XML 25 R8.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:      
Net income (loss) $ 484 $ 243 $ 286
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 144 146 160
Loss on sale of business and asset impairment charge 3 207  
Gain on bargain purchase of a business   (24)  
Gain on sale of land (1) (17)  
Deferred tax provision (benefit) (156) (40) 9
Employee benefit plan settlement   (1) 5
Equity in net income of affiliated companies (5) (10) (3)
Stock-based compensation 20 23 21
Other non-cash (income) expense 4 20 21
Cash dividends received from equity affiliates 2 1 2
Changes in assets and liabilities:      
Accounts and notes receivable 153 (287) (215)
Inventories 96 (259) (174)
Prepaid expenses and other current assets 1 (25) (37)
Accounts payable and accrued liabilities (152) 115 167
Income taxes payable (4) 15 14
Other liabilities 6 (7) 1
Cash provided by operating activities 595 100 257
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (244) (211) (195)
Proceeds from sale of a business 6 79  
Cash paid for acquisition of business, net of cash acquired of $-, $5 and $-   (9)  
Proceeds from sale of land 7 18  
Proceeds from insurance settlements 12 1 2
Other 5 4 7
Cash used in investing activities (214) (118) (186)
Cash Flows from Financing Activities:      
Proceeds from short-term borrowings 24 26  
Repayments of short-term borrowings (48)    
Proceeds from (repayments of) issuance of commercial paper, net (149) 250 58
Proceeds from long-term debt, net of issuance costs 84 394 200
Repayments of long-term debt (90) (372) (222)
Purchases of common stock (98) (53) (3)
Proceeds from sales of common stock 4 6 6
Cash dividends paid to noncontrolling interests (42) (22) (19)
Cash dividends paid to common stockholders (88) (84) (80)
Cash provided by (used in) financing activities (403) 145 (60)
Effects of exchange rate changes on cash 54 (91) 8
Increase (decrease) in cash, cash equivalents and restricted cash 32 36 19
Cash, cash equivalents and restricted cash at beginning of year 206 170 151
Cash, cash equivalents and restricted cash at end of year 238 206 170
The following table presents the Company’s cash, cash equivalents and restricted cash by category within the Consolidated Balance Sheets:      
Cash and cash equivalents $ 238 $ 206 168
Restricted cash classified within Prepaid expenses and other current assets     $ 2
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] PrepaidExpensesAndOtherCurrentAssets PrepaidExpensesAndOtherCurrentAssets PrepaidExpensesAndOtherCurrentAssets
Cash, cash equivalents and restricted cash $ 238 $ 206 $ 170
Non-cash investing activities and supplemental cash flow information:      
Additions to property, plant and equipment included in Accounts payable and accrued liabilities 41 24 41
Income taxes paid 140 129 93
Interest paid $ 85 $ 46 $ 41