On April 25, 2017, Ashland Global Holdings Inc. (Ashland)
announced preliminary second quarter results, which are discussed
in more detail in the news release (the News Release) attached to
this Current Report on Form 8-K (Form 8-K) as Exhibit 99.1, which
is incorporated herein by reference into this Item 2.02.

Item 7.01. Regulation FD Disclosure

On April 25, 2017, Ashland will make available the News Release,
a slide presentation and prepared remarks on the Investor Center
section of Ashlands website located at
http://investor.ashland.com. A copy of the slide presentation and
the prepared remarks are attached to this Form 8-K as Exhibits
99.2 and 99.3, respectively, and are incorporated herein by
reference solely for purposes of this Item 7.01 disclosure.

Item 8.01. Other Events

On April 25, 2017, Ashland announced that its board of directors
has approved the distribution of all its remaining interest in
Valvoline Inc. to Ashland stockholders and has determined the
approximate distribution ratio, record date and distribution date
for the final separation. A copy of the news release is attached
to this Form 8-K as Exhibit 99.4.

Item 9.01. Financial Statements and Exhibits

In connection with the disclosures set forth in Items 2.02, 7.01
and 8.01 above, the information in this Form 8-K, including the
exhibits attached hereto, is being furnished and shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of such section. The information in
this Form 8-K, including the exhibits, shall not be incorporated
by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, regardless of any incorporation by
reference language in any such filing. This Form 8-K will not be
deemed an admission as to the materiality of any information in
this Form 8-K that is required to be disclosed solely by
Regulation FD.