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Emerson Electric Co. – ‘10-K’ for 9/30/23 – ‘EX-31’

On:  Monday, 11/13/23, at 4:43pm ET   ·   For:  9/30/23   ·   Accession #:  32604-23-44   ·   File #:  1-00278

Previous ‘10-K’:  ‘10-K’ on 11/14/22 for 9/30/22   ·   Latest ‘10-K’:  This Filing   ·   37 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/13/23  Emerson Electric Co.              10-K        9/30/23  143:17M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.74M 
 2: EX-21       Subsidiaries List                                   HTML    324K 
 3: EX-23       Consent of Expert or Counsel                        HTML     38K 
 4: EX-24       Power of Attorney                                   HTML     48K 
 7: EX-97       Clawback Policy re: Recovery of Erroneously         HTML     55K 
                Awarded Compensation                                             
 5: EX-31       Certification -- §302 - SOA'02                      HTML     47K 
 6: EX-32       Certification -- §906 - SOA'02                      HTML     42K 
13: R1          Cover Page                                          HTML    120K 
14: R2          Audit Information                                   HTML     43K 
15: R3          Consolidated Statements of Earnings                 HTML    157K 
16: R4          Consolidated Statements of Earnings                 HTML     43K 
                (Parenthetical)                                                  
17: R5          Consolidated Statements of Comprehensive Income     HTML     76K 
18: R6          Consolidated Balance Sheets                         HTML    162K 
19: R7          Consolidated Balance Sheets (Parenthetical)         HTML     52K 
20: R8          Consolidated Statements of Equity                   HTML    129K 
21: R9          Consolidated Statements of Equity (Parenthetical)   HTML     41K 
22: R10         Consolidated Statements of Cash Flows               HTML    150K 
23: R11         Summary Of Significant Accounting Policies          HTML     88K 
24: R12         Revenue Recognition                                 HTML     51K 
25: R13         Weighted-Average Common Shares                      HTML     47K 
26: R14         Acquisitions And Divestitures                       HTML     76K 
27: R15         Discontinued Operations                             HTML    139K 
28: R16         Other Deductions, Net                               HTML     55K 
29: R17         Restructuring Costs                                 HTML     80K 
30: R18         Equity Method Investment and Note Receivable        HTML     55K 
31: R19         Leases                                              HTML     60K 
32: R20         Goodwill And Other Intangibles                      HTML     83K 
33: R21         Financial Instruments                               HTML     73K 
34: R22         Short-Term Borrowings And Lines Of Credit           HTML     47K 
35: R23         Long-Term Debt                                      HTML     62K 
36: R24         Pension and Postretirement Plans                    HTML    208K 
37: R25         Contingent Liabilities and Commitments              HTML     43K 
38: R26         Income Taxes                                        HTML    107K 
39: R27         Stock-Based Compensation                            HTML    132K 
40: R28         Common and Preferred Stock                          HTML     44K 
41: R29         Accumulated Other Comprehensive Income (Loss)       HTML     64K 
42: R30         Business Segments Information                       HTML    213K 
43: R31         Other Financial Data                                HTML     76K 
44: R32         Quarterly Financial Information (Unaudited)         HTML     94K 
45: R33         Subsequent Events                                   HTML     40K 
46: R34         Pay vs Performance Disclosure                       HTML     51K 
47: R35         Insider Trading Arrangements                        HTML     44K 
48: R36         Summary Of Significant Accounting Policies          HTML    104K 
                (Policies)                                                       
49: R37         Summary Of Significant Accounting Policies          HTML     57K 
                (Tables)                                                         
50: R38         Revenue Recognition (Tables)                        HTML     45K 
51: R39         Weighted-Average Common Shares (Tables)             HTML     46K 
52: R40         Acquisitions and Divestitures (Tables)              HTML     71K 
53: R41         Discontinued Operations (Tables)                    HTML    137K 
