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SEGMENTS AND GEOGRAPHIC REGIONS (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Geographic Area Information
Geographic Region Information
United States
EMEA
Rest of World
Total
In millions
2018
 
 
 
 
Sales to external customers
$
29,736

$
24,371

$
31,870

$
85,977

Long-lived assets
$
23,264

$
6,495

$
6,089

$
35,848

2017
 
 
 
 
Sales to external customers
$
21,210

$
18,069

$
23,205

$
62,484

Long-lived assets
$
23,274

$
6,252

$
6,721

$
36,247

2016
 
 
 
 
Sales to external customers
$
16,681

$
13,633

$
17,844

$
48,158

Long-lived assets
$
14,812

$
2,708

$
5,966

$
23,486



Schedule of Operating Segment Information
Segment Information
Agri-culture
Perf. Materials & Coatings
Ind. Interm. & Infrast.
Pack. & Spec. Plastics
Elect. & Imaging
Nutrition & Biosciences
Transp. & Adv. Polymers
Safety & Const.
Corp.
Total
In millions
2018
 
 
 
 
 
 
 
 
 
 
Net sales
$
14,301

$
9,575

$
15,116

$
24,096

$
4,720

$
6,801

$
5,620

$
5,453

$
295

$
85,977

Restructuring, goodwill impairment and asset related charges - net 1
479

21

11

46

2

29

2

24

491

1,105

Equity in earnings (losses) of nonconsolidated affiliates

4

284

287

412

16


24

(26
)
1,001

Operating EBITDA 2
2,705

2,170

2,543

4,926

1,902

1,632

1,702

1,427

(714
)
18,293

Depreciation and amortization
941

855

653

1,239

452

681

442

542

113

5,918

Total assets
43,880

14,208

12,932

27,192

14,947

24,359

14,837

15,247

20,428

188,030

Investment in nonconsolidated affiliates
138

100

1,850

1,278

1,053

212

76

337

160

5,204

Capital expenditures
649

409

417

1,163

279

391

182

347


3,837

2017
 
 
 
 
 
 
 
 
 
 
Net sales
$
7,516

$
8,809

$
12,647

$
21,456

$
3,356

$
2,786

$
2,521

$
3,006

$
387

$
62,484

Pro forma net sales
14,342

8,768

12,640

22,392

4,775

5,952

5,131

5,142

393

79,535

Restructuring, goodwill impairment and asset related charges - net 1
134

1,578

17

716

125

1

2

53

654

3,280

Equity in earnings (losses) of nonconsolidated affiliates
3

41

172

189

356

13

(1
)
2

(11
)
764

Pro forma Operating EBITDA 3
2,611

1,774

2,282

4,698

1,840

1,296

1,319

1,194

(848
)
16,166

Depreciation and amortization
427

854

604

911

329

248

200

266

130

3,969

Total assets
45,569

14,907

12,108

25,809

15,066

25,315

14,712

15,452

23,226

192,164

Investment in nonconsolidated affiliates
333

103

1,699

1,184

1,196

203

76

359

183

5,336

Capital expenditures
310

446

295

1,965

138

156

74

186


3,570

2016
 
 
 
 
 
 
 
 
 
 
Net sales
$
6,173

$
6,439

$
10,832

$
18,404

$
2,307

$
948

$
897

$
1,877

$
281

$
48,158

Pro forma net sales
14,060

6,389

10,820

19,848

4,266

5,736

4,497

4,984

294

70,894

Restructuring, goodwill impairment and asset related charges - net 1
5

42

83

10


1


(3
)
457

595

Asbestos-related charge 4








1,113

1,113

Equity in earnings (losses) of nonconsolidated affiliates
5

98

(18
)
137

234

10

3

1

(28
)
442

Pro forma Operating EBITDA 3
2,322

1,015

1,675

5,129

1,388

1,227

1,043

1,133

(818
)
14,114

Depreciation and amortization
186

657

649

770

235

64

59

121

121

2,862

Total assets
6,960

16,256

11,638

17,837

7,592

1,202

1,807

2,832

13,387

79,511

Investment in nonconsolidated affiliates
84

280

1,588

881

659

30


7

218

3,747

Capital expenditures
222

404

232

2,731

83

28

16

88


3,804


1.
See Note 6 for information regarding the Company's restructuring programs and other asset related charges.
2.
A reconciliation of "Income from continuing operations, net of tax" to Operating EBITDA is provided in the table on the following page.
3.
A reconciliation of "Income from continuing operations, net of tax" to pro forma Operating EBITDA is provided in the table on the following page.
4.
See Note 16 for information regarding the asbestos-related charge.
Schedule of Reconciliation of Income from Continuing Operations, Net of Tax to Pro Forma Operating EBITDA
Reconciliation of "Income from continuing operations, net of tax" to Operating EBITDA
2018
In millions
Income from continuing operations, net of tax
$
4,004

+ Provision for income taxes on continuing operations
1,489

Income from continuing operations before income taxes
$
5,493

+ Depreciation and amortization
5,918

- Interest income 1
210

+ Interest expense and amortization of debt discount
1,504

- Foreign exchange gains (losses), net 1, 2
(184
)
EBITDA
$
12,889

- Significant items
(5,404
)
Operating EBITDA
$
18,293


1.
Included in "Sundry income (expense) - net."
2. Excludes a $50 million pretax foreign exchange loss significant item related to adjustments to Historical DuPont's foreign currency exchange contracts as a result of U.S. tax reform during the twelve months ended December 31, 2018.

