Q3 2026 Earnings

Intelligent Devices Adjusted EBITA

$747.0M

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Intelligent Devices Adjusted EBITA Margin

27.9%

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Safety & Productivity Adjusted EBITA

$117.0M

SAFETY & PRODUCTIVITY 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales | | $ | | 538 | | | | 552 | | | | 3 | | % | | | (1) | | % | | | — | | % | | | 2 | | % Earnings | | $ | | 103 | | | | 93 | | | | (10) | | % Margin | | 19.2 | | % | | | 16.9 | | % | | | (2.3) pts Amortization of intangibles | | $ | | 7 | | | | 7 Restructuring and related costs | | $ | | — | | | | 17 Adjusted EBITA | | $ | | 110 | | | | 117 | | | | 6 | | % Adjusted EBITA Margin | | 20.4 | | % | | | 21.2 | | % | | | 0.8 pts Safety & Productivity sales were $552 in the third quarter of 2026, an increase of $14, or 3 percent compared to the prior year . Underlying sales were up 2 percent on 4 percent higher price offset by 2 percent lower volume. Underlying sales increased 4 percent in the Americas and increased 1 percent in Asia, Middle East & Africa, while Europe decreased 6 percent. Earnings for Safety & Productivity decreased $10, down 10 percent, while margin decreased 2.3 percent age points, reflecting increased restructuring costs and deleverage on lower volume, partially offset by favorable price less net material inflation and savings from cost reduction actions. Adjusted EBITA margin increased 0.8 percentage points .

Safety & Productivity Adjusted EBITA Margin

21.2%

SAFETY & PRODUCTIVITY 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales | | $ | | 538 | | | | 552 | | | | 3 | | % | | | (1) | | % | | | — | | % | | | 2 | | % Earnings | | $ | | 103 | | | | 93 | | | | (10) | | % Margin | | 19.2 | | % | | | 16.9 | | % | | | (2.3) pts Amortization of intangibles | | $ | | 7 | | | | 7 Restructuring and related costs | | $ | | — | | | | 17 Adjusted EBITA | | $ | | 110 | | | | 117 | | | | 6 | | % Adjusted EBITA Margin | | 20.4 | | % | | | 21.2 | | % | | | 0.8 pts Safety & Productivity sales were $552 in the third quarter of 2026, an increase of $14, or 3 percent compared to the prior year . Underlying sales were up 2 percent on 4 percent higher price offset by 2 percent lower volume. Underlying sales increased 4 percent in the Americas and increased 1 percent in Asia, Middle East & Africa, while Europe decreased 6 percent. Earnings for Safety & Productivity decreased $10, down 10 percent, while margin decreased 2.3 percent age points, reflecting increased restructuring costs and deleverage on lower volume, partially offset by favorable price less net material inflation and savings from cost reduction actions. Adjusted EBITA margin increased 0.8 percentage points .

Software & Systems Adjusted EBITA

$523.0M

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Software & Systems Adjusted EBITA Margin

31.8%

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Backlog — Remaining Performance Obligations

$9.60B

As of June 30, 2026, the Company's backlog relating to unsatisfied (or partially unsatisfied) performance obligations in contracts with its customers was approximately $ 9.6 billion . The Company expects to recognize appro ximately 75 percent of its remaining performance obligations as revenue over the next 12 months, with the remainder substantially over the following two years .

Free Cash Flow

$2.62B

Key elements of the Company's financial conditi on as of and for the nine months ended June 30, 2026 as compared to the year ended September 30, 2025 and the nine months ended June 30, 2025 follow. June 30, 2025 | | | Sept 30, 2025 | | | June 30, 2026 Operating working capital | | $ | | 2,074 | | | | $ | | 2,039 | | | | $ | | 2,290 Current ratio | | 0.8 | | | | 0.9 | | | | 0.9 Total debt-to-total capital | | 41.7 | | % | | | 39.3 | | % | | | 39.2 | | % Net debt-to-net capital | | 37.7 | | % | | | 36.2 | | % | | | 34.9 | | % Interest coverage ratio | | 9.6 | | X | | | 8.6 | | X | | | 8.2 | | X Operating working capital increased $251 compared to September 30, 2025, primarily reflecting an increase in inventory. The current ratio remained flat compared to September 30, 2025. The interest coverage ratio (earnings before income taxes plus interest expense, divided by interest expense) of 8.2X for the 12 months ended June 30, 2026 compares to 9.6X for the 12 months ended June 30, 2025. The decrease reflects higher interest expense compared to the prior year. Operating cash flow from continuing operations for the first nine months of fiscal 2026 was $2,902, an increase of $238 compared with $2,664 in the prior year, reflecting higher earnings, partially offset by an increase in operating working capital. Free cas h flow of $2,618 in the first nine months of fiscal 2026 (operating cash flow of $2,902 less capital expenditures of $284) increased $217 compared to free cash flow of $2,401 in 2025 (operating cash flow of $2,664 less capital expenditures of $263), reflecting the increase in operating cash flow. Cash used in investing activities was $322. Cash used in financing activities was $1,920, reflecting share repurchases of $898 and dividends of $935. During the first quarter, the Company repaid €500 of 1.25% euro notes that matured in October 2025.

Interest Coverage Ratio

8.2

Key elements of the Company's financial conditi on as of and for the nine months ended June 30, 2026 as compared to the year ended September 30, 2025 and the nine months ended June 30, 2025 follow. June 30, 2025 | | | Sept 30, 2025 | | | June 30, 2026 Operating working capital | | $ | | 2,074 | | | | $ | | 2,039 | | | | $ | | 2,290 Current ratio | | 0.8 | | | | 0.9 | | | | 0.9 Total debt-to-total capital | | 41.7 | | % | | | 39.3 | | % | | | 39.2 | | % Net debt-to-net capital | | 37.7 | | % | | | 36.2 | | % | | | 34.9 | | % Interest coverage ratio | | 9.6 | | X | | | 8.6 | | X | | | 8.2 | | X Operating working capital increased $251 compared to September 30, 2025, primarily reflecting an increase in inventory. The current ratio remained flat compared to September 30, 2025. The interest coverage ratio (earnings before income taxes plus interest expense, divided by interest expense) of 8.2X for the 12 months ended June 30, 2026 compares to 9.6X for the 12 months ended June 30, 2025. The decrease reflects higher interest expense compared to the prior year. Operating cash flow from continuing operations for the first nine months of fiscal 2026 was $2,902, an increase of $238 compared with $2,664 in the prior year, reflecting higher earnings, partially offset by an increase in operating working capital. Free cas h flow of $2,618 in the first nine months of fiscal 2026 (operating cash flow of $2,902 less capital expenditures of $284) increased $217 compared to free cash flow of $2,401 in 2025 (operating cash flow of $2,664 less capital expenditures of $263), reflecting the increase in operating cash flow. Cash used in investing activities was $322. Cash used in financing activities was $1,920, reflecting share repurchases of $898 and dividends of $935. During the first quarter, the Company repaid €500 of 1.25% euro notes that matured in October 2025.

Net Debt to Net Capital

34.9%

Key elements of the Company's financial conditi on as of and for the nine months ended June 30, 2026 as compared to the year ended September 30, 2025 and the nine months ended June 30, 2025 follow. June 30, 2025 | | | Sept 30, 2025 | | | June 30, 2026 Operating working capital | | $ | | 2,074 | | | | $ | | 2,039 | | | | $ | | 2,290 Current ratio | | 0.8 | | | | 0.9 | | | | 0.9 Total debt-to-total capital | | 41.7 | | % | | | 39.3 | | % | | | 39.2 | | % Net debt-to-net capital | | 37.7 | | % | | | 36.2 | | % | | | 34.9 | | % Interest coverage ratio | | 9.6 | | X | | | 8.6 | | X | | | 8.2 | | X Operating working capital increased $251 compared to September 30, 2025, primarily reflecting an increase in inventory. The current ratio remained flat compared to September 30, 2025. The interest coverage ratio (earnings before income taxes plus interest expense, divided by interest expense) of 8.2X for the 12 months ended June 30, 2026 compares to 9.6X for the 12 months ended June 30, 2025. The decrease reflects higher interest expense compared to the prior year. Operating cash flow from continuing operations for the first nine months of fiscal 2026 was $2,902, an increase of $238 compared with $2,664 in the prior year, reflecting higher earnings, partially offset by an increase in operating working capital. Free cas h flow of $2,618 in the first nine months of fiscal 2026 (operating cash flow of $2,902 less capital expenditures of $284) increased $217 compared to free cash flow of $2,401 in 2025 (operating cash flow of $2,664 less capital expenditures of $263), reflecting the increase in operating cash flow. Cash used in investing activities was $322. Cash used in financing activities was $1,920, reflecting share repurchases of $898 and dividends of $935. During the first quarter, the Company repaid €500 of 1.25% euro notes that matured in October 2025.

