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STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS    
Net income (loss) $ (513) $ 94
Income (loss) from discontinued operations (net of income taxes) 22 (97)
Adjustments to reconcile income from continuing operations to cash flows from operating activities    
Depreciation and amortization 183 225
Original issue discount and debt issuance costs amortization 14 6
Deferred income taxes (30) 1
Distributions to equity affiliates (1)  
Stock based compensation expense 11 17
(Income) loss from restricted investments (17) (10)
Excess tax benefit on stock based compensation 1 3
Loss on early retirement of debt 59  
Impairments 530 8
Pension contributions (5) (4)
Gain on pension and other postretirement plan remeasurements   (18)
Change in operating assets and liabilities [1] (101) (132)
Total cash flows provided by operating activities from continuing operations 153 93
CASH FLOWS PROVIDED (USED) BY INVESTING ACTIVITIES FROM CONTINUING OPERATIONS    
Additions to property, plant and equipment (94) (103)
Proceeds from disposal of property, plant and equipment 1 4
Purchase of operations   (2)
Proceeds from settlement of Company-owned life insurance contracts 7 1
Company-owned life insurance payments (2) (1)
Net purchase of funds restricted for specific transactions (3) (2)
Reimbursement from restricted investments 26 25
Proceeds from sales of securities 16 156
Purchase of securities (16) (156)
Proceeds from the settlement of derivative instruments   4
Payments for the settlement of derivative instruments   (2)
Total cash flows used by investing activities from continuing operations (65) (76)
CASH FLOWS PROVIDED (USED) BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS    
Proceeds from issuance of long-term debt 804  
Repayment of long-term debt (767) (10)
Premium on long-term debt repayment (59)  
Proceeds from (repayment of) short-term debt 281 83
Debt issuance costs (11)  
Cash dividends paid (50) (48)
Repurchase of common stock   (200)
Stock based compensation employee withholding taxes paid in cash (6) (8)
Total cash flows provided (used) by financing activities from continuing operations 192 (183)
CASH PROVIDED (USED) BY CONTINUING OPERATIONS 280 (166)
Cash provided (used) by discontinued operations    
Operating cash flows (98) 0
Investing cash flows 1 6
Total cash provided (used) by discontinued operations (97) 6
Effect of currency exchange rate changes on cash and cash equivalents 1 (2)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 184 (162)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 232 294
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 416 $ 132
[1] Excludes changes resulting from operations acquired, sold or held for sale.