10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

_________________________

FORM 10-Q

_________________________

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For Quarterly Period Ended June 30, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 1-12658

_________________________

ALBEMARLE CORPORATION

(Exact name of registrant as specified in its charter)

_________________________

VIRGINIA	54-1692118
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
451 FLORIDA STREET BATON ROUGE, LOUISIANA	70801
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code - (225) 388-8011

_________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  xNo  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  xNo  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Number of shares of common stock, $.01 par value, outstanding as of July 25, 2014: 78,241,156

ALBEMARLE CORPORATION

INDEX – FORM 10-Q

		Page Number(s)
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)
	Consolidated Statements of Income - Three Months and Six Months Ended June 30, 2014 and 2013	3
	Consolidated Statements of Comprehensive Income - Three Months and Six Months Ended June 30, 2014 and 2013	4
	Condensed Consolidated Balance Sheets - June 30, 2014 and December 31, 2013	5
	Consolidated Statements of Changes in Equity - Six Months Ended June 30, 2014 and 2013	6
	Condensed Consolidated Statements of Cash Flows - Six Months Ended June 30, 2014 and 2013	7
	Notes to the Condensed Consolidated Financial Statements	8-23
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	24-41
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	41
Item 4.	Controls and Procedures	42
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	42
Item 1A.	Risk Factors	43
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	43
Item 6.	Exhibits	43
SIGNATURES		44
EXHIBITS

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited).

ALBEMARLE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In Thousands, Except Per Share Amounts)

(Unaudited)

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
Net sales	$	604,721		$	576,842		$	1,204,564		$	1,163,439
Cost of goods sold	397,358			385,172			801,602			775,858
Gross profit	207,363			191,670			402,962			387,581
Selling, general and administrative expenses	67,011			61,725			145,115			125,300
Research and development expenses	21,937			21,565			44,509			41,518
Restructuring and other charges, net (Note 13)	8,175			—			25,175			—
Operating profit	110,240			108,380			188,163			220,763
Interest and financing expenses	(8,733		)	(7,608		)	(17,506		)	(12,839		)
Other (expenses) income, net	(979		)	(1,585		)	164			(5,779		)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments	100,528			99,187			170,821			202,145
Income tax expense	21,773			20,396			34,963			45,934
Income from continuing operations before equity in net income of unconsolidated investments	78,755			78,791			135,858			156,211
Equity in net income of unconsolidated investments (net of tax)	10,649			9,709			19,550			19,970
Net income from continuing operations	89,404			88,500			155,408			176,181
(Loss) income from discontinued operations (net of tax)	(60,025		)	2,628			(61,794		)	4,463
Net income	29,379			91,128			93,614			180,644
Net income attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income attributable to Albemarle Corporation	$	22,447		$	82,739		$	79,030		$	166,726
Basic earnings (loss) per share:
Continuing operations	$	1.05		$	0.95		$	1.78		$	1.88
Discontinued operations	(0.76		)	0.03			(0.78		)	0.05
	$	0.29		$	0.98		$	1.00		$	1.93
Diluted earnings (loss) per share:
Continuing operations	$	1.04		$	0.95		$	1.77		$	1.87
Discontinued operations	(0.76		)	0.03			(0.78		)	0.05
	$	0.28		$	0.98		$	0.99		$	1.92
Weighted-average common shares outstanding – basic	78,662			84,028			79,199			86,374
Weighted-average common shares outstanding – diluted	79,091			84,489			79,602			86,862
Cash dividends declared per share of common stock	$	0.275		$	0.240		$	0.550		$	0.480

See accompanying Notes to the Condensed Consolidated Financial Statements.

3

ALBEMARLE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands)

(Unaudited)

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
Net income	$	29,379		$	91,128		$	93,614		$	180,644
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(804		)	5,241			(6,062		)	(28,668		)
Pension and postretirement benefits	(167		)	(330		)	(468		)	(404		)
Unrealized loss on interest rate swap	(6,410		)	—			(10,421		)	—
Other	37			29			72			61
Total other comprehensive (loss) income, net of tax	(7,344		)	4,940			(16,879		)	(29,011		)
Comprehensive income	22,035			96,068			76,735			151,633
Comprehensive income attributable to non-controlling interests	(6,871		)	(8,156		)	(14,306		)	(13,989		)
Comprehensive income attributable to Albemarle Corporation	$	15,164		$	87,912		$	62,429		$	137,644

See accompanying Notes to the Condensed Consolidated Financial Statements.

4

ALBEMARLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In Thousands)

(Unaudited)

	June 30,		December 31,
	2014		2013
Assets
Current assets:
Cash and cash equivalents	$	515,119	$	477,239
Trade accounts receivable, less allowance for doubtful accounts (2014 – $1,613; 2013 – $1,614)	407,298		446,864
Other accounts receivable	39,413		45,094
Inventories	370,564		436,049
Assets of discontinued operations held for sale	137,984		—
Other current assets	55,505		77,669
Total current assets	1,525,883		1,482,915
Property, plant and equipment, at cost	2,628,376		2,972,084
Less accumulated depreciation and amortization	1,388,790		1,615,015
Net property, plant and equipment	1,239,586		1,357,069
Investments	224,050		212,178
Other assets	156,363		160,229
Goodwill	265,231		284,203
Other intangibles, net of amortization	43,419		88,203
Total assets	$	3,454,532	$	3,584,797
Liabilities And Equity
Current liabilities:
Accounts payable	$	185,024	$	194,064
Accrued expenses	216,232		190,533
Current portion of long-term debt	377,521		24,554
Dividends payable	21,268		19,197
Liabilities of discontinued operations held for sale	11,178		—
Income taxes payable	4,691		8,015
Total current liabilities	815,914		436,363
Long-term debt	685,845		1,054,310
Postretirement benefits	52,909		53,903
Pension benefits	71,866		57,647
Other noncurrent liabilities	96,472		110,610
Deferred income taxes	106,436		129,188
Commitments and contingencies (Note 8)
Equity:
Albemarle Corporation shareholders’ equity:
Common stock, $.01 par value, issued and outstanding – 78,234 in 2014 and 80,053 in 2013	782		801
Additional paid-in capital	3,213		9,957
Accumulated other comprehensive income	99,644		116,245
Retained earnings	1,399,342		1,500,358
Total Albemarle Corporation shareholders’ equity	1,502,981		1,627,361
Noncontrolling interests	122,109		115,415
Total equity	1,625,090		1,742,776
Total liabilities and equity	$	3,454,532	$	3,584,797

See accompanying Notes to the Condensed Consolidated Financial Statements.