54: R42         Other Deductions, Net (Tables)                      HTML     53K 
55: R43         Restructuring Costs (Tables)                        HTML     80K 
56: R44         Equity Method Investment and Note Receivable        HTML     51K 
                (Tables)                                                         
57: R45         Leases (Tables)                                     HTML     63K 
58: R46         Goodwill And Other Intangibles (Tables)             HTML     87K 
59: R47         Financial Instruments (Tables)                      HTML     71K 
60: R48         Short-Term Borrowings And Lines Of Credit (Tables)  HTML     46K 
61: R49         Long-Term Debt (Tables)                             HTML     64K 
62: R50         Pension and Post Retirement Plans (Tables)          HTML    201K 
63: R51         Income Taxes (Tables)                               HTML    110K 
64: R52         Stock-Based Compensation (Tables)                   HTML    129K 
65: R53         Accumulated Other Comprehensive Income (Loss)       HTML     64K 
                (Tables)                                                         
66: R54         Business Segments Information (Tables)              HTML    196K 
67: R55         Other Financial Data (Tables)                       HTML     82K 
68: R56         Quarterly Financial Information (Unaudited)         HTML     93K 
                (Tables)                                                         
69: R57         Summary Of Significant Accounting Policies -        HTML     44K 
                Schedule of Inventory (Details)                                  
70: R58         Summary Of Significant Accounting Policies -        HTML     65K 
                Summary of Property, Plant and Equipment (Details)               
71: R59         Summary Of Significant Accounting Policies -        HTML     57K 
                Narrative (Details)                                              
72: R60         Revenue Recognition - Schedule of Contract Assets   HTML     44K 
                and Contract Liabilities (Details)                               
73: R61         Revenue Recognition - Narrative (Details)           HTML     53K 
74: R62         Weighted-Average Common Shares - Schedule Of Basic  HTML     45K 
                And Diluted Earnings Per Common Share                            
                Reconciliation (Details)                                         
75: R63         Acquisitions And Divestitures - Narrative           HTML    167K 
                (Details)                                                        
76: R64         Acquisitions and Divestitures - Purchase Price      HTML     48K 
                Consideration (Details)                                          
77: R65         Acquisitions And Divestitures - Schedule of         HTML     79K 
                Recognized Identifies Assets Acquired and                        
                Liabilities Assumed (Details)                                    
78: R66         Acquisitions and Divestitures - Finite-Lived and    HTML     55K 
                Indefinite-Lived Intangible Assets Acquired as                   
                Part of Business Combination (Details)                           
79: R67         Acquisitions and Divestitures - Business            HTML     46K 
                Acquisition, Pro Forma Information (Details)                     
80: R68         Discontinued Operations - Narrative (Details)       HTML     90K 
81: R69         Discontinued Operations - Financial Results         HTML     70K 
                (Details)                                                        
82: R70         Discontinued Operations - Carrying Amounts of       HTML     87K 
                Major Assets and Liabilities, Classified as                      
                Held-For-Sale (Details)                                          
83: R71         Discontinued Operations - Net Cash from Operating   HTML     50K 
                and Investing Activities (Details)                               
84: R72         Other Deductions, Net (Details)                     HTML     74K 
85: R73         Restructuring Costs - Narrative (Details)           HTML     54K 
86: R74         Restructuring Costs - Schedule Of Restructuring     HTML     64K 
                Expense by Segment (Details)                                     
87: R75         Restructuring Costs - Schedule of Restructuring     HTML     53K 
                Reserve by Type of Cost (Details)                                
88: R76         Equity Method Investment and Note Receivable -      HTML     79K 
