|
CONDENSED CONSOLIDATED BALANCE SHEET (USD $) In Millions, unless otherwise specified
|
Mar. 31, 2015
|
Sep. 30, 2014
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 207 |
$ 247 |
| Receivables, trade and other, net |
545 |
610 |
| Inventories |
365 |
379 |
| Other current assets |
55 |
56 |
| TOTAL CURRENT ASSETS |
1,172 |
1,292 |
| NET PROPERTY |
387 |
424 |
| GOODWILL |
414 |
431 |
| OTHER ASSETS |
344 |
355 |
| TOTAL ASSETS |
2,317 |
2,502 |
| LIABILITIES AND EQUITY (DEFICIT) |
|
|
| Short-term debt |
5 |
7 |
| Accounts and notes payable |
618 |
680 |
| Other current liabilities |
281 |
351 |
| TOTAL CURRENT LIABILITIES |
904 |
1,038 |
| LONG-TERM DEBT |
945 |
965 |
| RETIREMENT BENEFITS |
737 |
775 |
| OTHER LIABILITIES |
301 |
309 |
| TOTAL LIABILITIES |
2,887 |
3,087 |
| COMMITMENTS AND CONTINGENCIES (See Note 19) |
|
|
| EQUITY (DEFICIT): |
|
|
| Common stock (March 31, 2015 and September 30, 2014, 97.6 and 97.8 shares issued and outstanding, respectively) |
99 |
97 |
| Additional paid-in capital |
920 |
918 |
| Accumulated deficit |
(806) |
(878) |
| Treasury stock, at cost (March 31, 2015 and September 30, 2014, 1.2 and 0.0 shares, respectively) |
(16) |
0 |
| Accumulated other comprehensive loss |
(793) |
(749) |
| Total deficit attributable to Meritor, Inc. |
(596) |
(612) |
| Noncontrolling interests |
26 |
27 |
| TOTAL DEFICIT |
(570) |
(585) |
| TOTAL LIABILITIES AND DEFICIT |
$ 2,317 |
$ 2,502 |