XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:      
Net income (loss) $ (221) $ 186 $ (74)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 158 148 149
Impairment of investment in equity affiliate   11  
Long-lived asset impairment charge     162
Goodwill impairment charge     92
Deferred tax provision (benefit) 130 (27) 91
Employee benefit plan settlement 4 7  
Gain on sale of land     (39)
Gain on sale of investments     (10)
Equity in net income of affiliated companies (3) (1) (2)
Non-cash compensation 9 11 22
Other non-cash (income) expense 8 (3) 16
Cash dividends received from equity affiliates 1 2 9
Changes in assets and liabilities:      
Accounts and notes receivable 126 73 (127)
Inventories 114 27 (105)
Prepaid expenses and other current assets (7) 18 (27)
Accounts payable and accrued liabilities (55) (75) 122
Income taxes payable (5) (6) 7
Other liabilities (11) (37) 12
Cash provided by operating activities 377 363 298
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (200) (224) (229)
Proceeds from sale of business   135  
Cash paid for acquisition of business, net of cash acquired of $1, $— and $1 (92) (3) (64)
Proceeds from the sale of land     39
Proceeds from sales of investments     11
Other 4 (2) (3)
Cash used in investing activities (288) (94) (246)
Cash Flows from Financing Activities:      
Borrowings under financing arrangements   29  
Repayments under financing arrangements   (29) (4)
Increase (decrease) in short-term borrowings, net     (4)
Proceeds from (repayments of) issuance of commercial paper, net (19) (216) 249
Proceeds from long-term debt, net of issuance costs 444 352 90
Repayments of long-term debt (410) (75) (251)
Repayments of redeemable preferred stock   (25)  
Purchases of common stock (44) (173) (142)
Proceeds from sales of common stock 3 4 22
Cash dividends paid to noncontrolling interests (26) (23) (21)
Cash dividends paid to common stockholders (80) (80) (80)
Cash used in financing activities (132) (236) (141)
Effects of exchange rate changes on cash 25 (39) (16)
Increase (decrease) in cash and cash equivalents (18) (6) (105)
Cash and cash equivalents at beginning of year 169 175 280
Cash and cash equivalents at end of year 151 169 175
Non-cash investing activities and supplemental cash flow information:      
Additions to property, plant and equipment included in Accounts payable and accrued liabilities 29 23 29
Income taxes paid 71 99 84
Interest paid 48 47 $ 47
Marshall Mine [Member]      
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Loss on sale and asset impairment charge $ 129    
Specialty Fluids [Member]      
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Loss on sale and asset impairment charge   $ 29