Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 200	$ 77
Accounts and notes receivable, net of reserve for doubtful accounts of $8 and $7	456	477
Inventories	342	397
Prepaid expenses and other current assets	50	54
Deferred income taxes	41	43
Total current assets	1,089	1,048
Property, plant and equipment	3,433	3,385
Accumulated depreciation	(2,143)	(2,002)
Net property, plant and equipment	1,290	1,383
Goodwill	152	154
Equity affiliates	53	57
Intangible assets, net	140	153
Assets held for rent	97	86
Deferred income taxes	180	152
Other assets	43	42
Total assets	3,044	3,075
Current liabilities:
Notes payable	7	22
Accounts payable and accrued liabilities	364	389
Income taxes payable	25	28
Deferred income taxes	1	1
Current portion of long-term debt	1	1
Total current liabilities	398	441
Long-term debt	918	970
Deferred income taxes	45	59
Other liabilities	285	240
Redeemable Preferred Stock	26	27
Commitments and contingencies (Note T)
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: 62,449,425 and 62,704,966 shares Outstanding 62,210,711 and 62,458,396 shares	62	63
Less cost of 238,714 and 246,570 shares of common treasury stock	(7)	(8)
Retained earnings	1,544	1,478
Accumulated other comprehensive income (loss)	(325)	(299)
Total Cabot Corporation stockholders’ equity	1,274	1,234
Noncontrolling interests	98	104
Total stockholders’ equity	1,372	1,338
Total liabilities and stockholders’ equity	$ 3,044	$ 3,075