ASHLAND INC
For the period ended Sep 30, 2024. Filed Nov 18, 2024.
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FY2024 · Filed Nov 18, 2024
ASH$77.70+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
At September 30
| (In millions) | 2024 | 2023 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $300 | $417 |
| Accounts receivable(a) - Notes A and H | 243 | 338 |
| Inventories - Note A | 545 | 626 |
| Other assets | 107 | 125 |
| Total current assets | 1,195 | 1,506 |
| Noncurrent assets | ||
| Property, plant and equipment - Note F | ||
| Cost | 3,316 | 3,211 |
| Accumulated depreciation | 2,013 | 1,838 |
| Net property, plant and equipment | 1,303 | 1,373 |
| Goodwill - Note G | 1,381 | 1,362 |
| Intangibles - Note G | 751 | 886 |
| Operating lease assets, net - Note J | 114 | 122 |
| Restricted investments - Note E | 295 | 290 |
| Asbestos insurance receivable(b) - Notes A and M | 132 | 127 |
| Deferred income taxes - Note K | 210 | 22 |
| Other assets - Note I | 264 | 251 |
| Total noncurrent assets | 4,450 | 4,433 |
| Total assets | $5,645 | $5,939 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Short-term debt - Note H | $— | $16 |
| Trade and other payables | 214 | 210 |
| Accrued expenses and other liabilities | 256 | 208 |
| Current operating lease obligations - Note J | 20 | 22 |
| Total current liabilities | 490 | 456 |
| Noncurrent liabilities | ||
| Long-term debt - Note H | 1,349 | 1,314 |
| Asbestos litigation reserve - Note M | 414 | 427 |
| Deferred income taxes - Note K | 29 | 148 |
| Employee benefit obligations - Note L | 110 | 100 |
| Operating lease obligations - Note J | 99 | 106 |
| Other liabilities - Note I | 286 | 291 |
| Total noncurrent liabilities | 2,287 | 2,386 |
| Commitments and contingencies - Notes J and M | ||
| Equity - Notes N and O | ||
| Common stock, par value $.01 per share, 200 million shares authorized | 1 | 1 |
| Paid-in capital | — | 4 |
| Retained earnings | 3,315 | 3,595 |
| Accumulated other comprehensive loss | (448) | (503) |
| Total equity | 2,868 | 3,097 |
| Total liabilities and equity | $5,645 | $5,939 |
(a)
Accounts receivable includes an allowance for credit lossesof$2 million and$3 million at September 30, 2024 and 2023, respectively.
(b)
Asbestos insurance receivable includes an allowance for credit losses of $2 million at both September 30, 2024 and 2023.
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