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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 440 $ 417
Accounts receivable - Note G [1] 194 338
Inventories - Note F 588 626
Other assets 143 125
Total current assets 1,365 1,506
Property, plant and equipment    
Cost 3,277 3,211
Accumulated depreciation 1,910 1,838
Net property, plant and equipment 1,367 1,373
Goodwill - Note F 1,396 1,362
Intangibles - Note F 875 886
Operating lease assets, net - Note H 123 122
Restricted investments - Note D 315 290
Asbestos insurance receivable - Note K [2] 124 127
Deferred income taxes 45 22
Other assets 256 251
Total noncurrent assets 4,501 4,433
Total assets 5,866 5,939
Current liabilities    
Short-term debt - Note G 0 16
Trade and other payables 202 210
Accrued expenses and other liabilities 190 208
Current operating lease obligations - Note H 22 22
Total current liabilities 414 456
Noncurrent liabilities    
Long-term debt - Note G 1,341 1,314
Asbestos litigation reserve - Note K 412 427
Deferred income taxes 148 148
Employee benefit obligations - Note J 98 100
Operating lease obligations - Note H 107 106
Other liabilities 293 291
Total noncurrent liabilities 2,399 2,386
Commitments and contingencies - Note K
Stockholders' equity - Note M 3,053 3,097
Total liabilities and stockholders' equity $ 5,866 $ 5,939
[1] Accounts receivable includes an allowance for credit losses of $3 million at both December 31, 2023 and September 30, 2023.
[2] Asbestos insurance receivable includes an allowance for credit losses of $2 million at both December 31, 2023 and September 30, 2023.