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INVESTMENTS AND RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2014
Summary of maximum exposure to loss associated with RS Cogen

 

                                                                                                                                                                                    

(In millions) 

 

2014

 

2013

 

Investment in and net advances to RS Cogen

 

$

4.6 

 

$

10.9 

 

Supply contracts

 

 

38.5 

 

 

40.6 

 

​  

​  

​  

​  

Maximum exposure to loss

 

$

43.1 

 

$

51.5 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of reconciliation of minority partner's ownership, reported as noncontrolling interest

 

                                                                                                                                                                                    

 

(In millions) 

 

2014

 

2013

 

 

Noncontrolling interest at January 1, 2014

 

$

119.4

 

$

-

 

 

Net income attributable to noncontrolling interest

 

 

3.9

 

 

2.7

 

 

Other comprehensive loss attributable to noncontrolling interest (1)

 

 

(7.7

)

 

-

 

 

Noncontrolling interest recognized in connection with the merger

 

 

-

 

 

130.0

 

 

Distribution to noncontrolling interest

 

 

(7.7

)

 

(13.3

)

​  

​  

​  

​  

 

Noncontrolling interest at December 31, 2014

 

$

107.9

 

$

119.4

 

​  

​  

​  

​  

​  

​  

​  

​  


(1)

Other comprehensive loss attributable to noncontrolling interest primarily relates to change in foreign currency translation adjustment.

 

Chlorovinyls  
Schedule of related party balances

 

                                                                                                                                                                                    

(In millions) 

 

2014

 

2013

 

2012

 

Financial Statement
Classification

Investment in joint venture

 

$

11.0 

 

$

11.7 

 

 

NA

 

Other long term assets

Receivables due from affiliates

 

 

5.5 

 

 

5.0 

 

 

NA

 

Accounts receivables

Amounts due to affiliates

 

 

0.4 

 

 

1.9 

 

 

NA

 

Accounts payable

Equity in earnings from joint ventures

 

 

0.6 

 

 

0.8 

 

$

0.7 

 

Cost of sales

 

Building Products  
Schedule of related party balances

 

                                                                                                                                                                                    

(In millions) 

 

2014

 

2013

 

2012

 

Financial Statement
Classification

Investment in joint venture

 

$

2.5 

 

$

2.5 

 

 

NA

 

Other long term assets

Receivables due from affiliates

 

 

1.2 

 

 

1.0 

 

 

NA

 

Accounts receivables

Sales to affiliates

 

 

8.8 

 

 

11.6 

 

$

14.9 

 

Sales

Equity in earnings from joint ventures

 

 

0.3 

 

 

-

 

 

2.2 

 

Cost of sales