ASHLAND INC.
For the period ended Sep 30, 2025. Filed Nov 20, 2025.
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FY2025 · Filed Nov 20, 2025
ASH$76.81-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
At September 30
| (In millions) | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $215 | $300 |
| Accounts receivable, net(a) - Notes A and H | 242 | 243 |
| Inventories - Note A | 568 | 545 |
| Other assets | 180 | 107 |
| Total current assets | 1,205 | 1,195 |
| Noncurrent assets | ||
| Property, plant and equipment - Note F | ||
| Cost | 3,355 | 3,316 |
| Accumulated depreciation | 2,154 | 2,013 |
| Net property, plant and equipment | 1,201 | 1,303 |
| Goodwill - Note G | 705 | 1,381 |
| Intangibles - Note G | 563 | 751 |
| Operating lease assets, net - Note J | 103 | 114 |
| Restricted investments - Note E | 297 | 295 |
| Asbestos insurance receivable, net(b) - Notes A and M | 127 | 132 |
| Deferred income taxes - Note K | 157 | 210 |
| Other assets - Note I | 253 | 264 |
| Total noncurrent assets | 3,406 | 4,450 |
| Total assets | $4,611 | $5,645 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Trade and other payables | $189 | $214 |
| Accrued expenses and other liabilities | 213 | 256 |
| Current operating lease obligations - Note J | 21 | 20 |
| Total current liabilities | 423 | 490 |
| Noncurrent liabilities | ||
| Long-term debt - Note H | 1,384 | 1,349 |
| Asbestos litigation reserves - Note M | 389 | 414 |
| Deferred income taxes - Note K | 31 | 29 |
| Employee benefit obligations - Note L | 96 | 110 |
| Operating lease obligations - Note J | 85 | 99 |
| Other liabilities - Note I | 299 | 286 |
| Total noncurrent liabilities | 2,284 | 2,287 |
| Commitments and contingencies - Notes J and M | ||
| Equity - Notes N and O | ||
| Common stock, par value $.01 per share, 200 million shares authorized | 1 | 1 |
| Paid-in capital | 6 | — |
| Retained earnings | 2,298 | 3,315 |
| Accumulated other comprehensive loss | (401) | (448) |
| Total equity | 1,904 | 2,868 |
| Total liabilities and equity | $4,611 | $5,645 |
(a)
Accounts receivable, net includes an allowance for credit lossesof $2 million at both September 30, 2025 and 2024.
(b)
Asbestos insurance receivable, net includes an allowance for credit losses of $2 million at both September 30, 2025 and 2024.
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