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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Pretax (Loss) Income from Continuing Operations

The domestic and foreign pretax (loss) income from continuing operations is as follows:

			Fiscal Year Ended September 30,
			2020						2019						2018
			(in millions)
Domestic			$	(655)					$	84					$	347
Foreign			208						183						95
(Loss) income before income taxes			$	(447)					$	267					$	442

Current and Deferred Income Taxes

Current and deferred income tax expense provided are as follows:

			Fiscal Year Ended September 30,
			2020						2019						2018
			(in millions)
Federal:
Current			$	3					$	—					$	—
Deferred			(28)						(49)						91
Foreign:
Current (a)			74						74						58
Deferred			(28)						(18)						(26)
U.S. State:
Current			3						3						6
Deferred			(1)						(1)						1
Income tax expense			$	23					$	9					$	130

______________________________________

(a)Includes withholding taxes of $15 million, $17 million and $15 million for the fiscal years ended September 30, 2020, 2019 and 2018, respectively.

Differences between U.S. Federal Statutory Income Tax Rate of 35% and Income Taxes Provided

The differences between the U.S. federal statutory income tax rate of 21.0%, 21.0% and 24.5% for the fiscal years ended September 30, 2020, 2019 and 2018, respectively, and income taxes provided are as follows:

			Fiscal Year Ended September 30,
			2020						2019						2018
			(in millions)
Taxes on income at the U.S. federal statutory rate			$	(94)					$	56					$	108
U.S. state and local taxes			2						2						7
Foreign income taxed at different rates, including withholding taxes			10						16						19
Increase in valuation allowance			1						1						4
Release of valuation allowance			(38)						(65)						(14)
Change in tax rates			4						(4)						23
Impact of GILTI and FDII			2						(4)						—
Intergroup transfer			—						—						(30)
IPO Costs			22						—						—
Executive Compensation			2						—						—
Non-deductible long term incentive plan			112						6						8
Other			—						1						5
Income tax expense			$	23					$	9					$	130

Significant Components of Company's Net Deferred Tax Assets/(Liabilities)

Significant components of the Company’s net deferred tax liabilities are summarized below:

			September 30, 2020						September 30, 2019
			(in millions)
Deferred tax assets:
Allowances and reserves			$	30					$	27
Employee benefits and compensation			80						79
Other accruals			19						17
Tax attribute carryforwards			168						203
Other			22						3
Total deferred tax assets			319						329
Less: Valuation allowance			(45)						(91)
Deferred tax assets, net of valuation allowance			274						238
Deferred tax liabilities:
Intangible assets			(369)						(372)
Total deferred tax liabilities			(369)						(372)
Net deferred tax liabilities			$	(95)					$	(134)

Reconciliation of Unrecognized Tax Benefits Including Interest and Penalties

A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, are as follows (in millions):

Balance at September 30, 2017			$	19
Additions for current year tax positions			3
Additions for prior year tax positions			3
Subtractions for prior year tax positions			(7)
Balance at September 30, 2018			$	18
Additions for prior year tax positions			1
Subtractions for prior year tax positions			(7)
Balance at September 30, 2019			$	12
Additions for prior year tax positions			3
Subtractions for prior year tax positions			(3)
Balance at September 30, 2020			$	12

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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