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Statements of Consolidated Equity - USD ($)
$ in Millions
Total
Common stock [Member]
Paid-in capital [Member]
Retained earnings [Member]
Accumulated other comprehensive income (loss) [Member]
 [1]
Noncontrolling Interest [Member]
Balance at Sep. 30, 2016 $ 3,165 $ 1 $ 923 $ 2,704 $ (281) $ (182) [2]
Total comprehensive income (loss)            
Net income 28     1   27 [2]
Other comprehensive income (loss) 92       92  
Dividends, ($1.23, $.95, $1.05 per common share for 2017, 2018, 2019) (77)     (77)    
Common shares issued under stock incentive and other plans [3],[4] 15   15      
Distribution of Valvoline Inc. [2] 187     68 (33) 152
Other     (7)     7 [2]
Distributions to noncontrolling interest (4)         $ (4) [2]
Balance at Sep. 30, 2017 3,406 1 931 2,696 (222)  
Total comprehensive income (loss)            
Net income 114     114    
Other comprehensive income (loss) (69)       (69)  
Dividends, ($1.23, $.95, $1.05 per common share for 2017, 2018, 2019) (60)     (60)    
Common shares issued under stock incentive and other plans [3],[4] 15   15      
Balance at Sep. 30, 2018 3,406 1 946 2,750 (291)  
Adoption of new accounting pronouncements [5]       34 (34)  
Total comprehensive income (loss)            
Net income 505     505    
Other comprehensive income (loss) (85)       (85)  
Dividends, ($1.23, $.95, $1.05 per common share for 2017, 2018, 2019) (65)     (65)    
Common shares issued under stock incentive and other plans [3],[4] 10   10      
Repurchase of common stock [6] (200)   (200)      
Balance at Sep. 30, 2019 $ 3,571 $ 1 $ 756 $ 3,224 $ (410)  
[1] At September 30, 2019 and 2018, the accumulated other comprehensive loss of $410 million and $291 million, respectively, was comprised of net unrealized translation losses of $408 million and $328 million, respectively, net unrealized gains on investment securities of zero and $34 million, respectively, and unrecognized prior service costs as a result of certain employee benefit plan amendments of $2 million and unrecognized prior service credits of $3 million, respectively.
[2] See Note B for discussion of the noncontrolling interest and the initial public offering and distribution of Valvoline Inc.
[3] Common shares issued were 336,188, 360,468 and 42,861 for 2019, 2018 and 2017, respectively.
[4] Includes income tax expense resulting from the exercise of stock options of $1 million in 2019 and 2018, respectively, and income tax benefit of $4 million in 2017.
[5] Represents the cumulative-effect adjustment related to the adoption of the new guidance related to the accounting for equity securities and the tax effects of intercompany transfers during fiscal 2019.  See note A for more information
[6] Common shares repurchased were 2,637,054 for 2019