of approximately $9.5 billion and a note of $2.25 billion at close (which will accrue 5 percent interest payable in kind by capitalizing interest), while retaining a 45 percent non-controlling interest in a new standalone joint venture between Emerson and Blackstone. The Climate Technologies business, which includes the Copeland compressor business and the entire portfolio of products and services across all residential and commercial HVAC and refrigeration end-markets, had fiscal 2022 net sales of approximately $5.0 billion and pretax earnings of $1.0 billion. The transaction is expected to close in the first half of calendar year 2023, subject to regulatory approvals and customary closing conditions. On October 31, 2022, the Company completed the divestiture of its InSinkErator business, which manufactures food waste disposers, to Whirlpool Corporation for $3.0 billion. This business had net sales of $630 and pretax earnings of $152 in fiscal 2022. The Company recognized a pretax gain of $2.8 billion (approximately $2.1 billion after-tax) in the first quarter of fiscal 2023. On May 31, 2022 the Company completed the divestiture of its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC. The Company recognized a pretax gain of $486 ($429 after-tax) in the third fiscal quarter of 2022. The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three months ended December 31, 2022 and 2021 and were as follows: Climate Technologies ISE and TOD Total Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2021 2022 2021 2022 2021 2022 Net sales $ 1,079 1,064 238 49 1,317 1,113 Cost of sales 762 702 148 29 910 731 SG&A 127 142 35 8 162 150 Gain on sale of business — — — (2,780) — (2,780) Other deductions, net 6 32 6 12 12 44 Earnings (Loss) before income taxes 184 188 49 2,780 233 2,968 Income taxes 39 313 45 653 84 966 Earnings (Loss), net of tax $ 145 (125) 4 2,127 149 2,002 Climate Technologies' results for the three months ended December 31, 2022 include lower expense of $27 due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $27 of transaction-related costs for the three months ended December 31, 2022. Income taxes for the three months ended December 31, 2022 included approximately $275 for Climate Technologies subsidiary restructurings and approximately $660 related to the gain on the InSinkErator divestiture. The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of December 31, 2022 and September 30, 2022 are summarized as follows: Climate Technologies ISE Total Sept. 30, Dec. 31, Sept. 30, Dec. 31, Sept. 30, Dec. 31, Assets 2022 2022 2022 2022 2022 2022 Receivables $ 747 608 68 — 815 608 Inventories 449 541 81 — 530 541 Other current assets 49 60 4 — 53 60 Property, plant & equipment, net 1,122 1,093 141 — 1,263 1,093 Goodwill 716 720 2 — 718 720 Other noncurrent assets 265 350 12 — 277 350 Total assets held-for-sale $ 3,348 3,372 308 — 3,656 3,372 Liabilities Accounts payable $ 752 733 60 — 812 733 Other current liabilities 475 467 61 — 536 467 Deferred taxes and other noncurrent liabilities 154 151 13 — 167 151 Total liabilities held-for-sale $ 1,381 1,351 134 — 1,515 1,351 Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the three months ended December 31, 2022 and 2021 were as follows: Climate Technologies ISE and TOD Total Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2021 2022 2021 2022 2021 2022 Cash from operating activities $ 132 205 14 (89) 146 116 Cash from investing activities $ (35) (43) (9) 2,996 (44) 2,953 Cash from operating activities reflects the payment of ISE transaction fees and unfavorable working capital. Cash from investing activities for the three months ended December 31, 2022 reflects the proceeds of $3.0 billion related to the InSinkErator divestiture.

Pension & Postretirement Plans

Pension & Postretirement Plans	3 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Pension & Postretirement Plans	PENSION & POSTRETIREMENT PLANS Total periodic pension and postretirement (income) expense is summarized below: Three Months Ended December 31, 2021 2022 Service cost $ 19 12 Interest cost 34 54 Expected return on plan assets (78) (71) Net amortization 23 (20) Total $ (2) (25)

Other Deductions, Net

Other Deductions, Net	3 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Deductions, Net	OTHER DEDUCTIONS, NET Other deductions, net are summarized below: Three Months Ended 2021 2022 Amortization of intangibles (intellectual property and $ 57 118 Restructuring costs 6 10 Acquisition/divestiture costs 23 — Foreign currency transaction (gains) losses (7) (7) Investment-related gains & gains from sales of capital assets (15) (4) Russia business exit — 47 Other (26) (44) Total $ 38 120 In the first quarter of fiscal 2023, intangibles amortization for the three months ended December 31, 2022 included $64 related to the Heritage AspenTech acquisition and foreign currency transaction gains included a mark-to-market gain of $35 related to foreign currency forward contracts entered into by AspenTec

Restructuring Costs

Restructuring Costs	3 Months Ended
	Dec. 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. The Company expects fiscal 2023 restructuring expense and related costs to be approximately $90, including costs to complete actions initiated in the first three months of the year. Restructuring expense by business segment follows: Three Months Ended 2021 2022 Final Control $ — (1) Measurement & Analytical 2 1 Discrete Automation 2 1 Safety & Productivity — — Intelligent Devices 4 1 Control Systems & Software 1 1 AspenTech — — Software and Control 1 1 Corporate 1 8 Total $ 6 10 Details of the change in the liability for restructuring costs during the three months ended December 31, 2022 follow: Sept 30, 2022 Expense Utilized/Paid Dec 31, 2022 Severance and benefits $ 117 (2) 1 114 Other 5 12 11 6 Total $ 122 10 12 120 The tables above do not include $8 and $5 of costs related to restructuring actions incurred for the three months ended December 31, 2021 and 2022, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses.

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	TAXES Income taxes were $98 in the first quarter of fiscal 2023 and $196 in 2022, resulting in effective tax rates of 23 percent and 21 percent, respectively. The current year rate included a 2 percentage point unfavorable impact related to the Russia charge, which had no related tax benefit. 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 and the remainder was paid in December 2022.