Reconciliation of "Income from continuing operations, net of tax" to Pro Forma Operating EBITDA
2017
2016
In millions
Income from continuing operations, net of tax
$
1,669

$
4,404

+ Provision (Credit) for income taxes on continuing operations
(476
)
9

Income from continuing operations before income taxes
$
1,193

$
4,413

+ Depreciation and amortization
3,969

2,862

- Interest income 1
147

107

+ Interest expense and amortization of debt discount
1,082

858

- Foreign exchange gains (losses), net 1
(63
)
(126
)
+ Pro forma adjustments
3,179

4,298

Pro forma EBITDA
$
9,339

$
12,450

- Adjusted significant items 2
(6,827
)
(1,664
)
Pro forma Operating EBITDA
$
16,166

$
14,114


1.
Included in "Sundry income (expense) - net."
2.
Significant items, excluding the impact of one-time transaction costs directly attributable to the Merger and reflected in the pro forma adjustments.

Schedule of Certain Items by Segment
The following tables summarize the pretax impact of significant items and adjusted significant items by segment that are excluded from Operating EBITDA and pro forma Operating EBITDA:
Significant Items by Segment for 2018
Agri-culture
Perf. Materials & Coatings
Ind. Interm. & Infrast.
Pack. & Spec. Plastics
Elect. & Imaging
Nutrition & Biosciences
Transp. & Adv. Polymers
Safety & Const.
Corp.
Total
In millions
Net loss on divestitures and change in joint venture ownership 1
$
22

$
(20
)
$
20

$

$
(27
)
$

$

$
(14
)
$

$
(19
)
Integration and separation costs 2








(2,463
)
(2,463
)
Inventory step-up amortization 3
(1,554
)


(2
)

(67
)

(5
)

(1,628
)
Restructuring, goodwill impairment and asset related charges - net 4, 5
(479
)
(21
)
(11
)
(46
)
(2
)
(29
)
(6
)
(24
)
(491
)
(1,109
)
Loss on early extinguishment of
debt 6








(135
)
(135
)
Income tax related item 7








(50
)
(50
)
Total
$
(2,011
)
$
(41
)
$
9

$
(48
)
$
(29
)
$
(96
)
$
(6
)
$
(43
)
$
(3,139
)
$
(5,404
)

1.
Includes a gain related to Historical Dow's sale of its equity interest in MEGlobal, a gain related to Agriculture asset sales and a loss related to post-closing adjustments on the Dow Silicones ownership restructure.
2.
Integration and separation costs related to post-Merger integration and Intended Business Separation activities, and costs related to the ownership restructure of Dow Silicones.
3.
Includes the fair value step-up of Historical DuPont's inventories as a result of the Merger and the acquisition of the H&N Business. See Note 3 for additional information.
4.
Includes Board approved restructuring plans and asset related charges, which include other asset impairments. See Note 6 for additional information. Also includes net favorable adjustments of $14 million related to prior Historical Dow and Historical DuPont restructuring programs and other asset-related charges.
5.
Includes a $4 million dollar restructuring charge related to an equity affiliate of Transportation & Advanced Polymers that is reflected in "Equity in earnings of nonconsolidated affiliates" in the consolidated financial statements.
6.
Historical Dow and Historical DuPont retired outstanding notes payable resulting in a loss on early extinguishment. See Note 15 for additional information.
7.
Includes a foreign exchange loss related to adjustments to Historical DuPont's foreign currency exchange contracts as a result of U.S. tax reform.

Adjusted Significant Items by Segment for 2017 (Pro Forma)
Agri-culture
Perf. Materials & Coatings
Ind. Interm. & Infrast.
Pack. & Spec. Plastics
Elect. & Imaging
Nutrition & Biosciences
Transp. & Adv. Polymers
Safety & Const.
Corp.
Total
In millions
Gains on sales of businesses/entities 1
$
635

$

$

$
227

$

$
162

$

$

$
7

$
1,031

Integration and separation costs 2








(1,499
)
(1,499
)
Inventory step-up amortization 3
(425
)


(120
)
(144
)
(404
)
(212
)
(178
)

(1,483
)
Litigation related charges, awards and adjustments 4
(469
)


137






(332
)
Restructuring, goodwill impairment and asset related charges - net 5
(134
)
(1,578
)
(17
)
(716
)
(128
)
(7
)
(6
)
(318
)
(690
)
(3,594
)
Settlement and curtailment items 6








