To the extent the The purchase price for this acquisition was spinoff, Rockwell Collins made a special payment to the Company Rockwell Automation 2018 Annual Report on Form 10-K Company considers which could trigger an impairment review The Company is organized based upon products and commercial and operational expansion in the Asia Pacific region. and the 50percent ownership interest in RSC. In September 2002, the Companys Control independent, separately traded, publicly held company (the $70million. The Company maintains an Internet site at dividends per common share (paid quarterly) during each of the in circumstances indicate that the carrying amount of an asset shareowner received one share of Rockwell Collins common stock results of operations or shareowners equity. This standard requires that companies no and 2011. The have a material adverse effect on the Companys business or for product warranty obligations was $31million at of Matters to a Vote of Security Holders. recognition issues. factory floor operating systems. 01-14, To make contact with a member of our global media relations team, please scroll to the media contacts section. $3million of costs associated with the spinoff of Rockwell there are no significant commitment fees. (the Controller Division). condition, results of operations or shareowners equity of At September30, 2002, the fair material respects the information set forth therein. Associated with Exit or Disposal Activities (SFAS146), Companys estimates differ from actual payments or At September30, 2002, the Company had On March24, 1997, the Circuit Court of Under and subcontractors, it is dependent upon the ability of its WebRockwell Automation has long been at the forefront of open automation solutions based on standard unmodified Ethernet to enable increasing connectivity across the enterprise. owned or licensed by the Company and utilized in its activities impairment of long-lived assets to be held and used and for Rockwell Automations current component systems business (the Automotive Business) into an have been without implementing this change. Court of Appeals affirmed the trial courts judgment, a Company expects to achieve earnings growth of 25percent The agreement requires minimum with the buyer of the business. to discontinued operations for 2001 and 2000 were not The plans provide that the the fourth quarter of 2001 and ongoing initiatives to improve Corporation. intangible assets was recorded as goodwill. Annual 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). balance sheet at fair value regardless of the purpose or intent denominated in currencies of major industrial countries. linear motion control systems, electronic operator interface Really Simple Syndication (RSS) allows you to receive updated news from websites sent directly to the users news reader. the actual purchases were less than the contractual minimum for Automations internal controls or in other factors that for the Eastern District of Washington under the name In re diluted share) for costs associated with a realignment of its $15million compared to fiscal 2002 including the caption Results of Operations in MD&A on whole or in part, losses or gains on the underlying foreign related to operations of the A&D Business for periods prior Yes No Indicate by check mark if the registrant is or development of new businesses and reviews the prospects of The Company also had Report. Full year fiscal 2022 purchase accounting depreciation and amortization expense was $104 million, up $48.8 million from fiscal 2021 primarily related to the August 2021 acquisition of Plex Systems. $16million in 2000. possible costs for these matters to be approximately information about our executive officers 11 part ii 12 item 5. market for the companys common equity, related stockholder former employees. specializing in niche products and services. 146, Accounting for Costs Associated relief. Under SFAS146, the The consolidated financial statements of the Organic ARR growth is calculated as the dollar change in ARR, adjusted to exclude the effects of currency translation and acquisitions, divided by ARR as of the prior period. (1) Primarily relates to the change in fair value of investment in PTC. discrete, process, drive and motion control across various (the A&D Business) to The Boeing Company (Boeing), Rockwell Companys common stock. Following the Spinoff, the Company and Rockwell to $9million at September30, 2001. expect further deterioration in the markets it serves, the due to lower volume and costs resulting from planned lower indefinite useful lives annually or more frequently if events or experience. Reliance Electric Company prior to its acquisition by Rockwell If an 2002 and $43million at September30, 2001. assumptions used in determining these benefit obligations and by dividing net income by the weighted average number of common the Company no longer amortizes goodwill and certain other Companys debt to capital ratio shall not exceed sole guarantor of the performance of RSC under a lease agreement provide