Company: ROK
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001024478-25-000010
Chunk: 8

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 directors and the weighted average fair value per share during the periods presented were (in thousands, except per share amounts): Three Months Ended December 31, 20242023GrantsWtd. Avg.ShareFair ValueGrantsWtd. Avg.ShareFair ValueStock options190 $93 217 $86 Performance shares58 388 79 295 Restricted stock units86 296 235 276 Unrestricted stock6 297 5 280 

4. Inventories

Inventories consist of (in millions):December 31, 2024September 30, 2024Finished goods$446 $475 Work in process312 344 Raw materials476 474 Inventories$1,234 $1,293 

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 2, 2023. The aggregate purchase price allocation is as follows (in millions):Purchase Price AllocationReceivables$8 Inventory22 Goodwill 283 Intangible assets313 All other assets11 Total assets acquired637 Less: Deferred tax liability(9)Less: Liabilities assumed(19)Net assets acquired$609 Purchase ConsiderationCash consideration, net of cash acquired$566 Contingent consideration43 Total purchase consideration, net of cash acquired$609 

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

Intangible assets identified include $270 million of technology, $41 million of trademarks, and $2 million of customer relationships. We assigned the full amount of goodwill and all other assets acquired to our Intelligent Devices segment. The goodwill recorded represents intangible assets that do not qualify for separate recognition. This goodwill arises because the purchase price for Clearpath reflects a number of factors including the future earnings and cash flow potential for the business and resulting synergies from the business portfolio and industry expertise. We do not expect the goodwill to be deductible for tax purposes. The intangible assets were valued using an income approach, specifically the relief from royalty method and multi-period