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Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Unaudited financial results by quarter for fiscal 2020 and 2019 are summarized below:

 

 

 

Quarters Ended

 

 

Year Ended

 

 

 

December 31,

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2020

 

 

2020

 

 

2020

 

 

2020

 

 

 

(In millions, except per share amounts)

 

Net sales and other operating revenues

 

$

727

 

 

$

710

 

 

$

518

 

 

$

659

 

 

$

2,614

 

Gross profit

 

$

141

 

 

$

153

 

 

$

69

 

 

$

137

 

 

$

500

 

Net income (loss)

 

$

46

 

 

$

3

 

 

$

(5

)

 

$

(265

)

 

$

(221

)

Net income (loss) attributable to Cabot

   Corporation

 

$

41

 

 

$

(1

)

 

$

(6

)

 

$

(272

)

 

$

(238

)

Earnings per common share—basic

 

$

0.71

 

 

$

(0.01

)

 

$

(0.12

)

 

$

(4.81

)

 

$

(4.21

)

Earnings per common share—diluted

 

$

0.70

 

 

$

(0.01

)

 

$

(0.12

)

 

$

(4.81

)

 

$

(4.21

)

 

 

 

Quarters Ended

 

 

Year Ended

 

 

 

December 31,

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2019

 

 

2019

 

 

2019

 

 

2019

 

 

 

(In millions, except per share amounts)

 

Net sales and other operating revenues

 

$

821

 

 

$

844

 

 

$

845

 

 

$

827

 

 

$

3,337

 

Gross profit

 

$

166

 

 

$

178

 

 

$

170

 

 

$

171

 

 

$

685

 

Net income (loss)

 

$

77

 

 

$

29

 

 

$

40

 

 

$

40

 

 

$

186

 

Net income (loss) attributable to Cabot

   Corporation

 

$

69

 

 

$

23

 

 

$

32

 

 

$

33

 

 

$

157

 

Earnings per common share—basic

 

$

1.14

 

 

$

0.39

 

 

$

0.55

 

 

$

0.56

 

 

$

2.64

 

Earnings per common share—diluted

 

$

1.14

 

 

$

0.39

 

 

$

0.55

 

 

$

0.55

 

 

$

2.63