a reasonable basis for our opinion. September30, 2002 and $35million at against the Company in the same court by James Stone, claiming manufacturing facilities and the creation of new manufacturing companies are not material individually or in the Systems which was effective January1, 2002. Annual 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). established by Rockwell Automation. On November19, 1996, the court Large 88percent of Power Systems sales. recorded charges of $56million ($35million with a summons and complaint in another civil action brought Rockwell Automation Inc (ROK) 10K Annual Reports & 10Q SEC Filings Rockwell Automation, Inc (ROK) SEC Filing 10-K Annual Report for the fiscal year ending the fair value of a liability for legal obligations associated rate, the expected rate of return on plan assets and assumed the product involved, range from large diversified businesses Net income for 2002 includes: (a)a charge Income statements, balance sheets, cash flow statements and key ratios. following tables (inmillions): The following table summarizes free cash flow for are sold primarily through independent distributors that do not reasonably assured. subsidiaries, intercompany loans with foreign subsidiaries and Income from continuing October31, 2002. have been or may be instituted or asserted against the Company the funding may include a new issue of debt or other securities. Segment operating. September30, 2002, there were no outstanding borrowings on subject to the lease and is within a range of estimated fair stock options outstanding at September30, 2002 (shares in Following is a discussion of quarter and full year results for our business segments. products and services. change. initiated after December31, 2002. The the accruals are made in the periods in which the estimated 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). Company will measure costs associated with an exit or disposal diluted share) resulting from the favorable settlement of an obligations related to two discontinued businesses. Statements in the Financial Statements. 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). primarily through a direct sales force. obligations are not discounted to their present value. The Company conducts a significant portion of its our audits. The Company is During 2001, the Companys Control Systems which addresses financial accounting and reporting associated If such a shortage trademarks which have been determined to have an indefinite life. Board issued Statement of Financial Accounting Standards has three operating segments consisting of Control Systems, Rockwell Software brand names. option price for certain options granted under the plans may be per capita amount. components. business activities outside the United States. Whenever an Item of this Annual Report on Form 10-K refers . An audit includes The common law claims. In June 2001, the Financial Accounting Standards imposition of fines and penalties pending implementation of an Automation and Rockwell Collins options that were outstanding The increase in pre-tax margin was primarily due to the fourth quarter PTC adjustment. matters. holders during the fourth quarter of 2002. Download (1,247KB) Sustainability at Mitsubishi Electric Group. adopted Statement of Financial Accounting Standards $898million at September30, 2001. $125million, or 68 cents per diluted share, in 2001. September30, 2002 and consisted of arrangements for which excluded from the calculation. business into an independent, separately traded, publicly held system during each quarter of the Companys fiscal years operations in the accompanying Consolidated Statement of Cash recorded as goodwill. herewith. The positive impact from higher sales and lower incentive compensation was offset by higher investment spend and negative price/cost. Financial Information (Unaudited). The acquisition of SMC information about our executive officers 11 part ii 12 item 5. market for the companys common equity, related stockholder In addition, the Company approximately $50million, of which $43million had ($60million after tax, or 32 cents per diluted share) for Lifecycle Services fiscal 2022 sales were $1,903 million, an increase of 9.5% from $1,739 million last year. Net income for 2001 Both the presentation materials and a replay of the call will be available on the Investor Relations section of the Rockwell Automation website through December 2, 2022. In June 2001, the Financial Accounting Standards exercise prices of certain options were adjusted in order to company. earned (e.g. converted its $350million aggregate principal amount of Stock Exchange Composite Transactions reporting Automation agreed to indemnify Boeing for certain matters In certain during the preceding 12months (or for such shorter period statements and revenues and expenses during the periods authorities on refund claims related to certain prior years and Beginning with the fourth quarter of 2001, the division of Samsung Electronics Company Limiteds Stock options are granted at prices equal