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Restructuring (Tables) | 9 Months Ended
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Jun. 30, 2024
Restructuring and Related Activities [Abstract] |
Recorded Restructuring Activities | Cabot’s restructuring activities were recorded in the Consolidated Statements of Operations for the three and nine months ended June 30, 2024 and 2023 as follows:
|  | Three Months Ended June 30 |  |  | Nine Months Ended June 30 |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In millions) |
Cost of sales |  | $ | 1 |  |  | $ | — |  |  | $ | 12 |  |  | $ | — |
Selling and administrative expenses |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |
Total |  | $ | 1 |  |  | $ | — |  |  | $ | 13 |  |  | $ | — |
Restructuring Activities and Related Reserves | Details of all restructuring activities and the related reserves during the three and nine months ended June 30, 2024 are as follows:
|  | Severance and Employee Benefits |  |  | Accelerated Depreciation on Assets |  |  | Other |  |  | Total |
|  | (In millions) |
Reserve at September 30, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  |  | 3 |  |  |  | 6 |  |  |  | — |  |  |  | 9 |
Cost charged against assets |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | (6 | )
Cash paid |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (1 | )
Reserve at December 31, 2023 |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Charges |  |  | 2 |  |  |  | — |  |  |  | 1 |  |  |  | 3 |
Cash paid |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (1 | )
Reserve at March 31, 2024 |  | $ | 3 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 4 |
Charges |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Cash paid |  |  | (2 | ) |  |  | — |  |  |  | (1 | ) |  |  | (3 | )
Reserve at June 30, 2024 |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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