Other Assets

6 Months Ended

Mar. 31, 2021

Other Assets, Noncurrent [Abstract]

Other Assets

Other Assets

Other assets are summarized as follows (in millions):

	March 31, 2021		September 30, 2020
Prepaid pension costs	$	206	$	179
Deferred income tax assets	30		30
Investments in non-consolidated joint ventures	119		107
Other	266		269
Other assets	$	621	$	585

During the second quarter of fiscal year 2021, the company recognized a $22 million pre-tax loss recovery, net of legal expenses, on the overpayment of value added taxes ("VAT") in Brazil. Of the amount recognized, $15 million was recognized in Sales consistent with the company’s VAT policy, $10 million in Other income, net and $3 million as expense in Selling, general and administrative. $19 million was recorded in Other current assets and $6 million recorded in Other assets as VAT credits to offset future income tax liabilities. $3 million was recorded in Current liabilities associated with legal expenses.