← ASHLAND INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $1.0b $566.0m $294.0m $232.0m $454.0m $210.0m $646.0m $417.0m $300.0m $215.0m
Restricted Cash and Investments, Current $30.0m — $30.0m $24.0m $30.0m $37.0m $61.0m $77.0m $73.0m $50.0m
Accounts receivable, net - Notes A and H $894.0m $612.0m $681.0m $481.0m $471.0m $369.0m $402.0m $338.0m $243.0m $242.0m
Inventories - Note A $671.0m $634.0m $663.0m $597.0m $529.0m $473.0m $629.0m $626.0m $545.0m $568.0m
Asbestos insurance receivable, net - Notes A and M $196.0m $209.0m $179.0m $157.0m $136.0m $134.0m $138.0m $127.0m $132.0m $127.0m
Inventory, Net $539.0m — $663.0m $597.0m $529.0m $473.0m $629.0m $626.0m $545.0m $568.0m
Assets, Current $2.9b — $1.7b $1.4b $1.5b $1.7b $1.8b $1.5b $1.2b $1.2b
Total current assets $2.9b $1.9b $1.7b $1.4b $1.5b $1.7b $1.8b $1.5b $1.2b $1.2b
Property, Plant and Equipment, Net $1.9b $2.0b $1.9b $1.6b $1.6b $1.4b $1.3b $1.4b $1.3b $1.2b
Goodwill $2.1b $2.5b $2.4b $2.3b $1.8b $1.4b $1.3b $1.4b $1.4b $705.0m
Intangible Assets, Net (Excluding Goodwill) $1.1b — $1.2b $1.1b $1.0b $1.1b $963.0m $886.0m $751.0m $563.0m
Intangibles - Note G $1.1b $1.3b $1.2b $1.1b $1.0b $1.1b $963.0m $886.0m $751.0m $563.0m
Operating Lease, Right-of-Use Asset — — — — $137.0m $124.0m $107.0m $122.0m $114.0m $103.0m
Other Assets, Noncurrent $437.0m — $448.0m $410.0m $394.0m $267.0m $254.0m $251.0m $264.0m $253.0m
Other assets $113.0m $91.0m $74.0m $64.0m $87.0m $68.0m $91.0m $125.0m $107.0m $180.0m
Other assets - Note I $420.0m $422.0m $448.0m $410.0m $394.0m $267.0m $254.0m $251.0m $264.0m $253.0m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $529.0m — $681.0m $481.0m $471.0m $369.0m $402.0m $338.0m $243.0m $242.0m
Accrued Liabilities, Current $313.0m — $338.0m $271.0m $277.0m $251.0m $269.0m $208.0m $256.0m $213.0m
Cost $4.3b $3.8b $3.8b $3.2b $3.3b $3.1b $3.0b $3.2b $3.3b $3.4b
Accumulated depreciation $2.1b $1.8b $1.9b $1.6b $1.7b $1.6b $1.7b $1.8b $2.0b $2.2b
Operating lease assets, net - Note J — — — — $137.0m $124.0m $107.0m $122.0m $114.0m $103.0m
Restricted investments - Note E $292.0m $302.0m $312.0m $310.0m $301.0m $384.0m $313.0m $290.0m $295.0m $297.0m
Deferred income taxes - Note K — — — $23.0m $26.0m $30.0m $20.0m $148.0m $29.0m $31.0m
Trade and other payables $541.0m $409.0m $483.0m $313.0m $233.0m $236.0m $265.0m $210.0m $214.0m $189.0m
Current operating lease obligations - Note J — — — — $23.0m $23.0m $19.0m $22.0m $20.0m $21.0m
Asbestos litigation reserves - Note M $686.0m $694.0m $612.0m $555.0m $513.0m $490.0m $472.0m $427.0m $414.0m $389.0m
Employee benefit obligations - Note L $1.1b $191.0m $179.0m $150.0m $157.0m $144.0m $103.0m $100.0m $110.0m $96.0m
Operating lease obligations - Note J — — — — $124.0m $110.0m $94.0m $106.0m $99.0m $85.0m
Noncurrent liabilities held for sale - Note C $1.7b $0 $26.0m — $10.0m $0 — — — —
