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10-Q Filing

EMERSON ELECTRIC CO CIK: 32604 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000032604-22-000009
Period End Date 20211231
Filing Date 20220202
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance emr-20211231_htm.xml
Balance Sheet 69 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $116.00M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $112.00M USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.20B USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $3.31B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.20B shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.35B USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $4.73B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.20B shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 953.40M shares Point-in-time
Receivables, less allowances of $112 and $116, respectively AccountsReceivableNetCurrent $2.97B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 953.40M shares Point-in-time
Receivables, less allowances of $112 and $116, respectively AccountsReceivableNetCurrent $2.75B USD Point-in-time
Inventories InventoryNet $2.05B USD Point-in-time
Inventories InventoryNet $2.33B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 595.80M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 594.00M shares Point-in-time
Other current assets OtherAssetsCurrent $1.05B USD Point-in-time
Other current assets OtherAssetsCurrent $1.06B USD Point-in-time
Treasury stock, shares TreasuryStockShares 357.60M shares Point-in-time
Treasury stock, shares TreasuryStockShares 359.40M shares Point-in-time
Total current assets AssetsCurrent $8.43B USD Point-in-time
Total current assets AssetsCurrent $10.86B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.69B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.74B USD Point-in-time
Goodwill Goodwill $7.72B USD Point-in-time
Goodwill Goodwill $7.70B USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $2.88B USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $2.79B USD Point-in-time
Other OtherAssetsNoncurrent $1.93B USD Point-in-time
Other OtherAssetsNoncurrent $1.95B USD Point-in-time
Total other assets AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment $12.54B USD Point-in-time
Total other assets AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment $12.41B USD Point-in-time
Total assets Assets $26.96B USD Point-in-time
Total assets Assets $24.71B USD Point-in-time
Short-term borrowings and current maturities of long-term debt DebtCurrent $872.00M USD Point-in-time
Short-term borrowings and current maturities of long-term debt DebtCurrent $37.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.10B USD Point-in-time
Accounts payable AccountsPayableCurrent $2.11B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $3.27B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $3.19B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.33B USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.25B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $8.72B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.79B USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $2.75B USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $2.62B USD Point-in-time
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 594.0 shares and 595.8 shares, respectively CommonStockValue $477.00M USD Point-in-time
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 594.0 shares and 595.8 shares, respectively CommonStockValue $477.00M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $564.00M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $522.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $26.05B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $26.64B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-872.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-922.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.33B USD Point-in-time
Cost of common stock in treasury, 359.4 shares and 357.6 shares, respectively TreasuryStockValue $16.51B USD Point-in-time
Cost of common stock in treasury, 359.4 shares and 357.6 shares, respectively TreasuryStockValue $16.29B USD Point-in-time
Common stockholders equity StockholdersEquity $10.25B USD Point-in-time
Common stockholders equity StockholdersEquity $9.88B USD Point-in-time
Common stockholders equity StockholdersEquity $8.89B USD Point-in-time
Noncontrolling interests in subsidiaries MinorityInterest $39.00M USD Point-in-time
Noncontrolling interests in subsidiaries MinorityInterest $40.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.92B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.29B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.94B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $24.71B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $26.96B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Interest income InvestmentIncomeInterest $3.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00M USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.47B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.16B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.44B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.65B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $998.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.01B USD 1 Quarter
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT) GainFromPeriodicDistributionFromRetainedSubordinatedInterestInVertivVRT $453.00M USD 1 Quarter
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT) GainFromPeriodicDistributionFromRetainedSubordinatedInterestInVertivVRT - USD 1 Quarter
Other deductions, net OtherDeductionsNet $122.00M USD 1 Quarter
Other deductions, net OtherDeductionsNet $51.00M USD 1 Quarter
Interest expense (net of interest income of $3 and $2, respectively) InterestIncomeExpenseNonoperatingNet $-40.00M USD 1 Quarter
Interest expense (net of interest income of $3 and $2, respectively) InterestIncomeExpenseNonoperatingNet $-38.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $563.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.18B USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $111.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $280.00M USD 1 Quarter
Net earnings ProfitLoss $452.00M USD 1 Quarter
Net earnings ProfitLoss $895.00M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries NetIncomeLossAttributableToNoncontrollingInterest $7.00M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries NetIncomeLossAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Net earnings common stockholders NetIncomeLoss $896.00M USD 1 Quarter
Net earnings common stockholders NetIncomeLoss $445.00M USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $1.51 USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $0.74 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $1.50 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $0.74 USD 1 Quarter
Weighted Average Number of Shares Outstanding, Basic WeightedAverageNumberOfSharesOutstandingBasic 594.60M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Basic WeightedAverageNumberOfSharesOutstandingBasic 598.50M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 601.90M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 598.10M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $452.00M USD 1 Quarter