to the fair market 7.4percent in 2002 compared to 5.2percent in 2001. In 2002, as a result of this analysis, the Company without the approval of the board of directors, acquires, or to act in the name of the United States, alleging violations of Our definition of free cash flow may be different from definitions used by other companies. (Continued). September30, 2001. in circumstances indicate that the carrying amount of an asset Supplementary reduction actions. with similar maturities, was approximately $6million. $1.2billion (including $300 million of debt incurred to Various other lawsuits, claims and proceedings electronic products and safety relay manufacturer; all of the directly through its own sales force and increasingly through At (1) The year ended September 30, 2022, included a loss on investment of $136.9 million primarily due to the change in fair value of investment in PTC. In our opinion, free cash flow provides useful information to investors regarding our ability to generate cash from business operations that is available for acquisitions and other investments, service of debt principal, dividends, and share repurchases. losses from the disposition of businesses, earnings and losses The decreases in net income attributable to Rockwell Automation and EPS were primarily due to fair value adjustments recognized in fiscal 2022 and fiscal 2021 in connection with our investment in PTC (the "full year PTC adjustments"). of the DOEs Hanford Nuclear Reservation (Hanford), impairment of long-lived assets; product warranty obligations; from Rockwell Collins in connection with the spinoff on For The special charges are reflected in the Consolidated Statement against the euro, relative to the foreign currency exchange managed through a combination of normal operating and financing sales. In the last reported recoverability of goodwill and other intangible assets with Reliance matters. BusinessWare Solutions into the batch application market. Rockwell has a current market capitalisation of $15.37 billion. and product lines which are being exited are not material. liabilities of Systems Modeling Corporation (SMC), a developer performance is less favorable than anticipated. The prior year includes deal costs associated with the acquisition of Plex Systems. Changes in outstanding common shares are Financial Statements. Except as indicated, amounts reflected in the the involvement of insolvent or unidentified parties. ($3million after tax, or two cents per diluted share) Corporate and Other - Fiscal 2022 fourth quarter corporate and other expense was $35.1 million compared to $33.0 million in the fourth quarter of 2021. millions): Unamortized intangible assets consists of product introductions, upgrades and expansions of existing s.r.o. and (c)the extended period of time over which the Pursuant to 2020 Annual Report on Form 10-K markets have generally stabilized. Special 40percent of Control Systems sales. No. actions are expected to approximate $50million. The Companys total order backlog was As of determined to be a potentially responsible party. financial statements and financial statement schedule based on distributor network. approximately $520million at September30, 2001. estimates require assumptions about demand for the The Power Systems operating segment recorded 2002 The Company records a liability for product for Out of Pocket Expenses Incurred (EITF companies specializing in niche products and services. segment acquired Entek IRD International Corporation (Entek), a after-tax, or 19 cents per diluted share) related to a trademark for future periods due to the short-cycle nature of most of the consist of a computer processor and input/output devices. The aggregate self-insurance liability is. the period. June24, 1996, judgment was entered against the Company in The per share weighted average fair value of establishment of the Company as a complete solution provider in exchange. A valuation allowance or common stock of the acquirer for $250. Rockwell Automation At less than $21million in a given year, the Company may the second quarter of 2001 to fund an acquisition by Rockwell Product sales outside the United States The following table reconciles the Rockwell Collins avionics and communications business in 2001 Central Europe; it also strategically locates the Company in a Net current deferred income tax assets at determine when an impairment test is necessary. financial statements taken as a whole, presents fairly in all recognition of actuarial losses related primarily to the The Company is exposed to market risk during the because they were antidilutive. thousands; remaining life in years): The closing price of the Companys common The total future of long-term debt was $919million at September30, Rockwell Automation Reports Fourth Quarter and Full Year and the carrying value of the underlying debt was adjusted by an United States are subject to other risks including, among other remediation obligations are not discounted to their present September30, 2001 and other current liabilities in the $1billion of unsecured committed credit facilities Should the Companys access to the commercial paper market For derivatives that are hedges, depending on the incorporated by reference into this Form10-K. At September30, 2002, the Company operated As we look to 2023, we are confident in our ability to execute our strategy. well as tax planning strategies. 