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Guarantor Financial Information
 6 Months Ended
Mar. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Guarantor Financial Information GUARANTOR FINANCIAL INFORMATION
As described in Note 7, Valvoline issued the 2030 Notes in an unregistered private offering in February 2020 and used a portion of the net proceeds to redeem in full its 2024 Notes. The 2025 Notes described in Note 7 were registered in an exchange offer completed in December 2017 and remain subject to Rule 3-10 of SEC Regulation S-X.

The 2025 Notes are general unsecured senior obligations of Valvoline Inc. and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by the combined wholly-owned “Guarantor Subsidiaries.” Other subsidiaries (the “Non-Guarantor Subsidiaries”) largely represent the international operations of the Company, which do not guarantee the 2025 Notes.

The accompanying condensed consolidating financial statements are included in accordance with Rule 3-10(f) of SEC Regulation S-X and present, on a consolidating basis, the condensed statements of comprehensive income, condensed balance sheets, and condensed statements of cash flows for the parent issuer of the 2025 Notes, the Guarantor Subsidiaries on a combined basis, the Non-Guarantor Subsidiaries on a combined basis, and the eliminations necessary to arrive at the Company’s consolidated results.
Condensed Consolidating Statements of Comprehensive Income
For the three months ended March 31, 2020
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Sales$—  $468  $122  $(12) $578  
Cost of sales—  297  86  (12) 371  
Gross profit—  171  36  —  207  
Selling, general and administrative (income) expenses(1) 75  22  —  96  
Equity and other (income) expenses, net—  (13) 7  —  (6) 
Operating income1  109  7  —  117  
Net pension and other postretirement plan income—  (9) —  —  (9) 
Net interest and other financing expenses36  2  —  —  38  
(Loss) income before income taxes(35) 116  7  —  88  
Income tax (benefit) expense (8) 31  2  —  25  
Equity in net income of subsidiaries(90) (5) —  95  —  
Net income$63  $90  $5  $(95) $63  
Total comprehensive income (loss)$40  $69  $(15) $(54) $40  
Condensed Consolidating Statements of Comprehensive Income
For the three months ended March 31, 2019
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Sales$—  $465  $143  $(17) $591  
Cost of sales—  300  105  (17) 388  
Gross profit—  165  38  —  203  
Selling, general and administrative expenses2  90  21  —  113  
Net legacy and separation-related expenses3  —  —  —  3  
Equity and other (income) expenses, net—  (14) 5  —  (9) 
Operating (loss) income(5) 89  12  —  96  
Net pension and other postretirement plan income—  (3) —  —  (3) 
Net interest and other financing expenses15  2  2  —  19  
(Loss) income before income taxes(20) 90  10  —  80  
Income tax (benefit) expense(6) 21  2  —  17  
Equity in net income of subsidiaries(77) (8) —  85  —  
Net income$63  $77  $8  $(85) $63  
Total comprehensive income$63  $77  $9  $(86) $63  
Condensed Consolidating Statements of Comprehensive Income
For the six months ended March 31, 2020
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Sales$—  $948  $262  $(25) $1,185  
Cost of sales—  606  186  (25) 767  
Gross profit—  342  76  —  418  
Selling, general and administrative expenses3  163  47  —  213  
Net legacy and separation-related income(1) —  —  —  (1) 
Equity and other (income) expenses, net—  (26) 11  —  (15) 
Operating (loss) income(2) 205  18  —  221  
Net pension and other postretirement plan income—  (18) —  —  (18) 
Net interest and other financing expenses51  3  —  —  54  
(Loss) income before income taxes(53) 220  18  —  185  
Income tax (benefit) expense(14) 58  5  —  49  
Equity in net income of subsidiaries(175) (13) —  188  —  
Net income$136  $175  $13  $(188) $136  
Total comprehensive income$119  $158  $—  $(158) $119  
Condensed Consolidating Statements of Comprehensive Income
For the six months ended March 31, 2019
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Sales$—  $905  $275  $(32) $1,148  
Cost of sales—  593  201  (32) 762  
Gross profit—  312  74  —  386  
Selling, general and administrative expenses5  171  42  —  218  
Net legacy and separation-related expenses3  —  —  —  3  
Equity and other (income) expenses, net—  (27) 9  —  (18) 
Operating (loss) income(8) 168  23  —  183  
Net pension and other postretirement plan income—  (5) —  —  (5) 
Net interest and other financing expenses30  3  3  —  36  
(Loss) income before income taxes(38) 170  20  —  152  
Income tax (benefit) expense(11) 41  6  —  36  
Equity in net income of subsidiaries(143) (14) —  157  —  
Net income$116  $143  $14  $(157) $116  
Total comprehensive income$110  $137  $11  $(148) $110  
Condensed Consolidating Balance Sheets
As of March 31, 2020
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Assets
Current assets
Cash and cash equivalents$—  $625  $149  $—  $774  
Accounts receivable, net—  212  281  (141) 352  
Inventories, net—  119  90  —  209  