Other Financial Information

Other Financial Information	3 Months Ended
	Dec. 31, 2022
Disclosure Text Block [Abstract]
Other Financial Information	OTHER FINANCIAL INFORMATION Sept 30, 2022 Dec 31, 2022 Inventories Finished products $ 417 456 Raw materials and work in process 1,325 1,543 Total $ 1,742 1,999 Property, plant and equipment, net Property, plant and equipment, at cost $ 5,390 5,373 Less: Accumulated depreciation 3,151 3,110 Total $ 2,239 2,263 Goodwill by business segment Final Control $ 2,605 2,659 Measurement & Analytical 1,112 1,131 Discrete Automation 807 839 Safety & Productivity 364 389 Intelligent Devices 4,888 5,018 Control Systems & Software 732 740 AspenTech 8,326 8,329 Software and Control 9,058 9,069 Total $ 13,946 14,087 Other intangible assets Gross carrying amount $ 9,671 9,767 Less: Accumulated amortization 3,099 3,307 Net carrying amount $ 6,572 6,460 Other intangible assets include customer relationships, net, of $3,436 and $3,399 and intellectual property, net, of $2,934 and $2,860 as of September 30, 2022 and December 31, 2022, respectively. Three Months Ended December 31, 2021 2022 Depreciation and amortization expense include the following: Depreciation expense $ 84 74 Amortization of intangibles (includes $14 and $49 reported in Cost of Sales, respectively) 71 167 Amortization of capitalized software 23 19 Total $ 178 260 Amortization of intangibles included $99 related to the Heritage AspenTech acquisition for the three months ended December 31, 2022. Sept 30, 2022 Dec 31, 2022 Other assets include the following: Pension assets $ 865 912 Unbilled receivables (contract assets) 428 516 Operating lease right-of-use assets 439 434 Deferred income taxes 85 73 Asbestos-related insurance receivables 68 68 Accrued expenses include the following: Income taxes $ 125 1,080 Customer advances (contract liabilities) 751 901 Employee compensation 523 372 Operating lease liabilities (current) 128 131 Product warranty 84 89 The increase in Income taxes was due to taxes of approximately $660 related to the gain on divestiture of InSinkErator and approximately $275 related to subsidiary restructurings at Climate Technologies. See Note 5. Other liabilities include the following: Deferred income taxes $ 1,714 1,694 Pension and postretirement liabilities 427 441 Operating lease liabilities (noncurrent) 312 306 Asbestos litigation 205 200 Debt: On January 17, 2023, AspenTech paid off the outstanding balance of its existing term loan facility of $264, plus accrued interest, which resulted in the long-term portion being reclassified and reported as short-term borrowings as of December 31, 2022.

Financial Instruments

Financial Instruments	3 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Hedging Activities – As of December 31, 2022, the notional amount of foreign currency hedge positions was approximately $5.2 billion, and commodity hedge contracts totaled approximately $115 (primarily 33 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 December 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 months ended December 31, 2021 and 2022: Into Earnings Into OCI 1st Quarter 1st Quarter Gains (Losses) Location 2021 2022 2021 2022 Commodity Cost of sales $ 7 (8) 13 11 Foreign currency Sales 1 (1) — 4 Foreign currency Cost of sales 2 8 3 (3) Foreign currency Other deductions, net 44 5 Net Investment Hedges Euro denominated debt 44 (123) Total $ 54 4 60 (111) 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 as sessment of hedge effectiveness. Equity Investment – The Company has an equity investment in National Instruments, valued at $82 as of December 31, 2022, and reported in Other current assets. On January 17, 2023, the Company announced a proposal to acquire National Instruments for $53 per share in cash at an implied enterprise value of $7.6 billion. National Instruments, which had fiscal 2021 sales of approximately $1.5 billion, announced on January 13, 2023 it was undertaking a strategic review which could include the solicitation of interest from other potential acquirors. 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 December 31, 2022, the fair value of long-term debt was $7.7 billion, which was lower than the carrying value by $1,169. The fair values of commodity and foreign currency contracts did not materially change since September 30, 2022. Foreign currency contracts were reported in Other current assets and Accrued expenses, while commodity contracts, which primarily relate to discontinued operations, were reported in Current assets and liabilities held-for-sale. The fair value of the Company's equity investment in National Instruments falls within Level 1 and was based on the most recent quoted closing market price from its principal exchange.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Dec. 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 months ended December 31, 2021 and 2022 is shown below, net of income taxes: Three Months Ended December 31, 2021 2022 Foreign currency translation Beginning balance $ (629) (1,265) Other comprehensive income (loss), net of tax of $(10) and $28, respectively (72) 236 Ending balance (701) (1,029) Pension and postretirement Beginning balance (259) (222) Amortization of deferred actuarial losses into earnings, net of tax of $(5) and $4, respectively 18 (16) Ending balance (241) (238) Cash flow hedges Beginning balance 16 2 Gains deferred during the period, net of taxes of $(4) and $(3), respectively 12 9 Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $2 and $—, respectively (8) 1 Ending balance 20 12 Accumulated other comprehensive income (loss) $ (922) (1,255)

