Related Party Transactions

12 Months Ended

Dec. 31, 2013

Related Party Transactions

17. Related Party Transactions

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

	Armand						ArmaKleen						Natronx
	Year Ended December 31,						Year Ended December 31,						Year Ended December 31,
	2013		2012		2011		2013		2012		2011		2013		2012		2011
Purchases by Company	$	22.5	$	21.3	$	19.6	$	0.0	$	0.0	$	0.0	$	0.0	$	0.0	$	0.0
Sales by Company	$	0.0	$	0.0	$	0.0	$	1.3	$	5.5	$	5.5	$	1.9	$	2.4	$	0.0
Outstanding Accounts Receivable	$	0.4	$	0.1	$	0.3	$	0.8	$	0.4	$	0.7	$	0.1	$	0.0	$	0.0
Outstanding Accounts Payable	$	1.8	$	1.8	$	2.3	$	0.0	$	0.0	$	0.0	$	0.0	$	0.0	$	0.0
Administration & Management Oversight Services(1)	$	1.9	$	1.7	$	1.7	$	2.1	$	1.7	$	2.5	$	1.1	$	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 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.