ࡱ>       l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~#؈ ~~9#܈ ~~4#܈ ~~7#܈ ~~3#܈ ~~83ffff̙̙3f3fff3f3f33333f33"ASHLAND GLOBAL HOLDINGS INCh-TABLE OF CONTENTSR2SPECIALTY INGREDIENTSg &{}17Purchase of Company Common St Ashland profilemReportable segments!EBITDA and Adjusted EBITDA&M7Diluted EPS and Adjusted Dilu&Statements of Consolidated Comp&sStatements of Consolidated (1)&(6Statements of Consolidated (2)&OStatements of Consolidated (3)&iStatements of Consolidated (4)&‚Statements of Consolidated (5)&:Statements of Consolidated (6)&GStatements of Consolidated (7)&Statements of Consolidated (8)&,Statements of Consolidated (9)&Statements of Consolidated (10)&%Statements of Consolidated (11)&=Other comprehensive income loss&YRESULTS OF OPERATIONS REPORTABL&1RESULTS OF OPERATIONS REPOR (1)&RESULTS OF OPERATIONS REPOR (2)& RESULTS OF OPERATIONS REPOR (3)&xEBITDA and Adjusted EBITDA recoEBITDA reconciliation&M18EBITDA and Adjusted EBITDA rUnallocated and otherR7 LiquidityROperating activities&/wOperating Activities Operating Investing activitiesuFinancing activities&NCash provided by discontinued o&Free cash flow and other liquid&Free cash flow and other li (1) Debt.Capital expendituresFCapital expenditures (1)&^Contractual obligations and othՀOUTLOOK&(INDEX TO CONSOLIDATED FINANCIAL&F3REPORT OF INDEPENDENT REGISTE&F3REPORT OF INDEPENDENT REG (1)&F3REPORT OF INDEPENDENT REG (2)& PF3REPORT OF INDEPENDENT REG (3)&vAllowance for doubtful accounts' InventoriesInventories (1)6 Income taxes&F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINE 5Purchase price allocation&NF18NOTE C ACQUISITIONS continue"zeImpact on operating results&zImpact on operating results (1)&JF20NOTE E DISCONTINUED OPERATIO&F21NOTE E DISCONTINUED OPERATIO&F21NOTE E DISCONTINUED OPER (1)&F22NOTE F FAIR VALUE MEASUREMEN&F23NOTE F FAIR VALUE MEASUREMEN4Restricted investments&aNF24NOTE F FAIR VALUE MEASUREMEN&lF24NOTE F FAIR VALUE MEASUR (1)Currency hedges&OF25NOTE F FAIR VALUE MEASUREMEN&aNOTE G PROPERTY PLANT AND EQUIP&NOTE G PROPERTY PLANT AND E (1)Goodwill{Other intangible assetsF28NOTE I DEBT continued&=Net interest and other financin&VNet interest and other fina (1)&@nF33NOTE J OTHER NONCURRENT ASSE&KF33NOTE J OTHER NONCURRENT (1)kNOTE K LEASE COMMITMENTS&HF34NOTE L INCOME TAXES continue&F34NOTE L INCOME TAXES cont (1)&F35NOTE L INCOME TAXES continue&e F36NOTE L INCOME TAXES continue&. F38NOTE M EMPLOYEE BENEFIT PLAN&V F38NOTE M EMPLOYEE BENEFIT (1)&q F38NOTE M EMPLOYEE BENEFIT (2)$ Obligations and funded status& F40NOTE M EMPLOYEE BENEFIT PLAN/ Plan assetsb Plan assets (1)& F41NOTE M EMPLOYEE BENEFIT PLANO$ Cash flows&< Ashland asbestosrelated litigat&T Ashland asbestosrelated liabili&l F43NOTE N LITIGATION CLAIMS AND&݅ Hercules asbestosrelated litiga&I Hercules asbestosrelated liabil&j Hercules asbestosrelated receiv&; Environmental remediation and a&U F46NOTE N LITIGATION CLAIMS AND&a F48NOTE O EQUITY ITEMS continue&( F48NOTE O EQUITY ITEMS cont (1)&d@ F49NOTE P STOCK INCENTIVE PLANS&$Z F50NOTE P STOCK INCENTIVE PLANS&ot F50NOTE P STOCK INCENTIVE P (1)& F51NOTE P STOCK INCENTIVE PLANS& F52NOTE P STOCK INCENTIVE PLANS& F52NOTE P STOCK INCENTIVE P (1)&P F52NOTE P STOCK INCENTIVE P (2)& F54NOTE Q REPORTABLE SEGMENT IN!+ Reportable segment results&F F55NOTE Q REPORTABLE SEGMENT IN&uq F56NOTE Q REPORTABLE SEGMENT IN& F57QUARTERLY FINANCIAL INFORMAT&t F57QUARTERLY FINANCIAL INFO (1)"  NEXT PAGE IS SIGNATURE PAGEw( 2Exhibit B@ NO TITLEq LIST OF SUBSIDIARIES LIST OF SUBSIDIARIES (1) LIST OF SUBSIDIARIES (2) LIST OF SUBSIDIARIES (3) l  ,  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } !      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017$ASHLAND GLOBAL HOLDINGS INC.  ! Large Accelerated Filer ? Accelerated Filer o Non-Accelerated Filer o# Smaller Reporting Company o! Emerging Growth Company o  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Tsg[O7xl`8=PF0*8X> @ l  ?"GQ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INC2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } y } 8}  ?     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017TABLE OF CONTENTS        Page PART I     Item 1. Business~    General~ Corporate Developments~  Specialty Ingredients~  Composites~ !Intermediate and Solvents~  Miscellaneous~ Item 1A. Risk Factors~ "Item 1B.!Unresolved Staff Comments~ :Item 2. Properties~ :Item 3.Legal Proceedings~ :Item 4.Mine Safety Disclosures~ BItem X.%Executive Officers of Ashland~ BPART IIItem 5..&Market for Registrant?s Common Equity,1)Related Stockholder Matters and Purchases ofEquity Securities~ FItem 6.Selected Financial Data~ JD% l~rfZ*F{0X{%a !"#$%&'()*+,-./0123456789:;<=>  Item 7., $Management?s Discussion and Analysis !!! of Financial""*""Condition and Results of Operation~ "J##Item 7A.0#(Quantitative and Qualitative Disclosures~ #J$$$about Market Risk%%Item 8..%&Financial Statements and Supplementary~ %J&& &Data''Item 9.5'-Changes in and Disagreements with Accountants'((.(&on Accounting and Financial Disclosure~ (J))Item 9A.)Controls and Procedures~ )N**Item 9B.*Other Information~ *N++++,PART III,,,--Item 10.3-+Directors, Executive Officers and Corporate~ -N... Governance//Item 11./Executive Compensation~ /N00Item 12.00(Security Ownership of Certain Beneficial0111Owners22.2&and Management and Related Stockholder~ 2N333Matters44Item 13.74/Certain Relationships and Related Transactions,~ 4R55!5and Director Independence66Item 14..6&Principal Accounting Fees and Services~ 6R77778PART IV88899Item 15.29*Exhibits and Financial Statement Schedules~ 9R:;$<____________________________1=)Created by Morningstar Document Research.0>(http://documentresearch.morningstar.com/B Xu!+G{C`~SMvjB=PF0*8X> @>>==<< l  !g  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } }  '} -      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20172SPECIALTY INGREDIENTS    Product(  % of Specialty Ingredients sales- %% of Ashland total consolidated sales  Cellulosics 36% 24% PVP 18% 12%  Adhesives 15% 10%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hymaU1_, =PF0*8X> @ l  |  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS!17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $}       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017        ~ r~ v~ z~ ~~ ~  Ashland~ ~ ~ V~ J~ ~  S&P MidCap 400 ?~ ~ ~ >~ F~ ~  Peer Group - Materials~ ~ ~ 2~ ~ B~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hwkPj^R*=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS Ashland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } D} $ }  } $ } }  $ } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017*"17Purchase of Company Common Stock                             Q4 Fiscal Periods (  Total Number of Shares Purchased / 'Average Price Paid per Share, including 0 (Total Number of Shares Purchased as Part 8 0Dollar Value of Shares That May Yet Be Purchased        commission / 'of Publicly Announced Plans or Programs 1 )Under the Plans or Programs (in millions)               (a)%July 1, 2017 to July 31, 2017 - $-   -   ~ *"August 1, 2017 to August 31, 2017:    !Employee tax withholdings~ Z (b)(\N@   -   ~ 0(September 1, 2017 to September 30, 2017:    !Employee tax withholdings~ ri (b)R!P@   -   ~     A9Total....................................................~ 4   -   ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8 ymaUI}HqDi=PF0*8X> @       l  ޳  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } }  } $} $ }  } $} $ }  } $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Ashland profile          ~   ~   ~ ~  Sales by Geography North America (a)~  % ~  % ~  % Europe~  % ~  % ~  % Asia Pacific~ J %~ J %~ J %Latin America & other~ & %~ & %~ & %~  %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2th\~`_TW=PF0*8X> @ l  c  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } !}  } $} $ }  } $} $ }  } $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Reportable segments          ~   ~   ~ ~ # Sales by Reportable Segment Specialty Ingredients~  % ~  % ~   %  Composites~ b % ~ Z % ~ b %"Intermediates and Solvents~ " %~ & %~ * %~  %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.|pdXzSJF:.=PF0*8X> @ l  )u  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segments!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2}  $ )                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017"EBITDA and Adjusted EBITDA             ~   ~   ~ ~   (In millions) Net income (loss)~ r  ~   ~  $ Income tax expense (benefit)~   ~   ~  0(Net interest and other financing expense~ ~ ~   )!Depreciation and amortization (a)~ j~ ~   EBITDA~ ~ ~    0(Income from discontinued operations (net~ ~ ~    of taxes)2*Separation, restructuring and other costs,~ ^~ J~  V  net Accelerated depreciation~ N~ ~   !Unplanned plant shutdowns~ 6 -  - )!Environmental reserve adjustments~ &~ >~  2 'Inventory fair value adjustment~  -  - 2*Losses on pension and other postretirement~ ~ :~  B plan remeasurements1)Net loss on acquisitions and divestitures~ ~ 2~  r  (c) Legal reserve~ ~ >  -  Impairments -~ ~  . *"Benefit/stock incentive adjustment -~ ~   D lui]QO6%5&U6 ! " # $ % & ' ( ! Customer claim adjustment -  ~   ~ 6 &!Tax indemnification adjustment !-!! !-!!~ ! ! "Adjusted EBITDA (b)~ """~ "Z ""~ "  " ###### $%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/Bvc=PF0*8X> @?(( '' && """""" !!!!!!                       l  -  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 8}  $                      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017/'M-7Diluted EPS and Adjusted Diluted EPS             ~   ~   ~ ~ . &Diluted EPS from continuing operations  ףp=     ףp=     ףp= ǿ   (as reported)  Key items Q@    ףp= @   Q @ 7/Adjusted diluted EPS from continuing operationsQ@@ Gz @  (non-GAAP)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|th\PDBQ;/=PF0*8X> @z          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } m} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change  Sales~ 2  ~ ./  ~ r5  ~   ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(TVJ>2&6 =PF0*8X> @z           l  )5  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } y#} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review           2017 change    2016 change   (In millions) Volume~ .  ~   Pricing~   ~   Product mix~ f~ Currency exchange~ ~ *%Acquisitions and divestitures~ ~ Change in sales~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2CVJ>2&hOS2&=PF0*8X> @       l  N  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } m)} $ } $} $ } $}  $ } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change   Cost of sales~ %  ~ !  ~ '  ~ n  ~  * "Gross profit as a percent of sales 333333;@ %  33333<@ % ~ j %      $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hVJ>2&6=PF0*8X> @             l  xh  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review           2017 change    2016 change   (In millions)% Acquisitions and divestitures~ F  ~   Volume and product mix~   ~  Production costs~ ~ &!Unplanned plant shutdowns~ 6 - Accelerated depreciation~ *~ 'Inventory fair value adjustment~  -Customer claim~ ~ !Severance and other costs~ ~ 0(Pension and other postretirement benefit~ ~ b plans expenseCurrency exchange~ ~ bChange in cost of sales~ n~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/> 0VJ>2&hO(`7M=PF0*8X> @       l  Á  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $ } $} $ } $}  $ } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change 3 +Selling, general and administrative expense~ z   ~ J  ~    ~ 2  ~ z  As a percent of sales 4@ %  L>@ %  3333334@ %      $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hVJ>2&6=PF0*8X> @             l  U  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } '} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change (  Research and development expense~ N  ~ ^  ~   ~   ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/( TVJ>2&6=PF0*8X> @z           l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change  Equity and other income           Equity income $-  ~   ~   ~   ~   Other income~ ~ ~  2    -~ ~ ~ "~  >  ~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/._VJ>2&6@u=PF0*8X> @               l  6  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change 0 (Net interest and other financing expense          (income)Interest expense~ ~ ~    ~  ~ :Interest income~ ~ ~    ~  ~ ,$Available-for-sale securities income~ ~ ~    ~  ~ Other financing costs~ F~ ~  F  ~  .