Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 178	$ 77
Accounts and notes receivable, net of reserve for doubtful accounts of $8 and $7	407	477
Inventories:
Raw materials	58	69
Work in process	3	1
Finished goods	245	287
Other	38	40
Total inventories	344	397
Prepaid expenses and other current assets	55	54
Deferred income taxes	44	43
Total current assets	1,028	1,048
Property, plant and equipment, net	1,318	1,383
Goodwill	155	154
Equity affiliates	57	57
Intangible assets, net	149	153
Assets held for rent	94	86
Deferred income taxes	156	152
Other assets	41	42
Total assets	2,998	3,075
Current liabilities:
Notes payable	7	22
Accounts payable and accrued liabilities	336	389
Income taxes payable	10	28
Deferred income taxes	1	1
Current portion of long-term debt	301	1
Total current liabilities	655	441
Long-term debt	669	970
Deferred income taxes	61	59
Other liabilities	233	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: 62,590,343 and 62,704,966 shares Outstanding: 62,348,401 and 62,458,396 shares	$ 63	$ 63
Less cost of 241,942 and 246,570 shares of common treasury stock	(8)	(8)
Retained earnings	1,483	1,478
Accumulated other comprehensive loss	(279)	(299)
Total Cabot Corporation stockholders' equity	1,259	1,234
Noncontrolling interests	94	104
Total stockholders' equity	1,353	1,338
Total liabilities and stockholders’ equity	$ 2,998	$ 3,075