XML 64 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions And Divestitures (Narrative) (Details)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2018
USD ($)
$ / shares
Jun. 30, 2018
USD ($)
$ / shares
Mar. 31, 2018
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
$ / shares
Sep. 30, 2017
USD ($)
$ / shares
Jun. 30, 2017
USD ($)
$ / shares
Mar. 31, 2017
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Sep. 30, 2018
USD ($)
$ / shares
Sep. 30, 2017
USD ($)
$ / shares
Sep. 30, 2016
USD ($)
$ / shares
Jul. 17, 2018
USD ($)
Jul. 02, 2018
USD ($)
Dec. 01, 2017
USD ($)
Apr. 28, 2017
USD ($)
Business Acquisition [Line Items]                              
Goodwill $ 6,455       $ 5,316       $ 6,455 $ 5,316 $ 3,909        
Purchases of businesses, net of cash acquired                 2,203 2,990 132        
Net sales 4,888 $ 4,456 $ 4,248 $ 3,816 4,435 $ 4,039 $ 3,574 $ 3,216 17,408 15,264 14,522        
Net income (loss)                 2,224 1,550 1,664        
Restructuring expense                 65 78 96        
Amortization of intangible assets                 314 222 177        
Intangible assets, net (excluding goodwill) $ 2,751       $ 1,890       2,751 1,890          
Pretax earnings (loss)                 2,667 2,335 2,316        
Net income (loss)                 $ 2,224 $ 1,675 $ 1,619        
Diluted net earnings (loss) per common share | $ / shares $ 0.97 $ 1.12 $ 0.76 $ 0.61 $ 0.78 $ 0.64 $ 0.45 $ 0.48 $ 3.46 $ 2.35 $ 2.52        
Aventics [Member]                              
Business Acquisition [Line Items]                              
Cash paid, net of cash acquired                       $ 622      
Goodwill                       358      
Goodwill, expected tax deductible amount                       20      
Net sales                 $ 425            
Intangibles                       $ 278      
Intangible assets, weighted average useful life                 12 years            
Textron's Tools & Test [Member]                              
Business Acquisition [Line Items]                              
Cash paid, net of cash acquired                         $ 810    
Goodwill                         374    
Goodwill, expected tax deductible amount                         17    
Net sales                 $ 470            
Intangibles                         $ 358    
Intangible assets, weighted average useful life                 14 years            
Paradigm [Member]                              
Business Acquisition [Line Items]                              
Cash paid, net of cash acquired                           $ 505  
Goodwill                           328  
Goodwill, expected tax deductible amount                           160  
Net sales                 $ 140            
Intangibles                           $ 238  
Intangible assets, weighted average useful life                 11 years            
Series of Individually Immaterial Business Acquisitions [Member]                              
Business Acquisition [Line Items]                              
Goodwill                     $ 83        
Goodwill, expected tax deductible amount                     $ 27        
Number of businesses acquired                 4   6        
Purchases of businesses, net of cash acquired                     $ 132        
Net sales                     51        
Intangible assets, net (excluding goodwill)                     $ 50        
Intangible assets, weighted average useful life                     9 years        
Total acquired businesses                              
Business Acquisition [Line Items]                              
Cash paid, net of cash acquired $ 2,219               $ 2,219            
Goodwill 1,188               1,188            
Net sales                 365            
Net income (loss)                 (3)            
Restructuring expense                 3            
Amortization of intangible assets                 40            
Intangibles 1,012               1,012            
Pentair's Valves & Controls [Member]                              
Business Acquisition [Line Items]                              
Cash paid, net of cash acquired         $ 2,960         $ 2,960         $ 2,942
Cash acquired                             207
Annualized sales                   1,400          
Goodwill                             1,476
Goodwill, expected tax deductible amount                             0
Net sales                   600          
Net income (loss)                   (97)          
Restructuring expense                   25          
Amortization of intangible assets                   $ 29          
Intangibles                             $ 1,076
Intangible assets, weighted average useful life                   14 years          
Diluted net earnings (loss) per common share | $ / shares                   $ (0.15)          
Automation Solutions [Member]                              
Business Acquisition [Line Items]                              
Goodwill 5,355       4,704       5,355 $ 4,704 $ 3,160        
Restructuring expense                 $ 41 $ 63 $ 80        
Automation Solutions [Member] | Series of Individually Immaterial Business Acquisitions [Member]                              
Business Acquisition [Line Items]                              
Number of businesses acquired                 2 2 4        
Climate Technologies [Member]                              
Business Acquisition [Line Items]                              
Goodwill $ 670       555       $ 670 $ 555 $ 553        
Restructuring expense                 $ 20 10 $ 5        
Climate Technologies [Member] | Series of Individually Immaterial Business Acquisitions [Member]                              
Business Acquisition [Line Items]                              
Number of businesses acquired                 2   2        
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ClosetMaid [Member]                              
Business Acquisition [Line Items]                              
Net sales                   298          
Pretax earnings (loss)                   15          
Proceeds from divestitures of businesses                 $ 200            
Gain (loss) on divestiture of business, after tax                 $ (24)            
Disposal gain impact on diluted earnings per share | $ / shares                 $ (0.04)            
After-tax proceeds on sale of business                 $ 150            
Current assets held-for-sale         73         73          
Other non-current assets held-for-sale         176         176          
Accrued expenses and other liabilities held-for-sale         $ 61         61          
Fair Value Adjustment to Inventory [Member] | Total acquired businesses                              
Business Acquisition [Line Items]                              
Pretax earnings (loss)                 39            
Fair Value Adjustment to Inventory [Member] | Pentair's Valves & Controls [Member]                              
Business Acquisition [Line Items]                              
Pretax earnings (loss)                   (74)          
Order or Production Backlog [Member] | Pentair's Valves & Controls [Member]                              
Business Acquisition [Line Items]                              
Pretax earnings (loss)                   (19)          
Deferred Revenue [Domain] | Total acquired businesses                              
Business Acquisition [Line Items]                              
Pretax earnings (loss)                 $ 11            
Acquisition-related Costs [Member] | Pentair's Valves & Controls [Member]                              
Business Acquisition [Line Items]                              
Pretax earnings (loss)                   (52)          
Fair value adjustment to inventory & backlog member [Member] | Pentair's Valves & Controls [Member]                              
Business Acquisition [Line Items]                              
Pretax earnings (loss)                   (93)          
Net income (loss)                   $ (65)          
Diluted net earnings (loss) per common share | $ / shares                   $ (0.10)