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Acquisitions (Tables)

12 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of Recognized Assets Acquired and Liabilities Assumed

The purchase price allocation was finalized during 2018 and the following table summarizes the values of the assets acquired and liabilities assumed at the date of acquisition.

		At
		May 17, 2017
Purchase price allocation (in millions)		As Adjusted
Assets:
Accounts receivable			52
Inventory			74
Other current assets			4
Intangible assets			330
Goodwill			288
Property, plant and equipment			94
Other noncurrent assets			17
Liabilities:
Accounts payable			(33	)
Deferred tax - net			(132	)
Other noncurrent liabilities			(14	)
Total purchase price		$	680

Schedule of Finite-Lived Intangible Assets as Part of Business Combination

The following details the total intangible assets identified as of May 17, 2017.

						Weighted-average
						amortization period
Intangible asset type (in millions)		Value				(years)
Trademarks and trade names		$	26				15
Intellectual property			68				22
Customer and supplier relationships			236				20
Total		$	330

Results of Operations

The following table provides sales and operating income from the acquired Pharmachem operations included in Ashland’s 2017 results.

Pharmachem results of operations
(In millions)		2017 (a)
Sales		$	104
Operating income			7

(a) Amounts represent the sales and results of operations for the period May 17, 2017 through September 30, 2017, the period for which Pharmachem was owned during 2017.

Business Acquisition, Pro Forma Information

The following unaudited pro forma information for 2017 assumes the acquisition of Pharmachem occurred at the beginning of the respective periods presented.

Unaudited pro forma information
(In millions)		2017
Sales		$	2,483
Net income			31

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