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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Net sales and other operating revenues $ 2,411 $ 2,871 $ 3,647
Cost of sales 1,833 2,286 2,926
Gross profit 578 585 721
Selling and administrative expenses 275 282 326
Research and technical expenses 53 58 60
Long-lived assets impairment charge (Note G) 23 210  
Goodwill impairment charge (Note G)   352  
Income (loss) from operations 250 (317) 335
Interest and dividend income 5 4 3
Interest expense (54) (53) (55)
Other income (expense) (7) (11) 25
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies 194 (377) 308
(Provision) benefit for income taxes (34) 45 (92)
Equity in earnings of affiliated companies, net of tax 3 4  
Income (loss) from continuing operations 163 (328) 216
Income (loss) from discontinued operations, net of tax of $1, $— and $2 1 2 2
Net income (loss) 164 (326) 218
Net income attributable to noncontrolling interests, net of tax of $4, $5 and $5 15 8 19
Net income (loss) attributable to Cabot Corporation $ 149 $ (334) $ 199
Weighted-average common shares outstanding, in millions:      
Basic 62.4 63.4 64.4
Diluted 62.9 63.4 65.1
Basic:      
Income (loss) from continuing operations attributable to Cabot Corporation $ 2.36 $ (5.29) $ 3.04
Income (loss) from discontinued operations 0.02 0.02 0.02
Net income (loss) attributable to Cabot Corporation 2.38 (5.27) 3.06
Diluted:      
Income (loss) from continuing operations attributable to Cabot Corporation 2.34 (5.29) 3.01
Income (loss) from discontinued operations 0.02 0.02 0.02
Net income (loss) attributable to Cabot Corporation 2.36 (5.27) 3.03
Dividends per common share $ 1.04 $ 0.88 $ 0.84
Purification Solutions [Member]      
Long-lived assets impairment charge (Note G)   $ 210  
Goodwill impairment charge (Note G)   $ 352