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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales and other operating revenues $ 1,149 $ 917 $ 3,209 $ 2,505
Cost of sales 914 703 2,544 1,884
Gross profit 235 214 665 621
Selling and administrative expenses 51 68 196 200
Research and technical expenses 14 12 41 41
Loss on sale of business and asset impairment charge (Note D) 2   206  
Gain on bargain purchase of a business (Note C)     (24)  
Income (loss) from operations 168 134 246 380
Interest and dividend income   2 7 6
Interest expense (15) (12) (38) (37)
Other income (expense) (1) (1) (9) (9)
Income (loss) before income taxes and equity in earnings of affiliated companies 152 123 206 340
(Provision) benefit for income taxes (49) (30) (73) (93)
Equity in earnings of affiliated companies, net of tax 3 2 7 3
Net income (loss) 106 95 140 250
Net income (loss) attributable to noncontrolling interests, net of tax 9 9 25 29
Net income (loss) attributable to Cabot Corporation $ 97 $ 86 $ 115 $ 221
Weighted-average common shares outstanding:        
Basic 56.3 56.7 56.5 56.7
Diluted 56.8 57.0 56.9 56.8
Earnings (loss) per common share:        
Basic $ 1.70 $ 1.48 $ 2.00 $ 3.85
Diluted $ 1.69 $ 1.48 $ 1.99 $ 3.84