ASHLAND INC
For the period ended Sep 30, 2024. Filed Nov 18, 2024.
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FY2024 · Filed Nov 18, 2024
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Statements of Consolidated Equity
| Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| other | |||||||||
| Common · Paid-in · Retained · comprehensive | |||||||||
| (In millions) · stock · capital · earnings · income (loss)(a) · Total | |||||||||
| Balance at September 30, 2021 | $1 | $327 | $2,796 | $(372) | $2,752 | ||||
| Total comprehensive income | |||||||||
| Net income | 927 | 927 | |||||||
| Other comprehensive income | (197) | (197) | |||||||
| Dividends, $1.27 per common share | (70) | (70) | |||||||
| Compensation expense and common shares issued under stock incentive and other plans(b)(c) | 8 | 8 | |||||||
| Repurchase of common stock(d) | (200) | (200) | |||||||
| Balance at September 30, 2022 | 1 | 135 | 3,653 | (569) | 3,220 | ||||
| Total comprehensive income (loss) | |||||||||
| Net income | 178 | 178 | |||||||
| Other comprehensive loss | 66 | 66 | |||||||
| Dividends, $1.44 per common share | (76) | (76) | |||||||
| Compensation expense and common shares issued under stock incentive and other plans(b)(c) | 12 | 12 | |||||||
| Repurchase of common stock(d)(e) | (143) | (160) | (303) | ||||||
| Balance at September 30, 2023 | 1 | 4 | 3,595 | (503) | 3,097 | ||||
| Total comprehensive income | |||||||||
| Net income | 169 | 169 | |||||||
| Other comprehensive income | 55 | 55 | |||||||
| Dividends, $1.58 per common share | (79) | (79) | |||||||
| Compensation expense and common shares issued under stock incentive and other plans(b)(c) | 9 | 9 | |||||||
| Repurchase of common stock(d)(e) | (13) | (370) | (383) | ||||||
| Balance at September 30, 2024 | $1 | $— | $3,315 | $(448) | $2,868 | ||||
(a)
At September 30, 2024 and 2023, the net of tax accumulated other comprehensive loss of $448 million and $503 million, respectively, was comprised of net unrealized translation losses of $445 million and $499 million, respectively, unrecognized prior service costs as a result of certain employee benefit plan amendments of $1 million and $1 million, respectively, and net unrealized losses on commodity hedges of $2 million and $3 million, respectively.
(b)
Includes a benefit of $5 million, $11 million and $9 million for stock based compensation employee withholding taxes paid in cash for 2024, 2023 and 2022, respectively,
(c)
Common shares issued were 137,799,193,767, and 168,270 for 2024, 2023 and 2022, respectively.
(d)
Common shares repurchased were 4,285,194,3,082,928, and 2,853,312 for 2024, 2023 and 2022, respectively.
(e)
Includes $3 million of accrued excise taxes on stock repurchases for 2024 and 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.