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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2018
Sep. 30, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 127 $ 115
Receivables trade and other, net 539 588
Inventories 522 477
Other current assets 52 46
TOTAL CURRENT ASSETS 1,240 1,226
NET PROPERTY 481 483
GOODWILL 418 421
OTHER ASSETS 594 596
TOTAL ASSETS 2,733 2,726
CURRENT LIABILITIES:    
Short-term debt 172 94
Accounts and notes payable 680 700
Other current liabilities 300 290
TOTAL CURRENT LIABILITIES 1,152 1,084
LONG-TERM DEBT 731 730
RETIREMENT BENEFITS 254 262
OTHER LIABILITIES 233 332
TOTAL LIABILITIES 2,370 2,408
COMMITMENTS AND CONTINGENCIES (See Note 21)
MEZZANINE EQUITY:    
Convertible debt with cash settlement 1 1
EQUITY:    
Common stock (December 31, 2018 and September 30, 2018, 103.7 and 102.2 shares issued and 83.4 and 84.9 shares outstanding, respectively) 104 102
Additional paid-in capital 790 787
Retained earnings 290 200
Treasury stock, at cost (December 31, 2018 and September 30, 2018, 20.4 and 17.3 shares, respectively) (286) (236)
Accumulated other comprehensive loss (569) (566)
Total equity attributable to Meritor, Inc. 329 287
Noncontrolling interests 33 30
TOTAL EQUITY 362 317
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 2,733 $ 2,726