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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Sep. 30, 2021

Pay vs. Performance

As required by Item 402(v) of Regulation S-K, the following table and accompanying narrative sets forth information concerning the compensation of our NEOs for each of the last three fiscal years and our financial performance for each such year in accordance with the SEC’s pay versus performance (“PVP”) disclosure rules. Under the PVP rules, the SEC has developed a new definition of pay, referred to as compensation actually paid (“CAP”), which is compared here to certain performance measures defined by the SEC.

The Committee does not use CAP as a basis for making compensation decisions,

nor

does it

use

the performance measures defined by the SEC for the PVP table to measure performance for incentive plan purposes. Refer to “Compensation Discussion and Analysis” above for details on how we align pay with performance.



Year	Summary Compensation Table Total for PEO(1) (Karsanbhai)			Summary Compensation Table Total for PEO(1) (Farr)			Compensation Actually Paid to PEO(1)(2) (Karsanbhai)			Compensation Actually Paid to PEO(1)(2) (Farr)			Average Summary Compensation Table Total for non-PEO Named Executive Officers(1)			Average Compensation Actually Paid to non-PEO NEOs (1)(2)			Value of Initial Fixed $100 Investment Based On:				Net Income (millions) (4)			Adj. EPS (5)
Year	Summary Compensation Table Total for PEO(1) (Karsanbhai)			Summary Compensation Table Total for PEO(1) (Farr)			Compensation Actually Paid to PEO(1)(2) (Karsanbhai)			Compensation Actually Paid to PEO(1)(2) (Farr)						Average Compensation Actually Paid to non-PEO NEOs (1)(2)			Emerson TSR (3)($)		Peer Group TSR(3) ($)		Net Income (millions) (4)			Adj. EPS (5)

2023		$	18,317,194			N/A		$	29,057,107			N/A		$	4,795,129		$	7,335,684		160.11		146.36		$	13,219		$	4.44

2022		$	15,178,106			N/A		$	8,202,846			N/A		$	5,294,490		$	2,830,506		118.57		114.23		$	3,231		$	3.64

2021		$	15,806,036		$	15,066,763		$	21,037,695		$	30,144,401		$	5,524,580		$	8,847,430		149.12		134.55		$	2,303		$	3.01

(1)

The principal executive officer (“PEO”) and the non-PEO NEOs for each fiscal year are as follows: 2023 – PEO: S. L. Karsanbhai; NEOs: M. J. Baughman, R. R. Krishnan, S. Y. Bosco, M. H. Train and F. J. Dellaquila; 2022 – PEO: S. L. Karsanbhai; NEOs: F. J. Dellaquila, R. R. Krishnan, M. J. Bulanda and S. Y. Bosco; 2021 – PEOs: S. L. Karsanbhai and D. N. Farr; NEOs: F. J. Dellaquila, R. R. Krishnan, M. J. Bulanda, J. P. Froedge, and M. H. Train.

(2)

In determining the “compensation actually paid” to our NEOs, we are required to make various adjustments to

amounts

that have been previously reported in the Summary Compensation Table (“SCT”) in previous years, as the SEC’s required valuation methods for this disclosure differ from those required in the SCT. The table below provides the adjustments to the SCT total compensation made to arrive at the compensation actually paid for the PEO and the average for Non-PEO NEOs. The amounts below for performance shares assume that the targeted

award

is earned, with actual amounts used for the year in which the award vests.



	2023						2022						2021

	PEO			Average for Non-PEO NEOs			PEO			Average for Non-PEO NEOs			PEO (Karsanbhai)			PEO (Farr)			Average for Non-PEO

SCT Total Compensation	$	18,317,194		$	4,795,129		$	15,178,106		$	5,294,490		$	15,806,036		$	15,066,763		$	5,524,580

Less: Stock Awards column in the SCT	$	(12,912,123	)	$	(2,271,575	)	$	(11,060,131	)	$	(3,015,166	)	$	(12,651,359	)	$	(11,599,962	)	$	(3,920,122	)

Less: Change in the Pension Value column of SCT	$	(11,000	)	$	(308,200	)	$	—		$	(494,250	)	$	(16,000	)	$	—		$	(171,200	)

Add: Fair value of unvested stock awards granted in FY, determined at FYE (a)	$	14,327,521		$	2,548,659		$	8,038,447		$	2,191,408		$	15,000,973		$	15,729,328		$	4,955,598

Change in fair value of outstanding and unvested stock awards granted in prior FYs from prior FYE to applicable FYE (b)	$	4,325,440		$	787,787		$	(3,760,581	)	$	(1,059,805	)	$	1,553,550		$	4,512,346		$	1,494,446

