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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2019
Sep. 30, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 111 $ 115
Receivables trade and other, net 625 588
Inventories 491 477
Other current assets 32 46
TOTAL CURRENT ASSETS 1,259 1,226
NET PROPERTY 481 483
GOODWILL 421 421
OTHER ASSETS 567 596
TOTAL ASSETS 2,728 2,726
CURRENT LIABILITIES:    
Short-term debt 24 94
Accounts and notes payable 691 700
Other current liabilities 296 290
TOTAL CURRENT LIABILITIES 1,011 1,084
LONG-TERM DEBT 734 730
RETIREMENT BENEFITS 238 262
OTHER LIABILITIES 234 332
TOTAL LIABILITIES 2,217 2,408
COMMITMENTS AND CONTINGENCIES (See Note 21)
MEZZANINE EQUITY:    
Convertible debt with cash settlement 1 1
EQUITY:    
Common stock (June 30, 2019 and September 30, 2018, 103.9 and 102.2 shares issued and 82.6 and 84.9 shares outstanding, respectively) 104 102
Additional paid-in capital 798 787
Retained earnings 448 200
Treasury stock, at cost (June 30, 2019 and September 30, 2018, 21.4 and 17.3 shares, respectively) (307) (236)
Accumulated other comprehensive loss (569) (566)
Total equity attributable to Meritor, Inc. 474 287
Noncontrolling interests 36 30
TOTAL EQUITY 510 317
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 2,728 $ 2,726