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Subsequent Events
9 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Dividend declared

On July 20, 2022, the Board declared a quarterly cash dividend of $0.125 per share of Valvoline common stock. The dividend is payable on September 15, 2022 to shareholders of record on August 31, 2022.

Strategic separation
On July 31, 2022, the Company entered into a definitive agreement to sell its Global Products business to Aramco for a cash purchase price of $2.65 billion, subject to customary adjustments with respect to working capital and net indebtedness. The transaction is subject to standard closing conditions, including regulatory approvals and is expected to close in late calendar year 2022 or early 2023. The Global Products reportable segment generated sales of approximately $1.6 billion in fiscal 2022 to-date from its engine and automotive products sold in more than 140 countries and territories to retailers, installers, and commercial customers to service light- and heavy-duty vehicles and equipment. The Global Products business is expected to be classified as held for sale and will be reflected in Valvoline’s financial statements as discontinued operations beginning in the fourth quarter of fiscal 2022 until closing of the sale.