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ACQUISITIONS AND DIVESTITURES (Tables) | 12 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Purchase Consideration Reflected in Acquisition Accounting for NI | The following table summarizes the components of the purchase consideration reflected in the acquisition accounting for NI.
Cash paid to acquire remaining NI shares not already owned by Emerson |  | $ | 7,833 |
Payoff of NI debt at closing |  | 634 |
Total consideration paid in cash at closing |  | 8,467 |
Fair value of NI shares already owned by Emerson prior to acquisition |  | 137 |
Value of stock-based compensation awards attributable to pre-combination service |  | 49 |
Total purchase consideration |  | $ | 8,653 |
Schedule of Purchase Price 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 NI was allocated to assets and liabilities as follows.
Cash and equivalents |  | $ | 135 |
Receivables |  | 309 |
Inventory |  | 490 |
Other current assets |  | 140 |
Property, plant and equipment |  | 328 |
Goodwill ($121 expected to be tax-deductible) |  | 3,442 |
Other intangible assets |  | 5,275 |
Other assets |  | 105 |
Total assets |  | 10,224 |
Accounts payable |  | 52 |
Accrued expenses |  | 315 |
Deferred taxes and other liabilities |  | 1,204 |
Total purchase consideration |  | $ | 8,653 |
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 |  | 115 |
Long-term debt |  | 255 |
Deferred taxes and other liabilities |  | 1,136 |
Total purchase consideration |  | $ | 11,188 |
Schedule of 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 |  | $ | 1,570 |  |  | 9
Customer relationships |  | 3,360 |  |  | 15
Trade names |  | 210 |  |  | 9
Backlog |  | 135 |  |  | 1
Total |  | $ | 5,275 |  |  |
The estimated intangible assets attributable to the transaction are comprised of the following (in millions):
|  | Amount |  | Estimated Useful Life (Years)
Developed technology |  | $ | 1,350 |  |  | 10
Customer relationships |  | 2,300 |  |  | 15
Trade names |  | 430 |  |  | Indefinite-lived
Backlog |  | 310 |  |  | 3
Total |  | $ | 4,390 |  |  |
Schedule of Business Acquisition, Pro Forma Information | 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).
|  | 2023 |  |  | 2024 |  |  |  |
Net Sales |  | 16,858 |  |  | 17,511 |  |  |  |
Net earnings from continuing operations common stockholders |  | 1,508 |  |  | 1,982 |  |  |  |
Diluted earnings per share from continuing operations |  | 2.61 |  |  | 3.45 |  |  |  |
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).
| 2022 |
Net Sales | $ | 14,218 |
Net earnings from continuing operations common stockholders | $ | 1,916 |
Diluted earnings per share from continuing operations | $ | 3.21 |

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