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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Sep. 30, 2018
Stockholders Equity Note [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note P. Accumulated Other Comprehensive Income (Loss)

Changes in each component of AOCI, net of tax, are as follows for fiscal 2017 and 2018:

 

 

 

Currency

Translation

Adjustment

 

 

Unrealized

Gains on

Investment

 

 

Pension and Other

Postretirement

Benefit Liability

Adjustment

 

 

Total

 

 

 

(In millions)

 

Balance at September 30, 2016 attributable to

   Cabot Corporation

 

$

(227

)

 

$

2

 

 

$

(100

)

 

$

(325

)

Other comprehensive income (loss)

 

 

25

 

 

 

—

 

 

 

41

 

 

 

66

 

Amounts reclassified from AOCI

 

 

—

 

 

 

—

 

 

 

2

 

 

 

2

 

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

2

 

 

 

—

 

 

 

—

 

 

 

2

 

Balance at September 30, 2017 attributable to

   Cabot Corporation

 

 

(204

)

 

 

2

 

 

 

(57

)

 

 

(259

)

Other comprehensive income (loss) before reclassifications

 

 

(64

)

 

 

(1

)

 

 

6

 

 

 

(59

)

Amounts reclassified from AOCI

 

 

(2

)

 

 

—

 

 

 

(1

)

 

 

(3

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

(4

)

 

 

—

 

 

 

—

 

 

 

(4

)

Balance at September 30, 2018 attributable to

   Cabot Corporation

 

$

(266

)

 

$

1

 

 

$

(52

)

 

$

(317

)

 

The amounts reclassified out of AOCI and into the Consolidated Statements of Operations for the fiscal years ended September 30, 2018, 2017 and 2016 are as follows:

 

 

 

Affected Line Item in the Consolidated

 

Years Ended September 30

 

 

 

Statements of Operations

 

2018

 

 

2017

 

 

2016

 

 

 

 

 

(In Millions)

 

Derivatives: net investment hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Gains) losses reclassified to interest

   expense

 

Interest expense

 

$

(5

)

 

$

—

 

 

$

—

 

(Gains) losses excluded from effectiveness

   testing and amortized to interest expense

 

Interest expense

 

 

2

 

 

 

—

 

 

 

—

 

Pension and other postretirement benefit

   liability adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of actuarial losses (gains)

 

Net Periodic Benefit Cost - see

Note M for details

 

 

2

 

 

 

5

 

 

 

3

 

Amortization of prior service (credit) cost

 

Net Periodic Benefit Cost - see

Note M for details

 

 

(3

)

 

 

(3

)

 

 

(3

)

Total before tax

 

 

 

 

(4

)

 

 

2

 

 

 

—

 

Tax impact

 

Provision (benefit) for income taxes

 

 

1

 

 

 

—

 

 

 

—

 

Total after tax

 

 

 

$

(3

)

 

$

2

 

 

$

—