Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Sep. 30, 2024
Current assets:
Cash and cash equivalents	$ 258	$ 223
Accounts and notes receivable, net of reserve for doubtful accounts of $5 and $5	671	733
Inventories	504	552
Prepaid expenses and other current assets	106	97
Total current assets	1,539	1,605
Property, plant and equipment	4,405	4,082
Accumulated depreciation	(2,694)	(2,548)
Net property, plant and equipment	1,711	1,534
Goodwill	134	133
Equity affiliates	16	23
Intangible assets, net	55	53
Deferred income taxes	180	216
Other assets	180	172
Total assets	3,815	3,736
Current liabilities:
Short-term borrowings	14	45
Accounts payable and accrued liabilities	648	676
Income taxes payable	35	43
Current portion of long-term debt	260	8
Total current liabilities	957	772
Long-term debt	856	1,087
Deferred income taxes	39	42
Other liabilities	258	245
Commitments and contingencies (Note S)
Common stock:
Authorized: 200,000,000 shares of $1 par value, Issued: 52,962,353 and 54,430,316 shares, Outstanding: 52,842,481 and 54,297,251 shares	53	54
Less cost of 119,872 and 133,065 shares of common treasury stock	(3)	(3)
Retained earnings	1,835	1,734
Accumulated other comprehensive income (loss)	(335)	(360)
Total Cabot Corporation stockholders’ equity	1,550	1,425
Noncontrolling interests	155	165
Total stockholders’ equity	1,705	1,590
Total liabilities and stockholders’ equity	$ 3,815	$ 3,736