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Pay vs Performance Disclosure
 12 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
 
P
AY
V
ERSUS
P
ERFORMANCE
D
ISCLOSURE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive compensation actually paid, as defined by the SEC’s regulations (“CAP”), and certain financial performance of the Company. The following table shows the past three fiscal years’ total compensation for our Chief Executive Officer (“PEO”) and our other named executive officers (“NEOs”) as set forth in the Summary Compensation Table (“SCT”) for each year, the CAP to our NEOs, our total shareholder return (“TSR”), the combined TSR of our selected peer group for this purpose, which is the Standard & Poor’s (“S&P”) 500 Industrials Index, our net income, and our EBIT Growth. For further information concerning our variable pay for performance philosophy and how we align executive compensation with our performance, refer to “Executive Compensation-Compensation Discussion and Analysis.”
 
                   
Value of Initial Fixed $100
Investment Based On:
        
Year
(a)
  
Summary
Compensation
Table Total for
PEO ($)
(b)
  
Compensation
Actually Paid
to PEO ($)
(c)
  
Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
(d)
  
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)
(e)
  
Company
TSR ($)
(f)
  
S&P 500
Industrials
TSR ($)
(g)
  
Net Income
($ in millions)
(h)
  
EBIT 
Growth 
(%) 
(i) 
2023
    
 
15,882,646
    
 
16,020,622
    
 
5,528,433
    
 
5,131,714
    
 
139
    
 
131
    
 
1,849
    
 
16.9 
2022
    
 
15,687,202
    
 
(1,001,706
)
    
 
4,696,459
    
 
357,693
    
 
126
    
 
108
    
 
1,532
    
 
11.4 
2021
    
 
16,170,188
    
 
54,159,692
    
 
3,857,898
    
 
10,886,010
    
 
170
    
 
129
    
 
1,637
    
 
11.6 
 
(a)
 
This table includes three fiscal years (2021, 2022, and 2023) rather than five because this is a transition year for the new regulation.
 
(b)
 
The PEO is Mr. Olivier for all fiscal years shown.
 
(c)
 
CAP to Mr. Oliver reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below. The assumptions used to calculate the fair values did not differ materially from the assumptions used to calculate the fair values as of the grant dates. Dividends and dividend equivalents credited with respect to stock awards in each fiscal year prior to the vesting date were included in the fair value of the awards at the end of the fiscal year or as of the vesting date, as applicable.
 
   
Year
  
CEO
  
2021
    
2022
    
2023
  
SCT Total Compensation ($)
  
 
16,170,188
 
  
 
15,687,202
 
  
 
15,882,646
 
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
10,003,112
 
  
 
11,757,722
 
  
 
12,051,566
 
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)
  
 
21,031,885
 
  
 
7,172,702
 
  
 
9,802,917
 
Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
  
 
19,124,503
 
  
 
(8,661,335
) 
  
 
370,707
 
Plus: Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)
  
 
—
 
  
 
—
 
  
 
—
 
Plus: Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
7,836,229
 
  
 
(3,442,554
) 
  
 
2,015,918
 
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  
 
—
 
  
 
—
 
  
 
—
 
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Compensation Actually Paid ($)
  
 
54,159,692
 
  
 
(1,001,706
) 
  
 
16,020,622
 
 
(d)
 
The following NEO’s are included in the average figures shown:
 
  
2021: Messrs. Olivier Leonetti, John Donofrio, Ganesh Ramaswamy, Jeffrey Williams, Brian Stief
 
  
2022: Messrs. Olivier Leonetti, Rodney Clark, John Donofrio, Ganesh Ramaswamy, Jeffrey Williams
 
  
2023: Messrs. Olivier Leonetti, Rodney Clark and Mses. Lei Schlitz, Julie Brandt
 
 
(e)
 
CAP to our
non-PEO
NEOs reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below. The assumptions used to calculate the fair values did not differ materially from the assumptions used to calculate the fair values as of the grant dates. Dividends and dividend equivalents credited with respect to stock awards in each fiscal year prior to the vesting date were included in the fair value of the awards at the end of the fiscal year or as of the vesting date, as applicable.
 
