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Divestiture (Tables)
3 Months Ended
Dec. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Summary of Major Classes of Assets and Liabilities of the Business Classified as Held for Sale

The following table summarizes the carrying amounts of the major classes of assets and liabilities of the Business classified as held for sale as of December 31, 2021, and the associated impairment charge:

 

 

(In millions)

 

Assets

 

 

 

 

Accounts and notes receivable, net of reserve for doubtful accounts

 

$

37

 

Inventories

 

 

67

 

Prepaid expenses and other current assets

 

 

2

 

Property, plant and equipment, net

 

 

106

 

Equity affiliates

 

 

28

 

Intangible assets, net

 

 

27

 

Deferred income taxes

 

 

31

 

Other assets

 

 

10

 

Total assets held for sale

 

 

308

 

Impairment of assets held for sale

 

 

(197

)

Adjusted assets held for sale

 

$

111

 

 

 

 

 

 

Liabilities

 

 

 

 

Short-term borrowings

 

$

(2

)

Accounts payable and accrued liabilities

 

 

(51

)

Income taxes payable

 

 

(1

)

Long-term debt

 

 

(17

)

Total liabilities assumed

 

 

(71

)

Total net assets held for sale

 

$

40