SHAREOWNERS' EQUITY

12 Months Ended

Sep. 30, 2014

Equity [Abstract]

SHAREOWNERS' EQUITY

SHAREOWNERS’ EQUITY

Common Stock

The company is authorized to issue 500 million shares of Common Stock, with a par value of $1 per share, and 30 million shares of Preferred Stock, without par value, of which 2 million shares are designated as Series A Junior Participating Preferred Stock (Junior Preferred Stock). No shares of Preferred Stock and Junior Preferred Stock have been issued.

 In February 2012, the company filed a shelf registration statement with the Securities and Exchange Commission, which was amended in November 2012, registering up to $750 million of debt and/or equity securities that may be offered in one or more series on terms to be determined at the time of sale. The amount remaining at September 30, 2014 was $250 million.

The company has reserved approximately 10 million shares of Common Stock in connection with its 2010 Long-Term Incentive Plan, as amended (LTIP) for grants of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, performance shares, restricted share units and stock awards to key employees and directors. At September 30, 2014, there were 4.8 million shares available for future grants under these plans.

Accumulated Other Comprehensive Loss (AOCL)

The components of AOCL as reported in the Consolidated Balance Sheet and Statement of Equity (Deficit), and the changes in AOCL by components, net of tax, are as follows (in millions):

	Foreign Currency Translation			Employee Benefit Related Adjustments			Unrealized Loss, net of tax			Total
Balance at September 30, 2013	$	61		$	(792	)	$	(3	)	$	(734	)
Other comprehensive income (loss) before reclassification	(20		)	(21		)	2			(39		)
Amounts reclassified from accumulated other comprehensive loss - net of tax	—			24			—			24
Net current-period other comprehensive income (loss)	$	(20	)	$	3		$	2		$	(15	)
Balance at September 30, 2014	$	41		$	(789	)	$	(1	)	$	(749	)

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statement of Operations
Employee Benefit Related Adjustment
Amortization of prior service costs	$	(7	)	(a)
Amortization of actuarial losses	46			(a)
Recognized prior service costs due to curtailment	(15		)	(a)
	24			Total before tax
	—			Tax (benefit) expense
	$	24		Net of tax
Total reclassifications for the period	24			Net of tax
(a)  These accumulated other comprehensive income components are included in the computation of net periodic pension and retiree medical expense (see Note 19 and 20 for additional details).