Other liabilities - Note I $426.0m $400.0m $426.0m $453.0m $432.0m $349.0m $325.0m $291.0m $286.0m $299.0m
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax $6.0m — $34.0m $0 — — — — — —
Total noncurrent assets $6.8b $6.7b $6.5b $5.8b $5.3b $4.9b $4.4b $4.4b $4.5b $3.4b
Total noncurrent liabilities $5.3b $4.2b $3.8b $2.9b $3.0b $2.9b $2.4b $2.4b $2.3b $2.3b
Total equity $3.2b $3.4b $3.4b $3.6b $3.0b $2.8b $3.2b $3.1b $2.9b $1.9b
Assets $10.0b $8.6b $8.3b $7.3b $6.9b $6.6b $6.2b $5.9b $5.6b $4.6b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — — — $23.0m $23.0m $19.0m $22.0m $20.0m $21.0m
Accounts Payable, Current $376.0m — $483.0m $313.0m $233.0m $236.0m $265.0m $210.0m $214.0m $189.0m
Operating Lease, Liability, Noncurrent — — — — $124.0m $110.0m $94.0m $106.0m $99.0m $85.0m
Long-term Debt, Current Maturities $19.0m — — — — $9.0m $0 $0 $0 —
Long-term Debt, Excluding Current Maturities $2.3b — $2.3b $1.5b $1.6b $1.6b $1.3b $1.3b $1.3b $1.4b
Short-term debt - Note H $170.0m $235.0m $254.0m $166.0m $280.0m $365.0m $0 $16.0m $0 —
Accrued expenses and other liabilities $486.0m $324.0m $338.0m $271.0m $277.0m $251.0m $269.0m $208.0m $256.0m $213.0m
Liabilities, Current $1.2b — $1.1b $757.0m $813.0m $934.0m $553.0m $456.0m $490.0m $423.0m
Total current liabilities $1.2b $968.0m $1.1b $757.0m $813.0m $934.0m $553.0m $456.0m $490.0m $423.0m
Deferred Income Tax Liabilities, Net — — — — $229.0m $237.0m $176.0m $148.0m $29.0m $31.0m
Other Liabilities, Noncurrent $361.0m — $426.0m $453.0m $432.0m $349.0m $325.0m $291.0m $286.0m $299.0m
Long-term debt - Note H $3.1b $2.6b $2.3b $1.5b $1.6b $1.6b $1.3b $1.3b $1.3b $1.4b
Deferred Tax Liabilities, Net $280.0m — $251.0m $241.0m $203.0m $207.0m $156.0m $126.0m — —
Commitments and Contingencies — $0 $0 — — — — — — —
Stockholders’ equity:
Common Stock, Value, Issued $1.0m — $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m
Retained Earnings (Accumulated Deficit) $2.7b $2.7b $2.8b $3.2b $2.6b $2.8b $3.7b $3.6b $3.3b $2.3b
Accumulated Other Comprehensive Income (Loss), Net of Tax ($281.0m) ($222.0m) ($291.0m) ($410.0m) ($383.0m) ($372.0m) ($569.0m) ($503.0m) ($448.0m) ($401.0m)
Additional Paid in Capital, Common Stock $923.0m — $946.0m $756.0m $769.0m $327.0m $135.0m $4.0m — $6.0m
Paid-in capital $923.0m $931.0m $946.0m $756.0m $769.0m $327.0m $135.0m $4.0m — $6.0m
Accumulated other comprehensive loss ($281.0m) ($222.0m) ($291.0m) ($410.0m) ($383.0m) ($372.0m) ($569.0m) ($503.0m) ($448.0m) ($401.0m)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax $46.0m — $3.0m $2.0m $2.0m $2.0m $1.0m $1.0m $1.0m $1.0m
Stockholders' Equity Attributable to Parent $3.3b — $3.4b $3.6b $3.0b $2.8b $3.2b $3.1b $2.9b $1.9b
Stockholders' Equity Attributable to Noncontrolling Interest ($182.0m) — — — — — — — — —
Liabilities and Equity $10.0b $8.6b $8.3b $7.3b $6.9b $6.6b $6.2b $5.9b $5.6b $4.6b

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.