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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Net sales and other operating revenues $ 842 $ 710 $ 1,588 $ 1,437
Cost of sales 628 557 1,181 1,143
Gross profit 214 153 407 294
Selling and administrative expenses 71 114 132 178
Research and technical expenses 15 14 29 28
Specialty Fluids loss on sale and asset impairment charge   1   1
Income (loss) from operations 128 24 246 87
Interest and dividend income 2 3 4 6
Interest expense (13) (14) (25) (28)
Other income (expense) 1 (1) (8) (3)
Income (loss) before income taxes and equity in earnings of affiliated companies 118 12 217 62
(Provision) benefit for income taxes (34) (10) (63) (14)
Equity in earnings of affiliated companies, net of tax 1 1 1 1
Net income (loss) 85 3 155 49
Net income (loss) attributable to noncontrolling interests, net of tax 10 4 20 9
Net income (loss) attributable to Cabot Corporation $ 75 $ (1) $ 135 $ 40
Weighted-average common shares outstanding:        
Basic 56.6 56.6 56.6 56.7
Diluted 56.7 56.6 56.7 56.8
Earnings (loss) per common share:        
Basic $ 1.31 $ (0.01) $ 2.37 $ 0.70
Diluted $ 1.30 $ (0.01) $ 2.36 $ 0.70