Related Party Transactions

9 Months Ended

Sep. 30, 2011

Related Party Transactions [Abstract]

Related Party Transactions

16. Related Party Transactions

The following table summarizes the balances and transactions between the Company and each of two 50% owned entities, Armand Products Company ("Armand") and The ArmaKleen Company ("ArmaKleen"):

	Armand Nine Months Ended				ArmaKleen Nine Months Ended
(In millions)	September 30, 2011		October 1, 2010		September 30, 2011		October 1, 2010
Purchases by Company	$	14.3	$	10.5	$	0.0	$	0.0
Sales by Company	$	0.0	$	0.0	$	4.1	$	4.1
Outstanding Accounts Receivable	$	0.3	$	0.2	$	1.6	$	0.8
Outstanding Accounts Payable	$	2.2	$	1.4	$	0.0	$	0.0
Administration & Management Oversight Services (1)	$	1.2	$	1.3	$	2.0	$	1.9

⁽¹⁾  Billed by Company and recorded as a reduction of selling, general and administrative expenses.

On September 22, 2011, the Company, together with FMC Corporation and TATA Chemicals, formed an air pollution control joint venture, Natronx Technologies LLC ("Natronx"). The Company has a one-third ownership in the joint venture and the investment will be accounted for under the equity method. All members will share equally in the operating results and cash flows of the business. Each member will have an equal amount of board of director positions and no member will have the ability to direct the activities of the venture. The joint venture will engage in the manufacturing and marketing of sodium-based, dry sorbents for air pollution control in electric utility and industrial boiler operations. Natronx intends to invest approximately $60 million to construct a 450,000 ton per year facility in Wyoming to produce trona sorbents by the fourth quarter of 2012, of which the cost will be equally shared among all members.