Company: ROK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001024478-25-000083
Chunk: 68

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 $538 million that was included in the Contract liabilities balance at September 30, 2024. In the nine months ended June 30, 2024, we recognized revenue of approximately $487 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 nine months ended June 30, 2025 and 2024, from performance obligations satisfied or partially satisfied in previous periods.

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

3. Share-Based Compensation

We recognized $21 million and $65 million of pre-tax share-based compensation expense during the three and nine months ended June 30, 2025, respectively. We recognized $24 million and $75 million of pre-tax share-based compensation expense during the three and nine months ended June 30, 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): Nine Months Ended June 30, 20252024GrantsWtd. Avg.ShareFair ValueGrantsWtd. Avg.ShareFair ValueStock options190 $93 217 $86 Performance shares58 388 79 295 Restricted stock units92 294 251 277 Unrestricted stock6 297 6 278 

4. Inventories

Inventories consist of (in millions):June 30, 2025September 30, 2024Finished goods$484 $475 Work in process335 344 Raw materials434 474 Inventories$1,253 $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