Nonconsolidated Partially-Owned Affiliates (Notes)

12 Months Ended

Sep. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

NONCONSOLIDATED PARTIALLY-OWNED AFFILIATES

Investments in the net assets of nonconsolidated partially-owned affiliates are stated in the "Investments in partially-owned affiliates" line in the consolidated statements of financial position as of September 30, 2020 and 2019. Equity in the net income of nonconsolidated partially-owned affiliates is stated in the "Equity income" line in the consolidated statements of income for the years ended September 30, 2020, 2019 and 2018.

The following table presents aggregated summarized financial data for the Company’s nonconsolidated partially-owned affiliates which were considered significant subsidiaries in fiscal 2019 and 2018, but not in fiscal 2020 due to adoption of the SEC Final Rule Release No. 33-10786. The amounts included in the table below represent 100% of the results of continuing operations of such nonconsolidated partially-owned affiliates accounted for under the equity method.

Summarized balance sheet data as of September 30, 2019 is as follows (in millions):



	September 30, 2019
Current assets	$	2,941
Noncurrent assets	1,020
Total assets	$	3,961

Current liabilities	$	2,135
Noncurrent liabilities	157
Noncontrolling interests	67
Shareholders’ equity	1,602
Total liabilities and shareholders’ equity	$	3,961

Summarized income statement data for the years ended September 30, 2019 and 2018 is as follows (in millions):


	Year Ended September 30,
	2019		2018
Net sales	$	3,882	$	3,974
Gross profit	1,070		1,049
Net income	411		390
Income attributable to noncontrolling interests	13		10
Net income attributable to the entity	398		380