~ ~ ~ ~    ~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4| VJ>2&6/M =PF0*8X> @#                 l  I  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } :} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change 8 0Net gain (loss) on acquisitions and divestitures          Pharmachem acquisition~    $-   $-  ~    $- )!Composites manufacturing facility~  -  -  ~   -+#Specialty Ingredients joint venture~ ~   -  ~  "~  Elastomers - -~      -~ ZKelowna -~    -  ~  ~   Other~ ~  ~    ~  ~ ~ ~ ~    ~   ~ F$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 VJ>2&6'SwLvN=PF0*8X> @j-                       l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0} $ } $} $ } $}  $ } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change $ Income tax expense (benefit)~   ~   ~   ~   ~   Effective tax rate~  % ~ " % ~ r %      0(Effective tax rate (excluding key items)~  %~  %~    %  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|VJ>2&6&YMA=PF0*8X> @             l  =$  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change 2 *Income (loss) from discontinued operations          (net of taxes)          Valvoline~ ~~ z~  .  ~  ~ N#Asbestos-related litigation~ ~ ~    ~  ~ Water Technologies~   -~    ~   ~  Other~ ~ ~    ~  ~ ~ ~ ~    ~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4 VJ>2&6-8uw=PF0*8X> @#                 l  <  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017MEStatements of Consolidated Comprehensive Income (Loss) caption review                           ~   ~    (In millions)~   ~   ~ ~   change   change " Net income attributable to          noncontrolling interest~ n  ~    $-  ~ j  ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hVJ>2&6=h\P(=PF0*8X> @z           l  X  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017)!Other comprehensive income (loss)                           ~   ~    (In millions)~   ~   ~ ~   change   change ) !Other comprehensive income (loss)          (net of taxes)         *"Unrealized translation gain (loss)~ F~ ~  >  ~  ~~ -%Pension and postretirement obligation~ ~ :~    ~  ~  adjustment3+Net change in available-for-sale securities~ >~ F~    ~  ~ r~ r~ F~    ~  .~ ~$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/45 znbVJZZTH<=PF0*8X> @               l  0$yp  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } m)} $ } $} $ } $}  $ } $ 0                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20177/RESULTS OF OPERATIONS REPORTABLE SEGMENT REVIEW             ~   ~   ~ ~   (In millions) Sales      Specialty Ingredients~ "  ~    ~ ^# Composites (a)~ . ~ v ~    "Intermediates and Solvents~ &~ ~   ~ 2~ ./~  r5 Operating income (loss)  Specialty Ingredients~ ~ ~    Composites~ ~ ~   "Intermediates and Solvents~ ~ .~  j Unallocated and other~ ~ *~   ~ :~ ~   %Depreciation and amortization  Specialty Ingredients~ ~ ~    Composites~ Z~ Z~  n "Intermediates and Solvents~ ~~ ~~   Unallocated and other~ ~ ~   ~ ~ ~   Operating information  !Specialty Ingredients (b)  Sales per shipping day!@ffffff @ !@ Dgll`TH<:!MALI6;8%2 ! " # $ % & ' ( ) * + , - . / $ Metric tons sold (thousands) 33333s@   fffff6s@   Dt@ *!"Gross profit as a percent of sales!Y@@ !%!!33333@@ !%!! 333333@@ ! %"Composites (b)""""""" " #Sales per shipping day#@###@### ffffff @# $$Metric tons sold (thousands)$fffffu@$$$Qs@$$~ $ V$ *%"Gross profit as a percent of sales%3@ %%%%6@ %%%% 3333333@ % %&&Intermediates and Solvents (b)&&&&&&& & 'Sales per shipping day'?''~ '''' ?' $(Metric tons sold (thousands)~ (&(((fffffa@((( 33333`@( *)"Gross profit as a percent of sales)@ )%)~ ). )%)) 1@ ) %****** +,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$,fI|b-=PF0*8X> @ZK// .. -- )))))) (((((( '''''' %%%%%% $$$$$$ ###### !!!!!!                     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $} $} $ } $} $} $ } $} $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20177/RESULTS OF OPERATIONS REPORTABLE SEGMENT REVIEW          ~   Specialty Ingredients   Composites " Intermediates and Solvents Sales by Geography  North America~  % ~  % ~ Z %Europe~ ~ %~ z %~  % Asia Pacific~ N %~ > %~ J %Latin America & other~ * %~ " %~  %~  %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2l`TH<5Z=PF0*8X> @:     l  \  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $} $} $ } $} $} $ } $} $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20177/RESULTS OF OPERATIONS REPORTABLE SEGMENT REVIEW          ~   Specialty Ingredients   Composites " Intermediates and Solvents Sales by Geography  North America~  % ~  % ~ Z %Europe~ ~ %~ z %~  % Asia Pacific~ R %~ : %~ B %Latin America & other~ * %~  %~  %~  %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2l`TH<5Z=PF0*8X> @:     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $} $} $ } $} $} $ } $} $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20177/RESULTS OF OPERATIONS REPORTABLE SEGMENT REVIEW          ~ ~  Specialty Ingredients   Composites " Intermediates and Solvents Sales by Geography  North America~  % ~  % ~ ^ %Europe~  %~ r %~  % Asia Pacific~ N %~ > %~ : %Latin America & other~ * %~  %~  %~  %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2l`TH<5Z=PF0*8X> @:     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)EBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } <(}  $                               #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20171)EBITDA and Adjusted EBITDA reconciliation               September 30  (In millions)~   ~   ~ ~  Operating income~   ~   ~  ) !Depreciation and amortization (a)~   ~   ~  EBITDA~ :~ r~  v !Severance and other costs~ ~ ~  F  Accelerated depreciation~ :~ ~   'Inventory fair value adjustment~  -  -  Unplanned plant shutdown~  -  - ( Environmental reserve adjustment -~  ~   Customer claim -~ ~  6 "Impairment of IPR&D assets - -~  . Adjusted EBITDA~ ~ r~  >  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/> 0rfZNBmVF;=PF0*8X> @B(                   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA reco!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } y#}  $                      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017EBITDA reconciliation               September 30  (In millions)~   ~   ~ ~  Operating income~   ~   ~  % Depreciation and amortization~ Z  ~ Z  ~ n EBITDA~ f~ V~  b $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|znbV#Z=PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliationUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } y#}  $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-M-18EBITDA and Adjusted EBITDA reconciliation               September 30  (In millions)~   ~   ~ ~  Operating income (loss)~   ~ .  ~ j % Depreciation and amortization~ ~  ~ ~  ~  EBITDA~ N~ ~    Unplanned plant shutdown~  -  -  Impairment -~   - Adjusted EBITDA~ j~ ~~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2}nbVJ> {y=PF0*8X> @              l  5  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA r LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 7}  $                                #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Unallocated and other               September 30  (In millions)~   ~   ~ ~ 2 *Losses on pension and other postretirement~   ~   ~   plan remeasurements5-Pension and other postretirement net periodic~  ~ ~    income (a)6.Restructuring activities (includes separation, "severance, integration and#stranded divestiture costs)~ r~ ~  ^  Legal reserve~ ~   - 6.Environmental reserves for divested businesses~ ~ r~   Tax indemnity income - -~  B Other income (expense)~ ~ ~   !Total unallocated expense~ ~ *~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@t DznbV#h= l`uM=PF0*8X> @               l  P  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and otherOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0}  $                              #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Liquidity             ~   ~   ~ ~   (In millions) Cash provided (used) by:     , $Operating activities from continuing~   ~   ~   operations,$Investing activities from continuing~ ~ >~    operations,$Financing activities from continuing~ j~ .~    operationsDiscontinued operations~ ~ ~  2  0(Effect of currency exchange rate changes~ ~ ~  F $on cash and cash equivalents0(Net increase (decrease) in cash and cash~ J~ ~    equivalents$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<znb`GQ;Z=PF0*8X> @            l  /aou  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other Liquidity!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 8}  $ /                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Operating activities             ~   ~   ~ ~   (In millions)/ 'Cash flows provided (used) by operating     - %activities from continuing operationsNet income (loss)~ r~ ~   0(Income from discontinued operations (net~ ~ ~   of tax)7/Adjustments to reconcile income from continuing   operations/'to cash flows from operating activities  %Depreciation and amortization~ ~ ~   1)Original issue discount and debt issuance~ ~ J~  J cost amortizationDeferred income taxes~ ~ ~  > %Equity income from affiliates -~ ~   ,$Distributions from equity affiliates~ ~  ~   /'Stock based compensation expense - Note~ R~ z~  z  P( Loss on early retirement of debt~ & -~  & .&Realized gain and investment income on~ ~ ~   %available-for-sale securities1)Net loss on acquisitions and 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"Pension contributions~ """~ "~""~ " z" 0#(Loss on pension and other postretirement~ ###~ #:##~ # B# $plan remeasurements2%*Change in operating assets and liabilities~ %Z%%~ %%%~ %  %  &(a)5'-Total cash flows provided (used) by operating~ '''~ '''~ ' ' -(%activities from continuing operations)))))) *+$,____________________________1-)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/"oiH)~fZN&=PF0*8X> @6.. -- ,, '''''' %%%%%% ###### """""" !!!!!!              l  ŏ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activitiesInvesting activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2}  $                           #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017?7Operating Activities - Operating Assets and Liabilities             ~   ~   ~ ~   (In millions). &Cash flows from assets and liabilities         (a)Accounts receivable~ ~ 6~  N  Inventories~ ~ ~    Trade and other payables~ ~ v~  r $Other assets and liabilities~ ~ F~   2*Change in operating assets and liabilities~ Z~ ~     $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6#dXL@42xv^znb:=PF0*8X> @          l  $  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Financing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 7}  $ $                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Investing activities             ~   ~   ~ ~   (In millions)/ 'Cash flows provided (used) by investing     - %activities from continuing operations2*Additions to property, plant and equipment~ ~ f~   1)Proceeds from disposal of property, plant~ ~  ~    and equipment5-Purchase of operations - net of cash acquired~ b -~   2*Proceeds from sale of operations or equity~ J~ N~  .  investments6.Net purchases of funds restricted for specific~ ~ ~    transactions1)Reimbursement from restricted investments~ n~ ~   0(Proceeds from sale of available-for-sale~ N~ *~    securities1)Purchase of available-for-sale securities~ ~ ~   2*Proceeds from the settlement of derivative~ ~ &~  J  instruments1)Payments for the settlement of derivative~ ~ ~    instruments5-Total cash flows used by investing activities~ ~ >~   "from continuing operationsDM l{ocWU<eL[C] ! " #  $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/ <=PF0*8X> @:'## "" !!              l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 6}  $                                #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Financing activities             ~   ~   ~ ~   (In millions)/ 'Cash flows provided (used) by financing     - %activities from continuing operations0(Proceeds from issuance of long-term debt~ 2 $-~  2 #Repayment of long-term debt~ ~ ~  F +#Premium on long-term debt repayment~  -~   ,$Proceeds (repayment) from short-term~ .~ ~    debt"Repurchase of common stock -~ 2~   Debt issuance costs~  -~   Cash dividends paid~ ~ ~~  z 2*Excess tax benefits related to share-based~ ~ ~  & payments5-Total cash flows provided (used) by financing~ j~ .~   -%activities from continuing operations$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@ D{ocWU<uK;, X'=PF0*8X> @ !              