                Narrative (Details)                                              
89: R77         Equity Method Investment and Note Receivable -      HTML    132K 
                Summarized Financial Information (Details)                       
90: R78         Leases - Schedule of Operating Lease Costs          HTML     42K 
                (Details)                                                        
91: R79         Leases - Narrative (Details)                        HTML     53K 
92: R80         Leases - Right of Use Assets and Operating Lease    HTML     50K 
                Liabilities (Details)                                            
93: R81         Leases - Schedule of Future Maturities of           HTML     59K 
                Operating Lease Liabilities (Details)                            
94: R82         Goodwill And Other Intangibles - Schedule Of        HTML     68K 
                Change In Carry Amount Of Goodwill By Business                   
                Segment (Details)                                                
95: R83         Goodwill And Other Intangibles (Schedule Of Gross   HTML     54K 
                Carrying Amount And Accumulated Amortization Of                  
                Identifiable Intangible Assets By Major Class)                   
                (Details)                                                        
96: R84         Goodwill and Other Intangibles - Narrative          HTML     52K 
                (Details)                                                        
97: R85         Financial Instruments - Narrative (Details)         HTML     70K 
98: R86         Financial Instruments - Schedule Of Derivative      HTML     78K 
                Instruments (Details)                                            
99: R87         Financial Instruments - Schedule Of Fair Values Of  HTML     50K 
                Derivative Contracts Outstanding (Details)                       
100: R88         Short-Term Borrowings And Lines Of Credit -         HTML     46K  
                Schedule Of Short-Term Debt And Current Maturities               
                Of Long-Term Debt (Details)                                      
101: R89         Short-Term Borrowings And Lines Of Credit -         HTML     42K  
                Narrative (Details)                                              
102: R90         Long-Term Debt - Schedule of Long-Term Debt         HTML     97K  
                (Details)                                                        
103: R91         Long-Term Debt - Narrative (Details)                HTML     80K  
104: R92         Retirement Plans - Schedule of Retirement Plans     HTML     64K  
                Expense (Details)                                                
105: R93         Retirement Plans - Narrative (Details)              HTML    121K  
106: R94         Retirement Plans - Reconciliations of Actuarial     HTML    114K  
                Present Value of Projected Benefit Obligations and               
                Fair Value of Plan Assets for Defined Benefit                    
                Pension Plans (Details)                                          
107: R95         Retirement Plans - Schedule of Weighted-Average     HTML     60K  
                Assumptions used in Valuations of Pension Benefits               
                (Details)                                                        
108: R96         Retirement Plans - Schedule of Asset Allocations    HTML     71K  
                and Weighted-Average Target Allocations (Details)                
109: R97         Retirement Plans - Schedule of Fair Values of       HTML     94K  
                Defined Benefit Plan Assets Organized by Asset                   
                Class and Fair Value Hierarchy of ASC 820                        
                (Details)                                                        
110: R98         Contingent Liabilities and Commitments - Narrative  HTML     41K  
                (Details)                                                        
111: R99         Income Taxes - Schedule of Pretax Earnings from     HTML     48K  
                Continuing Operations (Details)                                  
112: R100        Income Taxes - Schedule of Principal Components of  HTML     59K  
                Income Tax Expense (Details)                                     
113: R101        Income Taxes - Schedule of Reconciliations of the   HTML     63K  
                U.S. Federal Statutory Tax Rate (Details)                        
114: R102        Income Taxes - Narrative (Details)                  HTML     64K  
