INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES (Tables)

12 Months Ended

Sep. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The company’s non-consolidated joint ventures and related direct ownership interest are as follows:

	September 30,
	2014		2013		2012
Meritor WABCO Vehicle Control Systems (Commercial Truck & Industrial)	50	%	50	%	50	%
Master Sistemas Automotivos Ltda. (Commercial Truck & Industrial)	49	%	49	%	49	%
Suspensys Sistemas Automotivos Ltda. (1) (Aftermarket & Trailer)	—	%	—	%	24	%
Sistemas Automotrices de Mexico S.A. de C.V. (Commercial Truck & Industrial)	50	%	50	%	50	%
Ege Fren Sanayii ve Ticaret A.S. (Commercial Truck & Industrial)	49	%	49	%	49	%
Automotive Axles Limited (Commercial Truck & Industrial)	36	%	36	%	36	%
ZF Meritor LLC (Commercial Truck & Industrial)	50	%	50	%	50	%

____________________

⁽¹⁾ Total direct and indirect ownership interest in fiscal year 2012 of 50 percent.

Schedule Of Investments In Non-Consolidated Joint Ventures

The company’s investments in non-consolidated joint ventures are as follows (in millions): 

	September 30,
	2014		2013
Commercial Truck & Industrial	$	106	$	102
Aftermarket & Trailer	—		—
Total investments in non-consolidated joint ventures	$	106	$	102

Income Loss From Equity Method Investments

The company’s equity in earnings of non-consolidated joint ventures is as follows (in millions): 

	Year Ended September 30,
	2014		2013		2012
Commercial Truck & Industrial	$	38	$	36	$	45
Aftermarket & Trailer	—		6		7
Total equity in earnings of affiliates	$	38	$	42	$	52

Summarized Balance Sheet Information Of Non-Consolidated Joint Ventures

The summarized financial information presented below represents the combined accounts of the company’s non-consolidated joint ventures related to its continuing operations (in millions): 

	September 30,
	2014		2013
Current assets	$	441	$	382
Non-current assets	152		150
Total assets	$	593	$	532
Current liabilities	$	262	$	219
Non-current liabilities	127		118
Total liabilities	$	389	$	337

Summarized Income Statement Information Of Non-Consolidated Joint Ventures

	Year Ended September 30,
	2014		2013		2012
Sales	$	1,268	$	1,552	$	1,787
Gross profit	167		201		215
Net income	458		96		123