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BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Dec. 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 December 31, |  |
| Sales |  | Earnings (Loss) |  |  |  |
| 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  |  |  |  |  |  |  |
Final Control | $ | 940 |  |  | 976 |  |  | 194 |  |  | 236 |  |  |  |  |  |  |  |  |
Measurement & Analytical | 947 |  |  | 975 |  |  | 235 |  |  | 285 |  |  |  |  |  |  |  |  |
Discrete Automation | 613 |  |  | 580 |  |  | 97 |  |  | 98 |  |  |  |  |  |  |  |  |
Safety & Productivity | 322 |  |  | 312 |  |  | 68 |  |  | 67 |  |  |  |  |  |  |  |  |
Intelligent Devices | 2,822 |  |  | 2,843 |  |  | 594 |  |  | 686 |  |  |  |  |  |  |  |  |
Control Systems & Software | 675 |  |  | 690 |  |  | 149 |  |  | 193 |  |  |  |  |  |  |  |  |
Test & Measurement | 382 |  |  | 359 |  |  | (78) |  |  | (13) |  |  |  |  |  |  |  |  |
AspenTech | 257 |  |  | 303 |  |  | (35) |  |  | 15 |  |  |  |  |  |  |  |  |
Software and Control | 1,314 |  |  | 1,352 |  |  | 36 |  |  | 195 |  |  |  |  |  |  |  |  |
Stock compensation |  |  |  |  | (74) |  |  | (68) |  |  |  |  |  |  |  |  |
Unallocated pension and postretirement costs |  |  |  |  | 31 |  |  | 27 |  |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  | (399) |  |  | (57) |  |  |  |  |  |  |  |  |
Eliminations/Interest | (19) |  |  | (20) |  |  | (44) |  |  | (8) |  |  |  |  |  |  |  |  |
Interest income from related party |  |  |  |  | 31 |  |  | — |  |  |  |  |  |  |  |  |
Total | $ | 4,117 |  |  | 4,175 |  |  | 175 |  |  | 775 |  |  |  |  |  |  |  |  |
Stock compensation for the three months ended December 31, 2023 included $30 of integration-related stock compensation expense attributable to NI ($26 of which was reported as restructuring costs). Corporate and other for the three months ended December 31, 2024 included acquisition/divestiture fees and related costs of $22 compared to $130 in 2023, while 2023 also included acquisition-related inventory step-up amortization of $231. Depreciation and amortization (includes intellectual property, customer relationships and capitalized software) by business segment are summarized below:
| Three Months Ended December 31, |  |
|  | 2023 |  |  | 2024 |  |  |  |  |  |
Final Control |  | $ | 40 |  |  | 40 |  |  |  |  |  |
Measurement & Analytical |  | 40 |  |  | 31 |  |  |  |  |  |
Discrete Automation |  | 22 |  |  | 21 |  |  |  |  |  |
Safety & Productivity |  | 14 |  |  | 15 |  |  |  |  |  |
Intelligent Devices |  | 116 |  |  | 107 |  |  |  |  |  |
Control Systems & Software |  | 21 |  |  | 23 |  |  |  |  |  |
Test & Measurement |  | 151 |  |  | 118 |  |  |  |  |  |
AspenTech |  | 123 |  |  | 124 |  |  |  |  |  |
Software and Control |  | 295 |  |  | 265 |  |  |  |  |  |
Corporate and other |  | 11 |  |  | 11 |  |  |  |  |  |
Total |  | $ | 422 |  |  | 383 |  |  |  |  |  |
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 December 31, |  | Three Months Ended December 31,
| 2023 |  | 2024
|  | Americas |  | AMEA |  | Europe |  | Total |  | Americas |  | AMEA |  | Europe |  | Total
Final Control |  | $ | 454 |  |  | 370 |  |  | 116 |  |  | 940 |  |  | 476 |  |  | 389 |  |  | 111 |  |  | 976 |
Measurement & Analytical |  | 475 |  |  | 325 |  |  | 147 |  |  | 947 |  |  | 488 |  |  | 338 |  |  | 149 |  |  | 975 |
Discrete Automation |  | 286 |  |  | 162 |  |  | 165 |  |  | 613 |  |  | 279 |  |  | 150 |  |  | 151 |  |  | 580 |
Safety & Productivity |  | 243 |  |  | 16 |  |  | 63 |  |  | 322 |  |  | 240 |  |  | 15 |  |  | 57 |  |  | 312 |
Intelligent Devices |  | 1,458 |  |  | 873 |  |  | 491 |  |  | 2,822 |  |  | 1,483 |  |  | 892 |  |  | 468 |  |  | 2,843 |
Control Systems & Software |  | 325 |  |  | 209 |  |  | 141 |  |  | 675 |  |  | 323 |  |  | 222 |  |  | 145 |  |  | 690 |
Test & Measurement |  | 164 |  |  | 99 |  |  | 119 |  |  | 382 |  |  | 175 |  |  | 93 |  |  | 91 |  |  | 359 |
AspenTech |  | 140 |  |  | 60 |  |  | 57 |  |  | 257 |  |  | 163 |  |  | 68 |  |  | 72 |  |  | 303 |
Software and Control |  | 629 |  |  | 368 |  |  | 317 |  |  | 1,314 |  |  | 661 |  |  | 383 |  |  | 308 |  |  | 1,352 |
Total |  | $ | 2,087 |  |  | 1,241 |  |  | 808 |  |  | 4,136 |  |  | 2,144 |  |  | 1,275 |  |  | 776 |  |  | 4,195 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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