XML 31 R86.htm IDEA: XBRL DOCUMENT v3.2.0.727
Supplemental Guarantor Condensed Consolidating Financial Statements (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Amount of restricted net assets for consolidated and unconsolidated subsidiaries $ 29   $ 29  
Sales        
Total Sales 909 $ 979 2,652 $ 2,833
Cost of sales (785) (855) (2,298) (2,486)
GROSS MARGIN 124 124 354 347
Selling, general and administrative (65) (53) (187) (178)
Restructuring costs (9) 0 (15) (3)
Other operating income (expense), net 1 (1) 2 (2)
OPERATING INCOME (LOSS) 51 70 154 164
Other income (expense), net (1) 0 3 0
Equity in earnings of ZF Meritor 0 190 0 190
Equity in earnings of other affiliates 10 11 28 28
Equity in earnings of affiliates 10   28 28
Interest income (expense), net (38) (22) (78) (97)
INCOME BEFORE INCOME TAXES 22 249 107 285
Provision for income taxes (6) (12) (19) (31)
Equity income from continuing operations of subsidiaries 0 0 0 0
INCOME FROM CONTINUING OPERATIONS 16 237 88 254
LOSS FROM DISCONTINUED OPERATIONS, net of tax (2) (3) (1) (4)
NET INCOME 14 234 87 250
Less: Net income attributable to noncontrolling interests (1) 0 (2) (4)
NET INCOME ATTRIBUTABLE TO MERITOR, INC. 13 234 85 246
External Sales        
Sales        
Total Sales 909 979 2,652 2,833
Subsidiaries Sales        
Sales        
Total Sales 0 0 0 0
Parent        
Sales        
Total Sales 0 0 0 0
Cost of sales (14) (14) (38) (40)
GROSS MARGIN (14) (14) (38) (40)
Selling, general and administrative (20) (28) (54) (68)
Restructuring costs 0   (1) (1)
Other operating income (expense), net (2) 0 (2) 0
OPERATING INCOME (LOSS) (36) (42) (95) (109)
Other income (expense), net 10 13 47 52
Equity in earnings of ZF Meritor   0   0
Equity in earnings of other affiliates   0   0
Equity in earnings of affiliates 0   0  
Interest income (expense), net (47) (31) (105) (119)
INCOME BEFORE INCOME TAXES (73) (60) (153) (176)
Provision for income taxes (1) (1) (2) (1)
Equity income from continuing operations of subsidiaries 89 298 241 427
INCOME FROM CONTINUING OPERATIONS 15 237 86 250
LOSS FROM DISCONTINUED OPERATIONS, net of tax (2) (3) (1) (4)
NET INCOME 13 234 85 246
Less: Net income attributable to noncontrolling interests 0 0 0 0
NET INCOME ATTRIBUTABLE TO MERITOR, INC. 13 234 85 246
Parent | External Sales        
Sales        
Total Sales 0 0 0 0
Parent | Subsidiaries Sales        
Sales        
Total Sales 0 0 0 0
Guarantors        
Sales        
Total Sales 495 423 1,377 1,146
Cost of sales (416) (355) (1,167) (978)
GROSS MARGIN 79 68 210 168
Selling, general and administrative (29) (4) (83) (49)
Restructuring costs (2)   (5) 0
Other operating income (expense), net 0 0 0 (1)
OPERATING INCOME (LOSS) 48 64 122 118
Other income (expense), net (6) (6) (15) (14)
Equity in earnings of ZF Meritor   190   190
Equity in earnings of other affiliates   9   21
Equity in earnings of affiliates 9   24  
Interest income (expense), net 7 11 20 28
INCOME BEFORE INCOME TAXES 58 268 151 343
Provision for income taxes 0 (1) 0 (2)
Equity income from continuing operations of subsidiaries 28 27 81 75
INCOME FROM CONTINUING OPERATIONS 86 294 232 416
LOSS FROM DISCONTINUED OPERATIONS, net of tax (1) (3) 1 (4)
NET INCOME 85 291 233 412
Less: Net income attributable to noncontrolling interests 0 0 0 0
NET INCOME ATTRIBUTABLE TO MERITOR, INC. 85 291 233 412
Guarantors | External Sales        
Sales        
Total Sales 461 382 1,282 1,039
Guarantors | Subsidiaries Sales        
Sales        
Total Sales 34 41 95 107
Non-Guarantors        
Sales        
Total Sales 467 614 1,422 1,840
Cost of sales (408) (544) (1,240) (1,621)
GROSS MARGIN 59 70 182 219
Selling, general and administrative (16) (21) (50) (61)
Restructuring costs (7)   (9) (2)
Other operating income (expense), net 3 (1) 4 (1)
OPERATING INCOME (LOSS) 39 48 127 155
Other income (expense), net (5) (7) (29) (38)
Equity in earnings of ZF Meritor   0   0
Equity in earnings of other affiliates   2   7
Equity in earnings of affiliates 1   4  
Interest income (expense), net 2 (2) 7 (6)
INCOME BEFORE INCOME TAXES 37 41 109 118
Provision for income taxes (5) (10) (17) (28)
Equity income from continuing operations of subsidiaries 0 0 0 0
INCOME FROM CONTINUING OPERATIONS 32 31 92 90
LOSS FROM DISCONTINUED OPERATIONS, net of tax (2) (1) (2) (2)
NET INCOME 30 30 90 88
Less: Net income attributable to noncontrolling interests (1) 0 (2) (4)
NET INCOME ATTRIBUTABLE TO MERITOR, INC. 29 30 88 84
Non-Guarantors | External Sales        
Sales        
Total Sales 448 597 1,370 1,794
Non-Guarantors | Subsidiaries Sales        
Sales        
Total Sales 19 17 52 46
Elims        
Sales        
Total Sales (53) (58) (147) (153)
Cost of sales 53 58 147 153
GROSS MARGIN 0 0 0 0
Selling, general and administrative 0 0 0 0
Restructuring costs 0   0 0
Other operating income (expense), net 0 0 0 0
OPERATING INCOME (LOSS) 0 0 0 0
Other income (expense), net 0 0 0 0
Equity in earnings of ZF Meritor   0   0
Equity in earnings of other affiliates   0   0
Equity in earnings of affiliates 0   0  
Interest income (expense), net 0 0 0 0
INCOME BEFORE INCOME TAXES 0 0 0 0
Provision for income taxes 0 0 0 0
Equity income from continuing operations of subsidiaries (117) (325) (322) (502)
INCOME FROM CONTINUING OPERATIONS (117) (325) (322) (502)
LOSS FROM DISCONTINUED OPERATIONS, net of tax 3 4 1 6
NET INCOME (114) (321) (321) (496)
Less: Net income attributable to noncontrolling interests 0 0 0 0
NET INCOME ATTRIBUTABLE TO MERITOR, INC. (114) (321) (321) (496)
Elims | External Sales        
Sales        
Total Sales 0 0 0 0
Elims | Subsidiaries Sales        
Sales        
Total Sales $ (53) $ (58) $ (147) $ (153)