Net earnings ProfitLoss $895.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $231.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $244.00M USD 1 Quarter
Stock compensation ShareBasedCompensation $41.00M USD 1 Quarter
Stock compensation ShareBasedCompensation $64.00M USD 1 Quarter
Pension expense PensionExpenseReversalOfExpenseNoncash $8.00M USD 1 Quarter
Pension expense PensionExpenseReversalOfExpenseNoncash $1.00M USD 1 Quarter
Total changes in operating working capital IncreaseDecreaseInOperatingCapital $185.00M USD 1 Quarter
Total changes in operating working capital IncreaseDecreaseInOperatingCapital $-71.00M USD 1 Quarter
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT) GainFromPeriodicDistributionFromRetainedSubordinatedInterestInVertivVRT $453.00M USD 1 Quarter
Gain from periodic distribution from retained subordinated interest in Vertiv (VRT) GainFromPeriodicDistributionFromRetainedSubordinatedInterestInVertivVRT - USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-7.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-31.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $523.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $808.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $122.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $116.00M USD 1 Quarter
Purchases of businesses, net of cash and equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.61B USD 1 Quarter
Purchases of businesses, net of cash and equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $39.00M USD 1 Quarter
Periodic distribution from retained subordinated interest in Vertiv (VRT) PeriodicDistributionFromRetainedSubordinatedInterestInVertivVRT - USD 1 Quarter
Periodic distribution from retained subordinated interest in Vertiv (VRT) PeriodicDistributionFromRetainedSubordinatedInterestInVertivVRT $438.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-2.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-13.00M USD 1 Quarter
Cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.72B USD 1 Quarter
Cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $285.00M USD 1 Quarter
Net increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $340.00M USD 1 Quarter
Net increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-335.00M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $2.98B USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $301.00M USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $501.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $303.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $307.00M USD 1 Quarter
Purchases of common stock PaymentsForRepurchaseOfCommonStock $13.00M USD 1 Quarter
Purchases of common stock PaymentsForRepurchaseOfCommonStock $253.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $22.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $42.00M USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $1.60B USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-235.00M USD 1 Quarter
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-37.00M USD 1 Quarter
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.00M USD 1 Quarter
Increase (Decrease) in cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.12B USD 1 Quarter
Increase (Decrease) in cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $2.37B USD 1 Quarter
Beginning cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.20B USD Point-in-time
Beginning cash and equivalents CashAndCashEquivalentsAtCarryingValue $3.31B USD Point-in-time
Beginning cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.35B USD Point-in-time
Beginning cash and equivalents CashAndCashEquivalentsAtCarryingValue $4.73B USD Point-in-time
Ending cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.20B USD Point-in-time
Ending cash and equivalents CashAndCashEquivalentsAtCarryingValue $3.31B USD Point-in-time
Ending cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.35B USD Point-in-time
Ending cash and equivalents CashAndCashEquivalentsAtCarryingValue $4.73B USD Point-in-time
Receivables IncreaseDecreaseInReceivables $-217.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-232.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $37.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $302.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $-18.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $10.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $10.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-37.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-105.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-100.00M USD 1 Quarter
Total changes in operating working capital IncreaseDecreaseInOperatingCapital $185.00M USD 1 Quarter
Total changes in operating working capital IncreaseDecreaseInOperatingCapital $-71.00M USD 1 Quarter
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Dividends paid, per share CommonStockDividendsPerShareCashPaid $0.52 USD 1 Quarter
Dividends paid, per share CommonStockDividendsPerShareCashPaid $0.51 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.92B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.29B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.94B USD Point-in-time
Net earnings common stockholders NetIncomeLoss $896.00M USD 1 Quarter
Net earnings common stockholders NetIncomeLoss $445.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-72.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $189.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-18.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-27.00M USD 1 Quarter
Cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $4.00M USD 1 Quarter
Cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $31.00M USD 1 Quarter
Common stockholders' equity StockholdersEquity $10.25B USD Point-in-time
Common stockholders' equity StockholdersEquity $9.88B USD Point-in-time
Common stockholders' equity StockholdersEquity $8.89B USD Point-in-time
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $-50.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $247.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.92B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.29B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.94B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $452.00M USD 1 Quarter
Net earnings ProfitLoss $895.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-72.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $189.00M USD 1 Quarter
Pension and postretirement OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-18.00M USD 1 Quarter
Pension and postretirement OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-27.00M USD 1 Quarter
Cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $4.00M USD 1 Quarter
Cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $31.00M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-50.00M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $247.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $699.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $845.00M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $7.00M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Comprehensive income common stockholders ComprehensiveIncomeNetOfTax $692.00M USD 1 Quarter
Comprehensive income common stockholders ComprehensiveIncomeNetOfTax $846.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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