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BUSINESS SEGMENTS (Tables) | 6 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Summarized information about the Company's results of operations by business segment follows:
| Three Months Ended March 31, |  | Six Months Ended March 31,
| Sales |  | Earnings (Loss) |  | Sales |  | Earnings (Loss)
| 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |
Final Control | $ | 992 |  |  | 1,051 |  |  | 215 |  |  | 259 |  |  | 1,854 |  |  | 1,991 |  |  | 373 |  |  | 453 |
Measurement & Analytical | 888 |  |  | 1,013 |  |  | 229 |  |  | 274 |  |  | 1,637 |  |  | 1,960 |  |  | 404 |  |  | 509 |
Discrete Automation | 683 |  |  | 632 |  |  | 133 |  |  | 116 |  |  | 1,301 |  |  | 1,245 |  |  | 254 |  |  | 213 |
Safety & Productivity | 361 |  |  | 365 |  |  | 83 |  |  | 83 |  |  | 671 |  |  | 687 |  |  | 146 |  |  | 151 |
Intelligent Devices | 2,924 |  |  | 3,061 |  |  | 660 |  |  | 732 |  |  | 5,463 |  |  | 5,883 |  |  | 1,177 |  |  | 1,326 |
Control Systems & Software | 623 |  |  | 687 |  |  | 127 |  |  | 151 |  |  | 1,229 |  |  | 1,362 |  |  | 234 |  |  | 300 |
Test & Measurement | — |  |  | 367 |  |  | — |  |  | (79) |  |  | — |  |  | 749 |  |  | — |  |  | (157) |
AspenTech | 230 |  |  | 278 |  |  | (54) |  |  | (8) |  |  | 473 |  |  | 535 |  |  | (87) |  |  | (43) |
Software and Control | 853 |  |  | 1,332 |  |  | 73 |  |  | 64 |  |  | 1,702 |  |  | 2,646 |  |  | 147 |  |  | 100 |
Stock compensation |  |  |  |  | (40) |  |  | (73) |  |  |  |  |  |  | (142) |  |  | (147) |
Unallocated pension and postretirement costs |  |  |  |  | 46 |  |  | 38 |  |  |  |  |  |  | 91 |  |  | 69 |
Corporate and other |  |  |  |  | (47) |  |  | (103) |  |  |  |  |  |  | (111) |  |  | (502) |
Loss on Copeland equity method investment |  |  |  |  | — |  |  | (59) |  |  |  |  |  |  | — |  |  | (95) |
Gain on subordinated interest |  |  |  |  | — |  |  | 79 |  |  |  |  |  |  | — |  |  | 79 |
Eliminations/Interest | (21) |  |  | (17) |  |  | (53) |  |  | (57) |  |  | (36) |  |  | (36) |  |  | (101) |  |  | (101) |
Interest income from related party |  |  |  |  | — |  |  | 31 |  |  |  |  |  |  | — |  |  | 62 |
Total | $ | 3,756 |  |  | 4,376 |  |  | 639 |  |  | 652 |  |  | 7,129 |  |  | 8,493 |  |  | 1,061 |  |  | 791 |
Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below:
| Three Months Ended March 31, |  | Six Months Ended March 31,
|  | 2023 |  |  | 2024 |  |  |  | 2023 |  |  | 2024 |
Final Control |  | $ | 45 |  |  | 39 |  |  |  | 90 |  |  | 79 |
Measurement & Analytical |  | 28 |  |  | 33 |  |  |  | 58 |  |  | 73 |
Discrete Automation |  | 22 |  |  | 21 |  |  |  | 43 |  |  | 43 |
Safety & Productivity |  | 15 |  |  | 15 |  |  |  | 29 |  |  | 29 |
Intelligent Devices |  | 110 |  |  | 108 |  |  |  | 220 |  |  | 224 |
Control Systems & Software |  | 24 |  |  | 28 |  |  |  | 45 |  |  | 49 |
Test & Measurement |  | — |  |  | 153 |  |  |  | — |  |  | 304 |
AspenTech |  | 123 |  |  | 124 |  |  |  | 246 |  |  | 247 |
Software and Control |  | 147 |  |  | 305 |  |  |  | 291 |  |  | 600 |
Corporate and other |  | 6 |  |  | 11 |  |  |  | 12 |  |  | 22 |
