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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Net sales and other operating revenues $ 3,242 $ 2,717 $ 2,411
Cost of sales 2,461 2,054 1,836
Gross profit 781 663 575
Selling and administrative expenses 305 260 275
Research and technical expenses 66 56 53
Long-lived assets impairment charge (Note F) 162   23
Goodwill impairment charge (Note F) [1] 92    
Income (loss) from operations 156 347 247
Interest and dividend income 10 9 5
Interest expense (54) (53) (54)
Other income (expense) 5 (4) (7)
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies 117 299 191
(Provision) benefit for income taxes (193) (33) (33)
Equity in earnings of affiliated companies, net of tax 2 7 3
Income (loss) from continuing operations (74) 273 161
Income (loss) from discontinued operations, net of tax of $—, $— and $1     1
Net income (loss) (74) 273 162
Net income (loss) attributable to noncontrolling interests, net of tax of $10, $6 and $4 39 25 15
Net income (loss) attributable to Cabot Corporation $ (113) $ 248 $ 147
Weighted-average common shares outstanding:      
Basic 61.7 62.3 62.4
Diluted 61.7 62.7 62.9
Basic:      
Income (loss) from continuing operations attributable to Cabot Corporation $ (1.85) $ 3.94 $ 2.32
Income (loss) from discontinued operations     0.02
Net income (loss) attributable to Cabot Corporation (1.85) 3.94 2.34
Diluted:      
Income (loss) from continuing operations attributable to Cabot Corporation (1.85) 3.91 2.30
Income (loss) from discontinued operations     0.02
Net income (loss) attributable to Cabot Corporation (1.85) 3.91 2.32
Dividends per common share $ 1.29 $ 1.23 $ 1.04
Purification Solutions [Member]      
Long-lived assets impairment charge (Note F) $ 162    
Goodwill impairment charge (Note F) [1] $ 92    
[1] Refer to Note F for details on the Purification Solutions goodwill impairment test and the resulting impairment charge recorded in the second fiscal quarter of 2018. Based on the Company’s most recent annual goodwill impairment test performed as of May 31, 2018, the fair values of the Reinforcement Materials, Fumed Metal Oxides, and Specialty Compounds reporting units were substantially in excess of their carrying values.