Total Debt to Total Capital

39.2%

Key elements of the Company's financial conditi on as of and for the nine months ended June 30, 2026 as compared to the year ended September 30, 2025 and the nine months ended June 30, 2025 follow. June 30, 2025 | | | Sept 30, 2025 | | | June 30, 2026 Operating working capital | | $ | | 2,074 | | | | $ | | 2,039 | | | | $ | | 2,290 Current ratio | | 0.8 | | | | 0.9 | | | | 0.9 Total debt-to-total capital | | 41.7 | | % | | | 39.3 | | % | | | 39.2 | | % Net debt-to-net capital | | 37.7 | | % | | | 36.2 | | % | | | 34.9 | | % Interest coverage ratio | | 9.6 | | X | | | 8.6 | | X | | | 8.2 | | X Operating working capital increased $251 compared to September 30, 2025, primarily reflecting an increase in inventory. The current ratio remained flat compared to September 30, 2025. The interest coverage ratio (earnings before income taxes plus interest expense, divided by interest expense) of 8.2X for the 12 months ended June 30, 2026 compares to 9.6X for the 12 months ended June 30, 2025. The decrease reflects higher interest expense compared to the prior year. Operating cash flow from continuing operations for the first nine months of fiscal 2026 was $2,902, an increase of $238 compared with $2,664 in the prior year, reflecting higher earnings, partially offset by an increase in operating working capital. Free cas h flow of $2,618 in the first nine months of fiscal 2026 (operating cash flow of $2,902 less capital expenditures of $284) increased $217 compared to free cash flow of $2,401 in 2025 (operating cash flow of $2,664 less capital expenditures of $263), reflecting the increase in operating cash flow. Cash used in investing activities was $322. Cash used in financing activities was $1,920, reflecting share repurchases of $898 and dividends of $935. During the first quarter, the Company repaid €500 of 1.25% euro notes that matured in October 2025.

Current Ratio

0.9

Key elements of the Company's financial conditi on as of and for the nine months ended June 30, 2026 as compared to the year ended September 30, 2025 and the nine months ended June 30, 2025 follow. June 30, 2025 | | | Sept 30, 2025 | | | June 30, 2026 Operating working capital | | $ | | 2,074 | | | | $ | | 2,039 | | | | $ | | 2,290 Current ratio | | 0.8 | | | | 0.9 | | | | 0.9 Total debt-to-total capital | | 41.7 | | % | | | 39.3 | | % | | | 39.2 | | % Net debt-to-net capital | | 37.7 | | % | | | 36.2 | | % | | | 34.9 | | % Interest coverage ratio | | 9.6 | | X | | | 8.6 | | X | | | 8.2 | | X Operating working capital increased $251 compared to September 30, 2025, primarily reflecting an increase in inventory. The current ratio remained flat compared to September 30, 2025. The interest coverage ratio (earnings before income taxes plus interest expense, divided by interest expense) of 8.2X for the 12 months ended June 30, 2026 compares to 9.6X for the 12 months ended June 30, 2025. The decrease reflects higher interest expense compared to the prior year. Operating cash flow from continuing operations for the first nine months of fiscal 2026 was $2,902, an increase of $238 compared with $2,664 in the prior year, reflecting higher earnings, partially offset by an increase in operating working capital. Free cas h flow of $2,618 in the first nine months of fiscal 2026 (operating cash flow of $2,902 less capital expenditures of $284) increased $217 compared to free cash flow of $2,401 in 2025 (operating cash flow of $2,664 less capital expenditures of $263), reflecting the increase in operating cash flow. Cash used in investing activities was $322. Cash used in financing activities was $1,920, reflecting share repurchases of $898 and dividends of $935. During the first quarter, the Company repaid €500 of 1.25% euro notes that matured in October 2025.

