Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2015	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 84	$ 77
Accounts and notes receivable, net of reserve for doubtful accounts of $8 and $7	437	477
Inventories:
Raw materials	65	69
Work in process	4	1
Finished goods	261	287
Other	39	40
Total inventories	369	397
Prepaid expenses and other current assets	66	54
Deferred income taxes	43	43
Total current assets	999	1,048
Property, plant and equipment, net	1,315	1,383
Goodwill	153	154
Equity affiliates	54	57
Intangible assets, net	149	153
Assets held for rent	90	86
Deferred income taxes	153	152
Other assets	42	42
Total assets	2,955	3,075
Current liabilities:
Notes payable	7	22
Accounts payable and accrued liabilities	376	389
Income taxes payable	24	28
Deferred income taxes	1	1
Current portion of long-term debt	301	1
Total current liabilities	709	441
Long-term debt	670	970
Deferred income taxes	59	59
Other liabilities	235	240
Redeemable preferred stock	$ 27	$ 27
Commitments and 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: 0 and 64,634,731 shares Outstanding: 0 and 64,382,366 shares	$ 63	$ 63
Less cost of 246,293 and 246,570 shares of common treasury stock	(8)	(8)
Retained earnings	1,448	1,478
Accumulated other comprehensive loss	(344)	(299)
Total Cabot Corporation stockholders' equity	1,159	1,234
Noncontrolling interests	96	104
Total stockholders' equity	1,255	1,338
Total liabilities and stockholders’ equity	$ 2,955	$ 3,075