Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2018	Sep. 30, 2017
Current assets:
Cash and cash equivalents	$ 175	$ 280
Accounts and notes receivable, net of reserve for doubtful accounts of $7 and $9	637	527
Inventories	511	433
Prepaid expenses and other current assets	63	59
Total current assets	1,386	1,299
Property, plant and equipment	3,520	3,602
Accumulated depreciation	(2,224)	(2,297)
Net property, plant and equipment	1,296	1,305
Goodwill	93	154
Equity affiliates	52	56
Intangible assets, net	98	137
Assets held for rent	118	104
Deferred income taxes	134	237
Other assets	67	46
Total assets	3,244	3,338
Current liabilities:
Short-term borrowings	249	7
Accounts payable and accrued liabilities	613	457
Income taxes payable	29	22
Current portion of long-term debt	35	256
Redeemable preferred stock	26
Total current liabilities	952	742
Long-term debt	719	661
Deferred income taxes	42	38
Other liabilities	252	245
Redeemable preferred stock		27
Commitments and contingencies (Note S)
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: 60,566,375 and 62,087,627 shares Outstanding 60,366,569 and 61,884,347 shares	61	62
Less cost of 199,806 and 203,280 shares of common treasury stock	(7)	(6)
Retained earnings	1,417	1,707
Accumulated other comprehensive income (loss)	(317)	(259)
Total Cabot Corporation stockholders’ equity	1,154	1,504
Noncontrolling interests	125	121
Total stockholders’ equity	1,279	1,625
Total liabilities and stockholders’ equity	$ 3,244	$ 3,338