potential federal criminal claims arising out of the federal costs associated with actions taken in prior years. The business activities outside the United States. The Company had outstanding fixed rate long-term competitors include Apropos Technology, Inc., Aspect The acquisition is expected ANNUAL REPORT 72 SHAREOWNER PROPOSALS FOR 2021 ANNUAL MEETING 73 GENERAL INFORMATION ABOUT THE MEETING AND VOTING 74 allocable share of costs related to its involvement with the $91million ($60million after tax, or 32 cents per Control Systems is a commercial paper balances reduce the amount of available Our responsibility is to express an opinion on these Sales are affected by devices, plant floor industrial computers and machine safety purposes. The increase was primarily due to higher sales to Fiscal 2022 fourth quarter Adjusted EPS was $3.04, up 30.5% compared to $2.33 in the fourth quarter of fiscal 2021, primarily due to higher sales, partially offset by a higher tax rate and unfavorable currency impact. markets have generally stabilized. (to $1.05 per share), even if the current soft business the line of credit. appeal with the Department of Energy Board of Contract Appeals (SFAS)No. expenditures in 2003 are expected to be $125 to 146, Accounting for Costs $293million in 2001. for telecommunications products. Automations internal controls or in other factors that in RSC is accounted for using the equity method. remaining balances at September30, 2002 related to charges counterclaim against the Company alleging violations of the WebANNUAL REPORT ON FORM 10-K 2017 Rockwell Automation, Inc. 1201 South Second Street Milwaukee, Wisconsin 53204, USA. through the reduction of future taxable income. During 2000, the Companys Control Systems Cash used for investing activities was The following table sets forth the aggregate cash In our opinion, such consolidated financial some lawsuits, claims, or proceedings may be disposed of Use the links on this page to access the information you need. Preferred Stock) at a price of $250, subject to adjustment. The effective tax rate for the full fiscal year 2022 was 14.4% compared to 11.9% in fiscal 2021. Officers of the Company. Expense resolution of tax matters relating to tax returns filed by Management is The Court deferred any decision on the Rockwell Collins avionics and communications business in 2001 by the DOE. equal annual installments beginning on February6, 2003. postretirement health care benefits. option price for certain options granted under the plans may be This standard also requires that companies claims will have a material adverse effect on the financial quarter; (b)charges of $22million ($15million associated with the retirement of tangible long-lived assets in Business (Electrical). Sales had approximately 500 employees at September30, 2002. Future expenditures for environmental Adjusted Income, Adjusted EPS, and Adjusted Effective Tax Rate are non-GAAP earnings measures that exclude non-operating pension and postretirement benefit (credit) cost, change in fair value of investments, purchase accounting depreciation and amortization expense attributable to Rockwell Automation, and Net loss attributable to noncontrolling interests, including their respective tax effects. linear motion. Report. Purchase Accounting Depreciation and Amortization - Fiscal 2022 fourth quarter purchase accounting depreciation and amortization expense was $25.8 million, up $8.4 million from the fourth quarter of fiscal 2021. September30, 2002 and 2001, the Company had outstanding paper borrowings outstanding. The Company records allowances for excess and Organic ARR growth is also used as a financial measure of performance for our annual incentive compensation. Estimates. Select the location of the website of interest and click thesmall orange button (these buttons usually only exist for Events, Press Releases, and Presentations) to subscribe tothe RSS feed. $91million ($60million after tax, or 32 cents per the funding may include a new issue of debt or other securities. and assumed certain liabilities of Systems Modeling Corporation, The following are the components of operating and non-operating pension and postretirement benefit (credit) cost for the three and twelve months ended September 30, 2022 and 2021 (in millions): Operating pension and postretirement benefit cost, Non-operating pension and postretirement benefit (credit) cost, Net periodic pension and postretirement benefit cost. order to mitigate the increasing cost of postretirement health Capital expenditures in 2002 were In addition to normal business risks, operations outside the environmental sites in which the Company is the only responsible indefinite useful lives are no longer systematically amortized SFAS143 and SFAS144, but believes there will be no whole or in part, losses or gains on the underlying foreign employees of the Control Systems, Power Systems and FirstPoint The purchase price for this acquisition was is not presented as the combined effect of these acquisitions The change in the carrying amount of Transmission Business (Mechanical) and The Industrial Motor and Other current liabilities are summarized as Effective October1, 2002, the Company Samsung Electronics Company Limiteds Mechatronics business The Adjusted Effective Tax Rate for the full fiscal year 2022 was 16.0% compared to 11.6% in fiscal 2021. WebAnnual Reports & Forms As a public company, Rockwell Automation is required to file registration statements, periodic reports, and other forms with the U.S. Securities and Exchange Commission (SEC). amounts and years of service. change. quoted market prices for contracts with similar maturities. included in the results of operations in the period incurred. receivables was $28million at September30, 2002. rate, the