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Acquisitions and Divestitures
9 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Acquisitions and Divestitures ACQUISITIONS AND DIVESTITURES
During the first nine months of 2020, the Company's acquisition spending totaled $114, net of cash acquired.

The Company acquired eight businesses in 2019, all in the Automation Solutions segment, for $469, net of cash acquired. These eight businesses had combined annual sales of approximately $300. The Company recognized goodwill of $213 ($158 of which is expected to be tax deductible) and other identifiable intangible assets of $155, primarily customer relationships and intellectual property with a weighted-average life of approximately nine years.
Valuations of certain acquired assets and liabilities are in-process and subject to refinement for transactions completed after June 30, 2019.