XML 40 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Shareowners' Equity
 12 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Shareowners' Equity Shareowners’ Equity
Common Stock
At September 30, 2020, the authorized stock of the Company consisted of one billion shares of common stock, par value $1.00 per share, and 25 million shares of preferred stock, without par value. At September 30, 2020, 17.3 million shares of authorized common stock were reserved for various incentive plans.
Changes in outstanding common shares are summarized as follows (in millions):
 
 
2020
 
2019
 
2018
Beginning balance
 
115.7

 
121.0

 
128.4

Treasury stock purchases
 
(1.4
)
 
(6.1
)
 
(8.3
)
Common stock issued (including share based compensation impact)
 
1.9

 
0.8

 
0.9

Ending balance
 
116.2

 
115.7

 
121.0


At September 30, 2020, there were no outstanding common stock share repurchases recorded in accounts payable. At September 30, 2019, there were $9.3 million of outstanding common stock share repurchases recorded in accounts payable.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss attributable to Rockwell Automation by component were (in millions):
 
 
Pension and other postretirement benefit plan adjustments, net of tax (Note 14)
 
Accumulated currency translation adjustments, net of tax
 
Net unrealized gains (losses) on cash flow hedges, net of tax
 
Net unrealized gains (losses) on available-for-sale investments, net of tax
 
Total accumulated other comprehensive loss, net of tax
Balance as of September 30, 2017
 
$
(927.0
)
 
$
(237.7
)
 
$
(14.4
)
 
$
(0.1
)
 
$
(1,179.2
)
Other comprehensive income (loss) before reclassifications
 
188.4

 
(48.3
)
 
8.7

 
(2.1
)
 
146.7

Amounts reclassified from accumulated other comprehensive loss
 
80.5

 
—

 
10.1

 
—

 
90.6

Other comprehensive income (loss)
 
268.9

 
(48.3
)
 
18.8

 
(2.1
)
 
237.3

Balance as of September 30, 2018
 
$
(658.1
)
 
$
(286.0
)
 
$
4.4

 
$
(2.2
)
 
$
(941.9
)
Other comprehensive income (loss) before reclassifications
 
(532.1
)
 
(55.3
)
 
(5.3
)
 
2.2

 
(590.5
)
Amounts reclassified from accumulated other comprehensive loss
 
56.5

 
—

 
(12.1
)
 
—

 
44.4

Other comprehensive income (loss)
 
(475.6
)
 
(55.3
)
 
(17.4
)
 
2.2

 
(546.1
)
Balance as of September 30, 2019
 
$
(1,133.7
)
 
$
(341.3
)
 
$
(13.0
)
 
$
—

 
$
(1,488.0
)
Other comprehensive income (loss) before reclassifications
 
(100.2
)
 
26.0

 
(7.3
)
 
—

 
(81.5
)
Amounts reclassified from accumulated other comprehensive loss
 
109.5

 
—

 
(11.2
)
 
—

 
98.3

Other comprehensive income (loss)
 
9.3

 
26.0

 
(18.5
)
 
—

 
16.8

Adoption of accounting standard/other
 
(146.8
)
 
3.8

 
—

 
—

 
(143.0
)
Balance as of September 30, 2020
 
$
(1,271.2
)
 
$
(311.5
)
 
$
(31.5
)
 
$
—

 
$
(1,614.2
)

The reclassifications out of accumulated other comprehensive loss to the Consolidated Statement of Operations were (in millions):
 
Year Ended September 30,
 
Affected Line in the Consolidated Statement of Operations
 
2020
 
2019
 
2018
 
 
Pension and other postretirement benefit plan adjustments(1):
 
 
 
 
 
 
 
Amortization of prior service credit
$
(4.5
)
 
$
(4.2
)
 
$
(4.9
)
 
Other (expense) income
Amortization of net actuarial loss
148.7

 
78.7

 
115.1

 
Other (expense) income
Settlements
—

 
1.2

 
0.7

 
Other (expense) income
 
144.2

 
75.7

 
110.9

 
Income before income taxes
 
(34.7
)
 
(19.2
)
 
(30.4
)
 
Income tax provision
 
$
109.5

 
$
56.5

 
$
80.5

 
Net income
 
 
 
 
 
 
 
 
Net unrealized (gains) losses on cash flow hedges:
 
 
 
 
 
 
 
Forward exchange contracts
$
0.7

 
$
(1.0
)
 
$
(2.4
)
 
Sales
Forward exchange contracts
(19.6
)
 
(18.2
)
 
17.2

 
Cost of sales
Forward exchange contracts
1.4

 
1.3

 
(1.2
)
 
Selling, general and administrative expenses
Treasury locks related to 2019 debt issuance
2.1

 
1.2

 
—

 
Interest expense
 
(15.4
)
 
(16.7
)
 
13.6

 
Income before income taxes
 
4.2

 
4.6

 
(3.5
)
 
Income tax provision
 
$
(11.2
)
 
$
(12.1
)
 
$
10.1

 
Net income
 
 
 
 
 
 
 
 
Total reclassifications
$
98.3

 
$
44.4

 
$
90.6

 
Net income
(1) These components are included in the computation of net periodic benefit costs. See Note 14 for further information.