BUSINESS SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2013

BUSINESS SEGMENT INFORMATION [Abstract]

BUSINESS SEGMENT INFORMATION

Note 4:                          BUSINESS SEGMENT INFORMATION

As previously mentioned, we operate in five segments.  We determine our operating segments based on the discrete financial information that is regularly evaluated by our chief operating decision maker, our President and Chief Executive Officer, in deciding how to allocate resources and in assessing performance.  Intersegment sales are not material and are eliminated in the corporate segment.  Our reportable measure of profit or loss for each segment is operating profit, which is defined as net sales less cost of sales and selling, general and administrative expenses related to a segment's operations.  The costs deducted to arrive at operating profit do not include several items, such as net interest expense or income tax expense.  Segment assets are those assets used within each segment.  Corporate assets include assets used in the operation of this segment as well as those used by or shared amongst our segments, including certain cash and cash equivalents, fixed assets, assets associated with certain employee benefit plans, and other miscellaneous assets.

The following tables set forth certain financial information by segment:

	Nine Months Ended						Three Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Net sales:
Performance materials	$	362.7		$	362.6		$	126.1		$	116.7
Construction technologies		161.6			173.0			62.8			60.6
Energy services		223.6			185.5			72.8			69.1
Transportation		34.4			33.5			12.7			10.7
Intersegment sales		(27.1	)		(22.8	)		(10.9	)		(7.9	)
Total	$	755.2		$	731.8		$	263.5		$	249.2
Operating profit (loss):
Performance materials	$	2.6		$	61.2		$	(32.1	)	$	18.4
Construction technologies		10.3			14.3			9.3			7.0
Energy services		20.8			20.4			3.8			7.9
Transportation		1.0			0.7			0.5			0.2
Corporate		(18.1	)		(16.8	)		(6.1	)		(5.1	)
Total	$	16.6		$	79.8		$	(24.6	)	$	28.4
	As of Sep. 30, 2013			As of Dec. 31, 2012
Assets:
Performance materials	$	392.4		$	454.0
Construction technologies		172.3			157.6
Energy services		248.9			225.8
Transportation		4.2			4.0
Corporate		93.2			69.2
Total	$	911.0		$	910.6

	Nine Months Ended					Three Months Ended
	September 30,					September 30,
	2013		2012			2013		2012
Depreciation, depletion and amortization:
Performance materials	$	14.9	$	14.5		$	5.2	$	5.0
Construction technologies		4.0		4.0			1.3		1.3
Energy services		16.1		12.6			6.0		4.4
Transportation		0.1		0.1			-		0.1
Corporate		2.6		2.1			0.9		0.7
Total	$	37.7	$	33.3		$	13.4	$	11.5
Capital expenditures:
Performance materials	$	18.9	$	20.7		$	8.4	$	9.9
Construction technologies		2.1		7.9			1.5		1.6
Energy services		35.4		20.8			8.3		7.8
Transportation		0.2		-			0.1		-
Corporate		9.7		4.8			3.9		2.7
Total	$	66.3	$	54.2		$	22.2	$	22.0
Research and development (income) expense:
Performance materials	$	4.3	$	3.9		$	1.5	$	1.2
Construction technologies		2.1		1.8			0.7		0.6
Energy services		1.6		1.2			0.6		0.4
Corporate		-		(0.1	)		-		-
Total	$	8.5	$	6.2		$	3.2	$	2.0