Stockholders' Equity

3 Months Ended

Dec. 31, 2012

Stockholders' Equity

G. Stockholders’ Equity

In fiscal 2007, the Board of Directors authorized Cabot to repurchase up to ten million shares of Cabot’s common stock in the open market or in privately negotiated transactions. This authorization does not have a set expiration date. There were no shares repurchased during first quarter of fiscal 2013. During the first quarter of fiscal 2012, Cabot repurchased 934,265 shares of its common stock under this authorization for an aggregate purchase price of $30 million. As of December 31, 2012, approximately 1.6 million shares remain available for repurchase under the current authorization.

During the first quarter of fiscal 2013 and 2012, Cabot paid cash dividends of $0.20 and $0.18 per share of common stock for the total of $13 million and $12 million, respectively.

Noncontrolling interests

The following table illustrates the noncontrolling interests activity for the periods presented:

	2012		2011
	(Dollars in millions)
Balance at September 30	$	126	$	129
Net income attributable to noncontrolling interests, net of tax		4		5
Noncontrolling interests foreign currency translation adjustment		1		(2	)
Contribution from noncontrolling interests		—		4
Balance at December 31	$	131	$	136