Business Segments

Business Segments	3 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Business Segments	BUSINESS SEGMENTS As disclosed in Note 5, the financial results of Climate Technologies, InSinkErator and Therm-O-Disc are reported as discontinued operations for all periods presented. As a result of these portfolio actions, the Company has realigned its business segments and now reports six segments and two business groups, which are highlighted in the table below. The Company also reclassified certain product sales that were previously reported in Control Systems & Software to Discrete Automation. INTELLIGENT DEVICES SOFTWARE AND CONTROL • Final Control • Control Systems & Software • Measurement & Analytical • AspenTech • Discrete Automation • Safety & Productivity The new segments were previously described as follows: Final Control was the Valves, Actuators & Regulators product offering; Measurement & Analytical was the Measurement & Analytical instrumentation product offering; Discrete Automation was the Industrial Solutions product offering; Safety & Productivity was the Tools & Home Products segment, excluding the divested InSinkErator business; Control Systems & Software was the Systems & Software product offering; and, AspenTech remains unchanged. The AspenTech segment was identified in the third quarter of fiscal 2022 as a result of the Heritage AspenTech acquisition and reflects the combined results of Heritage AspenTech and the Emerson Industrial Software Business (see Note 4 for further details). The results for this new segment include the historical results of the Emerson Industrial Software Business (which were previously reported in the Control Systems & Software segment), while results related to the Heritage AspenTech business only include periods subsequent to the close of the transaction. Prior year amounts have been reclassified to conform to the current year presentation. Three Months Ended December 31, Sales Earnings 2021 2022 2021 2022 Final Control $ 817 862 122 158 Measurement & Analytical 737 749 170 175 Discrete Automation 617 618 120 121 Safety & Productivity 351 310 65 63 Intelligent Devices 2,522 2,539 477 517 Control Systems & Software 570 606 116 107 AspenTech 82 243 (2) (33) Software and Control 652 849 114 74 Stock compensation (34) (102) Unallocated pension and postretirement costs 26 45 Corporate and other (55) (64) Gain on subordinated interest 453 — Eliminations/Interest (18) (15) (39) (48) Total $ 3,156 3,373 942 422 Corporate and other for the three months ended December 31, 2022 included a loss of $47 related to the Company's exit of business operations in Russia and a mark-to-market gain of $35 related to foreign currency forward contracts entered into by AspenTec h to mitigate the impact of foreign currency exchange associated with the Micromine purchase price, while the three months ended December 31, 2021 included acquisition/divestiture costs of $23. Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below: Three Months Ended December 31, 2021 2022 Final Control $ 53 45 Measurement & Analytical 31 30 Discrete Automation 23 21 Safety & Productivity 15 14 Intelligent Devices 122 110 Control Systems & Software 25 21 AspenTech 23 123 Software and Control 48 144 Corporate and other 8 6 Total $ 178 260 Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below: Three Months Ended December 31, Three Months Ended December 31, 2021 2022 Americas AMEA Europe Total Americas AMEA Europe Total Final Control $ 352 336 129 817 446 308 108 862 Measurement & Analytical 311 296 130 737 396 246 107 749 Discrete Automation 274 183 160 617 291 175 152 618 Safety & Productivity 270 16 65 351 236 17 57 310 Intelligent Devices 1,207 831 484 2,522 1,369 746 424 2,539 Control Systems & Software 268 173 129 570 294 185 127 606 AspenTech 54 16 12 82 112 63 68 243 Software and Control 322 189 141 652 406 248 195 849 Total $ 1,529 1,020 625 3,174 1,775 994 619 3,388

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Dec. 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 assets (current and noncurrent), and its customer advances (contract liabilities), which are reported in Accrued expenses and Other liabilities. Sept 30, 2022 Dec 31, 2022 Unbilled receivables (contract assets) $ 1,390 1,412 Customer advances (contract liabilities) (776) (938) Net contract assets (liabilities) $ 614 474

Common Shares and Share-Based_2

Common Shares and Share-Based Compensation (Tables)	3 Months Ended
	Dec. 31, 2022
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Schedule Of Basic And Diluted Earnings Per Share Reconciliation	Three Months Ended 2021 2022 Basic shares outstanding 594.6 583.6 Dilutive shares 3.5 3.1 Diluted shares outstanding 598.1 586.7

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	3 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Purchase Consideration	The following table summarizes the components of the purchase consideration reflected in the acquisition accounting using Heritage AspenTech's shares outstanding and closing market price per share as of May 16, 2022 (in millions except share and per share data): Heritage AspenTech shares outstanding 66,662,482 Heritage AspenTech share price $ 166.30 Purchase price $ 11,086 Value of stock-based compensation awards attributable to pre-combination service 102 Total purchase consideration $ 11,188
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The total purchase consideration for Heritage AspenTech was allocated to assets and liabilities as follows. Cash and equivalents $ 274 Receivables 43 Other current assets 280 Property, plant equipment 4 Goodwill ($34 expected to be tax-deductible) 7,225 Other intangible assets 4,390 Other assets 513 Total assets 12,729 Short-term borrowings 27 Accounts payable 8 Accrued expenses 113 Long-term debt 255 Deferred taxes and other liabilities 1,138 Total purchase consideration $ 11,188
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The estimated intangible assets attributable to the transaction are comprised of the following (in millions) : Amount Estimated Weighted Average Life (Years) Developed technology $ 1,350 10 Customer relationships 2,300 15 Trade names 430 Indefinite-lived Backlog 310 3 Total $ 4,390
Business Acquisition, Pro Forma Information	The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of Heritage AspenTech occurred on Oct ober 1, 2020. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time ($ in millions, except per share amounts). Three Months Ended December 31, 2021 Net Sales $ 3,327 Net earnings from continuing operations common stockholders $ 734 Diluted earnings per share from continuing operations $ 1.23

Discontinued Operations and D_2

Discontinued Operations and Disposal Groups (Tables)	3 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The financial results of Climate Technologies, InSinkErator ("ISE") and Therm-O-Disc ("TOD") (through the completion of the divestitures), are reported as discontinued operations for the three months ended December 31, 2022 and 2021 and were as follows: Climate Technologies ISE and TOD Total Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2021 2022 2021 2022 2021 2022 Net sales $ 1,079 1,064 238 49 1,317 1,113 Cost of sales 762 702 148 29 910 731 SG&A 127 142 35 8 162 150 Gain on sale of business — — — (2,780) — (2,780) Other deductions, net 6 32 6 12 12 44 Earnings (Loss) before income taxes 184 188 49 2,780 233 2,968 Income taxes 39 313 45 653 84 966 Earnings (Loss), net of tax $ 145 (125) 4 2,127 149 2,002 Climate Technologies' results for the three months ended December 31, 2022 include lower expense of $27 due to ceasing depreciation and amortization upon the held-for-sale classification. Other deductions, net for Climate Technologies included $27 of transaction-related costs for the three months ended December 31, 2022. Income taxes for the three months ended December 31, 2022 included approximately $275 for Climate Technologies subsidiary restructurings and approximately $660 related to the gain on the InSinkErator divestiture. The aggregate carrying amounts of the major classes of assets and liabilities classified as held-for-sale as of December 31, 2022 and September 30, 2022 are summarized as follows: Climate Technologies ISE Total Sept. 30, Dec. 31, Sept. 30, Dec. 31, Sept. 30, Dec. 31, Assets 2022 2022 2022 2022 2022 2022 Receivables $ 747 608 68 — 815 608 Inventories 449 541 81 — 530 541 Other current assets 49 60 4 — 53 60 Property, plant & equipment, net 1,122 1,093 141 — 1,263 1,093 Goodwill 716 720 2 — 718 720 Other noncurrent assets 265 350 12 — 277 350 Total assets held-for-sale $ 3,348 3,372 308 — 3,656 3,372 Liabilities Accounts payable $ 752 733 60 — 812 733 Other current liabilities 475 467 61 — 536 467 Deferred taxes and other noncurrent liabilities 154 151 13 — 167 151 Total liabilities held-for-sale $ 1,381 1,351 134 — 1,515 1,351 Net cash from operating and investing activities for Climate Technologies, InSinkErator and Therm-O-Disc for the three months ended December 31, 2022 and 2021 were as follows: Climate Technologies ISE and TOD Total Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2021 2022 2021 2022 2021 2022 Cash from operating activities $ 132 205 14 (89) 146 116 Cash from investing activities $ (35) (43) (9) 2,996 (44) 2,953

