Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2021	Sep. 30, 2020
Current assets:
Cash and cash equivalents	$ 173	$ 151
Accounts and notes receivable, net of reserve for doubtful accounts of $3 and $2	633	418
Inventories:
Raw materials	141	82
Finished goods	293	225
Other	53	52
Total inventories	487	359
Prepaid expenses and other current assets	77	50
Total current assets	1,370	978
Property, plant and equipment, net	1,359	1,314
Goodwill	142	134
Equity affiliates	41	39
Intangible assets, net	103	103
Deferred income taxes	46	53
Other assets	164	160
Total assets	3,225	2,781
Current liabilities:
Short-term borrowings	59	14
Accounts payable and accrued liabilities	602	488
Income taxes payable	34	20
Current portion of long-term debt	9	7
Total current liabilities	704	529
Long-term debt	1,088	1,094
Deferred income taxes	58	58
Other liabilities	281	286
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: 56,866,956 and 56,616,030 shares, Outstanding: 56,723,495 and 56,466,638 shares	57	57
Less cost of 143,461 and 149,392 shares of common treasury stock	(4)	(4)
Retained earnings	1,169	989
Accumulated other comprehensive income (loss)	(267)	(351)
Total Cabot Corporation stockholders' equity	955	691
Noncontrolling interests	139	123
Total stockholders' equity	1,094	814
Total liabilities and stockholders' equity	$ 3,225	$ 2,781