Stockholders' Equity

75 Months Ended

Dec. 31, 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 did not have a set expiration date. During the first quarter of fiscal 2015, Cabot repurchased 925,700 shares of its common stock under this authorization. As of December 31, 2014, less than 1 million shares remained available for repurchase under that authorization.

In January 2015, the Board of Directors authorized Cabot to repurchase up to five million shares of the Company’s common stock in the open market or in privately negotiated transactions and cancelled the previous authorization.

During the first quarter of fiscal 2015, Cabot paid cash dividends of $0.22 per share of common stock for a total of $14 million. During the first quarter of fiscal 2014, Cabot paid cash dividends of $0.20 per share of common stock for a total of $13 million.

Noncontrolling interests

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

	2014			2013
	(Dollars in millions)
Balance at September 30	$	122		$	132
Net income attributable to noncontrolling interests		4			6
Noncontrolling interest foreign currency translation adjustment		(2	)		(1	)
Noncontrolling interest dividends		—			(6	)
Balance at December 31	$	124		$	131