Pension & Postretirement Plans

Pension & Postretirement Plans (Tables)	3 Months Ended
	Dec. 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 December 31, 2021 2022 Service cost $ 19 12 Interest cost 34 54 Expected return on plan assets (78) (71) Net amortization 23 (20) Total $ (2) (25)

Other Deductions, Net (Tables)

Other Deductions, Net (Tables)	3 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Other Deductions, net	Other deductions, net are summarized below: Three Months Ended 2021 2022 Amortization of intangibles (intellectual property and $ 57 118 Restructuring costs 6 10 Acquisition/divestiture costs 23 — Foreign currency transaction (gains) losses (7) (7) Investment-related gains & gains from sales of capital assets (15) (4) Russia business exit — 47 Other (26) (44) Total $ 38 120

Restructuring Costs (Tables)

Restructuring Costs (Tables)	3 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expense by Segment	Restructuring expense by business segment follows: Three Months Ended 2021 2022 Final Control $ — (1) Measurement & Analytical 2 1 Discrete Automation 2 1 Safety & Productivity — — Intelligent Devices 4 1 Control Systems & Software 1 1 AspenTech — — Software and Control 1 1 Corporate 1 8 Total $ 6 10
Schedule of Change in Restructuring Reserve by Type of Cost	Details of the change in the liability for restructuring costs during the three months ended December 31, 2022 follow: Sept 30, 2022 Expense Utilized/Paid Dec 31, 2022 Severance and benefits $ 117 (2) 1 114 Other 5 12 11 6 Total $ 122 10 12 120

Other Financial Information (Ta

Other Financial Information (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure Text Block [Abstract]
Inventories	Sept 30, 2022 Dec 31, 2022 Inventories Finished products $ 417 456 Raw materials and work in process 1,325 1,543 Total $ 1,742 1,999
Property, Plant and Equipment, net	Property, plant and equipment, net Property, plant and equipment, at cost $ 5,390 5,373 Less: Accumulated depreciation 3,151 3,110 Total $ 2,239 2,263
Goodwill by Business Segment	Goodwill by business segment Final Control $ 2,605 2,659 Measurement & Analytical 1,112 1,131 Discrete Automation 807 839 Safety & Productivity 364 389 Intelligent Devices 4,888 5,018 Control Systems & Software 732 740 AspenTech 8,326 8,329 Software and Control 9,058 9,069 Total $ 13,946 14,087
Other Intangible Assets	Other intangible assets Gross carrying amount $ 9,671 9,767 Less: Accumulated amortization 3,099 3,307 Net carrying amount $ 6,572 6,460
Depreciation and Amortization components	Three Months Ended December 31, 2021 2022 Depreciation and amortization expense include the following: Depreciation expense $ 84 74 Amortization of intangibles (includes $14 and $49 reported in Cost of Sales, respectively) 71 167 Amortization of capitalized software 23 19 Total $ 178 260
Other Assets	Sept 30, 2022 Dec 31, 2022 Other assets include the following: Pension assets $ 865 912 Unbilled receivables (contract assets) 428 516 Operating lease right-of-use assets 439 434 Deferred income taxes 85 73 Asbestos-related insurance receivables 68 68
Accrued Expenses	Accrued expenses include the following: Income taxes $ 125 1,080 Customer advances (contract liabilities) 751 901 Employee compensation 523 372 Operating lease liabilities (current) 128 131 Product warranty 84 89
Other Liabilities	Other liabilities include the following: Deferred income taxes $ 1,714 1,694 Pension and postretirement liabilities 427 441 Operating lease liabilities (noncurrent) 312 306 Asbestos litigation 205 200

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivative Instruments	Into Earnings Into OCI 1st Quarter 1st Quarter Gains (Losses) Location 2021 2022 2021 2022 Commodity Cost of sales $ 7 (8) 13 11 Foreign currency Sales 1 (1) — 4 Foreign currency Cost of sales 2 8 3 (3) Foreign currency Other deductions, net 44 5 Net Investment Hedges Euro denominated debt 44 (123) Total $ 54 4 60 (111)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Dec. 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 months ended December 31, 2021 and 2022 is shown below, net of income taxes: Three Months Ended December 31, 2021 2022 Foreign currency translation Beginning balance $ (629) (1,265) Other comprehensive income (loss), net of tax of $(10) and $28, respectively (72) 236 Ending balance (701) (1,029) Pension and postretirement Beginning balance (259) (222) Amortization of deferred actuarial losses into earnings, net of tax of $(5) and $4, respectively 18 (16) Ending balance (241) (238) Cash flow hedges Beginning balance 16 2 Gains deferred during the period, net of taxes of $(4) and $(3), respectively 12 9 Reclassification of realized (gains) losses to sales and cost of sales, net of tax of $2 and $—, respectively (8) 1 Ending balance 20 12 Accumulated other comprehensive income (loss) $ (922) (1,255)

