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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Net sales and other operating revenues $ 1,033 $ 1,092 $ 1,998 $ 2,060
Cost of sales 823 860 1,607 1,630
Gross profit 210 232 391 430
Selling and administrative expenses 66 74 126 145
Research and technical expenses 15 14 28 27
Loss on sale of business and asset impairment charge (Note D)   7 3 204
Gain on bargain purchase of a business (Note C)   (24)   (24)
Income (loss) from operations 129 161 234 78
Interest and dividend income 9 4 15 7
Interest expense (23) (11) (45) (23)
Other income (expense) (5) (7) (10) (8)
Income (loss) before income taxes and equity in earnings of affiliated companies 110 147 194 54
(Provision) benefit for income taxes (29) (36) (49) (24)
Equity in earnings of affiliated companies, net of tax 1 3 3 4
Net income (loss) 82 114 148 34
Net income (loss) attributable to noncontrolling interests, net of tax 7 7 19 16
Net income (loss) attributable to Cabot Corporation $ 75 $ 107 $ 129 $ 18
Weighted-average common shares outstanding:        
Basic 56.3 56.6 56.3 56.5
Diluted 56.8 57.1 56.7 56.9
Earnings (loss) per common share:        
Basic $ 1.31 $ 1.86 $ 2.24 $ 0.30
Diluted $ 1.29 $ 1.84 $ 2.23 $ 0.30