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Debt (Tables)

9 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Summary of Current and Long-term Debt

The following table summarizes Ashland’s current and long-term debt as of the dates reported in the Condensed Consolidated Balance Sheets.

(In millions)		June 30, 2019				September 30, 2018
4.750% notes, due 2022		$	1,083			$	1,083
Term Loan B, due 2024			588				593
6.875% notes, due 2043			376				376
Term Loan A, due 2022			195				195
Accounts receivable securitizations			214				195
6.50% junior subordinated notes, due 2029			53				52
Revolving credit facility			90				25
Medium-term notes, due 2019, interest of 9.4%			—				5
Other (a)			8				5
Total debt			2,607				2,529
Short-term debt (includes current portion of long-term debt)			(332	)			(254	)
Long-term debt (less current portion)		$	2,275			$	2,275

(a) Includes $18 million and $21 million of debt issuance cost discounts as of June 30, 2019 and September 30, 2018, respectively, in addition to a European short-term loan facility with an outstanding balance of $23 million at both June 30, 2019 and September 30, 2018.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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