SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2015

SEGMENT INFORMATION

SEGMENT INFORMATION

15. SEGMENT INFORMATION

We have three reportable segments through which we manage our operating activities: (i) chlorovinyls; (ii) building products; and (iii) aromatics. These three segments reflect the organization used by our management for internal reporting purposes. Our chlorovinyls segment produces a highly integrated chain of products, including chlor-alkali and derivative products (chlorine, caustic soda, VCM, vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) ("EDC"), chlorinated solvents, calcium hypochlorite, HCL and compound products (vinyl compounds and compound additives and plasticizers)). Our building products segment consists of two primary product groups: (i) window and door profiles and trim, mouldings and deck products; and (ii) outdoor building products, which includes siding, exterior accessories, pipe and pipe fittings. Our aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

Earnings of our segments exclude interest income and expense, unallocated corporate expenses and general plant services and provision for (benefit from) income taxes. Transactions between operating segments are valued at market based prices. The revenues generated by these transfers and reconciliations from consolidated operating income (loss) to consolidated net loss before income taxes for the three month periods ended March 31, 2015 and 2014 are provided in the tables below.

(In millions)	Chlorovinyls		Building Products			Aromatics		Eliminations, Unallocated and Other			Total
Three Months Ended March 31, 2015
Net sales	$	648.4	$	166.4		$	132.8	$	-		$	947.6
Intersegment revenues		56.1		-			-		(56.1	)		-
Total net sales	$	704.5		166.4			132.8		(56.1	)	$	947.6
Operating income (loss)	$	43.7		(10.3	)		0.2		(18.0	)	$	15.6
Interest expense, net												(18.8	)
Debt refinancing cost												(3.2	)
Foreign exchange loss												(0.2	)
Consolidated loss before income taxes											$	(6.6	)
Three Months Ended March 31, 2014
Net sales	$	682.2	$	154.7		$	156.8	$	-		$	993.7
Intersegment revenues		51.8		-			-		(51.8	)		-
Total net sales	$	734.0		154.7			156.8		(51.8	)	$	993.7
Operating income (loss)	$	23.3		(10.8	)		4.5		(17.4	)	$	(0.4	)
Interest expense, net												(18.3	)
Foreign exchange gain												0.4
Consolidated loss before income taxes											$	(18.3	)