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Statements of Consolidated Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]      
Sales $ 2,493 $ 2,589 $ 2,309
Cost of sales 1,726 1,726 1,580
Gross profit 767 863 729
Selling, general and administrative expense 539 692 610
Research and development expense 66 73 73
Equity and other income 4 4 3
Operating income 166 102 49
Net interest and other expense - Note J 99 102 229
Other net periodic benefit income (costs) - Note N 5 15 (6)
Net loss on acquisitions and divestitures - Notes C and D (2) (4) (10)
Income (loss) from continuing operations before income taxes 70 11 (196)
Income tax expense (benefit) - Note M 46 (8) (16)
Income (loss) from continuing operations 24 19 (180)
Income from discontinued operations (net of tax) - Note E 481 95 208
Net income 505 114 28
Net income attributable to noncontrolling interest [1] 0 0 27
Net income attributable to Ashland $ 505 $ 114 $ 1
Basic earnings per share      
Income (loss) from continuing operations $ 0.39 $ 0.30 $ (2.90)
Income from discontinued operations attributable to Ashland 7.76 1.52 2.91
Net income attributable to Ashland 8.15 1.82 0.01
Diluted earnings per share      
Income (loss) from continuing operations 0.39 0.29 (2.90)
Income from discontinued operations attributable to Ashland 7.64 1.50 2.91
Net income attributable to Ashland $ 8.03 $ 1.79 $ 0.01
COMPREHENSIVE INCOME (LOSS)      
Net income $ 505 $ 114 $ 28
Other comprehensive income (loss), net of tax      
Unrealized translation gain (loss) (80) (82) 81
Pension and postretirement obligation adjustment (5) 0 (4)
Net change in investment securities 0 13 15
Other comprehensive income (loss) (85) (69) 92
Comprehensive income 420 45 120
Comprehensive income attributable to noncontrolling interest 0 0 27
Comprehensive income attributable to Ashland $ 420 $ 45 $ 93
[1] Represents the income attributable to the previous noncontrolling interest in Valvoline Inc., whose results are now included within discontinued operations. See Note B for more information