XML 62 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

We define segment results as income before interest expense, interest income, other operating income, other expense and income taxes, and include the operating results of non-consolidated affiliates. Intersegment sales of $17.3 million for the three months ended March 31, 2013, represent the sale of caustic soda, bleach, potassium hydroxide and hydrochloric acid to Chemical Distribution from Chlor Alkali Products, at prices that approximate market, have been eliminated. Consistent with management’s monitoring of the operating segments, synergies realized of $2.9 million for the three months ended March 31, 2013 have been transferred from the Chlor Alkali Products segment to the Chemical Distribution segment, representing incremental earnings on volumes sold of caustic soda, bleach, potassium hydroxide and hydrochloric acid.

 
 
 
Three Months Ended
March 31,
 
 
 
 
 
2013
 
2012
Sales:
 
 
 
 
($ in millions)
Chlor Alkali Products
 
 
 
 
$
348.9

 
$
359.7

Chemical Distribution
 
 
 
 
110.4

 
—

Winchester
 
 
 
 
188.0

 
147.5

Intersegment Sales Elimination
 
 
 
 
(17.3
)
 
—

Total sales
 
 
 
 
$
630.0

 
$
507.2

Income before taxes:
 
 
 
 
 
 
 
Chlor Alkali Products
 
 
 
 
$
58.5

 
$
74.4

Chemical Distribution
 
 
 
 
4.1

 
—

Winchester
 
 
 
 
31.3

 
10.8

Corporate/other:
 
 
 
 
 
 
 
Pension income
 
 
 
 
6.3

 
6.3

Environmental expense
 
 
 
 
(1.8
)
 
(2.8
)
Other corporate and unallocated costs
 
 
 
 
(21.3
)
 
(17.9
)
Restructuring charges
 
 
 
 
(2.3
)
 
(1.9
)
Other operating income
 
 
 
 
0.2

 
0.5

Interest expense
 
 
 
 
(9.1
)
 
(6.5
)
Interest income
 
 
 
 
0.1

 
0.2

Other expense
 
 
 
 
(2.2
)
 
(2.6
)
Income before taxes
 
 
 
 
$
63.8

 
$
60.5