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Earnings Per Share - Components of Basic and Diluted Earnings (Loss) Per Common Share (EPS) (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Basic EPS:        
Net income (loss) attributable to Cabot Corporation $ 75 $ (1) $ 135 $ 40
Less: Undistributed earnings allocated to participating securities 1   1  
Earnings (loss) allocated to common shareholders (numerator) $ 74 $ (1) $ 134 $ 40
Weighted average common shares and participating securities outstanding 57.4 57.3 57.3 57.5
Less: Participating securities 0.8 0.7 0.7 0.8
Adjusted weighted average common shares (denominator) 56.6 56.6 56.6 56.7
Earnings (loss) per common share - basic: $ 1.31 $ (0.01) $ 2.37 $ 0.70
Diluted EPS:        
Earnings (loss) allocated to common shareholders $ 74 $ (1) $ 134 $ 40
Plus: Earnings allocated to participating securities 1   1  
Less: Adjusted earnings allocated to participating securities 1   1  
Earnings (loss) allocated to common shareholders (numerator) $ 74 $ (1) $ 134 $ 40
Adjusted weighted average common shares outstanding 56.6 56.6 56.6 56.7
Common shares issuable 0.1   0.1 0.1
Adjusted weighted average common shares (denominator) 56.7 56.6 56.7 56.8
Earnings (loss) per common share - diluted: $ 1.30 $ (0.01) $ 2.36 $ 0.70