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Other Financial Information | 3 Months Ended
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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.

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