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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 140 $ 250
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 111 117
Loss on sale of business and asset impairment charge 206  
Gain on bargain purchase of a business (24)  
Gain on sale of land (17)  
Deferred tax provision (benefit) (39) 4
Employee benefit plan settlement   7
Equity in earnings of affiliated companies (7) (3)
Non-cash compensation 17 16
Other non-cash (income) expense 15 10
Cash dividends received from equity affiliates 1 2
Changes in assets and liabilities:    
Accounts and notes receivable (286) (198)
Inventories (231) (125)
Prepaid expenses and other assets (35) (15)
Accounts payable and accrued liabilities 127 97
Income taxes payable 18 12
Other liabilities (1) (17)
Cash provided (used) by operating activities (5) 157
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (121) (115)
Proceeds from sale of business 79  
Cash paid for acquisition of business, net of cash acquired of $5 and $- (9)  
Proceeds from sale of land 18  
Other 2 5
Cash provided (used) by investing activities (31) (110)
Cash Flows from Financing Activities:    
Proceeds from short-term borrowings 26  
Proceeds from issuance (repayments) of commercial paper, net 193 46
Proceeds from long-term debt, net of issuance costs 394 150
Repayments of long-term debt (357) (167)
Purchases of common stock (48) (2)
Proceeds from sales of common stock 6 5
Cash dividends paid to noncontrolling interests (22) (20)
Cash dividends paid to common stockholders (63) (60)
Cash provided (used) by financing activities 129 (48)
Effects of exchange rate changes on cash (49) 23
Increase (decrease) in cash, cash equivalents and restricted cash 44 22
Cash, cash equivalents and restricted cash at beginning of period 170 151
Cash, cash equivalents and restricted cash at end of period 214 173
Cash and cash equivalents 208 $ 173
Restricted cash classified within Prepaid expenses and other current assets $ 6  
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration] http://www.cabotcorp.com/#PrepaidExpensesAndOtherCurrentAssets http://www.cabotcorp.com/#PrepaidExpensesAndOtherCurrentAssets
Cash, cash equivalents and restricted cash $ 214 $ 173