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Acquisition (Tables)
9 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Schedule of Estimates of Fair Value of Assets and Liabilities Acquired

The provisional estimates of the fair value of assets and liabilities acquired as of February 28, 2022 are set forth below along with the calculation of the Gain on bargain purchase of a business based on the cash consideration.

 

 

 

(In millions)

 

Fair value of asset acquired

 

 

 

 

Cash

 

$

5

 

Accounts and notes receivable

 

 

5

 

Inventories

 

 

11

 

Prepaid expenses and other current assets

 

 

7

 

Property, plant and equipment

 

 

12

 

Amounts attributable to assets acquired

 

 

40

 

 

 

 

 

 

Fair value of liabilities assumed

 

 

 

 

Accounts payable and accrued liabilities

 

 

(2

)

Amounts attributable to liabilities assumed

 

 

(2

)

 

 

 

 

 

Total identifiable net assets

 

 

38

 

 

 

 

 

 

Cash consideration

 

 

14

 

 

 

 

 

 

Gain on bargain purchase of a business

 

$

24