Divestitures (Tables)

9 Months Ended

Jun. 30, 2019

Summary of Assets and Liabilities Held for Sale

The assets and liabilities of Composites and the Marl facility, including Maleic, along with other corporate asset divestitures for current and prior periods have been reflected as assets and liabilities held for sale. As a result, in accordance with U.S. GAAP standards, depreciation and amortization are no longer being recorded within the Statements of Consolidated Comprehensive Income (Loss) and the Condensed Consolidated Balance Sheets. These assets and liabilities are comprised of the following components:

	June 30		September 30
(In millions)	2019		2018
Accounts receivable, net (a)	$	168	$	159
Inventories		71		67
Net property, plant and equipment		269		—
Goodwill		144		—
Intangibles		38		—
Deferred income taxes		7		—
Other assets		59		14
Current assets held for sale	$	756	$	240

Net property, plant and equipment	$	—	$	254
Goodwill		—		144
Intangibles		—		40
Deferred income taxes		—		7
Other assets		—		32
Noncurrent assets held for sale	$	—	$	477

Trade and other payables	$	123	$	152
Employee benefit obligations		23		—
Accrued expenses and other liabilities		11		11
Other liabilities		2		—
Current liabilities held for sale	$	159	$	163

Employee benefit obligations		—		23
Other liabilities		—		3
Noncurrent liabilities held for sale	$	—	$	26

(a)

Accounts receivable included an allowance for doubtful accounts of $3 million at both June 30, 2019 and September 30, 2018.