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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2021
Sep. 30, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 321 $ 315
Receivables, trade and other, net 604 479
Inventories 510 435
Other current assets 72 54
TOTAL CURRENT ASSETS 1,507 1,283
NET PROPERTY 502 515
GOODWILL 510 501
OTHER ASSETS 621 585
TOTAL ASSETS 3,140 2,884
CURRENT LIABILITIES:    
Short-term debt 17 39
       Accounts and notes payable 593 423
Other current liabilities 279 264
TOTAL CURRENT LIABILITIES 889 726
LONG-TERM DEBT 1,186 1,188
RETIREMENT BENEFITS 176 196
OTHER LIABILITIES 276 279
TOTAL LIABILITIES 2,527 2,389
COMMITMENTS AND CONTINGENCIES (See Note 16)
EQUITY:    
Common stock (March 31, 2021 and September 30, 2020, 104.0 and 103.7 shares issued and 72.6 and 72.3 shares outstanding, respectively) 106 105
Additional paid-in capital 788 808
Retained earnings 831 736
Treasury stock, at cost (March 31, 2021 and September 30, 2020, 31.4 and 31.4 shares, respectively) (573) (573)
Accumulated other comprehensive loss (575) (614)
Total equity attributable to Meritor, Inc. 577 462
Noncontrolling interests 36 33
TOTAL EQUITY 613 495
TOTAL LIABILITIES AND EQUITY $ 3,140 $ 2,884