Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 244	$ 238
Accounts and notes receivable, net of reserve for doubtful accounts of $3 and $2	726	695
Inventories:
Raw materials	154	148
Finished goods	398	374
Other	65	63
Total inventories	617	585
Prepaid expenses and other current assets	105	108
Total current assets	1,692	1,626
Property, plant and equipment	3,936	3,827
Accumulated depreciation	2,492	2,415
Net property, plant and equipment	1,444	1,412
Goodwill	138	134
Equity affiliates	21	20
Intangible assets, net	61	60
Deferred income taxes	166	180
Other assets	173	172
Total assets	3,695	3,604
Current liabilities:
Short-term borrowings	206	174
Accounts payable and accrued liabilities	585	600
Income taxes payable	31	40
Current portion of long-term debt	8	8
Total current liabilities	830	822
Long-term debt	1,098	1,094
Deferred income taxes	51	50
Other liabilities	241	231
Contingencies (Note E)
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: 55,560,648 and 55,379,636 shares, Outstanding: 55,424,816 and 55,243,804 shares Less cost of 135,832 and 135,832 shares of common treasury stock	55	55
Less cost of 135,832 and 135,832 shares of common treasury stock	(3)	(3)
Retained earnings	1,582	1,574
Accumulated other comprehensive income (loss)	(305)	(362)
Total Cabot Corporation stockholders' equity	1,329	1,264
Noncontrolling interests	146	143
Total stockholders' equity	1,475	1,407
Total liabilities and stockholders' equity	$ 3,695	$ 3,604