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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Statement of Comprehensive Income [Abstract]        
Sales $ 604 $ 509 $ 1,115 $ 977
Cost of sales 384 349 735 670
Gross profit 220 160 380 307
Selling, general and administrative expense 90 79 172 180
Research and development expense 13 11 26 24
Intangibles amortization expense 24 22 47 43
Equity and other income 0 0 0 6
Operating income 93 48 135 66
Net interest and other expense 43 23 49 17
Other net periodic benefit income - Note K 1 0 1 0
Income (loss) on acquisitions and divestitures, net 7 (5) 7 9
Income from continuing operations before income taxes 58 20 94 58
Income tax expense (benefit) 20 (5) 24 (10)
Income from continuing operations 38 25 70 68
Income from discontinued operations (net of income taxes) - Note C 748 16 764 29
Net income $ 786 $ 41 $ 834 $ 97
Basic earnings per share - Note M        
Income from continuing operations $ 0.67 $ 0.41 $ 1.22 $ 1.11
Income from discontinued operations 13.23 0.27 13.48 0.48
Net income 13.90 0.68 14.70 1.59
Diluted earnings per share - Note M        
Income from continuing operations 0.66 0.40 1.20 1.10
Income from discontinued operations 13.03 0.27 13.25 0.47
Net income $ 13.69 $ 0.67 $ 14.45 $ 1.57
COMPREHENSIVE INCOME        
Net income $ 786 $ 41 $ 834 $ 97
Other comprehensive income, net of tax        
Unrealized translation gain (loss) (5) (34) (21) 14
Unrealized gain on commodity hedges 5 0 1 0
Other comprehensive income (loss), net of tax 0 (34) (20) 14
Comprehensive income $ 786 $ 7 $ 814 $ 111