EX-99.01 9 ex9901.htm CASPI FINANCIAL INFORMATION CASPI Financial Information
 
EXHIBIT 99.01
   
   

TABLE 5 - CASPI SEGMENT DETAIL OF SALES REVENUE, OPERATING EARNINGS (LOSS) AND ASSET IMPAIRMENTS AND RESTRUCTURING CHARGES

   
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Twelve Months
(Dollars in millions)
 
2005
 
2005
 
2005
 
2005
 
2005
                     
Sales Revenue
                   
Sales revenue - CASPI restructured, divested, and consolidated product lines (1)
$
--
$
--
$
--
$
--
$
--
Sales revenue - continuing product lines
 
319
 
325
 
333
 
322
 
1,299
Total sales revenue
$
319
$
325
$
333
$
322
$
1,299
                     
Operating Earnings (Loss) and Asset Impairments and Restructuring Charges
Operating loss - CASPI restructured, divested, and consolidated product lines (1) (2)
$
--
$
--
$
--
$
--
$
--
Operating earnings - continuing product lines
 
67
 
64
 
64
 
34
 
229
Total Operating earnings (loss)
$
67
$
64
$
64
$
34
$
229
                     
Asset impairments and restructuring charges - CASPI restructured, divested, and consolidated product lines (1)
$
1
$
1
$
1
$
1
$
4
Asset impairments and restructuring charges - continuing product lines
 
--
 
--
 
--
 
--
 
--
Total asset impairments and restructuring charges
$
1
$
1
$
1
$
1
$
4
                     
Other operating income - CASPI restructured, divested, and consolidated product lines (1)
$
(2)
$
--
$
--
$
--
$
(2)
Other operating income - continuing product lines
 
--
 
--
 
--
 
--
 
--
Total other operating income
$
(2)
$
--
$
--
$
--
$
(2)

   
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Twelve Months
(Dollars in millions)
 
2004
 
2004
 
2004
 
2004
 
2004
                     
Sales Revenue
                   
Sales revenue - CASPI restructured, divested, and consolidated product lines (1)
$
174
$
193
$
74
$
--
$
441
Sales revenue - continuing product lines
 
265
 
283
 
283
 
282
 
1,113
Total sales revenue
$
439
$
476
$
357
$
282
$
1,554
                     
Operating Earnings (Loss) and Asset Impairments and Restructuring Charges
Operating loss - CASPI restructured, divested, and consolidated product lines (1) (2)
$
(11)
$
(72)
$
(2)
$
--
$
(85)
Operating earnings - continuing product lines
 
41
 
48
 
40
 
23
 
152
Total Operating earnings (loss)
$
30
$
(24)
$
38
$
23
$
67
                     
Asset impairments and restructuring charges - CASPI restructured, divested, and consolidated product lines (1)
 
5
 
66
 
1
 
--
 
72
Asset impairments and restructuring charges - continuing product lines
 
1
 
3
 
3
 
2
 
9
Total asset impairments and restructuring charges
$
6
$
69
$
4
$
2
$
81

(1) These businesses and product lines include acrylate ester monomers, composites (unsaturated polyester resins), inks and graphic arts raw materials, liquid resins, powder resins and textile chemicals divested on July 31, 2004 as well as other restructuring, divestiture and consolidation activities that the Company has completed related to these businesses and product lines.

(2) Includes allocated costs consistent with the Company’s historical practices, some of which may remain and could be reallocated to the remainder of the segment and other segments.
 
140