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended December 31, Sales Earnings 2021 2022 2021 2022 Final Control $ 817 862 122 158 Measurement & Analytical 737 749 170 175 Discrete Automation 617 618 120 121 Safety & Productivity 351 310 65 63 Intelligent Devices 2,522 2,539 477 517 Control Systems & Software 570 606 116 107 AspenTech 82 243 (2) (33) Software and Control 652 849 114 74 Stock compensation (34) (102) Unallocated pension and postretirement costs 26 45 Corporate and other (55) (64) Gain on subordinated interest 453 — Eliminations/Interest (18) (15) (39) (48) Total $ 3,156 3,373 942 422 Corporate and other for the three months ended December 31, 2022 included a loss of $47 related to the Company's exit of business operations in Russia and a mark-to-market gain of $35 related to foreign currency forward contracts entered into by AspenTec h to mitigate the impact of foreign currency exchange associated with the Micromine purchase price, while the three months ended December 31, 2021 included acquisition/divestiture costs of $23. Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below: Three Months Ended December 31, 2021 2022 Final Control $ 53 45 Measurement & Analytical 31 30 Discrete Automation 23 21 Safety & Productivity 15 14 Intelligent Devices 122 110 Control Systems & Software 25 21 AspenTech 23 123 Software and Control 48 144 Corporate and other 8 6 Total $ 178 260
Schedule of Financial Information By Geographic Area	Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below: Three Months Ended December 31, Three Months Ended December 31, 2021 2022 Americas AMEA Europe Total Americas AMEA Europe Total Final Control $ 352 336 129 817 446 308 108 862 Measurement & Analytical 311 296 130 737 396 246 107 749 Discrete Automation 274 183 160 617 291 175 152 618 Safety & Productivity 270 16 65 351 236 17 57 310 Intelligent Devices 1,207 831 484 2,522 1,369 746 424 2,539 Control Systems & Software 268 173 129 570 294 185 127 606 AspenTech 54 16 12 82 112 63 68 243 Software and Control 322 189 141 652 406 248 195 849 Total $ 1,529 1,020 625 3,174 1,775 994 619 3,388

Revenue Recognition Contract As

Revenue Recognition Contract Assets (Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Unbilled receivables (contract assets)	$ 1,412	$ 1,390
Customer advances (contract liabilities)	(938)	(776)
Net contract liabilities	474	$ 614
Revenue recognized, included in beginning contract liability	335
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Backlog	$ 7,800

Revenue Recognition Performance

Revenue Recognition Performance Obligations (Details) $ in Billions	Dec. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Backlog	$ 7.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Percentage of backlog recognized as revenue, next 12 months	80%
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]: 2024-01-01
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]: 2025-01-01
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
	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares Outstanding, Basic	583.6	594.6
Dilutive shares	3.1	3.5
Diluted shares outstanding	586.7	598.1

Purchase Price (Details)

Purchase Price (Details) - AspenTech $ / shares in Units, $ in Millions	May 16, 2022 USD ($) $ / shares shares
Business Acquisition [Line Items]
Shares, Outstanding | shares	66,662,482
Share Price | $ / shares	$ 166.30
Purchase price - AspenTech	$ 11,086
Value of stock-based compensation awards attributable to pre-combination service	102
Total purchase consideration	$ 11,188

Acquisitions And Divestitures S

Acquisitions And Divestitures Schedule of Purchase Price Allocated to Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	May 16, 2022
Business Acquisition [Line Items]
Goodwill ($34 expected to be tax-deductible)	$ 14,087	$ 13,946
Goodwill expected tax deductible amount			$ 34
AspenTech
Business Acquisition [Line Items]
Cash and equivalents			274
Accounts receivable			43
Other current assets			280
Property, plant and equipment, net			4
Goodwill ($34 expected to be tax-deductible)			7,225
Other intangible assets			4,390
Other assets			513
Total assets			12,729
Short-term borrowings			27
Accounts payable			8
Accrued expenses			113
Long-term debt			255
Deferred tax and other liabilities			1,138
Total purchase consideration			$ 11,188

Finite & Indefinite Lived Intan

Finite & Indefinite Lived Intangibles (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	May 16, 2022
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, weighted average useful life	10 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, weighted average useful life	15 years
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, weighted average useful life	3 years
AspenTech
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		$ 4,390
AspenTech | Trade Names
Acquired Indefinite-lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		430
AspenTech | Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		1,350
AspenTech | Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		2,300
AspenTech | Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangibles		$ 310

Pro Forma Financial Information

Pro Forma Financial Information (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Dec. 31, 2021 USD ($) $ / shares
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 3,327
Business Acquisition, Pro Forma Net Income (Loss) from continuing operations common stockholders	$ 734
Business Acquisition, Pro Forma Earnings Per Share from continuing operations, Diluted | $ / shares	$ 1.23

Acquisitions and Divestitures N

Acquisitions and Divestitures Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended		12 Months Ended	27 Months Ended
	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares	Mar. 31, 2023 USD ($)	Mar. 31, 2023 AUD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	May 16, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)
Business Acquisition [Line Items]
Cash and equivalents	$ 2,271,000,000	$ 4,726,000,000			$ 1,804,000,000			$ 2,354,000,000
Net sales	3,373,000,000	3,156,000,000
Acquisition/divestiture costs	0	23,000,000
Proceeds from Issuance of Debt					3,000,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	2,780,000,000	0
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	453,000,000
Proceeds from subordinated interest	15,000,000	438,000,000
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT), net of tax		$ 358,000,000
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT), net of tax, per diluted share | $ / shares		$ 0.60
AspenTech
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners							45%
Acquisition-related Costs
Business Acquisition [Line Items]
Acquisition/divestiture costs		$ 32,000,000
Interest Expense		37,000,000
RUSSIAN FEDERATION
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	(47,000,000)
(Loss) on sale of business, net of tax	$ (47,000,000)
Disposal Group, Gain (loss) on disposal, net of tax, per diluted share | $ / shares	$ (0.08)
Backlog
Business Acquisition [Line Items]
Intangible assets, weighted average useful life	3 years
AspenTech
Business Acquisition [Line Items]
Cash contribution to AspenTech shareholders					6,000,000,000
Business Acquisition, Percentage of Voting Interests Acquired							55%
Proceeds from Noncontrolling Interests					5,900,000,000
Adjustments to Additional Paid in Capital, Other					550,000,000
Approximate per share payout | $ / shares							$ 87.69
Cash and equivalents							$ 168,000,000
Net sales	$ 168,000,000
Acquisition/divestiture costs		$ 22,000,000
Intangibles							4,390,000,000
AspenTech | Backlog
Business Acquisition [Line Items]
Intangibles							$ 310,000,000
Heritage AspenTech
Business Acquisition [Line Items]
Acquisition/divestiture costs					$ 68,000,000
Forecast [Member]
Business Acquisition [Line Items]
Pretax periodic distribution from retained subordinated interest						$ 75,000,000
Forecast [Member] | Minimum [Member]
Business Acquisition [Line Items]
Period over which distributions are expected to occur						2 years
Forecast [Member] | Maximum [Member]
Business Acquisition [Line Items]
Period over which distributions are expected to occur						3 years
Forecast [Member] | Micromine
Business Acquisition [Line Items]
Purchase price			$ 623,000,000	$ 900

