Discontinued Operations (Tables)

6 Months Ended

Mar. 31, 2019

Discontinued Operations And Disposal Groups [Abstract]

Components of Consolidated Comprehensive Income (Loss) Related to Discontinued Operations

Components of amounts reflected in the Statements of Consolidated Comprehensive Income (Loss) related to discontinued operations are presented in the following table for the three and six months ended March 31, 2019 and 2018.

	Three months ended				Six months ended
	March 31				March 31
(In millions)	2019		2018		2019			2018
Income (loss) from discontinued operations (net of tax)
Composites/Marl facility	$	28	$	24	$	53		$	49
Valvoline		1		4		1			7
Asbestos-related litigation		—		3		—			3
Water Technologies		2		—		1			—
Distribution		—		—		(1	)		—
	$	31	$	31	$	54		$	59

The following table presents a reconciliation of the captions within Ashland's Statements of Consolidated Comprehensive Income (Loss) for the income (loss) from discontinued operations attributable to Composites and the Marl facility for the three and six months ended March 31, 2019 and 2018. Interest expense was allocated to discontinued operations based on Ashland’s mandatory debt prepayments upon the disposition of Composites and the Marl facility.

	Three months ended						Six months ended
	March 31						March 31
(In millions)	2019			2018			2019			2018
Income (loss) from discontinued operations attributable to Composites/Marl facility
Sales	$	284		$	302		$	559		$	563
Cost of sales		(217	)		(250	)		(434	)		(461	)
Selling, general and administrative expense		(19	)		(17	)		(41	)		(34	)
Research and development expense		(3	)		(3	)		(6	)		(5	)
Equity and other income (expense)		—			(1	)		3			2
Pretax operating income of discontinued operations		45			31			81			65
Net interest and other (expense) income		(6	)		(5	)		(12	)		(9	)
Pretax income of discontinued operations		39			26			69			56
Income tax expense		(11	)		(2	)		(16	)		(7	)
Income from discontinued operations	$	28		$	24		$	53		$	49