Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Sep. 30, 2020
Current assets:
Cash and cash equivalents	$ 146	$ 151
Accounts and notes receivable, net of reserve for doubtful accounts of $4 and $2	578	418
Inventories:
Raw materials	123	82
Finished goods	264	225
Other	49	52
Total inventories	436	359
Prepaid expenses and other current assets	64	50
Total current assets	1,224	978
Property, plant and equipment, net	1,334	1,314
Goodwill	139	134
Equity affiliates	40	39
Intangible assets, net	103	103
Deferred income taxes	50	53
Other assets	157	160
Total assets	3,047	2,781
Current liabilities:
Short-term borrowings	44	14
Accounts payable and accrued liabilities	562	488
Income taxes payable	33	20
Current portion of long-term debt	8	7
Total current liabilities	647	529
Long-term debt	1,087	1,094
Deferred income taxes	58	58
Other liabilities	308	286
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: 56,767,240 and 56,616,030 shares, Outstanding: 56,622,455 and 56,466,638 shares	57	57
Less cost of 144,785 and 149,392 shares of common treasury stock	(4)	(4)
Retained earnings	1,094	989
Accumulated other comprehensive income (loss)	(336)	(351)
Total Cabot Corporation stockholders' equity	811	691
Noncontrolling interests	136	123
Total stockholders' equity	947	814
Total liabilities and stockholders' equity	$ 3,047	$ 2,781