XML 22 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:      
Net income (loss) $ 286 $ (221) $ 186
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 160 158 148
Impairment of investment in equity affiliate     11
Deferred tax provision (benefit) 9 130 (27)
Employee benefit plan settlement 5 4 7
Equity in net income of affiliated companies (3) (3) (1)
Non-cash compensation 21 9 11
Other non-cash (income) expense 21 8 (3)
Cash dividends received from equity affiliates 2 1 2
Changes in assets and liabilities:      
Accounts and notes receivable (215) 126 73
Inventories (174) 114 27
Prepaid expenses and other current assets (37) (7) 18
Accounts payable and accrued liabilities 167 (55) (75)
Income taxes payable 14 (5) (6)
Other liabilities 1 (11) (37)
Cash provided by operating activities 257 377 363
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (195) (200) (224)
Proceeds from sale of business     135
Cash paid for acquisition of business, net of cash acquired of $—, $1 and $—   (92) (3)
Other 9 4 (2)
Cash used in investing activities (186) (288) (94)
Cash Flows from Financing Activities:      
Borrowings under financing arrangements     29
Repayments under financing arrangements     (29)
Proceeds from (repayments of) issuance of commercial paper, net 58 (19) (216)
Proceeds from long-term debt, net of issuance costs 200 444 352
Repayments of long-term debt (222) (410) (75)
Repayments of redeemable preferred stock     (25)
Purchases of common stock (3) (44) (173)
Proceeds from sales of common stock 6 3 4
Cash dividends paid to noncontrolling interests (19) (26) (23)
Cash dividends paid to common stockholders (80) (80) (80)
Cash used in financing activities (60) (132) (236)
Effects of exchange rate changes on cash 8 25 (39)
Increase (decrease) in cash, cash equivalents and restricted cash 19 (18) (6)
Cash, cash equivalents and restricted cash at beginning of year 151 169 175
Cash, cash equivalents and restricted cash at end of year 170 151 169
The following table presents the Company’s cash, cash equivalents and restricted cash by category within the Consolidated Balance Sheets:      
Cash and cash equivalents 168 $ 151 $ 169
Restricted cash classified within Prepaid expenses and other current assets $ 2    
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] Prepaid expenses and other current assets Prepaid expenses and other current assets Prepaid expenses and other current assets
Cash, cash equivalents and restricted cash $ 170 $ 151 $ 169
Non-cash investing activities and supplemental cash flow information:      
Additions to property, plant and equipment included in Accounts payable and accrued liabilities 41 29 23
Income taxes paid 93 71 99
Interest paid $ 41 48 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