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Segment Information | 12 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION On April 1, 2025, the Company, as part of ongoing initiatives to drive simplification, accelerate growth, better reflect its organizational and operational structure and align with the manner in which the Company's chief operating decision maker ("CODM") assesses performance and makes decisions regarding the allocation of resources following portfolio simplification actions, realigned into three reportable segments (Americas, EMEA and APAC). The Company conducts its business through three operating segments, all of which are reportable segments: •Americas, which designs, manufactures, sells, installs and services HVAC, controls, building management, refrigeration, integrated electronic security systems, integrated fire detection and suppression systems, and digital (software) solutions for commercial, industrial, data center, institutional and governmental customers in the Americas (United States, Canada, and Latin America – Central and South America). Americas also provides energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven "smart building" solutions, to the Americas marketplace. •EMEA, which designs, manufactures sells, installs and services HVAC, controls, building management, refrigeration, integrated electronic security systems, integrated fire detection and suppression systems, and digital (software) solutions for commercial, residential security (Subscriber business), industrial, data center, institutional, governmental, and marine customers and provides technical services, including data-driven “smart building” solutions, to markets in Europe, the Middle East and Africa. •APAC, which designs, manufactures, sells, installs, and services HVAC, controls, building management, refrigeration, integrated electronic security systems, integrated fire detection and suppression systems, and digital (software) solutions for commercial, industrial, data center, institutional, and governmental customers and provides technical services, including data-driven “smart building” solutions, to the Asian and Pacific marketplaces. The Chief Executive Officer, the Company’s CODM, evaluates the performance of its segments and allocates resources based on two profitability measures, Segment EBITA and Segment EBIT: •Segment earnings before interest, taxes, and amortization (“EBITA”) represents income from continuing operations, before income taxes and noncontrolling interests, excluding corporate expenses, restructuring and impairment costs, AFFF related settlement costs and insurance recoveries, gains or losses on divestitures, net mark-to-market gains and losses related to pension and post-retirement plans and restricted asbestos investments, net finance charges, and amortization. Segment EBITA is used as a tool to allow the CODM to evaluate the recurring profitability of the segments, including revenues and expenses that are within the operational control of the segments, and excluding the impact of certain non-cash and non-recurring items. Segment EBITA also provides the CODM with performance comparability across periods and for more accurate benchmarking against peer companies that may not have similar historical acquisition activity, by holding constant the impact of significant acquisitions. •Segment earnings before interest and taxes ("EBIT") represents Segment EBITA, adding back the impact of amortization of intangible assets. Segment EBIT allows the CODM to review profitability, inclusive of the impact of significant acquisition activity, informing the CODM of how the business is integrating key strategic initiatives and generating synergies. Both EBITA and EBIT are reviewed by the CODM and compared against the profit plan and forecast for the current and prior year. Segment EBITA and Segment EBIT are not defined under GAAP and may not be comparable to similarly titled measures used by other companies. Measures of total assets by reportable segment are not provided to the CODM. Therefore, asset information by segment is not disclosed. Financial information relating to the Company’s reportable segments is as follows (in millions):
