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Consolidated Statement Of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statement Of Operations        
Net Sales $ 543 $ 502 $ 1,052 $ 950
Cost of goods sold 373 343 720 643
Gross Profit 170 159 332 307
Selling, general and administrative expenses 60 67 122 132
Research and development expenses 5 4 11 8
Other operating income, net (2) (1) (13) (1)
Operating Income 107 89 212 168
Interest expense (26) (36) (54) (74)
Other income (loss), net 0 10 (1) 13
Loss on debt extinguishment or modification 0 0 (2) (89)
Income from Continuing Operations Before Income Tax Expense 81 63 155 18
Income tax expense 11 9 19 19
Income (Loss) from Continuing Operations 70 54 136 (1)
Loss from Discontinued Operations, net of tax 0 (13) 0 (15)
Net Income (Loss) 70 41 136 (16)
Net Income attributable to noncontrolling interest 2 0 3 1
Net Income (Loss) attributable to Solutia $ 68 $ 41 $ 133 $ (17)
Basic Income (Loss) per Share attributable to Solutia:        
Income (Loss) from Continuing Operations $ 0.57 $ 0.45 $ 1.11 $ (0.01)
Loss from Discontinued Operations $ 0.00 $ (0.11) $ 0.00 $ (0.13)
Net Income (Loss) attributable to Solutia $ 0.57 $ 0.34 $ 1.11 $ (0.14)
Diluted Income (Loss) per Share attributable to Solutia:        
Income (Loss) from Continuing Operations $ 0.56 $ 0.45 $ 1.10 $ (0.01)
Loss from Discontinued Operations $ 0.00 $ (0.11) $ 0.00 $ (0.13)
Net Income (Loss) attributable to Solutia $ 0.56 $ 0.34 $ 1.10 $ (0.14)