| Cash Flow | 2025-09-30 |
|---|---|
| Net income (loss) | -845 |
| Loss (income) from discontinued operations, net of income taxes | -23 |
| Depreciation and amortization | 237 |
| Original issue discount and debt issuance cost amortization | 7 |
| Deferred income taxes | 73 |
| Gain from sales of property and equipment | 16 |
| Stock based compensation expense - note o | 14 |
| Benefit (loss) from excess tax deduction on stock based compensation | 3 |
| Income from restricted investments | 33 |
| Loss (income) on acquisitions and divestitures, net - notes b | -177 |
| Goodwill impairment | 706 |
| Asset impairments | 0 |
| Pension contributions | 12 |
| Loss (gain) on pension and other postretirement plan remeasurements | -3 |
| Change in operating assets and liabilities | 191 |
| Total cash flows provided by operating activities from continuing operations | 134 |
| Additions to property, plant and equipment | 98 |
| Proceeds from disposal of property, plant and equipment | 16 |
| Proceeds from sale or restructuring of operations | 16 |
| Proceeds from settlement of company-owned life insurance contracts | 12 |
| Company-owned life insurance payments | 5 |
| Funds restricted for specific transactions | 8 |
| Reimbursement from restricted investments | 62 |
| Proceeds from sale of securities | 56 |
| Purchase of securities | 54 |
| Other investing cash flows | 0 |
| Total cash flows used by investing activities from continuing operations | -3 |
| Proceeds from (repayment of) short-term debt | 0 |
| Repurchase of common stock | 100 |
| Cash dividends paid | 76 |
| Stock based compensation employee withholding taxes paid in cash | 3 |
| Total cash flows used by financing activities from continuing operations | -179 |
| Cash used by continuing operations | -48 |
| Operating cash flows | -40 |
| Total cash used by discontinued operations | -40 |
| Effect of currency exchange rate changes on cash and cash equivalents | 3 |
| Decrease in cash and cash equivalents | -85 |
| Cash and cash equivalents at beginning of period | 300 |
| Cash and cash equivalents at end of period | 215 |
ASHLAND INC. (ASH)
ASHLAND INC. (ASH)