ROK · 10-K · 2026A · Full report

Liquidity and Cash Position

ROCKWELL AUTOMATION, INC · 2026-11-12 · Importance 48 · Surprise 40

At September 30, 2026, commercial paper borrowings were $707 million, up from $522 million a year earlier; the 2026 weighted-average interest rate was 4.06% and weighted-average maturity was 19 days. Rockwell replaced its former $1.5 billion revolving credit facility in November 2025 with a new five-year $1.5 billion unsecured facility expiring in November 2030, with an option to increase it by up to $750 million subject to bank consent. The company did not borrow under the facility during the quarter ended September 30, 2026 and was in compliance with its credit-facility covenants. Standard & Poor’s, Moody’s, and Fitch assigned stable outlooks, with long-term ratings of A-, A3, and A, respectively.

Key facts

• In November 2025, Rockwell Automation replaced its former $1.5 billion unsecured revolving credit facility with a new five-year $1.5 billion facility expiring in November 2030. source
• Rockwell Automation can increase its $1.5 billion revolving credit facility by up to $750 million, subject to consent of the banks. source
• At September 30, 2026, Rockwell Automation had approximately $274 million of separate short-term unsecured credit facilities available to non-U.S. subsidiaries, with approximately $33 million committed under letters of credit. source
• Rockwell Automation’s revolving credit facility requires an EBITDA-to-interest ratio of at least 3.0 to 1.0. source
• Rockwell Automation expects to access debt capital markets, subject to market conditions and other factors, to meet liquidity needs, refinance debt, fund acquisitions, or for general corporate purposes. source
• Rockwell Automation reported no difficulty accessing the commercial paper market; if access is adversely affected, it expects to use available cash and its unsecured committed credit facility, potentially at a higher borrowing cost. source
• Rockwell Automation expects future cash uses to include capital expenditures, working capital, dividends, common-stock repurchases, debt repayment, acquisitions and other inorganic investments, and additional retirement-plan contributions. source
• Rockwell Automation expects to fund future cash uses with existing cash, operating cash flow, commercial paper borrowings, or new debt or securities, and has access to unsecured bank credit facilities. source