Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 215	$ 168
Accounts and notes receivable, net of reserve for doubtful accounts of $3 and $4	791	645
Inventories:
Raw materials	193	168
Finished goods	386	300
Other	54	55
Total inventories	633	523
Prepaid expenses and other current assets	139	89
Total current assets	1,778	1,425
Property, plant and equipment, net	1,291	1,376
Goodwill	141	140
Equity affiliates	16	40
Intangible assets, net	70	100
Deferred income taxes	63	53
Other assets	165	172
Total assets	3,524	3,306
Current liabilities:
Short-term borrowings	253	72
Accounts payable and accrued liabilities	737	667
Income taxes payable	44	35
Current portion of long-term debt	373	373
Total current liabilities	1,407	1,147
Long-term debt	711	717
Deferred income taxes	73	73
Other liabilities	267	279
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: 56,571,822 and 56,870,237 shares, Outstanding: 56,431,554 and 56,726,818 shares	57	57
Less cost of 140,268 and 143,419 shares of common treasury stock	(4)	(4)
Additional paid-in capital	4	24
Retained earnings	1,135	1,159
Accumulated other comprehensive income (loss)	(274)	(289)
Total Cabot Corporation stockholders' equity	918	947
Noncontrolling interests	148	143
Total stockholders' equity	1,066	1,090
Total liabilities and stockholders' equity	$ 3,524	$ 3,306