Ashland Inc. and Consolidated Subsidiaries												Page 5
COMPONENTS OF NET INCOME
(In millions except per share data - preliminary and unaudited)
		Year ended September 30, 2005
					Businesses			Impact of MAP
					Sold and			Transaction
		Ongoing			Interest			and Debt
		Businesses			Eliminated			Repayments			Total
OPERATING INCOME
	APAC	$	48		$			$			$	48
	Ashland Distribution		123									123
	Ashland Specialty Chemical		131			3						134
	Valvoline		89			1						90
	Refining and Marketing		(35)			519						484
	Corporate		(138)									(138)
OPERATING INCOME			218			523						741
	Gain on the MAP Transaction		-						1,287			1,287
	Loss on early retirement of debt		-						(145)			(145)
	Net interest and other financial costs		4			(86)						(82)
INCOME FROM CONTINUING OPERATIONS
	BEFORE INCOME TAXES		222			437			1,142			1,801
	Income taxes		(25)			(171)			382			186
INCOME FROM CONTINUING OPERATIONS			197			266			1,524			1,987
	Results from discontinued operations		(1)									(1)
NET INCOME		$	196		$	266		$	1,524		$	1,986
DILUTED EARNINGS PER SHARE
	Income from continuing operations	$	2.64		$	3.57		$	20.41		$	26.62
	Results from discontinued operations		(0.01)									(0.01)
	Net income	$	2.63		$	3.57		$	20.41		$	26.61