l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 8}  $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20170(Cash provided by discontinued operations             ~   ~   ~ ~   (In millions)7 /Cash provided (used) by discontinued operations      Operating cash flows~   ~   ~ 6  Investing cash flows~ z~ ~   Financing cash flows~ ~   - 2*Total cash provided (used) by discontinued~ ~ ~  2   operations$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0sg[OCA(+ nb:=PF0*8X> @          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2}  $                          #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.Free cash flow and other liquidity information               September 30  (In millions)~   ~   ~ ~ / 'Cash flows provided (used) by operating~   ~   ~  - %activities from continuing operations Less:  2*Additions to property, plant and equipment~ ~ f~   -%Discretionary contribution to pension - -~    plansFree cash flows~ ~ 6~  b $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4}maUI= q@3 =PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquidDebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4}  $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.Free cash flow and other liquidity information               September 30  (In millions)~   ~   ~ ~ ! Cash and cash equivalents~   ~   ~        !Unused borrowing capacity  &2017 Revolving Credit Facility~   $-  $- &2015 Revolving Credit Facility -~  ~   3+Accounts receivable securitization facility~ ~ B~  * $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2maUI= 7"=PF0*8X> @           l  -  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)Capital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 1} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Debt           September 30  (In millions)~   ~  1 )Short-term debt (includes current portion~   ~   of long-term debt)0(Long-term debt (less current portion and~ b(~ V$)!debt issuance cost discounts) (a) Total debt~ ,~ &$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2sgV=PF0*8X> @b       l  E  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } }  $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Capital expenditures              (In millions)~   ~   ~ ~  Specialty Ingredients~ R  ~   ~    Composites~ j  ~ ^  ~ ^ " Intermediates and Solvents~ *  ~ 6  ~ * Unallocated and other~ >~ B~  B "Total capital expenditures~ ~ ~  r $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocWHE2f=PF0*8X> @             l  ]  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expenditures!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } }  $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Capital expenditures             ~   ~   ~ ~   (In millions) Capital employed (a)      Specialty Ingredients~ zY  ~ ~M  ~ N  Composites~ 6~ ~   "Intermediates and Solvents~ ~ .~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0X{ocWU @z         l  ~  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1) OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-Contractual obligations and other commitments                         Less than   1-3   3-5    More than   (In millions) Total   1 year   years   years   5 years  Contractual obligations           2 *Raw material and service contract purchase~   ~   ~   ~ >  ~ N obligations (a)( Employee benefit obligations (b)~ J~ 2~  >  ~  >~ 'Operating lease obligations (c)~ j~ ~~    ~  ~  Debt~ F-~ ~  b  ~  ~ ^Interest payments (d)~ ~ ~    ~  ~  %Unrecognized tax benefits (e)~   -  -    -~  %Total contractual obligations~ fM~ ~  F   ~  ~    Other commitments    Letters of credit (f)~ ~   $-    $- $-   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DnbVJ>N ")L|pd<=PF0*8X> @4                          l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } !}       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017OUTLOOK    FY2018 Outlook Adjusted EBITDA  Specialty Ingredients $560 - $590 million  Composites $85 - $95 million Intermediates & Solvents$40 - $50 millionUnallocated and other($35 - $45 million)Key Operating MetricsFree cash flow >$220 million Adjusted EPS $3.20 - $3.40Corporate Items#Depreciation & amortization ~$290 millionInterest expense$125 - $135 millionEffective tax rate8 - 13%Capital expenditures$195 - $205 millionDiluted share count ~64 million$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D'l|pdL&K bJ#w8=PF0*8X> @ l  w  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2}       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20172*INDEX TO CONSOLIDATED FINANCIAL STATEMENTS    Page/ 'Management?s report on internal control F-2 over financial reporting0 (Reports of independent registered public F-3accounting firm*"Consolidated Financial Statements:0(Statements of Consolidated Comprehensive F-5 Income (Loss)#Consolidated Balance Sheets F-6)!Statements of Consolidated Equity F-7-%Statements of Consolidated Cash Flows F-82*Notes to Consolidated Financial Statements F-9'Quarterly financial information F-580(Five-year selected financial information F-59$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DqeYMA) dI1e)i% =PF0*8X> @ l  J0  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } :}  $ J                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017B:F-3REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM            5 -Ashland Global Holdings Inc. and Consolidated       Subsidiaries0 (Statements of Consolidated Comprehensive       Income (Loss) Years Ended September 30 +#(In millions except per share data)~ ~ ~  ~  Sales~ 2~ ./~  r5  Cost of sales~ %~ !~  '  Gross profit~  ~  ~     3+Selling, general and administrative expense~ z ~ J~     (a)( Research and development expense~ N~ ^~   Equity and other income~ ~ "~  > Operating income (loss)~ :~ ~    0(Net interest and other financing expense~ ~ ~   - Note I1)Net loss on acquisitions and divestitures~ ~ ~   - Notes C and D.&Loss from continuing operations before~ z~ 2~    income taxesDR laUI=1,+"=.B ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? - %Income tax expense (benefit) - Note L~   ~   ~  '!Loss from continuing operations~ !^!!~ !!!~ ! ! 0"(Income from discontinued operations (net~ """~ """~ " " #of tax) - Note E$Net income (loss)~ $r$$~ $$$~ $ $ 1%)Net income attributable to noncontrolling~ %n%%~ %%% % -% & interest (b)1')Net income (loss) attributable to Ashland~ '''~ '''~ ' ' (((((( )PER SHARE DATA - NOTE A))))))) )  *Basic earnings per share******* * '+Loss from continuing operations+ ףp= +++ ףp= +++  ףp= ǿ+ 8,0Income from discontinued operations attributable,333333?,,,)\(@,,, zG@, - to Ashland1.)Net income (loss) attributable to Ashland.{Gz?...Gz޿... )\(@. //////// / "0Diluted earnings per share00000 '1Loss from continuing operations1 ףp= 111 ףp= 111  ףp= ǿ1 820Income from discontinued operations attributable2333333?222)\(@222 zG@2 3 to Ashland14)Net income (loss) attributable to Ashland4{Gz?444Gz޿444 )\(@4 555555 #6COMPREHENSIVE INCOME (LOSS)66666 7Net income (loss)~ 7r77~ 777~ 7 7 .8&Other comprehensive income (loss), net88888 9of tax*:"Unrealized translation gain (loss)~ :F::~ :::~ : >: -;%Pension and postretirement obligation~ ;;;~ ;:;;~ ; ; < adjustment3=+Net change in available-for-sale securities~ =>==~ =F==~ = = )>!Other comprehensive income (loss)~ >r>>~ >F>>~ > > #?Comprehensive income (loss)~ ???~ ???~ ? ? Dli>"R f-%zwL6@ A B C D E F G H I ,@$Comprehensive income attributable to~ @n@@~ @@@ @ -@ Anoncontrolling interest0B(Comprehensive income (loss) attributable~ BvBB~ BBB~ B B C to AshlandDDDDDD EF$G____________________________1H)Created by Morningstar Document Research.0I(http://documentresearch.morningstar.com/!kHPD8=PF0*8X> @`II HH GG BBBBBB @@@@@@ ?????? >>>>>> ====== ;;;;;; :::::: 777777 444444 222222 111111 ...... ,,,,,, ++++++ '''''' %%%%%% $$$$$$ """""" !!!!!!              l  Me&  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 7} $ M     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017B:F-3REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM        5 -Ashland Global Holdings Inc. and Consolidated     Subsidiaries# Consolidated Balance Sheets    At September 30    (In millions)~ ~ AssetsCurrent assets!Cash and cash equivalents~ ~ Accounts receivable (a)~  ~ FInventories - Note A~  ~ n Other assets~ n~ f1)Current assets of discontinued operations -~ * - Note ETotal current assets~ ~ "-Noncurrent assets.&Property, plant and equipment - Note G Cost~ :~ ~8 Accumulated depreciation~ ~ )!Net property, plant and equipment~ ~ Goodwill - Note H~ &~ j!Intangibles - Note H~ ~ 'Restricted investments - Note F~ ~ D laUI=1t\xB<C!W !"#$%&'()*+,-./0123456789:;<=>?. &Asbestos insurance receivable - Note N~ F  ~  &!Deferred income taxes - Note L~ !r!!~ !!"Other assets - Note J~ """~ ""4#,Noncurrent assets of discontinued operations #-##~ #v#$- Note E%Total noncurrent assets~ %h%%~ %"o%& Total assets~ &&&~ &B&''''(Liabilities and Equity((((()Current liabilities))))) *Short-term debt - Note I~ ***~ ** +Trade and other payables~ +f++~ ++.,&Accrued expenses and other liabilities~ ,,,~ ,,6-.Current liabilities of discontinued operations ----~ --.- Note E/!0Total current liabilities~ 0"00~ 0Z01Noncurrent liabilities111112Long-term debt - Note I~ 2b(22~ 2V$2-3%Employee benefit obligations - Note M~ 333~ 33,4$Asbestos litigation reserve - Note N~ 4 44~ 4 4&5Deferred income taxes - Note L~ 555~ 55"6Other liabilities - Note J~ 6B66~ 66.7&Noncurrent liabilities of discontinued 7-77~ 778operations - Note E$9Total noncurrent liabilities~ 9RB99~ 9vW9-:%Commitments and contingencies - Notes:::::;K and N<Equity - Notes O and P<<<<</='Common stock, par value $.01 per share,=====%>200 million shares authorized1?)Issued 62 million shares in 2017 and 2016~ ???~ ??Dy l$L8}M0Z\*PyZr@ABCDEFGHIJKL@Paid-in capital~ @@@~ @n@ARetained earnings~ A"*AA~ AB*A,B$Accumulated other comprehensive loss~ BBB~ BB*C"Total Ashland stockholders? equity~ C:5CC~ CN4C#DNoncontrolling interest (b) D-DD~ D*DE Total equity~ E:5EE~ Ev1E$FTotal liabilities and equity~ FFF~ FBFGGGGHI$J____________________________1K)Created by Morningstar Document Research.0L(http://documentresearch.morningstar.com/HjD=PF0*8X> @QLLKKJJFFFFEEEEDDDDCCCCBBBBAAAA@@@@????99997777666655554444333322220000----,,,,++++****&&&&%%%%####""""!!!!   l  5o=L  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2} $ } } $ } } $ 5     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017B:F-3REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                        5 -Ashland Global Holdings Inc. and Consolidated            Subsidiaries) !Statements of Consolidated Equity                        Accumulated    otherCommonPaid-in Retained    comprehensiveNoncontrolling (In millions) stockcapital earnings    income (loss) (a)interest (b) Total%Balance at September 30, 2014~  $-~  N6  ~   $-~ 7)!Total comprehensive income (loss)    Net income~     ~  Other comprehensive loss  ~  ~ )!Dividends, $1.46 per common share~  z   ~ z2*Common shares issued under stock incentive    and other plans (c) (d)~ ~     ~ 'Repurchase of common shares (e)~     ~ %Balance at September 30, 2015~ ~ ~  F3  ~  v -~ v/)!Total comprehensive income (loss)   Net income (loss)~     ~ ~ "Other comprehensive income  ~  F~ F)!Dividends, $1.56 per common share~  ~   ~ ~2*Common shares issued under stock incentive    DlaUI=1`H+N2g !"#$%&'()*+,-./01234 and other plans (c) (d)   ~ b         ~ b '!Repurchase of common shares (e)!!~ !>!!~ ! ! ! ! !!!~ !2!."&Valvoline Inc. initial public offering""~ """" " ~ " ""~ "&""~ "" " #(b)%$Balance at September 30, 2016~ $$$~ $n$$~ $ B*$ $ ~ $ $$~ $*$$~ $v1$)%!Total comprehensive income (loss)%%%%%%% % % %%%%& Net income&&&&~ & & & & &~ &n&&~ &r&"'Other comprehensive income''''' ' ~ ' r''''~ 'r')(!Dividends, $1.23 per common share((((((~ ( ( ( ( ((((~ ((2)*Common shares issued under stock incentive))))))) ) ) ) ))))))*and other plans (c) (d)***~ *>*** * * ****~ *>**+"Distribution of Valvoline Inc. (b)++++~ + + + ~ + ~++~ +b++~ ++ ,Other,,~ ,,,, , , ,~ ,,, ,-,0-(Distributions to noncontrolling interest----- - - -~ ---~ --%.Balance at September 30, 2017~ ...~ ...~ . "*. . ~ . .. .$-..~ .:5.////// / / ////01$2____________________________13)Created by Morningstar Document Research.04(http://documentresearch.morningstar.com/.!%L^ON 9O, =PF0*8X> @X443322...... .. ....----,,,,,,++ ++ ++++****(( (('' ''&& &&&&$$$$$$ $$ $$$$"""" """"!!!! !!                        