Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 208	$ 168
Accounts and notes receivable, net of reserve for doubtful accounts of $3 and $4	876	645
Inventories:
Raw materials	184	168
Finished goods	424	300
Other	56	55
Total inventories	664	523
Prepaid expenses and other current assets	123	89
Total current assets	1,871	1,425
Property, plant and equipment, net	1,273	1,376
Goodwill	136	140
Equity affiliates	18	40
Intangible assets, net	67	100
Deferred income taxes	57	53
Other assets	146	172
Total assets	3,568	3,306
Current liabilities:
Short-term borrowings	291	72
Accounts payable and accrued liabilities	738	667
Income taxes payable	49	35
Current portion of long-term debt	22	373
Total current liabilities	1,100	1,147
Long-term debt	1,097	717
Deferred income taxes	73	73
Other liabilities	255	279
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: 56,436,645 and 56,870,237 shares, Outstanding: 56,298,570 and 56,726,818 shares	56	57
Less cost of 138,075 and 143,419 shares of common treasury stock	(3)	(4)
Additional paid-in capital		24
Retained earnings	1,210	1,159
Accumulated other comprehensive income (loss)	(368)	(289)
Total Cabot Corporation stockholders' equity	895	947
Noncontrolling interests	148	143
Total stockholders' equity	1,043	1,090
Total liabilities and stockholders' equity	$ 3,568	$ 3,306