EX-99.15 16 ex9915.htm ASHLAND INC.'S OPERATING SEGMENT TRADE WORKING CAPITAL ex9915.htm
 
Exhibit 99.15
(Text of graph posted to Ashland Inc.'s website concerning
operating segment trade working capital)
 
 
Operating Segment Trade Working Capital % of Annualized Sales *
 
 Monthly Actual (%)  
             
 
2006
 
 2007
 
2008
 
January    
 16.2
 
 16.2
 
February
   
 16.8
 
 15.9
 
March
   
 15.3
 
 14.3
 
April
   
 15.9
 
14.4
 
May
   
 15.5
 
13.9
 
June 
   
  15.3
 
 13.9
 
July
   
 16.0
 
 13.3
 
August
   
 15.3
 
13.2
 
September
   
 15.3
 
 12.3
 
October
 13.6
 
 15.2
 
 12.2
 
November
 14.6
 
 15.8
   13.2  
December
 15.5
 
 16.6
     
             
 * NOTE:  Selected Working Capital Components - November 30, 2008 (a)
             
 Unaudited Data
           
 ($ in millions)
Operating Segments (b)
         
 Accounts receivable (c)
  1,241 
         
 Inventories (d)
   703 
         
 (Less) Trade and other payables
       (890)
         
 Net
1,054 
         
 
 (a) Working Capital Components exclude the businesses acquired upon the completion of the Hercules acquisition.  
 (b) Represents amounts considered for internal performance metrics applicable to most employees.  
 (c) Accounts receivable is shown net of allowances for doubtful accounts.  
 (d) Operating segment amount excludes LIFO reserve.