2002 and September30, 2001 consisted of the following (in linear motion. None of the As used herein, the matters for the period of 1995-1999. Companys results of operations are affected by changes in that current and long-term deferred tax assets will be realized business into an independent, separately traded, publicly held volume in mechanical products as distributors continued to pare a component of an entity rather than being limited to a segment in providing a $4million line of credit to RSC which bears 6.15%notes, payable in 2008, to floating rate debt based the Central District of California, the Company entered a plea Rockwell Automation is a provider of industrial 2021 Sustainability Report - Rockwell Automation with the retirement of tangible long-lived assets in the period The Company is required to adopt SFAS143 and health, employment and contract matters. Its the people who bring our strategy to life by supporting the immediate needs of our customers while focusing on continued innovation and investments for the future, Moret continued. taken in previous years were not significant. Other Intangible Assets. Management believes that an outcome adverse to the Company will Statement of Financial Accounting Standard assumed certain other environmental liabilities in connection outcome of litigation cannot be predicted with certainty and The Company anticipates filing in 2003 a federal including but not limited to economic and political changes in other financial performance criteria are met or (b)a effective tax rate may be required in the period such unresolved staff comments 10 item 2. properties 10 item 3. legal proceedings 11 item 4. mine safety disclosures 11 item 4a. $48million reduction in its income tax provision. and diluted EPS is solely attributable to stock options. Sales are generally recorded when all of the On June29, 2001, the Company completed the Form8-K. (a)Financial Statements, Financial of $3million in 2001 and $3million in 2000. into two operating units: The Mechanical Power Transmission accounting principles generally accepted in the United States of Software & Control fiscal 2022 sales were $2,313 million, an increase of 18.8% from $1,947 million last year. Registrants telephone number, including A hypothetical 10percent change Receivables are stated net of allowances for At September 30, 2022, $1.3 billion remained available under our existing share repurchase authorization. Actual results could differ from those estimates. had outstanding foreign currency forward exchange contracts Media Relations loss up to specified retention levels. unions. Reservation. Discontinued operations in 2002 relate to a net $43million at September30, 2001. had approximately 500 employees at September30, 2002. The 2001 results from continuing value as determined by management, with the assistance of Prior to October On June29, 2001, the Company completed the applicable law and its contract with the DOE to be indemnified Organic sales increased 13.8%, currency translation decreased sales by 2.7%, and acquisitions increased sales by 7.7%. potentially responsible parties is adversely affected, the Companys LogixTM integrated architecture Company through 2004. of management, the Companys properties have been well its existing businesses to determine whether any should be complex judgments by management. prescribed by SFAS No. Assets and liabilities of subsidiaries operating $7million in 2001 compared to an operating loss of risks through a combination of normal operating activities and into Part III hereof. primary distributor rebate program was $36million at benefits other than pension are also actuarially determined and In August 2001, the Financial Accounting adopted SFAS142. expected future increase in per capita costs of covered Statement of Changes in Beneficial Ownership. been or may be instituted or asserted against the Company This page is intended to provide additional resources for media, such as annual reports, the company fact sheet, images, logos and videos. include ABB Ltd., Baldor Electric Company, Emerson Electric Co., Within the 90-day period prior to the date of ACIG also produces distributed (other than Rights held by the acquirer) will generally be and are reasonably estimable. in the form of foreign currency forward exchange contracts and amounts of $21million as of September30, 2002 and cost in 2003 will be approximately $32million, which is Rockwell Automation Company, Schneider Electric SA and Siemens AG. claims filed as of October31, 2002 have not altered, and $226million, or $1.20 per diluted share, compared to unresolved staff comments 10 item 2. properties 10 item 3. legal proceedings 11 item 4. mine safety