Discontinued Operations and D_3

Discontinued Operations and Disposal Groups (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Sep. 30, 2022
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue	$ 1,113	$ 1,317
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	731	910
Disposal Group, Including Discontinued Operation, General and Administrative Expense	150	162
Gain (loss) on sale of business	(2,780)	0
Disposal Group, Including Discontinued Operations, Other (income) deductions, net	44	12
Earnings before income taxes	2,968	233
Discontinued operations taxes	966	84
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	2,002	149
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	608			$ 815
Disposal Group, Including Discontinued Operation, Inventory, Current	541			530
Disposal Group, Including Discontinued Operation, Other Assets, Current	60			53
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	1,093			1,263
Disposal Group, Including Discontinued Operation, Goodwill, Current	720			718
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	350			277
Disposal Group, Including Discontinued Operation, Assets	3,372			3,656
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current [Abstract]	733			812
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	467			536
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	151			167
Disposal Group, Including Discontinued Operation, Liabilities	1,351			1,515
Cash Provided by (Used in) Operating Activities, Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations	116	146
Cash Provided by (Used in) Investing Activities, Discontinued Operations	2,953	(44)
InSinkErator [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price	3,000
Disposal Group, Pre-tax earnings				152
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	2,800
(Loss) on sale of business, net of tax	2,100
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue				630
Discontinued Operation, Tax Effect of Discontinued Operation	660
Climate Technologies (excluding Therm-O-Disc)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Pre-tax earnings				1,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue	1,064	1,079		5,000
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	702	762
Disposal Group, Including Discontinued Operation, General and Administrative Expense	142	127
Gain (loss) on sale of business	0	0
Disposal Group, Including Discontinued Operations, Other (income) deductions, net	32	6
Earnings before income taxes	188	184
Discontinued operations taxes	313	39
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	(125)	145
Ceased Depreciation	27
Discontinued operations costs	27
Discontinued Operation, Tax Effect of Discontinued Operation	275
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	608			747
Disposal Group, Including Discontinued Operation, Inventory, Current	541			449
Disposal Group, Including Discontinued Operation, Other Assets, Current	60			49
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	1,093			1,122
Disposal Group, Including Discontinued Operation, Goodwill, Current	720			716
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	350			265
Disposal Group, Including Discontinued Operation, Assets	3,372			3,348
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current [Abstract]	733			752
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	467			475
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	151			154
Disposal Group, Including Discontinued Operation, Liabilities	1,351			1,381
Cash Provided by (Used in) Operating Activities, Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations	205	132
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(43)	(35)
Therm-O-Disc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax				(486)
(Loss) on sale of business, net of tax				429
Therm-O-Disc &/or InSinkErator
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue	49	238
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	29	148
Disposal Group, Including Discontinued Operation, General and Administrative Expense	8	35
Gain (loss) on sale of business	(2,780)	0
Disposal Group, Including Discontinued Operations, Other (income) deductions, net	12	6
Earnings before income taxes	2,780	49
Discontinued operations taxes	653	45
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	2,127	4
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	0			68
Disposal Group, Including Discontinued Operation, Inventory, Current	0			81
Disposal Group, Including Discontinued Operation, Other Assets, Current	0			4
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	0			141
Disposal Group, Including Discontinued Operation, Goodwill, Current	0			2
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	0			12
Disposal Group, Including Discontinued Operation, Assets	0			308
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current [Abstract]	0			60
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	0			61
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	0			13
Disposal Group, Including Discontinued Operation, Liabilities	0			$ 134
Cash Provided by (Used in) Operating Activities, Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations	(89)	14
Cash Provided by (Used in) Investing Activities, Discontinued Operations	$ 2,996	$ (9)
Forecast [Member] | Climate Technologies (excluding Therm-O-Disc)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			45%
Forecast [Member] | Climate Technologies (excluding Therm-O-Disc)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses			$ 9,500
Purchase price			14,000
Proceeds from Sale and Collection of Notes Receivable			$ 2,250

Pension & Postretirement Plan_2

Pension & Postretirement Plans (Schedule Of Net Periodic Pension And Net Postretirement Plan Expenses) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 12	$ 19
Interest cost	54	34
Expected return on plan assets	(71)	(78)
Net amortization	(20)	23
Total	$ (25)	$ (2)

Other Deductions, Net (Schedule

Other Deductions, Net (Schedule Of Other Deductions, Net) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other deductions, net [Line Items]
Amortization of intangibles intellectual property and customer relationships	$ 118	$ 57
Restructuring costs	10	6
Acquisition/divestiture costs	0	23
Foreign currency transaction gain (loss)	7	7
Investment-related gains & gains from sales of capital assets	(4)	(15)
Russia business exit - excluding restructuring expense	47	0
Other	(44)	(26)
Other deductions, net	120	38
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	35
AspenTech
Other deductions, net [Line Items]
Acquisition/divestiture costs		$ 22
Amortization of intangible assets	99
AspenTech | Other Nonoperating Income (Expense)
Other deductions, net [Line Items]
Amortization of intangible assets	$ 64

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Beginning restructuring liability	$ 122
Restructuring expense	10	$ 6
Restructuring utilized/paid	12
Ending restructuring liability	120
Cost of sales and selling, general, and administrative expenses [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	5	8
Severance and benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability	117
Restructuring expense	(2)
Restructuring utilized/paid	1
Ending restructuring liability	114
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Beginning restructuring liability	5
Restructuring expense	12
Restructuring utilized/paid	11
Ending restructuring liability	6
Measurement & Analytical Instrumentation [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	1	2
Final Control
Restructuring Reserve [Roll Forward]
Restructuring expense	(1)	0
Discrete Automation
Restructuring Reserve [Roll Forward]
Restructuring expense	1	2
Safety & Productivity [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	0	0
Intelligent Devices
Restructuring Reserve [Roll Forward]
Restructuring expense	1	4
AspenTech
Restructuring Reserve [Roll Forward]
Restructuring expense	0	0
Control Systems & Software
Restructuring Reserve [Roll Forward]
Restructuring expense	1	1
Software and Control
Restructuring Reserve [Roll Forward]
Restructuring expense	1	1
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	$ 8	$ 1
Forecast [Member]
Restructuring Reserve [Roll Forward]
Expected fiscal year restructuring expense			$ 90

