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Equity Method Investments (Tables)
12 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Financial Information Summarized financial information for Valvoline’s equity method investments follows as of and for the years ended September 30:
(In millions)20192018
Financial position
Current assets$123  $116  
Current liabilities(77) (76) 
Working capital46  40  
Noncurrent assets23  23  
Noncurrent liabilities(2) (1) 
Stockholders’ equity$67  $62  

(In millions)201920182017
Results of operations
Sales$309  $313  $289  
Income from operations$59  $62  $53  
Net income$24  $27  $25  

The Company’s transactions with affiliate companies accounted for under the equity method were as follows for the years ended September 30:
(In millions)201920182017
Equity income (a)
$12  $14  $12  
Distributions received$ $10  $ 
Royalty income (a)
$ $ $ 
Sales to$12  $12  $12  
Purchases from$ $ $—  
(a)Equity and royalty income are recognized in Equity and other income, net in the Consolidated Statements of Comprehensive Income and are primarily recorded within the International reportable segment.