Restructuring Costs

3 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Costs

RESTRUCTURING COSTS

Restructuring expense reflects costs associated with the Company’s ongoing efforts to improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. The Company expects fiscal 2023 restructuring expense and related costs to be approximately $90, including costs to complete actions initiated in the first three months of the year.

Restructuring expense by business segment follows:

	Three Months Ended December 31,
	2021			2022
Final Control		$	—		(1)
Measurement & Analytical		2			1
Discrete Automation		2			1
Safety & Productivity		—			—
Intelligent Devices		4			1
Control Systems & Software		1			1
AspenTech		—			—
Software and Control		1			1
Corporate		1			8
Total		$	6		10

Details of the change in the liability for restructuring costs during the three months ended December 31, 2022 follow:

	Sept 30, 2022			Expense		Utilized/Paid		Dec 31, 2022
Severance and benefits		$	117		(2)		1		114
Other		5			12		11		6
Total		$	122		10		12		120

The tables above do not include $8 and $5 of costs related to restructuring actions incurred for the three months ended December 31, 2021 and 2022, respectively, that are required to be reported in cost of sales and selling, general and administrative expenses.