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Debt (Tables)
 6 Months Ended
Mar. 31, 2020
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)

 

March 31, 2020

 

 

September 30, 2019

 

4.750% notes, due 2022

 

$

410

 

 

$

1,080

 

2.00% Senior Notes, due 2028 (Euro 500 million principal)

 

 

551

 

 

 

—

 

6.875% notes, due 2043

 

 

282

 

 

 

374

 

Term loan A, due 2025

 

 

250

 

 

 

—

 

Accounts receivable securitizations

 

 

209

 

 

 

144

 

6.50% junior subordinated notes, due 2029

 

 

54

 

 

 

54

 

Revolving credit facility

 

 

240

 

 

 

—

 

Other (a)

 

 

10

 

 

 

15

 

Total debt

 

 

2,006

 

 

 

1,667

 

Short-term debt (includes current portion of long-term debt)

 

 

(471

)

 

 

(166

)

Long-term debt (less current portion)

 

$

1,535

 

 

$

1,501

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Includes $15 million and $12 million of debt issuance cost discounts as of March 31, 2020 and September 30, 2019, respectively. Additionally, as of both March 31, 2020 and September 30, 2019, Other included a European short-term loan facility with an outstanding balance of $22 million.