Revenue

9 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

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				Nine months ended
	June 30				June 30
(In millions)	2025		2024		2025		2024
Life Sciences
North America	$	31	$	56	$	84	$	197
Europe		60		65		179		200
Asia Pacific		52		58		151		165
Latin America & other		19		16		54		55
	$	162	$	195	$	468	$	617

	Three months ended				Nine months ended
	June 30				June 30
(In millions)	2025		2024		2025		2024
Personal Care
North America	$	35	$	51	$	116	$	136
Europe		59		65		163		181
Asia Pacific		34		37		94		94
Latin America & other		19		22		53		62
	$	147	$	175	$	426	$	473

	Three months ended				Nine months ended
	June 30				June 30
(In millions)	2025		2024		2025		2024
Specialty Additives
North America	$	47	$	49	$	133	$	137
Europe		48		55		130		158
Asia Pacific		30		38		97		112
Latin America & other		6		8		20		22
	$	131	$	150	$	380	$	429

	Three months ended				Nine months ended
	June 30				June 30
(In millions)	2025		2024		2025		2024
Intermediates
North America	$	21	$	24	$	69	$	76
Europe		9		7		20		17
Asia Pacific		2		4		10		12
Latin America & other		1		1		5		3
	$	33	$	36	$	104	$	108

Ashland has two product categories that represent 10% or greater of Ashland's total consolidated sales, which were cellulosics and polyvinylpyrrolidones (PVP). The following table summarizes the percentage of Ashland's total consolidated sales by product:


Sales by product
	Three months ended						Nine months ended
	June 30						June 30
(In millions)	2025			2024			2025			2024
Cellulosics		40	%		36	%		39	%		37	%
PVP		25	%		21	%		25	%		22	%
		65	%		57	%		64	%		59	%

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 $158 million and $206 million as of June 30, 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).

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

ASHLAND INC. 10-Q