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Accumulated Other Comprehensive Income (Tables)
9 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Changes in Each Component of Accumulated Other Comprehensive Income, Net of Tax

Changes in each component of Accumulated other comprehensive income, net of tax, are as follows:

 

     Currency
Translation
Adjustment
    Unrealized
Gains on
Investments
     Pension and Other
Postretirement
Benefit Liability
Adjustments
    Total  
     (Dollars in millions)  

Balance at September 30, 2013, attributable to Cabot Corporation

   $ 154     $ 2      $ (53   $ 103  

Other comprehensive loss before reclassifications

     (18     —           —          (18

Amounts reclassified from accumulated other comprehensive income

     —          2        1       3  
  

 

 

   

 

 

    

 

 

   

 

 

 

Net other comprehensive items

     (18     2        1       (15
  

 

 

   

 

 

    

 

 

   

 

 

 

Less: Noncontrolling interest

     (2     —           —          (2
  

 

 

   

 

 

    

 

 

   

 

 

 

Balance at June 30, 2014, attributable to Cabot Corporation

   $ 138     $ 4      $ (52   $ 90  
  

 

 

   

 

 

    

 

 

   

 

 

 

 

Amounts Reclassified Out of Accumulated Other Comprehensive Income

The amounts reclassified out of Accumulated other comprehensive income and into the Statement of Operations for the nine months ended June 30, 2014 and 2013 are as follows:

 

          Nine Months Ended June 30  
    

Affected Line Item in the Consolidated

Statements of Operations

   2014     2013  
         

(Dollars in millions)

 

 

Pension and other postretirement benefit liability adjustment

       

Amortization of actuarial losses

  

Net Periodic Benefit Cost - see Note E for details

   $ 3     $ 5  

Amortization of prior service cost

  

Net Periodic Benefit Cost - see Note E for details

     (2     (2
     

 

 

   

 

 

 

Total before tax

        1       3  
     

 

 

   

 

 

 

Tax impact

  

Provision for income taxes

     —         (2
     

 

 

   

 

 

 

Total after tax

      $ 1     $ 1