Company: ROK
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001024478-25-000010
Chunk: 13

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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123 Other current liabilities$456 $476 

9. Investments

Our investments consist of (in millions):December 31, 2024September 30, 2024Fixed income securities$6 $— Equity securities (other)106 106 Other59 63 Total investments171 169 Less: Short-term investments (1)(6)— Long-term investments (2)$165 $169 (1) Short-term investments are included in Other current assets in the Consolidated Balance Sheet.(2) Long-term investments are included in Other assets in the Consolidated Balance Sheet.Equity SecuritiesEquity securities (other) consist of various securities that do not have a readily determinable fair value, which we account for using the measurement alternative under U.S. GAAP. These securities are recorded at the investment cost, less impairment, plus or minus observable price changes (in orderly transactions) of an identical or similar investment of the same issuer in the Consolidated Balance Sheet. Observable price changes are classified as level 2 in the fair value hierarchy, as described below. The carrying values at both December 31, 2024, and September 30, 2024, included cumulative upward adjustments from observed price changes of $23 million. The carrying values at December 31, 2024, and September 30, 2024, included cumulative downward adjustments from observed price changes and impairments of $8 million and $7 million, respectively.We record gains and losses on investments within the Change in fair value of investments line in the Consolidated Statement of Operations. There were no significant unrealized gains or losses on investments in the three months ended December 31, 2024. Total net unrealized gains on equity securities were $2 million in the three months ended December 31, 2023.U.S. GAAP defines fair value as the price that would be received for an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. U.S. GAAP also classifies the inputs used to measure fair value into the following hierarchy:Level 1: Quoted prices in active markets for identical assets or liabilities.Level 2: Quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability.Level 3: