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Unconsolidated Significant Subsidiary
6 Months Ended
Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Unconsolidated Significant Subsidiary
Unconsolidated Significant Subsidiary
Rule 10-01(b)(1) of Regulation S-X requires separate interim period summarized income statement information for each 50-percent-or-less-owned subsidiary not consolidated that would have been a significant subsidiary for annual periods in accordance with Rule 3-09 of Regulation S-X. In accordance with this requirement, the company’s non-consolidated joint venture Meritor WABCO Vehicle Control Systems’ summarized income statement information is as follows (in millions):
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
Sales
$
71

 
$
83

 
$
143

 
$
168

Gross margin
$
18

 
$
21

 
$
38

 
$
43

Income from continuing operations
$
11

 
$
13

 
$
23

 
$
29

Net income
$
11

 
$
13

 
$
23

 
$
29