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Nonconsolidated Partially-Owned Affiliates (Notes) | 12 Months Ended
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Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract] |
NONCONSOLIDATED PARTIALLY-OWNED AFFILIATES | 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, 2019 and 2018. 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, 2019, 2018 and 2017. The following table presents summarized financial data for the Company’s nonconsolidated partially-owned affiliates. 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 and 2018 is as follows (in millions):
| September 30,
| 2019 |  | 2018
Current assets | $ | 2,941 |  |  | $ | 3,134 |
Noncurrent assets | 1,020 |  |  | 804 |
Total assets | $ | 3,961 |  |  | $ | 3,938 |
Current liabilities | $ | 2,135 |  |  | $ | 2,111 |
Noncurrent liabilities | 157 |  |  | 150 |
Noncontrolling interests | 67 |  |  | 39 |
Shareholders’ equity | 1,602 |  |  | 1,638 |
Total liabilities and shareholders’ equity | $ | 3,961 |  |  | $ | 3,938 |
Summarized income statement data for the years ended September 30, 2019, 2018 and 2017 is as follows (in millions):
| Year Ended September 30,
| 2019 |  | 2018 |  | 2017
Net sales | $ | 3,882 |  |  | $ | 3,974 |  |  | $ | 3,113 |
Gross profit | 1,070 |  |  | 1,049 |  |  | 855 |
Net income | 411 |  |  | 390 |  |  | 347 |
Income attributable to noncontrolling interests | 13 |  |  | 10 |  |  | 11 |
Net income attributable to the entity | 398 |  |  | 380 |  |  | 336 |

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- References No definition available. + Details
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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