ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

v2.4.1.9
RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2014
RELATED PARTY TRANSACTIONS Ìý
RELATED PARTY TRANSACTIONS

Ìý

23. RELATED PARTY TRANSACTIONS

ÌýÌýÌýÌýÌýÌýÌýÌýOur consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions):

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

Year ended DecemberÌý31,

Ìý

Ìý

Ìý

2014

Ìý

2013

Ìý

2012

Ìý

Sales to:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Unconsolidated affiliates

Ìý

$

261Ìý

Ìý

$

232Ìý

Ìý

$

223Ìý

Ìý

Inventory purchases from:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Unconsolidated affiliates

Ìý

Ìý

614Ìý

Ìý

Ìý

597Ìý

Ìý

Ìý

565Ìý

Ìý

ÌýÌýÌýÌýÌýÌýÌýÌýOur subsidiary Airstar Corporation ("Airstar") subleases a GulfstreamÌýIV-SP Aircraft (the "Aircraft") from Jstar Corporation ("Jstar"), a corporation wholly owned by JonÌýM. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ pursuant to a lease arrangement that expires in 2021. JonÌýM. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ is the Executive Chairman and the father of our Chief Executive Officer, PeterÌýR. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, and our director, JonÌýM. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Jr. Under this arrangement, monthly sublease payments from Airstar to Jstar are approximately $115,000, and an aggregate of $10Ìýmillion is payable through the end of the remaining seven year lease term. These monthly sublease payments are equal to the financing costs paid by Jstar to a leasing company and the arrangement does not result in a financial benefit to Jstar.

ÌýÌýÌýÌýÌýÌýÌýÌýWe occupy and use a portion of an office building owned by the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation, a private charitable foundation established by JonÌýM. and KarenÌýH. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to further the charitable interests of the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ family, under a lease pursuant to which we make annual lease payments of approximately $2Ìýmillion. During each of the years ended 2014, 2013 and 2012, we made payments of approximately $2Ìýmillion to the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation under the lease. The lease expires on DecemberÌý31, 2018, subject to a five-year extension, at our option.

ÌýÌýÌýÌýÌýÌýÌýÌýThrough May 2002, we paid the premiums on various life insurance policies for Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. These policies have been liquidated, and the cash values have been paid to Mr.ÌýÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. Mr.ÌýÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ is indebted to us in the amount of approximately $2Ìýmillion with accrued interest, which represents the insurance premiums paid on his behalf through May 2002. This amount is included in other noncurrent assets in our consolidated balance sheets.