5

ALBEMARLE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(Unaudited)

(In Thousands, Except Share						Additional Paid-in Capital			Accumulated Other Comprehensive Income			Retained Earnings			Total Albemarle Shareholders’ Equity			Non- controlling Interests			Total Equity
	Common Stock
Data)	Shares		Amounts
Balance at January 1, 2014	80,052,842		$	801		$	9,957		$	116,245		$	1,500,358		$	1,627,361		$	115,415		$	1,742,776
Net income												79,030			79,030			14,584			93,614
Other comprehensive loss									(16,601		)				(16,601		)	(278		)	(16,879		)
Cash dividends declared												(43,387		)	(43,387		)	(7,612		)	(50,999		)
Stock-based compensation and other						6,606									6,606						6,606
Exercise of stock options	70,046		1			2,354									2,355						2,355
Shares repurchased	(1,967,069	)	(20		)	(13,321		)				(136,659		)	(150,000		)				(150,000		)
Tax benefit related to stock plans						767									767						767
Issuance of common stock, net	127,533		1			(1		)							—						—
Shares withheld for withholding taxes associated with common stock issuances	(49,322	)	(1		)	(3,149		)							(3,150		)				(3,150		)
Balance at June 30, 2014	78,234,030		$	782		$	3,213		$	99,644		$	1,399,342		$	1,502,981		$	122,109		$	1,625,090
Balance at January 1, 2013	88,899,209		$	889		$	2,761		$	85,264		$	1,744,684		$	1,833,598		$	98,410		$	1,932,008
Net income												166,726			166,726			13,918			180,644
Other comprehensive (loss) income									(29,082		)				(29,082		)	71			(29,011		)
Cash dividends declared												(40,753		)	(40,753		)	—			(40,753		)
Stock-based compensation and other						4,144									4,144						4,144
Exercise of stock options	132,238		1			3,916									3,917						3,917
Shares repurchased	(7,814,045	)	(78		)	(4,556		)				(577,664		)	(582,298		)				(582,298		)
Tax benefit related to stock plans						2,519									2,519						2,519
Issuance of common stock, net	238,939		3			(3		)							—						—
Shares withheld for withholding taxes associated with common stock issuances	(90,957	)	(1		)	(5,776		)							(5,777		)				(5,777		)
Balance at June 30, 2013	81,365,384		$	814		$	3,005		$	56,182		$	1,292,993		$	1,352,994		$	112,399		$	1,465,393

See accompanying Notes to the Condensed Consolidated Financial Statements.

6

ALBEMARLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands)

(Unaudited)

	Six Months Ended   June 30,
	2014			2013
Cash and cash equivalents at beginning of year	$	477,239		$	477,696
Cash flows from operating activities:
Net income	93,614			180,644
Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization	52,714			51,817
Write-offs associated with restructuring and other	6,333			—
Impairment of assets of discontinued operations	80,711			—
Stock-based compensation	7,319			4,529
Excess tax benefits realized from stock-based compensation arrangements	(767		)	(2,519		)
Equity in net income of unconsolidated investments (net of tax)	(19,550		)	(19,970		)
Dividends received from unconsolidated investments and nonmarketable securities	11,944			13,599
Pension and postretirement expense	17,917			3,152
Pension and postretirement contributions	(4,717		)	(4,246		)
Unrealized gain on investments in marketable securities	(703		)	(1,912		)
Deferred income taxes	(16,114		)	4,911
Working capital changes	63,235			(53,018		)
Other, net	3,211			1,867
Net cash provided by operating activities	295,147			178,854
Cash flows from investing activities:
Capital expenditures	(46,670		)	(103,168		)
Cash payments related to acquisitions and other	—			(250		)
Sales of marketable securities, net	642			768
Net cash used in investing activities	(46,028		)	(102,650		)
Cash flows from financing activities:
Repayments of long-term debt	(3,016		)	(6,380		)
Proceeds from borrowings of long-term debt	—			117,000
Other (repayments) borrowings, net	(13,083		)	266,248
Dividends paid to shareholders	(41,316		)	(39,049		)
Repurchases of common stock	(150,000		)	(582,298		)
Proceeds from exercise of stock options	2,355			3,917
Excess tax benefits realized from stock-based compensation arrangements	767			2,519
Withholding taxes paid on stock-based compensation award distributions	(3,150		)	(5,777		)
Debt financing costs	(1,372		)	(133		)
Net cash used in financing activities	(208,815		)	(243,953		)
Net effect of foreign exchange on cash and cash equivalents	(2,424		)	4,712
Increase (decrease) in cash and cash equivalents	37,880			(163,037		)
Cash and cash equivalents at end of period	$	515,119		$	314,659

See accompanying Notes to the Condensed Consolidated Financial Statements.

7

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

NOTE 1—Basis of Presentation:

In the opinion of management, the accompanying unaudited condensed consolidated financial statements of Albemarle Corporation and our wholly-owned, majority-owned and controlled subsidiaries (collectively, “Albemarle,” “we,” “us,” “our” or “the Company”) contain all adjustments necessary for a fair statement, in all material respects, of our condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013, our consolidated statements of income and consolidated statements of comprehensive income for the three-month and six-month periods ended June 30, 2014 and 2013 and our condensed consolidated statements of cash flows and consolidated statements of changes in equity for the six-month periods ended June 30, 2014 and 2013. All adjustments are of a normal and recurring nature. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”), which was filed with the Securities and Exchange Commission (SEC) on February 25, 2014. On May 30, 2014, we filed a Current Report on Form 8-K to update our 2013 Form 10-K for the segment change described in Note 9 “Operating Segments” included herein. The December 31, 2013 consolidated balance sheet data herein was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles (GAAP) in the United States (U.S.). The results of operations for the three-month and six-month period ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made to the accompanying consolidated financial statements and the notes thereto to conform to the current presentation.

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. In the second quarter of 2014, the Company began accounting for these assets as held for sale, and as such the financial results of the disposal group have been presented as discontinued operations in the consolidated statements of income and excluded from segment results for all periods presented. Long-lived assets and asset groups are classified as held for sale in the period in which the specific criteria are met in accordance with accounting standards for reporting discontinued operations. See Note 15, “Discontinued Operations” for additional information.

