Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 222	$ 77
Accounts and notes receivable, net of reserve for doubtful accounts of $8 and $7	434	477
Inventories:
Raw materials	67	69
Work in process	3	1
Finished goods	223	287
Other	37	40
Total inventories	330	397
Prepaid expenses and other current assets	44	54
Deferred income taxes	49	43
Total current assets	1,079	1,048
Property, plant and equipment, net	1,297	1,383
Goodwill	152	154
Equity affiliates	55	57
Intangible assets, net	142	153
Assets held for rent	95	86
Deferred income taxes	172	152
Other assets	41	42
Total assets	3,033	3,075
Current liabilities:
Notes payable	7	22
Accounts payable and accrued liabilities	332	389
Income taxes payable	20	28
Deferred income taxes	1	1
Current portion of long-term debt	301	1
Total current liabilities	661	441
Long-term debt	669	970
Deferred income taxes	67	59
Other liabilities	226	240
Redeemable preferred stock	27	27
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: 62,530,702 and 62,704,966 shares Outstanding: 62,288,963 and 62,458,396 shares	63	63
Less cost of 241,739 and 246,570 shares of common treasury stock	(8)	(8)
Retained earnings	1,523	1,478
Accumulated other comprehensive loss	(290)	(299)
Total Cabot Corporation stockholders' equity	1,288	1,234
Noncontrolling interests	95	104
Total stockholders' equity	1,383	1,338
Total liabilities and stockholders’ equity	$ 3,033	$ 3,075