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Debt (Tables)

9 Months Ended

Jun. 30, 2020

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, 2020				September 30, 2019
4.750% notes, due 2022		$	411			$	1,080
2.00% Senior Notes, due 2028 (Euro 500 million principal)			561				—
6.875% notes, due 2043			282				374
Term loan A, due 2025			250				—
Accounts receivable securitizations			194				144
6.50% junior subordinated notes, due 2029			54				54
Revolving credit facility			230				—
Other (a)			11				15
Total debt			1,993				1,667
Short-term debt (includes current portion of long-term debt)			(446	)			(166	)
Long-term debt (less current portion)		$	1,547			$	1,501

(a) Includes $15 million and $12 million of debt issuance cost discounts as of June 30, 2020 and September 30, 2019, respectively. Additionally, as of both June 30, 2020 and September 30, 2019, Other included a European short-term loan facility with an outstanding balance of $22 million. 

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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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