NOTE 2—Foreign Exchange:

Foreign exchange transaction losses were $1.3 million for the three-month and six-month periods ended June 30, 2014, and $2.3 million and $7.1 million for the three-month and six-month periods ended June 30, 2013, respectively, and are included in Other (expenses) income, net in our consolidated statements of income.

NOTE 3—Income Taxes:

The effective income tax rate for the three-month and six-month periods ended June 30, 2014 was 21.7% and 20.5%, respectively, compared to 20.6% and 22.7% for the three-month and six-month periods ended June 30, 2013. The Company’s effective income tax rate fluctuates based on, among other factors, our level and location of income. The difference between the U.S. federal statutory income tax rate and our effective income tax rate for the 2014 and 2013 periods is mainly due to the impact of earnings from outside the U.S. Our effective income tax rate for the three-month and six-month periods ended June 30, 2014 was impacted by $8.2 million of restructuring and other charges (approximately $5.2 million after income taxes) as more fully described in Note 13. Our effective income tax rate for the six-month period endedJune 30, 2014 was also impacted by $17.0 million of pre-tax charges (approximately $11.1 million after income taxes) in connection with a reduction of high cost supply capacity of certain aluminum alkyl products (see Note 13), and an actuarial loss of $15.4 million (approximately $9.8 million after income taxes) related to one of our U.S. defined benefit pension plans and our supplemental executive retirement plan (see Note 10).

8

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 4—Earnings Per Share:

Basic and diluted earnings per share from continuing operations for the three-month and six-month periods ended June 30, 2014 and 2013 are calculated as follows:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
Basic earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	89,404		$	88,500		$	155,408		$	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income from continuing operations attributable to Albemarle Corporation	$	82,472		$	80,111		$	140,824		$	162,263
Denominator:
Weighted-average common shares for basic earnings per share	78,662			84,028			79,199			86,374
Basic earnings per share from continuing operations	$	1.05		$	0.95		$	1.78		$	1.88
Diluted earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	89,404		$	88,500		$	155,408		$	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income from continuing operations attributable to Albemarle Corporation	$	82,472		$	80,111		$	140,824		$	162,263
Denominator:
Weighted-average common shares for basic earnings per share	78,662			84,028			79,199			86,374
Incremental shares under stock compensation plans	429			461			403			488
Total shares	79,091			84,489			79,602			86,862
Diluted earnings per share from continuing operations	$	1.04		$	0.95		$	1.77		$	1.87

On February 25, 2014, the Company increased the regular quarterly dividend by 15% to $0.275 per share. On May 13, 2014, the Company declared a cash dividend of $0.275 per share, which was paid on July 1, 2014 to shareholders of record at the close of business as of June 13, 2014. On July 14, 2014, the Company declared a cash dividend of $0.275 per share, which is payable on October 1, 2014 to shareholders of record at the close of business as of September 15, 2014.

Under its existing Board authorized share repurchase program, on February 3, 2014, the Company entered into an accelerated share repurchase (ASR) agreement with Merrill Lynch International (Merrill Lynch), acting through its agent Merrill Lynch, Pierce, Fenner and Smith Incorporated, relating to a fixed-dollar, uncollared ASR program pursuant to which we purchased $50 million of our common stock from Merrill Lynch in two$25 million tranches. Pursuant to the terms of the agreement, Merrill Lynch immediately borrowed shares of Albemarle common stock that were sold to the Company, thereby decreasing the Company’s issued and outstanding shares (with no change to its authorized shares). On February 3, 2014, the Company paid $50 million to Merrill Lynch and received an initial delivery of 623,248 shares of our common stock with a fair market value of approximately $40 million. This purchase was funded with cash on hand. The Company determined that the ASR agreement with Merrill Lynch met the criteria to be accounted for as a forward contract indexed to its stock and was therefore treated as an equity instrument. Under the terms of the agreement, on April 30, 2014, the transaction was completed and we received a final settlement of 150,504 shares, calculated based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock over the term of the agreement, less a forward price adjustment amount of approximately $0.77. The total number of shares repurchased under this agreement (773,752 shares) reduced the Company’s weighted-average shares outstanding for purposes of calculating basic and diluted earnings per share during the three-month and six-month periods ended June 30, 2014.

Under its existing Board authorized share repurchase program, on April 30, 2014, the Company entered into an ASR agreement with JPMorgan Chase Bank, National Association (JPMorgan), acting through its agent J.P. Morgan Securities LLC,

9

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

relating to a fixed-dollar, uncollared ASR program pursuant to which we will purchase $100 million of our common stock from JPMorgan. The shares will be purchased by JPMorgan in two$50 million tranches that may be settled separately or simultaneously. Pursuant to the terms of the ASR Agreement, JPMorgan immediately borrowed shares of Albemarle common stock that were sold to the Company, thereby decreasing the Company’s issued and outstanding shares (with no change to its authorized shares). On May 1, 2014, the Company paid $100 million to JPMorgan and received an initial delivery of 1,193,317 shares of our common stock with a fair market value of approximately $80 million. This purchase was funded with cash on hand and commercial paper notes.

The Company has determined that the ASR agreement with JPMorgan meets the criteria to be accounted for as a forward contract indexed to its stock and is therefore being treated as an equity instrument. Although the ASR agreement with JPMorgan can be settled, at the Company’s option, in cash or in shares of common stock, the Company intends to settle in shares of common stock.

The initial delivery of 1,193,317 shares reduced the Company’s weighted average shares outstanding for purposes of calculating basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2014. The total number of shares to ultimately be purchased under the ASR Agreement with JPMorgan will be determined at the completion of the trade and will generally be based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock over the term of the agreement.

The Company evaluated the ASR agreement with JPMorgan for its potential dilution of earnings per share and has determined that, based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock calculated as of June 30, 2014, additional shares expected to be received upon final settlement (approximately 231,000 shares) would have an anti-dilutive impact on earnings per share and therefore were not included in the Company’s diluted earnings per share calculation for the three-month and six-month periods ended June 30, 2014. The final settlement amount may increase or decrease depending upon the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock during the remaining term of the agreement.

As announced on July 15, 2014, the Company and Rockwood Holdings, Inc. (“Rockwood”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which the Company will acquire Rockwood in a cash and stock transaction. Refer to Note 17, “Subsequent Events” for additional information about this transaction. Pursuant to the terms of the ASR Agreement with JPMorgan, the period over which the Rule 10b-18 volume-weighted average prices of the Company’s common stock is calculated has been suspended, effective as of the date of the Merger Agreement. Final settlement is expected to occur approximately twelve trading days after the later of (a) the completion of the transaction, or (b) the completion of any restricted period (as defined under Regulation M of the Exchange Act) related to the transaction. However, final settlement may be accelerated at the option of JPMorgan, and the number of shares to be delivered may be adjusted upon the announcement or occurrence of certain corporate events, including without limitation, tender offers, delisting, merger events or insolvency. Additionally, the ASR agreement with JPMorgan will be terminated at any time that our share price is at or below $33.50 per share.

During the six-month period endedJune 30, 2014, the Company repurchased a total of 1,967,069 shares of its common stock pursuant to the terms of its share repurchase program. As of June 30, 2014, there were 3,972,525 remaining shares available for repurchase under the Company’s authorized share repurchase program.

NOTE 5—Inventories:

The following table provides a breakdown of inventories at June 30, 2014 and December 31, 2013:

	June 30,		December 31,
	2014		2013
	(In thousands)
Finished goods	$	280,886	$	340,863
Raw materials	43,708		47,784
Stores, supplies and other	45,970		47,402
Total inventories(a)	$	370,564	$	436,049

(a) As of June 30, 2014, $58.1 million of inventories (consisting primarily of finished goods) were classified as Assets of discontinued operations held for sale in the condensed consolidated balance sheets. See Note 15, “Discontinued Operations” for additional information.

10

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 6—Investments:

The carrying value of our unconsolidated investment in Stannica LLC, a variable interest entity for which we are not the primary beneficiary, was $5.8 million and $5.5 million at June 30, 2014 and December 31, 2013, respectively. Our maximum exposure to loss in connection with our continuing involvement with Stannica LLC is limited to our investment carrying value.

NOTE 7—Long-Term Debt:

Long-term debt at June 30, 2014 and December 31, 2013 consisted of the following:

	June 30,		December 31,
	2014		2013
	(In thousands)
5.10% Senior notes, net of unamortized discount of $20 at June 30, 2014 and $36 at December 31, 2013	$	324,980	$	324,964
4.50% Senior notes, net of unamortized discount of $2,028 at June 30, 2014 and $2,186 at December 31, 2013	347,972		347,814
Commercial paper notes	363,000		363,000
Fixed-rate foreign borrowings	4,951		7,879
Variable-rate foreign bank loans	22,266		34,910
Miscellaneous	197		297
Total long-term debt	1,063,366		1,078,864
Less amounts due within one year	377,521		24,554
Long-term debt, less current portion	$	685,845	$	1,054,310

On February 7, 2014, we entered into a new $750.0 million credit facility. The five-year, revolving, unsecured credit agreement (hereinafter referred to as the February 2014 credit agreement) matures on February 7, 2019 and (i) replaces our previous $750.0 million amended and restated credit agreement dated as of September 22, 2011; (ii) provides for an additional $250.0 million in credit, if needed, subject to the terms of the agreement; and (iii) provides for the ability to extend the maturity date under certain conditions. Borrowings bear interest at variable rates based on the London Inter-Bank Offered Rate (LIBOR) for deposits in the relevant currency plus an applicable margin which ranges from 0.900% to 1.500%, depending on the Company’s credit rating from Standard & Poor’s Ratings Services (S&P) and Moody’s Investors Services (Moody’s). The applicable margin on the facility was 1.000% as of June 30, 2014. As of June 30, 2014, there were no borrowings outstanding under the February 2014 credit agreement.

At June 30, 2014, we had $363.0 million of commercial paper notes (the “Notes”) outstanding bearing a weighted-average interest rate of approximately 0.25% and a weighted-average maturity of 20 days. In the second quarter of 2014, the Notes were reclassified from Long-term debt to Current portion of long-term debt in our condensed consolidated balance sheet.

Our $325.0 million aggregate principal amount of senior notes, issued on January 20, 2005, mature on February 1, 2015. At June 30, 2014, we have classified these senior notes as long-term based on our ability and intent to refinance them on a long-term basis through the issuance of new senior notes or borrowings under the February 2014 credit agreement.

NOTE 8—Commitments and Contingencies:

We had the following activity in our recorded environmental liabilities for the six months endedJune 30, 2014, as follows (in thousands):

Beginning balance at December 31, 2013	$	16,599
Expenditures	(1,626		)
Reclassified as Liabilities of discontinued operations held for sale	(2,000		)
Changes in estimates recorded to earnings and other	34
Foreign currency translation	38
Ending balance at June 30, 2014	13,045
Less amounts reported in Accrued expenses	7,133
Amounts reported in Other noncurrent liabilities	$	5,912

11

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

The amounts recorded represent our future remediation and other anticipated environmental liabilities. These liabilities typically arise during the normal course of our operational and environmental management activities or at the time of acquisition of the site, and are based on internal analysis as well as input from outside consultants. As evaluations proceed at each relevant site, changes in risk assessment practices, remediation techniques and regulatory requirements can occur, therefore such liability estimates may be adjusted accordingly. The timing and duration of remediation activities at these sites will be determined when evaluations are completed. Although it is difficult to quantify the potential financial impact of these remediation liabilities, management estimates (based on the latest available information) that there is a reasonable possibility that future environmental remediation costs associated with our past operations, in excess of amounts already recorded, could be up to approximately $17 million before income taxes.

Approximately $6.4 million of our recorded liability is related to the closure and post-closure activities at a former landfill associated with our Bergheim, Germany site, which was recorded at the time of our acquisition of this site in 2001. This closure project has been approved under the authority of the governmental permit for this site and is scheduled for completion in 2017, with post-closure monitoring to occur for 30 years thereafter. The remainder of our recorded liability is associated with sites that are being evaluated under governmental authority but for which final remediation plans have not yet been approved. In connection with the remediation activities at our Bergheim, Germany site as required by the German environmental authorities, we have pledged certain of our land and housing facilities at this site which has an estimated fair value of $6.1 million.

We believe that any sum we may be required to pay in connection with environmental remediation matters in excess of the amounts recorded should occur over a period of time and should not have a material adverse effect upon our results of operations, financial condition or cash flows on a consolidated annual basis although any such sum could have a material adverse impact on our results of operations, financial condition or cash flows in a particular quarterly reporting period.

