v3.26.1
STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS    
Net income (loss) $ 20 $ (877)
Loss from discontinued operations, net of income taxes 22 22
Adjustments to reconcile income (loss) from continuing operations to cash flows from operating activities:    
Depreciation and amortization 141 187
Original issue discount and debt issuance costs amortization 6 5
Deferred income taxes 4 5
Gain from sales of property, plant and equipment (2) (11)
Income from affiliates (1) (1)
Stock based compensation expense 13 11
Loss from excess tax deduction on stock based compensation (1) 0
Income from restricted investments (28) (15)
Loss on divestitures, net 0 176
Goodwill impairment 0 706
Pension contributions (10) (9)
(Gain) loss on pension and other postretirement plan remeasurements (5) 1
Change in operating assets and liabilities 136 (106)
Total cash flows provided by operating activities from continuing operations 295 94
CASH FLOWS PROVIDED (USED) BY INVESTING ACTIVITIES FROM CONTINUING OPERATIONS    
Additions to property, plant and equipment (51) (64)
Proceeds from disposal of property, plant and equipment 4 11
Proceeds from settlement of Company-owned life insurance contracts 25 5
Proceeds from sale of operations 2 16
Company-owned life insurance payments (1) (1)
Funds restricted for specific transactions (9) (8)
Reimbursements from restricted investments 52 41
Proceeds from sale of securities 40 36
Purchases of securities (40) (36)
Total cash flows provided by investing activities from continuing operations 22 (0)
CASH FLOWS USED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS    
Repurchase of common stock 0 (100)
Debt issuance costs (2) 0
Cash dividends paid (57) (57)
Stock based compensation employee withholding taxes paid in cash (1) (4)
Total cash flows used by financing activities from continuing operations (60) (161)
CASH PROVIDED (USED) BY CONTINUING OPERATIONS 257 (67)
Cash used by discontinued operations    
Operating cash flows (31) (27)
Total cash used by discontinued operations (31) (27)
Effect of currency exchange rate changes on cash and cash equivalents (1) 1
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 225 (93)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 215 300
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 440 $ 207