Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Segment Reporting Information, by Segment

The following table summarizes financial information regarding each reportable segment’s results of operations for the periods presented.



	Year Ended December 31,
(amounts in millions)	2016		2015		2014
Net Sales:
Performance Solutions	$	1,770.1	$	800.8	$	755.2
Agricultural Solutions	1,815.8		1,741.5		88.0
Consolidated net sales	$	3,585.9	$	2,542.3	$	843.2
Depreciation and amortization:
Performance Solutions	$	156.5	$	80.0	$	76.3
Agricultural Solutions	185.8		171.0		11.7
Consolidated depreciation and amortization	$	342.3	$	251.0	$	88.0
Adjusted EBITDA:
Performance Solutions	$	401.3	$	224.3	$	196.2
Agricultural Solutions	368.2		343.4		16.0
Consolidated adjusted EBITDA	$	769.5	$	567.7	$	212.2

The following table reconciles "Net loss attributable to common stockholders" to consolidated Adjusted EBITDA:



	Year Ended December 31,
(amounts in millions)	2016			2015			2014
Net loss attributable to common stockholders	$	(40.8	)	$	(308.6	)	$	(262.6	)
Gain on amendment of Series B Convertible Preferred Stock	(32.9		)	—			—
Stock dividend on Founder's preferred shares	—			—			232.7
Net income attributable to the non-controlling interests	(3.0		)	4.2			5.7
Income tax expense (benefit)	28.6			75.1			(6.7		)
Loss before income taxes and non-controlling interests	(48.1		)	(229.3		)	(30.9		)
Adjustments to reconcile to Adjusted EBITDA:
Interest expense, net	375.7			213.9			37.9
Depreciation expense	75.0			48.9			20.6
Amortization expense	267.3			202.1			67.4
Restructuring expense	31.1			25.3			3.0
Manufacturer's profit in inventory purchase accounting adjustments	11.7			76.5			35.5
Acquisition and integration costs	33.4			122.4			47.8
Non-cash change in fair value contingent consideration	5.1			6.8			29.1
Legal settlement	(2.8		)	(16.0		)	—
Foreign exchange loss on foreign denominated external and internal debt	33.9			46.4			1.1
Fair value loss on foreign exchange forward contract	—			73.7			(0.3		)
Goodwill impairment	46.6			—			—
Gain on settlement agreement related to Series B Convertible Preferred Stock	(103.0		)	—			—
Non-cash change in fair value of preferred stock redemption liability	5.0			—			—
Debt refinancing costs	19.7			—			—
Other expense (income), net	18.9			(3.0		)	1.0
Adjusted EBITDA	$	769.5		$	567.7		$	212.2

Revenue from External Customers by Geographic Areas

The following table sets forth the Company's total net sales by geographic area based on the country where sales were generated:



	Year Ended December 31,
(amounts in millions)	2016		2015		2014
United States	$	725.4	$	474.6	$	217.4
Foreign Net Sales:
Brazil	463.0		380.6		70.9
China	330.6		108.3		87.8
France	227.8		196.8		64.3
Germany	172.9		35.4		22.0
Japan	145.7		166.6		22.9
United Kingdom	145.5		127.3		119.1
Other countries	1,375.0		1,052.7		238.8
Total Foreign Net Sales	2,860.5		2,067.7		625.8
Total consolidated net sales	$	3,585.9	$	2,542.3	$	843.2

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table provides the Company's total long-lived assets by geographic area:



	December 31,
(amounts in millions)	2016		2015
United States	$	137.4	$	138.3
Foreign countries
China	47.3		55.1
France	47.2		50.9
Brazil	36.9		28.7
Germany	30.0		33.0
United Kingdom	23.4		33.6
Other countries	138.3		152.0
Total foreign countries	323.1		353.3
Total long-lived assets, net⁽¹⁾	$	460.5	$	491.6

⁽¹⁾Long-lived assets represent property, plant, and equipment, net.

Reconciliation of Revenue from Segments to Consolidated

The following table shows the Company's external party sales by product category for the periods presented:



	Year Ended December 31,
(amounts in millions)	2016		2015		2014
Performance Solutions
Assembly Solutions	$	554.5	$	41.1	$	—
Electronics Solutions	525.9		198.8		159.9
Industrial Solutions	445.0		287.8		336.7
Graphic Solutions	171.8		173.9		165.9
Offshore Solutions	72.9		99.2		92.7
Performance Solutions sales	1,770.1		800.8		755.2
Agricultural Solutions ⁽¹⁾	1,815.8		1,741.5		88.0
Total consolidated net sales	$	3,585.9	$	2,542.3	$	843.2

⁽¹⁾ Agricultural Solutions product offerings are comprised of five major global product lines: fungicides and biofungicides; herbicides; insecticides, bioinsecticides and acaricides; biostimulants and innovative nutrition; and seed treatments. However, the segment manages and reports sales on a regional basis, making it impractical to present such data by product line.