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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Sep. 30, 2021
Current assets    
Cash and cash equivalents $ 964 $ 210
Accounts receivable - Note H [1] 407 369
Inventories - Note F 573 473
Other assets 77 68
Current assets held for sale - Note B 4 597
Total current assets 2,025 1,717
Property, plant and equipment    
Cost 3,081 3,066
Accumulated depreciation 1,701 1,639
Net property, plant and equipment 1,380 1,427
Goodwill - Note G 1,404 1,430
Intangibles - Note G 1,041 1,099
Operating lease assets, net - Note I 115 124
Restricted investments - Note E 387 384
Asbestos insurance receivable - Note L [2] 131 134
Deferred income taxes 30 30
Other assets 267 267
Total noncurrent assets 4,755 4,895
Total assets 6,780 6,612
Current liabilities    
Short-term debt - Note H 0 365
Current portion of long-term debt - Note H 0 9
Trade and other payables 248 236
Accrued expenses and other liabilities 541 251
Current operating lease obligations - Note I 21 23
Current liabilities held for sale - Note B 0 50
Total current liabilities 810 934
Noncurrent liabilities    
Long-term debt - Note H 1,336 1,596
Asbestos litigation reserve - Note L 462 490
Deferred income taxes 218 237
Employee benefit obligations - Note K 140 144
Operating lease obligations - Note I 102 110
Other liabilities 331 349
Total noncurrent liabilities 2,589 2,926
Commitments and contingencies - Note L
Stockholders' equity - Note N 3,381 2,752
Total liabilities and stockholders' equity $ 6,780 $ 6,612
[1] Accounts receivable includes an allowance for credit losses of $2 million at both March 31, 2022 and September 30, 2021.
[2] Asbestos insurance receivable includes an allowance for credit losses of $3 million at both March 31, 2022 and September 30, 2021.