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Other Noncurrent Assets and Liabilities

12 Months Ended

Sep. 30, 2019

Other Noncurrent Assets And Liabilities [Abstract]

NOTE K – OTHER NONCURRENT ASSETS AND LIABILITIES

The following table provides the components of other noncurrent assets in the Consolidated Balance Sheets as of September 30.

(In millions)	2019		2018
Deferred compensation investments	$	170	$	165
Tax and tax indemnity receivables		68		74
Life insurance policies		56		52
Manufacturing catalyst supplies		38		35
Defined benefit plan assets		33		35
Equity and other unconsolidated investments		6		8
Land use rights		6		11
Environmental insurance receivables		12		11
Debt issuance costs		4		6
Other		17		19
	$	410	$	416

Deferred compensation investments

Deferred compensation investments consist of insurance policies valued at cash surrender value. Gains and losses related to deferred compensation investments are immediately recognized within the selling, general and administrative expense caption on the Statements of Consolidated Comprehensive Income (Loss). The gains on these investments were $7 million, $10 million and $11 million during 2019, 2018 and 2017, respectively.

The following table provides the components of other noncurrent liabilities in the Consolidated Balance Sheets as of September 30.

(In millions)	2019		2018
Tax liabilities	$	220	$	176
Environmental remediation reserves		143		147
Deferred compensation		42		47
Other		48		52
	$	453	$	422