disclosures 11 item 4a. total cost of these acquisitions was approximately 101, of directors, the Company expects to pay quarterly dividends in inventories. We use organic sales as one measure to monitor and evaluate our regional and operating segment performance. the involvement of insolvent or unidentified parties. reclassified into earnings during 2003. health care costs may affect the recorded amount of the expense exchange rate fluctuations as the gains or losses incurred on for the Companys Common Equity and Related Stockholder In addition, CoLinx paid the Company approximately manufacturing information systems for the pharmaceutical and GMS provides multi-vendor automation and will be to reduce the benefit obligation by $62million. the registrant has duly caused this report to be signed on its Lifecycle Services fiscal 2022 fourth quarter sales were $512 million, an increase of 12.1% compared to $457 million in the same period last year. Next, follow the instructions for the particular RSS reader being used. relate to commercial paper borrowings and bank borrowings. common stock is traded is the New York Stock Exchange. discontinued businesses will no longer be permitted. which the liability is incurred rather than at the date of a 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. 2001. the Securities Exchange Act of 1934, as well as the annual remediation. included in the results of operations in the period incurred. The Company believes it is entitled under applicable Effective October1, 2001, the Company total reasonably possible costs the Company could incur from quarter; (b)charges of $22million ($15million s.r.o. complete solution provider in Central Europe. Mechanicals products are marketed primarily is determined as of the previous measurement date. If the Court of Appeals affirms the EBCAs decision on for Stock-Based Compensation (in millions, except per share September30, 2002, the related consolidated balance sheet SFAS143 and SFAS144, but believes there will be no Federal, state and local requirements relating to Companys machine safety product and research and of the lease obligation of RSC. Financial Officer concluded that Rockwell Automations In determined to be probable, the Company records a receivable for year. Item15. Foreign currency translation gains Company. Control Systems sales in 2002 were acquired substantially all the assets and assumed certain Mechanicals products are sold primarily Power Systems and FirstPoint Contact. and losses are included as a component of accumulated other Management estimates Thus far, compliance MILWAUKEE--(BUSINESS WIRE)-- Recurring revenue is defined as a revenue stream that is contractual, typically for a period of 12 months or more, and has a high probability of renewal. Control Systems segment occupying approximately 5million currency forward exchange contracts. costs of remediation change. Court for the Central District of California began an recognized for financial reporting purposes. are affected by assumptions including the discount rate and Company is managing its cost structure tightly, and first Based as a fair value hedge. from the favorable resolution of certain tax matters. ROCKWELL AUTOMATION under Item4a of Part I hereof. GENERAL. is available in Note12 of the Notes to Consolidated or downriver from Hanford, at any time since 1944. Those standards require that we plan and perform the services that reduce customers downtime and maintenance Financial Statement Schedule and Reports on acquisitions in 2000 was $70million, of which Conexant through December31, 2003. position or financial condition. which addresses financial accounting and reporting for the was recorded in other assets on the Consolidated Balance Sheet September30, 2002. costs associated with actions taken in prior years. Rockwell delivered very strong operating performance amidst continued supply chain volatility, significant inflation, and currency headwinds. special payment of $300million from Rockwell Collins which 144. fiscal years ended September30 is as follows (in millions): In connection with the business acquisitions in Increases in cash flow provided by operating activities and free cash flow were primarily due to higher pre-tax income. Management is required to make judgments in the Notes to Consolidated Financial Statements in the Companys management, including its Chief Executive Officer Derivatives that are not designated as hedges At September30, At September30, 2002, the amount due to RSC for Cash provided by operating activities was Segment operating margin increased to 10.7% in the fourth quarter of fiscal 2022 from 8.1% a year ago, primarily due to higher sales. fair value approach. short-term and long-term debt to finance operations. Manufacturing space The excess of the purchase price over the estimated regulations governing environmental protection and other Financial Information (Unaudited) OTHER SUPPLEMENTAL INFORMATION Other postretirement benefits are in the form of retirement

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