l  mm"}  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } :}  $ m                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017B:F-3REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM            5 -Ashland Global Holdings Inc. and Consolidated       Subsidiaries- %Statements of Consolidated Cash Flows      Years Ended September 30      (In millions)~ ~ ~  ~ /'Cash flows provided (used) by operating -%activities from continuing operationsNet income (loss)~ r~ ~   0(Income from discontinued operations (net~ ~ ~   of tax)7/Adjustments to reconcile income from continuing   operations/'to cash flows from operating activities  %Depreciation and amortization~ ~ ~   1)Original issue discount and debt issuance~ ~ J~  J cost amortizationDeferred income taxes~ ~ ~  > %Equity income from affiliates -~ ~   ,$Distributions from equity affiliates~ ~  ~   /'Stock based compensation expense - Note~ R~ z~  z  P( Loss on early retirement of debt~ & -~  & D laUI=1,GY( ]G%mX) ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? . &Realized gain and investment income on~   ~   ~  %!available-for-sale securities1")Net loss on acquisitions and divestitures~ """~ """"~ " f" #- Notes C and D$ Impairments $-$$~ $$$~ $ .$ %Pension contributions~ %%%~ %~%%~ % z% 0&(Loss on pension and other postretirement~ &&&~ &:&&~ & B& 'plan remeasurements2(*Change in operating assets and liabilities~ (Z((~ (((~ (  (  )(a)5*-Total cash flows provided (used) by operating~ ***~ ***~ * * -+%activities from continuing operations/,'Cash flows provided (used) by investing,,,,,,, , --%activities from continuing operations2.*Additions to property, plant and equipment~ ...~ .f..~ . . 1/)Proceeds from disposal of property, plant~ ///~ / //~ / / 0 and equipment51-Purchase of operations - net of cash acquired~ 1b11 1-11~ 1 1 22*Proceeds from sale of operations or equity~ 2J22~ 2N22~ 2 .2 3 investments64.Net purchases of funds restricted for specific~ 444~ 444~ 4 4 5 transactions16)Reimbursement from restricted investments~ 6n66~ 666~ 6 6 07(Proceeds from sale of available-for-sale~ 7N77~ 7*77~ 7 7 8 securities19)Purchase of available-for-sale securities~ 999~ 999~ 9 9 2:*Proceeds from the settlement of derivative~ :::~ :&::~ : J: ; instruments1<)Payments for the settlement of derivative~ <<<~ <<<~ < < = instruments5>-Total cash flows used by investing activities~ >>>~ >>>>~ > > "?from continuing operationsD[lh? 1"RW>M5O@ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [ \ ] ^ _ /@'Cash flows provided (used) by financing@@@@@@@ @ -A%activities from continuing operations0B(Proceeds from issuance of long-term debt~ B2BB B-BB~ B 2B #CRepayment of long-term debt~ CCC~ CCC~ C FC +D#Premium on long-term debt repayment~ DDD D-DD~ D D ,E$Proceeds (repayment) from short-term~ E.EE~ EEE~ E E  Fdebt"GRepurchase of common stock G-GG~ G2GG~ G G HDebt issuance costs~ HHH H-HH~ H H ICash dividends paid~ III~ I~II~ I zI 2J*Excess tax benefits related to 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liabilities~ bbb~ bFbb~ b b 2c*Change in operating assets and liabilities~ cZcc~ ccc~ c  c  dSupplemental disclosuresddddddd d e Interest paid~ eee~ eee~ e Ve fIncome taxes paid~ f>ff~ fff~ f f gggggg hi$j____________________________1k)Created by Morningstar Document Research.0l(http://documentresearch.morningstar.com/kKI=PF0*8X> @*ll kk jj ffffff eeeeee cccccc bbbbbb aaaaaa `````` ______ ]]]]]] ZZZZZZ XXXXXX WWWWWW UUUUUU SSSSSS RRRRRR QQQQQQ PPPPPP NNNNNN LLLLLL JJJJJJ IIIIII HHHHHH GGGGGG EEEEEE DDDDDD CCCCCC BBBBBB >>>>>> <<<<<< :::::: 999999 777777 666666 444444 222222 111111 ////// ...... ****** (((((( &&&&&& %%%%%% $$$$$$ """"""             l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3) InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4}  $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017'Allowance for doubtful accounts             ~   ~   ~ ~   (In millions)3 +Allowance for doubtful accounts - beginning~ *  ~   ~ "  of year!Adjustments to net income~ ~ ~   Reserves utilized~ ~ ~    Other changes~ ~ ~   0(Allowance for doubtful accounts - end of~ &~ *~    year$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2|pdXLJ1sZJ>=PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accountsInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Inventories         ~   ~    (In millions) Finished products~   ~  3 +Raw materials, supplies and work in process~   ~   LIFO reserves~ ~ ~  ~ n$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.+xl`>n" =PF0*8X> @j        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts Inventories Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0.}  $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Inventories             ~   ~   ~ ~   (In millions). &Inventory reserves - beginning of year~ ~  ~ ~  ~  ! Adjustments to net income~   ~   ~ & Reserves utilized~ ~ ~   &Dispositions and other changes - -~   ( Inventory reserves - end of year~ v~ ~~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`^E"sg?=PF0*8X> @            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1)!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4}  $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Income taxes             ~   ~   ~ ~   (In millions)/ 'Tax valuation allowances - beginning of~ "  ~   ~ .  year3+Adjustments to income tax expense (benefit)~ n~ ~   Reserves utilized~ ^~ ~    Other changes - -~   .&Tax valuation allowances - end of year~ ~ "~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2wk_]D{fZN&=PF0*8X> @           l  "  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxesF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5}  $ "                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017>6F-13NOTE A SIGNIFICANT ACCOUNTING POLICIES (continued)             ~   ~   ~ ~ + #(In millions except per share data)  Numerator     - %Numerator for basic and diluted EPS -     /'Loss from continuing operations, net of~ ^~ ~    tax Denominator  4,Denominator for basic EPS - Weighted-average  !common shares outstanding~ ~ ~   0(Share based awards convertible to common - -  -  shares (a).&Denominator for diluted EPS - Adjusted  weighted-.&average shares and assumed conversions~ ~ ~   3+EPS from continuing operations attributable  to Ashland Basic ףp=  ףp=   ףp= ǿ Diluted ףp=  ףp=   ףp= ǿ  $____________________________Du leYMA53F'mW0K? ! 1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X> @!!          l  ./0E4  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $ .     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017F-16NOTE B VALVOLINE      May 12   (In millions)~   ASSETS  Current assets  Cash~  Accounts receivable, net~  Inventories~ fOther current assets~ bTotal current assets~  Noncurrent assets)!Net property, plant and equipment~ Goodwill~ &3+Equity and other unconsolidated investments~ ~Deferred income taxes~ Other noncurrent assets~ vTotal noncurrent assets~  Total assets~ ZLIABILITIES AND EQUITYCurrent liabilitiesShort-term debt~ .)!Current portion of long-term debt~ B Trade and other payables~ Dl{ocW'\yP OuJ !"#$%&'()*+,-! Other current liabilities~  !!Total current liabilities~ !z!"Noncurrent liabilities"#Long-term debt~ #Z #$$Employee benefit obligations~ $ $#%Other long-term liabilities~ %%$&Total noncurrent liabilities~ &&'Total liabilities~ 'F!'( Net deficit~ (()*$+____________________________1,)Created by Morningstar Document Research.0-(http://documentresearch.morningstar.com/ T [$=PF0*8X> @--,,++((''&&%%$$##!!    l   M  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINE!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } -} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017!Purchase price allocation      At    May 17, 2017 - %Preliminary purchase price allocation  As Adjusted   (in millions)Assets:Accounts receivable~  Inventory~ *Other current assets~ Intangible assets~ *Goodwill~ ~%Property, plant and equipment~ Other noncurrent assets~ R Liabilities:Accounts payable~ Deferred tax - net~ $Other noncurrent liabilities~ Total purchase price~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dlvj^R"x_@g9S_=PF0*8X> @    l  d  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocationImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } *} $ }       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#F-18NOTE C ACQUISITIONS (continued)          Weighted-average    amortization period+ #Intangible asset type (in millions) Value   (years)" Trademarks and trade names~ j  ~ >Intellectual property~ ~ Z+#Customer and supplier relationships~ ~ R Total~ *$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`TH}c}=PF0*8X> @B   l  y  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continue!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } '} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017#Impact on operating results    (  Pharmachem results of operations   (In millions) 2017 (a)  Sales~   Operating income~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|th\P N6*=PF0*8X> @2    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } %} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017#Impact on operating results        ' Unaudited pro forma information     (In millions)~   ~   Sales~ 5  ~ 3  Net income (loss)~ ~  ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hth\PHZ=PF0*8X> @J        l  %֮4  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } =}  $ %                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-20NOTE E DISCONTINUED OPERATIONS (continued)             ~   ~   ~ ~   (In millions)2 *Income (loss) from discontinued operations       Valvoline~   ~   ~  #Asbestos-related litigation~ ~ n~   Water Technologies~ ~ ~    Distribution~ ~ ~   3+Gain on disposal of discontinued operations  Water Technologies - -~   Income before taxes~ 6~ r~    $Income tax benefit (expense)  2*Benefit (expense) related to income (loss)  $from discontinued operations Valvoline~ ~ ~  . #Asbestos-related litigation~ ~ ~   Water Technologies~ ~ ~     Distribution~  ~ ~   ;3Benefit related to gain on disposal of discontinued   operationsWater Technologies - -~    Distribution - -~   0(Income from discontinued operations (net~ ~ ~   DlmaUI=;"5$G6 ! " # $   of taxes)!$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/P=PF0*8X> @j-$$ ## ""                 l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4}  $                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-21NOTE E DISCONTINUED OPERATIONS (continued)              (In millions) 2017 (a)  ~   ~ ~ + #Income from discontinued operations     ! attributable to Valvoline       Sales~ V~ &~    Cost of sales~ J~ ~   3+Selling, general and administrative expense~ Z~ ~   ( Research and development expense~ ~ ~   Equity and other income~ F~ R~  " 3+Operating income of discontinued operations~ ~ ~  j 1)Net loss on acquisitions and divestitures -~ ~   0(Net interest and other financing expense~ ~   - 0(Pretax income of discontinued operations~ ~ ~   Income tax expense~ ~ ~  . +#Income from discontinued operations~ ~~ z~  .  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D^ lmaUI=(\PDN_,=PF0*8X> @:'                l  )t  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 7} $ )     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-21NOTE E DISCONTINUED OPERATIONS (continued)      (In millions)~   Cash~   Accounts receivable, net~    Inventories~  Other current assets~ f1)Current assets of discontinued operations~ * )!Net property, plant and equipment~ Goodwill~ "3+Equity and other unconsolidated investments~ jDeferred income taxes~ nOther noncurrent assets~ r4,Noncurrent assets of discontinued operations~ v)!Current portion of long-term debt~ N Trade and other payables~ 6.Current liabilities of discontinued operations~ Long-term debt~ j $Employee benefit obligations~  #Other long-term liabilities~ .&Noncurrent liabilities of discontinued~ D|lmaUI= rAY+bs !"