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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Sales $ 1,154 $ 983 $ 2,138 $ 1,872
Cost of sales (1,017) (835) (1,874) (1,609)
GROSS PROFIT 137 148 264 263
Selling, general and administrative (70) (69) (132) (134)
Other operating expense, net (1) (2) (4) (9)
OPERATING INCOME 66 77 128 120
Other income, net 14 23 28 37
Equity in earnings of affiliates 11 5 18 16
Interest expense, net (12) (17) (25) (45)
INCOME BEFORE INCOME TAXES 79 88 149 128
Provision for income taxes (15) (22) (27) (29)
INCOME FROM CONTINUING OPERATIONS 64 66 122 99
INCOME FROM DISCONTINUED OPERATIONS, net of tax 1 0 1 0
NET INCOME 65 66 123 99
Less: Net income attributable to noncontrolling interests (3) (3) (7) (4)
Net income 62 63 116 95
NET INCOME ATTRIBUTABLE TO MERITOR, INC.        
Net income from continuing operations 61 63 115 95
Income from discontinued operations 1 0 1 0
Net income $ 62 $ 63 $ 116 $ 95
BASIC EARNINGS PER SHARE        
Continuing operations (in usd per share) $ 0.86 $ 0.87 $ 1.63 $ 1.31
Discontinued operations (in usd per share) 0.01 0 0.01 0
Basic earnings per share (in usd per share) 0.87 0.87 1.64 1.31
DILUTED EARNINGS PER SHARE        
Continuing operations (in usd per share) 0.85 0.86 1.61 1.30
Discontinued operations (in usd per share) 0.01 0 0.02 0
Diluted earnings per share (in usd per share) $ 0.86 $ 0.86 $ 1.63 $ 1.30
Basic average common shares outstanding (in shares) 70.7 72.4 70.4 72.3
Diluted average common shares outstanding (in shares) 71.4 73.4 71.3 73.3