Sales and operating results of our reportable segments were (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | | Intelligent Devices | | Software & Control | | Lifecycle Services | | Total | | Sales | | $ | 1,008 | | | $ | 684 | | | $ | 547 | | | $ | 2,239 | | | Less: | | | | | | | | | | Segment cost of sales | | (533) | | | (196) | | | (361) | | | | | Segment selling, general and administrative expenses | | (198) | | | (154) | | | (89) | | | | | Segment engineering and development expenses | | (66) | | | (98) | | | (16) | | | | Other segment items (1) | | — | | | 3 | | | (1) | | | | | Segment operating earnings | | $ | 211 | | | $ | 239 | | | $ | 80 | | | $ | 530 | | Amortization of acquisition-related intangible assets (2) | | | | | | | | (29) | | | Corporate and other | | | | | | | | (26) | | | Non-operating pension and postretirement benefit credit | | | | | | | | 3 | | | Net legacy asbestos and environmental charges | | | | | | | | (1) | | | Change in fair value of investments | | | | | | | | — | | | Cost associated with dissolution of Sensia | | | | | | | | (4) | | | Interest expense, net | | | | | | | | (33) | | | Income before income taxes | | | | | | | | $ | 440 | |
(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | | Intelligent Devices | | Software & Control | | Lifecycle Services | | Total | | Sales | | $ | 896 | | | $ | 568 | | | $ | 537 | | | $ | 2,001 | | | Less: | | | | | | | | | | Segment cost of sales | | (482) | | | (160) | | | (352) | | | | | Segment selling, general and administrative expenses | | (188) | | | (147) | | | (96) | | | | | Segment engineering and development expenses | | (65) | | | (88) | | | (11) | | | | Other segment items (1) | | (2) | | | (2) | | | — | | | | | Segment operating earnings | | $ | 159 | | | $ | 171 | | | $ | 78 | | | 408 | | Amortization of acquisition-related intangible assets (2) | | | | | | | | (36) | | | Corporate and other | | | | | | | | (27) | | | Non-operating pension and postretirement benefit credit | | | | | | | | — | | Net legacy asbestos and environmental charges (2) | | | | | | | | (6) | | | Change in fair value of investments | | | | | | | | (3) | | | Cost associated with dissolution of Sensia | | | | | | | | — | | | Interest expense, net | | | | | | | | (37) | | | Income before income taxes | | | | | | | | $ | 299 | |
(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets. (3) Legacy asbestos and environmental charges were previously included in Corporate and other. Three months ended March 31, 2025 has been recast to conform with current year presentation. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended March 31, 2026 | | | Intelligent Devices | | Software & Control | | Lifecycle Services | | Total | | Sales | | $ | 1,961 | | | $ | 1,313 | | | $ | 1,070 | | | $ | 4,344 | | | Less: | | | | | | | | | | Segment cost of sales | | (1,065) | | | (383) | | | (705) | | | | | Segment selling, general and administrative expenses | | (390) | | | (306) | | | (182) | | | | | Segment engineering and development expenses | | (129) | | | (193) | | | (30) | | | | Other segment items (1) | | (1) | | | 4 | | | 1 | | | | | Segment operating earnings | | $ | 376 | | | $ | 435 | | | $ | 154 | | | 965 | | Amortization of acquisition-related intangible assets (2) | | | | | | | | (61) | | | Corporate and other | | | | | | | | (56) | | | Non-operating pension and postretirement benefit credit | | | | | | | | 6 | | | Net legacy asbestos and environmental charges | | | | | | | | (2) | | | Change in fair value of investments | | | | | | | | — | | | Cost associated with dissolution of Sensia | | | | | | | | (8) | | | Interest expense, net | | | | | | | | (62) | | | Income before income taxes | | | | | | | | $ | 782 | |
(1) Other segment items are primarily comprised of foreign currency adjustments for each segment. (2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended March 31, 2025 | | | Intelligent Devices | | Software & Control | | Lifecycle Services | | Total | | Sales | | $ | 1,702 | | | $ | 1,097 | | | $ | 1,083 | | | $ | 3,882 | | | Less: | | | | | | | | | | Segment cost of sales | | (921) | | | (320) | | | (720) | | | | | Segment selling, general and administrative expenses | | (371) | | | (298) | | | (195) | | | | | Segment engineering and development expenses | | (126) | | | (171) | | | (23) | | | | Other segment items (1) | | (5) | | | (4) | | | 1 | | | | | Segment operating earnings | | $ | 279 | | | $ | 304 | | | $ | 146 | | | 729 | | Amortization of acquisition-related intangible assets (2) | | | | | | | | (71) | | | Corporate and other | | | | | | | | (62) | | | Non-operating pension and postretirement benefit credit | | | | | | | | — | | Net legacy asbestos and environmental charges (3) | | | | | | | | (9) | | | Change in fair value of investments | | | | | | | | (3) | | | Cost associated with dissolution of Sensia | | | | | | | | — | | | Interest expense, net | | | | | | | | (72) | | | Income before income taxes | | | | | | | | $ | 512 | |
(1) Other segment items are primarily comprised of foreign currency adjustments for each segment.(2) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets. (3) Legacy asbestos and environmental charges were previously included in Corporate and other. Six months ended March 31, 2025 has been recast to conform with current year presentation.
|