What is Emerson Electric's control systems & software — goodwill?

Emerson Electric (EMR) reported control systems & software — goodwill of $672M in Q2 2023.

What does control systems & software — goodwill mean?

The intangible asset value recorded when the segment acquires other companies for more than their net asset value.

Discontinued — last reported Q3 '23

Emerson Electric Control Systems & Software — Goodwill increased by 0.3% to $672M in Q2 2023 compared to the prior quarter.

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2022

Last reportedQ3 2023Aug 2, 2023

Rolls up toGoodwill

An increase indicates recent M&A activity, while a decrease may signal an impairment charge due to declining business prospects.

This represents the excess of the purchase price over the fair value of identifiable net assets acquired in business com...

High goodwill is common in industrial software and automation firms that rely on frequent acquisitions to expand their technological capabilities.

Metric ID: emr_segment_control_systems_software_goodwill

4 periods

	Q4 '22	Q1 '23	Q2 '23	Q3 '23
Value	$732M	$740M	$670M	$672M
QoQ Change	—	+1.1%	-9.5%	+0.3%

Range$670M – $740M

What is Emerson Electric's control systems & software — goodwill?: Emerson Electric (EMR) reported control systems & software — goodwill of $672M in Q2 2023.
What does control systems & software — goodwill mean?: The intangible asset value recorded when the segment acquires other companies for more than their net asset value.