XML 95 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2014
SEGMENT INFORMATION  
Schedule of segment information

 

                                                                                                                                                                                    

(In millions) 

 

Chlorovinyls

 

Building
Products

 

Aromatics

 

Eliminations,
Unallocated
and Other

 

 

 

Total

 

Year Ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

2,930.2

 

$

878.6

 

$

759.9

 

$

-

 

 

 

$

4,568.7

 

Intersegment revenues

 

 

255.7

 

 

0.1

 

 

-

 

 

(255.8

)

 

 

 

-

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total net sales

 

$

3,185.9

 

 

878.7

 

 

759.9

 

 

(255.8

)

 

 

$

4,568.7

 

Transaction-related costs and other, net

 

$

6.3

 

 

6.3

 

 

-

 

 

25.8

 

 

 

$

38.4

 

Long-lived asset impairment charges, net

 

$

16.6

 

 

1.0

 

 

-

 

 

-

 

 

 

$

17.6

 

Depreciation and amortization

 

$

200.3

 

 

34.5

 

 

2.0

 

 

9.7

 

 

 

$

246.5

 

Operating income (loss)

 

$

213.9

 

 

25.8

 

 

(20.7

)

 

(84.9

)

(1)

 

$

134.1

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(75.8

)

Foreign exchange loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.6

)

​  

​  

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

57.7

 

​  

​  

​  

​  

​  

Capital expenditures

 

$

145.7

 

 

40.6

 

 

11.2

 

 

13.0

 

 

 

$

210.5

 

Total assets

 

$

4,872.0

 

 

581.3

 

 

119.0

 

 

102.0

 

 

 

$

5,674.3

 

Year Ended December 31, 2013

 

 


 

 

 


 

 

 


 

 

 


 

 

 

 

 


 

 

Net sales

 

$

2,917.3

 

$

849.9

 

$

898.8

 

$

-

 

 

 

$

4,666.0

 

Intersegment revenues

 

 

226.2

 

 

0.1

 

 

-

 

 

(226.3

)

 

 

 

-  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total net sales

 

$

3,143.5

 

$

850.0

 

$

898.8

 

$

(226.3

)

 

 

$

4,666.0

 

Transaction-related costs (recoveries) and other, net

 

$

(8.7

)

 

3.2

 

 

-

 

 

41.1

 

 

 

$

35.6

 

Long-lived asset impairment charges, net

 

$

-

 

 

28.5

 

 

-

 

 

7.5

 

 

 

$

36.0

 

Depreciation and amortization

 

$

174.2

 

 

35.7

 

 

1.2

 

 

6.9

 

 

 

$

218.0

 

Operating income (loss)

 

$

434.9

 

 

3.0

 

 

29.1

 

 

(96.2

)

(1)

 

$

370.8

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(76.6

)

Loss on redemption and other debt costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(78.5

)

Gain on acquisition of controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25.9

 

​  

​  

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

241.6

 

​  

​  

​  

​  

​  

Capital expenditures

 

$

132.7

 

 

44.4

 

 

7.1

 

 

11.9

 

 

 

$

196.1

 

Total assets

 

$

5,074.0

 

 

577.8

 

 

146.8

 

 

78.6

 

 

 

$

5,877.2

 

Year Ended December 31, 2012

 

 


 

 

 


 

 

 


 

 

 


 

 

 

 

 


 

 

Net sales

 

$

1,344.9

 

$

876.6

 

$

1,104.3

 

$

-

 

 

 

$

3,325.8

 

Intersegment revenues

 

$

236.1

 

 

0.4

 

 

-

 

 

(236.5

)

 

 

$

-  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total net sales

 

$

1,581.0

 

 

877.0

 

 

1,104.3

 

 

(236.5

)

 

 

$

3,325.8

 

Transaction-related costs and other, net

 

$

1.3

 

 

1.5

 

 

-

 

 

36.1

 

 

 

$

38.9

 

Long-lived asset impairment charges, net

 

$

-

 

 

(0.8

)

 

-

 

 

-

 

 

 

$

(0.8

)

Depreciation and amortization

 

$

45.2

 

 

38.4

 

 

1.5

 

 

4.7

 

 

 

$

89.8

 

Gain on sale of assets

 

$

(19.3

)

 

-

 

 

-

 

 

-

 

 

 

$

(19.3

)

Operating income

 

$

237.2

 

 

18.4

 

 

64.6

 

 

(82.1

)

(1)

 

$

238.1

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(57.1

)

Loss on redemption and other debt costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.7

)

Foreign exchange loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.6

)

​  

​  

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

177.7

 

​  

​  

​  

​  

​  

Capital expenditures

 

$

44.7

 

 

24.9

 

 

2.7

 

 

8.0

 

 

 

$

80.3

 

Total assets

 

$

966.4

 

 

604.5

 

 

180.1

 

 

50.3

 

 

 

$

1,801.3

 


(1)

Includes shared services, administrative and legal expenses.

 

Schedule of sales by product line

 

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

(In millions) 

 

2014

 

2013

 

2012

 

Chlorovinyls

 

 

 

 

 

 

 

 

 

 

Chlor-alkali and derivative products

 

$

2,435.3 

 

$

2,447.2 

 

$

886.2 

 

Compound products

 

 

494.9 

 

 

470.1 

 

 

458.7 

 

​  

​  

​  

​  

​  

​  

Total

 

 

2,930.2 

 

 

2,917.3 

 

 

1,344.9 

 

​  

​  

​  

​  

​  

​  

Building Products

 

 

 

 

 

 

 

 

 

 

Window and door profiles and moulding products

 

 

314.5 

 

 

314.4 

 

 

319.1 

 

Outdoor building products

 

 

564.1 

 

 

535.5 

 

 

557.5 

 

​  

​  

​  

​  

​  

​  

Total

 

 

878.6 

 

 

849.9 

 

 

876.6 

 

​  

​  

​  

​  

​  

​  

Aromatics

 

 

 

 

 

 

 

 

 

 

Cumene products

 

 

499.2 

 

 

569.8 

 

 

763.5 

 

Phenol and acetone products

 

 

260.7 

 

 

329.0 

 

 

340.8 

 

​  

​  

​  

​  

​  

​  

Total

 

 

759.9 

 

 

898.8 

 

 

1,104.3 

 

​  

​  

​  

​  

​  

​  

Net Sales

 

$

4,568.7 

 

$

4,666.0 

 

$

3,325.8 

 

 

Schedule of sales attributable to geographic areas based on customer location

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

(In millions) 

 

2014

 

2013

 

2012

 

Net sales:

 

 

 

 

 

 

 

 

 

 

United States

 

$

3,663.0 

 

$

3,748.1 

 

$

2,625.7 

 

Non-U.S.

 

 

905.7 

 

 

917.9 

 

 

700.1 

 

​  

​  

​  

​  

​  

​  

Net Sales

 

$

4,568.7 

 

$

4,666.0 

 

$

3,325.8 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of long-lived assets, excluding intangible assets, property, plant and equipment by geographic areas

 

                                                                                                                                                                                    

 

 

December 31,

 

(In millions) 

 

2014

 

2013

 

Long-lived assets (excluding intangible assets):

 

 

 

 

 

 

 

United States

 

$

1,379.7 

 

$

1,335.4 

 

Non-U.S.

 

 

286.0 

 

 

323.3 

 

​  

​  

​  

​  

Total

 

$

1,665.7 

 

$

1,658.7 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of net assets (liabilities) by geographic locations

 

                                                                                                                                                                                    

 

 

December 31,

 

(In millions) 

 

2014

 

2013

 

Net assets (liabilities):

 

 

 

 

 

 

 

United States

 

$

2,255.2 

 

$

2,375.3 

 

Non-U.S.

 

 

333.8 

 

 

353.0 

 

​  

​  

​  

​  

Total

 

$

2,589.0 

 

$

2,728.3 

 

​  

​  

​  

​  

​  

​  

​  

​