Condensed Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Sales:        
Product sales $ 1,119 $ 1,101 $ 2,099 $ 2,069
Service sales 223 210 436 411
Total sales 1,342 1,311 2,535 2,480
Costs, expenses and other:        
Product cost of sales 779 760 1,447 1,451
Service cost of sales 151 147 299 292
Selling, general and administrative expenses 158 160 317 323
Interest expense [1] 25 17 45 32
Other income, net (4) (8) (9) (10)
Total costs, expenses and other 1,109 1,076 2,099 2,088
Income from continuing operations before income taxes 233 235 436 392
Income tax expense 65 63 123 87
Income from continuing operations 168 172 313 305
Income (loss) from discontinued operations, net of taxes 0 (1) 0 1
Net income $ 168 $ 171 $ 313 $ 306
Basic        
Continuing operations $ 1.28 $ 1.31 $ 2.39 $ 2.33
Discontinued operations 0.00 0.00 0.00 0.00
Basic earnings per share 1.28 1.31 2.39 2.33
Diluted        
Continuing operations 1.27 1.30 2.37 2.30
Discontinued operations 0.00 (0.01) 0.00 0.01
Diluted earnings per share $ 1.27 $ 1.29 $ 2.37 $ 2.31
Weighted average common shares:        
Basic 130.9 130.8 130.7 131.1
Diluted 132.4 132.3 132.1 132.7
Cash dividends per share $ 0.33 $ 0.33 $ 0.66 $ 0.66
[1] During the three and six months ended March 31, 2017, the Company incurred $8 million and $11 million, respectively, of bridge facility fees related to the B/E Aerospace acquisition. These costs are included in Interest expense. Therefore total transaction costs related to the acquisition of B/E Aerospace during the three and six months ended March 31, 2017 were $13 million and $27 million, respectively. At March 31, 2017, $2 million of transaction costs were unpaid and included in Accounts payable on the Condensed Consolidated Statement of Financial Position.