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Business Segments Information | 12 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Business Segments Information | BUSINESS SEGMENTS INFORMATION The Company designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial and consumer markets around the world. In connection with the strategic portfolio repositioning actions undertaken to transform the Company into a more focused enterprise, the Company realigned its businesses. Starting in fiscal 2017, the Company began reporting three segments: Automation Solutions; and Climate Technologies and Tools & Home Products, which together comprise the Commercial & Residential Solutions business. The Automation Solutions segment enables process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs through a broad offering of integrated solutions, software, services and products, including measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. Significant markets served include oil and gas, refining, chemicals and power generation, as well as pharmaceuticals, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies. The segment's major product offerings are described below.
• | Measurement & Analytical Instrumentation products measure the physical properties of liquids or gases in a process stream and communicate this information to a process control system or other software applications, and analyze the chemical composition of process fluids and emissions to enhance quality and efficiency, as well as environmental compliance.
• | Valves, Actuators & Regulators consists of control, isolation and pressure relief valves which respond to commands from a control system to continuously and precisely modulate the flow of process fluids, smart actuation and control technologies, pressure management products, and industrial and residential regulators that reduce the pressure of fluids moving from high-pressure supply lines into lower pressure systems.
• | Industrial Solutions provides fluid control and pneumatic mechanisms, electrical distribution equipment, and materials joining and precision cleaning products which are used in a variety of manufacturing operations to provide integrated solutions to customers.
• | Process Control Systems & Solutions provides a digital ecosystem that controls plant processes by communicating with and adjusting the "intelligent" plant devices described above to provide precision measurement, control, monitoring, asset optimization, and plant safety and reliability for plants that produce power, or process fluids or other items.
The Commercial & Residential Solutions business consists of the Climate Technologies and Tools & Home Products segments. This business provides products and solutions that promote energy efficiency, enhance household and commercial comfort, and protect food quality and sustainability through heating, air conditioning and refrigeration technology, as well as a broad range of tools and appliance solutions. The Climate Technologies segment provides products, services and solutions for all areas of the climate control industry, including residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and cold chain management. Products include compressors, temperature sensors and controls, thermostats, flow controls, and stationary and mobile remote monitoring technologies and services that enable homeowners and businesses to better manage their heating, air conditioning and refrigeration systems for improved control and comfort, and lower energy costs. The Tools & Home Products segment offers tools for professionals and homeowners and appliance solutions. Products include professional pipe-working tools, electrical and utility tools, residential and commercial food waste disposers, and wet-dry vacuums. The principal distribution method for each segment is direct sales forces, although the Company also uses independent sales representatives and distributors. Due to its global presence, certain of the Company's international operations are subject to risks including the stability of governments and business conditions in foreign countries which could result in adverse changes in exchange rates, changes in regulations or disruption of operations. The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes. Certain expenses are reported at Corporate, including stock compensation expense and a portion of pension and postretirement benefit costs. Corporate and other includes unallocated corporate expenses, acquisition/divestiture costs, first year acquisition accounting charges (which include fair value adjustments related to inventory, backlog and deferred revenue) and other items. Corporate assets are primarily comprised of cash and equivalents, investments and certain fixed assets. Summarized below is information about the Company's operations by business segment and by geography. Business Segments
