v3.25.2
Business Segment Information
9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
Sales and operating results of our reportable segments were (in millions):
 Three Months Ended
June 30,
Nine Months Ended
June 30,
 2025202420252024
Sales
Intelligent Devices$968 $957 $2,670 $2,858 
Software & Control629 513 1,726 1,686 
Lifecycle Services547 581 1,630 1,685 
Total$2,144 $2,051 $6,026 $6,229 
Segment operating earnings
Intelligent Devices$182 $193 $461 $504 
Software & Control199 121 503 418 
Lifecycle Services73 112 219 264 
Total454 426 1,183 1,186 
Purchase accounting depreciation and amortization(35)(35)(106)(108)
Corporate and other(40)(29)(111)(97)
Non-operating pension and postretirement benefit credit— — 14 
Change in fair value of investments— (5)(3)
Restructuring charges— (70)— (70)
Interest expense, net(37)(36)(109)(101)
Income before income taxes$342 $255 $854 $825 
Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before purchase accounting depreciation and amortization, corporate and other, non-operating pension and postretirement benefit credit, change in fair value of investments, restructuring charges aligned with enterprise-wide strategic initiatives, and interest expense, net. Depending on the product, intersegment sales within a single legal entity are either at cost or cost plus a mark-up, which does not necessarily represent a market price. Sales between legal entities are at an appropriate transfer price. We allocate costs related to shared segment operating activities to the segments consistent with the methodology used by management to assess segment performance.