Intelligent Devices Price Contribution

3

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Intelligent Devices Volume Contribution

2

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Price Contribution to Underlying Sales Growth

3

Net sales for the third quarter of fiscal 2026 were $4.9 billion, up 7 percent compared with 2025. Software & Systems sales were up 11 percent, Intelligent Devices sales were up 6 percent, and Safety & Productivity sales were up 3 percent . Underlying sales were up 6 percent o n 3 percent higher volume and 3 percent higher price. For eign currency translation had a 1 percent favorable impact . Underlying sales were up 10 percent in the U.S. and up 4 percent internationally. The Americas was up 8 percent, Europe was down 1 percent, and Asia, Middle East & Africa was up 8 percent (China down 3 percent).

Safety & Productivity Price Contribution

4

SAFETY & PRODUCTIVITY 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales | | $ | | 538 | | | | 552 | | | | 3 | | % | | | (1) | | % | | | — | | % | | | 2 | | % Earnings | | $ | | 103 | | | | 93 | | | | (10) | | % Margin | | 19.2 | | % | | | 16.9 | | % | | | (2.3) pts Amortization of intangibles | | $ | | 7 | | | | 7 Restructuring and related costs | | $ | | — | | | | 17 Adjusted EBITA | | $ | | 110 | | | | 117 | | | | 6 | | % Adjusted EBITA Margin | | 20.4 | | % | | | 21.2 | | % | | | 0.8 pts Safety & Productivity sales were $552 in the third quarter of 2026, an increase of $14, or 3 percent compared to the prior year . Underlying sales were up 2 percent on 4 percent higher price offset by 2 percent lower volume. Underlying sales increased 4 percent in the Americas and increased 1 percent in Asia, Middle East & Africa, while Europe decreased 6 percent. Earnings for Safety & Productivity decreased $10, down 10 percent, while margin decreased 2.3 percent age points, reflecting increased restructuring costs and deleverage on lower volume, partially offset by favorable price less net material inflation and savings from cost reduction actions. Adjusted EBITA margin increased 0.8 percentage points .

Safety & Productivity Volume Contribution

-2

SAFETY & PRODUCTIVITY 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales | | $ | | 538 | | | | 552 | | | | 3 | | % | | | (1) | | % | | | — | | % | | | 2 | | % Earnings | | $ | | 103 | | | | 93 | | | | (10) | | % Margin | | 19.2 | | % | | | 16.9 | | % | | | (2.3) pts Amortization of intangibles | | $ | | 7 | | | | 7 Restructuring and related costs | | $ | | — | | | | 17 Adjusted EBITA | | $ | | 110 | | | | 117 | | | | 6 | | % Adjusted EBITA Margin | | 20.4 | | % | | | 21.2 | | % | | | 0.8 pts Safety & Productivity sales were $552 in the third quarter of 2026, an increase of $14, or 3 percent compared to the prior year . Underlying sales were up 2 percent on 4 percent higher price offset by 2 percent lower volume. Underlying sales increased 4 percent in the Americas and increased 1 percent in Asia, Middle East & Africa, while Europe decreased 6 percent. Earnings for Safety & Productivity decreased $10, down 10 percent, while margin decreased 2.3 percent age points, reflecting increased restructuring costs and deleverage on lower volume, partially offset by favorable price less net material inflation and savings from cost reduction actions. Adjusted EBITA margin increased 0.8 percentage points .

Software & Systems Price Contribution

4

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Software & Systems Volume Contribution

7

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Volume Contribution to Underlying Sales Growth

3

Net sales for the third quarter of fiscal 2026 were $4.9 billion, up 7 percent compared with 2025. Software & Systems sales were up 11 percent, Intelligent Devices sales were up 6 percent, and Safety & Productivity sales were up 3 percent . Underlying sales were up 6 percent o n 3 percent higher volume and 3 percent higher price. For eign currency translation had a 1 percent favorable impact . Underlying sales were up 10 percent in the U.S. and up 4 percent internationally. The Americas was up 8 percent, Europe was down 1 percent, and Asia, Middle East & Africa was up 8 percent (China down 3 percent).

