XML 25 R16.htm IDEA: XBRL DOCUMENT
v3.22.1

Accumulated Other Comprehensive Income (Loss) ("AOCI") | 6 Months Ended
--- | ---
Mar. 31, 2022
Stockholders Equity Note [Abstract] |
Accumulated Other Comprehensive Income (Loss) ("AOCI") | F. Accumulated Other Comprehensive Income (Loss) (“AOCI”) Comprehensive income combines net income (loss) and other comprehensive income items, which are reported as components of stockholders’ equity in the accompanying Consolidated Balance Sheets. Changes in each component of AOCI, net of tax, were as follows:
|  | Currency Translation Adjustment |  |  | Pension and Other Postretirement Benefit Liability Adjustments |  |  | Total |
|  | (In millions) |
Balance at September 30, 2021, attributable to Cabot Corporation |  | $ | (265 | ) |  | $ | (24 | ) |  | $ | (289 | )
Other comprehensive income (loss) before reclassifications |  |  | (28 | ) |  |  | 1 |  |  |  | (27 | )
Amounts reclassified from AOCI |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 2 |  |  |  | — |  |  |  | 2 |
Balance at December 31, 2021, attributable to Cabot Corporation |  |  | (296 | ) |  |  | (23 | ) |  |  | (319 | )
Other comprehensive income (loss) before reclassifications |  |  | 12 |  |  |  | 1 |  |  |  | 13 |
Amounts reclassified from AOCI |  |  | 33 |  |  |  | — |  |  |  | 33 |
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 1 |  |  |  | — |  |  |  | 1 |
Balance at March 31, 2022, attributable to Cabot Corporation |  | $ | (252 | ) |  | $ | (22 | ) |  | $ | (274 | )
The amounts reclassified out of AOCI and into the Consolidated Statements of Operations in each of the three and six months ended March 31, 2022 and 2021 were as follows:
|  | Affected Line Item in the Consolidated |  | Three Months Ended March 31 |  |  | Six Months Ended March 31 |
|  | Statements of Operations |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  |  |  | (In millions) |  |  |  |  |  |  |  |  |
Derivatives: net investment hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Gains) losses reclassified to interest expense |  | Interest expense |  | $ | (2 | ) |  | $ | (2 | ) |  | $ | (3 | ) |  | $ | (3 | )
(Gains) losses excluded from effectiveness testing and amortized to interest expense |  | Interest expense |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Release of currency translation adjustment |  | Loss on sale of business and asset impairment charge |  |  | 33 |  |  |  | — |  |  |  | 33 |  |  |  | — |
Pension and other postretirement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Release of actuarial losses and prior service cost (credit) |  | Loss on sale of business and asset impairment charge |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |
Amortization of actuarial losses and prior service cost (credit) |  | Net Periodic Benefit Cost |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Settlement charge |  | Net Periodic Benefit Cost |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
Total before tax |  |  |  | $ | 33 |  |  | $ | (1 | ) |  | $ | 32 |  |  | $ | 5 |

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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