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ACQUISITIONS AND DIVESTITURES (Tables) | 9 Months Ended
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Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Purchase Price Consideration | 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 Recognized Identified Assets Acquired and Liabilities Assumed | The total purchase consideration for NI was allocated to assets and liabilities as follows. Valuations of acquired assets and liabilities are in-process and subject to refinement.
Cash and equivalents |  | $ | 135 |
Receivables |  | 310 |
Inventory |  | 496 |
Other current assets |  | 140 |
Property, plant and equipment |  | 329 |
Goodwill ($121 expected to be tax-deductible) |  | 3,434 |
Other intangible assets |  | 5,275 |
Other assets |  | 113 |
Total assets |  | 10,232 |
Accounts payable |  | 52 |
Accrued expenses |  | 328 |
Deferred taxes and other liabilities |  | 1,199 |
Total purchase consideration |  | $ | 8,653 |
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 |  |  |
Schedule of Business Acquisition Pro Forma Information | The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of NI occurred on October 1, 2022. 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).
|  | Three Months Ended June 30, |  | Nine Months Ended June 30, |  |  |
|  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  |  |
Net Sales |  | $ | 4,363 |  |  | 4,380 |  |  | 12,377 |  |  | 12,892 |  |  |  |
Net earnings from continuing operations common stockholders |  | $ | 581 |  |  | 374 |  |  | 887 |  |  | 1,396 |  |  |  |
Diluted earnings per share from continuing operations |  | $ | 1.00 |  |  | 0.65 |  |  | 1.53 |  |  | 2.43 |  |  |  |

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