XML 15 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

Discontinued Operations | 6 Months Ended
--- | ---
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | NOTE C – DISCONTINUED OPERATIONS Ashland has divested certain businesses that have qualified as discontinued operations. The operating results from these divested businesses and subsequent adjustments related to ongoing assessments of certain retained liabilities and income tax items have been recorded within the income (loss) from discontinued operations, net of income taxes caption in the Statements of Condensed Consolidated Comprehensive Income (Loss) for all periods presented. Due to the ongoing assessment of certain matters associated with previous divestitures, subsequent adjustments to these divestitures may continue in future periods in the income (loss) from discontinued operations, net of income taxes caption in the Statements of Condensed Consolidated Comprehensive Income (Loss). The following divested businesses represent disposal groups that qualified as discontinued operations in previous periods and impacted discontinued operations for the three and six months ended March 31, 2025 and 2024: • The Performance Adhesives business divested in 2022; • The Composites business and Marl facility (Composites/Marl facility) divested in 2019; • The separation of Valvoline Inc. (Valvoline) business divested in 2017; and • The sale of the Ashland Distribution (Distribution) business divested in 2011. Components of amounts reflected in the Statements of Condensed Consolidated Comprehensive Income (Loss) related to discontinued operations are presented in the following table:
|  | Three months ended |  |  | Six months ended |
|  | March 31 |  |  | March 31 |
(In millions) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Income (loss) from discontinued operations, net of income taxes |  |  |  |  |  |  |  |  |  |  |  |
Performance Adhesives |  | $ | (1 | ) |  | $ | — |  |  | $ | (1 | ) |  | $ | (3 | )
Composites/Marl facility |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (1 | )
Valvoline |  |  | 2 |  |  |  | 2 |  |  |  | 2 |  |  |  | 2 |
Distribution |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |
|  | $ | 1 |  |  | $ | (1 | ) |  | $ | 1 |  |  | $ | (2 | )

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration