Nonconsolidated Partially-Owned Affiliates (Notes)

12 Months Ended

Sep. 30, 2019

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, 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