Company: ROK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001024478-25-000035
Chunk: 22

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 21 percent for the three and six months ended March 31, 2024, primarily due to the geographical mix of pre-tax income and other discrete benefits.Our final payment of $97 million related to the U.S. transition tax under the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) will be paid in the second quarter of 2026 and is classified in Other current liabilities in the Consolidated Balance Sheet as of March 31, 2025. This amount was classified in Other liabilities in the Consolidated Balance Sheet as of September 30, 2024.Unrecognized Tax BenefitsThe amount of gross unrecognized tax benefits was $27 million at March 31, 2025, and $25 million at September 30, 2024, respectively, of which the entire amount would reduce our effective tax rate if recognized.Accrued interest and penalties related to unrecognized tax benefits were $2 million at both March 31, 2025 and September 30, 2024. We recognize interest and penalties related to unrecognized tax benefits in the income tax provision.We believe it is reasonably possible that the amount of gross unrecognized tax benefits could be reduced by up to $2 million in the next 12 months as a result of the resolution of tax matters in various global jurisdictions and the lapses of statutes of limitations. If all of the unrecognized tax benefits were recognized, the net reduction to our income tax provision, including the recognition of interest and penalties and offsetting tax assets, could be up to $3 million.We conduct business globally and are routinely audited by the various tax jurisdictions in which we operate. We are no longer subject to U.S. federal income tax examinations for years before 2018, state and local income tax examinations for years before 2014, and foreign income tax examinations for years before 2008.

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Table of ContentsROCKWELL AUTOMATION, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(Unaudited)

16. Business Segment Information

Sales and operating results of our reportable segments were (in millions): Three Months EndedMarch 31,Six Months EndedMarch 31, 2025202420252024SalesIntelligent Devices$896 $974 $1,702 $1,901 Software & Control568 569 1,097 1,173 Lifecycle Services537 583 1,083 1,104 Total$2,001 $2,126 $