OPERATING SEGMENT INFORMATION (Tables)
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3 Months Ended |
Mar. 31, 2016 |
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| Operating segment information |
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| Schedule of major products by reportable operating segment |
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ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
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Segment
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Ìý
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Products
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Polyurethanes
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Ìý
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MDI, PO, polyols, PG, TPU, aniline and MTBE
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Performance Products
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amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
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Advanced Materials
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Ìý
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basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations
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Textile Effects
|
Ìý
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textile chemicals, dyes and inks
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Pigments and Additives
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Ìý
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titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals
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Ìý
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| Schedule of revenues and EBITDA for each of the entity's reportable operating segments |
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ÌýÌýÌýÌýÌýÌýÌýÌýThe revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
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Ìý
|
Ìý
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Three months
ended MarchÌý31,
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Ìý
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Ìý
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Ìý
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2016
|
Ìý
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2015
|
Ìý
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Revenues:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
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Polyurethanes
|
Ìý
|
$
|
836
|
Ìý
|
$
|
890
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
536
|
Ìý
|
Ìý
|
656
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
266
|
Ìý
|
Ìý
|
290
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
185
|
Ìý
|
Ìý
|
206
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
540
|
Ìý
|
Ìý
|
572
|
Ìý
|
|
Corporate and eliminations
|
Ìý
|
Ìý
|
(8
|
)
|
Ìý
|
(25
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
2,355
|
Ìý
|
$
|
2,589
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
123
|
Ìý
|
$
|
93
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
90
|
Ìý
|
Ìý
|
118
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
57
|
Ìý
|
Ìý
|
55
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
15
|
Ìý
|
Ìý
|
11
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
(8
|
)
|
Ìý
|
(75
|
)
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(43
|
)
|
Ìý
|
(42
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
234
|
Ìý
|
Ìý
|
160
|
Ìý
|
|
Discontinued Operations(3)
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(1
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
Ìý
|
232
|
Ìý
|
Ìý
|
159
|
Ìý
|
|
Interest expense, net
|
Ìý
|
Ìý
|
(50
|
)
|
Ìý
|
(56
|
)
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(27
|
)
|
Ìý
|
(2
|
)
|
|
Income tax benefit (expense)—discontinued operations
|
Ìý
|
Ìý
|
1
|
Ìý
|
Ìý
|
(1
|
)
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
(100
|
)
|
Ìý
|
(95
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
$
|
56
|
Ìý
|
$
|
5
|
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|
|
�
|
�
|
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|
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|
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�
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|
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|
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|
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|
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|
|
(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
MarchÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2016
|
Ìý
|
2015
|
Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
123
|
Ìý
|
$
|
93
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
90
|
Ìý
|
Ìý
|
118
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
57
|
Ìý
|
Ìý
|
55
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
15
|
Ìý
|
Ìý
|
11
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
(8
|
)
|
Ìý
|
(75
|
)
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(43
|
)
|
Ìý
|
(42
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
234
|
Ìý
|
Ìý
|
160
|
Ìý
|
|
Discontinued Operations(3)
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(1
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
Ìý
|
232
|
Ìý
|
Ìý
|
159
|
Ìý
|
|
Interest expense, net
|
Ìý
|
Ìý
|
(53
|
)
|
Ìý
|
(58
|
)
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(27
|
)
|
Ìý
|
(3
|
)
|
|
Income tax benefit (expense)—discontinued operations
|
Ìý
|
Ìý
|
1
|
Ìý
|
Ìý
|
(1
|
)
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
(97
|
)
|
Ìý
|
(92
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
$
|
56
|
Ìý
|
$
|
5
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
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|
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|
�
|
|
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|
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|
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|
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|
�
|
â€� Ìý
|
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|
�
|
|
Ìý
|
Ìý
|
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
Ìý
|