Valvoline inc. (VVV)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16
Assets
Assets, Current [Abstract]
Cash and cash equivalents

774

162

159

126

114

99

96

107

127

115

201

132

135

236

172

Accounts receivable, net

352

395

401

423

368

331

409

461

435

418

385

403

405

353

363

Inventories, net

209

194

194

200

192

200

176

196

194

170

175

181

156

141

139

Prepaid expenses and other current assets

49

43

43

52

59

38

44

26

39

32

29

32

36

29

56

Total current assets

1,384

794

797

801

733

668

725

790

795

735

790

748

732

759

730

Noncurrent assets
Cost

-

-

-

-

-

-

-

-

-

-

-

792

765

739

-

Accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

423

416

408

-

Property, plant and equipment, net

509

479

498

455

441

428

420

399

390

384

391

369

349

331

324

Operating lease assets

254

253

0

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangibles, net

503

507

504

490

478

473

448

398

396

393

335

334

317

270

267

Equity method investments

37

39

34

35

34

32

31

33

34

33

30

29

30

30

26

Deferred income taxes

99

116

123

113

125

134

138

147

171

196

281

394

393

386

389

Other noncurrent assets

131

109

108

106

103

97

92

82

83

86

88

86

86

89

89

Total noncurrent assets

1,533

1,503

1,267

1,199

1,181

1,164

1,129

1,059

1,074

1,092

1,125

1,212

1,175

1,106

1,095

Total assets

2,917

2,297

2,064

2,000

1,914

1,832

1,854

1,849

1,869

1,827

1,915

1,960

1,907

1,865

1,825

Liabilities and Stockholders’ Deficit
Current liabilities
Short-term debt

-

-

-

-

-

-

-

0

0

0

75

75

75

75

0

Current portion of long-term debt

0

22

15

7

30

30

30

26

23

19

15

15

16

15

19

Trade and other payables

186

153

171

163

154

152

178

176

194

141

192

196

170

146

177

Accrued expenses and other liabilities

215

246

237

242

206

198

203

223

198

208

196

235

210

257

204

Total current liabilities

401

421

423

412

390

380

411

425

415

368

478

521

471

493

400

Noncurrent liabilities
Long-term debt

2,003

1,320

1,327

1,334

1,318

1,291

1,292

1,231

1,183

1,147

1,034

643

646

650

724

Employee benefit obligations

361

376

387

322

325

330

333

303

316

331

342

811

833

854

886

Operating lease liabilities, noncurrent

226

224

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

2

2

2

2

Other noncurrent liabilities

163

152

185

184

179

174

176

178

181

175

178

186

173

152

143

Total noncurrent liabilities

2,753

2,072

1,899

1,840

1,822

1,795

1,801

1,712

1,680

1,653

1,554

1,642

1,654

1,658

1,755

Commitments and contingencies

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

Stockholders’ deficit
Preferred stock, no par value, 40 shares authorized; no shares issued and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, par value $0.01 per share, 400 shares authorized; 185 and 188 shares issued and outstanding at March 31, 2020 and September 30, 2019, respectively

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

Paid-in capital

16

16

13

13

10

8

7

6

3

0

5

2

710

710

710

Retained deficit

-249

-231

-284

-291

-336

-379

-399

-323

-274

-238

-167

-207

123

62

0

Ashland's net investment

-

-

-

-

-

-

-

-

-

-

-

0

-1,049

-1,052

-1,039

Accumulated other comprehensive (loss) income

-6

17

11

24

26

26

32

27

43

42

43

0

-4

-8

-3

Total stockholders’ deficit

-237

-196

-258

-252

-298

-343

-358

-288

-226

-194

-117

-203

-218

-286

-330

Total liabilities and stockholders’ deficit

2,917

2,297

2,064

2,000

1,914

1,832

1,854

1,849

1,869

1,827

1,915

1,960

1,907

1,865

1,825