XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Sales $ 984 $ 889
Cost of sales (857) (774)
GROSS PROFIT 127 115
Selling, general and administrative (62) (65)
Other operating expense, net (3) (7)
OPERATING INCOME 62 43
Other income, net 14 14
Equity in earnings of affiliates 7 11
Interest expense, net (13) (28)
INCOME BEFORE INCOME TAXES 70 40
Provision for income taxes (12) (7)
INCOME FROM CONTINUING OPERATIONS 58 33
INCOME FROM DISCONTINUED OPERATIONS, net of tax 0 0
NET INCOME 58 33
Less: Net income attributable to noncontrolling interests (4) (1)
Net income 54 32
NET INCOME ATTRIBUTABLE TO MERITOR, INC.    
Net income from continuing operations 54 32
Income from discontinued operations 0 0
Net income $ 54 $ 32
BASIC EARNINGS PER SHARE    
Continuing operations (in usd per share) $ 0.77 $ 0.44
Discontinued operations (in usd per share) 0 0
Basic earnings per share (in usd per share) 0.77 0.44
DILUTED EARNINGS PER SHARE    
Continuing operations (in usd per share) 0.76 0.44
Discontinued operations (in usd per share) 0 0
Diluted earnings per share (in usd per share) $ 0.76 $ 0.44
Basic average common shares outstanding (in shares) 70.2 72.2
Diluted average common shares outstanding (in shares) 71.2 73.2