#$%&'(  operations!!"Equity"#Noncontrolling interest~ #*#$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/wk_7=PF0*8X> @((''&&##     l   l  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017*"F-22NOTE F FAIR VALUE MEASUREMENTS                         Quoted prices            in active    Significant          markets for   other    Significant        identical    observable    unobservable Carrying Total fair assets   inputsinputs (In millions) value value Level 1   Level 2Level 3Assets   !Cash and cash equivalents~ ~ ~      $- $-"Restricted investments (a)~ 2~ 2~  2    - --%Deferred compensation investments (b)~ z~ z  -  ~  z -4,Investments of captive insurance company (b)~ ~ ~      - -$Foreign currency derivatives~  ~    -  ~    -"Total assets at fair value~ ~ ~    ~   $-    Liabilities    $Foreign currency derivatives~ ~   $-  ~   $-   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/DDlymaUIY<Fn7]=PF0*8X> @9                         l   2  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-23NOTE F FAIR VALUE MEASUREMENTS (continued)                         Quoted prices            in active    Significant          markets for   other    Significant        identical    observable    unobservable Carrying Total fair assets   inputsinputs (In millions) value value Level 1   Level 2Level 3Assets   !Cash and cash equivalents~ ~ ~      $- $-"Restricted investments (a)~  ~  ~       - --%Deferred compensation investments (b)~ Z~ Z  -  ~  Z -4,Investments of captive insurance company (b)~ ~ ~      - -$Foreign currency derivatives~ ~   -  ~   -"Total assets at fair value~ b~ b~    ~  f $-    Liabilities    $Foreign currency derivatives~ ~   $-  ~   $-   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/DPlmaUI=M0y:b+Q=PF0*8X> @9                         l  *M  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } y#} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Restricted investments          (In millions)~   ~    Original cost~ >  ~ > % Accumulated investment income    and disbursements, net~   ~  Adjusted cost (a)~ ~ 2Investment income (b)~ &~ "Unrealized gain~ ~ . Realized gain~   -Settlement funds~  ~  Disbursements~ ~ ~ Fair value~ 2~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:ymaUC7{#n=PF0*8X> @       l  k  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-24NOTE F FAIR VALUE MEASUREMENTS (continued)                    Gross   Gross     (In millions)  Adjusted Cost   Unrealized Gain   Unrealized Loss    Fair Value  As of September 30, 2017        Demand Deposit~ &   -   -  ~ & Equity Mutual Fund~ ~   -  ~  *"Corporate bond Mutual Fund~ ~   -  ~   Fair value~ ~   $-  ~  2    As of September 30, 2016   Demand Deposit~  -  -  ~  Equity Mutual Fund~ ~ "  -  ~  "Corporate bond Mutual Fund~ ~   -  ~   Fair value~ ~ .  $-  ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<@ maUI=}) d9;Y=PF0*8X> @J)                      l  ǂ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMENCurrency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0}  $                     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-24NOTE F FAIR VALUE MEASUREMENTS (continued)              (In millions)~   ~   ~ ~  Investment income~ &  ~ "  ~   Realized gains~     -   -   Disbursements~   ~ ~  ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*whmaUI=.-n=PF0*8X> @z           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } a/}  $                    #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Currency hedges             ~   ~   ~ ~   (In millions)/ 'Foreign currency derivative gain (loss)~ &  ~    ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(iTth\ZAh=PF0*8X> @J        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } a/} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20176.F-25NOTE F FAIR VALUE MEASUREMENTS (continued)         ~   ~    (In millions)* "Foreign currency derivative assets~    ~   Notional contract values~ >  ~  /'Foreign currency derivative liabilities~ ~  Notional contract values~ ~ B$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0maUI=x v_=PF0*8X> @j        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017,$NOTE G PROPERTY, PLANT AND EQUIPMENT         ~   ~    (In millions) Land~ Z  ~ ^   Buildings~   ~ B Machinery and equipment~ b,~ ) Construction in progress~ ~ 63+Total property, plant and equipment (gross)~ :~ ~8$Accumulated depreciation (a)~ ~ 61)Total property, plant and equipment (net)~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 wk_SG2z7zR=PF0*8X> @       l  B  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } }  $                    #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017,$NOTE G PROPERTY, PLANT AND EQUIPMENT              (In millions)~   ~   ~ ~   Depreciation~ n  ~   ~   Capitalized interest~   ~   ~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Twk_SG84(=PF0*8X> @b          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1)Other intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } y#} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Goodwill                   Specialty      Intermediates     (In millions)  Ingredients    Composites    and Solvents   Total % Balance at September 30, 2015~ R  ~ :  ~   ~ 6$  Divestiture (a)~    -   -  ~   Impairment - -~  V  ~  VCurrency translation~ ~   -  ~   %Balance at September 30, 2016~ ~ N  -  ~  j!Acquisition (b)~ ~ -  -  ~  ~Currency translation~ ~   -  ~  %Balance at September 30, 2017~ .$~ Z  $-  ~  &   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8 {ocRXT|T=PF0*8X> @J)                       l  z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by 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and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0.} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017Other intangible assets                         ~  ~   Gross     Net   Gross     Net   carrying    Accumulated   carrying   carrying    Accumulated   carrying   (In millions) amount    amortization   amount   amount    amortization   amount ( Definite-lived intangible assets   "Trademarks and trade names~ ~ ~    ~  ~ ~ VIntellectual property~  ~ ~    ~  n ~ ~ *+#Customer and supplier relationships~ & ~ V~  z  ~  ~~ ~ f.&Total definite-lived intangible assets~ ~ ~    ~  ~ Z~   (a)   *"Indefinite-lived intangible assets   "Trademarks and trade names~  -~    ~   -~ Total intangible assets~ ~ ~    ~  >~ Z~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@Dxl`T40" ]_f_UF }qe==PF0*8X> @9                            l  %#;x<  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assets!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 1} $ %     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017#F-28NOTE I DEBT (continued)         ~   ~    (In millions) 4.750% notes, due 2022~   ~   Term Loan B, due 2024~ ^    - 6.875% notes, due 2043~ ~ Term Loan A, due 2022~  -Term Loan A, due 2020~  -!Revolving Credit Facility~  -*"Accounts receivable securitization~  -1)6.50% junior subordinated notes, due 2029~ ~ 2!Other international loans -~ R-%Medium-term notes, due 2019, interest~ ~ %of 9.4% at September 30, 2016Term Loan, due 2017 -~ Z3.875% notes, due 2018 -~   Other (a)~ ~  Total debt~ ,~ &1)Short-term debt (includes current portion~ V~ Zof long-term debt)0(Long-term debt (less current portion and~ b(~ V$debt issuance costs)D lth\P)gCacOf !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/ P=PF0*8X> @*%$$##""       l  U  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } +}  $                          #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/201791Net interest and other financing expense (income)             ~   ~   ~ ~   (In millions) Interest expense (a)~   ~   ~   Interest income~   ~   ~  ,$Available-for-sale securities income~ ~ ~    (b)!Other financing costs (c)~ F~ ~  F ~ ~ ~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[j^RF:8sv."=PF0*8X> @            l  Um  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } I"}  $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/201791Net interest and other financing expense (income)             ~   ~   ~ ~   (In millions) Normal amortization~ "  ~ 2  ~ : $ Accelerated amortization (a)~   ~   ~   Total~ ~ J~  J  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.j^RF:8 MA5 =PF0*8X> @z          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017F>F-33NOTE J OTHER NONCURRENT ASSETS AND LIABILITIES (continued)         ~   ~    (In millions)) !Deferred compensation investments~ z  ~ Z ) !Tax and tax indemnity receivables~ Z  ~ J 'Manufacturing catalyst supplies~ ~ 3+Equity and other unconsolidated investments~ ~ ~#Defined benefit plan assets~ n~ Land use rights~ B~ VLife insurance policies~ >~ B+#Environmental insurance receivables~ :~ >Notes receivable~ ~ RDebt issuance costs~ ~ * Other~ j~ V~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>- 0]QE9-h#E] =PF0*8X> @       l  ~  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSENOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } m)} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017F>F-33NOTE J OTHER NONCURRENT ASSETS AND LIABILITIES (continued)         ~   ~    (In millions) Tax liabilities~   ~  * "Environmental remediation reserves~   ~  Deferred compensation~ ~  Other~ ~ ~ B~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0]QE9-h >a=PF0*8X> @z       l  C  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0}  $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 NOTE K LEASE COMMITMENTS             ~   ~   ~ ~   (In millions)0 (Minimum rentals (including rentals under~   ~   ~   short-term leases)Contingent rentals -~ ~   Sublease rental income~ ~ ~   ~ ~ ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0^wk_SQ8u=PF0*8X> @          l  H  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } I"}  $                          #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#F-34NOTE L INCOME TAXES (continued)             ~   ~   ~ ~   (In millions) Current      Federal~   ~ "  ~   State -~ ~   Foreign~ ~ ~   ~ ~ ~   Deferred~ ~ ~  : $Income tax expense (benefit)~ ~ ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4xl`THF-ev=PF0*8X> @            l  &z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5} $ &     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#F-34NOTE L INCOME TAXES (continued)         ~   ~    (In millions) Deferred tax assets   0 (Foreign net operating loss carryforwards~   ~ .  (a)$Employee benefit obligations~ ~ 4,Environmental, self-insurance and litigation~ ~ F%reserves (net of receivables).&State net operating loss carryforwards~ ~ .&(net of unrecognized tax benefits) (b)Compensation accruals~ "~ 1)Credit carryforwards (net of unrecognized~ j~ tax benefits) (c) Other items~ ~ 6 Valuation allowances (d)~ ~ !Total deferred tax assets~ &~  Deferred tax liabilities*"Goodwill and other intangibles (e)~ ~ ^%Property, plant and equipment~ ~ Unremitted earnings~ ~ &Total deferred tax liabilities~  ~  "Net deferred tax liability~ ~ D lxl`TH@UB:b/g !"#$%    !"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/Qd=PF0*8X> @ !%%$$##     l  ) r  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0}  $ )                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#F-35NOTE L INCOME TAXES (continued)             ~   ~   ~ ~   (In millions)0 (Income (loss) from continuing operations      before income taxes United States~ "~ N~  b Foreign~ Z~ ~  F .&Loss from continuing operations before~ z~ 2~    income taxes /'Income taxes computed at U.S. statutory~ z~ R~  .  rate (35%).&Increase (decrease) in amount computed  resulting from Net gain on divestitures - -~  * Uncertain tax positions~ 2~ b~  Z -%Foreign dividends and deemed dividend~ ~ ~    inclusionsForeign tax credits~ ~ ~   'Valuation allowance changes (a)~ ~ ~   ( Research and development credits~ ~ ~   State taxes (b)~ ~ ~   Goodwill impairment -~   - D lxl`THF-mSB ! " # $ % & ' ( ' International rate differential~   ~   ~  !Other items (c)~ !V!!~ !Z!!~ ! ! $"Income tax expense (benefit)~ """~ """~ " " ###### $%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/Eo` =PF0*8X> @3(( '' && """""" !!!!!!                 l  (+ $-  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } a/} $ (     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#F-36NOTE L INCOME TAXES (continued)         (In millions)% Balance at September 30, 2015~ B / 'Increases related to positions taken on~ * items from prior years/'Decreases related to positions taken on~ items from prior years/'Increases related to positions taken in~ Zthe current year'Lapse of statute of limitations~ -%Settlement of uncertain tax positions~ with tax authorities%Balance at September 30, 2016~ /'Increases related to positions taken on~ "items from prior years/'Decreases related to positions taken on~ items from prior years/'Increases related to positions taken in~ :the current year'Lapse of statute of limitations~ !Acquisition of Pharmachem~ .-%Settlement of uncertain tax positions~ D8lxl`THK)mQ ^3 !"#$%&' with tax authorities)!!Balance at September 30, 2017 (a)~ ! !""#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/uiA=PF0*8X> @''&&%%!!   