XML 51 R39.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Financial Information by Segment (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2018
Segment Reporting [Abstract] |
Schedule of Performance Segment | The net sales from each of these businesses for the three and nine months ended June 30, 2018 and 2017 were as follows:
|  | Three Months Ended June 30 |  |  | Nine Months Ended June 30 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (In millions) |
Specialty Carbons and Formulations |  | $ | 195 |  |  | $ | 154 |  |  | $ | 548 |  |  | $ | 454 |
Metal Oxides |  |  | 79 |  |  |  | 75 |  |  |  | 223 |  |  |  | 208 |
Total Performance Chemicals |  | $ | 274 |  |  | $ | 229 |  |  | $ | 771 |  |  | $ | 662 |
Financial Information by Reportable Segment | Financial information by reportable segment is as follows:
|  | Reinforcement Materials |  |  | Performance Chemicals |  |  | Purification Solutions |  |  | Specialty Fluids |  |  | Segment Total |  |  | Unallocated and Other(1) |  |  | Consolidated Total |
|  | (In millions) |
Three Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 466 |  |  | $ | 274 |  |  | $ | 70 |  |  | $ | 12 |  |  | $ | 822 |  |  | $ | 32 |  |  | $ | 854 |
Income (loss) from continuing operations before income taxes(3) |  | $ | 74 |  |  | $ | 56 |  |  | $ | (6 | ) |  | $ | 3 |  |  | $ | 127 |  |  | $ | (32 | ) |  | $ | 95 |
Three Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 367 |  |  | $ | 229 |  |  | $ | 71 |  |  | $ | 12 |  |  | $ | 679 |  |  | $ | 26 |  |  | $ | 705 |
Income (loss) from continuing operations before income taxes(3) |  | $ | 51 |  |  | $ | 46 |  |  | $ | (2 | ) |  | $ | 4 |  |  | $ | 99 |  |  | $ | (31 | ) |  | $ | 68 |
Nine Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 1,307 |  |  | $ | 771 |  |  | $ | 206 |  |  | $ | 24 |  |  | $ | 2,308 |  |  | $ | 84 |  |  | $ | 2,392 |
Income (loss) from continuing operations before income taxes(3) |  | $ | 215 |  |  | $ | 160 |  |  | $ | (6 | ) |  | $ | (2 | ) |  | $ | 367 |  |  | $ | (351 | ) |  | $ | 16 |
Nine Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 1,014 |  |  | $ | 662 |  |  | $ | 207 |  |  | $ | 30 |  |  | $ | 1,913 |  |  | $ | 81 |  |  | $ | 1,994 |
Income (loss) from continuing operations before income taxes(3) |  | $ | 145 |  |  | $ | 146 |  |  | $ | 4 |  |  | $ | 6 |  |  | $ | 301 |  |  | $ | (80 | ) |  | $ | 221 |
(1) | Unallocated and Other includes certain items and eliminations necessary to reflect management’s reporting of operating segment results. These items are reflective of the segment reporting presented to the CODM.
(2) | Consolidated Total Revenues from external customers reconciles to Net sales and other operating revenues on the Consolidated Statements of Operations. Revenues from external customers that are categorized as Unallocated and Other reflects royalties, external shipping and handling fees, the impact of unearned revenue, the removal of 100% of the sales of an equity method affiliate and discounting charges for certain Notes receivable. Details are provided in the table below:
|  | Three Months Ended June 30 |  |  | Nine Months Ended June 30 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (In millions) |
Royalties, the impact of unearned revenue, the removal of 100% of the sales of an equity method affiliate and discounting charges for certain notes receivable |  | $ | (2 | ) |  | $ | (4 | ) |  | $ | (10 | ) |  | $ | (6 | )
Shipping and handling fees |  |  | 34 |  |  |  | 30 |  |  |  | 94 |  |  |  | 87 |
Total |  | $ | 32 |  |  | $ | 26 |  |  | $ | 84 |  |  | $ | 81 |
(3) | Consolidated Total Income (loss) from continuing operations before income taxes reconciles to Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies on the Consolidated Statements of Operations. Income (loss) from continuing operations before income taxes that are categorized as Unallocated and Other includes:
|  | Three Months Ended June 30 |  |  | Nine Months Ended June 30 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (In millions) |
Interest expense |  | $ | (14 | ) |  | $ | (13 | ) |  | $ | (41 | ) |  | $ | (39 | )
Certain items(a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purification Solutions goodwill and long-lived assets impairment charge |  |  | — |  |  |  | — |  |  |  | (254 | ) |  |  | — |
Inventory reserve adjustment |  |  | — |  |  |  | — |  |  |  | (13 | ) |  |  | — |
Global restructuring activities |  |  | (1 | ) |  |  | (1 | ) |  |  | 7 |  |  |  | (3 | )
Legal and environmental matters and reserves |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | 2 |
Gains (losses) on sale of investments |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | — |
Executive transition costs |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) |  |  | — |
Acquisition and integration-related charges |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |
Non-recurring gains (losses) on foreign exchange |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Other |  |  | (1 | ) |  |  | — |  |  |  | (2 | ) |  |  | — |
Total certain items, pre-tax |  |  | (3 | ) |  |  | (2 | ) |  |  | (260 | ) |  |  | (2 | )
Unallocated corporate costs(b) |  |  | (15 | ) |  |  | (11 | ) |  |  | (45 | ) |  |  | (37 | )
General unallocated income (expense)(c) |  |  | — |  |  |  | (2 | ) |  |  | (3 | ) |  |  | 4 |
Less: Equity in earnings of affiliated companies, net of tax(d) |  |  | — |  |  |  | 3 |  |  |  | 2 |  |  |  | 6 |
Total |  | $ | (32 | ) |  | $ | (31 | ) |  | $ | (351 | ) |  | $ | (80 | )
| (a) | Certain items are items of expense and income that management does not consider representative of the Company’s fundamental on-going segment results and they are, therefore, excluded from Segment EBIT.
| (b) | Unallocated corporate costs are costs that are not controlled by the segments and primarily benefit corporate interests.
| (c) | General unallocated income (expense) consists of gains (losses) arising from foreign currency transactions, net of other foreign currency risk management activities, the profit or loss related to the corporate adjustment for unearned revenue, and the impact of including the full operating results of a contractual joint venture in Purification Solutions Segment EBIT. Fiscal 2017 amounts have been recast to reflect the retrospective application of the Company’s election to change its inventory valuation method of accounting for its U.S. carbon black inventories from the LIFO method to the FIFO method, which resulted in General unallocated income (expense) decreasing by $2 million and increasing by $4 million, respectively, for the three and nine months ended June 30, 2017.
| (d) | Equity in earnings of affiliated companies, net of tax, is included in Segment EBIT and is removed in Unallocated and other to reconcile to Income (loss) from operations before income taxes and equity in earnings from affiliated companies.

X
- Definition Schedule of performance segment. + References No definition available. + Details
Name: | cbt_ScheduleOfPerformanceSegmentTableTextBlock
Namespace Prefix: | cbt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration