Related Party Transactions

6 Months Ended

Jun. 30, 2014

Related Party Transactions

15. Related Party Transactions

The following summarizes the balances and transactions between the Company and each of (i) Armand Products Company (“Armand”) and The ArmaKleen Company (“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
	Six Months Ended				Six Months Ended				Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
Purchases by Company	$	11.3	$	10.1	$	0.0	$	0.0	$	0.0	$	0.0
Sales by Company	$	0.0	$	0.0	$	0.6	$	0.6	$	0.9	$	0.8
Outstanding Accounts Receivable	$	0.7	$	1.9	$	0.6	$	1.2	$	0.1	$	0.4
Outstanding Accounts Payable	$	2.8	$	1.9	$	0.0	$	0.0	$	0.0	$	0.0
Administration & Management Oversight Services (1)	$	1.1	$	0.8	$	1.0	$	1.1	$	0.5	$	0.7

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

The Company recorded a $3.2 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.