XML 58 R39.htm IDEA: XBRL DOCUMENT v3.21.2

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

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

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

			Fiscal Year Ended September 30,
			2021						2020						2019
			(in millions)
Domestic			$	182					$	(655)					$	84
Foreign			274						208						183
Income (loss) before income taxes			$	456					$	(447)					$	267

Current and Deferred Income Taxes

Current and deferred income tax expense provided are as follows:

			Fiscal Year Ended September 30,
			2021						2020						2019
			(in millions)
Federal:
Current			$	6					$	3					$	—
Deferred			31						(28)						(49)
Foreign:
Current (a)			107						74						74
Deferred			(5)						(28)						(18)
U.S. State:
Current			9						3						3
Deferred			1						(1)						(1)
Income tax expense			$	149					$	23					$	9

______________________________________

(a)Includes withholding taxes of $26 million, $15 million and $17 million for the fiscal years ended September 30, 2021, 2020 and 2019, 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% for each of the fiscal years ended September 30, 2021, 2020 and 2019 and income taxes provided are as follows:

			Fiscal Year Ended September 30,
			2021						2020						2019
			(in millions)
Taxes on income at the U.S. federal statutory rate			$	96					$	(94)					$	56
U.S. state and local taxes			10						2						2
Foreign income taxed at different rates, including withholding taxes			34						10						16
Increase in valuation allowance			2						1						1
Release of valuation allowance			(6)						(38)						(65)
Change in tax rates			10						4						(4)
Impact of GILTI and FDII			(4)						2						(4)
IPO Costs			—						22						—
Executive Compensation			2						2						—
Non-deductible long term incentive plan			3						112						6
Other			2						—						1
Income tax expense			$	149					$	23					$	9

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, 2021						September 30, 2020
			(in millions)
Deferred tax assets:
Allowances and reserves			$	25					$	30
Employee benefits and compensation			78						80
Other accruals			14						19
Tax attribute carryforwards			135						168
Other			3						22
Total deferred tax assets			255						319
Less: Valuation allowance			(38)						(45)
Deferred tax assets, net of valuation allowance			217						274
Deferred tax liabilities:
Intangible assets			(393)						(369)
Total deferred tax liabilities			(393)						(369)
Net deferred tax liabilities			$	(176)					$	(95)

Reconciliation of Unrecognized Tax Benefits Including Interest and Penalties

The following table reflects changes in the gross unrecognized tax benefits, including interest and penalties:

			Fiscal Year Ended September 30,
			2021						2020						2019
			(in millions)
Gross unrecognized tax benefits - beginning of period			$	12					$	12					$	18
Additions for prior year tax positions			3						3						1
Subtractions for prior year tax positions			(3)						(3)						(7)
Gross unrecognized tax benefits - end of period			$	12					$	12					$	12

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration