XML 35 R24.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Segment Information
 3 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
Sales and operating results of our reportable segments were (in millions):
 Three Months Ended
December 31,
 20232022
Sales
Intelligent Devices$927.3 $936.2 
Software & Control603.6 573.3 
Lifecycle Services521.2 471.5 
Total$2,052.1 $1,981.0 
Segment operating earnings
Intelligent Devices$150.2 $209.4 
Software & Control151.0 167.3 
Lifecycle Services54.3 24.3 
Total355.5 401.0 
Purchase accounting depreciation and amortization(35.6)(26.0)
Corporate and other(40.0)(27.3)
Non-operating pension and postretirement benefit credit4.9 12.4 
Change in fair value of investments3.1 140.6 
Interest expense, net(28.3)(32.8)
Income before income taxes$259.6 $467.9 
Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before purchase accounting depreciation and amortization, corporate and other, non-operating pension and postretirement benefit credit, change in fair value of investments, interest expense, net, and income tax provision. 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. We allocate costs related to shared segment operating activities to the segments consistent with the methodology used by management to assess segment performance.