Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Sep. 30, 2016
Current assets:
Cash and cash equivalents	$ 280	$ 200
Accounts and notes receivable, net of reserve for doubtful accounts of $9 and $8	527	456
Inventories	396	342
Prepaid expenses and other current assets	59	49
Total current assets	1,262	1,047
Property, plant and equipment	3,602	3,433
Accumulated depreciation	(2,297)	(2,143)
Net property, plant and equipment	1,305	1,290
Goodwill	154	152
Equity affiliates	56	53
Intangible assets, net	137	140
Assets held for rent	104	97
Deferred income taxes	250	216
Other assets	46	40
Total assets	3,314	3,035
Current liabilities:
Notes payable	7	7
Accounts payable and accrued liabilities	457	364
Income taxes payable	22	25
Current portion of long-term debt	256	1
Total current liabilities	742	397
Long-term debt	661	914
Deferred income taxes	38	41
Other liabilities	245	285
Redeemable preferred stock	27	26
Commitments and contingencies (Note R)
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: 62,087,627 and 62,449,425 shares Outstanding 61,884,347 and 62,210,711 shares	62	62
Less cost of 203,280 and 238,714 shares of common treasury stock	(6)	(7)
Retained earnings	1,683	1,544
Accumulated other comprehensive income (loss)	(259)	(325)
Total Cabot Corporation stockholders’ equity	1,480	1,274
Noncontrolling interests	121	98
Total stockholders’ equity	1,601	1,372
Total liabilities and stockholders’ equity	$ 3,314	$ 3,035