v3.25.2

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Sep. 30, 2024
Current assets
Cash and equivalents	$ 2,219	$ 3,588
Receivables, less allowances of $121 and $125, respectively	2,908	2,927
Inventories	2,288	2,180
Other current assets	1,657	1,497
Total current assets	9,072	10,192
Property, plant and equipment, net	2,791	2,807
Other assets
Goodwill	18,158	18,067
Other intangible assets	9,669	10,436
Other	2,827	2,744
Total other assets	30,654	31,247
Total assets	42,517	44,246
Current liabilities
Short-term borrowings and current maturities of long-term debt	5,953	532
Accounts payable	1,272	1,335
Accrued expenses	3,507	3,875
Total current liabilities	10,732	5,742
Long-term debt	8,278	7,155
Other liabilities	3,621	3,840
Equity
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 570.2 shares and 562.8 shares, respectively	477	477
Additional paid-in-capital	28	169
Retained earnings	40,265	40,830
Accumulated other comprehensive income (loss)	(850)	(868)
Cost of common stock in treasury, 383.2 shares and 390.6 shares, respectively	(20,050)	(18,972)
Common stockholders’ equity	19,870	21,636
Noncontrolling interests in subsidiaries	16	5,873
Total equity	19,886	27,509
Total liabilities and equity	$ 42,517	$ 44,246

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

EMERSON ELECTRIC CO 10-Q