On July 3, 2006, we received a Notice of Violation (the 2006 NOV) from the U.S. Environmental Protection Agency Region 4 (EPA) regarding the implementation of the Pharmaceutical Maximum Achievable Control Technology (PharmaMACT) standards at our plant in Orangeburg, South Carolina. The alleged violations involved (i) the applicability of the specific regulations to certain intermediates manufactured at the plant, (ii) failure to comply with certain reporting requirements, (iii) improper evaluation and testing to properly implement the regulations and (iv) the sufficiency of the leak detection and repair program at the plant. In the second quarter of 2011, the Company was served with a complaint by the EPA in the U.S. District Court for the District of South Carolina, based on the alleged violations set out in the 2006 NOV seeking civil penalties and injunctive relief. The complaint was subsequently amended to add the State of South Carolina as a plaintiff. On June 11, 2014, we entered into a consent decree with the EPA and the South Carolina Department of Health and Environmental Control (DHEC) to settle this matter. Pursuant to the consent decree, we will pay a civil penalty to the EPA in the amount of approximately $332,000. A civil penalty of approximately $112,000 was waived pursuant to the consent decree and we will not be required to pay this amount to the DHEC. The Company is also required to submit certain reports and supporting data within 30 days of the consent decree becoming effective.

In addition, we are involved from time to time in legal proceedings of types regarded as common in our business, including administrative or judicial proceedings seeking remediation under environmental laws, such as the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as CERCLA or Superfund, products liability, breach of contract liability and premises liability litigation. Where appropriate, we may establish financial reserves as estimated by our general counsel for such proceedings. We also maintain insurance to mitigate certain of such risks. Costs for legal services are generally expensed as incurred.

We have contracts with certain of our customers, which serve as guarantees on product delivery and performance according to customer specifications that can cover both shipments on an individual basis as well as blanket coverage of multiple shipments under customer supply contracts that are executed through certain financial institutions. The financial coverage provided by these guarantees is typically based on a percentage of net sales value.

12

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 9—Operating Segments:

Effective January 1, 2014, the Company’s assets and businesses were realigned under two operating segments to better align the Company’s resources to support its ongoing business strategy. The Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories, consolidating our bromine, mineral and custom manufacturing assets under one business unit. The Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories. Each segment has a dedicated team of sales, research and development, process engineering, manufacturing and sourcing, and business strategy personnel and has full accountability for improving execution through greater asset and market focus, agility and responsiveness. The new structure also facilitates the continued standardization of business processes across the organization as part of our ongoing One Albemarle strategy. The new segment structure is consistent with the manner in which information is presently used internally by the Company’s chief operating decision maker to evaluate performance and make resource allocation decisions, and each segment president is responsible for execution of the segment’s business strategy.

Segment income represents segment operating profit and equity in net income of unconsolidated investments and is reduced by net income attributable to noncontrolling interests. Segment data includes intersegment transfers of raw materials at cost and allocations for certain corporate costs.

Summarized financial information concerning our reportable segments is shown in the following table. Results for 2013 have been recast to reflect the change in operating segments noted above, and segment results for all periods presented exclude discontinued operations as further described in Notes 1 and 15. Corporate & other includes corporate-related items not allocated to the reportable segments. Pension and OPEB service cost (which represents the benefits earned by active employees during the period) and amortization of prior service cost or benefit are allocated to each segment whereas the remaining components of pension and OPEB benefits cost or credit are included in Corporate & other.

13

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands)
Net sales:
Performance Chemicals	$	334,187		$	343,024		$	684,444		$	694,048
Catalyst Solutions	270,534			233,818			520,120			469,391
Total net sales	$	604,721		$	576,842		$	1,204,564		$	1,163,439
Segment operating profit:
Performance Chemicals	$	77,265		$	88,694		$	157,741		$	174,159
Catalyst Solutions	59,918			36,271			109,130			78,410
Total segment operating profit	137,183			124,965			266,871			252,569
Equity in net income of unconsolidated investments:
Performance Chemicals	2,660			2,328			5,577			4,636
Catalyst Solutions	7,989			7,381			13,973			15,334
Total equity in net income of unconsolidated investments	10,649			9,709			19,550			19,970
Net income attributable to noncontrolling interests:
Performance Chemicals	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Total net income attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Segment income:
Performance Chemicals	72,993			82,633			148,734			164,877
Catalyst Solutions	67,907			43,652			123,103			93,744
Total segment income	140,900			126,285			271,837			258,621
Corporate & other(a)	(18,768		)	(16,585		)	(53,533		)	(31,806		)
Restructuring and other charges, net	(8,175		)	—			(25,175		)	—
Interest and financing expenses	(8,733		)	(7,608		)	(17,506		)	(12,839		)
Other (expenses) income, net	(979		)	(1,585		)	164			(5,779		)
Income tax expense	(21,773		)	(20,396		)	(34,963		)	(45,934		)
(Loss) income from discontinued operations (net of tax)	(60,025		)	2,628			(61,794		)	4,463
Net income attributable to Albemarle Corporation	$	22,447		$	82,739		$	79,030		$	166,726

(a) For the three months ended June 30, 2014 and 2013, Corporate & other includes $0.9 million and $0.9 million, respectively, of pension and OPEB plan credits, and for the six months ended June 30, 2014 and 2013, Corporate & other includes $(13.7) million and $2.0 million, respectively, of pension and OPEB plan (costs) credits.

14

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 10—Pension Plans and Other Postretirement Benefits:

The following information is provided for domestic and foreign pension and postretirement defined benefit plans:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands)
Pension Benefits Cost (Credit):
Service cost	$	2,726		$	3,332		$	5,567		$	6,974
Interest cost	8,128			7,715			16,297			14,933
Expected return on assets	(10,172		)	(9,821		)	(20,377		)	(19,693		)
Actuarial loss(a)	—			—			15,432			—
Amortization of prior service benefit	(138		)	(295		)	(411		)	(344		)
Total net pension benefits cost	$	544		$	931		$	16,508		$	1,870
Postretirement Benefits Cost (Credit):
Service cost	$	54		$	71		$	108		$	154
Interest cost	760			694			1,520			1,382
Expected return on assets	(86		)	(103		)	(171		)	(206		)
Amortization of prior service benefit	(24		)	(23		)	(48		)	(48		)
Total net postretirement benefits cost	$	704		$	639		$	1,409		$	1,282
Total net pension and postretirement benefits cost	$	1,248		$	1,570		$	17,917		$	3,152

(a) In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. This workforce reduction triggered a net curtailment gain of approximately $0.8 million in the first quarter of 2014 for one of our U.S. defined benefit plans and our supplemental executive retirement plan (SERP). In connection with the curtailment, we were required to remeasure the related assets and obligations for these plans. As of the January 31, 2014 remeasurement date, the weighted-average discount rate for our domestic pension plans was reduced from 5.14% to 4.97%. Taking into account the discount rate reduction and actual return on plan assets through January 31, 2014, we recorded a mark-to-market actuarial loss (net of the curtailment gain) for the first quarter of 2014 of $15.4 million.

