ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.10.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Ìý
Schedule of estimated useful lives of intangible assets or life of the related agreement

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Patents and technology

5Ìý‑Ì�30Ìýyears

Trademarks

9Ìý‑Ì�30Ìýyears

Licenses and other agreements

5Ìý‑Ì�15Ìýyears

Other intangibles

5Ìý‑Ì�15Ìýyears

Ìý

Summary of changes in the carrying amount of goodwill

The following table summarizes the changes in the carrying amount of goodwill for year ended December 31, 2018 (dollars in millions):

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Ìý

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Ìý

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Performance

Ìý

Advanced

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

Polyurethanes

ÌýÌýÌýÌý

Products

ÌýÌýÌýÌý

Materials

ÌýÌýÌýÌý

Total

Balance as of January 1, 2018

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$

40

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$

17

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$

83

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$

140

Goodwill acquired during year(1)

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Ìý

142

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Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

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Ìý

142

Foreign currency effect on balance

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Ìý

(9)

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Ìý

(1)

Ìý

Ìý

Ìý3

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Ìý

(7)

Balance as of December 31, 2018

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$

173

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$

16

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$

86

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$

275


(1)

This reflects net amounts, including adjustments related to preliminary valuations of acquisition assets and liabilities.

Schedule of basic and diluted income per share

Basic and diluted income per share is determined using the following information (in millions):

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Year ended DecemberÌý31,Ìý

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ÌýÌýÌýÌý

Ìý

2018

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

Numerator:

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Ìý

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Basic and diluted income from continuing operations:

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Ìý

Ìý

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Ìý

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Ìý

Ìý

Income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

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$

764

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$

478

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$

334

Basic and diluted net income:

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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

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$

337

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$

636

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$

326

Denominator:

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Ìý

Weighted average shares outstanding

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238.1

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238.4

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236.3

Dilutive shares:

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Stock-based awards

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3.5

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5.5

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3.3

Total weighted average shares outstanding, including dilutive shares

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241.6

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243.9

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239.6

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Schedule of estimated useful lives or lease term of property, plant and equipment

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Buildings and equipment

5Ìý‑Ì�50Ìýyears

Plant and equipment

3Ìý‑Ì�30Ìýyears

Furniture, fixtures and leasehold improvements

5Ìý‑Ì�20Ìýyears

Ìý