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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Sep. 30, 2024
Current assets    
Cash and cash equivalents $ 168 $ 300
Accounts receivable, net - Note H [1] 226 243
Inventories - Note F 542 545
Other assets 139 107
Total current assets 1,075 1,195
Property, plant and equipment    
Cost 3,261 3,316
Accumulated depreciation 2,041 2,013
Net property, plant and equipment 1,220 1,303
Goodwill - Note G 1,356 1,381
Intangibles - Note G 580 751
Operating lease assets, net - Note I 98 114
Restricted investments - Note E 272 295
Asbestos insurance receivable, net - Note L [2] 126 132
Deferred income taxes 241 210
Other assets 265 264
Total noncurrent assets 4,158 4,450
Total assets 5,233 5,645
Current liabilities    
Short-term debt - Note H 50 0
Trade and other payables 185 214
Accrued expenses and other liabilities 209 256
Current operating lease obligations - Note I 19 20
Total current liabilities 463 490
Noncurrent liabilities    
Long-term debt - Note H 1,336 1,349
Asbestos litigation reserve - Note L 391 414
Deferred income taxes 29 29
Employee benefit obligations - Note K 110 110
Operating lease obligations - Note I 82 99
Other liabilities 263 286
Total noncurrent liabilities 2,211 2,287
Commitments and contingencies - Note L
Stockholders' equity - Note N 2,559 2,868
Total liabilities and stockholders' equity $ 5,233 $ 5,645
[1] Accounts receivable, net includes an allowance for credit losses of $2 million at both March 31, 2025 and September 30, 2024.
[2] Asbestos insurance receivable, net includes an allowance for credit losses of $2 million at both March 31, 2025 and September 30, 2024.