$EMR

EMERSON ELECTRIC CO

CIK:0000032604|SEC Filings

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 4,873	$ 4,553	$ 13,781	$ 13,161
Cost of sales	2,218	2,160	6,393	6,161
Selling, general and administrative expenses	1,343	1,266	3,902	3,773
Other deductions, net	311	298	744	944
Interest expense (net of interest income of $31, $25, $120 and $77, respectively)	85	95	258	145
Earnings from continuing operations before income taxes	916	734	2,484	2,138
Income taxes	198	154	542	536
Earnings from continuing operations	718	580	1,942	1,602
Earnings from discontinued operations, net of tax	0	6	0	7
Net earnings	718	586	1,942	1,609
Less: Noncontrolling interests in subsidiaries	0	0	1	(48)
Net earnings common stockholders	718	586	1,941	1,657
Earnings from continuing operations	718	580	1,941	1,650
Discontinued operations	$ 0	$ 6	$ 0	$ 7
Basic earnings per share common stockholders
Earnings from continuing operations, basic (in dollars per share)	$ 1.28	$ 1.03	$ 3.46	$ 2.92
Discontinued operations, basic (in dollars per share)	0	0.01	0	0.01
Basic earnings per common share (in dollars per share)	1.28	1.04	3.46	2.93
Diluted earnings per share common stockholders:
Earnings from continuing operations, diluted (in dollars per share)	1.28	1.03	3.45	2.91
Discontinued operations, diluted (in dollars per share)	0	0.01	0	0.01
Diluted earnings per common share (in dollars per share)	$ 1.28	$ 1.04	$ 3.45	$ 2.92
Weighted average outstanding shares:
Basic (in shares)	558.8	562.1	560.4	564.5
Diluted (in shares)	561.1	564.7	562.7	567.1

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net earnings	$ 1,942	$ 1,609
Earnings from discontinued operations, net of tax	0	(7)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,105	1,139
Stock compensation	181	198
Changes in operating working capital	(320)	(80)
Other, net	(6)	(195)
Cash from continuing operations	2,902	2,664
Cash from discontinued operations	0	(576)
Cash provided by operating activities	2,902	2,088
Investing activities
Capital expenditures	(284)	(263)
Purchases of businesses, net of cash and equivalents acquired	0	(36)
Other, net	(38)	(94)
Cash used in investing activities	(322)	(393)
Financing activities
Net increase in short-term borrowings	1,434	1,419
Proceeds from short-term borrowings greater than three months	6,229	5,292
Payments on short-term borrowings greater than three months	(7,028)	(1,349)
Proceeds from long-term debt	0	1,544
Payments of long-term debt	(588)	(503)
Dividends paid	(935)	(895)
Purchases of common stock	(898)	(1,147)
Purchase of noncontrolling interest	0	(7,244)
Settlement of AspenTech share awards	0	(76)
Other, net	(134)	(60)
Cash used in financing activities	(1,920)	(3,019)
Effect of exchange rate changes on cash and equivalents	(24)	(45)
Increase (decrease) in cash and equivalents	636	(1,369)
Beginning cash and equivalents	1,544	3,588
Ending cash and equivalents	2,180	2,219
Changes in operating working capital
Receivables	20	19
Inventories	(311)	(91)
Other current assets	(194)	(113)
Accounts payable	221	(62)
Accrued expenses	(56)	167
Total changes in operating working capital	$ (320)	$ (80)

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash and equivalents	$ 2,180	$ 1,544
Receivables, less allowances of $123 and $130, respectively	3,057	3,101
Inventories	2,513	2,213
Other current assets	1,905	1,725
Total current assets	9,655	8,583
Property, plant and equipment, net	2,861	2,871
Other assets
Goodwill	18,122	18,193
Other intangible assets	8,686	9,458
Other	2,884	2,859
Total other assets	29,692	30,510
Total assets	42,208	41,964
Current liabilities
Short-term borrowings and current maturities of long-term debt	5,587	4,797
Accounts payable	1,613	1,384
Accrued expenses	3,572	3,616
Total current liabilities	10,772	9,797
Long-term debt	7,526	8,319
Other liabilities	3,516	3,550
Equity
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 562.8 shares and 557.8 shares, respectively	477	477
Additional paid-in-capital	111	85
Retained earnings	41,582	40,603
Accumulated other comprehensive income (loss)	(895)	(821)
Cost of common stock in treasury, 390.6 shares and 395.6 shares, respectively	(20,896)	(20,062)
Common stockholders’ equity	20,379	20,282
Noncontrolling interests in subsidiaries	15	16
Total equity	20,394	20,298
Total liabilities and equity	$ 42,208	$ 41,964