XML 116 R98.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Condensed Consolidating Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Millions
Mar. 31, 2017
Sep. 30, 2016
Mar. 31, 2016
Sep. 30, 2015
CURRENT ASSETS:        
Cash and cash equivalents $ 138 [1] $ 160 [1] $ 94 $ 193
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    
INVESTMENTS IN SUBSIDIARIES 0 0    
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    
INTERCOMPANY PAYABLE (RECEIVABLE) 0 0    
OTHER LIABILITIES 219 238    
MEZZANINE EQUITY 13 0    
EQUITY (DEFICIT) ATTRIBUTABLE TO MERITOR, INC. (163) (211)    
NONCONTROLLING INTERESTS [1] 25 25    
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      
Net property   3    
Accounts and notes payable 6 5    
Noncontrolling interests 2 3    
Elims        
CURRENT ASSETS:        
Cash and cash equivalents 0 0 0 0
Receivables trade and other, net 0 0    
Inventories 0 0    
Other current assets 0 0    
TOTAL CURRENT ASSETS 0 0    
NET PROPERTY 0 0    
GOODWILL 0 0    
OTHER ASSETS 0 0    
INVESTMENTS IN SUBSIDIARIES (3,442) (3,254)    
TOTAL ASSETS (3,442) (3,254)    
CURRENT LIABILITIES:        
Short-term debt 0 0    
Accounts and notes payable 0 0    
Other current liabilities 0 0    
TOTAL CURRENT LIABILITIES 0 0    
LONG-TERM DEBT 0 0    
RETIREMENT BENEFITS 0 0    
INTERCOMPANY PAYABLE (RECEIVABLE) 0 0    
OTHER LIABILITIES 0 0    
MEZZANINE EQUITY 0      
EQUITY (DEFICIT) ATTRIBUTABLE TO MERITOR, INC. (3,442) (3,254)    
NONCONTROLLING INTERESTS 0 0    
TOTAL LIABILITIES, MEZZANINE EQUITY AND DEFICIT (3,442) (3,254)    
Parent | Reportable Legal Entities        
CURRENT ASSETS:        
Cash and cash equivalents 67 90 24 73
Receivables trade and other, net 1 1    
Inventories 0 0    
Other current assets 7 5    
TOTAL CURRENT ASSETS 75 96    
NET PROPERTY 22 22    
GOODWILL 0 0    
OTHER ASSETS 443 447    
INVESTMENTS IN SUBSIDIARIES 2,728 2,575    
TOTAL ASSETS 3,268 3,140    
CURRENT LIABILITIES:        
Short-term debt 128 1    
Accounts and notes payable 40 42    
Other current liabilities 85 90    
TOTAL CURRENT LIABILITIES 253 133    
LONG-TERM DEBT 848 971    
RETIREMENT BENEFITS 659 680    
INTERCOMPANY PAYABLE (RECEIVABLE) 1,629 1,534    
OTHER LIABILITIES 29 34    
MEZZANINE EQUITY 13      
EQUITY (DEFICIT) ATTRIBUTABLE TO MERITOR, INC. (163) (212)    
NONCONTROLLING INTERESTS 0 0    
TOTAL LIABILITIES, MEZZANINE EQUITY AND DEFICIT 3,268 3,140    
Guarantors | Reportable Legal Entities        
CURRENT ASSETS:        
Cash and cash equivalents 4 4 5 6
Receivables trade and other, net 57 39    
Inventories 151 143    
Other current assets 14 12    
TOTAL CURRENT ASSETS 226 198    
NET PROPERTY 202 198    
GOODWILL 219 219    
OTHER ASSETS 130 132    
INVESTMENTS IN SUBSIDIARIES 714 679    
TOTAL ASSETS 1,491 1,426    
CURRENT LIABILITIES:        
Short-term debt 3 4    
Accounts and notes payable 198 172    
Other current liabilities 73 74    
TOTAL CURRENT LIABILITIES 274 250    
LONG-TERM DEBT 1 3    
RETIREMENT BENEFITS 0 0    
INTERCOMPANY PAYABLE (RECEIVABLE) (1,859) (1,768)    
OTHER LIABILITIES 149 162    
MEZZANINE EQUITY 0      
EQUITY (DEFICIT) ATTRIBUTABLE TO MERITOR, INC. 2,926 2,779    
NONCONTROLLING INTERESTS 0 0    
TOTAL LIABILITIES, MEZZANINE EQUITY AND DEFICIT 1,491 1,426    
Non- Guarantors | Reportable Legal Entities        
CURRENT ASSETS:        
Cash and cash equivalents 67 66 $ 65 $ 114
Receivables trade and other, net 384 356    
Inventories 187 173    
Other current assets 21 16    
TOTAL CURRENT ASSETS 659 611    
NET PROPERTY 206 219    
GOODWILL 166 171    
OTHER ASSETS 188 181    
INVESTMENTS IN SUBSIDIARIES 0 0    
TOTAL ASSETS 1,219 1,182    
CURRENT LIABILITIES:        
Short-term debt 1 9    
Accounts and notes payable 290 261    
Other current liabilities 87 104    
TOTAL CURRENT LIABILITIES 378 374    
LONG-TERM DEBT 8 8    
RETIREMENT BENEFITS 21 23    
INTERCOMPANY PAYABLE (RECEIVABLE) 230 234    
OTHER LIABILITIES 41 42    
MEZZANINE EQUITY 0      
EQUITY (DEFICIT) ATTRIBUTABLE TO MERITOR, INC. 516 476    
NONCONTROLLING INTERESTS 25 25    
TOTAL LIABILITIES, MEZZANINE EQUITY AND DEFICIT $ 1,219 $ 1,182    
[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.