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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Jun. 30, 2018
Stockholders Equity Note [Abstract]  
Accumulated Other Comprehensive Income (Loss)

H. Accumulated Other Comprehensive Income (Loss)

Comprehensive income combines net income (loss) and other comprehensive income items, which are reported as components of stockholders’ equity in the accompanying Consolidated Balance Sheets.

Changes in each component of AOCI, net of tax, were as follows:

 

 

 

Currency

Translation

Adjustment

 

 

Unrealized

Gains on

Investments

 

 

Pension and Other

Postretirement

Benefit Liability

Adjustments

 

 

Total

 

 

 

(In millions)

 

Balance at September 30, 2017, attributable to Cabot Corporation

 

$

(204

)

 

$

2

 

 

$

(57

)

 

$

(259

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

(1

)

 

 

 

 

 

 

 

 

(1

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

3

 

 

 

 

 

 

 

 

 

3

 

Balance at December 31, 2017, attributable to Cabot Corporation

 

 

(208

)

 

 

2

 

 

 

(57

)

 

 

(263

)

Other comprehensive income (loss) before reclassifications

 

 

59

 

 

 

 

 

 

 

 

 

59

 

Amounts reclassified from AOCI

 

 

(1

)

 

 

 

 

 

 

 

 

(1

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Balance at March 31, 2018, attributable to Cabot Corporation

 

 

(154

)

 

 

2

 

 

 

(57

)

 

 

(209

)

Other comprehensive income (loss) before reclassifications

 

 

(109

)

 

 

(1

)

 

 

 

 

 

(110

)

Amounts reclassified from AOCI

 

 

(1

)

 

 

 

 

 

 

 

 

(1

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

(7

)

 

 

 

 

 

 

 

 

(7

)

Balance at June 30, 2018, attributable to Cabot Corporation

 

$

(257

)

 

$

1

 

 

$

(57

)

 

$

(313

)

 

The amounts reclassified out of AOCI and into the Consolidated Statements of Operations in the three and nine months ended June 30, 2018 and 2017 were as follows:

 

 

 

Affected Line Item in the Consolidated

 

Three Months Ended June 30

 

 

Nine Months Ended June 30

 

 

 

Statements of Operations

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

(In millions)

 

Derivatives: net investment hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Gains) losses reclassified to interest

   expense

 

Interest expense

 

$

(2

)

 

$

 

 

$

(4

)

 

$

 

Pension and other postretirement

   benefit liability adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of actuarial losses

 

Net Periodic Benefit Cost - see

   Note D for details

 

 

1

 

 

 

1

 

 

 

2

 

 

 

4

 

Amortization of prior service credit

 

Net Periodic Benefit Cost - see

   Note D for details

 

 

(1

)

 

 

(1

)

 

 

(2

)

 

 

(2

)

Total before tax

 

 

 

 

(2

)

 

 

 

 

 

(4

)

 

 

2

 

Tax impact

 

Provision (benefit) for income

   taxes

 

 

1

 

 

 

 

 

 

1

 

 

 

 

Total after tax

 

 

 

$

(1

)

 

$

 

 

$

(3

)

 

$

2