| Sales |  | Earnings |  | Total Assets
| 2017 |  |  | 2018 |  |  | 2019 |  |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2017 |  |  | 2018 |  |  | 2019 |
Automation Solutions | $ | 9,418 |  |  | 11,441 |  |  | 12,202 |  |  | $ | 1,522 |  |  | 1,886 |  |  | 1,947 |  |  | $ | 12,581 |  |  | 13,720 |  |  | 13,996 |
Climate Technologies | 4,212 |  |  | 4,454 |  |  | 4,313 |  |  | 975 |  |  | 972 |  |  | 883 |  |  | 2,547 |  |  | 2,936 |  |  | 2,885 |
Tools & Home Products | 1,645 |  |  | 1,528 |  |  | 1,856 |  |  | 383 |  |  | 380 |  |  | 388 |  |  | 830 |  |  | 1,560 |  |  | 1,462 |
Commercial & Residential Solutions | 5,857 |  |  | 5,982 |  |  | 6,169 |  |  | 1,358 |  |  | 1,352 |  |  | 1,271 |  |  | 3,377 |  |  | 4,496 |  |  | 4,347 |
Corporate items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation |  |  | — |  |  |  |  | (110 | ) |  | (216 | ) |  | (120 | ) |  | — |  |  | — |  |  |
Pension and postretirement costs |  |  |  |  |  |  | 27 |  |  | 79 |  |  | 108 |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  |  | (297 | ) |  | (275 | ) |  | (173 | ) |  | 3,631 |  |  | 2,174 |  |  | 2,154 |
Eliminations/Interest | (11 | ) |  | (15 | ) |  | 1 |  |  | (165 | ) |  | (159 | ) |  | (174 | ) |  |  |  |  |  |
Total | $ | 15,264 |  |  | 17,408 |  |  | 18,372 |  |  | $ | 2,335 |  |  | 2,667 |  |  | 2,859 |  |  | $ | 19,589 |  |  | 20,390 |  |  | 20,497 |
Automation Solutions sales by major product offering are summarized below:
|  | 2017 |  |  | 2018 |  |  | 2019 |
Measurement & Analytical Instrumentation |  | $ | 3,070 |  |  | 3,604 |  |  | 3,807 |
Valves, Actuators & Regulators |  | 2,659 |  |  | 3,749 |  |  | 3,794 |
Industrial Solutions |  | 1,689 |  |  | 1,967 |  |  | 2,232 |
Process Control Systems & Solutions |  | 2,000 |  |  | 2,121 |  |  | 2,369 |
Total |  | $ | 9,418 |  |  | 11,441 |  |  | 12,202 |
| Depreciation and Amortization |  | Capital Expenditures
| 2017 |  |  | 2018 |  |  | 2019 |  |  | 2017 |  |  | 2018 |  |  | 2019 |
Automation Solutions | $ | 381 |  |  | 488 |  |  | 535 |  |  | $ | 234 |  |  | 295 |  |  | 297 |
Climate Technologies | 156 |  |  | 171 |  |  | 176 |  |  | 182 |  |  | 209 |  |  | 222 |
Tools & Home Products | 45 |  |  | 44 |  |  | 71 |  |  | 45 |  |  | 64 |  |  | 59 |
Commercial & Residential Solutions | 201 |  |  | 215 |  |  | 247 |  |  | 227 |  |  | 273 |  |  | 281 |
Corporate and other | 54 |  |  | 55 |  |  | 40 |  |  | 15 |  |  | 49 |  |  | 16 |
Total | $ | 636 |  |  | 758 |  |  | 822 |  |  | $ | 476 |  |  | 617 |  |  | 594 |
Geographic Information
| Automation Solutions |  | Commercial & Residential Solutions |  | Total
| 2017 |  |  | 2018 |  |  | 2019 |  |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2017 |  |  | 2018 |  |  | 2019 |
Americas | $ | 4,581 |  |  | 5,517 |  |  | 5,850 |  |  | $ | 4,051 |  |  | 3,967 |  |  | 4,253 |  |  | $ | 8,632 |  |  | 9,484 |  |  | 10,103 |
Asia, Middle East & Africa | 2,936 |  |  | 3,657 |  |  | 3,891 |  |  | 1,273 |  |  | 1,384 |  |  | 1,192 |  |  | 4,209 |  |  | 5,041 |  |  | 5,083 |
Europe | 1,901 |  |  | 2,267 |  |  | 2,461 |  |  | 533 |  |  | 631 |  |  | 724 |  |  | 2,434 |  |  | 2,898 |  |  | 3,185 |
Total | $ | 9,418 |  |  | 11,441 |  |  | 12,202 |  |  | $ | 5,857 |  |  | 5,982 |  |  | 6,169 |  |  | $ | 15,275 |  |  | 17,423 |  |  | 18,371 |
Sales in the U.S. were $8,390, $7,939 and $7,273 for 2019, 2018 and 2017, respectively, while Asia, Middle East & Africa includes sales in China of $1,962, $1,955 and $1,540 in those years.
|  | Property, Plant and Equipment
|  | 2017 |  |  | 2018 |  |  | 2019 |
Americas |  | $ | 2,055 |  |  | 2,234 |  |  | 2,339 |
Asia, Middle East & Africa |  | 640 |  |  | 652 |  |  | 671 |
Europe |  | 626 |  |  | 676 |  |  | 632 |
Total |  | $ | 3,321 |  |  | 3,562 |  |  | 3,642 |
Assets located in the U.S. were $2,128 in 2019, $2,027 in 2018 and $1,840 in 2017.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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