Change in fair value of stock awards granted during prior FYs that vested during the applicable FY, based on change in fair value from prior FY end to vesting date(c)	$	4,246,211		$	1,468,230		$	(568,314	)	$	(466,769	)	$	990,662		$	4,861,164		$	647,294

Add: Dividends paid during applicable FY prior to vesting date (to the extent not otherwise included) (d)	$	763,865		$	232,224		$	375,318		$	223,617		$	353,833		$	992,846		$	231,933

Add: Service cost for pension plans(e)	$	—		$	83,430		$	—		$	156,982		$	—		$	581,917		$	84,902

Add: Prior service cost for pension plans (f)	$	—		$	—		$	—		$	—		$	—		$	—		$	—

Compensation Actually Paid	$	29,057,107		$	7,335,684		$	8,202,846		$	2,830,506		$	21,037,695		$	30,144,401		$	8,847,430

(a)

For each fiscal year includes performance share awards granted that year. For fiscal 2021 and

fiscal

2022, also includes restricted stock awards granted that year. Amounts are computed in accordance with FASB ASC Topic 718 and do not correspond to the actual value that will be realized.

(b)

For each fiscal year includes change in fair value for performance share awards, restricted stock awards and RSU awards granted in prior fiscal years that remain outstanding and unvested at the end of that year.

(c)

For each fiscal year includes change in fair value for performance shares awards earned for the performance period ending on September 30 of that fiscal year and restricted stock that vested that year, as of the vesting date.

(d)

Includes the value of dividends on restricted stock and dividend equivalents on performance shares for each fiscal year prior to the vesting date.

(e)

Includes for each fiscal year, the service cost calculated as the actuarial present value of each NEO’s benefit under pension plans attributable to services rendered during the covered fiscal year.

(f)

Includes for each fiscal year, the prior service cost, calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in

periods

prior to the amendment (or initiation).

(3)

For each fiscal year, includes the cumulative TSR of the Company since September 30, 2020 and the S&P 500 Capital Goods Ind

x calculated in a manner consistent with our stock performance graph in our Annual Report to Shareholders, assuming $100 invested on September 30, 2020 in stock or index, including reinvestment of dividends.

(4)

For each fiscal year, consists of net earnings as disclosed in our annual financial statements, which includes the impact of discontinued operations. In 2023, this impact included the significant gains from the sale of the Company’s majority interest in its Climate Technologies business and the sale of its InSinkErator business. Earnings from continuing operations for each year were: 2023-$2,152, 2022-$1,886 and 2021-$1,414.

(5)	Adjusted EPS is calculated as described in Appendix D, GAAP to Non-GAAP Reconciliations.

Company Selected Measure Name

Adjusted EPS

Named Executive Officers, Footnote

(1)

Peer Group Issuers, Footnote

(3)

For each fiscal year, includes the cumulative TSR of the Company since September 30, 2020 and the S&P 500 Capital Goods Ind

PEO Total Compensation Amount

$ 18,317,194

$ 15,178,106

$ 15,066,763

PEO Actually Paid Compensation Amount

$ 29,057,107

8,202,846

Adjustment To PEO Compensation, Footnote

(2)

In determining the “compensation actually paid” to our NEOs, we are required to make various adjustments to

amounts

award

is earned, with actual amounts used for the year in which the award vests.



	2023						2022						2021

	PEO			Average for Non-PEO NEOs			PEO			Average for Non-PEO NEOs			PEO (Karsanbhai)			PEO (Farr)			Average for Non-PEO

SCT Total Compensation	$	18,317,194		$	4,795,129		$	15,178,106		$	5,294,490		$	15,806,036		$	15,066,763		$	5,524,580

Less: Stock Awards column in the SCT	$	(12,912,123	)	$	(2,271,575	)	$	(11,060,131	)	$	(3,015,166	)	$	(12,651,359	)	$	(11,599,962	)	$	(3,920,122	)

Less: Change in the Pension Value column of SCT	$	(11,000	)	$	(308,200	)	$	—		$	(494,250	)	$	(16,000	)	$	—		$	(171,200	)

Add: Fair value of unvested stock awards granted in FY, determined at FYE (a)	$	14,327,521		$	2,548,659		$	8,038,447		$	2,191,408		$	15,000,973		$	15,729,328		$	4,955,598

Change in fair value of outstanding and unvested stock awards granted in prior FYs from prior FYE to applicable FYE (b)	$	4,325,440		$	787,787		$	(3,760,581	)	$	(1,059,805	)	$	1,553,550		$	4,512,346		$	1,494,446

Change in fair value of stock awards granted during prior FYs that vested during the applicable FY, based on change in fair value from prior FY end to vesting date(c)	$	4,246,211		$	1,468,230		$	(568,314	)	$	(466,769	)	$	990,662		$	4,861,164		$	647,294

