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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Sep. 30, 2022
Current assets    
Cash and cash equivalents $ 399 $ 646
Accounts receivable - Note H [1] 395 402
Inventories - Note F 730 629
Other assets 107 91
Total current assets 1,631 1,768
Property, plant and equipment    
Cost 3,164 3,050
Accumulated depreciation 1,813 1,712
Net property, plant and equipment 1,351 1,338
Goodwill - Note G 1,385 1,312
Intangibles - Note G 940 963
Operating lease assets, net - Note I 124 107
Restricted investments - Note E 349 313
Asbestos insurance receivable - Note L [2] 133 138
Deferred income taxes 20 20
Other assets 250 254
Total noncurrent assets 4,552 4,445
Total assets 6,183 6,213
Current liabilities    
Trade and other payables 246 265
Accrued expenses and other liabilities 206 269
Current operating lease obligations - Note I 20 19
Total current liabilities 472 553
Noncurrent liabilities    
Long-term debt - Note H 1,328 1,270
Asbestos litigation reserve - Note L 443 472
Deferred income taxes 175 176
Employee benefit obligations - Note K 110 103
Operating lease obligations - Note I 108 94
Other liabilities 280 325
Total noncurrent liabilities 2,444 2,440
Commitments and contingencies - Note L
Stockholders' equity - Note N 3,267 3,220
Total liabilities and stockholders' equity $ 6,183 $ 6,213
[1] Accounts receivable includes an allowance for credit losses of $4 million at both March 31, 2023 and September 30, 2022.
[2] Asbestos insurance receivable includes an allowance for credit losses of $3 million at both March 31, 2023 and September 30, 2022.