Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 176	$ 175
Accounts and notes receivable, net of reserve for doubtful accounts of $5 and $7	555	637
Inventories:
Raw materials	139	129
Work in process	1	3
Finished goods	363	329
Other	51	50
Total inventories	554	511
Prepaid expenses and other current assets	59	63
Assets held for sale	179
Total current assets	1,523	1,386
Property, plant and equipment, net	1,297	1,296
Goodwill	91	93
Equity affiliates	38	52
Intangible assets, net	93	98
Assets held for rent		118
Deferred income taxes	158	134
Other assets	72	67
Total assets	3,272	3,244
Current liabilities:
Short-term borrowings	576	249
Accounts payable and accrued liabilities	529	613
Income taxes payable	2	29
Current portion of long-term debt	5	35
Liabilities held for sale	21
Redeemable preferred stock		26
Total current liabilities	1,133	952
Long-term debt	672	719
Deferred income taxes	42	42
Other liabilities	193	252
Commitments and contingencies (Note I)
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: 58,644,974 and 60,566,375 shares Outstanding: 58,449,603 and 60,366,569 shares	59	61
Less cost of 195,371 and 199,806 shares of common treasury stock	(7)	(7)
Retained earnings	1,367	1,417
Accumulated other comprehensive income (loss)	(315)	(317)
Total Cabot Corporation stockholders' equity	1,104	1,154
Noncontrolling interests	128	125
Total stockholders' equity	1,232	1,279
Total liabilities and stockholders' equity	$ 3,272	$ 3,244