Insurance Recoveries	12 Months Ended
Sep. 30, 2023
Insurance Recovery [Abstract]
Insurance Recoveries	Note L. Insurance Recoveries Pepinster, Belgium In July 2021, the Company’s Specialty Compounds manufacturing and research and development facility in Pepinster, Belgium experienced significant flooding. Full production, which was temporarily halted, resumed in the second quarter of fiscal 2022. The Company agreed to a final insurance settlement in fiscal 2023 for total proceeds of $33 million. During fiscal 2023, 2022 and 2021, the Company recorded expenses of nil, $6 million and $17 million for clean-up costs, inventory, and fixed asset impairments and simultaneously recognized a fully offsetting loss recovery from expected insurance proceeds. During fiscal 2023, the Company recognized gains of $9 million related to lost margin and the replacement value of fixed assets exceeding their net book value. The flood-related expenses, loss recoveries and gains are included within Cost of sales in the Consolidated Statements of Operations in fiscal 2023, 2022 and 2021. During fiscal 2023, 2022 and 2021, the Company received insurance proceeds of $14 million, $11 million and $8 million, respectively. Of the proceeds received, $12 million, $1 million and $2 million, is included in Cash provided by investing activities and $2 million, $10 million and $6 million, is included in Cash provided by operating activities for fiscal 2023, 2022 and 2021, respectively, in the Consolidated Statements of Cash Flows. Franklin, Louisiana In August 2021, the Company’s specialty carbons and reinforcing carbons manufacturing facility in Franklin, Louisiana experienced an unplanned plant outage due to equipment failure. During fiscal 2022, the Company received insurance proceeds of $8 million for business interruption. These proceeds were included within Cost of sales in the Consolidated Statements of Operations and in Cash Provided by operating activities in the Consolidated Statements of Cash Flows for the fiscal year ended September 30, 2022.

Insurance Recoveries

12 Months Ended

Sep. 30, 2023

Note L. Insurance Recoveries

Pepinster, Belgium

In July 2021, the Company’s Specialty Compounds manufacturing and research and development facility in Pepinster, Belgium experienced significant flooding. Full production, which was temporarily halted, resumed in the second quarter of fiscal 2022. The Company agreed to a final insurance settlement in fiscal 2023 for total proceeds of $33 million.

During fiscal 2023, 2022 and 2021, the Company recorded expenses of nil, $6 million and $17 million for clean-up costs, inventory, and fixed asset impairments and simultaneously recognized a fully offsetting loss recovery from expected insurance proceeds. During fiscal 2023, the Company recognized gains of $9 million related to lost margin and the replacement value of fixed assets exceeding their net book value. The flood-related expenses, loss recoveries and gains are included within Cost of sales in the Consolidated Statements of Operations in fiscal 2023, 2022 and 2021.

During fiscal 2023, 2022 and 2021, the Company received insurance proceeds of $14 million, $11 million and $8 million, respectively. Of the proceeds received, $12 million, $1 million and $2 million, is included in Cash provided by investing activities and $2 million, $10 million and $6 million, is included in Cash provided by operating activities for fiscal 2023, 2022 and 2021, respectively, in the Consolidated Statements of Cash Flows.

Franklin, Louisiana

In August 2021, the Company’s specialty carbons and reinforcing carbons manufacturing facility in Franklin, Louisiana experienced an unplanned plant outage due to equipment failure. During fiscal 2022, the Company received insurance proceeds of $8 million for business interruption. These proceeds were included within Cost of sales in the Consolidated Statements of Operations and in Cash Provided by operating activities in the Consolidated Statements of Cash Flows for the fiscal year ended September 30, 2022.