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Impairment of Long-Lived Assets (Notes)
6 Months Ended
Mar. 31, 2016
Disclosure of Impairment of Long-Lived Assets [Abstract]  
Asset Impairment Charges [Text Block]
Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, "Impairment or Disposal of Long-Lived Assets." ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset group is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals.

In the second quarter of fiscal 2016, the Company concluded it had a triggering event requiring assessment of impairment for certain of its long-lived assets in conjunction with its restructuring actions announced for its Automotive Experience and Building Efficiency businesses and at Corporate. As a result, the Company reviewed the long-lived assets for impairment and recorded a $29 million impairment charge within restructuring and impairment costs on the consolidated statements of income. Of the total impairment charge, $9 million related to the Automotive Experience Seating segment, $8 million related to the Building Efficiency Products North America segment, $5 million related to Corporate assets, $4 million related to the Building Efficiency Asia segment and $3 million related to the Building Efficiency Rest of World segment. Refer to Note 9, "Significant Restructuring and Impairment Costs," of the notes to consolidated financial statements for additional information. The impairments were measured, depending on the asset, under either an income approach utilizing forecasted discounted cash flows or a market approach utilizing an appraisal to determine fair values of the impaired assets. These methods are consistent with the methods the Company employed in prior periods to value other long-lived assets. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, "Fair Value Measurement." The Company concluded it did not have any other significant triggering events requiring assessment of impairment of its long-lived assets at March 31, 2016.

At March 31, 2015, the Company concluded it did not have any significant triggering events requiring assessment of impairment of its long-lived assets.