During the three-month and six-month periods ended June 30, 2014, we made contributions of $1.2 million and $2.3 million, respectively, to our qualified and nonqualified pension plans. During the three-month and six-month periods ended June 30, 2013, we made contributions of $1.4 million and $2.0 million, respectively, to our qualified and nonqualified pension plans.

We paid $1.0 million and $2.4 million in premiums to the U.S. postretirement benefit plan during the three-month and six-month periods ended June 30, 2014, respectively. During the three-month and six-month periods ended June 30, 2013, we paid $1.1 million and $2.2 million in premiums to the U.S. postretirement benefit plan.

15

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 11—Fair Value of Financial Instruments:

In assessing the fair value of financial instruments, we use methods and assumptions that are based on market conditions and other risk factors existing at the time of assessment. Fair value information for our financial instruments is as follows:

Long-Term Debt—the fair values of our senior notes and other fixed rate foreign borrowings are estimated using Level 1 inputs and account for the majority of the difference between the recorded amount and fair value of our long-term debt. The carrying value of our remaining long-term debt reported in the accompanying condensed consolidated balance sheets approximates fair value as substantially all of such debt bears interest based on prevailing variable market rates currently available in the countries in which we have borrowings.

	June 30, 2014				December 31, 2013
	Recorded Amount		Fair Value		Recorded Amount		Fair Value
	(In thousands)
Long-term debt	$	1,063,366	$	1,095,344	$	1,078,864	$	1,109,878

Foreign Currency Forward Contracts—we enter into foreign currency forward contracts in connection with our risk management strategies in an attempt to minimize the financial impact of changes in foreign currency exchange rates. These derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes. The fair values of our foreign currency forward contracts are estimated based on current settlement values. At June 30, 2014 and December 31, 2013, we had outstanding foreign currency forward contracts with notional values totaling $159.6 million and $321.4 million, respectively. At June 30, 2014, $0.2 million was included in Other accounts receivable and $0.2 million was included in Accrued expenses associated with the fair value of our foreign currency forward contracts. At December 31, 2013, $0.2 million was included in Other accounts receivable associated with the fair value of our foreign currency forward contracts.

Gains and losses on foreign currency forward contracts are recognized currently in Other income (expenses), net; further, fluctuations in the value of these contracts are generally expected to be offset by changes in the value of the underlying exposures being hedged. For the three-month and six-month periods ended June 30, 2014, we recognized losses of $(1.3) million and $(2.4) million, respectively, in Other income (expenses), net in our consolidated statements of income related to the change in the fair value of our foreign currency forward contracts. For the three-month and six-month periods ended June 30, 2013, we recognized gains (losses) of $2.5 million and $(2.2) million, respectively, in Other income (expenses), net in our consolidated statements of income related to the change in the fair value of our foreign currency forward contracts. These amounts are generally expected to be offset by changes in the value of the underlying exposures being hedged which are also reported in Other income (expenses), net. Also, for the six-month periods ended June 30, 2014 and 2013, we recorded $2.4 million and $2.2 million, respectively, related to the change in the fair value of our foreign currency forward contracts, and cash settlements of $(2.2) million and $(2.5) million, respectively, in Other, net in our condensed consolidated statements of cash flows.

Interest Rate Swap—In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap with J.P. Morgan Chase Bank, N.A., to be effective October 15, 2014. Our risk management objective and strategy for undertaking this hedge is to eliminate the variability in the interest rate and partial credit spread on the 20 future semi-annual coupon payments that we would pay when we refinance our 2015 senior notes with another 10 year note. The notional amount of the swap is $325.0 million and the fixed rate is 3.281%. A cash settlement will occur on the termination date determined by reference to the changes in the U.S. dollar 3-month LIBOR and credit spreads from the date we entered into the swap until the date we terminate the swap. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under Accounting Standards Codification (ASC) 815, Derivatives and Hedging. Effectiveness of the hedge relationship is assessed prospectively and retrospectively on a quarterly basis. At June 30, 2014, the fair value of our pay fixed, receive variable rate forward starting interest rate swap was a liability of $16.4 million and is included in Accrued expenses. We determined there was no ineffectiveness during the six-month period endedJune 30, 2014, which resulted in the entire change in fair value of this swap being recorded in Accumulated other comprehensive income.

The counterparties to our foreign currency forward contracts and our interest rate swap are major financial institutions with which we generally have other financial relationships. We are exposed to credit loss in the event of nonperformance by these counterparties. However, we do not anticipate nonperformance by the counterparties.

16

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 12—Fair Value Measurement:

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy:

Level 1	Unadjusted quoted prices in active markets for identical assets or liabilities
Level 2	Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability
Level 3	Unobservable inputs for the asset or liability

Assets Measured at Fair Value on a Recurring Basis

We endeavor to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Transfers between levels of the fair value hierarchy are deemed to have occurred on the date of the event or change in circumstance that caused the transfer. There were no transfers between Levels 1 and 2 during the six-month period endedJune 30, 2014. The following tables set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2014 and December 31, 2013 (in thousands):

	June 30, 2014		Quoted Prices in Active Markets for Identical Items (Level 1)		Quoted Prices in Active Markets for Similar Items (Level 2)		Unobservable Inputs (Level 3)
Assets:
Investments under executive deferred compensation plan(a)	$	22,014	$	22,014	$	—	$	—
Private equity securities(b)	$	1,852	$	30	$	—	$	1,822
Foreign currency forward contracts(d)	$	167	$	—	$	167	$	—
Liabilities:
Obligations under executive deferred compensation plan(a)	$	22,014	$	22,014	$	—	$	—
Interest rate swap contract(c)	$	16,420	$	—	$	16,420	$	—
Foreign currency forward contracts(d)	$	200	$	—	$	200	$	—

	December 31, 2013		Quoted Prices in Active Markets for Identical Items (Level 1)		Quoted Prices in Active Markets for Similar Items (Level 2)		Unobservable Inputs (Level 3)
Assets:
Investments under executive deferred compensation plan(a)	$	23,030	$	23,030	$	—	$	—
Private equity securities(b)	$	771	$	21	$	—	$	750
Foreign currency forward contracts(d)	$	161	$	—	$	161	$	—
Liabilities:
Obligations under executive deferred compensation plan(a)	$	23,030	$	23,030	$	—	$	—

(a) We maintain an Executive Deferred Compensation Plan (EDCP) that was adopted in 2001 and subsequently amended. The purpose of the EDCP is to provide current tax planning opportunities as well as supplemental funds upon the retirement or death of certain of our employees. The EDCP is intended to aid in attracting and retaining employees of exceptional ability by providing them with these benefits. We also maintain a Benefit Protection Trust (the Trust) that was created to provide a source of funds to assist in meeting the obligations of the EDCP, subject to the claims of our creditors in the event of our insolvency. Assets of the Trust are consolidated in accordance with authoritative guidance. The assets of the Trust consist primarily of mutual fund investments (which are accounted for as

17

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

trading securities and are marked-to-market on a monthly basis through the consolidated statements of income) and cash and cash equivalents. As such, these assets and obligations are classified within Level 1.

(b) Primarily consists of private equity securities classified as available-for-sale and are reported in Investments in the condensed consolidated balance sheets. The changes in fair value are reported in Other income (expenses), net in our consolidated statements of income. Holdings in private equity securities are typically valued using the net asset valuations provided by the underlying private investment companies and as such are classified within Level 3.

(c) In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, to be effective October 15, 2014. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. The fair value of the forward starting interest rate swap was calculated based on inputs derived from observable market data and as such is classified within Level 2. See Note 11 for additional details about this interest rate swap contract.

(d) As a result of our global operating and financing activities, we are exposed to market risks from changes in foreign currency exchange rates, which may adversely affect our operating results and financial position. When deemed appropriate, we minimize our risks from foreign currency exchange rate fluctuations through the use of foreign currency forward contracts. These derivative financial instruments are not designated as hedging instruments under ASC 815, Derivatives and Hedging. The foreign currency forward contracts are valued using broker quotations or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within Level 2.

The following table presents the fair value reconciliation of Level 3 assets measured at fair value on a recurring basis for the periods indicated:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
	(In thousands)
Beginning balance	$	717	$	—	$	750	$	—
Total unrealized gains included in earnings relating to assets still held at the reporting date	105		—		72		—
Purchases	1,000		—		1,000		—
Ending balance	$	1,822	$	—	$	1,822	$	—

Assets Measured at Fair Value on a Non-Recurring Basis

As discussed in Note 15 “Discontinued Operations,” during the second quarter of 2014, the Company signed a definitive agreement to sell certain businesses and assets to SI Group, Inc., and we recorded a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. Accordingly, the fair value measurement is classified as Level 3 in the fair value hierarchy.

18

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 13—Restructuring and Other

In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. Payments under this workforce reduction plan are expected to be substantially complete in 2014. We had the following activity in our recorded workforce reduction liabilities for the six months endedJune 30, 2014 (in thousands):

Beginning balance at December 31, 2013	$	39,104
Workforce reduction charges	—
Payments	(25,302		)
Amount reversed to income(a)	(1,095		)
Foreign currency translation	(148		)
Ending balance at June 30, 2014	$	12,559
Amounts reported in Accrued expenses	$	12,559

(a) Amount reversed to income reflects adjustments based on actual timing and amount of final settlements.

During the first quarter of 2014 we initiated action to reduce high cost supply capacity of certain aluminum alkyl products, primarily through the termination of a third party manufacturing contract. Based on the contract termination, we estimate costs of approximately $14.0 million (recorded in Accrued expenses at June 30, 2014) for contract termination and volume commitments. Additionally, we have recorded an impairment charge of $3.0 million for certain capital project costs also related to aluminum alkyls capacity which we do not expect to recover. After income taxes, these charges were approximately $11.1 million.

Included in Restructuring and other charges, net for the second quarter of 2014 are $4.9 million ($3.1 million after income taxes) of certain significant acquisition-related costs, and a write-off of $3.3 million ($2.1 million after income taxes) for certain multi-product facility project costs that we do not expect to recover in future periods.

19

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

NOTE 14—Accumulated Other Comprehensive Income:

The components and activity in Accumulated other comprehensive income (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):

	Foreign Currency Translation			Pension and Post- Retirement Benefits(a)			Unrealized Loss on Interest Rate Swap			Other			Total
Three months ended June 30, 2014
Balance at March 31, 2014	$	111,424		$	186		$	(4,011	)	$	(672	)	$	106,927
Other comprehensive (loss) income before reclassifications	(804		)	—			(6,410		)	3			(7,211		)
Amounts reclassified from accumulated other comprehensive income	—			(167		)	—			34			(133		)
Other comprehensive (loss) income, net of tax	(804		)	(167		)	(6,410		)	37			(7,344		)
Other comprehensive loss attributable to noncontrolling interests	61			—			—			—			61
Balance at June 30, 2014	$	110,681		$	19		$	(10,421	)	$	(635	)	$	99,644
Three months ended June 30, 2013
Balance at March 31, 2013	$	50,904		$	915		$	—		$	(810	)	$	51,009
Other comprehensive income (loss) before reclassifications	5,241			—			—			(3		)	5,238
Amounts reclassified from accumulated other comprehensive income	—			(330		)	—			32			(298		)
Other comprehensive income (loss), net of tax	5,241			(330		)	—			29			4,940
Other comprehensive loss attributable to noncontrolling interests	233			—			—			—			233
Balance at June 30, 2013	$	56,378		$	585		$	—		$	(781	)	$	56,182
Six months ended June 30, 2014
Balance at December 31, 2013	$	116,465		$	487		$	—		$	(707	)	$	116,245
Other comprehensive (loss) income before reclassifications	(6,062		)	—			(10,421		)	3			(16,480		)
Amounts reclassified from accumulated other comprehensive income	—			(468		)	—			69			(399		)
Other comprehensive (loss) income, net of tax	(6,062		)	(468		)	(10,421		)	72			(16,879		)
Other comprehensive loss attributable to noncontrolling interests	278			—			—			—			278
Balance at June 30, 2014	$	110,681		$	19		$	(10,421	)	$	(635	)	$	99,644
Six months ended June 30, 2013
Balance at December 31, 2012	$	85,117		$	989		$	—		$	(842	)	$	85,264
Other comprehensive (loss) income before reclassifications	(28,668		)	—			—			(5		)	(28,673		)
Amounts reclassified from accumulated other comprehensive income	—			(404		)	—			66			(338		)
Other comprehensive (loss) income, net of tax	(28,668		)	(404		)	—			61			(29,011		)
Other comprehensive income attributable to noncontrolling interests	(71		)	—			—			—			(71		)
Balance at June 30, 2013	$	56,378		$	585		$	—		$	(781	)	$	56,182

(a) Amounts reclassified from accumulated other comprehensive income consist of amortization of prior service benefit. See Note 10, “Pension Plans and Other Postretirement Benefits.”

