Stockholders' Equity

9 Months Ended

Jun. 30, 2014

Equity [Abstract]

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. During the first nine months of both fiscal 2014 and 2013, Cabot repurchased 379 shares of its common stock under this authorization. As of June 30, 2014, approximately 1.6 million shares remain available for repurchase under the current authorization.

During the nine months ended June 30 of both fiscal 2014 and 2013, Cabot paid cash dividends to common stockholders of $40 million and $39 million, respectively.

Noncontrolling interests

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

	2014			2013
	(Dollars in millions)
Balance at September 30	$	132		$	126
Net income attributable to noncontrolling interests		14			3
Noncontrolling interest foreign currency translation adjustment		(2	)		1
Contribution from noncontrolling interests		—			13
Noncontrolling interest dividends		(25	)		(17	)
Balance at June 30	$	119		$	126