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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2017
Sep. 30, 2016
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 138 $ 160
Receivables trade and other, net [1] 442 396
Inventories [1] 338 316
Other current assets 42 33
TOTAL CURRENT ASSETS 960 905
NET PROPERTY [1] 430 439
GOODWILL [1] 385 390
OTHER ASSETS 761 760
TOTAL ASSETS 2,536 2,494
CURRENT LIABILITIES:    
Short-term debt 132 14
Accounts and notes payable [1] 528 475
Other current liabilities 245 268
TOTAL CURRENT LIABILITIES 905 757
LONG-TERM DEBT 857 982
RETIREMENT BENEFITS 680 703
OTHER LIABILITIES 219 238
TOTAL LIABILITIES 2,661 2,680
COMMITMENTS AND CONTINGENCIES (See Note 21)
MEZZANINE EQUITY:    
Convertible debt with cash settlement 13 0
EQUITY (DEFICIT):    
Common stock (March 31, 2017 and September 30, 2016, 101.3 and 99.6 shares issued and 88.5 and 86.8 shares outstanding, respectively) 101 99
Additional paid-in capital 870 876
Accumulated deficit (204) (241)
Treasury stock, at cost (at both March 31, 2017 and September 30, 2016, 12.8 shares) (136) (136)
Accumulated other comprehensive loss (794) (809)
Total deficit attributable to Meritor, Inc. (163) (211)
Noncontrolling interests [1] 25 25
TOTAL DEFICIT (138) (186)
TOTAL LIABILITIES, MEZZANINE EQUITY AND DEFICIT 2,536 2,494
ASSETS, LIABILITIES, AND EQUITY HELD-FOR-SALE    
Cash and cash equivalents 1 1
Receivables, trade and other, net 8 8
Inventories 1 1
Goodwill 1  
Accounts and notes payable 6 5
Net property   3
Noncontrolling interests $ 2 $ 3
[1] As of March 31, 2017, Assets and Liabilities held for sale were: (i) $1 million Cash and cash equivalents; (ii) $8 million Receivables, trade and other, net; (iii) $1 million Inventories; (iv) $1 million Goodwill; (v) $6 million Accounts and notes payable; and (vi) $2 million Noncontrolling interests. As of September 30, 2016, Assets and Liabilities held for sale were: (i) $1 million Cash and cash equivalents; (ii) $8 million Receivables, trade and other, net; (iii) $1 million Inventories; (iv) $3 million Net property; (v) $5 million Accounts and notes payable; and (vi) $3 million Noncontrolling interests.