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Discontinued Operations (Notes) | 6 Months Ended
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Mar. 31, 2022
Discontinued Operations [Abstract] |
Discontinued Operations | Discontinued Operations & Assets and Liabilities Held for Sale On April 30, 2019, the Company completed the sale of its Power Solutions business. 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. The following table summarizes the results of Power Solutions which are classified as discontinued operations (in millions):
|  |  | Six Months Ended March 31, 2021
Net sales |  |  | $ | — |
Income from discontinued operations before income taxes |  |  | 150 |
Provision for income taxes on discontinued operations |  |  | (26) |
Income from discontinued operations attributable to noncontrolling interests, net of tax |  |  | — |
Income from discontinued operations |  |  | $ | 124 |
There is no Power Solutions related activity for the three and six months ended March 31, 2022 and the three months ended March 31, 2021. Assets and Liabilities Held for Sale During the second quarter of fiscal 2022, the Company determined that its Global Retail business within its Building Solutions North America, Building Solutions Asia Pacific and Building Solutions EMEA/LA segments met the criteria to be classified as held for sale. The assets and liabilities of this business are presented as held for sale in the consolidated statements of financial position as of March 31, 2022. Assets and liabilities held for sale are required to be recorded at the lower of carrying value or fair value, less costs to sell in accordance with ASC 360-10-15, "Impairment or Disposal of Long-Lived Assets". The carrying amount of any assets, including goodwill, that are part of the disposal group, but not in the scope of ASC 360-10, should be tested for impairment under the relevant guidance prior to measuring the disposal group at fair value, less cost to sell. Accordingly, the Company recorded a non-cash impairment charge of $235 million within restructuring and impairment costs in the consolidated statements of income to write down the goodwill related to its North America Retail reporting unit. Refer to Note 8, "Goodwill and Other Intangible Assets," of the notes to the consolidated financial statements for further information regarding the goodwill impairment charges. Additionally, the Company has recorded total impairment charges of $86 million within restructuring and impairment costs in the consolidated statements of income to write down the disposal group to its estimated fair value, less costs to sell. Refer to Note 18, "Impairment of Long-Lived Assets," of the notes to the consolidated financial statements for further information regarding the impairment charges. The divestiture of the business held for sale could result in a gain or loss on sale to the extent the ultimate selling price differs from the current carrying value of the net assets recorded, which could be material. The business did not meet the criteria to be classified as a discontinued operation as the divestiture of the business does not represent a strategic shift that will have a major effect on the Company's operations and financial results. The following table summarizes the carrying value of the Global Retail assets and liabilities held for sale (in millions):
|  |  | March 31, 2022
Accounts receivable - net |  |  | $ | 195 |
Inventories |  |  | 142
Other current assets |  |  | 49
Current assets held for sale |  |  | $ | 386 |
Property, plant and equipment - net |  |  | $ | 90 |
Goodwill |  |  | 7 |
Other intangible assets - net |  |  | 544 |
Other noncurrent assets |  |  | 279 |
Noncurrent assets held for sale |  |  | $ | 920 |
Accounts payable |  |  | $ | 132 |
Accrued compensation and benefits |  |  | 32
Deferred revenue |  |  | 46
Other current liabilities |  |  | 116
Current liabilities held for sale |  |  | $ | 326 |
Other noncurrent liabilities |  |  | $ | 228 |
Noncurrent liabilities held for sale |  |  | $ | 228 |
During the third quarter of fiscal 2020, the Company determined that certain noncurrent 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 $159 million at March 31, 2022 and $156 million at September 30, 2021.

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- Definition Discontinued Operations [Abstract] + References No definition available. + Details
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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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