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		15 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax [Line Items]
Income taxes	$ 98	$ 196
Effective income tax rate	23%	21%
Unfavorable discrete items, percentage impact	2%
Payroll tax deferral from CARES Act through December 2020			$ 73
Payroll Taxes Paid	$ 37	$ 37

Other Financial Information (In

Other Financial Information (Inventories) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Inventory Disclosure [Abstract]
Finished products	$ 456	$ 417
Raw materials and work in process	1,543	1,325
Total	$ 1,999	$ 1,742

Other Financial Information (PP

Other Financial Information (PPE) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property, plant and equipment, at cost	$ 5,373	$ 5,390
Less: Accumulated depreciation	3,110	3,151
Total	$ 2,263	$ 2,239

Other Financial Information (Go

Other Financial Information (Goodwill) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Goodwill [Line Items]
Goodwill	$ 14,087	$ 13,946
Measurement & Analytical Instrumentation [Member]
Goodwill [Line Items]
Goodwill	1,131	1,112
Final Control
Goodwill [Line Items]
Goodwill	2,659	2,605
Discrete Automation
Goodwill [Line Items]
Goodwill	839	807
Safety & Productivity [Member]
Goodwill [Line Items]
Goodwill	389	364
Intelligent Devices
Goodwill [Line Items]
Goodwill	5,018	4,888
AspenTech
Goodwill [Line Items]
Goodwill	8,329	8,326
Control Systems & Software
Goodwill [Line Items]
Goodwill	740	732
Software and Control
Goodwill [Line Items]
Goodwill	$ 9,069	$ 9,058

Other Financial Information (_2

Other Financial Information (Intangibles) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 9,767	$ 9,671
Less: Accumulated amortization	3,307	3,099
Net carrying amount	6,460	6,572
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	3,399	3,436
Intellectual Property
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 2,860	$ 2,934

Other Financial Data (Component

Other Financial Data (Components of Depreciation and Amortization) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Depreciation expense	$ 74	$ 84
Amortization of intangibles (includes $49 and $14 reported in Cost of Sales, respectively)	167	71
Amortization of capitalized software	19	23
Depreciation and amortization	260	178
Amortization of intangibles in Cost of Sales	49	$ 14
AspenTech
Amortization of intangible assets	$ 99

Other Financial Information (Ot

Other Financial Information (Other Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Pension assets	$ 912	$ 865
Operating lease right-of-use assets	434	439
Unbilled receivables (contract assets)	516	428
Deferred income taxes	73	85
Asbestos-related insurance receivables	$ 68	$ 68

Other Financial Information (Ac

Other Financial Information (Accrued Expenses) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Accrued Liabilities and Other Liabilities [Abstract]
Customer advances (contract liabilities)	$ 901	$ 751
Employee compensation	$ 372	523
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Operating lease liabilities (current)	$ 131	128
Product warranty	89	84
Accrued Income Taxes, Current	1,080	$ 125
InSinkErator [Member]
Discontinued Operation, Tax Effect of Discontinued Operation	660
Climate Technologies (excluding Therm-O-Disc)
Discontinued Operation, Tax Effect of Discontinued Operation	$ 275

Other Financial Information (_3

Other Financial Information (Other Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Other Liabilities [Abstract]
Deferred income taxes		$ 1,694	$ 1,714
Pension and postretirement liabilities		441	427
Operating lease liabilities (noncurrent)		306	312
Asbestos litigation		$ 200	$ 205
AspenTech | Subsequent Event [Member]
Repayments of Short-term Debt	$ 264

Financial Instruments (Schedule

Financial Instruments (Schedule Of Derivative Instruments) (Details) $ / shares in Units, € in Millions, lb in Millions, $ in Millions		3 Months Ended		12 Months Ended
	Jan. 17, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) lb	Dec. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2019 EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings		$ 4	$ 54
Other Comprehensive Income (Loss), Total		(111)	60
Net sales		3,373	3,156
National Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net sales				$ 1,500
National Instruments | Forecast [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Business Acquisition, Share Price | $ / shares	$ 53
Purchase price	$ 7,600
National Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Investments		82
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings		(8)	7
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		11	13
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of foreign currency hedge positions		5,200
Foreign Exchange Contract [Member] | Other deductions, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings		5	44
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings		8	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		(3)	3
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified to earnings		(1)	1
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		4	0
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		(123)	$ 44
All Commodity Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of commodities hedged		$ 115
Copper and Aluminum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Weight in pounds of copper and aluminum commodity hedges | lb		33
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	Dec. 31, 2022 USD ($)
Derivatives, Fair Value [Line Items]
Fair value of long-term debt compared with carrying value	$ 1,169
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	$ 7,700

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Accumulated other comprehensive income [Roll Forward]
Beginning balance	$ 16,316
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Ending balance	16,714	$ 10,288
Accumulated other comprehensive income (loss)	(1,255)	(922)	$ (1,485)
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(1,485)	(872)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Ending balance	(1,255)	(922)
Foreign currency translation [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(1,265)	(629)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Other comprehensive income (loss), foreign currency translation, net of tax of $28 and $(10), respectively	236	(72)
Ending balance	(1,029)	(701)
Pension and post retirement [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	(222)	(259)
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Amortization of deferred actuarial losses into earnings, net of tax of $4 and $(5), respectively	(16)	18
Ending balance	(238)	(241)
Cash Flow Hedges [Member]
Accumulated other comprehensive income [Roll Forward]
Beginning balance	2	16
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]
Deferral of gains (losses) arising during the period, net of tax of $(3) and $(4), respectively	9	12
Reclassification of realized gains (losses) to sales and cost of sales, net of tax of $0 and $2, respectively	1	(8)
Ending balance	$ 12	$ 20

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation, tax	$ 28	$ (10)
Amortization of deferred actuarial losses, tax	4	(5)
Gains (losses) deferred during the period, tax	(3)	(4)
Reclassification of (gains) losses to sales and cost of sales, tax	$ 0	$ 2

