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Subsequent Events Subsequent Events | 9 Months Ended
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Jun. 30, 2018
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Investment in PTC As part of a strategic partnership, on July 19, 2018, Rockwell Automation made a $1,000 million equity investment in PTC, by acquiring 10,582,010 shares at a price of $94.50 per share, which represented a premium over our closing share price on June 11, 2018, the date upon which we entered into a securities purchase agreement. The Chairman and CEO of Rockwell Automation has joined PTC's board of directors. Share Repurchases We entered into a $1,000 million accelerated share repurchase ("ASR") agreement with a major financial institution ("Bank") on July 20, 2018. We used cash proceeds from the Rockwell Automation investment to fund the repurchase. On July 20, 2018, 8,244,873 shares repurchased at the market price of $97.03 per share were delivered to us (totaling $800 million). The remaining $200 million represents the amount held back by the Bank pending final settlement of the ASR. Upon settlement of the ASR, the total shares repurchased by us will equal up to $1,000 million divided by a share price equal to the average daily volume weighted-average price of our common stock during the term of the ASR program less a fixed per share discount. Final settlement of the ASR will occur between 7.5-months and 10-months after execution, at the Bank's discretion. All shares repurchased are automatically restored to the status of authorized and unissued.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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