l   YS  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } -} $ } $} $ } $}  $ } $} $ } $} $ } $} $ } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-F-38NOTE M EMPLOYEE BENEFIT PLANS (continued)                          Pension benefits % Other postretirement benefits  (In millions)~   ~   ~ ~  ~   ~   ~ ~ + #Net periodic benefit costs (income)             Service cost~ "  ~ V  ~ V  ~   ~   ~   Interest cost~ "~ z~  B  ~   ~ ~ )!Curtailment, settlement and other -~ ~      -~ z -&Expected return on plan assets~ ~ ~  >    - - -,$Amortization of prior service credit -~ ~      -~ ~ Actuarial loss -~ B~  R  ~  ~ ~ ~ ~ ~    ~  &~ ~ -%Weighted-average plan assumptions (a)    *"Discount rate for service cost (b)Q? %@ % zG@  %  q= ףp@ %HzG@ %{Gz@ %+#Discount rate for interest cost (b)(\@ %ffffff @ % zG@  %  zG@ %(\@ %{Gz@ %%Rate of compensation increaseffffff@ %RQ@ % Gz@  %  "Expected long-term rate of    return on plan assetsHzG @ %ףp= @ % 333333@  %     $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D1lnbVJ>-<:;5D`c?4f=PF0*8X> @:G                               l  Jp  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 2} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-F-38NOTE M EMPLOYEE BENEFIT PLANS (continued)                  Pension  Postretirement  (In millions)~   ~   ~   ~  # Prior service cost (credit) $-  ~     $-  ~  ) !Curtailment, settlement and other -  ~    -  ~  ,$Amortization of prior service credit -~   -  ~  : Total $-~ &  $-  ~  v   0(Total recognized in net periodic benefit     cost (income)2*and accumulated other comprehensive income~ ~ ~  &  ~  R$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 nbVJ>~9*ps=PF0*8X> @                  l  Ç  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-F-38NOTE M EMPLOYEE BENEFIT PLANS (continued)                  Pension  Postretirement  (In millions)~   ~   ~    2016 (a)  Prior service credit~   ~    $-  ~          $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hnbVJ>~9vjB=PF0*8X> @j          l  3g O  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } a/} $ } $} $ } $}  $ } $} $ } $ 3     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017%Obligations and funded status                      Other postretirement   Pension plans   benefit plans  (In millions)~   ~   ~   ~  % Change in benefit obligations       ( Benefit obligations at October 1~ ~ ~    ~   Service cost~ "~ &~      - Interest cost~ "~ .~       -!Participant contributions~ ~   -    - Benefits paid~ ~ ~    ~  Actuarial (gain) loss~ ~  ~      -.&Foreign currency exchange rate changes~ 6~   -    - Other~ F~   -    -"Curtailment and settlement~ ~   -    -+#Benefit obligations at September 30~ ~ ~    ~  Change in plan assets    )!Value of plan assets at October 1~ ~ 6  $-    $-$Actual return on plan assets~ ~   -    -"Employer contributions (a)~ ~ "  -    -!Participant contributions~ ~   -    - Benefits paid~ ~   -    -.&Foreign currency exchange rate changes~ "~ n  -    - Other~ ~   -    -Dl~rfZN2Cks p`E !"#$%&'()*+,-./012, $Value of plan assets at September 30~   ~    $-   $- !!!!!! ! ! $"Unfunded status of the plans~ "r""~ """~ "  " " ~ " "###### # # /$'Amounts recognized in the balance sheet$$$$$$$ $ $ $ $!%Noncurrent benefit assets~ %n%%~ %%% % $-% %  % $-%#&Current benefit liabilities~ &&&~ &&&~ & & & ~ & &&'Noncurrent benefit liabilities~ '''~ '''~ ' ' ' ~ ' &'(Net amount recognized~ (r((~ (((~ (  ( ( ~ ( ()))))) ) ) )*!Weighted-average plan assumptions******* * * * *+ Discount rate+HzG@ +%++Q @ +%++ HzG @ + %+ + \(\ @ +%%,Rate of compensation increase,ffffff@ ,%,,RQ@ ,%,, , , ------ - - ./$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/* hD0hRAymE=PF0*8X> @bl221100,,,,++++++ ++ (((((( (( '''''' '' &&&&&& && %%%%%% %% """""" ""                                             l  h  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-F-40NOTE M EMPLOYEE BENEFIT PLANS (continued)          (In millions)~   ~  $ Projected benefit obligation~   ~  & Accumulated benefit obligation~   ~  ! Fair value of plan assets~   ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hnbVJ>NB6=PF0*8X> @Z          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA 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(1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLANPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Plan assets                   Quoted prices          in active    Significant        markets for   other    Significant      identical    observable    unobservable  Total fairassets inputs   inputs (In millions) valueLevel 1 Level 2   Level 3!Cash and cash equivalents~ J~ J  $-    $-&Non-U.S. Government securities~  -~      -"Corporate debt instruments~  -~      -Corporate stocks~  -~      -Insurance contracts~  -~      -"Total assets at fair value~ ~ J~  F    $-$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/: xl`?q]S=PF0*8X> @b,                       l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assets!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Plan assets                   Quoted prices          in active    Significant        markets for   other    Significant      identical    observable    unobservable  Total fairassets inputs   inputs (In millions) valueLevel 1 Level 2   Level 3!Cash and cash equivalents~ ~   $-    $-&Non-U.S. Government securities~  -~      -"Corporate debt instruments~  -~      -Corporate stocks~ v -~  v    -Insurance contracts~ . -~  .    -"Total assets at fair value~ ~ ~      $-$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/: xl`?q]S=PF0*8X> @b,                       l  #  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1) Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U} y } $ }  } $} $ } y } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20175-F-41NOTE M EMPLOYEE BENEFIT PLANS (continued)            Actual at September 30  (In millions) Target ~    2016 (a)  Plan assets allocation      Equity securities 15 - 60% ~ N % ~ " %Fixed income securities40 - 85%~ F %~ r %~  %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0VnbVJ>>S =PF0*8X> @"  l  ;  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } m} $                          #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 Cash flows              Other   Pension   postretirement   (In millions) benefits    benefits ~ ~ N   ~  ~ ~ B~ ~ ~ F~ ~ ~ J~ ~ ~ J~  2023 - 2027~ ~ b$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ymaK&ru=PF0*8X> @        l  6T  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } %}  } $ }  } $ }  } $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#Ashland asbestos-related litigation          ~   ~   ~ ~  (In thousands)' Open claims - beginning of year~   ~   ~   New claims filed~    ~    ~   Claims settled~  - -Claims dismissed~ ~ ~ !Open claims - end of year~ ~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`THjP==r=PF0*8X> @ l  k  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } +}  $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017*"Ashland asbestos-related liability             ~   ~   ~ ~   (In millions), $Asbestos reserve - beginning of year~ ~  ~ f  ~   Reserve adjustment~   ~    -  Amounts paid~ ~ ~   *"Asbestos reserve - end of year (a)~ ~ ~~  f  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0ymaUIG.{=PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0}  $                         #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017C;F-43NOTE N LITIGATION, CLAIMS AND CONTINGENCIES (continued)             ~   ~   ~ ~   (In millions)0 (Insurance receivable - beginning of year~ ^  ~ Z  ~ J  Receivable adjustment~ >  ~ B  ~  Insurance settlement~ ~ ~  v Amounts collected~ ~ ~   .&Insurance receivable - end of year (a)~ n~ ^~  Z  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2j`TH<0.{nS =PF0*8X> @            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } %}  } $ }  } $ }  } $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017,$Hercules asbestos-related litigation          ~   ~   ~ ~  (In thousands)' Open claims - beginning of year~ >  ~ R  ~ V  New claims filed~   ~   ~  Claims dismissed~ ~ ~ !Open claims - end of year~ 2~ >~ R$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.wk_SGiO @ l  e  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } +}  $                        #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017+#Hercules asbestos-related liability             ~   ~   ~ ~   (In millions), $Asbestos reserve - beginning of year~   ~   ~ &  Reserve adjustments~ B  ~ f  ~   Amounts paid~ ~ ~   *"Asbestos reserve - end of year (a)~ ~ ~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`THF-x=PF0*8X> @           l  8  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0}  $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017-%Hercules asbestos-related receivables             ~   ~   ~ ~   (In millions)0 (Insurance receivable - beginning of year~   ~   ~ 6  Receivable adjustment~   ~   ~  Insurance settlement - -~   *"Insurance receivable - end of year~ ~ ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.[vj^RFD+ =PF0*8X> @           l  x  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 6} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017B:Environmental remediation and asset retirement obligations         ~   ~    (In millions)5 -Environmental remediation reserve - beginning~   ~   of year Disbursements~ ~ R2*Revised obligation estimates and accretion~ J~ /'Environmental remediation reserve - end~ ~ of year$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0aUI=1lW=PF0*8X> @j      l  $  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 1}  $                            #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017C;F-46NOTE N LITIGATION, CLAIMS AND CONTINGENCIES (continued)             ~   ~   ~ ~   (In millions) Environmental expense~ F  ~   ~    Accretion~   ~    ~   Legal expense~ "~ "~    Total expense~ j~ ~    Insurance receivable~ ~ ~   1)Total expense, net of receivable activity~ b~ ~    (a) $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8\`TH<0.GUI==PF0*8X> @             l  8 N&  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5}  $ 8                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017-%F-48NOTE O - EQUITY ITEMS (continued)                Tax     Before    (expense)   Net of   (In millions) tax   benefit   tax % Year ended September 30, 2017     )!Other comprehensive income (loss) #Unrealized translation gain~ B~ ~  F 2*Amortization of unrecognized prior service *"credits included in net income (a)~ ~ ~   4,Net change in available-for-sale securities: -%Unrealized gain on available-for-sale~ b~ ~  B  securities-%Reclassification adjustment for gains included in net income~ ~ ~   ( Total other comprehensive income~ ~~ ~  r  %Year ended September 30, 2016 )!Other comprehensive income (loss) #Unrealized translation loss~ ~ ~   -%Pension and postretirement obligation  adjustment:0(Adjustment of unrecognized prior service~ Z~ ~    costD lvj^RF_XiO9?( ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 2 *Amortization of unrecognized prior service     *!"credits included in net income (a)~ !!!~ !N!!~ ! ^! -"%Unrealized gain on available-for-sale~ "r""~ """~ " F" # securities($ Total other comprehensive income~ $$$~ $$$~ $ F$ %%%%%% %&Year ended September 30, 2015&&&&& )'!Other comprehensive income (loss)''''' #(Unrealized translation loss~ (B((~ (((~ ( >( -)%Pension and postretirement obligation))))) * adjustment:0+(Adjustment of unrecognized prior service~ +++~ +++~ + + ,credit2-*Amortization of unrecognized prior service----- *."credits included in net income (a)~ ...~ ...~ . . -/%Unrealized loss on available-for-sale~ ///~ ///~ / / 0 securities&1Total other comprehensive loss~ 111~ 1611~ 1 1 222222 34$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/4, cMsvK5]QE=PF0*8X> @777 66 55 111111 ////// ...... ++++++ (((((( $$$$$$ """""" !!!!!!             l  a?  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4}  $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017-%F-48NOTE O - EQUITY ITEMS (continued)             ~   ~   ~ ~   (In millions)  Cost of sales $-  ~   ~  3 +Selling, general and administrative expense -  ~   ~  Discontinued operations~ ~ ~   0(Total amortization of unrecognized prior~ ~ ~   service credits$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.ovj^RFD+=PF0*8X> @           l  Y  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } $ } } $ } } $ }                           #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017( F-49NOTE P STOCK INCENTIVE PLANS              ~   (a)~   (b)~ ~  (c)  (In millions) SARs~   ~ &  ~ *   Nonvested stock awards~ >  ~ F  ~ >   Performance share awards~ "~ "~  6  ~ r~ ~      Income tax benefit~ .