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Unaudited Quarterly Financial Information (Tables)
 12 Months Ended
Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Unaudited financial results by quarter for fiscal 2016 and 2015 are summarized below:

 

 

 

Quarter Ended

 

 

 

 

 

 

 

December

 

 

March

 

 

June

 

 

September

 

 

Year

 

 

 

(Dollars in millions, except per share amounts)

 

Fiscal 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales and other operating revenues

 

$

603

 

 

$

568

 

 

$

621

 

 

$

619

 

 

$

2,411

 

Gross profit

 

 

99

 

 

 

150

 

 

 

160

 

 

 

169

 

 

 

578

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

Net income (loss)

 

 

(3

)

 

 

52

 

 

 

60

 

 

 

55

 

 

 

164

 

Net income (loss) attributable to Cabot Corporation

 

 

(7

)

 

 

48

 

 

 

56

 

 

 

52

 

 

 

149

 

Income per share—basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.11

)

 

$

0.76

 

 

$

0.90

 

 

$

0.81

 

 

$

2.36

 

Income from discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.02

 

 

 

0.02

 

Net income (loss) attributable to Cabot Corporation

 

$

(0.11

)

 

$

0.76

 

 

$

0.90

 

 

$

0.83

 

 

$

2.38

 

Income per share—diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.11

)

 

$

0.76

 

 

$

0.88

 

 

$

0.81

 

 

$

2.34

 

Income (loss) from discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.02

 

 

 

0.02

 

Net income (loss) attributable to Cabot Corporation

 

$

(0.11

)

 

$

0.76

 

 

$

0.88

 

 

$

0.83

 

 

$

2.36

 

 

 

 

Quarter Ended

 

 

 

 

 

 

 

December

 

 

March

 

 

June

 

 

September

 

 

Year

 

 

 

(Dollars in millions, except per share amounts)

 

Fiscal 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales and other operating revenues

 

$

812

 

 

$

694

 

 

$

694

 

 

$

671

 

 

$

2,871

 

Gross profit

 

 

157

 

 

 

139

 

 

 

150

 

 

 

139

 

 

 

585

 

Purification Solutions long-lived assets impairment charge

 

 

—

 

 

 

—

 

 

 

209

 

 

 

1

 

 

 

210

 

Purification Solutions goodwill impairment charge

 

 

—

 

 

 

—

 

 

 

353

 

 

 

(1

)

 

 

352

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

 

 

2

 

Net income (loss)

 

 

49

 

 

 

27

 

 

 

(443

)

 

 

41

 

 

 

(326

)

Net income (loss) attributable to Cabot Corporation

 

 

45

 

 

 

26

 

 

 

(445

)

 

 

40

 

 

 

(334

)

Income per share—basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

0.70

 

 

$

0.41

 

 

$

(7.05

)

 

$

0.63

 

 

$

(5.29

)

Income from discontinued operations

 

 

—

 

 

 

—

 

 

 

0.01

 

 

 

0.01

 

 

 

0.02

 

Net income (loss) attributable to Cabot Corporation

 

$

0.70

 

 

$

0.41

 

 

$

(7.04

)

 

$

0.64

 

 

$

(5.27

)

Income per share—diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

0.69

 

 

$

0.41

 

 

$

(7.05

)

 

$

0.62

 

 

$

(5.29

)

Income (loss) from discontinued operations

 

 

—

 

 

 

—

 

 

 

0.01

 

 

 

0.01

 

 

 

0.02

 

Net income (loss) attributable to Cabot Corporation

 

$

0.69

 

 

$

0.41

 

 

$

(7.04

)

 

$

0.63

 

 

$

(5.27

)