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Equity Items (Tables) | 12 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | Components of other comprehensive income (loss) recorded in the Statements of Consolidated Comprehensive Income (Loss) are presented in the following table, before tax and net of tax effects.
|  |  |  |  |  | Tax |  |  |  |  |
|  | Before |  |  | (expense) |  |  | Net of |
(In millions) |  | tax |  |  | benefit |  |  | tax |
Year ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Unrealized translation loss |  | $ | (80 | ) |  | $ | — |  |  | $ | (80 | )
Pension and postretirement obligation adjustment |  |  | (7 | ) |  |  | 2 |  |  |  | (5 | )
Total other comprehensive loss |  | $ | (87 | ) |  | $ | 2 |  |  | $ | (85 | )
Year ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Unrealized translation loss |  | $ | (82 | ) |  | $ | — |  |  | $ | (82 | )
Net change in investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain on investment securities (a) |  |  | 24 |  |  |  | (7 | ) |  |  | 17 |
Reclassification adjustment for gains |  |  |  |  |  |  |  |  |  |  |  |
included in net income |  |  | (6 | ) |  |  | 2 |  |  |  | (4 | )
Total other comprehensive loss |  | $ | (64 | ) |  | $ | (5 | ) |  | $ | (69 | )
Year ended September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Unrealized translation loss |  | $ | 80 |  |  | $ | 1 |  |  | $ | 81 |
Amortization of unrecognized prior service |  |  |  |  |  |  |  |  |  |  |  |
credits included in net income |  |  | (7 | ) |  |  | 3 |  |  |  | (4 | )
Net change in investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain on investment securities (a) |  |  | 24 |  |  |  | (8 | ) |  |  | 16 |
Reclassification adjustment for gains |  |  |  |  |  |  |  |  |  |  |  |
included in net income |  |  | (2 | ) |  |  | 1 |  |  |  | (1 | )
Total other comprehensive income |  | $ | 95 |  |  | $ | (3 | ) |  | $ | 92 |
(a) | Due to the adoption of new accounting guidance in fiscal 2019, unrealized gains and losses on Ashland’s equity securities are now recognized in net income rather than other comprehensive income. See Notes A and G for more information.
Summary of Reconciliation of Changes in Stockholders' Equity | Summary of Stockholders’ Equity A reconciliation of changes in stockholders’ equity are as follows:
(In millions) |  | 2019 |  |  | 2018 |  |  | 2017 |
Common stock and paid in capital |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 947 |  |  | $ | 932 |  |  | $ | 924 |
Common shares issued under stock incentive and other plans (a) |  |  | 10 |  |  |  | 15 |  |  |  | 8 |
Common shares purchased under repurchase program (b) |  |  | (200 | ) |  |  | — |  |  |  | — |
Balance, end of period |  |  | 757 |  |  |  | 947 |  |  |  | 932 |
Retained earnings |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | 2,750 |  |  |  | 2,696 |  |  |  | 2,704 |
Adoption of new accounting pronouncements (c) |  |  | 34 |  |  |  | — |  |  |  | — |
Net income |  |  | 505 |  |  |  | 114 |  |  |  | 1 |
Regular dividends |  |  | (65 | ) |  |  | (60 | ) |  |  | (77 | )
Distribution of Valvoline Inc. (d) |  |  | — |  |  |  | — |  |  |  | 68 |
Balance, end of period |  |  | 3,224 |  |  |  | 2,750 |  |  |  | 2,696 |
Accumulated other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | (291 | ) |  |  | (222 | ) |  |  | (281 | )
Adoption of new accounting pronouncements (c) |  |  | (34 | ) |  |  | — |  |  |  | — |
Unrealized translation gain (loss) |  |  | (80 | ) |  |  | (82 | ) |  |  | 81 |
Distribution of Valvoline Inc. (d) |  |  | — |  |  |  | — |  |  |  | (33 | )
Net change in investment securities |  |  | — |  |  |  | 13 |  |  |  | 15 |
Pension and postretirement obligation adjustment |  |  | (5 | ) |  |  | — |  |  |  | (4 | )
Balance, end of period |  |  | (410 | ) |  |  | (291 | ) |  |  | (222 | )
Noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | — |  |  |  | — |  |  |  | (182 | )
Net income |  |  | — |  |  |  | — |  |  |  | 27 |
Distribution of Valvoline Inc. (d) |  |  | — |  |  |  | — |  |  |  | 152 |
Other |  |  | — |  |  |  | — |  |  |  | 7 |
Distributions to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (4 | )
Balance, end of period |  |  | — |  |  |  | — |  |  |  | — |
Total stockholders' equity |  | $ | 3,571 |  |  | $ | 3,406 |  |  | $ | 3,406 |
Cash dividends declared per common share |  | $ | 1.05 |  |  | $ | 0.95 |  |  | $ | 1.23 |
(a) | Common shares issued were 336,188, 360,468 and 42,861 for 2019, 2018 and 2017, respectively.
(b) | Common shares repurchased were 2,637,054 for 2019.
(c) | Represents the cumulative-effect adjustment related to the adoption of the new guidance related to the accounting for equity securities and tax effects of intercompany transfers during fiscal 2019. See Note A for more information.
(d) | See Note B for discussion of the noncontrolling interest and the initial public offering and distribution of Valvoline Inc.

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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