XML 39 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2
Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Sep. 30, 2022
Stockholders Equity Note [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note O. Accumulated Other Comprehensive Income (Loss)

Changes in each component of AOCI, net of tax, are as follows for fiscal 2021 and 2022:

 

 

 

Currency

Translation

Adjustment

 

 

Pension and Other

Postretirement

Benefit Liability

Adjustment

 

 

Total

 

 

 

(In millions)

 

Balance at September 30, 2020 attributable to

   Cabot Corporation

 

$

(307

)

 

$

(44

)

 

$

(351

)

Other comprehensive income (loss) before reclassifications

 

 

52

 

 

 

20

 

 

 

72

 

Amounts reclassified from AOCI

 

 

(3

)

 

 

 

 

 

(3

)

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

7

 

 

 

 

 

 

7

 

Balance at September 30, 2021 attributable to

   Cabot Corporation

 

 

(265

)

 

 

(24

)

 

 

(289

)

Other comprehensive income (loss) before reclassifications

 

 

(208

)

 

 

12

 

 

 

(196

)

Amounts reclassified from AOCI

 

 

29

 

 

 

2

 

 

 

31

 

Less: Other comprehensive income (loss) attributable to

   noncontrolling interests

 

 

(15

)

 

 

 

 

 

(15

)

Balance at September 30, 2022 attributable to

   Cabot Corporation

 

$

(429

)

 

$

(10

)

 

$

(439

)

The amounts reclassified out of AOCI and into the Consolidated Statements of Operations for fiscal 2022, 2021 and 2020 are as follows:

 

 

 

Affected Line Item in the Consolidated

 

Years Ended September 30

 

 

 

Statements of Operations

 

2022

 

 

2021

 

 

2020

 

 

 

 

 

(In Millions)

 

Derivatives: net investment hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Gains) losses reclassified to interest

   expense

 

Interest expense

 

$

(6

)

 

$

(5

)

 

$

(5

)

(Gains) losses excluded from effectiveness

   testing and amortized to interest expense

 

Interest expense

 

 

2

 

 

 

2

 

 

 

2

 

Release of current translation adjustment

 

Loss on sale of business and asset impairment charge

 

 

33

 

 

 

 

 

 

 

Pension and other postretirement benefit

   liability adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Release of actuarial losses and prior service cost (credits)

 

Loss on sale of business and asset impairment charge

 

 

2

 

 

 

 

 

 

 

Amortization of actuarial losses and prior service cost (credit)

 

Net Periodic Benefit Cost - see

Note M for details

 

 

1

 

 

 

3

 

 

 

3

 

Settlement and curtailment loss (gain)

 

Net Periodic Benefit Cost - see

Note M for details

 

 

(1

)

 

 

5

 

 

 

4

 

Total before tax

 

 

 

$

31

 

 

$

5

 

 

$

4