| Year Ended September 30, 2025
| Americas |  | EMEA |  | APAC
Net sales | $ | 15,831 |  |  | $ | 4,968 |  |  | $ | 2,797 |
Cost of sales | 9,742 |  | 3,228 |  | 1,777
Selling, general and administrative expenses | 3,206 |  | 1,094 |  | 548
Equity income (loss) | 1 |  | (3) |  |  | (4) |
Segment EBITA | 2,882 |  | 649 |  | 476
Amortization of intangible assets | 356 |  |  | 68 |  |  | 15 |
Segment EBIT | $ | 2,526 |  |  | $ | 581 |  |  | $ | 461 |
| Year Ended September 30, 2024
| Americas |  | EMEA |  | APAC
Net sales | $ | 15,606 |  |  | $ | 4,620 |  |  | $ | 2,726 |
Cost of sales | 9,922 |  |  | 3,024 |  |  | 1,692 |
Selling, general and administrative expenses | 3,003 |  |  | 996 |  |  | 558 |
Equity income (loss) | 2 |  |  | 39 |  |  | (2) |
Segment EBITA | 2,679 |  |  | 561 |  |  | 478 |
Amortization of intangible assets | 379 |  |  | 80 |  |  | 17 |
Segment EBIT | $ | 2,300 |  |  | $ | 481 |  |  | $ | 461 |
| Year Ended September 30, 2023
| Americas |  | EMEA |  | APAC
Net sales | $ | 14,529 |  |  | $ | 4,491 |  |  | $ | 3,311 |
Cost of sales | 9,241 |  |  | 3,035 |  |  | 2,102 |
Selling, general and administrative expenses | 2,945 |  |  | 1,039 |  |  | 602 |
Equity income (loss) | — |  |  | (1) |  |  | (2) |
Segment EBITA | 2,343 |  |  | 418 |  |  | 609 |
Amortization of intangible assets | 337 |  |  | 74 |  |  | 15 |
Segment EBIT | $ | 2,006 |  |  | $ | 344 |  |  | $ | 594 |
A reconciliation of segment EBIT and segment EBITA to consolidated income before income taxes is as follows (in millions):
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
Segment EBITA | $ | 4,007 |  |  | $ | 3,718 |  |  | $ | 3,370 |
Amortization of intangible assets | 439 |  |  | 476 |  |  | 426 |
Segment EBIT | 3,568 |  |  | 3,242 |  |  | 2,944 |
Corporate expenses | 767 |  |  | 490 |  |  | 429 |
Restructuring and impairment costs | 546 |  |  | 510 |  |  | 1,049 |
Water systems AFFF settlement (1) | — |  |  | 750 |  |  | — |
Water systems AFFF insurance recoveries (1) | (39) |  |  | (367) |  |  | — |
Net financing charges | 319 |  |  | 342 |  |  | 258 |
Loss on divestiture | — |  |  | 42 |  |  | — |
Net mark-to-market adjustments | 6 |  |  | (47) |  |  | 95 |
Income from continuing operations before income taxes | $ | 1,969 |  |  | $ | 1,522 |  |  | $ | 1,113 |
(1)Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements for further disclosure related to the water systems AFFF settlement and insurance recoveries.
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
Depreciation/Amortization |  |  |  |  |
Americas | $ | 490 |  |  | $ | 528 |  |  | $ | 528 |
EMEA | 115 |  |  | 132 |  |  | 129 |
APAC | 36 |  |  | 37 |  |  | 43 |
| 641 |  |  | 697 |  |  | 700 |
Corporate | 224 |  |  | 119 |  |  | 45 |
Total | $ | 865 |  |  | $ | 816 |  |  | $ | 745 |
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
Capital Expenditures |  |  |  |  |
Americas | $ | 151 |  |  | $ | 190 |  |  | $ | 197 |
EMEA | 16 |  |  | 34 |  |  | 51 |
APAC | 109 |  |  | 102 |  |  | 148 |
| 276 |  |  | 326 |  |  | 396 |
Corporate | 158 |  |  | 168 |  |  | 50 |
Total | $ | 434 |  |  | $ | 494 |  |  | $ | 446 |
In fiscal 2025, 2024 and 2023, no customer exceeded 10% of consolidated net sales. Geographic Areas Financial information relating to the Company’s operations by geographic area is as follows (in millions):
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
Net Sales |  |  |  |  |
United States | $ | 13,303 |  |  | $ | 13,171 |  |  | $ | 12,408 |
Other Non-United States | 10,293 |  |  | 9,781 |  |  | 9,923 |
Total | $ | 23,596 |  |  | $ | 22,952 |  |  | $ | 22,331 |
Long-Lived Assets (Year-end) |  |  |  |  |
United States | $ | 1,108 |  |  | $ | 1,137 |  |  | $ | 1,277 |
Other Non-United States | 1,085 |  |  | 1,266 |  |  | 1,097 |
Total | $ | 2,193 |  |  | $ | 2,403 |  |  | $ | 2,374 |
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.

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- Definition The entire disclosure for reporting segments including data and tables. 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