Debt and Other Financing Activities (Tables)

3 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Current and Long-term Debt

The following table summarizes Ashland’s current and long-term debt as of the dates reported in the Condensed Consolidated Balance Sheets.

(In millions)	December 31, 2023			September 30, 2023
3.375% Senior Notes, due 2031	$	450		$	450
2.00% Senior Notes, due 2028 (Euro 500 million principal)		554			528
6.875% notes, due 2043		282			282
6.50% junior subordinated notes, due 2029		64			64
Other(a)		(9	)		6
Total debt		1,341			1,330
Short-term debt		—			16
Long-term debt (less debt issuance costs)	$	1,341		$	1,314

(a)Other includes $13 million of debt issuance costs as of December 31, 2023 and September 30, 2023. The current portion of the long-term debt was zero for both December 31, 2023 and September 30, 2023.