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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Net sales and other operating revenues $ 678 $ 568 $ 1,289 $ 1,171
Cost of sales 509 418 963 922
Gross profit 169 150 326 249
Selling and administrative expenses 65 62 128 133
Research and technical expenses 14 11 26 27
Income (loss) from operations 90 77 172 89
Interest and dividend income 2 2 4 3
Interest expense (13) (14) (26) (27)
Other income (expense) (1) (3) 1 (11)
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies 78 62 151 54
(Provision) benefit for income taxes 1 (11) (16) (6)
Equity in earnings of affiliated companies, net of tax 1 1 3 1
Net income (loss) 80 52 138 49
Net income (loss) attributable to noncontrolling interests, net of tax 6 4 10 8
Net income (loss) attributable to Cabot Corporation $ 74 $ 48 $ 128 $ 41
Weighted-average common shares outstanding:        
Basic 62.4 62.4 62.3 62.4
Diluted 62.8 62.8 62.8 62.9
Earnings per common share:        
Basic $ 1.19 $ 0.76 $ 2.04 $ 0.65
Diluted 1.18 0.76 2.03 0.65
Dividends per common share $ 0.30 $ 0.22 $ 0.60 $ 0.44