Prepaid expenses and other current assets—  39  10  —  49  
Total current assets—  995  530  (141) 1,384  
Noncurrent assets
Property, plant and equipment, net—  432  77  —  509  
Operating lease assets—  215  39  —  254  
Goodwill and intangibles, net—  427  76  —  503  
Equity method investments—  37  —  —  37  
Investment in subsidiaries1,770  493  —  (2,263) —  
Deferred income taxes63  22  14  —  99  
Other noncurrent assets2  117  12  —  131  
Total noncurrent assets1,835  1,743  218  (2,263) 1,533  
Total assets$1,835  $2,738  $748  $(2,404) $2,917  
Liabilities and Stockholders’ Deficit
Current liabilities
Trade and other payables$118  $128  $81  $(141) $186  
Accrued expenses and other liabilities13  162  40  —  215  
Total current liabilities131  290  121  (141) 401  
Noncurrent liabilities
Long-term debt1,912  1  90  —  2,003  
Employee benefit obligations—  345  16  —  361  
Operating lease liabilities—  199  27  —  226  
Other noncurrent liabilities29  133  1  —  163  
Total noncurrent liabilities1,941  678  134  —  2,753  
Commitments and contingencies
Stockholders’ (deficit) equity(237) 1,770  493  (2,263) (237) 
Total liabilities and stockholders’ deficit / equity$1,835  $2,738  $748  $(2,404) $2,917  
Condensed Consolidating Balance Sheets
As of September 30, 2019
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Assets
Current assets
Cash and cash equivalents$—  $59  $100  $—  $159  
Accounts receivable, net—  181  338  (118) 401  
Inventories, net—  110  84  —  194  
Prepaid expenses and other current assets—  35  8  —  43  
Total current assets—  385  530  (118) 797  
Noncurrent assets
Property, plant and equipment, net—  431  67  —  498  
Goodwill and intangibles, net—  423  81  —  504  
Equity method investments—  34  —  —  34  
Investment in subsidiaries1,157  546  —  (1,703) —  
Deferred income taxes48  61  14  —  123  
Other noncurrent assets3  96  9  —  108  
Total noncurrent assets1,208  1,591  171  (1,703) 1,267  
Total assets$1,208  $1,976  $701  $(1,821) $2,064  
Liabilities and Stockholders’ Deficit
Current liabilities
Current portion of long-term debt$15  $—  $—  $—  $15  
Trade and other payables80  127  82  (118) 171  
Accrued expenses and other liabilities9  175  53  —  237  
Total current liabilities104  302  135  (118) 423  
Noncurrent liabilities
Long-term debt1,326  1  —  —  1,327  
Employee benefit obligations—  369  18  —  387  
Other noncurrent liabilities36  147  2  —  185  
Total noncurrent liabilities1,362  517  20  —  1,899  
Commitments and contingencies
Stockholders’ (deficit) equity(258) 1,157  546  (1,703) (258) 
Total liabilities and stockholders’ deficit / equity$1,208  $1,976  $701  $(1,821) $2,064  
Condensed Consolidating Statements of Cash Flows
For the six months ended March 31, 2020
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Cash flows (used in) provided by operating activities$(448) $619  $(17) $—  $154  
Cash flows from investing activities
Additions to property, plant and equipment—  (40) (17) —  (57) 
Acquisitions, net of cash acquired—  (11) —  —  (11) 
Other investing activities, net—  (1) (2) —  (3) 
Cash flows used in investing activities—  (52) (19) —  (71) 
Cash flows from financing activities
Proceeds from borrowings, net of issuance costs1,042  —  90  —  1,132  
Repayments on borrowings(475) —  —  —  (475) 
Premium paid to extinguish debt(15) —  —  —  (15) 
Repurchases of common stock(60) —  —  —  (60) 
Cash dividends paid(42) —  —  —  (42) 
Other financing activities(2) (1) —  —  (3) 
Cash flows provided by (used in) financing activities448  (1) 90  —  537  
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash—  —  (4) —  (4) 
Increase in cash, cash equivalents, and restricted cash—  566  50  —  616  
Cash, cash equivalents, and restricted cash - beginning of year—  59  100  —  159  
Cash, cash equivalents, and restricted cash - end of period$—  $625  $150  $—  $775  
Condensed Consolidating Statements of Cash Flows
For the six months ended March 31, 2019
(In millions)Valvoline Inc.
(Parent Issuer)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Cash flows provided by operating activities$18  $65  $51  $—  $134  
Cash flows from investing activities
Additions to property, plant and equipment—  (40) (8) —  (48) 
Acquisitions, net of cash acquired—  (13) (22) —  (35) 
Other investing activities, net—  —  (2) —  (2) 
Cash flows used in investing activities—  (53) (32) —  (85) 
Cash flows from financing activities
Proceeds from borrowings, net of issuance costs87  —  75  —  162  
Repayments on borrowings(63) —  (74) —  (137) 
Cash dividends paid(40) —  —  —  (40) 
Other financing activities(2) (2) (1) —  (5) 
Cash flows used in financing activities(18) (2) —  —  (20) 
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash—  —  —  —  —  
Increase in cash, cash equivalents, and restricted cash—  10  19  —  29  
Cash, cash equivalents, and restricted cash - beginning of year—  20  76  —  96  
Cash, cash equivalents, and restricted cash - end of period$—  $30  $95  $—  $125