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Restructuring | 9 Months Ended
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Jun. 30, 2018
Restructuring and Related Activities [Abstract] |
Restructuring |
| 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 full year 2018 restructuring expense to be approximately $80, which includes costs related to the Tools & Test and Aventics acquisitions. See Note 13. The full year expense includes $38 incurred to date, as well as costs to complete actions initiated before the end of the third quarter and actions anticipated to be approved and initiated during the remainder of the year. Costs for the three and nine months ended June 30, 2018 largely relate to restructuring of the global cost structure consistent with the current level of economic activity, as well as the redeployment of resources for future growth.
Restructuring expense by business segment follows:
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |
Automation Solutions |  | $ | 20 |  |  |  | 9 |  |  |  | 35 |  |  |  | 26 |
Climate Technologies |  | 1 |  |  |  | 4 |  |  |  | 8 |  |  |  | 11 |
Tools & Home Products |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |
Commercial & Residential Solutions |  | 1 |  |  |  | 4 |  |  |  | 9 |  |  |  | 11 |
Corporate |  | — |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Total |  | $ | 21 |  |  |  | 14 |  |  |  | 45 |  |  |  | 38 |
Details of the change in the liability for restructuring costs during the nine months ended June 30, 2018 follow:
| Sept 30, 2017 |  |  | Expense |  |  | Utilized/Paid |  |  | June 30, 2018 |
Severance and benefits |  | $ | 60 |  |  |  | 24 |  |  |  | 48 |  |  |  | 36 |
Lease and other contract terminations |  | 4 |  |  |  | 2 |  |  |  | 2 |  |  |  | 4 |
Asset write-downs |  | — |  |  |  | 1 |  |  |  | 1 |  |  |  | — |
Vacant facility and other shutdown costs |  | 1 |  |  |  | 4 |  |  |  | 3 |  |  |  | 2 |
Start-up and moving costs |  | — |  |  |  | 7 |  |  |  | 6 |  |  |  | 1 |
Total |  | $ | 65 |  |  |  | 38 |  |  |  | 60 |  |  |  | 43 |

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- References No definition available. + Details
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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