ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Consideration

The following table summarizes the components of the purchase consideration reflected in the acquisition accounting for NI.


Cash paid to acquire remaining NI shares not already owned by Emerson	$	7,833
Payoff of NI debt at closing	634
Total consideration paid in cash at closing	8,467
Fair value of NI shares already owned by Emerson prior to acquisition	137
Value of stock-based compensation awards attributable to pre-combination service	49
Total purchase consideration	$	8,653

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total purchase consideration for NI was allocated to assets and liabilities as follows. Valuations of acquired assets and liabilities are in-process and subject to refinement.


Cash and equivalents	$	135
Receivables	310
Inventory	514
Other current assets	139
Property, plant and equipment	328
Goodwill ($130 expected to be tax-deductible)	3,407
Other intangible assets	5,275
Other assets	120
Total assets	10,228

Accounts payable	52
Accrued expenses	326
Deferred taxes and other liabilities	1,197
Total purchase consideration	$	8,653

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The estimated intangible assets attributable to the transaction are comprised of the following (in millions):


	Amount		Estimated Weighted Average Life (Years)
Developed technology	$	1,570	9
Customer relationships	3,360		15
Trade names	210		9
Backlog	135		1
Total	$	5,275

Schedule of Business Acquisition Pro Forma Information

The following unaudited proforma consolidated condensed financial results of operations are presented as if the acquisition of NI occurred on October 1, 2022. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time ($ in millions, except per share amounts).


	Three Months Ended March 31,			Six Months Ended March 31,
	2023		2024	2023		2024
Net Sales	$	4,193	4,376	$	8,014	8,512
Net earnings from continuing operations common stockholders	$	447	530	$	306	950
Diluted earnings per share from continuing operations	$	0.77	0.92	$	0.53	1.65