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Equity Items | 3 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Equity Items | NOTE N – EQUITY ITEMS Stockholder dividends In May 2019, the Board of Directors of Ashland announced a quarterly cash dividend of 27.5 cents per share to eligible stockholders at record, which represented an increase from previous quarterly cash dividend of 25.0 cents per share. This dividend was paid in the third and fourth quarter of fiscal 2019 and the first quarter of fiscal 2020. Accumulated other comprehensive income (loss) Components of other comprehensive income (loss) recorded in the Statements of Consolidated Comprehensive Income (Loss) are presented below, before tax and net of tax effects.
|  | 2019 |  |  | 2018 |
(In millions) |  | Before tax |  |  | Tax (expense) benefit |  |  | Net of tax |  |  | Before tax |  |  | Tax (expense) benefit |  |  | Net of tax |
Three months ended December 31 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized translation gain (loss) |  | $ | 38 |  |  | $ | — |  |  | $ | 38 |  |  | $ | (31 | ) |  | $ | — |  |  | $ | (31 | )
Pension and postretirement obligation adjustment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjustment of unrecognized prior service costs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | ) |  |  | 1 |  |  |  | (6 | )
Total other comprehensive income (loss) |  | $ | 38 |  |  | $ | — |  |  | $ | 38 |  |  | $ | (38 | ) |  | $ | 1 |  |  | $ | (37 | )
Summary of stockholders’ equity A reconciliation of changes in stockholders’ equity are as follows:
|  | Three months ended |
|  | December 31 |
(In millions) |  | 2019 |  |  | 2018 |
Common stock and paid in capital |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 757 |  |  | $ | 947 |
Common shares issued under stock incentive and other plans (a) |  |  | 1 |  |  |  | 1 |
Balance, end of period |  |  | 758 |  |  |  | 948 |
Retained earnings |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | 3,224 |  |  |  | 2,750 |
Adoption of new accounting pronouncements (b) |  |  | — |  |  |  | 33 |
Net income (loss) |  |  | 32 |  |  |  | (48 | )
Regular dividends |  |  | (17 | ) |  |  | (16 | )
Balance, end of period |  |  | 3,239 |  |  |  | 2,719 |
Accumulated other comprehensive income (loss) |  |  |  |  |  |  |  |
Balance, beginning of period |  |  | (410 | ) |  |  | (291 | )
Adoption of new accounting pronouncements (b) |  |  | — |  |  |  | (34 | )
Unrealized translation gain (loss) |  |  | 38 |  |  |  | (31 | )
Pension and postretirement obligation adjustment |  |  | — |  |  |  | (6 | )
Net change in investment securities |  |  | — |  |  |  | — |
Balance, end of period |  |  | (372 | ) |  |  | (362 | )
Total stockholders' equity |  | $ | 3,625 |  |  | $ | 3,305 |
Cash dividends declared per common share |  |  | 0.275 |  |  |  | 0.250 |
| (a) | Common shares issued were 70,461 shares and 140,614 shares for the three months ended December 31, 2019 and 2018, respectively. |
| (b) | 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. |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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