Property, Plant and Equipment (Tables)

12 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Components of Property, Plant and Equipment in Consolidated Balance Sheets

The following table describes the various components of property, plant and equipment within the Consolidated Balance Sheets as of September 30:


(In millions)	2025			2024
Land(a)	$	154		$	149
Buildings		503			473
Machinery and equipment		2,565			2,513
Construction in progress		133			181
Total property, plant and equipment (gross)		3,355			3,316
Accumulated depreciation		(2,154	)		(2,013	)
Total property, plant and equipment (net)	$	1,201		$	1,303

(a)

Includes $10 million of finance lease asset as of September 30, 2025 and 2024.

Summary of Property, Plant and Equipment Activity in Statements of Consolidated Comprehensive Income (Loss)

The following table summarizes various property, plant and equipment activity within the Statements of Consolidated Comprehensive Income (Loss) during the years ended September 30:


(In millions)	2025		2024		2023
Depreciation(a)	$	174	$	198	$	150
Capitalized interest		—		6		4

(a)

Includes $41 million and $57 million of accelerated depreciation during 2025 and 2024, respectively, related to plant optimization actions. See Note D for additional details.

ASHLAND INC. 10-K