EX-99.18 19 ex99-18.htm ASHLAND INC. OPERATING SEGMENT TRADE WORKING CAPITAL ex99-18.htm
Exhibit 99.18
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Inc. operating segment trade working capital)
 
 
% of Annualized Sales#
            
 Monthly Actual %            
 
2007
  
2008
   2009  
January
 
  
17.0
  * 16.9  
February
 
  
16.7
  *  16.9  
March
 
  
15.6
  *   16.3  
April
 
  
15.5
  *     
May
 
  
15.1
  *     
June
 
  
15.2
  *     
July
 
  
14.6
  *     
August
 
  
14.5
  *     
September
 
  
13.7
  *     
October
16.3
  *
13.3
  *     
November
16.6
  * 14.1      
December
17.1
  * 16.2      
 
*NOTE:  Data has been adjusted to include the historical Hercules businesses, preceding its purchase in November 2008.
 
 
 
#NOTE:  Selected Working Capital Components - March 31, 2009
            
                         
Unaudited Data
                        
($ in millions)
  
Operating
      
Other
            
   
segments
  
(a)
  
components
      
Total
    
Accounts receivable (b)
     1,346         54  
(c)
     1,400    
Inventories (d)
     762         (134 )       628    
(Less) Trade and other payables
     (814 )       (397 )
(c)
     (1,211 )  
Net
     1,294         (477 )       817    
                               
(a) Represents amounts considered in internal performance metrics applicable to most employees.
        
(b) Accounts receivable is shown net of allowances for doubtful accounts.
      
(c) Amount relates to items within Corporate reporting segments.
        
(d) Operating segment amount excludes LIFO reserve, which is presented under other components.