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Inventories | 6 Months Ended
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Mar. 31, 2022
Inventory Disclosure [Abstract] |
Inventories | NOTE F – INVENTORIES Inventories are carried at the lower of cost or net realizable value. Inventories are stated at cost using the weighted-average cost method. The following table summarizes Ashland’s inventories as of the reported Condensed Consolidated Balance Sheet dates.
|  | March 31 |  |  | September 30 |
(In millions) |  | 2022 |  |  | 2021 |
Finished products |  | $ | 330 |  |  | $ | 282 |
Raw materials, supplies and work in process |  |  | 243 |  |  |  | 191 |
|  | $ | 573 |  |  | $ | 473 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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