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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2020
Sep. 30, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 508 $ 108
Receivables trade and other, net 466 551
Inventories 529 526
Other current assets 35 31
TOTAL CURRENT ASSETS 1,538 1,216
NET PROPERTY 509 515
GOODWILL 500 478
OTHER ASSETS 678 606
TOTAL ASSETS 3,225 2,815
CURRENT LIABILITIES:    
Short-term debt 138 41
Accounts and notes payable 541 610
Other current liabilities 257 285
TOTAL CURRENT LIABILITIES 936 936
LONG-TERM DEBT 1,203 902
RETIREMENT BENEFITS 315 336
OTHER LIABILITIES 347 226
TOTAL LIABILITIES 2,801 2,400
COMMITMENTS AND CONTINGENCIES (See Note 20)
EQUITY:    
Common stock (March 31, 2020 and September 30, 2019, 103.7 and 104.1 shares issued and 72.3 and 81.4 shares outstanding, respectively) 105 104
Additional paid-in capital 803 803
Retained earnings 771 491
Treasury stock, at cost (March 31, 2020 and September 30, 2019, 31.4 and 22.7 shares, respectively) (573) (332)
Accumulated other comprehensive loss (714) (681)
Total equity attributable to Meritor, Inc. 392 385
Noncontrolling interests 32 30
TOTAL EQUITY 424 415
TOTAL LIABILITIES AND EQUITY $ 3,225 $ 2,815