OPERATING SEGMENT INFORMATION (Tables)
|
6 Months Ended |
Jun. 30, 2015 |
|---|
| OPERATING SEGMENT INFORMATION |
Ìý
|
| Schedule of major products by reportable operating segment |
Ìý
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Segment
|
Ìý
|
Products
|
|
Polyurethanes
|
Ìý
|
MDI, PO, polyols, PG, TPU, aniline and MTBE
|
|
Performance Products
|
Ìý
|
amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
|
|
Advanced Materials
|
Ìý
|
basic liquid and solid epoxy resins; specialty resin compounds; cross- linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations
|
|
Textile Effects
|
Ìý
|
textile chemicals and dyes
|
|
Pigments and Additives
|
Ìý
|
titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals
|
Ìý
|
| Operating segment information |
Ìý
|
| Schedule of revenues and EBITDA for each of the entity's reportable operating segments |
The EBITDA of operating segments excludes items that principally apply to our Company as a whole. The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Three months
ended JuneÌý30,
|
Ìý
|
Six months
ended JuneÌý30,
|
Ìý
|
|
Ìý
|
Ìý
|
2015
|
Ìý
|
2014
|
Ìý
|
2015
|
Ìý
|
2014
|
Ìý
|
|
Revenues:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
995
|
Ìý
|
$
|
1,310
|
Ìý
|
$
|
1,885
|
Ìý
|
$
|
2,510
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
675
|
Ìý
|
Ìý
|
833
|
Ìý
|
Ìý
|
1,331
|
Ìý
|
Ìý
|
1,598
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
282
|
Ìý
|
Ìý
|
324
|
Ìý
|
Ìý
|
572
|
Ìý
|
Ìý
|
643
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
216
|
Ìý
|
Ìý
|
248
|
Ìý
|
Ìý
|
422
|
Ìý
|
Ìý
|
472
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
592
|
Ìý
|
Ìý
|
340
|
Ìý
|
Ìý
|
1,164
|
Ìý
|
Ìý
|
658
|
Ìý
|
|
Eliminations
|
Ìý
|
Ìý
|
(20
|
)
|
Ìý
|
(67
|
)
|
Ìý
|
(45
|
)
|
Ìý
|
(138
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
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|
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|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
2,740
|
Ìý
|
$
|
2,988
|
Ìý
|
$
|
5,329
|
Ìý
|
$
|
5,743
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
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|
�
|
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|
â€� Ìý
|
�
|
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|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
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|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
134
|
Ìý
|
$
|
186
|
Ìý
|
$
|
227
|
Ìý
|
$
|
344
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
137
|
Ìý
|
Ìý
|
117
|
Ìý
|
Ìý
|
255
|
Ìý
|
Ìý
|
209
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
48
|
Ìý
|
Ìý
|
50
|
Ìý
|
Ìý
|
103
|
Ìý
|
Ìý
|
91
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý
|
24
|
Ìý
|
Ìý
|
22
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
(64
|
)
|
Ìý
|
12
|
Ìý
|
Ìý
|
(139
|
)
|
Ìý
|
25
|
Ìý
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(51
|
)
|
Ìý
|
(50
|
)
|
Ìý
|
(93
|
)
|
Ìý
|
(94
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
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|
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|
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|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
217
|
Ìý
|
Ìý
|
329
|
Ìý
|
Ìý
|
377
|
Ìý
|
Ìý
|
597
|
Ìý
|
|
Discontinued Operations(3)
|
Ìý
|
Ìý
|
(1
|
)
|
Ìý
|
(2
|
)
|
Ìý
|
(2
|
)
|
Ìý
|
(9
|
)
|
|
�
|
�
|
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|
â€� Ìý
|
�
|
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|
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|
�
|
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|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
Ìý
|
216
|
Ìý
|
Ìý
|
327
|
Ìý
|
Ìý
|
375
|
Ìý
|
Ìý
|
588
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(53
|
)
|
Ìý
|
(51
|
)
|
Ìý
|
(109
|
)
|
Ìý
|
(99
|
)
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(34
|
)
|
Ìý
|
(43
|
)
|
Ìý
|
(36
|
)
|
Ìý
|
(79
|
)
|
|
Income tax (expense) benefit—discontinued operations
|
Ìý
|
Ìý
|
(1
|
)
|
Ìý
|
2
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
2
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
(99
|
)
|
Ìý
|
(116
|
)
|
Ìý
|
(194
|
)
|
Ìý
|
(239
|
)
|
|
�
|
�
|
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|
â€� Ìý
|
�
|
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|
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|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
$
|
29
|
Ìý
|
$
|
119
|
Ìý
|
$
|
34
|
Ìý
|
$
|
173
|
Ìý
|
|
�
|
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|
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|
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|
Ìý
|
|
(1)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Segment EBITDA is defined as net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.
|
|
(2)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.
|
|
(3)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.
|
Ìý
|
| ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International |
Ìý
|
| Operating segment information |
Ìý
|
| Schedule of revenues and EBITDA for each of the entity's reportable operating segments |
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Three months
ended JuneÌý30,
|
Ìý
|
Six months
ended JuneÌý30,
|
Ìý
|
|
Ìý
|
Ìý
|
2015
|
Ìý
|
2014
|
Ìý
|
2015
|
Ìý
|
2014
|
Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
134
|
Ìý
|
$
|
186
|
Ìý
|
$
|
227
|
Ìý
|
$
|
344
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
137
|
Ìý
|
Ìý
|
117
|
Ìý
|
Ìý
|
255
|
Ìý
|
Ìý
|
209
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
48
|
Ìý
|
Ìý
|
50
|
Ìý
|
Ìý
|
103
|
Ìý
|
Ìý
|
91
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý
|
24
|
Ìý
|
Ìý
|
22
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
(64
|
)
|
Ìý
|
12
|
Ìý
|
Ìý
|
(139
|
)
|
Ìý
|
25
|
Ìý
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(52
|
)
|
Ìý
|
(51
|
)
|
Ìý
|
(94
|
)
|
Ìý
|
(95
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
216
|
Ìý
|
Ìý
|
328
|
Ìý
|
Ìý
|
376
|
Ìý
|
Ìý
|
596
|
Ìý
|
|
Discontinued Operations(3)
|
Ìý
|
Ìý
|
(1
|
)
|
Ìý
|
(2
|
)
|
Ìý
|
(2
|
)
|
Ìý
|
(9
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
Ìý
|
215
|
Ìý
|
Ìý
|
326
|
Ìý
|
Ìý
|
374
|
Ìý
|
Ìý
|
587
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(56
|
)
|
Ìý
|
(52
|
)
|
Ìý
|
(114
|
)
|
Ìý
|
(103
|
)
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(34
|
)
|
Ìý
|
(43
|
)
|
Ìý
|
(37
|
)
|
Ìý
|
(80
|
)
|
|
Income tax (expense) benefit—discontinued operations
|
Ìý
|
Ìý
|
(1
|
)
|
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2
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(2
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)
|
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|
2
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Depreciation and amortization
|
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(95
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)
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(113
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)
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(187
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(229
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Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ InternationalÌýLLC
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$
|
29
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$
|
120
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$
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34
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$
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177
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(1)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
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Segment EBITDA is defined as net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.
|
|
(2)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
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Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.
|
|
(3)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.
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