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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Dec. 31, 2019
Sep. 30, 2019
Current assets    
Cash and cash equivalents $ 157 $ 232
Accounts receivable [1] 441 481
Inventories - Note F 633 597
Other assets 53 64
Current assets held for sale - Note B 60 59
Total current assets 1,344 1,433
Property, plant and equipment    
Cost 3,155 3,165
Accumulated depreciation 1,580 1,588
Net property, plant and equipment 1,575 1,577
Goodwill - Note G 2,274 2,253
Intangibles - Note G 1,072 1,088
Operating lease assets, net - Note I 157  
Restricted investments - Note E 314 310
Asbestos insurance receivable - Note L 156 157
Deferred income taxes 23 23
Other assets 411 410
Total noncurrent assets 5,982 5,818
Total assets 7,326 7,251
Current liabilities    
Short-term debt - Note H 179 166
Trade and other payables 234 313
Accrued expenses and other liabilities 245 271
Current operating lease obligations - Note I 24  
Current liabilities held for sale - Note B 6 7
Total current liabilities 688 757
Noncurrent liabilities    
Long-term debt - Note H 1,502 1,501
Asbestos litigation reserve - Note L 540 555
Deferred income taxes 250 264
Employee benefit obligations - Note K 152 150
Operating lease obligations - Note I 143  
Other liabilities 426 453
Total noncurrent liabilities 3,013 2,923
Commitments and contingencies - Note L
Stockholders’ equity 3,625 3,571
Total liabilities and stockholders' equity $ 7,326 $ 7,251
[1] Accounts receivable includes an allowance for doubtful accounts of $3 million at both December 31, 2019 and September 30, 2019.