XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 249 $ 255
Less: Income from discontinued operations, net of tax 1 0
Income from continuing operations 248 255
Adjustments to income from continuing operations to arrive at cash provided by operating activities:    
Depreciation and amortization 74 64
Deferred income tax expense (benefit) (4) 27
Restructuring costs 27 (2)
Asset impairment charges 0 1
Equity in earnings of affiliates (11) (24)
Pension and retiree medical income (31) (28)
Asbestos related liability remeasurement 0 (31)
Other adjustments to income from continuing operations 3 13
Dividends received from equity method investments 8 14
Pension and retiree medical contributions (11) (12)
Restructuring payments (21) (2)
Changes in off-balance sheet accounts receivable securitization and factoring programs (104) 41
Changes in receivables, inventories and accounts payable 11 (96)
Changes in other current assets and liabilities (26) (21)
Changes in other assets and liabilities 25 (3)
Operating cash flows provided by continuing operations 188 196
Operating cash flows used for discontinued operations 0 (2)
CASH PROVIDED BY OPERATING ACTIVITIES 188 194
INVESTING ACTIVITIES    
Capital expenditures (45) (63)
Cash paid for acquisition of Transportation Power, Inc., net of cash acquired (13) (6)
Other investing activities 9 17
CASH USED FOR INVESTING ACTIVITIES (49) (52)
FINANCING ACTIVITIES    
Securitization (8) 0
Borrowings against revolving line of credit 304 0
Repayments of Long-term Lines of Credit (304) (46)
Redemption of notes 0 (24)
Proceeds from debt issuances 300 0
Deferred issuance costs (4) (4)
Term loan payments (6) 0
Other financing activities (1) (2)
Net change in debt 281 (76)
Repurchase of common stock (241) (71)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 40 (147)
EFFECT OF CHANGES IN FOREIGN CURRENCY EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (7) 1
CHANGE IN CASH AND CASH EQUIVALENTS 172 (4)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 108 115
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 280 $ 111