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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales and other operating revenues $ 917 $ 518 $ 2,505 $ 1,955
Cost of sales 703 449 1,884 1,592
Gross profit 214 69 621 363
Selling and administrative expenses 68 52 200 230
Research and technical expenses 12 13 41 41
Specialty Fluids loss on sale and asset impairment charge       1
Income (loss) from operations 134 4 380 91
Interest and dividend income 2 1 6 7
Interest expense (12) (13) (37) (41)
Other income (expense) (1) (3) (9) (6)
Income (loss) before income taxes and equity in earnings of affiliated companies 123 (11) 340 51
(Provision) benefit for income taxes (30) 5 (93) (9)
Equity in earnings of affiliated companies, net of tax 2 1 3 2
Net income (loss) 95 (5) 250 44
Net income (loss) attributable to noncontrolling interests, net of tax 9 1 29 10
Net income (loss) attributable to Cabot Corporation $ 86 $ (6) $ 221 $ 34
Weighted-average common shares outstanding:        
Basic 56.7 56.5 56.7 56.7
Diluted 57.0 56.5 56.8 56.7
Earnings (loss) per common share:        
Basic $ 1.48 $ (0.12) $ 3.85 $ 0.59
Diluted $ 1.48 $ (0.12) $ 3.84 $ 0.59