Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2021	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 179	$ 168
Accounts and notes receivable, net of reserve for doubtful accounts of $4 and $4	660	645
Inventories:
Raw materials	154	168
Finished goods	341	300
Other	51	55
Total inventories	546	523
Prepaid expenses and other current assets	113	89
Assets held for sale	111
Total current assets	1,609	1,425
Property, plant and equipment, net	1,267	1,376
Goodwill	140	140
Equity affiliates	14	40
Intangible assets, net	70	100
Deferred income taxes	57	53
Other assets	158	172
Total assets	3,315	3,306
Current liabilities:
Short-term borrowings	226	72
Accounts payable and accrued liabilities	620	667
Income taxes payable	37	35
Current portion of long-term debt	373	373
Liabilities held for sale	71
Total current liabilities	1,327	1,147
Long-term debt	714	717
Deferred income taxes	73	73
Other liabilities	253	279
Contingencies (Note H)
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: 56,723,411 and 56,870,237 shares, Outstanding: 56,579,992 and 56,726,818 shares	57	57
Less cost of 143,419 and 143,419 shares of common treasury stock	(4)	(4)
Additional paid-in capital	11	24
Retained earnings	1,049	1,159
Accumulated other comprehensive income (loss)	(319)	(289)
Total Cabot Corporation stockholders' equity	794	947
Noncontrolling interests	154	143
Total stockholders' equity	948	1,090
Total liabilities and stockholders' equity	$ 3,315	$ 3,306