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Debt and Other Financing Activities (Tables)
6 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Long-term Debt

The following table summarizes Ashland’s long-term debt as of:

 

(In millions)

 

March 31, 2025

 

 

September 30, 2024

 

3.375% Senior Notes, due 2031

 

$

450

 

 

$

450

 

2.00% Senior Notes, due 2028 (Euro 500 million principal)

 

 

541

 

 

 

558

 

6.875% Notes, due 2043

 

 

282

 

 

 

282

 

6.50% Junior Subordinated Notes, due 2029

 

 

70

 

 

 

67

 

Other(a)

 

 

43

 

 

 

(8

)

Total debt

 

 

1,386

 

 

 

1,349

 

Short-term debt

 

 

50

 

 

 

 

Long-term debt (less debt issuance costs)

 

$

1,336

 

 

$

1,349

 

 

 

 

 

 

 

 

(a)
Other includes $11 million and $12 million of debt issuance costs as of March 31, 2025 and September 30, 2024, respectively. The current portion of the long-term debt was zero for both March 31, 2025 and September 30, 2024.