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Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) | 9 Months Ended
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Jun. 30, 2024
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 Post-retirement Benefit Liability Adjustments |  |  | Total |
|  | (In millions) |
Balance at September 30, 2023, attributable to Cabot Corporation |  | $ | (353 | ) |  | $ | (9 | ) |  | $ | (362 | )
Other comprehensive income (loss) before reclassifications |  |  | 62 |  |  |  | — |  |  |  | 62 |
Amounts reclassified from AOCI |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 4 |  |  |  | — |  |  |  | 4 |
Balance at December 31, 2023, attributable to Cabot Corporation |  | $ | (296 | ) |  | $ | (9 | ) |  | $ | (305 | )
Other comprehensive income (loss) before reclassifications |  |  | (15 | ) |  |  | — |  |  |  | (15 | )
Amounts reclassified from AOCI |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | (4 | ) |  |  | — |  |  |  | (4 | )
Balance at March 31, 2024, attributable to Cabot Corporation |  | $ | (307 | ) |  | $ | (10 | ) |  | $ | (317 | )
Other comprehensive income (loss) before reclassifications |  |  | (66 | ) |  |  | — |  |  |  | (66 | )
Amounts reclassified from AOCI |  |  | — |  |  |  | — |  |  |  | — |
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Balance at June 30, 2024, attributable to Cabot Corporation |  | $ | (372 | ) |  | $ | (10 | ) |  | $ | (382 | )
|  | Currency Translation Adjustment |  |  | Pension and Other Post-retirement Benefit Liability Adjustments |  |  | Total |
|  | (In millions) |
Balance at September 30, 2022, attributable to Cabot Corporation |  | $ | (429 | ) |  | $ | (10 | ) |  | $ | (439 | )
Other comprehensive income (loss) before reclassifications |  |  | 88 |  |  |  | — |  |  |  | 88 |
Amounts reclassified from AOCI |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 6 |  |  |  | — |  |  |  | 6 |
Balance at December 31, 2022, attributable to Cabot Corporation |  | $ | (348 | ) |  | $ | (10 | ) |  | $ | (358 | )
Other comprehensive income (loss) before reclassifications |  |  | 49 |  |  |  | — |  |  |  | 49 |
Amounts reclassified from AOCI |  |  | (1 | ) |  |  | (1 | ) |  |  | (2 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 3 |  |  |  | — |  |  |  | 3 |
Balance at March 31, 2023, attributable to Cabot Corporation |  | $ | (303 | ) |  | $ | (11 | ) |  | $ | (314 | )
Other comprehensive income (loss) before reclassifications |  |  | (20 | ) |  |  | 1 |  |  |  | (19 | )
Amounts reclassified from AOCI |  |  | (1 | ) |  |  | (1 | ) |  |  | (2 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  |  | (6 | ) |  |  | — |  |  |  | (6 | )
Balance at June 30, 2023, attributable to Cabot Corporation |  | $ | (318 | ) |  | $ | (11 | ) |  | $ | (329 | )
Amounts Reclassified Out of AOCI | The amounts reclassified out of AOCI and into the Consolidated Statements of Operations in each of the three and nine months ended June 30, 2024 and 2023 are as follows:
|  | Affected Line Item in the Consolidated |  | Three Months Ended June 30 |  |  | Nine Months Ended June 30 |
|  | Statements of Operations |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  |  |  | (In millions) |  |  |  |  |  |  |
Derivatives: net investment hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Gains) losses reclassified to interest expense |  | Interest expense |  | $ | (1 | ) |  | $ | (1 | ) |  | $ | (4 | ) |  | $ | (4 | )
(Gains) losses excluded from effectiveness testing and amortized to interest expense |  | Interest expense |  |  | 1 |  |  |  | — |  |  |  | 2 |  |  |  | 1 |
Pension and other postretirement |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of actuarial losses and prior service cost (credit) |  | Other income (expense) |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (2 | )
Total before tax |  |  |  | $ | — |  |  | $ | (2 | ) |  | $ | (3 | ) |  | $ | (5 | )

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