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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales and other operating revenues $ 518 $ 845 $ 1,955 $ 2,510
Cost of sales 449 675 1,592 1,996
Gross profit 69 170 363 514
Selling and administrative expenses 52 65 230 208
Research and technical expenses 13 16 41 47
Specialty Fluids loss on sale and asset impairment   8 1 28
Income (loss) from operations 4 81 91 231
Interest and dividend income 1 2 7 6
Interest expense (13) (14) (41) (43)
Other income (expense) (3)   (6) (6)
Income (loss) before income taxes and equity in earnings of affiliated companies (11) 69 51 188
(Provision) benefit for income taxes 5 (30) (9) (43)
Equity in earnings of affiliated companies, net of tax 1 1 2 1
Net income (loss) (5) 40 44 146
Net income (loss) attributable to noncontrolling interests, net of tax 1 8 10 22
Net income (loss) attributable to Cabot Corporation $ (6) $ 32 $ 34 $ 124
Weighted-average common shares outstanding:        
Basic 56.5 58.2 56.7 59.1
Diluted 56.5 58.4 56.7 59.2
Earnings (loss) per common share:        
Basic $ (0.12) $ 0.55 $ 0.59 $ 2.08
Diluted $ (0.12) $ 0.55 $ 0.59 $ 2.08