v3.26.1
Restructuring (Tables)
 9 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Activities and Related Reserves

Details of all restructuring activities and related reserves during the three and nine months ended June 30, 2026 were as follows:

 

 

 

Severance
and Employee
Benefits

 

 

Non-Cash Asset Impairment and Accelerated Depreciation

 

 

Other

 

 

Total

 

 

 

(In millions)

 

Reserve at September 30, 2025

 

$

7

 

 

$

—

 

 

$

1

 

 

$

8

 

Charges

 

 

4

 

 

 

3

 

 

 

—

 

 

 

7

 

Cost charged against assets

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

(3

)

Cash paid

 

 

(3

)

 

 

—

 

 

 

(1

)

 

 

(4

)

Reserve at December 31, 2025

 

$

8

 

 

$

—

 

 

$

—

 

 

$

8

 

Charges

 

 

3

 

 

 

5

 

 

 

—

 

 

 

8

 

Cost charged against assets

 

 

—

 

 

 

(5

)

 

 

—

 

 

 

(5

)

Cash paid

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

(2

)

Reserve at March 31, 2026

 

$

9

 

 

$

—

 

 

$

—

 

 

$

9

 

Charges

 

 

10

 

 

 

31

 

 

 

1

 

 

 

42

 

Cost charged against assets

 

 

—

 

 

 

(31

)

 

 

—

 

 

 

(31

)

Cash paid

 

 

(8

)

 

 

—

 

 

 

(1

)

 

 

(9

)

Reserve at June 30, 2026

 

$

11

 

 

$

—

 

 

$

—

 

 

$

11

 
Recorded Restructuring Expense

Cabot’s restructuring expense was recorded in the Consolidated Statement of Operations for the three and nine months ended June 30, 2026 and 2025 as follows:

 

 

 

Three Months Ended June 30

 

 

Nine Months Ended June 30

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(In millions)

 

Cost of sales

 

$

40

 

 

$

2

 

 

$

53

 

 

$

4

 

Selling and administrative expenses

 

 

2

 

 

 

1

 

 

 

4

 

 

 

1

 

Research and technical expenses

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Total

 

$

42

 

 

$

3

 

 

$

57

 

 

$

6