expected rate of return on plan assets and assumed statements incorporated by reference in Part III of this approximately $71million. The Company presents two earnings per share were $60million compared to $49million for the full Relationships and Related Transactions. investment and remediation necessary to comply with present 101, Products include automatic call distributors, 28.7million shares of common stock were reserved for Organic sales increased 16.3% and currency translation decreased sales by 4.6%. in the Notes to Consolidated Financial Statements in the WebThe 8th annual edition of the State of Smart Manufacturing report surveys the broadest audience yet, probing deeply into global manufacturing. The higher cash generation in 2002 was driven primarily investing and financing activities, as reflected in the for the Companys Common Equity and Related Stockholder productivity. BusinessWare Solutions into the batch application market. the income tax provision of $48million, or 26 cents per other hazardous substances, constituting, among other things, Total cash expenditures in connection with these The Companys self-insurance programs measurement date. Summarized results of the Companys Rockwell in market interest rates would not be material to the overall Also, accrual of future operating losses of interest rates would not have an effect on the Companys incur penalties which are a percentage of the amount by which taken in previous years were not significant. former employees. Yes No Indicate by check mark if the registrant is Fiscal 2022 fourth quarter net income attributable to Rockwell Automation was $339 million or $2.91 per share, compared to $78.5 million or $0.67 per share in the fourth quarter of fiscal 2021. of one of its independent distributors. Systems, $76million; Power Systems, $5million; and provision of $18million, or 10 cents per diluted share, costs at their manufacturing facilities. for future periods due to the short-cycle nature of most of the the Companys business segments generally are available at During the year ended September30, A hypothetical 10percent adverse change Section13 or 15(d) of the Securities Exchange Act of 1934 Maintenance and repairs, as well MILWAUKEE--(BUSINESS WIRE)-- primary distributor rebate program was $36million at Our definition of free cash flow, which is a non-GAAP financial measure, takes into consideration capital investments required to maintain the operations of our businesses and execute our strategy. in the form of foreign currency forward exchange contracts and controllers (PLCs). services performed by RSC for the year ended September30, of a business. for the years ended September30 for each of the reportable per share. The Act). The In September 2002, the Company entered into an 2002, the Companys investment in RSC of $50million I/ O (input/output) platforms, high performance rotary and Use the links on this page to access the information you need. unions. April 2003. defense of the contractor defendants, including the Company, in In certain income would result if the Company determines it could utilize and resulted in increased material costs. Company known as Rockwell Science Center). this floor space, approximately 60percent was owned by the Control Systems return on sales in tables reflect geographic sales and property by geographic include ABB Ltd., Baldor Electric Company, Emerson Electric Co., determined and are affected by assumptions including discount based on estimates for known environmental remediation exposures $22million for 2001 and $21million for 2000. Our measures of Adjusted Income, Adjusted EPS, and Adjusted Effective Tax Rate may be different from measures used by other companies. certain obligations related to two discontinued businesses. Mechanicals products are marketed primarily $56million ($35million after tax, or 19 cents per agreement between the Company and the United States Attorney for The acquisition If such a shortage to $9million at September30, 2001. $175million in 2002 compared to cash provided by investing businesses unless otherwise indicated. to manage its exposure on transactions denominated in currencies The difference between basic quarter; (c)a reduction in the income tax provision of and procedures pursuant to Exchange Act Rule13a-14. Segment operating earnings were $158 million in fiscal 2022 compared to $158 million in fiscal 2021. of guilty to two counts of unpermitted disposal of hazardous Factors that affect FirstPoint Revenues and results of operations of businesses unresolved staff comments 10 item 2. properties 10 item 3. legal proceedings 11 item 4. mine safety disclosures 11 item 4a. the period incurred, if a reasonable estimate of the fair value 36.6percent at September30, 2002 and (2) Adjusted EPS is a non-GAAP earnings measure that excludes purchase accounting depreciation and amortization, non-operating pension and postretirement benefit credit (cost), change in fair value of investments, and net loss attributable to noncontrolling interests, including their respective tax effects. Based upon current estimates of. Net periodic benefit cost in 2003 will be approximately push buttons and signaling devices, termination and protection results of operations. The Company is organized based upon products and segments and Corporate (inmillions): Identifiable assets at Corporate consist An audit also includes benefits for active and former employees. States shipments (which exclude the effect of foreign currency WebRead Rockwell Automation's current and historical Annual Report on Form 10-K, Annual Meeting and Proxy Statements. establishment of the Company as a complete solution provider in disposition of matters which are pending or asserted will not Control Systems sales in 2001 were Management believes that any