~ 6~  6    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4{ocWK(cm=PF0*8X> @            l  Ls  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } -} $ } $} $ } $}  $ } $                           #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20174,F-50NOTE P STOCK INCENTIVE PLANS (continued)             ~   ~   ~ ~ + #(In millions except per share data)- %Weighted-average fair value per share @5@   = ףp=:@   33333>@  of SARs granted (a)&Assumptions (weighted-average)  Risk-free interest rate? %? % 333333?  %Expected dividend yieldffffff? %ffffff? % 333333?  %Expected volatility6@ %33333;@ % ?@  % Expected life (in years)~ ~ ~    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6eocWK?=kL6 8, =PF0*8X> @           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } +} } $ } } $ } } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20174,F-50NOTE P STOCK INCENTIVE PLANS (continued)                      ~  ~  ~ ~  Number    Weighted-   Number    Weighted-   Number    Weighted-   of   average   of   average   of   average   common   exercise price   common   exercise price   common   exercise price ,$(In thousands except per share data)shares per shareshares    per share shares per share'Outstanding - beginning of year~ )\T@~    QKR@ ~ lO@Granted~ I[@~    )\[@ ~ Vi\@ Exercised~ 33333Q@~    QM@ ~ ffffffM@#Forfeitures and expirations~ Q~Z@~ j   W@ ~ R~ N&Transfer to Valvoline Inc. (a)~ RW@ -    -  - -!Conversion adjustment (b)~  - -    -  - -*"Outstanding - end of year (c), (d)~ V#= ףpG@~    )\T@ ~ QKR@%Exercisable - end of year (d)~  E@~ ~   QkQ@ ~ *(\M@  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0ocWK?C=PF0*8X> @R*                   l  >  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } +} } $ } } $ } } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20174,F-51NOTE P STOCK INCENTIVE PLANS (continued)                      ~  ~  ~ ~  Number    Weighted-   Number    Weighted-   Number    Weighted-   of   average   of   average   of   average   common    grant date   common    grant date   common    grant date ,$(In thousands except per share data)shares fair valueshares    fair value shares fair value%Nonvested - beginning of year~ HzG[@~     ףp=Z@ ~ vp= 3V@Granted~ rfffffFZ@~    q= ף[@ ~ Gz\@Vested~ \(X@~    \(Z@ ~ q= ף`S@ Forfeitures~ \( Z@~     ףp=*Z@ ~ ^X@&Transfer to Valvoline Inc. (a)~ Gz[@ -    -  - -!Conversion adjustment (b)~  - -    -  - -#Nonvested - end of year (c)~ nGzM@~    HzG[@ ~  ףp=Z@  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<ocWK?C?3'=PF0*8X> @:'                  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } } +} $ } <} $ } } $ }                          #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20174,F-52NOTE P STOCK INCENTIVE PLANS (continued)                 Weighted-      Target   average       shares/units   fair value per   (In thousands) Vesting period  granted  (a)  share/unit  (a)Fiscal Year 2017,$October 1, 2016 - September 30, 2019~ GzY@ Fiscal Year 2016,$October 1, 2015 - September 30, 2018~ &R[@ Fiscal Year 2015,$October 1, 2014 - September 30, 2017~ 6Hzw^@  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2ocWK?^_pth\4=PF0*8X> @R         l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } }  } $} $ }  } $} $ }  } $                       #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20174,F-52NOTE P STOCK INCENTIVE PLANS (continued)          ~   ~   ~ ~   Risk-free interest rate  1.3%-1.4%    0.5% - 1.2%    0.1% - 1.0%  Expected dividend yield ffffff? %  333333? %  ffffff? % Expected life (in years)~ ~ ~ Expected volatility9@ %5@ %3333338@ %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.PocWK?aU=PF0*8X> @ l  U  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } +} I } $ } I } $ } I } $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20174,F-52NOTE P STOCK INCENTIVE PLANS (continued)                      ~  ~  ~ ~     Weighted-      Weighted-      Weighted-     average     average     average   Shares/    grant date   Shares/    grant date   Shares/    grant date ,$(In thousands except per share data) Units fair value Units    fair value  Units fair value%Nonvested - beginning of year~  ףp=Z@~ 2   (\rW@ ~  R@ Granted (a)~ ףp= X@~ &   R[@ ~ \(\@ Vested (a)~ ףp= wU@~    q= ףS@ ~ Q Q@Forfeitures (b)~ *zGR@~    Q\@ ~ (\R@&Transfer to Valvoline Inc. (c)~ Q\@ -    -  - -!Conversion adjustment (d)~ : - -    -  - -#Nonvested - end of year (e)~ 2~ ~     ףp=Z@ ~ 2(\rW@  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<BocWK?C&]R)!'(&.'W=PF0*8X> @:'                  l  3*  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)Reportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } m} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017=5F-54NOTE Q REPORTABLE SEGMENT INFORMATION (continued)                              Sales to      Property, plant  external customers  Net assets (liabilities)  and equipment - net  (In millions)~   ~   ~ ~  ~   ~   ~   ~    United States~   ~ 6  ~   ~    ~   ~ &  ~   International~ r~ ~     ~  *~ 0~ ~ ~ 2~ ./~  r5  ~  :5~ v1~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/. fZNB6o[=PF0*8X> @"$                      l  F  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT IN!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U} $} $} $ } a} $} $} $ }  } $} $                            #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017"Reportable segment results           * "Sales by product category for 2017 Specialty Ingredients   Composites " Intermediates and Solvents  Cellulosics~  %   UPR/VER (a)~ N %   Derivatives~  % Poly vinyl pyrrolidones~ J %  Gelcoats and other~ F %   Butanediol~  % Adhesives~ > %~  %~    %Actives~  %  Vinyl ethers~  %  Pharmachem~  %  Other~ : % ~  %  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/88 ui]Q*|&5Hyma9=PF0*8X> @:      l  4d |n  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P 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"""""" #$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/y=PF0*8X> @3'' && %% !!!!!!                 l  )x a  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } -} $ } $} $ } $}  $ } $} $ } $} $ } $} $ } $} $ } $} $ } $ )                                 #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20177/F-57QUARTERLY FINANCIAL INFORMATION (UNAUDITED)                                 Quarters ended  December 31  March 31  June 30   September 30+ #(In millions except per share data)~  ~ ~ ~  ~  ~  ~   2017 (a)   2016 (b)  Sales~    ~    ~    ~    ~    ~ Z   ~    ~     Cost of sales~    ~   ~    ~ b  ~    ~   ~    ~  -%Gross profit as a percentage of sales~ n %>@ % ffffff<@  %  333333>@ %~ n %fffff=@ %:@ %8@ %Operating income (loss)~ F~ ~    ~  ~ ~ ~ ~ %Income (loss) from continuing    operations~ ~ V~  v  ~  B~ ~ b~ .~ Net income (loss)~ *~ f~    ~  ^~ ~ ~ ~     Basic earnings per share   Continuing operationsQ? q= ףp?   ?p= ףп(\?zG= ףp=&Net income (loss) attributable    to Ashland{GzQ? 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"Low"GzI@"""(\5H@""" GztJ@" " " E@"""Q~M@""~ """"fffffM@"""zG!K@"###### # # ########$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/||=PF0*8X> @w((''&&"""""" "" """"""""!!!!!! !! !!!!!!!!                                            l  Hn 0  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMATNEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $ H     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/20177/F-57QUARTERLY FINANCIAL INFORMATION (UNAUDITED)                    5 -Ashland Global Holdings Inc. and Consolidated          Subsidiaries0 (Five-Year Selected Financial Information          Years Ended September 30         /'(In millions except per share data) (a)~ ~ ~  ~  ~  z~ vSummary of operations    Sales~ 2~ ./~  r5  ~  ?~ ? Cost of sales~ %~ !~  '  ~  1~ Z. Gross profit~  ~  ~     ~   ~    3+Selling, general and administrative expense~ z ~ J~     ~  ~ B( Research and development expense~ N~ ^~    ~  ~ &Equity and other income (loss)~ ~ "~  >  ~  ~ Operating income (loss)~ :~ ~    ~  ~     0(Net interest and other financing expense~ ~ ~    ~  ~ (income)'Net gain (loss) on divestitures~ ~ ~    ~  ~ 0(Income (loss) from continuing operations    before income taxes~ z~ 2~    ~  ~ v$Income tax expense (benefit)~ ~ ~    ~  z~ 0(Income (loss) from continuing operations~ ^~ ~    ~  ~ Dll`TH?+ #Income from discontinued operations~   ~   ~   ~   ~  !Net income (loss)~ !r!!~ !!!~ ! ! ! ~ ! !!~ ! !1")Net income attributable to noncontrolling~ "n""~ """ " -" "  " -"" "-"#interest1$)Net income (loss) attributable to Ashland~ $$$~ $$$~ $ $ $ ~ $ $$~ $ $%%%%%% % % %%2&*Balance sheet information (as of September&&&&&&& & & & &&&&~ 'z(Current assets~ (((~ ("-((~ ( V0( ( ~ ( 5((~ (:+()Current liabilities~ )"))~ )Z))~ ) ) ) ~ ) >))~ ))*Working capital~ ***~ ***~ * * * ~ * **~ *N*++++++ + + ++, Total assets~ ,,,~ ,B,,~ , J, , ~ , ,,~ ,r,------ - - --.Short-term debt~ ...~ ...~ . . . ~ . J..~ ../Long-term debt~ /b(//~ /V$//~ / R4/ / ~ / ~-//~ /./0Equity~ 0:500~ 0v100~ 0 v/0 0 ~ 0 700~ 0&G0111111 1 1 112Cash flow information2222222 2 2 2 2222/3'Cash flows provided (used) by operating3333333 3 3 3 33334activities from5continuing operations~ 555~ 555~ 5 5 5 ~ 5 *55~ 5526*Additions to property, plant and equipment~ 666~ 666~ 6 r6 6 ~ 6 R66~ 6~67Cash dividends~ 7677~ 777~ 7 7 7 ~ 7 77~ 7b7888888 8 8 88 9Common stock information9999999 9 9 9 9999 :Basic earnings per share::::::: : : : ::::0;(Income (loss) from continuing operations; ףp= ;;; ףp= ;;;  ףp= ǿ; ; ; Q;;;Q@;1<)Net income (loss) attributable to Ashland<{Gz?<<<Gz޿<<< )\(@< < < RQ@<<<Qk!@<"=Diluted earnings per share======= = = = ====0>(Income (loss) from continuing operations> ףp= >>> ףp= >>>  ףp= ǿ> > > Q>>>= ףp=@>1?)Net income (loss) attributable to Ashland?{Gz????Gz޿??? )\(@? ? ? RQ@???p= #!@?DzlPlXq Ap+aPKpUV@ABCDEFG@@@@@@ @ @ @@A DividendsAGz?AAA(\?AAA \(\?A A A (\?AAAGz?ABBBBBB B B BBCD$E____________________________1F)Created by Morningstar Document Research.0G(http://documentresearch.morningstar.com/5)=PF0*8X> @*GGFFEEAAAAAA AA AA?????? ?? ??>>>>>> >> >><<<<<< << <<;;;;;; ;; ;;777777 77 77666666 66 66555555 55 55000000 00 00////// // //...... .. ..,,,,,, ,, ,,****** ** **)))))) )) ))(((((( (( (($$$$$$ $$ $$"""""" "" ""!!!!!! !! !!                                 l  '  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1) 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5} $      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017%[NEXT PAGE IS SIGNATURE PAGE]   Company Shareholder Shares of Common Stock# CMH Investment Holdings LLC fffffn@4 ,DAH 2012 Trust No. 2 U/A/D December 27, 2012 <@4 ,DAH 2012 Trust No. 3 U/A/D December 27, 2012 <@.&Pharmachem Laboratories, Inc. Employee1c@Stock Ownership Trust$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,j|~rfZN6r(=PF0*8X> @ l  ?@  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } U5} a/} 2} 0} !      #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017 2Exhibit B      / 'Shares of Common Stock (as per Purchase2 *Corrected Number of Shares of Common Stock Correction Amount# Net Adjustment Distribution . &Agreement, as amended by Amendment No. (per Exhibit A hereto)  1, dated May 16, 2017)# CMH Investment Holdings LLC fffffn@ fffffn@ (L^  cAA4,DAH 2012 Trust No. 2 U/A/D December 27, 2012<@<@HzQ3A4,DAH 2012 Trust No. 3 U/A/D December 27, 2012<@<@HzQ3A.&Pharmachem Laboratories, Inc. Employeeޞc@1c@q= ח1AQx @ l  ??c n  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit BLIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } 0} $ ?     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017NO TITLE                                EXHIBIT 12 $ ASHLAND GLOBAL HOLDINGS INC.1 )COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In millions) Years ended September 30~ v~ z ~  ~ ~ ~ EARNINGS   0(Income (loss) from continuing operations~ ~  ~    ~ ~ ^$Income tax expense (benefit)~ ~ z ~    ~ ~ Interest expense~ B~ V ~  R  ~ ~ *"Interest portion of rental expense~ >~ R ~  >  ~ F~ B-%Amortization of deferred debt expense~ ~ : ~  J  ~ J~ .&Distributions in excess of (less than)   earnings$of unconsolidated affiliates~ ~  ~    ~ ~ ~  ~ N ~  ~  ~ J~ ^ FIXED CHARGES    Interest expense~ B~ V ~  R  ~ ~ *"Interest portion of rental expense~ >~ R ~  >  ~ F~ B-%Amortization of deferred debt expense~ ~ : ~  J  ~ J~ Capitalized interest~ ~  ~     ~ ~ Dl{ocg|iP"H\m2Xl !"#$%&'()*+,-./0123456789:;<=>  ~   ~   ~   ~   ~  *!"RATIO OF EARNINGS TO FIXED CHARGES!!\(\@!! !(A)!!  ! 