v3.25.2
Revenue
9 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

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).