Control Systems & Software Underlying Sales Growth

7.0%

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Final Control Underlying Sales Growth

3.0%

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Intelligent Devices Underlying Sales Growth

5.0%

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Safety & Productivity Underlying Sales Growth

2.0%

SAFETY & PRODUCTIVITY 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales | | $ | | 538 | | | | 552 | | | | 3 | | % | | | (1) | | % | | | — | | % | | | 2 | | % Earnings | | $ | | 103 | | | | 93 | | | | (10) | | % Margin | | 19.2 | | % | | | 16.9 | | % | | | (2.3) pts Amortization of intangibles | | $ | | 7 | | | | 7 Restructuring and related costs | | $ | | — | | | | 17 Adjusted EBITA | | $ | | 110 | | | | 117 | | | | 6 | | % Adjusted EBITA Margin | | 20.4 | | % | | | 21.2 | | % | | | 0.8 pts Safety & Productivity sales were $552 in the third quarter of 2026, an increase of $14, or 3 percent compared to the prior year . Underlying sales were up 2 percent on 4 percent higher price offset by 2 percent lower volume. Underlying sales increased 4 percent in the Americas and increased 1 percent in Asia, Middle East & Africa, while Europe decreased 6 percent. Earnings for Safety & Productivity decreased $10, down 10 percent, while margin decreased 2.3 percent age points, reflecting increased restructuring costs and deleverage on lower volume, partially offset by favorable price less net material inflation and savings from cost reduction actions. Adjusted EBITA margin increased 0.8 percentage points .

Sensors Underlying Sales Growth

7.0%

INTELLIGENT DEVICES 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Sensors | | $ | | 1,013 | | | | 1,091 | | | | 8 | | % | | | (1) | | % | | | — | | % | | | 7 | | % Final Control | | 1,522 | | | | 1,586 | | | | 4 | | % | | | (1) | | % | | | — | | % | | | 3 | | % Total | | $ | | 2,535 | | | | 2,677 | | | | 6 | | % | | | (1) | | % | | | — | | % | | | 5 | | % Earnings: Sensors | | $ | | 246 | | | | 303 | | | | 23 | | % Final Control | | 351 | | | | 349 | | | | (1) | | % Total | | $ | | 597 | | | | 652 | | | | 9 | | % Margin | | 23.5 | | % | | | 24.3 | | % | | | 0.8 pts Amortization of intangibles: Sensors | | $ | | 11 | | | | 11 Final Control | | 30 | | | | 27 Total | | $ | | 41 | | | | 38 Restructuring and related costs: Sensors | | $ | | 2 | | | | 9 Final Control | | 8 | | | | 48 Total | | $ | | 10 | | | | 57 Adjusted EBITA | | $ | | 648 | | | | 747 | | | | 15 | | % Adjusted EBITA Margin | | 25.5 | | % | | | 27.9 | | % | | | 2.4 pts Intelligent Devices sales were $2,677 in the third quarter of 2026, an increase of $142, or 6 percent, compared to the prior year. Underlying sales increased 5 percent on 3 percent higher price and 2 percent higher volume. Underlying sales increased 6 percent in the Americas and 5 percent in Asia, Middle East & Africa (China down 8 percent), while Europe was flat. Sensors sales increased $78, or 8 percent, and underlying sales increased 7 percent , reflecting strong growth in the Americas, including strength in power and LNG. Final Control sales increased $64 or 4 percent, and underlying sales increased 3 percent, reflecting strong growth in Asia, Middle East & Africa and solid growth in the Americas, with strength in power. Earnings for Intelligent Devices increased $55, or 9 percent, while margin increased 0.8 percentage points reflecting leverage on higher sales and favorable price less net material inflation, partially offset by unfavorable mix resulting from increased greenfield project activity and increased restructuring costs. Adjusted EBITA margin was 27.9 percent, an increase of 2.4 percentage points, reflecting strong operating results.

