Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions |
6 Months Ended |
Mar. 31, 2016 |
Mar. 31, 2015 |
| Operating Activities: |
|
|
|
| Net income |
|
$ 306
|
$ 324
|
| Income (loss) from discontinued operations, net of tax |
|
1
|
(8)
|
| Income from continuing operations |
|
305
|
332
|
| Adjustments to arrive at cash used for operating activities: |
|
|
|
| Non-cash restructuring charges |
|
6
|
0
|
| Depreciation |
|
71
|
76
|
| Amortization of intangible assets and pre-production engineering costs |
|
54
|
46
|
| Stock-based compensation expense |
|
15
|
12
|
| Compensation and benefits paid in common stock |
|
27
|
23
|
| Excess tax benefit from stock-based compensation |
[1] |
0
|
(9)
|
| Deferred income taxes |
|
48
|
33
|
| Pension plan contributions |
|
(63)
|
(63)
|
| Changes in assets and liabilities, excluding effects of acquisitions and foreign currency adjustments: |
|
|
|
| Receivables |
|
(50)
|
(79)
|
| Production inventory |
|
(87)
|
(56)
|
| Pre-production engineering costs |
|
(97)
|
(86)
|
| Accounts payable |
|
(23)
|
(40)
|
| Compensation and benefits |
|
(68)
|
(36)
|
| Advance payments from customers |
|
(64)
|
16
|
| Accrued customer incentives |
|
8
|
2
|
| Product warranty costs |
|
(5)
|
(5)
|
| Income taxes |
|
5
|
24
|
| Other assets and liabilities |
|
(37)
|
(58)
|
| Cash Provided by Operating Activities from Continuing Operations |
|
45
|
132
|
| Investing Activities: |
|
|
|
| Property additions |
|
(93)
|
(104)
|
| Acquisition of businesses, net of cash acquired |
|
(17)
|
(22)
|
| Other investing activities |
|
0
|
(10)
|
| Cash (Used for) Investing Activities from Continuing Operations |
|
(110)
|
(136)
|
| Financing Activities: |
|
|
|
| Purchases of treasury stock |
|
(188)
|
(242)
|
| Cash dividends |
|
(86)
|
(80)
|
| Increase in short-term commercial paper borrowings, net |
|
372
|
281
|
| Proceeds from the exercise of stock options |
|
13
|
30
|
| Excess tax benefit from stock-based compensation |
[1] |
0
|
9
|
| Other financing activities |
|
(1)
|
0
|
| Cash Provided by (Used for) Financing Activities from Continuing Operations |
|
110
|
(2)
|
| Effect of exchange rate changes on cash and cash equivalents |
|
3
|
(22)
|
| Discontinued Operations: |
|
|
|
| Operating activities |
|
0
|
(14)
|
| Cash Provided by (Used in) Investing Activities, Discontinued Operations |
|
0
|
3
|
| Cash (Used for) Discontinued Operations |
|
0
|
(11)
|
| Net Change in Cash and Cash Equivalents |
|
48
|
(39)
|
| Cash and Cash Equivalents at Beginning of Period |
|
252
|
323
|
| Cash and Cash Equivalents at End of Period |
|
$ 300
|
$ 284
|
|
|