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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Net sales and other operating revenues $ 2,614 $ 3,337 $ 3,242
Cost of sales 2,114 2,652 2,470
Gross profit 500 685 772
Selling and administrative expenses 292 290 308
Research and technical expenses 57 60 66
Purification Solutions long-lived assets impairment charge (Note G)     162
Purification Solutions goodwill impairment charge (Note G)     92
Income (loss) from operations 21 306 144
Interest and dividend income 8 9 10
Interest expense (53) (59) (54)
Other income (expense) (9) (1) 17
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies (33) 255 117
(Provision) benefit for income taxes (191) (70) (193)
Equity in earnings of affiliated companies, net of tax 3 1 2
Net income (loss) (221) 186 (74)
Net income (loss) attributable to noncontrolling interests, net of tax of $4, $6 and $10 17 29 39
Net income (loss) attributable to Cabot Corporation $ (238) $ 157 $ (113)
Weighted-average common shares outstanding:      
Basic 56.6 58.7 61.7
Diluted 56.6 58.8 61.7
Earnings per common share:      
Basic $ (4.21) $ 2.64 $ (1.85)
Diluted $ (4.21) $ 2.63 $ (1.85)
Specialty Fluids [Member]      
Loss on sale and asset impairment charge $ 1 $ 29  
Marshall Mine [Member]      
Loss on sale and asset impairment charge $ 129