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Other Financial Information | 6 Months Ended
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Mar. 31, 2023
Disclosure Text Block [Abstract] |
Other Financial Information | OTHER FINANCIAL INFORMATION
| Sept 30, 2022 |  | Mar 31, 2023
Inventories |  |  |  |  |
Finished products |  | $ | 417 |  |  |  | 473 |
Raw materials and work in process |  | 1,325 |  |  |  | 1,561 |
Total |  | $ | 1,742 |  |  |  | 2,034 |
Property, plant and equipment, net |  |  |  |
Property, plant and equipment, at cost |  | $ | 5,390 |  |  |  | 5,445 |  |
Less: Accumulated depreciation |  | 3,151 |  |  |  | 3,182 |  |
Total |  | $ | 2,239 |  |  |  | 2,263 |  |
Goodwill by business segment |  |  |  |  |  |
Final Control |  | $ | 2,605 |  |  |  | 2,676 |  |
Measurement & Analytical |  | 1,112 |  |  |  | 1,190 |  |
Discrete Automation |  | 807 |  |  |  | 843 |  |
Safety & Productivity |  | 364 |  |  |  | 391 |  |
Intelligent Devices |  | 4,888 |  |  |  | 5,100 |  |
Control Systems & Software |  | 732 |  |  |  | 670 |  |
AspenTech |  | 8,326 |  |  |  | 8,327 |  |
Software and Control |  | 9,058 |  |  |  | 8,997 |  |
Total |  | $ | 13,946 |  |  |  | 14,097 |  |
Other intangible assets |  |  |
Gross carrying amount |  | $ | 9,671 |  |  |  | 9,800 |
Less: Accumulated amortization |  | 3,099 |  |  |  | 3,501 |
Net carrying amount |  | $ | 6,572 |  |  |  | 6,299 |
Other intangible assets include customer relationships, net, of $3,436 and $3,329 and intellectual property, net, of $2,934 and $2,770 as of September 30, 2022 and March 31, 2023, respectively.
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |
Depreciation and amortization expense include the following: |  |  |  |  |  |  |
Depreciation expense | $ | 79 |  |  | 72 |  |  | 163 |  |  | 146 |
Amortization of intangibles (includes $14, $49, $28 and $98 reported in Cost of Sales, respectively) | 71 |  |  | 168 |  |  | 142 |  |  | 335 |
Amortization of capitalized software | 21 |  |  | 23 |  |  | 44 |  |  | 42 |
Total | $ | 171 |  |  | 263 |  |  | 349 |  |  | 523 |
Amortization of intangibles included $99 and $198, related to the Heritage AspenTech acquisition for the three and six months ended March 31, 2023, respectively.
| Sept 30, 2022 |  | Mar 31, 2023
Other assets include the following: |  |  |
Pension assets |  | $ | 865 |  |  |  | 933 |
Unbilled receivables (contract assets) |  | 428 |  |  |  | 471 |
Operating lease right-of-use assets |  | 439 |  |  |  | 436 |
Deferred income taxes |  | 85 |  |  |  | 83 |
Asbestos-related insurance receivables |  | 68 |  |  |  | 67 |
Accrued expenses include the following: |  |  |  |  |
Customer advances (contract liabilities) |  | $ | 751 |  |  |  | 940 |
Employee compensation |  | 523 |  |  |  | 445 |
Income taxes |  | 125 |  |  |  | 390 |
Operating lease liabilities (current) |  | 128 |  |  |  | 132 |
Product warranty |  | 84 |  |  |  | 91 |
The increase in Income taxes was due to remaining income taxes payable of approximately $330 related to the gain on the InSinkErator divestiture and subsidiary restructurings at Climate Technologies, which are expected to be paid by the end of fiscal 2023. See Note 5.
Other liabilities include the following: |  |  |  |  |
Deferred income taxes |  | $ | 1,714 |  |  |  | 1,585 |
Pension and postretirement liabilities |  | 427 |  |  |  | 440 |
Operating lease liabilities (noncurrent) |  | 312 |  |  |  | 305 |
Asbestos litigation |  | 205 |  |  |  | 194 |

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