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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]        
Sales $ 974 $ 806 $ 1,816 $ 1,510
Cost of sales 699 578 1,312 1,093
Gross profit 275 228 504 417
Selling, general and administrative expense 163 155 334 312
Research and development expense 21 21 43 41
Equity and other income 4 1 6 4
Operating income 95 53 133 68
Net interest and other financing expense 29 29 59 152
Other net periodic benefit income 1 0 1 3
Net loss on divestitures 0 0 1 1
Income (loss) from continuing operations before income taxes 67 24 74 (82)
Income tax expense (benefit) 1 (5) 15 (45)
Income (loss) from continuing operations 66 29 59 (37)
Income from discontinued operations (net of income taxes) 7 76 10 152
Net income 73 105 69 115
Net income attributable to noncontrolling interest [1] 0 13 0 24
Net income attributable to Ashland $ 73 $ 92 $ 69 $ 91
Basic earnings per share - Note L        
Income (loss) from continuing operations $ 1.06 $ 0.46 $ 0.94 $ (0.59)
Income from discontinued operations attributable to Ashland 0.11 1.02 0.16 2.06
Net income attributable to Ashland 1.17 1.48 1.10 1.47
Diluted earnings per share - Note L        
Income (loss) from continuing operations 1.04 0.46 0.93 (0.59)
Income from discontinued operations attributable to Ashland 0.11 1.01 0.15 2.06
Net income attributable to Ashland $ 1.15 $ 1.47 $ 1.08 $ 1.47
COMPREHENSIVE INCOME (LOSS)        
Net income $ 73 $ 105 $ 69 $ 115
Other comprehensive income (loss), net of tax        
Unrealized translation gain (loss) 55 60 58 (86)
Pension and postretirement obligation adjustment 0 (2) 0 (4)
Net change in available-for-sale securities (6) 6 2 6
Other comprehensive income (loss) 49 64 60 (84)
Comprehensive income 122 169 129 31
Comprehensive income attributable to noncontrolling interest 0 14 0 24
Comprehensive income attributable to Ashland $ 122 $ 155 $ 129 $ 7
[1] For the three and six months ended March 31, 2017, this represents the income attributable to the previous noncontrolling interest in Valvoline Inc., whose results are now included within discontinued operations. See Note B for more information.