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Discontinued Operations (Notes)
3 Months Ended
Dec. 31, 2020
Discontinued Operations [Abstract]  
Discontinued Operations Discontinued OperationsOn April 30, 2019, the Company completed the sale of its Power Solutions business, which met the criteria to be classified as a discontinued operation, to BCP Acquisitions LLC for a purchase price of $13.2 billion. The net cash proceeds after tax and transaction-related expenses were $11.6 billion. In connection with the sale, the Company recorded a gain, net of transaction and other costs, of $5.2 billion ($4.0 billion after tax), subject to post-closing working capital and net debt adjustments, within income from discontinued operations, net of tax, in the consolidated statements of income. In December 2020, the favorable resolution of certain post-closing working capital and net debt adjustments resulted in income from discontinued operations, net of tax, of $124 million due to a reversal of a reserve established in connection with the sale of Power Solutions.
The following table summarizes the results of Power Solutions which are classified as discontinued operations for the three months ended December 31, 2020 (in millions). As the Power Solutions sale occurred on April 30, 2019, there is no activity related to the three months ended December 31, 2019.
 Three Months Ended
December 31,
2020
Net sales$— 
Income from discontinued operations before income taxes150 
Provision for income taxes on discontinued operations
(26)
Income from discontinued operations attributable to noncontrolling interests, net of tax
— 
Income from discontinued operations$124 


Assets and Liabilities Held for Sale
During the third quarter of fiscal 2020, the Company determined that certain assets of the Building Solutions Asia Pacific segment met the criteria to be classified as held for sale. The estimated fair value, less costs to sell, of these assets was $155 million at December 31, 2020 and $147 million at September 30, 2020.