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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]        
Sales $ 603 $ 604 $ 1,128 $ 1,115
Cost of sales 406 384 766 735
Gross profit 197 220 362 380
Selling, general and administrative expense 79 90 172 172
Research and development expense 12 13 25 26
Intangibles amortization expense - Note G 23 24 46 47
Equity and other income 0 0 1 0
Income on acquisitions and divestitures, net - Note B 0 7 0 7
Operating income 83 100 120 142
Net interest and other expense (income) (10) 43 (24) 49
Other net periodic benefit loss (income) 2 (1) 3 (1)
Income from continuing operations before income taxes 91 58 141 94
Income tax expense (benefit) - Note J (1) 20 7 24
Income from continuing operations 92 38 134 70
Income (loss) from discontinued operations (net of income taxes) - Note C (1) 748 (2) 764
Net income $ 91 $ 786 $ 132 $ 834
Basic earnings per share - Note M        
Income from continuing operations $ 1.71 $ 0.67 $ 2.47 $ 1.22
Income (loss) from discontinued operations (0.01) 13.23 (0.04) 13.48
Net income 1.70 13.90 2.43 14.70
Diluted earnings per share - Note M        
Income from continuing operations 1.68 0.66 2.43 1.20
Income (loss) from discontinued operations (0.01) 13.03 (0.04) 13.25
Net income $ 1.67 $ 13.69 $ 2.39 $ 14.45
COMPREHENSIVE INCOME        
Net income $ 91 $ 786 $ 132 $ 834
Other comprehensive income (loss), net of tax        
Unrealized translation gain (loss) 27 (5) 109 (21)
Unrealized gains (losses) on commodity hedges (3) 5 (7) 1
Other comprehensive income (loss) - Note N 24 0 102 (20)
Comprehensive income $ 115 $ 786 $ 234 $ 814