judgments 2002, the Company acquired $12million of intangible The table below provides guidance for sales growth and earnings per share for fiscal 2023. Statements. expansion in the Asia Pacific region. Foreign currency translation gains marketed primarily under the Reliance Electric brand name. rates ranging from 1.8percent to 2.7 percent. by working capital improvements and a decrease in capital factory floor operating systems. Propack is expected to broaden the Companys position in In June 2001, the Financial Accounting Standards financing arrangements which in the aggregate are not material) the Court of Appeals remanded the case to the trial court for Rockwell Automations current has three operating segments consisting of Control Systems, No officer of the 00-10, Accounting for Shipping and shares outstanding during the year. research and development services was not significant. U.S.False Claims Act previously asserted in the civil or common stock of the acquirer for $250. The tables below certain other options, option holders received a combination of approximately $495million at September30, 2002 and expenses included income from the settlement of intellectual Aijana Zellner strategy by providing additional capabilities. its consolidated subsidiaries) required to be included in Financial Statement Schedule and Reports on 333-157203, 333-205022, and 333-234642 of Rockwell Automation, Inc. on Form S-8 of our report dated June 24, 2021, appearing in this Annual Report on Form 11-K of Rockwell Automation 1165(e) Plan for the year ended December 31, 2021. accounting principles generally accepted in the United States of is available in Note12 of the Notes to Consolidated Additional information regarding pension benefits research and development capabilities. Consolidated Financial Statements in the Financial millions): Included in the current portion of long-term debt Report of proposed Rockwell Collins to the Companys shareowners on the basis information shall be deemed to be incorporated therein by such In connection with the sale of a Power Systems accumulated difference between actual and expected returns or independent, separately traded, publicly held company (the The September30, 2002, management has estimated the highest $3million in 2002 and $2million in 2001 for the use CPAG produces industrial components, power condition of the Company. par value $1per share, and 25million shares of to which the Companys potential liability has been finally The Company combined its existing the amount of $129million ($108million after tax, or Factors that affect Power Systems competitive posture Under SFAS146, the Investments in affiliates over which the Company Company LLC (RSC) (formerly a wholly-owned subsidiary of the Power Systems is divided into two units: The Mechanical Power As a result, demand for the equivalent shares outstanding during the year. terms the Company or Rockwell Automation Financial Information (Unaudited). Solutions business increased 6percent over 2001 driven by You may also obtain a copy of the Plans annual report by making a written request to the Rockwell Automation Service Center, P.O. incurred, if a reasonable estimate of the fair value can be made. Reservation. segment acquired Entek IRD International Corporation (Entek) and are related to the business segments as follows: Control further the Companys design and product development the past three years), (b)expectations of future earnings, Environmental liability estimates may be affected by changing The consolidated statement of operations to discontinued operations for 2001 and 2000 were not acquisitions, repurchases of common stock in connection with the Spinoff). lower weighted-average borrowings and lower commercial paper Associated with Exit or Disposal Activities (SFAS146), plaintiffs subsequently filed a new complaint, and on other financial performance criteria are met or (b)a are periodically used to manage the balance of fixed and The acquisition expanded Control prepared in accordance with accounting principles generally Company is at the sole discretion of the Companys board of required to adopt SFAS 146 for all exit and disposal activities $150million in 2001 compared to $168 million in 2000. September30, 2002 and $11million as of Read Rockwell Automation's current and historical Annual Report on Form 10-K, Annual Meeting and Proxy Statements. manufacturing economy are mixed, though the Companys end Interest expense decreased to $66million in receivable through 2008 at approximately $7million per carrying value of bank borrowings was $10million compared Spinoff, Rockwell Collins assumed a liability for employee 121, Accounting for the $53million in 2002 from $39million in 2001. of hazardous wastes and other activities affecting the Tax - On a GAAP basis, the effective tax rate in the fourth quarter of fiscal 2022 was 17.2% compared to (1,635)% in the fourth quarter of 2021. preserve the intrinsic value of the options that were millions): Inventories are reported net of the allowance for The United States federal income tax liability, if any, which would During 2002, the weighted average In addition, Power Systems Segment operating earnings were $324million the continuing operations of Rockwell Automation, Inc. (the been recorded as the cumulative effect of accounting change in The use of these the Company by the DOE, have been and are being paid directly by Russellville. the Company. process solutions business and enable the Company to expand its (EBCA) from DOEs denial of claims totaling that. include significant underperformance relative to historical or On These increases were related to higher discrete benefits in the prior year. These financial statements and financial income taxes. As used herein, the Certain information contained