Total |  | $ | 263 |  |  | 424 |  |  |  | 523 |  |  | 846 |
Schedule of Financial Information By Geographic Area | Sales by geographic destination, Americas, Asia, Middle East & Africa ("AMEA") and Europe, are summarized below:
| Three Months Ended March 31, |  | Three Months Ended March 31, |
| 2023 |  | 2024 |
|  | Americas |  | AMEA |  | Europe |  | Total |  | Americas |  | AMEA |  | Europe |  | Total |
Final Control |  | $ | 494 |  |  | 362 |  |  | 136 |  |  | 992 |  |  | 513 |  |  | 404 |  |  | 134 |  |  | 1,051 |  |
Measurement & Analytical |  | 455 |  |  | 304 |  |  | 129 |  |  | 888 |  |  | 512 |  |  | 334 |  |  | 167 |  |  | 1,013 |  |
Discrete Automation |  | 311 |  |  | 184 |  |  | 188 |  |  | 683 |  |  | 294 |  |  | 161 |  |  | 177 |  |  | 632 |  |
Safety & Productivity |  | 272 |  |  | 16 |  |  | 73 |  |  | 361 |  |  | 269 |  |  | 19 |  |  | 77 |  |  | 365 |  |
Intelligent Devices |  | 1,532 |  |  | 866 |  |  | 526 |  |  | 2,924 |  |  | 1,588 |  |  | 918 |  |  | 555 |  |  | 3,061 |  |
Control Systems & Software |  | 314 |  |  | 186 |  |  | 123 |  |  | 623 |  |  | 321 |  |  | 217 |  |  | 149 |  |  | 687 |  |
Test & Measurement |  | — |  |  | — |  |  | — |  |  | — |  |  | 162 |  |  | 98 |  |  | 107 |  |  | 367 |  |
AspenTech |  | 114 |  |  | 61 |  |  | 55 |  |  | 230 |  |  | 121 |  |  | 73 |  |  | 84 |  |  | 278 |  |
Software and Control |  | 428 |  |  | 247 |  |  | 178 |  |  | 853 |  |  | 604 |  |  | 388 |  |  | 340 |  |  | 1,332 |  |
Total |  | $ | 1,960 |  |  | 1,113 |  |  | 704 |  |  | 3,777 |  |  | 2,192 |  |  | 1,306 |  |  | 895 |  |  | 4,393 |  |
| Six Months Ended March 31, |  | Six Months Ended March 31, |
| 2023 |  | 2024 |
|  | Americas |  | AMEA |  | Europe |  | Total |  | Americas |  | AMEA |  | Europe |  | Total |
Final Control |  | $ | 940 |  |  | 670 |  |  | 244 |  |  | 1,854 |  |  | 967 |  |  | 774 |  |  | 250 |  |  | 1,991 |  |
Measurement & Analytical |  | 851 |  |  | 550 |  |  | 236 |  |  | 1,637 |  |  | 987 |  |  | 659 |  |  | 314 |  |  | 1,960 |  |
Discrete Automation |  | 602 |  |  | 359 |  |  | 340 |  |  | 1,301 |  |  | 580 |  |  | 323 |  |  | 342 |  |  | 1,245 |  |
Safety & Productivity |  | 508 |  |  | 33 |  |  | 130 |  |  | 671 |  |  | 512 |  |  | 35 |  |  | 140 |  |  | 687 |  |
Intelligent Devices |  | 2,901 |  |  | 1,612 |  |  | 950 |  |  | 5,463 |  |  | 3,046 |  |  | 1,791 |  |  | 1,046 |  |  | 5,883 |  |
Control Systems & Software |  | 608 |  |  | 371 |  |  | 250 |  |  | 1,229 |  |  | 646 |  |  | 426 |  |  | 290 |  |  | 1,362 |  |
Test & Measurement |  | — |  |  | — |  |  | — |  |  | — |  |  | 326 |  |  | 197 |  |  | 226 |  |  | 749 |  |
AspenTech |  | 226 |  |  | 124 |  |  | 123 |  |  | 473 |  |  | 261 |  |  | 133 |  |  | 141 |  |  | 535 |  |
Software and Control |  | 834 |  |  | 495 |  |  | 373 |  |  | 1,702 |  |  | 1,233 |  |  | 756 |  |  | 657 |  |  | 2,646 |  |
Corporate and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | 3,735 |  |  | 2,107 |  |  | 1,323 |  |  | 7,165 |  |  | 4,279 |  |  | 2,547 |  |  | 1,703 |  |  | 8,529 |  |

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