XML 59 R2.htm IDEA: XBRL DOCUMENT v3.24.4
Pay vs Performance Disclosure
 12 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
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)
​
​ 2024 ​ ​ ​ ​ 15,408,987 ​ ​ ​ ​ ​ 35,125,841 ​ ​ ​ ​ ​ 5,627,181 ​ ​ ​ ​ ​ 9,530,554 ​ ​ ​ ​ ​ 208 ​ ​ ​ ​ ​ 178 ​ ​ ​ ​ ​ 1,705 ​ ​ ​ ​ ​ 8.8 ​ ​
​ 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 four fiscal years (2021, 2022, 2023, and 2024) 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
​ ​
2024
​
​ SCT Total Compensation ($) ​ ​ ​ ​ 15,408,987 ​ ​
​ Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) ​ ​ ​ ​ 11,062,626 ​ ​
​
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of
Year ($)
​ ​ ​ ​ 22,068,352 ​ ​
​
Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
​ ​ ​ ​ 6,950,976 ​ ​
​ Plus: Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($) ​ ​ ​ ​ — ​ ​
​ Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) ​ ​ ​ ​ 1,760,152 ​ ​
​ 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 ($) ​ ​ ​ ​ — ​ ​
​ Compensation Actually Paid ($) ​ ​ ​ ​ 35,125,841 ​ ​
​
(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
2024: Messrs. Marc Vandiepenbeeck, Olivier Leonetti, Nate Manning, John Donofrio and Ms. Lei Schlitz,
(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
​
​ ​ ​ ​
2024
​
​
Non-PEO NEOs
​ ​
See footnote (d) above
​
​ Average SCT Total Compensation ($) ​ ​ ​ ​ 5,627,181 ​ ​
​ Less: Average Stock and Option Award Values Reported in SCT for the Covered Year ($) ​ ​ ​ ​ 4,227,460 ​ ​
​
Plus: Average Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)
​ ​ ​ ​ 5,644,012 ​ ​
​
Plus: Average Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
​ ​ ​ ​ 1,599,534 ​ ​
​ Plus: Average Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($) ​ ​ ​ ​ — ​ ​
​
Plus: Average Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)
​ ​ ​ ​ 161,026 ​ ​
​ Less: Average Fair Value of Stock and Option Awards Forfeited during the Covered Year ($) ​ ​ ​ ​ 726,261 ​ ​
​
Less: Average Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension
Plans ($)
​ ​ ​ ​ — ​ ​
​ Plus: Average Aggregate Service Cost and Prior Service Cost for Pension Plans ($) ​ ​ ​ ​ — ​ ​
​ Average Compensation Actually Paid ($) ​ ​ ​ ​ 9,530,554 ​ ​
​
(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, 2023 and 2024, 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, 2023 and 2024, 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, 2023 and 2024.
​
(i)
Company-selected measure is EBIT Growth. The definition and methodology used to calculate EBIT Growth are found in the CD&A on page 60.
​
      
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
2024: Messrs. Marc Vandiepenbeeck, Olivier Leonetti, Nate Manning, John Donofrio and Ms. Lei Schlitz,
     
Peer Group Issuers, Footnote
(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, 2023 and 2024, respectively.
     
PEO Total Compensation Amount $ 15,408,987 $ 15,882,646 $ 15,687,202 $ 16,170,188
PEO Actually Paid Compensation Amount $ 35,125,841 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
​ ​
2024
​
​ SCT Total Compensation ($) ​ ​ ​ ​ 15,408,987 ​ ​
​ Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) ​ ​ ​ ​ 11,062,626 ​ ​
​
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of
Year ($)
​ ​ ​ ​ 22,068,352 ​ ​
​
Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
​ ​ ​ ​ 6,950,976 ​ ​
​ Plus: Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($) ​ ​ ​ ​ — ​ ​
​ Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) ​ ​ ​ ​ 1,760,152 ​ ​
​ 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 ($) ​ ​ ​ ​ — ​ ​
​ Compensation Actually Paid ($) ​ ​ ​ ​ 35,125,841 ​ ​
     
Non-PEO NEO Average Total Compensation Amount $ 5,627,181 5,528,433 4,696,459 3,857,898
Non-PEO NEO Average Compensation Actually Paid Amount $ 9,530,554 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
​
​ ​ ​ ​
2024
​
​
Non-PEO NEOs
​ ​
See footnote (d) above
​
​ Average SCT Total Compensation ($) ​ ​ ​ ​ 5,627,181 ​ ​
​ Less: Average Stock and Option Award Values Reported in SCT for the Covered Year ($) ​ ​ ​ ​ 4,227,460 ​ ​
​
Plus: Average Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)
​ ​ ​ ​ 5,644,012 ​ ​
​
Plus: Average Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years that Remain Unvested at End of Year ($)
​ ​ ​ ​ 1,599,534 ​ ​
​ Plus: Average Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($) ​ ​ ​ ​ — ​ ​
​
Plus: Average Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)
​ ​ ​ ​ 161,026 ​ ​
​ Less: Average Fair Value of Stock and Option Awards Forfeited during the Covered Year ($) ​ ​ ​ ​ 726,261 ​ ​
​
Less: Average Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension
Plans ($)
​ ​ ​ ​ — ​ ​
​ Plus: Average Aggregate Service Cost and Prior Service Cost for Pension Plans ($) ​ ​ ​ ​ — ​ ​
​ Average Compensation Actually Paid ($) ​ ​ ​ ​ 9,530,554 ​ ​
     
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_tsrpeo-pn.jpg]
[MISSING IMAGE: bc_tsrnonpeo-pn.jpg]
     
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincomepeo-pn.jpg]
[MISSING IMAGE: bc_netincomenonpeo-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_ebitpeo-pn.jpg]
[MISSING IMAGE: bc_ebitnonpeo-pn.jpg]
     
Total Shareholder Return Vs Peer Group
[MISSING IMAGE: bc_tsrpeo-pn.jpg]
[MISSING IMAGE: bc_tsrnonpeo-pn.jpg]
     
Tabular List, Table
Most Important Measures to Determine Fiscal 2024 Compensation Actually Paid
The six performance measures listed below represent the most important metrics we used to link CAP to financial performance for fiscal 2024 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 $ 208 139 126 170
Peer Group Total Shareholder Return Amount 178 131 108 129
Net Income (Loss) $ 1,705,000,000 $ 1,849,000,000 $ 1,532,000,000 $ 1,637,000,000
Company Selected Measure Amount 8.8 16.9 11.4 11.6
PEO Name Mr. Olivier      
Measure:: 1        
Pay vs Performance Disclosure        
Name EBIT Growth      
Non-GAAP Measure Description
(i)
Company-selected measure is EBIT Growth. The definition and methodology used to calculate EBIT Growth are found in the CD&A on page 60.
     
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 | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (11,062,626)      
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 22,068,352      
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,950,976      
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,760,152      
PEO | Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,227,460)      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,644,012      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,599,534      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 161,026      
Non-PEO NEO | Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 726,261      
Non-PEO NEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount