Company: ROK
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001024478-25-000010
Chunk: 71

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 2024, is recorded in Other liabilities in the Consolidated Balance Sheet.Unrecognized Tax BenefitsThe amount of gross unrecognized tax benefits was $26 million at December 31, 2024, 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 December 31, 2024 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 EndedDecember 31, 20242023SalesIntelligent Devices$806 $927 Software & Control529 604 Lifecycle Services546 521 Total$1,881 $2,052 Segment operating earningsIntelligent Devices$120 $150 Software & Control133 151 Lifecycle Services68 55 Total321 356 Purchase accounting depreciation and amortization(35)(36)Corporate and other(38)(40)Non-operating pension and postretirement benefit credit— 5 Change in fair value of investments— 3 Interest expense, net(35)(28)Income before income taxes$213 $260 Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before purchase accounting depreciation and amortization, corporate and other, non-operating pension and postretirement benefit credit, change in fair value of investments, interest expense, net, and income