Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2016	Sep. 30, 2016
Current assets:
Cash and cash equivalents	$ 189	$ 200
Accounts and notes receivable, net of reserve for doubtful accounts of $8 and $8	405	456
Inventories:
Raw materials	73	66
Work in process	1	1
Finished goods	249	237
Other	37	38
Total inventories	360	342
Prepaid expenses and other current assets	47	49
Total current assets	1,001	1,047
Property, plant and equipment, net	1,236	1,290
Goodwill	147	152
Equity affiliates	52	53
Intangible assets, net	131	140
Assets held for rent	98	97
Deferred income taxes	219	216
Other assets	45	40
Total assets	2,929	3,035
Current liabilities:
Notes payable	7	7
Accounts payable and accrued liabilities	369	364
Income taxes payable	20	25
Current portion of long-term debt	1	1
Total current liabilities	397	397
Long-term debt	913	914
Deferred income taxes	41	41
Other liabilities	275	285
Redeemable preferred stock	26	26
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: 62,419,896 and 62,449,425 shares Outstanding: 62,181,180 and 62,210,711 shares	62	62
Less cost of 238,716 and 238,714 shares of common treasury stock	(7)	(7)
Retained earnings	1,576	1,544
Accumulated other comprehensive income (loss)	(445)	(325)
Total Cabot Corporation stockholders' equity	1,186	1,274
Noncontrolling interests	91	98
Total stockholders' equity	1,277	1,372
Total liabilities and stockholders’ equity	$ 2,929	$ 3,035