Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022
Current assets:
Cash and cash equivalents	$ 238	$ 206
Accounts and notes receivable, net of reserve for doubtful accounts of $2 and $3	695	836
Inventories	585	664
Prepaid expenses and other current assets	108	114
Total current assets	1,626	1,820
Property, plant and equipment	3,827	3,554
Accumulated depreciation	(2,415)	(2,284)
Net property, plant and equipment	1,412	1,270
Goodwill	134	129
Equity affiliates	20	20
Intangible assets, net	60	63
Deferred income taxes	180	45
Other assets	172	178
Total assets	3,604	3,525
Current liabilities:
Short-term borrowings	174	347
Accounts payable and accrued liabilities	600	707
Income taxes payable	40	44
Current portion of long-term debt	8	7
Total current liabilities	822	1,105
Long-term debt	1,094	1,089
Deferred income taxes	50	65
Other liabilities	231	234
Commitments and contingencies (Note S)
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: 55,379,636 and 56,385,963 shares, Outstanding: 55,243,804 and 56,248,559 shares	55	56
Less cost of xxx,xxx and 137,404 shares of common treasury stock	(3)	(4)
Additional paid-in capital		1
Retained earnings	1,574	1,284
Accumulated other comprehensive income (loss)	(362)	(439)
Total Cabot Corporation stockholders’ equity	1,264	898
Noncontrolling interests	143	134
Total stockholders’ equity	1,407	1,032
Total liabilities and stockholders’ equity	$ 3,604	$ 3,525