   
Year
  
   
2021
    
2022
    
2023
  
Non-PEO NEOs
  
See footnote (d) above
  
Average SCT Total Compensation ($)
  
 
3,857,898
 
  
 
4,696,459
 
  
 
5,528,433
 
Less: Average Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
2,049,847
 
  
 
2,879,869
 
  
 
3,984,233
 
Plus: Average Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)
  
 
4,481,168
 
  
 
1,740,956
 
  
 
3,342,165
 
Plus: Average Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
  
 
3,553,840
 
  
 
(1,537,416
) 
  
 
89,008
 
Plus: Average Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)
  
 
—
 
  
 
49,286
 
  
 
—
 
Plus: Average Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
1,400,981
 
  
 
(909,763
) 
  
 
156,341
 
Less: Average Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  
 
358,030
 
  
 
801,958
 
  
 
—
 
Less: Average Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Plus: Average Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Average Compensation Actually Paid ($)
  
 
10,886,010
 
  
 
357,693
 
  
 
5,131,714
 
 
(f)
 
Represents our cumulative total shareholder return (“TSR”) calculated from September 30, 2020 for the measurement periods ending on September 30 of each of 2021, 2022 and 2023, respectively.
 
(g)
 
Represents the cumulative TSR of the S&P 500 Industrials Index calculated from September 30, 2020 for the measurement periods ending on September 30 of each of 2021, 2022 and 2023, respectively.
 
(h)
 
Reflects “Net Income” in the Company’s audited financial statements included in the Company’s Annual Reports on Form
10-K
for each of the fiscal years ended September 30, 2021, 2022 and 2023.
 
(i)
 
Company-selected measure is EBIT Growth. The definition and methodology used to calculate EBIT Growth are found in the CD&A on page 58.
   
Company Selected Measure Name EBIT Growth    
Named Executive Officers, Footnote
(d)
 
The following NEO’s are included in the average figures shown:
 
  
2021: Messrs. Olivier Leonetti, John Donofrio, Ganesh Ramaswamy, Jeffrey Williams, Brian Stief
 
  
2022: Messrs. Olivier Leonetti, Rodney Clark, John Donofrio, Ganesh Ramaswamy, Jeffrey Williams
 
  
2023: Messrs. Olivier Leonetti, Rodney Clark and Mses. Lei Schlitz, Julie Brandt
   
Peer Group Issuers, Footnote Represents the cumulative TSR of the S&P 500 Industrials Index calculated from September 30, 2020 for the measurement periods ending on September 30 of each of 2021, 2022 and 2023, respectively.    
PEO Total Compensation Amount $ 15,882,646 $ 15,687,202 $ 16,170,188
PEO Actually Paid Compensation Amount $ 16,020,622 (1,001,706) 54,159,692
Adjustment To PEO Compensation, Footnote
(c)
 
CAP to Mr. Oliver reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below. The assumptions used to calculate the fair values did not differ materially from the assumptions used to calculate the fair values as of the grant dates. Dividends and dividend equivalents credited with respect to stock awards in each fiscal year prior to the vesting date were included in the fair value of the awards at the end of the fiscal year or as of the vesting date, as applicable.
 
   
Year
  
CEO
  
2021
    
2022
    
2023
  
SCT Total Compensation ($)
  
 
16,170,188
 
  
 
15,687,202
 
  
 
15,882,646
 
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
10,003,112
 
  
 
11,757,722
 
  
 
12,051,566
 
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)
  
 
21,031,885
 
  
 
7,172,702
 
  
 
9,802,917
 
Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
  
 
19,124,503
 
  
 
(8,661,335
) 
  
 
370,707
 
Plus: Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)
  
 
—
 
  
 
—
 
  
 
—
 
Plus: Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
7,836,229
 
  
 
(3,442,554
) 
  
 
2,015,918
 
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  
 
—
 
  
 
—
 
  
 
—
 
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Compensation Actually Paid ($)
  
 
54,159,692
 
  
 
(1,001,706
) 
  
 
16,020,622
 
    
Non-PEO NEO Average Total Compensation Amount $ 5,528,433 4,696,459 3,857,898
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,131,714 357,693 10,886,010
Adjustment to Non-PEO NEO Compensation Footnote
(e)
 
CAP to our
non-PEO
NEOs reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below. The assumptions used to calculate the fair values did not differ materially from the assumptions used to calculate the fair values as of the grant dates. Dividends and dividend equivalents credited with respect to stock awards in each fiscal year prior to the vesting date were included in the fair value of the awards at the end of the fiscal year or as of the vesting date, as applicable.
 
