XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2018
Accounting Policies [Abstract] |
Segment Reporting Revenue Percentage | The following table shows the relative size of the revenue recognized in each of the Company’s reportable segments:
|  | Three Months Ended June 30 |  |  | Nine Months Ended June 30 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Reinforcement Materials |  |  | 57 | % |  |  | 54 | % |  |  | 57 | % |  |  | 53 | %
Performance Chemicals |  |  | 33 | % |  |  | 34 | % |  |  | 33 | % |  |  | 35 | %
Purification Solutions |  |  | 9 | % |  |  | 10 | % |  |  | 9 | % |  |  | 11 | %
Specialty Fluids |  |  | 1 | % |  |  | 2 | % |  |  | 1 | % |  |  | 1 | %
Schedule of Change Retrospectively to Prior Periods Financial Statement Line Items | The Company applied this change retrospectively to all prior periods presented. This change resulted in a $17 million increase in retained earnings as of October 1, 2016, from $1,544 million to $1,561 million. In addition, the following financial statement line items in the Company’s Consolidated Statements of Operations for the three and nine months ended June 30, 2017, its Consolidated Balance Sheets as of September 30, 2017, and its Consolidated Statements of Cash Flows for the nine months ended June 30, 2017 were adjusted:
Consolidated Statements of Operations |  | Three Months Ended June 30 |
|  | 2017 |
|  | As Originally Reported |  |  | Effect of Change |  |  | As Adjusted |
|  | (In millions, except per share amounts) |
Cost of sales |  | $ | 546 |  |  | $ | (2 | ) |  | $ | 544 |
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies |  | $ | 66 |  |  | $ | 2 |  |  | $ | 68 |
(Provision) benefit for income taxes |  | $ | (16 | ) |  | $ | — |  |  | $ | (16 | )
Net income (loss) |  | $ | 53 |  |  | $ | 2 |  |  | $ | 55 |
Net income (loss) attributable to Cabot Corporation |  | $ | 45 |  |  | $ | 2 |  |  | $ | 47 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.71 |  |  | $ | 0.02 |  |  | $ | 0.73 |
Diluted |  | $ | 0.71 |  |  | $ | 0.02 |  |  | $ | 0.73 |
Consolidated Statements of Operations |  | Nine Months Ended June 30 |
|  | 2017 |
|  | As Originally Reported |  |  | Effect of Change |  |  | As Adjusted |
|  | (In millions) |
Cost of sales |  | $ | 1,509 |  |  | $ | (4 | ) |  | $ | 1,505 |
Income (loss) from continuing operations before income taxes and equity in earnings of affiliated companies |  | $ | 217 |  |  | $ | 4 |  |  | $ | 221 |
(Provision) benefit for income taxes |  | $ | (32 | ) |  | $ | (1 | ) |  | $ | (33 | )
Net income (loss) |  | $ | 191 |  |  | $ | 3 |  |  | $ | 194 |
Net income (loss) attributable to Cabot Corporation |  | $ | 173 |  |  | $ | 3 |  |  | $ | 176 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.75 |  |  | $ | 0.04 |  |  | $ | 2.79 |
Diluted |  | $ | 2.74 |  |  | $ | 0.04 |  |  | $ | 2.78 |
Consolidated Balance Sheets |  | September 30, 2017 |
|  | As Originally Reported |  |  | Effect of Change |  |  | As Adjusted |
|  | (In millions) |
Inventories |  | $ | 396 |  |  | $ | 37 |  |  | $ | 433 |
Deferred income taxes (assets) |  | $ | 250 |  |  | $ | (13 | ) |  | $ | 237 |
Retained earnings |  | $ | 1,683 |  |  | $ | 24 |  |  | $ | 1,707 |
Consolidated Statements of Cash Flows |  | Nine Months Ended June 30 |
|  | 2017 |
|  | As Originally Reported |  |  | Effect of Change |  |  | As Adjusted |
|  | (In millions) |
Net income (loss) |  | $ | 191 |  |  | $ | 3 |  |  | $ | 194 |
Deferred tax provision (benefit) |  | $ | (26 | ) |  | $ | 1 |  |  | $ | (25 | )
Inventories |  | $ | (57 | ) |  | $ | (4 | ) |  | $ | (61 | )

X
- Definition Segment reporting revenue percentage. + References No definition available. + Details
Name: | cbt_SegmentReportingRevenuePercentageTableTextBlock
Namespace Prefix: | cbt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration