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Segment Information | 3 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information | SEGMENT INFORMATION The Company conducts its business through four operating segments, all of which are reportable 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 corporate expenses, amortization of intangible assets, restructuring and impairment costs, the water systems AFFF settlement costs and insurance recoveries, net mark-to-market gains and losses related to pension and postretirement plans and restricted asbestos investments, and net financing charges. Financial information relating to the Company’s reportable segments is as follows (in millions):
| Net Sales
| Three Months Ended December 31, |  |
| 2024 |  | 2023 |  |  |  |
Building Solutions North America | $ | 2,744 |  |  | $ | 2,487 |  |  |  |  |
Building Solutions EMEA/LA | 1,073 |  |  | 1,038 |  |  |  |  |
Building Solutions Asia Pacific | 527 |  |  | 507 |  |  |  |  |
Global Products | 1,082 |  |  | 1,177 |  |  |  |  |
Total net sales | $ | 5,426 |  |  | $ | 5,209 |  |  |  |  |
| Segment EBITA
| Three Months Ended December 31, |  |
| 2024 |  | 2023 |  |  |  |
Building Solutions North America | $ | 332 |  |  | $ | 285 |  |  |  |  |
Building Solutions EMEA/LA | 108 |  |  | 80 |  |  |  |  |
Building Solutions Asia Pacific | 49 |  |  | 46 |  |  |  |  |
Global Products | 326 |  |  | 267 |  |  |  |  |
Total segment EBITA | 815 |  |  | 678 |  |  |  |  |
Corporate expenses | 171 |  |  | 139 |  |  |  |  |
Amortization of intangible assets | 120 |  |  | 119 |  |  |  |  |
Restructuring and impairment costs | 33 |  |  | 35 |  |  |  |  |
Water systems AFFF insurance recoveries (1) | (4) |  |  | — |  |  |  |  |
Net mark-to-market losses (gains) | 1 |  |  | (22) |  |  |  |  |
Net financing charges | 86 |  |  | 87 |  |  |  |  |
Income before income taxes | $ | 408 |  |  | $ | 320 |  |  |  |  |
(1) Refer to Note 18, "Commitments and Contingencies," of the notes to the consolidated financial statements for further disclosure related to the water systems AFFF settlement.

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