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To achieve07(a ratio of 1x, additional total earnings/8'of $98 million would have been required.9&for the year ended September 30, 2017.:;$<____________________________1=)Created by Morningstar Document Research.0>(http://documentresearch.morningstar.com/B X6BMo6s? Qsg?=PF0*8X> @c>>==<<998877665533221100//--,,++**))''&&%%$$##!!!!!! !!!!                     l  ?‹ Z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $ } y# ?     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017LIST OF SUBSIDIARIES    Company % Jurisdiction of Incorporation 565 Corporation  Delaware, United States" Adams Drive Totowa, L.L.C. ! New Jersey, United States$ Alera Property Holdings, LLC  Delaware, United States Alera Technologies, Inc.Delaware, United StatesAlix Technologies LLCDelaware, United StatesAlix Technologies, Inc.!New Jersey, United States*"Aloe Vemera, S.P.R de R.L. de C.V.MexicoAmeriNic, Inc.Virginia, United States#Ash (Gibraltar) One Limited Gibraltar Ash (Gibraltar) Two GmbH SwitzerlandAsh B1 LimitedBermudaAsh B2 LimitedBermuda%Ash Global Holding Three GmbH Switzerland$Ash Global Holdings Two B.V. Netherlands ASH GP INC.Delaware, United States)!Ash Junior Global Holding One LLCDelaware, United States)!Ash Junior Global Holding Two LLCDelaware, United States-%Ashland (Changzhou) Advanced Chemical China Co., Ltd..&Ashland (Changzhou) Specialty Chemical ChinaCo.,LtdDt l{ocW3JPgf-n !"#$%&'()*+,-./0123456789:;<=>* "Ashland (China) Holdings Co., Ltd.  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'Spain3(+Ashland Chemical Trading (Shanghai) Company( (China)Limited3*+Ashland Chemicals (Nanjing) Company Limited* *China+Ashland CZ s.r.o.++Czech Republic,Ashland Danmark ApS,,Denmark#-Ashland Eastern Markets LLC--Russia.Ashland Ethanol, Inc...Delaware, United States/Ashland Finance Limited//Bermuda0Ashland Finland Oy00Finland1Ashland France SAS11France(2 Ashland Global Holdings One C.V.22 Netherlands%3Ashland India Private Limited3 3India+4#Ashland Industries Deutschland GmbH44Germany&5Ashland Industries Europe GmbH55 Switzerland%6Ashland Industries France SAS66France(7 Ashland Industries Italia S.r.l.7 7Italy)8!Ashland Industries Nederland B.V.88 Netherlands%9Ashland Industries UK Limited99United Kingdom:;$<____________________________1=)Created by Morningstar Document Research.0>(http://documentresearch.morningstar.com/BP XUJ\It/`$Ad=PF0*8X> @>>==<< l  D %  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (2)LIST OF SUBSIDIARIES (3)U } $4} $ } y# D     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017LIST OF SUBSIDIARIES   * "Ashland International Holdings LLC  Delaware, United States Ashland Italia S.r.l.  Italy Ashland Korea Limited  Korea3 +Ashland Licensing and Intellectual Property  Delaware, United States LLC Ashland LLCKentucky, United States!Ashland ME Holdings, Inc.Delaware, United States( Ashland Mexico Holdings One, LLCDelaware, United States( Ashland Mexico Holdings Two, LLCDelaware, United States-%Ashland Nigeria Exploration UnlimitedNigeria/'Ashland Oil (Nigeria) Company UnlimitedNigeriaAshland Oil, Inc.Kentucky, United States!Ashland Pacific Pty. Ltd. Australia#Ashland Participacoes Ltda.Brazil1)Ashland Pharmachem International HoldingsDelaware, United States LLC( Ashland Polimeros do Brasil S.A.BrazilAshland Services B. V. Netherlands-%Ashland Services Mexico, S.A. de C.V.Mexico#Ashland Singapore Pte. Ltd. Singapore( Ashland Specialties Austria GmbHAustria( Ashland Specialties Belgium BVBABelgiumD l{ocW3ZKEa_ !"#$%&'()*+,-./0123456789:;<=>?+ #Ashland Specialties France S.a.r.l.  France)!!Ashland Specialties Hispania S.L.! !Spain(" Ashland Specialties Holding C.V."" Netherlands-#%Ashland Specialties Poland Sp. z o.o.##Poland&$Ashland Specialties Sverige AB$$Sweden&%Ashland Specialties UK Limited%%United Kingdom-&%Ashland Specialty Chemical Korea Co.,& &Korea 'Ltd.*("Ashland Specialty Ingredients G.P.((Delaware, United States!)Ashland Technologies GmbH))Germany *Ashland-Alaskan, Limited**Alaska, United States++#Ashland-Plasticos De Portugal, Lda.++Portugal,AshLux Four, S.?.r.l.,, Luxembourg-AshLux Three, S.?.r.l.-- Luxembourg'.Ashmont Insurance Company, Inc...Vermont, United States/ AshOne C. V.// Netherlands0Ashprop Two LLC00Delaware, United States1 Avoca, Inc.1%1North Carolina, United States2Avoele, S.A. de C.V.22Mexico3Belleville Realty Corp.33Delaware, United States+4#Bluegrass Insurance Company Limited44Bermuda5Carol Clifton, Inc.5!5New Jersey, United States6CLTA LLC66Delaware, United States$7Corporacion ISP Andina, C.A.77 Venezuela$8Curtis Bay Insurance Co. Ltd88Bermuda9CVG Capital III LLC99Delaware, United States:Dairy Property, LLC: :Wisconsin, United States&;East Bay Realty Services, Inc.;;Delaware, United States%<Ever Success Overseas Limited<<British Virgin Islands=Flavor Property, LLC= =Wisconsin, United States> FRJ, Inc.>>Georgia, United States?D li3x4Q y/Sr)EE@ABC@$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/ <=PF0*8X> @CCBBAA l  D w  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (3)U } mB} $ } U D     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017LIST OF SUBSIDIARIES     Hercofina  Delaware, United States Hercules Holding BV BVBA  Belgium# Hercules Holding II Limited  United Kingdom+ #Hercules Hydrocarbon Holdings, Inc.  Delaware, United States+#Hercules International Limited, LLCDelaware, United StatesHercules Investment ApSDenmark-%Hercules Investments Netherlands B.V. Netherlands$Hercules Islands CorporationAmerican Virgin Islands Hercules LLCDelaware, United States%Hercules Paper Holdings, Inc.Delaware, United States3+Hercules Trading (Shanghai) Company Limited ChinaImprovera USA, LLCDelaware, United States,$International Specialty Holdings LLCDelaware, United States0(International Specialty Products (India) IndiaPrivate Limited0(International Specialty Products FundingDelaware, United States Corporation-%International Specialty Products Inc.Delaware, United States&ISP (Australasia) Pty. Limited Australia)!ISP (Belgium) International N. V.BelgiumISP (Japan) Ltd JapanISP (Puerto Rico) Inc.Delaware, United StatesD l{ocW3_a ovH1: !"#$%&'()*+,-./0123456789:;<=>? ISP (SINGAPORE) PTE LTD   Singapore!ISP (Thailand) Co., Ltd!!Thailand"ISP Alginates Inc.""Delaware, United States#ISP Argentina S.R.L.## Argentina!$ISP Asia Pacific Pte. Ltd$$ Singapore%ISP Bermuda Limited%%Bermuda"&ISP Biochema Schwaben GmbH&&Germany'ISP Canada Corp.''Nova Scotia, Canada(ISP Capital LLC((Delaware, United States)ISP Chemco LLC))Delaware, United States!*ISP Chemical Products LLC**Delaware, United States(+ ISP CHEMICALS (MALAYSIA) SDN.BHD++Malaysia,ISP Chemicals LLC,,Delaware, United States-ISP Colombia Ltda.--Colombia.ISP do Brasil Ltda...Brazil'/ISP Environmental Services Inc.//Delaware, United States(0 ISP France Customer Service SARL00France1ISP France Holding SARL11France!2ISP France Marketing SARL22France(3 ISP Freetown Fine Chemicals Inc.33Delaware, United States"4ISP Freight Services N. V.44Belgium-5%ISP Global Operations (Barbados) Inc.55Barbados?67ISP Global Technologies Deutschland Unterstutzungskasse66Germany 7GmbH$8ISP Global Technologies Inc.88Delaware, United States#9ISP Global Technologies LLC99Delaware, United States:ISP HC Limited::Cyprus ;ISP Holdings (U.K.) Ltd.;;United Kingdom.<&ISP Hungary Holdings Limited Liability<<Hungary=Company0>(ISP Industria e Comercio De Ingredientes>>Brazil-?%e Especialidades para Alimentos Ltda.D@ ly,g"H\=^fVq'@ABC@$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/ <=PF0*8X> @CCBBAA l  0  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??xASHLAND GLOBAL HOLDINGS INCTABLE OF CONTENTS2SPECIALTY INGREDIENTS !17Purchase of Company Common StAshland profileReportable segmentsEBITDA and Adjusted EBITDA!M7Diluted EPS and Adjusted Dilu!Statements of Consolidated Comp!Statements of Consolidated (1)!Statements of Consolidated (2)!Statements of Consolidated (3)!Statements of Consolidated (4)!Statements of Consolidated (5)!Statements of Consolidated (6)!Statements of Consolidated (7)!Statements of Consolidated (8)!Statements of Consolidated (9)!Statements of Consolidated (10)!Statements of Consolidated (11)!Other comprehensive income loss!RESULTS OF OPERATIONS REPORTABL!RESULTS OF OPERATIONS REPOR (1)!RESULTS OF OPERATIONS REPOR (2)!RESULTS OF OPERATIONS REPOR (3)!EBITDA and Adjusted EBITDA recoEBITDA reconciliation!M18EBITDA and Adjusted EBITDA rUnallocated and other LiquidityOperating activities!Operating Activities Operating Investing activitiesFinancing activities!Cash provided by discontinued o!Free cash flow and other liquid!Free cash flow and other li (1)DebtCapital expendituresCapital expenditures (1)!Contractual obligations and oth OUTLOOK!INDEX TO CONSOLIDATED FINANCIAL!F3REPORT OF INDEPENDENT REGISTE!F3REPORT OF INDEPENDENT REG (1)!F3REPORT OF INDEPENDENT REG (2)!F3REPORT OF INDEPENDENT REG (3)!Allowance for doubtful accounts InventoriesInventories (1) Income taxes!F13NOTE A SIGNIFICANT ACCOUNTINF16NOTE B VALVOLINEPurchase price allocation!F18NOTE C ACQUISITIONS continueImpact on operating results!Impact on operating results (1)!F20NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPERATIO!F21NOTE E DISCONTINUED OPER (1)!F22NOTE F FAIR VALUE MEASUREMEN!F23NOTE F FAIR VALUE MEASUREMENRestricted investments!F24NOTE F FAIR VALUE MEASUREMEN!F24NOTE F FAIR VALUE MEASUR (1)Currency hedges!F25NOTE F FAIR VALUE MEASUREMEN!NOTE G PROPERTY PLANT AND EQUIP!NOTE G PROPERTY PLANT AND E (1) GoodwillOther intangible assetsF28NOTE I DEBT continued!Net interest and other financin!Net interest and other fina (1)!F33NOTE J OTHER NONCURRENT ASSE!F33NOTE J OTHER NONCURRENT (1)NOTE K LEASE COMMITMENTS!F34NOTE L INCOME TAXES continue!F34NOTE L INCOME TAXES cont (1)!F35NOTE L INCOME TAXES continue!F36NOTE L INCOME TAXES continue!F38NOTE M EMPLOYEE BENEFIT PLAN!F38NOTE M EMPLOYEE BENEFIT (1)!F38NOTE M EMPLOYEE BENEFIT (2)Obligations and funded status!F40NOTE M EMPLOYEE BENEFIT PLAN Plan assetsPlan assets (1)!F41NOTE M EMPLOYEE BENEFIT PLAN Cash flows!Ashland asbestosrelated litigat!Ashland asbestosrelated liabili!F43NOTE N LITIGATION CLAIMS AND!Hercules asbestosrelated litiga!Hercules asbestosrelated liabil!Hercules asbestosrelated receiv!Environmental remediation and a!F46NOTE N LITIGATION CLAIMS AND!F48NOTE O EQUITY ITEMS continue!F48NOTE O EQUITY ITEMS cont (1)!F49NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE PLANS!F50NOTE P STOCK INCENTIVE P (1)!F51NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE PLANS!F52NOTE P STOCK INCENTIVE P (1)!F52NOTE P STOCK INCENTIVE P (2)!F54NOTE Q REPORTABLE SEGMENT INReportable segment results!F55NOTE Q REPORTABLE SEGMENT IN!F56NOTE Q REPORTABLE SEGMENT IN!F57QUARTERLY FINANCIAL INFORMAT!F57QUARTERLY FINANCIAL INFO (1)NEXT PAGE IS SIGNATURE PAGE 2Exhibit B NO TITLELIST OF SUBSIDIARIESLIST OF SUBSIDIARIES (1)LIST OF SUBSIDIARIES (2)U } U5} $ }  0     #ASHLAND GLOBAL HOLDINGS INC 10-K 11/20/2017LIST OF SUBSIDIARIES    ISP International Corp.  Delaware, United States ISP Investments LLC  Delaware, United States  ISP Lima LLC  Delaware, United States& ISP Luxembourg Canada S.a.r.l.   Luxembourg$ISP Management Company, Inc.Delaware, United States ISP Marl GmbHGermanyISP Marl Holdings GmbHGermany$ISP Microcaps (U.K.) LimitedUnited KingdomISP Pharma Systems LLCDelaware, United States%ISP Real Estate Company, Inc.Delaware, United States!ISP Singapore Holding LLCDelaware, United StatesISP Technologies Inc.Delaware, United StatesISP Technologies LLCDelaware, United States2*Jiangmen Ashland Chemicals Company Limited China1)Pakistan Gum Industries (Private) LimitedPakistan)!Pharmachem Laboratories Utah, LLCUtah, United States%Pharmachem Laboratories, Inc.!New Jersey, United StatesPharmachem VC LLC!New Jersey, United States#Prince Street Paterson, LLC!New Jersey, United StatesProgiven S.A.S.France&Proprietary Nutritionals, Inc.!New Jersey, United StatesPT Ashland Asia IndonesiaD l{ocW3Lq09FFF  !"#$%&'()*+,-./" PT ISP Chemicals Indonesia   Indonesia"!Ralops, S. de R.L. de C.V.!!Mexico4",Saudi Industrial Resins Co. Ltd. (Polyester)"" Saudi Arabia$#SGN Acquisition Company, LLC#!#California, United States#$St Croix Petrochemical Corp$$American Virgin Islands %Taiwan Ashland Co., Ltd.%%Taiwan&Techwax Limited&&United Kingdom"'Vemera, S. de R.L. de C.V.''Mexico( Veratech, LLC(!(New Jersey, United States)White Star Avenue, LLC))Delaware, United States*WSP LLC**Delaware, United States+,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$#,uj(Y=PF0*8X> @//..-- Root Entry FBook    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~