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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales and other operating revenues $ 854 $ 705 $ 2,392 $ 1,994
Cost of sales 654 544 1,824 1,505
Gross profit 200 161 568 489
Selling and administrative expenses 74 63 221 191
Research and technical expenses 17 14 48 40
Long-lived assets impairment (Note E)     162  
Goodwill impairment (Note E)     92  
Income (loss) from operations 109 84 45 258
Interest and dividend income 2 3 8 7
Interest expense (14) (13) (41) (39)
Other income (expense) (2) (6) 4 (5)
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies 95 68 16 221
(Provision) benefit for income taxes 4 (16) (194) (33)
Equity in earnings of affiliated companies, net of tax   3 2 6
Net income (loss) 99 55 (176) 194
Net income (loss) attributable to noncontrolling interests, net of tax 11 8 31 18
Net income (loss) attributable to Cabot Corporation $ 88 $ 47 $ (207) $ 176
Weighted-average common shares outstanding:        
Basic 61.8 62.4 61.8 62.3
Diluted 62.3 62.7 61.8 62.8
Earnings per common share:        
Basic $ 1.41 $ 0.73 $ (3.36) $ 2.79
Diluted 1.40 0.73 (3.36) 2.78
Dividends per common share $ 0.33 $ 0.315 $ 0.96 $ 0.915
Purification Solutions [Member]        
Long-lived assets impairment (Note E)     $ 162  
Goodwill impairment (Note E)     $ 92