(892
)
(892
)
Transaction costs and productivity actions 7








(58
)
(58
)
Total
$
(393
)
$
(1,578
)
$
(17
)
$
(472
)
$
(272
)
$
(249
)
$
(218
)
$
(496
)
$
(3,132
)
$
(6,827
)
1.
Includes the sale of the DAS Divested Ag Business ($635 million), the sale of Historical Dow's EAA Business ($227 million), the sale of Historical DuPont's global food safety diagnostic business ($162 million) and post-closing adjustments on the split-off of Historical Dow's chlorine value chain ($7 million). See Note 5 for additional information.
2.
Integration and separation costs related to the Merger, post-Merger integration and Intended Business Separation activities, and costs related to the ownership restructure of Dow Silicones.
3.
Includes the fair value step-up of Historical DuPont's inventories as a result of the Merger and the acquisition of the H&N Business of $1,469 million and the amortization of a basis difference related to the fair value step-up of inventories of $14 million. See Note 3 for additional information.
4.
Includes an arbitration matter with Bayer CropScience ($469 million charge) and a patent infringement matter with Nova Chemicals Corporation ($137 million gain). See Note 16 for additional information.
5.
Includes Board approved restructuring plans, goodwill impairment and asset related charges, which includes other asset impairments. See Note 6 for additional information.
6.
Includes a settlement charge related to the payment of plan obligations to certain participants of a Historical Dow U.S. non-qualified pension plan as a result of the Merger. See Note 19 for additional information.
7.
Includes implementation costs associated with Historical Dow's restructuring programs and other productivity actions.
Adjusted Significant Items by Segment for 2016 (Pro Forma)
Agri-culture
Perf. Materials & Coatings
Ind. Interm. & Infrast.
Pack. & Spec. Plastics
Elect. & Imaging
Nutrition & Biosciences
Transp. & Adv. Polymers
Safety & Const.
Corp.
Total
In millions
Asbestos-related charge 1
$

$

$

$

$

$

$

$

$
(1,113
)
$
(1,113
)
Charge for the termination of a terminal use agreement 2



(117
)





(117
)
Settlement and curtailment items 3








382

382

Customer claims adjustment/ recovery 4
53









53

Environmental charges 5
(2
)

(1
)
(2
)




(290
)
(295
)
Gains on sales of businesses/entities 6








375

375

Impact of Dow Silicones ownership restructure 7

1,389



438


279



2,106

Integration and separation costs 8








(476
)
(476
)
Litigation related charges, awards and adjustments 9

16

(1,235
)

4


7



(1,208
)
Restructuring, goodwill impairment and asset related charges - net 10
(96
)
(42
)
(83
)
(10
)
(2
)
(162
)
(7
)

(774
)
(1,176
)
Transaction costs and productivity actions 11








(195
)
(195
)
Total
$
(45
)
$
1,363

$
(1,319
)
$
(129
)
$
440

$
(162
)
$
279

$

$
(2,091
)
$
(1,664
)
1.
Pretax charge related to Historical Dow's election to change its method of accounting for asbestos-related defense costs from expensing as incurred to estimating and accruing a liability. As a result of this accounting policy change, Historical Dow recorded a pretax charge of $1,009 million for asbestos-related defense costs through the terminal date of 2049. Historical Dow also recorded a pretax charge of $104 million to increase the asbestos-related liability for pending and future claims through the terminal date of 2049. See Note 16 for additional information.
2.
Pretax charge related to Historical Dow's termination of a terminal use agreement.
3.
Pretax curtailment gain related to changes to Historical DuPont's U.S. pension plan and U.S. other postretirement benefits plan.
4.
Includes a reduction in customer claims accrual ($23 million) and insurance recoveries for recovery of costs for customer claims ($30 million) related to the use of Historical DuPont's IMPRELIS® herbicide.
5.
Pretax charge for environmental remediation activities at a number of Historical Dow locations, primarily resulting from the culmination of negotiations with regulators and/or final agency approval. See Note 16 for additional information.
6.
Includes a gain for post-closing adjustments on the split-off of the chlorine value chain ($6 million) and the sale of the Historical DuPont (Shenzhen) Manufacturing Limited entity ($369 million).
7.
Includes a non-taxable gain of $2,445 million related to the Dow Silicones ownership restructure; a $317 million charge for the fair value step-up of inventories; and, a pretax loss of $22 million related to the early redemption of debt incurred by Dow Silicones. See Note 3 for additional information.
8.
Integration and separation costs related to the Merger and the ownership restructure of Dow Silicones.
9.
Includes a loss of $1,235 million related to Historical Dow's settlement of the urethane matters class action lawsuit and the opt-out cases litigation and a gain of $27 million related to a decrease in Dow Silicones' implant liability. See Note 16 for additional information.
10.
Includes Historical Dow and Historical DuPont restructuring activities. See Note 6 for additional information. Also includes a pretax charge related to AgroFresh, including a partial impairment of Historical Dow’s investment in AFSI ($143 million) and post-closing adjustments related to non-cash consideration ($20 million); a pretax charge for the write-down of Historical DuPont's indefinite lived intangible assets ($158 million) related to the realignment of brand marketing strategies and a determination to phase out the use of certain acquired trade names; and, a pretax charge related to the write-down of Historical DuPont's uncompleted enterprise resource planning system ($435 million).
11.
Includes implementation costs associated with Historical Dow's restructuring programs and other productivity actions of $162 million and a charge of $33 million for a retained litigation matter related to the chlorine value chain.