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INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES
 12 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES
 
The company’s non-consolidated joint ventures and related direct ownership interest are as follows:
 
September 30,
 
2019
 
2018
 
2017
Master Sistemas Automotivos Ltda. (Commercial Truck)
49
%
 
49
%
 
49
%
Sistemas Automotrices de Mexico S.A. de C.V. (Commercial Truck)
50
%
 
50
%
 
50
%
Ege Fren Sanayii ve Ticaret A.S. (Commercial Truck)
49
%
 
49
%
 
49
%
Automotive Axles Limited (Commercial Truck)
36
%
 
36
%
 
36
%


The company’s investments in non-consolidated joint ventures are as follows (in millions): 
 
September 30,
 
2019
 
2018 (1)
Commercial Truck
$
110

 
$
102

Aftermarket, Industrial and Trailer
—

 
—

Total investments in non-consolidated joint ventures
$
110

 
$
102


(1) Amounts for the year ended September 30, 2018 have been recast to reflect reportable segment changes.

The company’s equity in earnings of non-consolidated joint ventures is as follows (in millions): 
 
Year Ended September 30,
 
2019
 
2018 (1)
Commercial Truck
$
31

 
$
27

Aftermarket, Industrial and Trailer
—

 
—

Total equity in earnings of affiliates
$
31

 
$
27


(1) Amounts for the year ended September 30, 2018 have been recast to reflect reportable segment changes.
The summarized financial information presented below represents the combined accounts of the company’s non-consolidated joint ventures related to its continuing operations (in millions):
 
September 30,
 
2019
 
2018
Current assets
$
427

 
$
390

Non-current assets
211

 
163

Total assets
$
638

 
$
553

 
 
 
 
Current liabilities
$
305

 
$
282

Non-current liabilities
109

 
66

Total liabilities
$
414

 
$
348



 
Year Ended September 30,
 
2019
 
2018
 
2017
Sales
$
1,231

 
$
1,101

 
$
1,156

Gross profit
147

 
154

 
200

Net income
63

 
59

 
101



Dividends received from the company’s non-consolidated joint ventures were $23 million in fiscal year 2019, $17 million in fiscal year 2018 and $44 million in fiscal year 2017. Dividends from Meritor WABCO were $36 million in fiscal year 2017, which includes a $8 million final partnership distribution received immediately prior to closing of the sale transaction on October 1, 2017.
 
The company had sales to its non-consolidated joint ventures of approximately $9 million, $7 million and $2 million in fiscal years 2019, 2018 and 2017, respectively. These sales exclude sales of $193 million, $196 million and $138 million in fiscal years 2019, 2018 and 2017, respectively, to a joint venture in the company’s Commercial Truck segment, which are eliminated as the company purchases these components back after value add provided by the joint venture. The company had purchases from its non-consolidated joint ventures of approximately $940 million, $843 million and $787 million in fiscal years 2019, 2018 and 2017, respectively. Additionally, the company leases space and provides certain administrative and technical services to various non-consolidated joint ventures. The company collected $12 million, $11 million and $6 million for such leases and services during fiscal years 2019, 2018 and 2017, respectively.
 
Amounts due from the company’s non-consolidated joint ventures were $34 million and $43 million at September 30, 2019 and 2018, respectively, and are included in Receivables, trade and other, net in the Consolidated Balance Sheet. Amounts due to the company’s non-consolidated joint ventures were $80 million and $110 million at September 30, 2019 and 2018, respectively, and are included in Accounts payable in the Consolidated Balance Sheet.
 
The fair value of the company’s investment in its Automotive Axles Limited joint venture was approximately $75 million and $91 million at September 30, 2019 and 2018, respectively, based on quoted market prices as this joint venture is listed and publicly traded on the Bombay Stock Exchange in India.