Proposition 6
Tag 06C6, permanent. Cite it as [Bourbaki, Tag 06C6].
Algebra, chapter IV, § 4. Formal power series
— Let ; then for to be invertible in it is necessary and sufficient that its constant term should be invertible in .
Suppose that there exists such that . Let be the constant terms of and , then , so is invertible.
Conversely, suppose that the constant term of is invertible. Then there exists a formal power series such that and . Now there is a ring homomorphism such that , and is invertible in (Prop. 5); consequently is invertible in , and hence so is .
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.