Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2018	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 142	$ 175
Accounts and notes receivable, net of reserve for doubtful accounts of $6 and $7	588	637
Inventories:
Raw materials	146	129
Work in process	3	3
Finished goods	390	329
Other	50	50
Total inventories	589	511
Prepaid expenses and other current assets	62	63
Total current assets	1,381	1,386
Property, plant and equipment, net	1,298	1,296
Goodwill	90	93
Equity affiliates	49	52
Intangible assets, net	94	98
Assets held for rent	125	118
Deferred income taxes	151	134
Other assets	67	67
Total assets	3,255	3,244
Current liabilities:
Short-term borrowings	515	249
Accounts payable and accrued liabilities	521	613
Income taxes payable	14	29
Current portion of long-term debt	5	35
Redeemable preferred stock		26
Total current liabilities	1,055	952
Long-term debt	671	719
Deferred income taxes	42	42
Other liabilities	211	252
Commitments and contingencies (Note G)
Preferred stock:
Authorized: 2,000,000 shares of $1 par value Issued and Outstanding: None and none
Common stock:
Authorized: 200,000,000 shares of $1 par value Issued: 59,709,462 and 60,566,375 shares Outstanding: 59,509,656 and 60,366,569 shares	60	61
Less cost of 199,806 and 199,806 shares of common treasury stock	(7)	(7)
Retained earnings	1,410	1,417
Accumulated other comprehensive income (loss)	(320)	(317)
Total Cabot Corporation stockholders' equity	1,143	1,154
Noncontrolling interests	133	125
Total stockholders' equity	1,276	1,279
Total liabilities and stockholders' equity	$ 3,255	$ 3,244