Other Assets

6 Months Ended

Mar. 31, 2012

Other Assets, Noncurrent [Abstract]

Other Assets Disclosure [Text Block]

14. Other Assets

Other assets are summarized as follows (in millions):

	March 31, 2012		September 30, 2011
Investments in non-consolidated joint ventures	$	197	$	174
Asbestos-related recoveries (see Note 20)		65		67
Non-current deferred income tax assets, net		12		12
Unamortized debt issuance costs		21		25
Capitalized software costs, net		22		23
Prepaid pension costs		10		9
Other		35		42
Other assets	$	362	$	352

     In accordance with FASB ASC Topic 350-40, costs relating to internally developed or purchased software in the preliminary project stage and the post-implementation stage are expensed as incurred. Costs in the application development stage that meet the criteria for capitalization are capitalized and amortized using the straight-line basis over the estimated economic useful life of the software.

The company holds a variable interest in a joint venture accounted for under the equity method of accounting. The joint venture manufactures components for commercial vehicle applications primarily on behalf of the company. The variable interest relates to a supply arrangement between the company and the joint venture whereby the company supplies certain components to the joint venture at a cost-plus basis. The company is not the primary beneficiary of the joint venture, as the joint venture partner has shared or absolute control over key manufacturing operations, labor relationships, financing activities and certain other functions of the joint venture. Therefore, the company does not consolidate the joint venture. At March 31, 2012, the company’s investment in the joint venture was $37 million representing the company’s maximum exposure to loss. This amount is included in investments in non-consolidated joint ventures in the table above.