v3.26.3
Business Segment Information
 12 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
We determine our operating segments based on the information used by our chief operating decision maker (CODM), our Chief Executive Officer, to allocate resources and assess performance. We organize our business into three operating segments: Intelligent Devices, Software & Control, and Lifecycle Services. This structure emphasizes our essential offerings, leverages our sharpened industry focus, and recognizes the growing importance of software in delivering value to our customers. The composition of our segments is as follows:
Intelligent Devices
The Intelligent Devices operating segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system. This comprehensive portfolio includes:
•Power and Motion - Low voltage variable frequency drives as well as servo drives, servo control, rotary servo motors, linear actuators, and independent cart technologies;
•Intelligent Packaged Power - Medium voltage variable frequency drives as well as low and medium voltage motor control;
•Autonomous Mobile Robots - Offering a comprehensive portfolio of production logistics technologies;
•Safety, Sensing, & Industrial Components - Safety devices, sensing devices, motor control and circuit protection devices, operator devices, signaling devices, relays, and electrical control accessories; and
•Micro Control & Distributed I/O - Micro programmable logic controllers and distributed input/output platforms.
Software & Control
The Software & Control operating segment contains a comprehensive portfolio of production automation and production operations platforms, including hardware and software. This integrated portfolio is merging information technology (IT) and operational technology (OT), bringing the benefits of the Connected Enterprise® to the production system.
Our production automation portfolio is multi-discipline and scalable with the ability to handle applications in discrete, batch/hybrid and continuous process, drives control, motion and robotics control, and machine and process safety. Our products include programmable automation controllers, design, visualization and simulation software, human machine interface products, industrial computers, machine and process safety products, industrial networks, and security products.
Our production operations portfolio helps industrial clients to plan, execute, manage, and optimize their production leveraging industrial data and software. Our software products include manufacturing execution systems, performance, quality, supply chain management, data management, edge, analytics, and machine learning software that enables customers to improve operational productivity and meet regulatory requirements. These solutions enable enterprise visibility, reduction of unplanned downtime, and optimization of processes.
Lifecycle Services
The Lifecycle Services operating segment contains a complete portfolio of professionally delivered services and annually recurring managed support contracts. This comprehensive portfolio combines technology and domain expertise to help maximize customers’ investment and provide total lifecycle support as they innovate, design, operate, and sustain their business investments. This includes:
•consulting services including cybersecurity and digital transformation strategy and design;
•professional services including global automation and information program and project management and delivery capabilities;
•connected services including operational technology/plant network, cloud, predictive/prescriptive analytics, remote support, and managed services;
•field services including asset management, on-site support, and safety;
•workforce services including instructor-led and virtual training, learning, and enablement;
•industrial automation and information solutions and custom-engineered systems that incorporate our own and third-party hardware and software products; and
Sales and operating results of our reportable segments were (in millions):
2026
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$4,185 $2,818 $2,071 $9,074 
Other unallocated items (1)
$(85)
Total sales 8,989 
Less:
Segment cost of sales(2,276)(847)(1,369)
Segment selling, general and administrative expenses(801)(637)(344)
Segment engineering and development expenses(275)(393)(46)
Other segment items (2)
6 11 — 
Segment operating earnings$839 $952 $312 2,103 
Corporate and other(116)
Other unallocated items (1)
10 
Non-operating pension and postretirement benefit credit2 
Amortization of acquisition-related intangible assets (3)
(120)
Impairment of intangible assets — 
Net legacy asbestos and environmental charges 2 
Gain or loss on fair value of investments(7)
Restructuring charges(25)
Charitable contributions(50)
Gain on dissolution of Sensia, net of transaction costs4 
Interest expense, net(118)
Income before income taxes$1,685 
(1) Includes an $85 million reduction of sales for the customer tariff refund program, a $103 million reduction of cost of sales for IEEPA tariff refunds received, and $8 million of related non-recurring charges. Refer to Note 1.
(2) Other segment items are primarily comprised of foreign currency adjustments for each segment.
(3) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible software products.
 2025
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$3,756 $2,383 $2,203 $8,342 
Other unallocated items— 
Total Sales8,342 
Less:
Segment cost of sales(2,045)(697)(1,459)
Segment selling, general and administrative expenses(761)(612)(377)
Segment engineering and development expenses(266)(361)(52)
Other segment items (1)
(8)(5)4 
Segment operating earnings$676 $708 $319 1,703 
Corporate and other(125)
Other unallocated items— 
Non-operating pension and postretirement benefit cost(1)
Amortization of acquisition-related intangible assets (2)
(141)
Impairment of intangible assets(224)
Net legacy asbestos and environmental charges(154)
Gain or loss on fair value of investments(3)
Restructuring reversals5 
Charitable contributions— 
Gain on dissolution of Sensia, net of transaction costs— 
Interest expense, net(143)
Income before income taxes$917 
(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 software products.
2024
Intelligent DevicesSoftware & ControlLifecycle ServicesTotal
Sales$3,804 $2,187 $2,273 $8,264 
Other unallocated items— 
Total Sales8,264 
Less:
Segment cost of sales(2,072)(678)(1,496)
Segment selling, general and administrative expenses(783)(630)(363)
Segment engineering and development expenses(254)(351)(46)
Other segment items (1)
5 2 (3)
Segment operating earnings$700 $530 $365 1,595 
Corporate and other (2)
(114)
Other unallocated items— 
Non-operating pension and postretirement benefit credit20 
Amortization of acquisition-related intangible assets (3)
(144)
Impairment of intangible assets— 
Net legacy asbestos and environmental charges(21)
Gain or loss on fair value of investments— 
Restructuring charges(97)
Charitable contributions— 
Gain on dissolution of Sensia, net of transaction costs— 
Interest expense, net(139)
Income before income taxes$1,100 
(1) Other segment items are primarily comprised of foreign currency adjustments for each segment, adjustments related to acquisition earnouts for Intelligent Devices, and income from royalties for Software and Control.
(2) Legacy asbestos and environmental charges were previously included in Corporate and other. 2024 has been recast to conform with current year presentation.
(3) Amortization of acquisition-related intangibles excludes amortization of internally developed and capitalized intangible software products.
Among other considerations, we evaluate segment performance and allocate resources based upon segment operating earnings before corporate and other, other unallocated items, non-operating pension and postretirement benefit credit (cost), amortization of acquisition-related intangible assets, impairment of intangible assets, net legacy asbestos and environmental charges, gain or loss on fair value of investments, restructuring charges aligned with enterprise-wide strategic initiatives, charitable contributions, gain on dissolution of Sensia, net of transaction costs, and interest expense, net. Our chief operating decision maker (CODM), our Chief Executive Officer, uses segment operating earnings as the key performance metric to regularly monitor performance compared to prior periods, annual operating plan, and forecasts and to make decisions. We do not report total assets or capital expenditures by segment for internal reporting purposes as our CODM does not assess performance, make strategic decisions, or allocate resources based on assets.
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. Segment selling, general and administrative expenses represent costs directly managed by the segments and allocated to the segments. We allocate costs related to shared segment operating activities to the segments consistent with the methodology used by management to assess segment performance.
The following table summarizes the provision for depreciation and amortization for each of the reportable segments and Corporate (in millions):
202620252024
Depreciation and amortization
Intelligent Devices$83 $62 $58 
Software & Control75 74 68 
Lifecycle Services31 43 43 
Corporate5 5 4 
Total194 184 173 
Amortization of acquisition-related intangible assets120 141 144 
Total$314 $325 $317 

We conduct a significant portion of our business activities outside the United States. The following table presents our Property, net of accumulated depreciation and Operating lease right-of-use assets by geographic region (in millions):
202620252024
North America$700 $659 $692 
Europe, Middle East and Africa239 261 246 
Asia Pacific189 187 162 
Latin America93 93 100 
Total$1,221 $1,200 $1,200