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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Net sales and other operating revenues $ 1,092 $ 842 $ 2,060 $ 1,588
Cost of sales 860 628 1,630 1,181
Gross profit 232 214 430 407
Selling and administrative expenses 74 71 145 132
Research and technical expenses 14 15 27 29
Loss on sale of business and asset impairment charge (Note D) 7   204  
Gain on bargain purchase of a business (Note C) (24)   (24)  
Income (loss) from operations 161 128 78 246
Interest and dividend income 4 2 7 4
Interest expense (11) (13) (23) (25)
Other income (expense) (7) 1 (8) (8)
Income (loss) before income taxes and equity in earnings of affiliated companies 147 118 54 217
(Provision) benefit for income taxes (36) (34) (24) (63)
Equity in earnings of affiliated companies, net of tax 3 1 4 1
Net income (loss) 114 85 34 155
Net income (loss) attributable to noncontrolling interests, net of tax 7 10 16 20
Net income (loss) attributable to Cabot Corporation $ 107 $ 75 $ 18 $ 135
Weighted-average common shares outstanding:        
Basic 56.6 56.6 56.5 56.6
Diluted 57.1 56.7 56.9 56.7
Earnings (loss) per common share:        
Basic $ 1.86 $ 1.31 $ 0.30 $ 2.37
Diluted $ 1.84 $ 1.30 $ 0.30 $ 2.36