Debt and Other Financing Activities (Tables)

9 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Summary of Current and Long-term Debt

The following table summarizes Ashland’s current and long-term debt as of the dates reported in the Condensed Consolidated Balance Sheets.

(In millions)	June 30, 2022			September 30, 2021
3.375% Senior Notes, due 2031	$	450		$	450
2.00% Senior Notes, due 2028 (Euro 500 million principal)		522			580
6.875% notes, due 2043		282			282
Term loan A		—			250
Accounts receivable securitizations		—			117
6.50% junior subordinated notes, due 2029		59			57
Revolving credit facility		—			225
Other (a)		(11	)		9
Total debt		1,302			1,970
Short-term debt (includes current portion of long-term debt)		—			(374	)
Long-term debt (less current portion)	$	1,302		$	1,596

(a)Includes $15 million and $17 million of debt issuance cost discounts as of June 30, 2022 and September 30, 2021, respectively. Additionally, at September 30, 2021, Other included a European short-term loan facility with an outstanding balance of $23 million.