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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Sep. 30, 2020
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 2019 and 2020:

 

 

 

Currency

Translation

Adjustment

 

 

Unrealized

Gains on

Investment

 

 

Pension and Other

Postretirement

Benefit Liability

Adjustment

 

 

Total

 

 

 

(In millions)

 

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

)

Other comprehensive income (loss) before reclassifications

 

 

42

 

 

 

—

 

 

 

3

 

 

 

45

 

Amounts reclassified from AOCI

 

 

(3

)

 

 

—

 

 

 

6

 

 

 

3

 

Adoption of accounting standards

 

 

(3

)

 

 

(1

)

 

 

1

 

 

 

(3

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

5

 

 

 

—

 

 

 

—

 

 

 

5

 

Balance at September 30, 2020 attributable to

   Cabot Corporation

 

$

(307

)

 

$

—

 

 

$

(44

)

 

$

(351

)
Amounts Reclassified Out of AOCI

The amounts reclassified out of AOCI and into the Consolidated Statements of Operations for fiscal 2020, 2019 and 2018 are as follows:

 

 

 

Affected Line Item in the Consolidated

 

Years Ended September 30

 

 

 

Statements of Operations

 

2020

 

 

2019

 

 

2018

 

 

 

 

 

(In Millions)

 

Derivatives: net investment hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Gains) losses reclassified to interest

   expense

 

Interest expense

 

$

(5

)

 

$

(5

)

 

$

(5

)

(Gains) losses excluded from effectiveness

   testing and amortized to interest expense

 

Interest expense

 

 

2

 

 

 

1

 

 

 

2

 

Pension and other postretirement benefit

   liability adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of actuarial losses and prior service cost (credit)

 

Net Periodic Benefit Cost - see

Note N for details

 

 

3

 

 

 

1

 

 

 

(1

)

Settlement and curtailment loss (gain)

 

Net Periodic Benefit Cost - see

Note N for details

 

 

4

 

 

 

(7

)

 

 

—

 

Specialty Fluids divestiture

 

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

 

 

—

 

 

 

(3

)

 

 

—

 

Total before tax

 

 

 

 

4

 

 

 

(13

)

 

 

(4

)

Tax impact

 

Provision (benefit) for income taxes

 

 

(1

)

 

 

(2

)

 

 

1

 

Total after tax

 

 

 

$

3

 

 

$

(15

)

 

$

(3

)