XML 27 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Net Income (Loss) Attributable to Parent [Abstract]        
Sales $ 578 $ 591 $ 1,185 $ 1,148
Cost of sales 371 388 767 762
Gross profit 207 203 418 386
Selling, general and administrative expenses 96 113 213 218
Net legacy and separation-related expenses (income) 0 3 (1) 3
Equity and other income, net (6) (9) (15) (18)
Operating income 117 96 221 183
Net pension and other postretirement plan income (9) (3) (18) (5)
Net interest and other financing expenses 38 19 54 36
Income before income taxes 88 80 185 152
Income tax expense 25 17 49 36
Net income $ 63 $ 63 $ 136 $ 116
NET EARNINGS PER SHARE        
Basic (usd per share) $ 0.33 $ 0.33 $ 0.72 $ 0.61
Diluted (usd per share) $ 0.33 $ 0.33 $ 0.72 $ 0.61
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (shares) 188 189 188 189
Diluted (shares) 188 189 189 189
COMPREHENSIVE INCOME        
Net income $ 63 $ 63 $ 136 $ 116
Other comprehensive (loss) income, net of tax        
Currency translation adjustments (21) 2 (13) (2)
Amortization of pension and other postretirement plan prior service credit (2) (2) (4) (4)
Other comprehensive loss (23) 0 (17) (6)
Comprehensive income $ 40 $ 63 $ 119 $ 110