Unaudited Quarterly Financial Information

12 Months Ended

Sep. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Information

Note U. Unaudited Quarterly Financial Information

Unaudited financial results by quarter for fiscal 2013 and 2012 are summarized below:

	Quarter Ended
	December			March			June			September			Year
	(Dollars in millions, except per share amounts)
Fiscal 2013
Consolidated Net Income
Net sales and other operating revenues	$	820		$	842		$	903		$	898		$	3,463
Gross profit		147			144			177			168			636
Selling and administrative expenses		73			77			73			76			299
Research and technical expenses		19			18			18			19			74
Income from operations		55			49			86			73			263
Net interest expense and other charges		(14	)		(13	)		(13	)		(18	)		(58	)
Income from continuing operations before income taxes and equity in earnings of affiliated companies		41			36			73			55			205
Provision for income taxes		(19	)		(16	)		(16	)		(7	)		(58	)
Equity in earnings of affiliated companies, net of tax		3			3			3			2			11
Income from discontinued operations, net of tax		(1	)		—			2			1			2
Net income		24			23			62			51			160
Net income attributable to noncontrolling interests, net of tax		4			(4	)		3			4			7
Net income attributable to Cabot Corporation	$	20		$	27		$	59		$	47		$	153
Income per share—basic:
Income from continuing operations	$	0.33		$	0.43		$	0.86		$	0.72		$	2.34
Income from discontinued operations		(0.02	)		—			0.04			0.02			0.04
Net income attributable to Cabot Corporation	$	0.31		$	0.43		$	0.90		$	0.74		$	2.38
Income per share—diluted:
Income from continuing operations	$	0.33		$	0.42		$	0.86		$	0.71		$	2.32
Income from discontinued operations		(0.02	)		—			0.04			0.02			0.04
Net income attributable to Cabot Corporation	$	0.31		$	0.42		$	0.90		$	0.73		$	2.36

	Quarter Ended
	December			March			June			September			Year
	(Dollars in millions, except per share amounts)
Fiscal 2012
Consolidated Net Income
Net sales and other operating revenues	$	762		$	844		$	846		$	848		$	3,300
Gross profit		143			173			175			157			648
Selling and administrative expenses		65			66			68			86			285
Research and technical expenses		17			20			17			19			73
Income from operations		61			87			90			52			290
Net interest expense and other charges		(6	)		(11	)		(12	)		(16	)		(45	)
Income from continuing operations before taxes and equity earnings of affiliated companies		55			76			78			36			245
Provision for income taxes		(16	)		(23	)		(16	)		—			(55	)
Equity in earnings of affiliated companies		1			3			4			3			11
Income from discontinued operations, net of tax		11			189			4			1			205
Net income		51			245			70			40			406
Net income attributable to noncontrolling interests, net of tax		5			5			4			4			18
Net income attributable to Cabot Corporation	$	46		$	240		$	66		$	36		$	388
Income per share—basic:
Income from continuing operations	$	0.55		$	0.80		$	0.97		$	0.55		$	2.87
Income from discontinued operations		0.17			2.94			0.07			0.02			3.20
Net income attributable to Cabot Corporation	$	0.72		$	3.74		$	1.04		$	0.57		$	6.07
Income per share—diluted:
Income from continuing operations	$	0.55		$	0.78		$	0.96		$	0.54		$	2.83
Income from discontinued operations		0.16			2.92			0.06			0.02			3.16
Net income attributable to Cabot Corporation	$	0.71		$	3.70		$	1.02		$	0.56		$	5.99