115: R103        Income Taxes - Schedule of Unrecognized Tax         HTML     54K  
                Benefits (Details)                                               
116: R104        Income Taxes - Schedule of Deferred Income Tax      HTML     72K  
                Assets and Liabilities (Details)                                 
117: R105        Stock-Based Compensation - Schedule of Share-Based  HTML     62K  
                Payment Arrangement, Cost by Plan (Details)                      
118: R106        Stock-Based Compensation - Narrative (Details)      HTML    147K  
119: R107        Stock-Based Compensation - Schedule of Performance  HTML     58K  
                Share Payout Information (Details)                               
120: R108        Stock-Based Compensation - Schedule of Changes in   HTML     62K  
                Incentive Awards Outstanding (Details)                           
121: R109        Stock-Based Compensation - Schedule of              HTML     52K  
                Supplemental Information for Incentive Awards                    
                (Details)                                                        
122: R110        Stock-Based Compensation - Schedule of Changes in   HTML     75K  
                Shares Subject to Options (Details)                              
123: R111        Stock-Based Compensation - Schedule of Cash         HTML     54K  
                Proceeds Received and Tax Benefit from Share-based               
                Payment Awards, Options (Details)                                
124: R112        Stock-Based Compensation - Summary of Stock Option  HTML    101K  
                Activity (Details)                                               
125: R113        Stock-Based Compensation - Share-Based Payment      HTML     68K  
                Arrangement, Restricted Stock Unit, Activity                     
                (Details)                                                        
126: R114        Common and Preferred Stock (Details)                HTML     52K  
127: R115        Accumulated Other Comprehensive Income (Loss)       HTML    101K  
                (Details)                                                        
128: R116        Business Segments Information - Narrative           HTML     75K  
                (Details)                                                        
129: R117        Business Segments Information - Results of          HTML    123K  
                Operations by Business Segments (Details)                        
130: R118        Business Segments Information - Financial           HTML     67K  
                Information (Details)                                            
131: R119        Business Segments Information - Financial           HTML    141K  
                Information by Geographic Area (Details)                         
132: R120        Other Financial Data - Other Items Reported In      HTML     43K  
                Earnings (Details)                                               
133: R121        Other Financial Data - Depreciation and             HTML     60K  
                Amortization Expense Components (Details)                        
134: R122        Other Financial Data - Other Assets (Details)       HTML     54K  
135: R123        Other Financial Data - Accrued Expenses (Details)   HTML     52K  
136: R124        Other Financial Data - Other Liabilities (Details)  HTML     53K  
137: R125        Quarterly Financial Information (Unaudited) -       HTML     97K  
                Schedule of Quarterly Financial Information                      
                (Details)                                                        
138: R126        Subsequent Events (Details)                         HTML     66K  
141: XML         IDEA XML File -- Filing Summary                      XML    269K  
139: XML         XBRL Instance -- emr-20230930_htm                    XML   4.36M  
140: EXCEL       IDEA Workbook of Financial Report Info              XLSX    290K  
 9: EX-101.CAL  XBRL Calculations -- emr-20230930_cal                XML    355K 
10: EX-101.DEF  XBRL Definitions -- emr-20230930_def                 XML   1.60M 
11: EX-101.LAB  XBRL Labels -- emr-20230930_lab                      XML   3.16M 
12: EX-101.PRE  XBRL Presentations -- emr-20230930_pre               XML   2.15M 
 8: EX-101.SCH  XBRL Schema -- emr-20230930                          XSD    308K 
142: JSON        XBRL Instance as JSON Data -- MetaLinks              860±  1.31M  
143: ZIP         XBRL Zipped Folder -- 0000032604-23-000044-xbrl      Zip    860K  


