XML 35 R26.htm IDEA: XBRL DOCUMENT
v3.22.1

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2022
Equity [Abstract] |
Changes in Each Component of AOCI, Net of Tax | 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 | )
Amounts Reclassified Out of AOCI | 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
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration