v3.26.3
Business Segment Information (Tables)
 12 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segments
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.
Components of Identifiable Assets, Depreciation and Amortization, and Capital Expenditures for Property
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 
Schedule of Property, Net of Accumulated Aepreciation and Operating Lease Right-of-use Assets By Geographic Region 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