XML 172 R58.htm IDEA: XBRL DOCUMENT v3.3.0.814
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
2015 Fiscal Quarters (Unaudited)
 
First
 
Second
 
Third
 
Fourth
 
2015
 
(In millions, except share related data)
Sales
$
879

 
$
864

 
$
909

 
$
853

 
$
3,505

Cost of sales
(764
)
 
(749
)
 
(785
)
 
(745
)
 
(3,043
)
Gross margin
115

 
115

 
124

 
108

 
462

Benefit (provision) for income taxes
(7
)
 
(6
)
 
(6
)
 
18

 
(1
)
Net income (loss)
30

 
43

 
14

 
(22
)
 
65

Net income (loss) from continuing operations attributable to Meritor, Inc.
32

 
39

 
15

 
(21
)
 
65

Net income (loss) attributable to Meritor, Inc.
29

 
43

 
13

 
(21
)
 
64

Basic earnings (loss) per share from continuing operations
$
0.33

 
$
0.40

 
$
0.15

 
$
(0.22
)
 
$
0.67

Diluted earnings (loss) per share from continuing operations
$
0.32

 
$
0.38

 
$
0.15

 
$
(0.22
)
 
$
0.65

 
2014 Fiscal Quarters (Unaudited)
 
First
 
Second
 
Third
 
Fourth
 
2014
 
(In millions, except share related data)
Sales
$
900

 
$
954

 
$
979

 
$
933

 
$
3,766

Cost of sales
(795
)
 
(836
)
 
(855
)
 
(793
)
 
(3,279
)
Gross margin
105

 
118

 
124

 
140

 
487

Provision for income taxes
(11
)
 
(8
)
 
(12
)
 
—

 
(31
)
Net income
13

 
3

 
234

 
4

 
254

Net income from continuing operations attributable to Meritor, Inc.
12

 
1

 
237

 
29

 
279

Net income attributable to Meritor, Inc.
11

 
1

 
234

 
3

 
249

Basic earnings per share from continuing operations
$
0.12

 
$
0.01

 
$
2.43

 
$
0.30

 
$
2.86

Diluted earnings per share from continuing operations
$
0.12

 
$
0.01

 
$
2.34

 
$
0.29

 
$
2.81