XML 63 R48.htm IDEA: XBRL DOCUMENT v3.7.0.1
Business Segment Information (Tables)
9 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Summary of segment information
Segment information is summarized as follows (in millions):
 
Commercial Truck
& Industrial
 
Aftermarket
& Trailer
 
Eliminations
 
Total
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
External Sales
$
704

 
$
216

 
$

 
$
920

Intersegment Sales
24

 
12

 
(36
)
 

Total Sales
$
728

 
$
228

 
$
(36
)
 
$
920

Three Months Ended June 30, 2016
 
 
 
 
 
 
 
External Sales
$
623

 
$
218

 
$

 
$
841

Intersegment Sales
17

 
9

 
(26
)
 

Total Sales
$
640

 
$
227

 
$
(26
)
 
$
841

 
 
 
 
 
 
 
 
 
Commercial Truck
& Industrial
 
Aftermarket
& Trailer
 
Eliminations
 
Total
Nine Months Ended June 30, 2017
 
 
 
 
 
 
 
External Sales
$
1,826

 
$
599

 
$

 
$
2,425

Intersegment Sales
61

 
28

 
(89
)
 

Total Sales
$
1,887

 
$
627

 
$
(89
)
 
$
2,425

Nine Months Ended June 30, 2016
 
 
 
 
 
 
 
External Sales
$
1,846

 
$
625

 
$

 
$
2,471

Intersegment Sales
58

 
23

 
(81
)
 

Total Sales
$
1,904

 
$
648

 
$
(81
)
 
$
2,471



Segment income attributable to parent
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
2017

2016
 
2017
 
2016
Segment adjusted EBITDA:
 
 
 
 
 
 
 
Commercial Truck & Industrial
$
75

 
$
61

 
$
171

 
$
169

Aftermarket & Trailer
26

 
38

 
78

 
86

Segment adjusted EBITDA
101


99

 
249

 
255

Unallocated legacy and corporate income (expense), net (1)
2

 
(3
)
 

 
(2
)
Interest expense, net
(21
)
 
(20
)
 
(63
)
 
(63
)
Provision for income taxes
(11
)
 
(8
)
 
(30
)
 
(22
)
Depreciation and amortization
(18
)
 
(17
)
 
(55
)
 
(48
)
Noncontrolling interests
(3
)
 
(1
)
 
(5
)
 
(2
)
Loss on sale of receivables
(2
)
 
(2
)
 
(4
)
 
(6
)
Asset impairment charges
1

 

 
(2
)
 

Restructuring costs

 
(6
)
 
(4
)
 
(9
)
Income from continuing operations attributable to Meritor, Inc.
$
49


$
42

 
$
86

 
$
103


(1)
Unallocated legacy and corporate income (expense), net represents items that are not directly related to the company's business segments. These items primarily include asbestos-related charges and settlements, pension and retiree medical costs associated with sold businesses, and other legacy costs for environmental and product liability.
Schedule of segment assets
 
June 30,
2017
 
September 30,
2016
Segment Assets:
 
 
 
Commercial Truck & Industrial
$
1,618

 
$
1,433

Aftermarket & Trailer
466

 
436

Total segment assets
2,084

 
1,869

Corporate (1)
916

 
845

Less: Accounts receivable sold under off-balance sheet factoring programs(2) 
(288
)
 
(220
)
Total assets
$
2,712

 
$
2,494


(1) 
Corporate assets consist primarily of cash, deferred income taxes and prepaid pension costs.
(2) 
At June 30, 2017 and September 30, 2016, segment assets include $288 million and $220 million, respectively, of accounts receivable sold under off-balance sheet accounts receivable factoring programs (see Note 9). These sold receivables are included in segment assets as the CODM reviews segment assets inclusive of these balances.