XML 21 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Leasing Arrangements | 6 Months Ended
--- | ---
Mar. 31, 2025
Leases [Abstract] |
Leasing Arrangements | NOTE I – LEASING ARRANGEMENTS The components of lease cost recognized within the Statements of Condensed Consolidated Comprehensive Income (Loss) are as follows:
|  |  |  | Three months ended |  |  | Six months ended |
|  |  |  | March 31 |  |  | March 31 |
(In millions) |  | Location |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | Selling, General & Administrative(a) |  | $ | 3 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 7 |
Operating lease cost |  | Cost of Sales |  |  | 3 |  |  |  | 4 |  |  |  | 7 |  |  |  | 7 |
Variable lease cost |  | Selling, General & Administrative |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |
Variable lease cost |  | Cost of Sales |  |  | 2 |  |  |  | 1 |  |  |  | 4 |  |  |  | 2 |
Short-term leases |  | Cost of Sales |  |  | 1 |  |  |  | — |  |  |  | 2 |  |  |  | 1 |
Total lease cost |  |  |  | $ | 10 |  |  | $ | 10 |  |  | $ | 21 |  |  | $ | 20 |
(a) Includes zero and $1 million charge for the impairment of an abandoned right of use office building asset for the three and six months ended March 31, 2024. Right-of-use assets exchanged for new operating lease obligations were $1 million and $2 million for the three ended March 31, 2025 and 2024, respectively, and $2 million and $3 million for the six months ended March 31, 2025 and 2024, respectively. During the second quarter of fiscal 2024, Ashland acquired a favorable lease asset for $10 million, which was recorded in the property, plant and equipment caption of the Condensed Consolidated Balance Sheet as of March 31, 2024. The following table provides cash paid for amounts included in the measurement of lease liabilities:
|  |  |  | Three months ended |  |  | Six months ended |
|  |  |  | March 31 |  |  | March 31 |
(In millions) |  |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating cash flows from operating leases |  | $ | 6 |  |  | $ | 7 |  |  | $ | 13 |  |  | $ | 14 |
Investing cash flows from finance leases |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | 10 |

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

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration