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Business Segments Information
 12 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Business Segments Information BUSINESS SEGMENTS INFORMATION

The Company designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial and consumer markets around the world.
In connection with the strategic portfolio repositioning actions undertaken to transform the Company into a more focused enterprise, the Company realigned its businesses. Starting in fiscal 2017, the Company began reporting three segments: Automation Solutions; and Climate Technologies and Tools & Home Products, which together comprise the Commercial & Residential Solutions business.
The Automation Solutions segment enables process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs through a broad offering of integrated solutions, software, services and products, including measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. Significant markets served include oil and gas, refining, chemicals and power generation, as well as pharmaceuticals, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies. The segment's major product offerings are described below.
•
Measurement & Analytical Instrumentation products measure the physical properties of liquids or gases in a process stream and communicate this information to a process control system or other software applications, and analyze the chemical composition of process fluids and emissions to enhance quality and efficiency, as well as environmental compliance.
•
Valves, Actuators & Regulators consists of control, isolation and pressure relief valves which respond to commands from a control system to continuously and precisely modulate the flow of process fluids, smart actuation and control technologies, pressure management products, and industrial and residential regulators that reduce the pressure of fluids moving from high-pressure supply lines into lower pressure systems.
•
Industrial Solutions provides fluid control and pneumatic mechanisms, electrical distribution equipment, and materials joining and precision cleaning products which are used in a variety of manufacturing operations to provide integrated solutions to customers.
•
Process Control Systems & Solutions provides a digital ecosystem that controls plant processes by communicating with and adjusting the "intelligent" plant devices described above to provide precision measurement, control, monitoring, asset optimization, and plant safety and reliability for plants that produce power, or process fluids or other items.
The Commercial & Residential Solutions business consists of the Climate Technologies and Tools & Home Products segments. This business provides products and solutions that promote energy efficiency, enhance household and commercial comfort, and protect food quality and sustainability through heating, air conditioning and refrigeration technology, as well as a broad range of tools and appliance solutions.
The Climate Technologies segment provides products, services and solutions for all areas of the climate control industry, including residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and cold chain management. Products include compressors, temperature sensors and controls, thermostats, flow controls, and stationary and mobile remote monitoring technologies and services that enable homeowners and businesses to better manage their heating, air conditioning and refrigeration systems for improved control and comfort, and lower energy costs.
The Tools & Home Products segment offers tools for professionals and homeowners and appliance solutions. Products include professional pipe-working tools, electrical and utility tools, residential and commercial food waste disposers, and wet-dry vacuums.
The principal distribution method for each segment is direct sales forces, although the Company also uses independent sales representatives and distributors. Due to its global presence, certain of the Company's international operations are subject to risks including the stability of governments and business conditions in foreign countries which could result in adverse changes in exchange rates, changes in regulations or disruption of operations.

The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes. Certain expenses are reported at Corporate, including stock compensation expense and a portion of pension and postretirement benefit costs. Corporate and other includes unallocated corporate expenses, acquisition/divestiture costs, first year acquisition accounting charges (which include fair value adjustments related to inventory, backlog and deferred revenue) and other items. Corporate assets are primarily comprised of cash and equivalents, investments and certain fixed assets. Summarized below is information about the Company's operations by business segment and by geography.

Business Segments
 
Sales
 
Earnings
 
Total Assets
 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

Automation Solutions
$
9,418

 
11,441

 
12,202

 
$
1,522

 
1,886

 
1,947

 
$
12,581

 
13,720

 
13,996

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Climate Technologies
4,212

 
4,454

 
4,313

 
975

 
972

 
883

 
2,547

 
2,936

 
2,885

Tools & Home Products
1,645

 
1,528

 
1,856

 
383

 
380

 
388

 
830

 
1,560

 
1,462

Commercial & Residential Solutions
5,857

 
5,982

 
6,169

 
1,358

 
1,352

 
1,271

 
3,377

 
4,496

 
4,347

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock compensation
 
 
—

 
 
 
(110
)
 
(216
)
 
(120
)
 
—

 
—

 
 
Pension and postretirement costs
 
 
 
 
 
 
27

 
79

 
108

 
 
 
 
 
 
Corporate and other
 
 
 
 
 
 
(297
)
 
(275
)
 
(173
)
 
3,631

 
2,174

 
2,154

Eliminations/Interest
(11
)
 
(15
)
 
1

 
(165
)
 
(159
)
 
(174
)
 
 
 
 
 
 
     Total
$
15,264

 
17,408

 
18,372

 
$
2,335

 
2,667

 
2,859

 
$
19,589

 
20,390

 
20,497



Automation Solutions sales by major product offering are summarized below:
 
 
2017

 
2018

 
2019

 
 
 
 
 
 
 
Measurement & Analytical Instrumentation
 
$
3,070

 
3,604

 
3,807

Valves, Actuators & Regulators
 
2,659

 
3,749

 
3,794

Industrial Solutions
 
1,689

 
1,967

 
2,232

Process Control Systems & Solutions
 
2,000

 
2,121

 
2,369

     Total
 
$
9,418

 
11,441

 
12,202


 
Depreciation
and Amortization
 
Capital
Expenditures
 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

Automation Solutions
$
381

 
488

 
535

 
$
234

 
295

 
297

 
 
 
 
 
 
 
 
 
 
 
 
Climate Technologies
156

 
171

 
176

 
182

 
209

 
222

Tools & Home Products
45

 
44

 
71

 
45

 
64

 
59

Commercial & Residential Solutions
201

 
215

 
247

 
227

 
273

 
281

 
 
 
 
 
 
 
 
 
 
 
 
Corporate and other
54

 
55

 
40

 
15

 
49

 
16

     Total
$
636

 
758

 
822

 
$
476

 
617

 
594


Geographic Information
 
Automation Solutions
 
Commercial & Residential Solutions
 
Total
 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

 
2017

 
2018

 
2019

Americas
$
4,581

 
5,517

 
5,850

 
$
4,051

 
3,967

 
4,253

 
$
8,632

 
9,484

 
10,103

Asia, Middle East & Africa
2,936

 
3,657

 
3,891

 
1,273

 
1,384

 
1,192

 
4,209

 
5,041

 
5,083

Europe
1,901

 
2,267

 
2,461

 
533

 
631

 
724

 
2,434

 
2,898

 
3,185

Total
$
9,418

 
11,441

 
12,202

 
$
5,857

 
5,982

 
6,169

 
$
15,275

 
17,423

 
18,371



Sales in the U.S. were $8,390, $7,939 and $7,273 for 2019, 2018 and 2017, respectively, while Asia, Middle East & Africa includes sales in China of $1,962, $1,955 and $1,540 in those years.

 
 
Property, Plant and Equipment
 
 
2017

 
2018

 
2019

Americas
 
$
2,055

 
2,234

 
2,339

Asia, Middle East & Africa
 
640

 
652

 
671

Europe
 
626

 
676

 
632

Total
 
$
3,321

 
3,562

 
3,642



Assets located in the U.S. were $2,128 in 2019, $2,027 in 2018 and $1,840 in 2017.