XML 62 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segment Information (Tables)
 9 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summary of segment information
Segment information is summarized as follows (in millions):
 
Commercial Truck
& Trailer
 
Aftermarket
& Industrial
 
Eliminations
 
Total
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
External Sales
$
861

 
$
268

 
$
—

 
$
1,129

Intersegment Sales
43

 
5

 
(48
)
 
—

Total Sales
$
904

 
$
273

 
$
(48
)
 
$
1,129

Three Months Ended June 30, 2017 (1)
 
 
 
 
 
 
 
External Sales
$
689

 
$
231

 
$
—

 
$
920

Intersegment Sales
39

 
6

 
(45
)
 
—

Total Sales
$
728

 
$
237

 
$
(45
)
 
$
920

 
 
 
 
 
 
 
 
 
Commercial Truck
& Trailer
 
Aftermarket
& Industrial
 
Eliminations
 
Total
Nine Months Ended June 30, 2018
 
 
 
 
 
 
 
External Sales
$
2,354

 
$
744

 
$
—

 
$
3,098

Intersegment Sales
117

 
14

 
(131
)
 
—

Total Sales
$
2,471

 
$
758

 
$
(131
)
 
$
3,098

Nine Months Ended June 30, 2017 (1)
 
 
 
 
 
 
 
External Sales
$
1,779

 
$
646

 
$
—

 
$
2,425

Intersegment Sales
104

 
13

 
(117
)
 
—

Total Sales
$
1,883

 
$
659

 
$
(117
)
 
$
2,425


(1) Amounts for the three and nine months ended June 30, 2017 have been recast to reflect reportable segment changes.
Segment income attributable to parent
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
2018
 
2017 (2)
 
2018
 
2017 (2)
Segment adjusted EBITDA:
 
 
 
 
 
 
 
Commercial Truck & Trailer
$
103

 
$
71

 
$
268

 
$
163

Aftermarket & Industrial
35

 
30

 
103

 
86

Segment adjusted EBITDA
138


101

 
371

 
249

Unallocated legacy and corporate income, net (1)
(3
)
 
2

 
(15
)
 
—

Interest expense, net
(14
)
 
(21
)
 
(54
)
 
(63
)
Provision for income taxes
(26
)
 
(11
)
 
(131
)
 
(30
)
Depreciation and amortization
(22
)
 
(18
)
 
(64
)
 
(55
)
Noncontrolling interests
(3
)
 
(3
)
 
(8
)
 
(5
)
Loss on sale of receivables
(1
)
 
(2
)
 
(3
)
 
(4
)
Asset impairment charges
—

 
1

 
(2
)
 
(2
)
Restructuring costs
(3
)
 
—

 
(6
)
 
(4
)
Income from continuing operations attributable to Meritor, Inc.
$
66


$
49

 
$
88

 
$
86


(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.
(2) Amounts for the three and nine months ended June 30, 2017 have been recast to reflect reportable segment changes.
Schedule of segment assets
 
June 30,
2018
 
September 30, 2017 (3)
Segment Assets:
 
 
 
Commercial Truck & Trailer
$
1,884

 
$
1,708

Aftermarket & Industrial
498

 
466

Total segment assets
2,382

 
2,174

Corporate (1)
544

 
869

Less: Accounts receivable sold under off-balance sheet factoring programs(2) 
(310
)
 
(261
)
Total assets
$
2,616

 
$
2,782


(1) 
Corporate assets consist primarily of cash, deferred income taxes and prepaid pension costs.
(2) 
At June 30, 2018 and September 30, 2017, segment assets include $310 million and $261 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.
(3) 
Amounts as of September 30, 2017 have been recast to reflect reportable segment changes, including the reallocation of goodwill.