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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Sep. 30, 2021
Current assets    
Cash and cash equivalents $ 629 $ 210
Accounts receivable - Note H [1] 488 369
Inventories - Note F 609 473
Other assets 91 68
Current assets held for sale - Note B 0 597
Total current assets 1,817 1,717
Property, plant and equipment    
Cost 3,065 3,066
Accumulated depreciation 1,713 1,639
Net property, plant and equipment 1,352 1,427
Goodwill - Note G 1,356 1,430
Intangibles - Note G 1,001 1,099
Operating lease assets, net - Note I 112 124
Restricted investments - Note E 346 384
Asbestos insurance receivable - Note L [2] 140 134
Deferred income taxes 30 30
Other assets 258 267
Total noncurrent assets 4,595 4,895
Total assets 6,412 6,612
Current liabilities    
Short-term debt - Note H 0 365
Current portion of long-term debt - Note H 0 9
Trade and other payables 241 236
Accrued expenses and other liabilities 291 251
Current operating lease obligations - Note I 18 23
Current liabilities held for sale - Note B 0 50
Total current liabilities 550 934
Noncurrent liabilities    
Long-term debt - Note H 1,302 1,596
Asbestos litigation reserve - Note L 483 490
Deferred income taxes 218 237
Employee benefit obligations - Note K 137 144
Operating lease obligations - Note I 100 110
Other liabilities 356 349
Total noncurrent liabilities 2,596 2,926
Commitments and contingencies - Note L
Stockholders' equity - Note N 3,266 2,752
Total liabilities and stockholders' equity $ 6,412 $ 6,612
[1] Accounts receivable includes an allowance for credit losses of $2 million at both June 30, 2022 and September 30, 2021.
[2] Asbestos insurance receivable includes an allowance for credit losses of $3 million at both June 30, 2022 and September 30, 2021.