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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales and other operating revenues $ 968 $ 1,149 $ 2,966 $ 3,209
Cost of sales 745 914 2,352 2,544
Gross profit 223 235 614 665
Selling and administrative expenses 58 51 184 196
Research and technical expenses 15 14 43 41
Loss on sale of business and asset impairment charge (Note D)   2 3 206
Gain on bargain purchase of a business (Note C)       (24)
Income (loss) from operations 150 168 384 246
Interest and dividend income 7   22 7
Interest expense (24) (15) (69) (38)
Other income (expense) (3) (1) (13) (9)
Income (loss) before income taxes and equity in earnings of affiliated companies 130 152 324 206
(Provision) benefit for income taxes (41) (49) (90) (73)
Equity in earnings of affiliated companies, net of tax 1 3 4 7
Net income (loss) 90 106 238 140
Net income (loss) attributable to noncontrolling interests, net of tax 8 9 27 25
Net income (loss) attributable to Cabot Corporation $ 82 $ 97 $ 211 $ 115
Weighted-average common shares outstanding:        
Basic 56.1 56.3 56.2 56.5
Diluted 56.5 56.8 56.7 56.9
Earnings (loss) per common share:        
Basic $ 1.44 $ 1.70 $ 3.68 $ 2.00
Diluted $ 1.43 $ 1.69 $ 3.65 $ 1.99