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Business Segments Information
12 Months Ended
Sep. 30, 2021
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. The Company reports 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. Markets served include oil and gas, refining, chemicals, power generation, life sciences, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies. In fiscal 2021, the Company reclassified certain software product sales that were previously reported in Measurement and Analytical Instrumentation to Systems & Software (previously described as Process Control Systems & Solutions). 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 and gases, smart actuation and control technologies, pressure management products, and industrial and residential regulators that reduce the pressure of fluids and gases 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.
Systems & Software 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 and sustainability, 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 mechanical, electrical, utility and do-it-yourself 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 cash equivalents, investments and certain fixed assets. Summarized below is information about the Company's operations by business segment and by geography.
Business Segments
SalesEarningsTotal Assets
2019 2020 2021 2019 2020 2021 2019 2020 2021 
Automation Solutions$12,202 11,155 11,610 $1,947 1,523 1,948 $13,996 14,250 15,823 
Climate Technologies4,313 3,980 4,748 883 801 965 2,885 3,065 3,269 
Tools & Home Products1,856 1,663 1,905 388 317 399 1,462 1,491 1,598 
Commercial & Residential Solutions6,169 5,643 6,653 1,271 1,118 1,364 4,347 4,556 4,867 
Corporate items:
Stock compensation— (120)(110)(224)— — 
Unallocated pension and postretirement costs108 53 94 
Corporate and other(173)(93)(116)2,154 4,076 4,025 
Eliminations/Interest(13)(27)(174)(156)(154)
     Total$18,372 16,785 18,236 $2,859 2,335 2,912 $20,497 22,882 24,715 

Automation Solutions sales by major product offering are summarized below, including the reclassification of prior year amounts to reflect this change.
 2019 2020 2021 
Measurement & Analytical Instrumentation$3,615 3,108 3,071 
Valves, Actuators & Regulators3,794 3,589 3,483 
Industrial Solutions2,232 2,012 2,266 
Systems & Software2,561 2,446 2,790 
     Total$12,202 11,155 11,610 

Depreciation
and Amortization
Capital
Expenditures
2019 2020 2021 2019 2020 2021 
Automation Solutions$535 557 632 $297 308 325 
Climate Technologies176 184 191 222 158 143 
Tools & Home Products71 77 76 59 58 94 
Commercial & Residential Solutions247 261 267 281 216 237 
Corporate and other40 36 70 16 14 19 
     Total$822 854 969 $594 538 581 
Depreciation and amortization includes intellectual property, customer relationships and capitalized software.
Geographic Information

Sales by major geographic destination are summarized below:

Automation SolutionsCommercial & Residential SolutionsTotal
2019 2020 2021 2019 2020 2021 2019 2020 2021 
Americas$5,850 5,051 5,100 $4,253 3,896 4,513 $10,103 8,947 9,613 
Asia, Middle East & Africa3,891 3,801 4,046 1,192 1,053 1,277 5,083 4,854 5,323 
Europe2,461 2,303 2,464 724 694 863 3,185 2,997 3,327 
Total$12,202 11,155 11,610 $6,169 5,643 6,653 $18,371 16,798 18,263 

Sales in the U.S. were $7,952, $7,420 and $8,390 for 2021, 2020 and 2019, respectively, while Asia, Middle East & Africa includes sales in China of $2,252, $1,845 and $1,962 in those years.

Property, Plant and Equipment
2019 2020 2021 
Americas$2,339 2,345 2,375 
Asia, Middle East & Africa671 679 678 
Europe632 664 685 
Total$3,642 3,688 3,738 

Property, plant and equipment located in the U.S. was $2,141 in 2021, $2,124 in 2020 and $2,128 in 2019.