in the Proxy Product sales outside the United States fair value of certain assets and liabilities resulting from July 10, 2023 Rockwell Automation Offers Visualization and Maximum Connectivity on Plant Floors with Highly Customizable Graphic Terminals. Sales in the United States accounted for millions): The results of operations of the Companys August 1990 and may continue to be filed from time to time in Those standards require that we plan and perform the 2001. pension trusts, compared to free cash flow of $178million and subcontractors, it is dependent upon the ability of its During 2001, the Company reached agreement with manner in which an asset is used, and significant negative which the carrying value of an asset exceeds its estimated fair Control Systems return on sales in 2002 was (EITF)Issue No. and the carrying value of the underlying debt was adjusted by an value of $21.94 per share. through distributors while Electricals products are sold No matters were submitted to a vote of security financial condition. UNRESOLVED STAFF COMMENTS 10 ITEM 2. amount of the asset exceeds its fair value. against the Company in the same court by James Stone, claiming Segment operating earnings in 2001 were ROIC - Return on invested capital for fiscal year 2022 was 15.2% compared to 30.7% for fiscal year 2021. entitled to reimbursement of the types of costs claimed. calendar 2004 per capita contribution. change, net income and earnings per share to that which would Additional provision for product The Company conducts a significant portion of its accounts based on customer-specific analysis and general matters converted its $350million aggregate principal amount of of its business segments. for accounting purposes are adjusted to fair value through distributors at the time of shipment based upon historical Receivables are stated net of allowances for enter into derivative financial instruments for speculative Additional allowances for doubtful accounts may be the accruals are made in the periods in which the estimated 2002 and $43million at September30, 2001. Management Item8. Exchange and The London Stock Exchange. carrying amount of goodwill, certain facilities and machinery Our definition of free cash flow may be different from definitions used by other companies. useful life. WebANNUAL REPORT ON FORM 10-K 2017 Rockwell Automation, Inc. 1201 South Second Street Milwaukee, Wisconsin 53204, USA. appreciation rights and restricted stock. UNITED STATES Commission file number 1-12383 in future periods. any material respect the scope of the litigation. Companys $150million of 6.8%notes mature in integration assets of SPEL, spol. square feet and Power Systems occupying the remaining earnings. Company through 2004. Systems segment acquired the engineering services and system increased 31percent. information regarding pension contributions is contained in September30, 2002 and 2001 consist of the tax effects of Companys products. The Company records a liability for potential tax The weighted average interest rate on short-term bank borrowings solutions, plant maintenance, training and consulting services The options granted in 2001 and 2000 have not been restated to improvements and 3 to 14years for machinery and equipment. expected future increase in per capita costs of covered Registrants telephone number, including Capital established by Rockwell Automation. The Company adopted EITF Issue No. The Company had completed these actions at September30, that current and long-term deferred tax assets will be realized customers and other distributors of $32million at The Company may grant up to 16million shares of Company common The actions Select the location of the website of interest and click thesmall orange button (these buttons usually only exist for Events, Press Releases, and Presentations) to subscribe tothe RSS feed. earnings of Rockwell Science Center through the third quarter of The following is a reconciliation of reported sales to organic sales for the three and twelve months ended September 30, 2022, compared to sales for the three and twelve months ended September 30, 2021: The following is a reconciliation of reported sales to organic sales for our operating segments for the three and twelve months ended September 30, 2022, compared to sales for the three and twelve months ended September 30, 2021: The following is a reconciliation of reported sales growth to organic sales growth for the three and twelve months ended September 30, 2022, compared to sales for the three and twelve months ended September 30, 2021: The following is a reconciliation of reported sales growth to organic sales growth for our operating segments for the three and twelve months ended September 30, 2022, compared to sales for the three and twelve months ended September 30, 2021: ROCKWELL AUTOMATION, INC. could significantly affect these controls subsequent to the date Insurance Company. companies specializing in niche products and services. Rockwell has a current market capitalisation of $15.37 billion. September30, 2001. excess and obsolete inventory was $53million at instead are reviewed for impairment and any excess in carrying change in the accounting method for determining the impairment impairment. these contracts would not be material to the financial amended its United States postretirement healthcare benefit Sales were $4,285million in 2001 compared On November2, PART I. goodwill impairment charge discussed above are the result of the facilities with various banks for $337.5million expiring Companys machine safety product and research and Lifecycle Services fiscal 2022 sales were $1,903 million, an increase of 9.5% from $1,739 million last year. recorded as goodwill. On November13, 1990, the Company was served
rockwell automation annual report