   
Year
  
   
2021
    
2022
    
2023
  
Non-PEO NEOs
  
See footnote (d) above
  
Average SCT Total Compensation ($)
  
 
3,857,898
 
  
 
4,696,459
 
  
 
5,528,433
 
Less: Average Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
2,049,847
 
  
 
2,879,869
 
  
 
3,984,233
 
Plus: Average Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)
  
 
4,481,168
 
  
 
1,740,956
 
  
 
3,342,165
 
Plus: Average Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
  
 
3,553,840
 
  
 
(1,537,416
) 
  
 
89,008
 
Plus: Average Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)
  
 
—
 
  
 
49,286
 
  
 
—
 
Plus: Average Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
1,400,981
 
  
 
(909,763
) 
  
 
156,341
 
Less: Average Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  
 
358,030
 
  
 
801,958
 
  
 
—
 
Less: Average Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Plus: Average Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
—
 
  
 
—
 
  
 
—
 
Average Compensation Actually Paid ($)
  
 
10,886,010
 
  
 
357,693
 
  
 
5,131,714
 
    
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR and Relationship between Company TSR and S&P 500 Industrials TSR
The graphs below also illustrate the relationship between our cumulative TSR and the S&P 500 Industrials Index TSR.
 
LOGO
LOGO
 
    
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
The graphs below illustrate the relationship between CAP and our Net Income
 
LOGO
LOGO
 
    
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and EBIT Growth
The graphs below illustrate the relationship between our CAP and our EBIT Growth.
 
LOGO
LOGO
 
    
Total Shareholder Return Vs Peer Group
Compensation Actually Paid and Cumulative TSR and Relationship between Company TSR and S&P 500 Industrials TSR
The graphs below also illustrate the relationship between our cumulative TSR and the S&P 500 Industrials Index TSR.
 
LOGO
LOGO
 
    
Tabular List, Table
Most Important Measures to Determine Fiscal 2023 Compensation Actually Paid
The six performance measures listed below represent the most important metrics we used to link CAP to financial performance for fiscal 2023 as further described in our CD&A.
 
 
 
Most Important Performance Measures:
 
•    EBIT Growth
 
•    Revenue Growth
 
•    Free Cash Flow Conversion
 
•    Pre-tax Earnings Growth
 
•    Recurring Revenue
 
•    Relative TSR
 
    
Total Shareholder Return Amount $ 139 126 170
Peer Group Total Shareholder Return Amount 131 108 129
Net Income (Loss) $ 1,849,000,000 $ 1,532,000,000 $ 1,637,000,000
Company Selected Measure Amount 0.169 0.114 0.116
PEO Name Mr. Olivier    
Measure:: 1      
Pay vs Performance Disclosure      
Name EBIT Growth    
Non-GAAP Measure Description Company-selected measure is EBIT Growth. The definition and methodology used to calculate EBIT Growth are found in the CD&A on page 58.    
Measure:: 2      
Pay vs Performance Disclosure      
Name Revenue Growth    
Measure:: 3      
Pay vs Performance Disclosure      
Name Free Cash Flow Conversion    
Measure:: 4      
Pay vs Performance Disclosure      
Name Pre-tax Earnings Growth    
Measure:: 5      
Pay vs Performance Disclosure      
Name Recurring Revenue    
Measure:: 6      
Pay vs Performance Disclosure      
Name Relative TSR    
PEO | Stock and Option Award Values Reported in SCT [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 12,051,566 $ 11,757,722 $ 10,003,112
PEO | Fair Value for Stock and Option Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 9,802,917 7,172,702 21,031,885
PEO | Change in Fair Value of Outstanding Unvested Stock and Option Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 370,707 (8,661,335) 19,124,503
PEO | Fair Value as of Vesting Date for Awards Granted [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value of Stock and Option Awards from Prior years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,015,918 (3,442,554) 7,836,229
PEO | Fair Value of Stock and Option Awards Forfeited during the Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Actuarial Present Value of Accumulated Benefit [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Average Aggregate Service Cost and Prior Service Cost for Pension Plans [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Stock and Option Award Values Reported in SCT [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,984,233 2,879,869 2,049,847
Non-PEO NEO | Fair Value for Stock and Option Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,342,165 1,740,956 4,481,168
Non-PEO NEO | Change in Fair Value of Outstanding Unvested Stock and Option Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 89,008 (1,537,416) 3,553,840
Non-PEO NEO | Fair Value as of Vesting Date for Awards Granted [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 49,286 0
Non-PEO NEO | Change in Fair Value of Stock and Option Awards from Prior years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 156,341 (909,763) 1,400,981
Non-PEO NEO | Fair Value of Stock and Option Awards Forfeited during the Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 801,958 358,030
Non-PEO NEO | Change in Actuarial Present Value of Accumulated Benefit [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Average Aggregate Service Cost and Prior Service Cost for Pension Plans [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0