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Revenue
 6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

NOTE P – REVENUE

Disaggregation of revenue

Ashland disaggregates its revenue by reportable segment and geographical region as Ashland believes these categories best depict how management reviews the financial performance of its operations. Ashland includes only U.S. and Canada in its North America designation and includes Europe, the Middle East and Africa in its Europe designation. See the following tables for details. See Note Q of the Notes to the Condensed Consolidated Financial Statements for additional information.

Sales by geography

 

 

 

 

 

 

 

 

 

Three months ended

 

 

Six months ended

 

 

 

March 31

 

 

March 31

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Life Sciences

 

 

 

 

 

 

 

North America

 

$

30

 

 

$

73

 

 

$

53

 

 

$

140

 

Europe

 

 

69

 

 

 

72

 

 

 

119

 

 

 

136

 

Asia Pacific

 

 

53

 

 

 

57

 

 

 

99

 

 

 

107

 

Latin America & other

 

 

20

 

 

 

20

 

 

 

35

 

 

 

39

 

 

$

172

 

 

$

222

 

 

$

306

 

 

$

422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

Six months ended

 

 

 

March 31

 

 

March 31

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Personal Care

 

 

 

 

 

 

 

North America

 

$

41

 

 

$

45

 

 

$

81

 

 

$

85

 

Europe

 

 

59

 

 

 

69

 

 

 

104

 

 

 

116

 

Asia Pacific

 

 

30

 

 

 

31

 

 

 

60

 

 

 

57

 

Latin America & other

 

 

16

 

 

 

24

 

 

 

34

 

 

 

40

 

 

$

146

 

 

$

169

 

 

$

279

 

 

$

298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

Six months ended

 

 

 

March 31

 

 

March 31

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Specialty Additives

 

 

 

 

 

 

 

North America

 

$

46

 

 

$

46

 

 

$

86

 

 

$

88

 

Europe

 

 

48

 

 

 

63

 

 

 

82

 

 

 

103

 

Asia Pacific

 

 

33

 

 

 

40

 

 

 

67

 

 

 

74

 

Latin America & other

 

 

7

 

 

 

8

 

 

 

14

 

 

 

14

 

 

$

134

 

 

$

157

 

 

$

249

 

 

$

279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

Six months ended

 

 

 

March 31

 

 

March 31

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Intermediates

 

 

 

 

 

 

 

North America

 

$

25

 

 

$

27

 

 

$

48

 

 

$

52

 

Europe

 

 

6

 

 

 

6

 

 

 

11

 

 

 

10

 

Asia Pacific

 

 

4

 

 

 

6

 

 

 

8

 

 

 

9

 

Latin America & other

 

 

2

 

 

 

1

 

 

 

4

 

 

 

2

 

 

$

37

 

 

$

40

 

 

$

71

 

 

$

73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended March 31, 2025, Ashland had two product categories that represented 10% or greater of Ashland's total consolidated sales which were cellulosics representing 39% of total consolidated sales and polyvinylpyrrolidones (PVP) representing 24% of total consolidated sales.

Trade receivables

Trade receivables are defined as receivables arising from contracts with customers and are recorded within the accounts receivable, net caption within the Condensed Consolidated Balance Sheets. Ashland’s trade receivables were $189 million and $206 million as of March 31, 2025 and September 30, 2024, respectively. See Note H of the Notes to the Condensed Consolidated Financial Statements for additional information on Ashland’s programs to sell certain accounts receivables on a revolving basis to third party banks up to an aggregate purchase limit (U.S and Foreign Accounts Receivable Sales Programs).