XML 167 R58.htm IDEA: XBRL DOCUMENT v2.4.0.8
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
 12 Months Ended
Sep. 30, 2014
Operating Cash Flow Disclosure [Abstract]  
Schedule of Operating Cash Flows
 
Year Ended September 30,
 
2014
 
2013
 
2012
OPERATING ACTIVITIES
 
 
 
 
 
Net income (loss)
$
254

 
$
(20
)
 
$
63

Less: Loss from discontinued operations, net of tax
(30
)
 
(7
)
 
(17
)
Income (loss) from continuing operations
284

 
(13
)
 
80

Adjustments to income (loss) from continuing operations to arrive at cash provided by (used for) operating activities:
 
 
 
 
 
Depreciation and amortization
67

 
67

 
63

Deferred income tax expense (benefit)
(2
)
 
(4
)
 
13

Restructuring costs
10

 
23

 
39

Loss on debt extinguishment
31

 
24

 
—

Equity in earnings of ZF Meritor
(190
)
 
—

 
—

Equity in earnings of other affiliates
(38
)
 
(42
)
 
(52
)
Stock compensation expense
8

 
5

 
6

Provision for doubtful accounts
—

 
3

 
2

Pension and retiree medical expense
25

 
151

 
53

Gain on sale of equity investment
—

 
(125
)
 
—

Gain on sale of property
—

 
—

 
(16
)
Dividends received from ZF Meritor
190

 
—

 
—

Dividends received from other equity method investments
36

 
30

 
47

Pension and retiree medical contributions
(177
)
 
(153
)
 
(140
)
Restructuring payments
(10
)
 
(23
)
 
(22
)
Changes in off-balance sheet receivable securitization and factoring programs
(46
)
 
43

 
(24
)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, foreign currency adjustments and discontinued operations:
 
 
 
 
 
Receivables
34

 
(87
)
 
150

Inventories
(9
)
 
18

 
11

Accounts payable
(5
)
 
(31
)
 
(118
)
Other current assets and liabilities
19

 
37

 
(20
)
Other assets and liabilities
—

 
(1
)
 
24

Operating cash flows provided by (used by) continuing operations
227

 
(78
)
 
96

Operating cash flows used for discontinued operations
(12
)
 
(18
)
 
(19
)
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
$
215

 
$
(96
)
 
$
77
Schedule of Supplemental Financial Information
 
September 30,
 
2014
 
2013
 
2012
 
(In millions)
Balance sheet data:
 
 
 
 
 
Allowance for doubtful accounts
$
6

 
$
9

 
$
7

Statement of operations data:
 
 
 
 
 
Maintenance and repairs expense
59

 
61

 
44

Research, development and engineering expense
71

 
71

 
73

Depreciation expense
62

 
61

 
59

Rental expense
16

 
25

 
20

Interest income
2

 
2

 
2

Interest expense
(132
)
 
(128
)
 
(97
)
Statement of cash flows data:
 
 
 
 
 
Interest payments
84

 
77

 
83

Income tax payments, net of refunds
26

 
63

 
51

Non-cash investing activities - capital asset additions from capital leases
5

 
22

 
19