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Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Changes in Each Component of AOCI, Net of Tax

Changes in each component of AOCI, 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, 2015, attributable to Cabot

   Corporation

 

$

(239

)

 

$

2

 

 

$

(62

)

 

$

(299

)

Other comprehensive loss before reclassifications

 

 

(47

)

 

 

 

 

 

 

 

 

(47

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

(1

)

 

 

(1

)

Net other comprehensive items

 

 

(286

)

 

 

2

 

 

 

(63

)

 

 

(347

)

Less: Noncontrolling interest

 

 

(3

)

 

 

 

 

 

 

 

 

(3

)

Balance at December 31, 2015, attributable to Cabot

   Corporation

 

$

(283

)

 

$

2

 

 

$

(63

)

 

$

(344

)

Other comprehensive income before reclassifications

 

 

65

 

 

 

 

 

 

 

 

 

65

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Net other comprehensive items

 

 

(218

)

 

 

2

 

 

 

(62

)

 

 

(278

)

Less: Noncontrolling interest

 

 

1

 

 

 

 

 

 

 

 

 

1

 

Balance at March 31, 2016, attributable to Cabot

   Corporation

 

$

(219

)

 

$

2

 

 

$

(62

)

 

$

(279

)

Other comprehensive loss before reclassifications

 

 

(13

)

 

 

 

 

 

 

 

 

(13

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

(1

)

 

 

(1

)

Net other comprehensive items

 

 

(232

)

 

 

2

 

 

 

(63

)

 

 

(293

)

Less: Noncontrolling interest

 

 

(3

)

 

 

 

 

 

 

 

 

(3

)

Balance at June 30, 2016, attributable to Cabot

   Corporation

 

$

(229

)

 

$

2

 

 

$

(63

)

 

$

(290

)

 

Amounts Reclassified Out of AOCI

The amounts reclassified out of AOCI and into the Consolidated Statements of Operations in the three months and nine months ended June 30, 2016 and 2015 are as follows:

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

Affected Line Item in the Consolidated

 

June 30,

 

 

June 30,

 

 

 

Statements of Operations

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

 

 

(Dollars in millions)

 

Pension and other postretirement

   benefit liability adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of actuarial losses

 

Net Periodic Benefit Cost - see

   Note C for details

 

$

 

 

$

1

 

 

$

2

 

 

$

3

 

Amortization of prior service credit

 

Net Periodic Benefit Cost - see

   Note C for details

 

 

(1

)

 

 

(1

)

 

 

(3

)

 

 

(2

)

Settlement and curtailment (credit)

   cost

 

Net Periodic Benefit Cost - see

   Note C for details

 

 

 

 

 

 

 

 

(1

)

 

 

27

 

Total before tax

 

 

 

 

(1

)

 

 

 

 

 

(2

)

 

 

28

 

Tax impact

 

Provision (benefit) for income

   taxes

 

 

 

 

 

 

 

 

1

 

 

 

(6

)

Total after tax

 

 

 

$

(1

)

 

$

 

 

$

(1

)

 

$

22