Add: Dividends paid during applicable FY prior to vesting date (to the extent not otherwise included) (d)	$	763,865		$	232,224		$	375,318		$	223,617		$	353,833		$	992,846		$	231,933

Add: Service cost for pension plans(e)	$	—		$	83,430		$	—		$	156,982		$	—		$	581,917		$	84,902

Add: Prior service cost for pension plans (f)	$	—		$	—		$	—		$	—		$	—		$	—		$	—

Compensation Actually Paid	$	29,057,107		$	7,335,684		$	8,202,846		$	2,830,506		$	21,037,695		$	30,144,401		$	8,847,430

(a)

For each fiscal year includes performance share awards granted that year. For fiscal 2021 and

fiscal

2022, also includes restricted stock awards granted that year. Amounts are computed in accordance with FASB ASC Topic 718 and do not correspond to the actual value that will be realized.

(b)

(c)

(d)

Includes the value of dividends on restricted stock and dividend equivalents on performance shares for each fiscal year prior to the vesting date.

(e)

Includes for each fiscal year, the service cost calculated as the actuarial present value of each NEO’s benefit under pension plans attributable to services rendered during the covered fiscal year.

(f)

periods

prior to the amendment (or initiation).

Non-PEO NEO Average Total Compensation Amount

$ 4,795,129

5,294,490

5,524,580

Non-PEO NEO Average Compensation Actually Paid Amount

$ 7,335,684

2,830,506

8,847,430

Adjustment to Non-PEO NEO Compensation Footnote

(2)

In determining the “compensation actually paid” to our NEOs, we are required to make various adjustments to

amounts

award

is earned, with actual amounts used for the year in which the award vests.



	2023						2022						2021

	PEO			Average for Non-PEO NEOs			PEO			Average for Non-PEO NEOs			PEO (Karsanbhai)			PEO (Farr)			Average for Non-PEO

SCT Total Compensation	$	18,317,194		$	4,795,129		$	15,178,106		$	5,294,490		$	15,806,036		$	15,066,763		$	5,524,580

Less: Stock Awards column in the SCT	$	(12,912,123	)	$	(2,271,575	)	$	(11,060,131	)	$	(3,015,166	)	$	(12,651,359	)	$	(11,599,962	)	$	(3,920,122	)

Less: Change in the Pension Value column of SCT	$	(11,000	)	$	(308,200	)	$	—		$	(494,250	)	$	(16,000	)	$	—		$	(171,200	)

Add: Fair value of unvested stock awards granted in FY, determined at FYE (a)	$	14,327,521		$	2,548,659		$	8,038,447		$	2,191,408		$	15,000,973		$	15,729,328		$	4,955,598

Change in fair value of outstanding and unvested stock awards granted in prior FYs from prior FYE to applicable FYE (b)	$	4,325,440		$	787,787		$	(3,760,581	)	$	(1,059,805	)	$	1,553,550		$	4,512,346		$	1,494,446

Change in fair value of stock awards granted during prior FYs that vested during the applicable FY, based on change in fair value from prior FY end to vesting date(c)	$	4,246,211		$	1,468,230		$	(568,314	)	$	(466,769	)	$	990,662		$	4,861,164		$	647,294

Add: Dividends paid during applicable FY prior to vesting date (to the extent not otherwise included) (d)	$	763,865		$	232,224		$	375,318		$	223,617		$	353,833		$	992,846		$	231,933

Add: Service cost for pension plans(e)	$	—		$	83,430		$	—		$	156,982		$	—		$	581,917		$	84,902

Add: Prior service cost for pension plans (f)	$	—		$	—		$	—		$	—		$	—		$	—		$	—

Compensation Actually Paid	$	29,057,107		$	7,335,684		$	8,202,846		$	2,830,506		$	21,037,695		$	30,144,401		$	8,847,430

(a)

For each fiscal year includes performance share awards granted that year. For fiscal 2021 and

fiscal

2022, also includes restricted stock awards granted that year. Amounts are computed in accordance with FASB ASC Topic 718 and do not correspond to the actual value that will be realized.

(b)

(c)

(d)

Includes the value of dividends on restricted stock and dividend equivalents on performance shares for each fiscal year prior to the vesting date.

(e)

Includes for each fiscal year, the service cost calculated as the actuarial present value of each NEO’s benefit under pension plans attributable to services rendered during the covered fiscal year.

(f)

periods

prior to the amendment (or initiation).

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

The following table lists the financial performance measures that, in the Company’s assessment, represent the most important financial performance measures used to link compensation actually paid to our NEOs, for fiscal 2023, to company performance:

Performance Measures

Adjusted EPS

Cumulative free cash flow

Operating cash flow

Total Shareholder Return Amount

$ 160.11

118.57

149.12

Peer Group Total Shareholder Return Amount

146.36

114.23

134.55