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Equity Items (Tables) | 9 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | Components of other comprehensive income (loss) recorded in the Statements of Consolidated Comprehensive Income (Loss) are presented below, before tax and net of tax effects.
|  | 2020 |  |  | 2019 |
(In millions) |  | Before tax |  |  | Tax (expense) benefit |  |  | Net of tax |  |  | Before tax |  |  | Tax (expense) benefit |  |  | Net of tax |
Three months ended June 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized translation gain (loss) |  | $ | 7 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |
Total other comprehensive income (loss) |  | $ | 7 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |
Nine months ended June 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized translation gain (loss) |  | $ | (7 | ) |  | $ | — |  |  | $ | (7 | ) |  | $ | (37 | ) |  | $ | — |  |  | $ | (37 | )
Pension and postretirement obligation adjustment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjustment of unrecognized prior service costs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | ) |  |  | 1 |  |  |  | (6 | )
Total other comprehensive income (loss) |  |  | (7 | ) |  |  | — |  |  |  | (7 | ) |  |  | (44 | ) |  |  | 1 |  |  |  | (43 | )
Summary of Reconciliation of Changes in Stockholders' Equity | Summary of stockholders’ equity A reconciliation of changes in stockholders’ equity are as follows:
|  | Three months ended |  |  | Nine months ended |
|  | June 30 |  |  | June 30 |
(In millions) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Common stock and paid in capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 766 |  |  | $ | 953 |  |  | $ | 757 |  |  | $ | 947 |
Common shares issued under stock incentive and other plans (a) |  |  | 3 |  |  |  | 2 |  |  |  | 12 |  |  |  | 8 |
Common shares purchased under repurchase program (b) |  |  |  |  |  |  | (200 | ) |  |  |  |  |  |  | (200 | )
Balance, end of period |  |  | 769 |  |  |  | 755 |  |  |  | 769 |  |  |  | 755 |
Retained earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | 2,641 |  |  |  | 2,780 |  |  |  | 3,224 |  |  |  | 2,750 |
Adoption of new accounting pronouncements (c) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 34 |
Net income (loss) |  |  | 37 |  |  |  | 66 |  |  |  | (513 | ) |  |  | 94 |
Regular dividends |  |  | (17 | ) |  |  | (16 | ) |  |  | (50 | ) |  |  | (48 | )
Balance, end of period |  |  | 2,661 |  |  |  | 2,830 |  |  |  | 2,661 |  |  |  | 2,830 |
Accumulated other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | (424 | ) |  |  | (371 | ) |  |  | (410 | ) |  |  | (291 | )
Adoption of new accounting pronouncements (c) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (34 | )
Unrealized translation gain (loss) |  |  | 7 |  |  |  | 3 |  |  |  | (7 | ) |  |  | (37 | )
Pension and postretirement obligation adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6 | )
Net change in investment securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of period |  |  | (417 | ) |  |  | (368 | ) |  |  | (417 | ) |  |  | (368 | )
Total stockholders' equity |  | $ | 3,013 |  |  | $ | 3,217 |  |  | $ | 3,013 |  |  | $ | 3,217 |
Cash dividends declared per common share |  | $ | 0.275 |  |  | $ | 0.275 |  |  | $ | 0.825 |  |  | $ | 0.775 |
| (a) | Common shares issued were 14,460 shares and 46,725 shares for the three months ended June 30, 2020 and 2019, respectively, and 293,485 shares and 281,077 shares for the nine months ended June 30, 2020 and 2019. |
| (b) | Common shares repurchased were zero shares and 2,236,546 in the three and nine months ended June 30, 2020 and 2019. |
| (c) | Represents the cumulative-effect adjustment related to the adoption of the new guidance related to the accounting for equity securities and tax effects of intercompany transfers during fiscal 2019. |

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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