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 3,373	$ 3,156
Earnings	422	942
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	453
Gain (loss) on sale of business	2,780	0
Interest expense	(48)	(39)
Operating Segments [Member] | Measurement & Analytical Instrumentation [Member]
Segment Reporting Information [Line Items]
Net sales	749	737
Earnings	175	170
Operating Segments [Member] | Final Control
Segment Reporting Information [Line Items]
Net sales	862	817
Earnings	158	122
Operating Segments [Member] | Discrete Automation
Segment Reporting Information [Line Items]
Net sales	618	617
Earnings	121	120
Operating Segments [Member] | Safety & Productivity [Member]
Segment Reporting Information [Line Items]
Net sales	310	351
Earnings	63	65
Operating Segments [Member] | Intelligent Devices
Segment Reporting Information [Line Items]
Net sales	2,539	2,522
Earnings	517	477
Operating Segments [Member] | AspenTech
Segment Reporting Information [Line Items]
Net sales	243	82
Earnings	(33)	(2)
Operating Segments [Member] | Control Systems & Software
Segment Reporting Information [Line Items]
Net sales	606	570
Earnings	107	116
Operating Segments [Member] | Software and Control
Segment Reporting Information [Line Items]
Net sales	849	652
Earnings	74	114
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Stock compensation	(102)	(34)
Unallocated pension and postretirement costs	45	26
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT)	0	453
Corporate and other [Member]
Segment Reporting Information [Line Items]
Earnings	(64)	(55)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(15)	(18)
Interest expense	$ (48)	$ (39)

Business Segments Narrative (De

Business Segments Narrative (Details)	3 Months Ended
	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	$ 35,000,000
AspenTech
Segment Reporting Information [Line Items]
Business Acquisition, Transaction Costs	23,000,000
RUSSIAN FEDERATION
Segment Reporting Information [Line Items]
(Loss) on sale of business, net of tax	$ 47,000,000

Business Segment Information -

Business Segment Information - Depreciation & Amortization (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 260	$ 178
Corporate, non-segment [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	6	8
Operating Segments [Member] | Measurement & Analytical Instrumentation [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	30	31
Operating Segments [Member] | Final Control
Segment Reporting Information [Line Items]
Depreciation and amortization	45	53
Operating Segments [Member] | Discrete Automation
Segment Reporting Information [Line Items]
Depreciation and amortization	21	23
Operating Segments [Member] | Safety & Productivity [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	14	15
Operating Segments [Member] | Intelligent Devices
Segment Reporting Information [Line Items]
Depreciation and amortization	110	122
Operating Segments [Member] | AspenTech
Segment Reporting Information [Line Items]
Depreciation and amortization	123	23
Operating Segments [Member] | Control Systems & Software
Segment Reporting Information [Line Items]
Depreciation and amortization	21	25
Operating Segments [Member] | Software and Control
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 144	$ 48

Business Segments Geographic In

Business Segments Geographic Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 3,373	$ 3,156
Reportable Geographical Components [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,388	3,174
Reportable Geographical Components [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,775	1,529
Reportable Geographical Components [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	994	1,020
Reportable Geographical Components [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	619	625
Reportable Geographical Components [Member] | Final Control
Disaggregation of Revenue [Line Items]
Net sales	862	817
Reportable Geographical Components [Member] | Final Control | Americas
Disaggregation of Revenue [Line Items]
Net sales	446	352
Reportable Geographical Components [Member] | Final Control | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	308	336
Reportable Geographical Components [Member] | Final Control | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	108	129
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member]
Disaggregation of Revenue [Line Items]
Net sales	749	737
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	396	311
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	246	296
Reportable Geographical Components [Member] | Measurement & Analytical Instrumentation [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	107	130
Reportable Geographical Components [Member] | Discrete Automation
Disaggregation of Revenue [Line Items]
Net sales	618	617
Reportable Geographical Components [Member] | Discrete Automation | Americas
Disaggregation of Revenue [Line Items]
Net sales	291	274
Reportable Geographical Components [Member] | Discrete Automation | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	175	183
Reportable Geographical Components [Member] | Discrete Automation | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	152	160
Reportable Geographical Components [Member] | Safety & Productivity [Member]
Disaggregation of Revenue [Line Items]
Net sales	310	351
Reportable Geographical Components [Member] | Safety & Productivity [Member] | Americas
Disaggregation of Revenue [Line Items]
Net sales	236	270
Reportable Geographical Components [Member] | Safety & Productivity [Member] | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	17	16
Reportable Geographical Components [Member] | Safety & Productivity [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	57	65
Reportable Geographical Components [Member] | Intelligent Devices
Disaggregation of Revenue [Line Items]
Net sales	2,539	2,522
Reportable Geographical Components [Member] | Intelligent Devices | Americas
Disaggregation of Revenue [Line Items]
Net sales	1,369	1,207
Reportable Geographical Components [Member] | Intelligent Devices | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	746	831
Reportable Geographical Components [Member] | Intelligent Devices | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	424	484
Reportable Geographical Components [Member] | Control Systems & Software
Disaggregation of Revenue [Line Items]
Net sales	606	570
Reportable Geographical Components [Member] | Control Systems & Software | Americas
Disaggregation of Revenue [Line Items]
Net sales	294	268
Reportable Geographical Components [Member] | Control Systems & Software | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	185	173
Reportable Geographical Components [Member] | Control Systems & Software | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	127	129
Reportable Geographical Components [Member] | AspenTech
Disaggregation of Revenue [Line Items]
Net sales	243	82
Reportable Geographical Components [Member] | AspenTech | Americas
Disaggregation of Revenue [Line Items]
Net sales	112	54
Reportable Geographical Components [Member] | AspenTech | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	63	16
Reportable Geographical Components [Member] | AspenTech | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	68	12
Reportable Geographical Components [Member] | Software and Control
Disaggregation of Revenue [Line Items]
Net sales	849	652
Reportable Geographical Components [Member] | Software and Control | Americas
Disaggregation of Revenue [Line Items]
Net sales	406	322
Reportable Geographical Components [Member] | Software and Control | Asia, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net sales	248	189
Reportable Geographical Components [Member] | Software and Control | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 195	$ 141