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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Changes in Each Component of AOCI, Net of Tax

Changes in each component of AOCI, net of tax, are as follows for fiscal 2018 and 2019:

 

 

 

Currency

Translation

Adjustment

 

 

Unrealized

Gains on

Investment

 

 

Pension and Other

Postretirement

Benefit Liability

Adjustment

 

 

Total

 

 

 

(In millions)

 

Balance at September 30, 2017 attributable to

   Cabot Corporation

 

$

(204

)

 

$

2

 

 

$

(57

)

 

$

(259

)

Other comprehensive income (loss) before reclassifications

 

 

(64

)

 

 

(1

)

 

 

6

 

 

 

(59

)

Amounts reclassified from AOCI

 

 

(2

)

 

 

—

 

 

 

(1

)

 

 

(3

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

(4

)

 

 

—

 

 

 

—

 

 

 

(4

)

Balance at September 30, 2018 attributable to

   Cabot Corporation

 

 

(266

)

 

 

1

 

 

 

(52

)

 

 

(317

)

Other comprehensive income (loss) before reclassifications

 

 

(69

)

 

 

—

 

 

 

4

 

 

 

(65

)

Amounts reclassified from AOCI

 

 

(9

)

 

 

—

 

 

 

(6

)

 

 

(15

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

(6

)

 

 

—

 

 

 

—

 

 

 

(6

)

Balance at September 30, 2019 attributable to

   Cabot Corporation

 

$

(338

)

 

$

1

 

 

$

(54

)

 

$

(391

)
Amounts Reclassified Out of AOCI

The amounts reclassified out of AOCI and into the Consolidated Statements of Operations for the fiscal years ended September 30, 2019, 2018 and 2017 are as follows:

 

 

 

Affected Line Item in the Consolidated

 

Years Ended September 30

 

 

 

Statements of Operations

 

2019

 

 

2018

 

 

2017

 

 

 

 

 

(In Millions)

 

Derivatives: net investment hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Gains) losses reclassified to interest

   expense

 

Interest expense

 

$

(5

)

 

$

(5

)

 

$

—

 

(Gains) losses excluded from effectiveness

   testing and amortized to interest expense

 

Interest expense

 

 

1

 

 

 

2

 

 

 

—

 

Pension and other postretirement benefit

   liability adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of actuarial losses

 

Net Periodic Benefit Cost - see

Note N for details

 

 

1

 

 

 

2

 

 

 

5

 

Amortization of prior service cost (credit)

 

Net Periodic Benefit Cost - see

Note N for details

 

 

—

 

 

 

(3

)

 

 

(3

)

Settlement and curtailment gain

 

Net Periodic Benefit Cost - see

Note N for details

 

 

(7

)

 

 

—

 

 

 

—

 

Specialty Fluids divestiture

 

Specialty Fluids loss on sale and asset impairment - see Note D for details

 

 

(3

)

 

 

—

 

 

 

—

 

Total before tax

 

 

 

 

(13

)

 

 

(4

)

 

 

2

 

Tax impact

 

Provision (benefit) for income taxes

 

 

(2

)

 

 

1

 

 

 

—

 

Total after tax

 

 

 

$

(15

)

 

$

(3

)

 

$

2