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

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 during the period and revenue recognized that was included in the Contract liabilities balance at the beginning of the period.In the six months ended March 31, 2025, we recognized revenue of approximately $506 million that was included in the Contract liabilities balance at September 30, 2024. In the six months ended March 31, 2024, we recognized revenue of approximately $405 million that was included in the Contract liabilities balance at September 30, 2023. We did not have a material amount of revenue recognized in the six months ended March 31, 2025 and 2024, from performance obligations satisfied or partially satisfied in previous periods.

3. Share-Based Compensation

We recognized $21 million and $44 million of pre-tax share-based compensation expense during the three and six months ended March 31, 2025, respectively. We recognized $27 million and $51 million of pre-tax share-based compensation expense during the three and six months ended March 31, 2024, respectively. Our annual grant of share-based compensation takes place during the first quarter of each year. The number of shares granted to employees and non-employee directors and the weighted average fair value per share during the periods presented were (in thousands, except per share amounts): Six Months Ended March 31, 20252024GrantsWtd. Avg.ShareFair ValueGrantsWtd. Avg.ShareFair ValueStock options190 $93 217 $86 Performance shares58 388 79 295 Restricted stock units89 296 238 276 Unrestricted stock6 297 6 278 

4. Inventories

Inventories consist of (in millions):March 31, 2025September 30, 2024Finished goods$416 $475 Work in process313 344 Raw materials446 474 Inventories$1,175 $1,293 

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

5. Acquisitions

2024 AcquisitionsIn October 2023, we acquired Clearpath Robotics, Inc., including its industrial division OTTO Motors (Clearpath), a company that specializes in autonomous robotics for industrial applications, headquartered in Ontario, Canada. We recorded assets acquired and liabilities assumed in connection with this acquisition based on their estimated fair values as of the acquisition date of October