‘EX-31’   —   Certification — §302 – SOA’02


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 C:   C: 
  Document  

Exhibit 31
Certification

I, S. L. Karsanbhai, certify that:

1.  I have reviewed this annual report on Form 10-K of Emerson Electric Co.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred
during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.  The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors:

a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:November 13, 2023/s/ S. L. Karsanbhai
     S. L. Karsanbhai
     President and
     Chief Executive Officer
     Emerson Electric Co.




Certification

I, M. J. Baughman, certify that:

1.  I have reviewed this annual report on Form 10-K of Emerson Electric Co.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.  The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors: 

a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and 

b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:November 13, 2023/s/ M. J. Baughman
     M. J. Baughman
     Executive Vice President and
     Chief Financial Officer
     Emerson Electric Co.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:11/13/234
For Period end:9/30/23
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/13/23  Emerson Electric Co.              S-8        11/13/23    5:85K                                    Donnelley … Solutions/FA
11/13/23  Emerson Electric Co.              S-3ASR     11/13/23    8:729K                                   Donnelley … Solutions/FA


35 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/03/23  Emerson Electric Co.              8-K:2,5,7,9 5/02/23   14:755K                                   Donnelley … Solutions/FA
 4/12/23  Emerson Electric Co.              8-K:1,8,9   4/12/23   12:997K                                   Davis Polk & … LLP 01/FA
 2/21/23  Emerson Electric Co.              8-K:1,2,9   2/17/23   12:1.2M                                   Toppan Merrill/FA
 2/08/23  Emerson Electric Co.              10-Q       12/31/22   78:8.8M
11/28/22  Emerson Electric Co.              8-K:5,9    11/22/22   12:271K                                   Donnelley … Solutions/FA
10/31/22  Emerson Electric Co.              8-K:1,2,9  10/30/22   13:1.8M                                   Davis Polk & … LLP 01/FA
 5/04/22  Emerson Electric Co.              10-Q        3/31/22   73:8.5M
10/12/21  Emerson Electric Co.              8-K:1,2,9  10/10/21   12:2.4M                                   Davis Polk & … LLP 01/FA
 5/04/21  Emerson Electric Co.              8-K:5,8,9   5/04/21   14:751K                                   Donnelley … Solutions/FA
11/16/20  Emerson Electric Co.              10-K        9/30/20  112:14M
 4/24/20  Emerson Electric Co.              10-Q        3/31/20   75:8.4M
11/18/19  Emerson Electric Co.              10-K        9/30/19  114:16M
 5/17/19  Emerson Electric Co.              8-K:8,9     5/15/19    5:443K                                   Donnelley … Solutions/FA
 2/06/19  Emerson Electric Co.              10-Q       12/31/18   75:5.5M
 8/08/18  Emerson Electric Co.              10-Q        6/30/18   68:6.4M
11/20/17  Emerson Electric Co.              10-K        9/30/17  115:16M
11/16/16  Emerson Electric Co.              10-K        9/30/16  109:17M
11/18/15  Emerson Electric Co.              10-K        9/30/15  109:14M
12/12/14  Emerson Electric Co.              DEF 14A     2/03/15    1:4.2M
11/20/12  Emerson Electric Co.              10-K        9/30/12  102:16M
 5/02/12  Emerson Electric Co.              10-Q        3/31/12   50:5M
 2/08/12  Emerson Electric Co.              10-Q       12/31/11   51:2.4M                                   Toppan Merrill/FA
12/10/10  Emerson Electric Co.              DEF 14A     2/01/11    1:1.3M                                   Donnelley … Solutions/FA
 2/03/10  Emerson Electric Co.              10-Q       12/31/09   31:2.2M                                   Toppan Merrill/FA
 8/06/08  Emerson Electric Co.              10-Q        6/30/08    6:867K                                   Toppan Merrill/FA
 5/07/08  Emerson Electric Co.              10-Q        3/31/08    6:1M                                     Toppan Merrill/FA
11/19/07  Emerson Electric Co.              10-K        9/30/07   15:2.8M                                   Toppan Merrill/FA
12/16/05  Emerson Electric Co.              DEF 14A     2/07/06    1:147K                                   Color Art Printing Co/FA
 9/02/05  Emerson Electric Co.              8-K:1,9     8/31/05    2:35K                                    Bryan Cave Leigh… LLP/FA
 2/01/05  Emerson Electric Co.              8-K:1,9     2/01/05    3:40K                                    Bryan Cave Leigh… LLP/FA
10/01/04  Emerson Electric Co.              8-K:8,9    10/01/04   10:194K                                   Bryan Cave Leigh… LLP/FA
 5/11/01  Emerson Electric Co.              10-Q        3/31/01    3:119K
12/20/99  Emerson Electric Co.              10-K        9/30/99    8:150K
 5/14/99  Emerson Electric Co.              10-Q        3/31/99    4:40K
12/23/98  Emerson Electric Co.              10-K        9/30/98   10:386K
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