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Segment Information
 12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
ASC 280, "Segment Reporting," establishes the standards for reporting information about segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it has four reportable segments for financial reporting purposes.

The Company conducts its business through four business segments:

•Building Solutions North America which operates in the United States and Canada;
•Building Solutions EMEA/LA which operates in Europe, the Middle East, Africa and Latin America;
•Building Solutions Asia Pacific which operates in Asia Pacific; and
•Global Products which operates worldwide.

The Building Solutions segments:

•Design, sell, install and service HVAC, controls, building management, refrigeration, integrated electronic security and integrated fire-detection and suppression systems; and
•Provide energy-efficiency solutions and technical services, including data-driven "smart building" solutions as well as inspection, scheduled maintenance, and repair and replacement of mechanical and controls systems.

The Global Products segment designs, manufactures and sells:

•HVAC equipment, controls software and software services;
•Refrigeration equipment and controls;
•Fire protection and suppression; and
•Security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems.

The Company’s segments provide products and services primarily to commercial, institutional, industrial, data center, and governmental customers.

Management evaluates the performance of its segments primarily on segment earnings before interest, taxes and amortization ("EBITA"), which represents income from continuing operations before income taxes and noncontrolling interests, excluding amortization of intangible assets, corporate expenses, restructuring and impairment costs, the water systems AFFF settlement costs and AFFF insurance recoveries, net financing charges, loss on divestiture and net mark-to-market gains and losses related to pension and postretirement plans and restricted asbestos investments.

Financial information relating to the Company’s reportable segments is as follows (in millions):
 Year Ended September 30,
 202420232022
Net Sales
Building Solutions North America$11,348 $10,330 $9,367 
Building Solutions EMEA/LA4,296 4,096 3,845 
Building Solutions Asia Pacific2,237 2,746 2,714 
Global Products5,071 5,159 4,711 
Total net sales$22,952 $22,331 $20,637 

 Year Ended September 30,
 202420232022
Segment EBITA
Building Solutions North America$1,663 $1,394 $1,122 
Building Solutions EMEA/LA (1)
391 316 358 
Building Solutions Asia Pacific261 343 332 
Global Products1,403 1,317 970 
Total segment EBITA3,718 3,370 2,782 
Amortization of intangible assets476 426 413 
Corporate expenses490 429 369 
Restructuring and impairment costs510 1,049 701 
Water systems AFFF settlement (2)
750 — — 
AFFF insurance recoveries (2)
(367)— — 
Net financing charges342 258 205 
Loss on divestiture42 — — 
Net mark-to-market (gain) loss(47)95 (18)
Income from continuing operations before income taxes$1,522 $1,113 $1,112 

(1)EBITA for the Building Solutions EMEA/LA segment includes equity income (loss) of $(39) million, $1 million and $6 million for the years ended September 30, 2024, 2023 and 2022, respectively.

(2)Refer to Note 21, "Commitments and Contingencies," of the notes to the consolidated financial statements for further disclosure related to the water systems AFFF settlement and insurance recoveries.
 September 30,
 202420232022
Assets
Building Solutions North America$16,159 $15,603 $15,226 
Building Solutions EMEA/LA(1)
5,072 5,202 4,991 
Building Solutions Asia Pacific2,571 2,645 2,474 
Global Products10,011 10,844 10,620 
33,813 34,294 33,311 
Assets held for sale4,805 4,657 4,700 
Unallocated4,077 3,291 4,147 
Total$42,695 $42,242 $42,158 
(1)Assets for the Building Solutions EMEA/LA segment includes investments in partially-owned affiliates of $57 million, $130 million and $115 million, as of September 30, 2024, 2023 and 2022, respectively.
 Year Ended September 30,
 202420232022
Depreciation/Amortization
Building Solutions North America$248 $225 $213 
Building Solutions EMEA/LA105 101 96 
Building Solutions Asia Pacific19 23 21 
Global Products325 351 348 
697 700 678 
Corporate119 45 39 
Total$816 $745 $717 
 
 Year Ended September 30,
 202420232022
Capital Expenditures
Building Solutions North America$53 $104 $141 
Building Solutions EMEA/LA105 119 119 
Building Solutions Asia Pacific15 33 22 
Global Products153 140 152 
326 396 434 
Corporate168 50 53 
Total$494 $446 $487 
 

In fiscal 2024, 2023 and 2022, no customer exceeded 10% of consolidated net sales.
Geographic Segments

Financial information relating to the Company’s operations by geographic area is as follows (in millions):
 Year Ended September 30,
 202420232022
Net Sales
United States$13,171 $12,408 $11,337 
Europe4,486 4,366 4,052 
Asia Pacific2,856 3,427 3,319 
Other Non-U.S.2,439 2,130 1,929 
Total$22,952 $22,331 $20,637 
Long-Lived Assets (Year-end)
United States$1,137 $1,277 $1,285 
Europe613 479 384 
Asia Pacific252 233 235 
Other Non-U.S.401 385 367 
Total$2,403 $2,374 $2,271 

Net sales attributed to geographic locations are based on the location of where the sale originated. Long-lived assets by geographic location consist of net property, plant and equipment.