XML 70 R52.htm IDEA: XBRL DOCUMENT v3.23.2
FAIR VALUE MEASUREMENTS - Narrative (Details)
3 Months Ended 6 Months Ended 9 Months Ended
Oct. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
reportingUnit
Jun. 30, 2023
USD ($)
Jan. 16, 2023
Dec. 31, 2022
USD ($)
Dec. 20, 2022
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Number of reporting units | reportingUnit       4        
Impairment charge     $ 106,000,000          
Emerson’s InSinkErator Business                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Estimated value of property, plant and equipment, adjustment $ 36,000,000              
Property, plant and equipment, net 174,000,000 $ 173,000,000   $ 173,000,000 $ 173,000,000      
Estimated value of inventory, adjustment 10,000,000              
Inventories $ 93,000,000 93,000,000   93,000,000 93,000,000      
Held-for-sale | European Major Domestic Appliance Business                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Sale and disposal of businesses   18,000,000   240,000,000 1,761,000,000      
Held-for-sale | Russia Sale Transaction                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of assets held-for-sale     333,000,000          
Newly Formed European Appliance Company | Arcelik B.V.                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Ownership percentage           75.00%    
Newly Formed European Appliance Company                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Equity interest percentage           25.00%    
Equity method investments               $ 143,000,000
Level 2                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Long-term debt, fair value   7,200,000,000   7,200,000,000 7,200,000,000   $ 7,000,000,000  
Level 2 | Held-for-sale | Russia Sale Transaction                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Disposal group, held for sale, fair value     0          
Indesit | Indefinite-lived intangible assets                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of indefinite lived intangible assets       70,000,000        
Indesit | Level 3 | Total Cost Basis | Indefinite-lived intangible assets                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Indefinite-lived intangible assets   201,000,000   201,000,000 201,000,000      
Indesit | Level 3 | Fair Value | Indefinite-lived intangible assets                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Indefinite-lived intangible assets   131,000,000   131,000,000 131,000,000      
Hotpoint | Indefinite-lived intangible assets                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of indefinite lived intangible assets       36,000,000        
Hotpoint | Level 3 | Total Cost Basis | Indefinite-lived intangible assets                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Indefinite-lived intangible assets   137,000,000   137,000,000 137,000,000      
Hotpoint | Level 3 | Fair Value | Indefinite-lived intangible assets                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Indefinite-lived intangible assets   $ 101,000,000   $ 101,000,000 $ 101,000,000      
Valuation Technique, Discounted Cash Flow | Newly Formed European Appliance Company                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Equity method investments, measurement input               0.165
EMEA                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Goodwill, impairment loss     $ 278,000,000          
Other Intangible Assets | Measurement Input, Discount Rate | EMEA                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment assessment of goodwill, measurement input   0.15   0.15 0.15      
Other Intangible Assets | Measurement Input, Discount Rate | EMEA | Valuation Technique, Relief-From-Royalty                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Intangible assets (excluding goodwill), measurement input     0.19          
Other Intangible Assets | Measurement Input, Royalty Rate | EMEA | Valuation Technique, Relief-From-Royalty | Minimum                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Intangible assets (excluding goodwill), measurement input     0.015          
Other Intangible Assets | Measurement Input, Royalty Rate | EMEA | Valuation Technique, Relief-From-Royalty | Maximum                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Intangible assets (excluding goodwill), measurement input     0.035