Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Current assets:
Cash and cash equivalents	$ 190	$ 206
Accounts and notes receivable, net of reserve for doubtful accounts of $X and $3	779	836
Inventories:
Raw materials	172	182
Finished goods	471	427
Other	61	55
Total inventories	704	664
Prepaid expenses and other current assets	127	114
Total current assets	1,800	1,820
Property, plant and equipment, net	1,304	1,270
Goodwill	133	129
Equity affiliates	21	20
Intangible assets, net	63	63
Deferred income taxes	44	45
Other assets	170	178
Total assets	3,535	3,525
Current liabilities:
Short-term borrowings	312	347
Accounts payable and accrued liabilities	630	707
Income taxes payable	35	44
Current portion of long-term debt	7	7
Total current liabilities	984	1,105
Long-term debt	1,091	1,089
Deferred income taxes	65	65
Other liabilities	236	234
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: 56,453,279 and 56,385,963 shares, Outstanding: 56,315,875 and 56,248,559 shares	57	56
Less cost of 137,404 and 137,404 shares of common treasury stock	(4)	(4)
Additional paid-in capital		1
Retained earnings	1,314	1,284
Accumulated other comprehensive income (loss)	(358)	(439)
Total Cabot Corporation stockholders' equity	1,009	898
Noncontrolling interests	150	134
Total stockholders' equity	1,159	1,032
Total liabilities and stockholders' equity	$ 3,535	$ 3,525