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Restructuring (Tables)
3 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Recorded Restructuring Activities

Cabot’s restructuring activities were recorded in the Consolidated Statements of Operations for the three months ended December 31, 2023 and 2022 as follows:

 

 

 

Three Months Ended December 31

 

 

 

2023

 

 

2022

 

 

 

(In millions)

 

Cost of sales

 

$

9

 

 

$

 

Total

 

$

9

 

 

$

 

 

Restructuring Activities and Related Reserves

Details of all restructuring activities and the related reserves during the three months ended December 31, 2023 were as follows:

 

 

 

Severance
and Employee
Benefits

 

 

Accelerated Depreciation on Assets

 

 

Total

 

 

 

(In millions)

 

Reserve at September 30, 2023

 

$

 

 

$

 

 

$

 

Charges

 

 

3

 

 

 

6

 

 

 

9

 

Cost charged against assets

 

 

 

 

 

(6

)

 

 

(6

)

Cash paid

 

 

(1

)

 

 

 

 

 

(1

)

Reserve at December 31, 2023

 

$

2

 

 

$

 

 

$

2