XML 90 R19.htm IDEA: XBRL DOCUMENT v3.19.3
Lease Commitments
12 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Lease Commitments

NOTE L – LEASE COMMITMENTS

Ashland and its subsidiaries are lessees of office buildings, transportation equipment, warehouses and storage facilities, other equipment, facilities and properties under leasing agreements that expire at various dates. Capitalized lease obligations are not significant and are included in long-term debt while capital lease assets are included in property, plant and equipment. Future minimum rental payments at September 30, 2019 were $28 million in 2020, $25 million in 2021, $33 million in 2022, $13 million in 2023, $11 million in 2024 and $103 million in 2025 and later years. Rental expense under operating leases for continuing operations was as follows:

 

(In millions)

 

2019

 

 

2018

 

 

2017

 

Minimum rentals (including rentals under short-term leases)

 

$

42

 

 

$

46

 

 

$

40

 

Sublease rental income

 

 

(1

)

 

 

(1

)

 

 

(2

)

 

 

$

41

 

 

$

45

 

 

$

38