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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Sales $ 644 $ 543 $ 1,759 $ 1,520
Cost of sales 404 370 1,139 1,040
Gross profit 240 173 620 480
Selling, general and administrative expense 127 93 299 274
Research and development expense 14 13 40 37
Intangibles amortization expense 23 23 71 65
Equity and other income 1 1 2 7
Operating income 77 45 212 111
Net interest and other expense 59 1 108 18
Other net periodic benefit income - Note K 1 0 0 0
Net income on acquisitions and divestitures, net 35 2 42 11
Income from continuing operations before income taxes 52 46 146 104
Income tax expense (benefit) 1 (26) 25 (35)
Income from continuing operations 51 72 121 139
Income (loss) from discontinued operations (net of income taxes) - Note C 15 8 749 37
Net income $ 36 $ 80 $ 870 $ 176
Basic earnings per share - Note M        
Income from continuing operations $ 0.94 $ 1.18 $ 2.16 $ 2.29
Income (loss) from discontinued operations 0.28 0.12 13.40 0.61
Net income 0.66 1.30 15.56 2.90
Diluted earnings per share - Note M        
Income from continuing operations 0.93 1.17 2.12 2.27
Income (loss) from discontinued operations 0.28 0.12 13.16 0.60
Net income $ 0.65 $ 1.29 $ 15.28 $ 2.87
COMPREHENSIVE INCOME        
Net income $ 36 $ 80 $ 870 $ 176
Other comprehensive income, net of tax        
Unrealized translation gain (loss) (86) 23 (107) 37
Unrealized gain on commodity hedges 3 0 (2) 0
Other comprehensive income (loss), net of tax (89) 23 (109) 37
Comprehensive income $ (53) $ 103 $ 761 $ 213