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Acquisitions (Tables)
12 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Allocation of Purchase Price Based on Estimates of Fair Value of Assets Acquired and Liabilities Assumed

The final allocation of the purchase price set forth below was based on estimates of the fair value of assets acquired and liabilities assumed as of April 1, 2020.

 

 

(In millions)

 

Assets

 

 

 

 

Cash

 

$

1

 

Accounts Receivable

 

 

8

 

Inventories

 

 

4

 

Prepaid expenses and other current assets

 

 

2

 

Property, plant and equipment

 

 

38

 

Intangible assets

 

 

15

 

Goodwill

 

 

45

 

Deferred tax asset

 

 

1

 

Other assets

 

 

2

 

Total assets acquired

 

 

116

 

 

 

 

 

 

Liabilities

 

 

 

 

Accounts payable and accrued liabilities

 

 

(12

)

Long-term debt

 

 

(13

)

Other liabilities

 

 

(6

)

 

 

 

 

 

Total liabilities assumed

 

 

(31

)

 

 

 

 

 

Cash consideration paid

 

$

85