v3.26.1
Business Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Sales and Operating Results of Reportable Segments
Sales and operating results of our reportable segments were (in millions):
Three Months Ended June 30, 2026
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$1,080 $751 $482 $2,313 
Less:
Segment cost of sales(590)(230)(317)
Segment selling, general and administrative expenses(206)(163)(81)
Segment engineering and development expenses(69)(97)(7)
Other segment items (1)
1 — (4)
Segment operating earnings$216 $261 $73 $550 
Amortization of acquisition-related intangible assets (2)
(30)
Corporate and other(34)
Non-operating pension and postretirement benefit credit4 
Net legacy asbestos and environmental charges(1)
Change in fair value of investments(7)
Gain on dissolution of Sensia, net of transaction costs18 
Interest expense, net(30)
Income before income taxes$470 
(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 June 30, 2025
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$968 $629 $547 $2,144 
Less:
Segment cost of sales(518)(183)(362)
Segment selling, general and administrative expenses(200)(158)(95)
Segment engineering and development expenses(67)(90)(13)
Other segment items (1)
(1)1 (4)
Segment operating earnings$182 $199 $73 454 
Amortization of acquisition-related intangible assets (2)
(35)
Corporate and other(36)
Non-operating pension and postretirement benefit credit— 
Net legacy asbestos and environmental charges (3)
(4)
Change in fair value of investments— 
Gain on dissolution of Sensia, net of transaction costs— 
Interest expense, net(37)
Income before income taxes$342 
(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 June 30, 2025 has been recast to conform with current year presentation.
Nine Months Ended June 30, 2026
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$3,041 $2,064 $1,552 $6,657 
Less:
Segment cost of sales(1,655)(613)(1,022)
Segment selling, general and administrative expenses(596)(469)(263)
Segment engineering and development expenses(198)(290)(37)
Other segment items (1)
— 4 (3)
Segment operating earnings$592 $696 $227 1,515 
Amortization of acquisition-related intangible assets (2)
(91)
Corporate and other(90)
Non-operating pension and postretirement benefit credit10 
Net legacy asbestos and environmental charges(3)
Change in fair value of investments(7)
Gain on dissolution of Sensia, net of transaction costs10 
Interest expense, net(92)
Income before income taxes$1,252 
(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.
Nine Months Ended June 30, 2025
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$2,670 $1,726 $1,630 $6,026 
Less:
Segment cost of sales(1,439)(503)(1,082)
Segment selling, general and administrative expenses(571)(456)(290)
Segment engineering and development expenses(193)(261)(36)
Other segment items (1)
(6)(3)(3)
Segment operating earnings$461 $503 $219 1,183 
Amortization of acquisition-related intangible assets (2)
(106)
Corporate and other(98)
Non-operating pension and postretirement benefit credit— 
Net legacy asbestos and environmental charges (3)
(13)
Change in fair value of investments(3)
Gain on dissolution of Sensia, net of transaction costs— 
Interest expense, net(109)
Income before income taxes$854 
(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. Nine months ended June 30, 2025 has been recast to conform with current year presentation.
Schedule of Depreciation and Amortization for Reportable Segments and Corporate
The following table summarizes the provision for depreciation and amortization for each of the reportable segments and Corporate (in millions):
Three Months Ended
June 30,		Nine Months Ended
June 30,
2026202520262025
Depreciation and amortization
Intelligent Devices$21 $14 $58 $46 
Software & Control17 19 56 52 
Lifecycle Services9 11 28 32 
Corporate2 2 4 4 
Total49 46 146 134 
Amortization of acquisition-related intangible assets (1)
30 35 91 106 
Total$79 $81 $237 $240 
(1) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible assets.