EX-99.2 3 ecl-20160323ex9929f53d2.htm EX-99.2 ecl_Ex99_2

Exhibit 99.2

 

ECOLAB INC.

SUPPLEMENTAL REPORTABLE SEGMENT INFORMATION

2015 SEGMENT DATA AT 2016 FIXED CURRENCY EXCHANGE RATES

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

    

First
Quarter
Ended

    

Second
Quarter
Ended

    

Third
Quarter
Ended

    

Fourth
Quarter
Ended

    

Twelve
Months
Ended

(millions)

 

March 31

 

June 30

 

September 30

 

December 31

 

December 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Industrial

 

$

1,037.7 

 

$

1,103.2 

 

$

1,168.0 

 

$

1,176.6 

 

$

4,485.5 

Global Institutional

 

 

975.2 

 

 

1,054.1 

 

 

1,092.4 

 

 

1,089.2 

 

 

4,210.9 

Global Energy

 

 

890.8 

 

 

867.6 

 

 

827.3 

 

 

885.1 

 

 

3,470.8 

Other

 

 

172.0 

 

 

188.9 

 

 

195.0 

 

 

191.2 

 

 

747.1 

Subtotal at fixed currency

 

 

3,075.7 

 

 

3,213.8 

 

 

3,282.7 

 

 

3,342.1 

 

 

12,914.3 

Effect of foreign currency translation

 

221.9 

 

 

175.3 

 

 

163.7 

 

 

69.9 

 

 

630.8 

Consolidated

 

$

3,297.6 

 

$

3,389.1 

 

$

3,446.4 

 

$

3,412.0 

 

$

13,545.1 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Industrial

 

$

102.6 

 

$

147.9 

 

$

179.7 

 

$

196.2 

 

$

626.4 

Global Institutional

 

 

166.3 

 

 

228.5 

 

 

256.9 

 

 

224.9 

 

 

876.6 

Global Energy

 

 

104.2 

 

 

109.9 

 

 

111.1 

 

 

140.3 

 

 

465.5 

Other

 

 

23.1 

 

 

31.8 

 

 

37.0 

 

 

35.6 

 

 

127.5 

Corporate

 

 

(50.6)

 

 

(119.0)

 

 

(208.8)

 

 

(285.4)

 

 

(663.8)

Subtotal at fixed currency

 

 

345.6 

 

 

399.1 

 

 

375.9 

 

 

311.6 

 

 

1,432.2 

Effect of foreign currency translation

 

42.1 

 

 

38.7 

 

 

37.1 

 

 

11.2 

 

 

129.1 

Consolidated

 

$

387.7 

 

$

437.8 

 

$

413 

 

$

322.8 

 

$

1,561.3 

 


 

Note:  

We evaluate the performance of our non-U.S. dollar functional currency international operations based on fixed currency exchange rates, which eliminate the impact of exchange rate fluctuations on our international operations. Fixed currency amounts are updated annually at the beginning of each year based on translation into U.S. dollars at foreign currency exchange rates established by management, with all periods presented using such rates. Fixed currency rates are generally based on existing market rates at the time they are established.

As previously disclosed (on January 5, 2016), we deconsolidated our Venezuelan operations at the end of the fourth quarter of 2015. Prior to deconsolidation, across the second through fourth quarters of 2015, the Venezuelan bolivar operations within our Water, Paper, Food & Beverage, Institutional and Energy operating units were converted from the official exchange rate at the time of 6.3 bolivares to 1 U.S. dollar to the Marginal Currency System (SIMADI) rate of approximately 200 bolivares to 1 U.S. dollar. To state our historical Venezuelan bolivar operations at a consistent conversion rate, the above table shows all Venezuelan bolivar results at the SIMADI conversion rate of approximately 200 bolivares to 1 U.S. dollar. 

The difference between the fixed currency exchange rates and the actual currency exchange rates is reported within the "Effect of foreign currency translation" row in the table above.