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Registration of securities issued in business combination transactions

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)

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SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)
 12 Months Ended
Dec. 31, 2013
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA Ìý
Summary of selected unaudited quarterly financial data

ÌýA summary of selected unaudited quarterly financial data for the years ended DecemberÌý31, 2013 and 2012 is as follows (dollars in millions, except per share amounts):

Ìý
 Ìý Three months ended Ìý
Ìý
 Ìý MarchÌý31,
2013		 Ìý JuneÌý30,
2013		 Ìý SeptemberÌý30,
2013		 Ìý DecemberÌý31,
2013		 Ìý

Revenues

 Ìý $ 2,702 Ìý $ 2,830 Ìý $ 2,842 Ìý $ 2,705 Ìý

Gross profit

 Ìý Ìý 353 Ìý Ìý 456 Ìý Ìý 511 Ìý Ìý 450 Ìý

Restructuring, impairment and plant closing costs

 Ìý Ìý 44 Ìý Ìý 29 Ìý Ìý 37 Ìý Ìý 41 Ìý

(Loss) income from continuing operations

 Ìý Ìý (14 ) Ìý 56 Ìý Ìý 76 Ìý Ìý 34 Ìý

Net (loss) income

 Ìý Ìý (16 ) Ìý 56 Ìý Ìý 74 Ìý Ìý 33 Ìý

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ InternationalÌýLLC

 Ìý Ìý (23 ) Ìý 49 Ìý Ìý 68 Ìý Ìý 32 Ìý

Ìý

Ìý
 Ìý Three months ended Ìý
Ìý
 Ìý MarchÌý31,
2012(1)		 Ìý JuneÌý30,
2012		 Ìý SeptemberÌý30,
2012(1)		 Ìý DecemberÌý31,
2012(1)(2)		 Ìý

Revenues

 Ìý $ 2,913 Ìý $ 2,914 Ìý $ 2,741 Ìý $ 2,619 Ìý

Gross profit

 Ìý Ìý 554 Ìý Ìý 532 Ìý Ìý 542 Ìý Ìý 413 Ìý

Restructuring, impairment and plant closing costs

 Ìý Ìý â€� Ìý Ìý 5 Ìý Ìý 47 Ìý Ìý 40 Ìý

Income (loss) from continuing operations

 Ìý Ìý 170 Ìý Ìý 133 Ìý Ìý 121 Ìý Ìý (44 )

Income (loss) before extraordinary gain

 Ìý Ìý 166 Ìý Ìý 131 Ìý Ìý 120 Ìý Ìý (44 )

Net income (loss)

 Ìý Ìý 166 Ìý Ìý 131 Ìý Ìý 121 Ìý Ìý (43 )

Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ InternationalÌýLLC

 Ìý Ìý 166 Ìý Ìý 127 Ìý Ìý 117 Ìý Ìý (45 )
(1)
During 2012, our Polyurethanes segment implemented a restructuring program to reduce annualized fixed costs. In connection with this program, we recorded restructuring expenses of $5Ìýmillion, $32Ìýmillion and $1Ìýmillion in the first, third and fourth quarters of 2012, respectively.

(2)
During the fourth quarter of 2012, our Advanced Materials segment began implementing a global transformational change program, subject to consultation with relevant employee representatives, designed to improve the segment's manufacturing efficiencies, enhance commercial excellence and ensure its long-term global competitiveness. In connection with this global transformational change program, we recorded charges of $28Ìýmillion related primarily to workforce reduction costs.

Also during the fourth quarter of 2012, we recorded a loss on early extinguishment of debt of $77Ìýmillion in connection with the redemption of $400Ìýmillion of our 2016 Senior Notes.

(3)
Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.