Related Party Transactions

9 Months Ended

Sep. 30, 2013

Related Party Transactions

15. Related Party Transactions

The following summarizes the balances and transactions between the Company and (i) Armand Products Company (“Armand”) and The ArmaKleen Company (“ArmaKleen”), in both of which the Company holds a 50% ownership interest, and (ii) Natronx Technologies LLC (“Natronx”), in which the Company holds a one-third ownership interest:

	Armand				ArmaKleen				Natronx
	Nine Months Ended				Nine Months Ended				Nine Months Ended
(In millions)	September 30, 2013		September 30, 2012		September 30, 2013		September 30, 2012		September 30, 2013		September 30, 2012
Purchases by Company	$	17.1	$	17.8	$	0.0	$	0.0	$	0.0	$	0.0
Sales by Company	$	0.0	$	0.0	$	1.0	$	3.9	$	1.3	$	2.0
Outstanding Accounts Receivable	$	0.5	$	0.1	$	0.4	$	0.5	$	0.1	$	0.2
Outstanding Accounts Payable	$	2.0	$	2.2	$	0.0	$	0.0	$	0.0	$	0.0
Administration & Management Oversight Services (1)	$	1.4	$	1.2	$	1.6	$	1.6	$	0.9	$	0.7

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

The Company recorded a $3.2 million impairment charge associated with one of its affiliates in the second quarter of 2013. The charge, recorded in Equity in Earnings (Losses) of Affiliates, is a result of the Company’s assessment of the financial impact from the delay in anticipated discounted cash flows from the affiliate.