XML 71 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES    
Net income $ 41 $ 92
Less: Income from discontinued operations, net of tax 0 0
INCOME FROM CONTINUING OPERATIONS 41 92
Adjustments to income from continuing operations to arrive at cash provided by (used for) operating activities:    
Depreciation and amortization 24 22
Deferred income tax expense 3 3
Restructuring costs 5 0
Equity in earnings of affiliates (6) (9)
Pension and retiree medical income (10) (9)
Asbestos related liability remeasurement 0 (31)
Other adjustments to income from continuing operations 3 5
Dividends received from equity method investments 0 1
Pension and retiree medical contributions (3) (3)
Restructuring payments (7) (1)
Changes in off-balance sheet accounts receivable securitization and factoring programs 7 38
Changes in receivables, inventories and accounts payable (31) (52)
Changes in other current assets and liabilities (28) (40)
Changes in other assets and liabilities (16) (4)
Operating cash flows provided by (used for) continuing operations (18) 12
Operating cash flows used for discontinued operations (1) (1)
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES (19) 11
INVESTING ACTIVITIES    
Capital expenditures (16) (23)
Cash paid for investment in Transportation Power, Inc. 0 (3)
Other investing activities 0 (1)
CASH USED FOR INVESTING ACTIVITIES (16) (27)
FINANCING ACTIVITIES    
Securitization 72 33
Borrowings against revolving line of credit 65 45
Term loan payments (3) 0
Other financing activities 0 (1)
Net change in debt 134 77
Repurchase of common stock (100) (50)
CASH PROVIDED BY FINANCING ACTIVITIES 34 27
EFFECT OF CHANGES IN FOREIGN CURRENCY EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 1 1
CHANGE IN CASH AND CASH EQUIVALENTS 0 12
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 108 115
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 108 $ 127