Software & Systems Underlying Sales Growth

11.0%

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Test & Measurement Underlying Sales Growth

23.0%

SOFTWARE & SYSTEMS 2025 | | | 2026 | | | Change | | | FX | | | Acq/Div | | | U/L Sales: Control Systems & Software | | $ | | 1,120 | | | | 1,199 | | | | 7 | | % | | | — | | % | | | — | | % | | | 7 | | % Test & Measurement | | 360 | | | | 445 | | | | 23 | | % | | | — | | % | | | — | | % | | | 23 | | % Total | | $ | | 1,480 | | | | 1,644 | | | | 11 | | % | | | — | | % | | | — | | % | | | 11 | | % Earnings: Control Systems & Software | | $ | | 271 | | | | 285 | | | | 5 | | % Test & Measurement | | (26) | | | | 11 | | | | 144 | | % Total | | $ | | 245 | | | | 296 | | | | 21 | | % Margin | | 16.6 | | % | | | 18.0 | | % | | | 1.4 pts Amortization of intangibles: Control Systems & Software | | $ | | 114 | | | | 100 Test & Measurement | | 107 | | | | 108 Total | | $ | | 221 | | | | 208 Restructuring and related costs: Control Systems & Software | | $ | | 8 | | | | 6 Test & Measurement | | — | | | | 13 Total | | $ | | 8 | | | | 19 Adjusted EBITA | | $ | | 474 | | | | 523 | | | | 10 | | % Adjusted EBITA Margin | | 32.1 | | % | | | 31.8 | | % | | | (0.3) pts Software & Systems sales were $ 1,644 in the third quarter of 2026, an increase of $164, or 11 percent. Underlying sales were up 11 percent on 7 percent higher volume and 4 percent higher price. U nde rlying sales increased 13 percent in the Americas and 16 percent in Asia, Middle East & Africa (China up 14 percent ) , while Europe decreased 1 percent . Control Systems & Software sales increased 7 percent, reflecting strong demand in power. S ales for Test & Measurement increased $ 85 , or 23 percent , reflecting strength in semiconductor and aerospace & defense. Earnings for Software & Systems were $ 296 , an increase of $ 51 , or 21 percent, while margin increased 1.4 percentage points to 18.0 percent, reflecting leverage on higher sales, lower intangibles amortization and savings from cost reduction actions . Adjusted EBITA margin was 31.8 percent, a decrease of 0.3 percentage points.

Underlying Sales Growth

6.0%

Net sales for the third quarter of fiscal 2026 were $4.9 billion, up 7 percent compared with 2025. Software & Systems sales were up 11 percent, Intelligent Devices sales were up 6 percent, and Safety & Productivity sales were up 3 percent . Underlying sales were up 6 percent o n 3 percent higher volume and 3 percent higher price. For eign currency translation had a 1 percent favorable impact . Underlying sales were up 10 percent in the U.S. and up 4 percent internationally. The Americas was up 8 percent, Europe was down 1 percent, and Asia, Middle East & Africa was up 8 percent (China down 3 percent).

Operating Working Capital

$2.29B

Key elements of the Company's financial conditi on as of and for the nine months ended June 30, 2026 as compared to the year ended September 30, 2025 and the nine months ended June 30, 2025 follow. June 30, 2025 | | | Sept 30, 2025 | | | June 30, 2026 Operating working capital | | $ | | 2,074 | | | | $ | | 2,039 | | | | $ | | 2,290 Current ratio | | 0.8 | | | | 0.9 | | | | 0.9 Total debt-to-total capital | | 41.7 | | % | | | 39.3 | | % | | | 39.2 | | % Net debt-to-net capital | | 37.7 | | % | | | 36.2 | | % | | | 34.9 | | % Interest coverage ratio | | 9.6 | | X | | | 8.6 | | X | | | 8.2 | | X Operating working capital increased $251 compared to September 30, 2025, primarily reflecting an increase in inventory. The current ratio remained flat compared to September 30, 2025. The interest coverage ratio (earnings before income taxes plus interest expense, divided by interest expense) of 8.2X for the 12 months ended June 30, 2026 compares to 9.6X for the 12 months ended June 30, 2025. The decrease reflects higher interest expense compared to the prior year. Operating cash flow from continuing operations for the first nine months of fiscal 2026 was $2,902, an increase of $238 compared with $2,664 in the prior year, reflecting higher earnings, partially offset by an increase in operating working capital. Free cas h flow of $2,618 in the first nine months of fiscal 2026 (operating cash flow of $2,902 less capital expenditures of $284) increased $217 compared to free cash flow of $2,401 in 2025 (operating cash flow of $2,664 less capital expenditures of $263), reflecting the increase in operating cash flow. Cash used in investing activities was $322. Cash used in financing activities was $1,920, reflecting share repurchases of $898 and dividends of $935. During the first quarter, the Company repaid €500 of 1.25% euro notes that matured in October 2025.