20

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the three-month and six-month periods ended June 30, 2014 and 2013 is provided in the following (in thousands):

	Three Months Ended June 30,
	2014												2013
	Foreign Currency Translation			Pension and Post- retirement Benefits			Unrealized Loss on Interest Rate Swap			Other			Foreign Currency Translation		Pension and Post- retirement Benefits			Other
Other comprehensive income (loss), before tax	$	(613	)	$	(162	)	$	(10,101	)	$	57		$	4,470	$	(318	)	$	49
Income tax benefit (expense)	(191		)	(5		)	3,691			(20		)	771		(12		)	(20		)
Other comprehensive income (loss), net of tax	$	(804	)	$	(167	)	$	(6,410	)	$	37		$	5,241	$	(330	)	$	29

	Six Months Ended June 30,
	2014												2013
	Foreign Currency Translation			Pension and Post- retirement Benefits			Unrealized Loss on Interest Rate Swap			Other			Foreign Currency Translation			Pension and Post- retirement Benefits			Other
Other comprehensive income (loss), before tax	$	(5,336	)	$	(459	)	$	(16,420	)	$	111		$	(29,782	)	$	(392	)	$	101
Income tax benefit (expense)	(726		)	(9		)	5,999			(39		)	1,114			(12		)	(40		)
Other comprehensive income (loss), net of tax	$	(6,062	)	$	(468	)	$	(10,421	)	$	72		$	(28,668	)	$	(404	)	$	61

NOTE 15—Discontinued Operations:

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. Included in the transaction are Albemarle’s manufacturing sites in Orangeburg, South Carolina and Jinshan, China, along with Albemarle’s antioxidant product lines manufactured in Ningbo, China. The sale is subject to customary closing conditions and is expected to close later in 2014.

In the second quarter of 2014, the Company began accounting for these assets as held for sale and recorded a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. The expected loss is primarily attributable to goodwill, intangibles and long-lived assets which are included in the assets classified as held for sale at June 30, 2014. Cumulative foreign currency translation gains of $16.7 million were also included in the assessment of the assets’ carrying value for purposes of calculating the expected loss. The final selling price of these assets may be higher or lower than our current assessment of fair value. The expected loss and estimated costs to sell, net of related taxes, are included in (Loss) income from discontinued operations in our consolidated statements of income for the three-month and six-month periods ended June 30, 2014. A summary of results of discontinued operations is as follows (in thousands):

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2014			2013		2014			2013
Net sales	$	59,412		$	57,355	$	116,248		$	112,383
(Loss) income from discontinued operations	$	(80,174	)	$	3,682	$	(82,687	)	$	6,171
Income tax (benefit) expense	(20,149		)	1,054		(20,893		)	1,708
(Loss) income from discontinued operations (net of tax)	$	(60,025	)	$	2,628	$	(61,794	)	$	4,463

21

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

The carrying amounts of the major classes of assets and liabilities that were classified as held for sale at June 30, 2014, are as follows (in thousands):

	June 30, 2014
Assets
Inventories	$	58,108
All other current assets	4,140
Net property, plant and equipment	52,367
Other intangibles, net of amortization	23,250
All other noncurrent assets	119
Assets of discontinued operations held for sale	$	137,984
Liabilities
Accounts payable	$	4,140
All other current liabilities	438
Noncurrent liabilities	6,600
Liabilities of discontinued operations held for sale	$	11,178

Assets of discontinued operations held for sale and related liabilities are classified as current in the condensed consolidated balance sheet as of June 30, 2014 because the Company expects to complete the sale of such assets in 2014.

NOTE 16—Recently Issued Accounting Pronouncements:

In February 2013, the Financial Accounting Standards Board (FASB) issued accounting guidance that requires entities that have obligations resulting from joint and several liability arrangements and for which the total amount is fixed at the reporting date to measure such obligations as the sum of (a) the amount the entity agreed to pay on the basis of its arrangement among its co-obligors, and (b) any additional amount the reporting entity expects to pay on behalf of its co-obligors. Entities are also required to disclose the nature, amount and any other relevant information about such obligations. These amendments became effective on January 1, 2014 and had no impact on our consolidated financial statements.

In March 2013, the FASB issued accounting guidance that clarifies a parent company’s accounting for the cumulative foreign currency translation adjustment when the parent sells a part or all of its investment in a foreign entity. The guidance clarifies that the sale of an investment in a foreign entity includes both (a) events that result in the loss of a controlling financial interest in a foreign entity, and (b) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative foreign currency translation adjustment should be released into net income upon the occurrence of those events. These amendments became effective on January 1, 2014 and will be applied prospectively. The impact of these new requirements on our financial statements will depend upon the nature, terms and size of derecognition events, if any, that may occur in the future related to any of our foreign entities.

In July 2013, the FASB issued accounting guidance designed to reduce diversity in practice of financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These new requirements became effective on January 1, 2014 and did not have a material effect on our consolidated financial statements.

In April 2014, the FASB issued accounting guidance that changes the criteria for reporting discontinued operations and modifies related disclosure requirements to provide users of financial statements with more information about the assets, liabilities, revenues and expenses of discontinued operations. The guidance improves the definition of discontinued operations by limiting its scope to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. Additionally, these new requirements require entities to disclose the pretax profit or loss related to disposals of significant components that do not qualify as discontinued operations. These new requirements become effective for public entities in annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted for items that have not been reported as disposals or as held for sale in previously issued financial statements. We are assessing the impact of these new requirements on our financial statements.

22

ALBEMARLE CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements - (Continued)

(Unaudited)

In May 2014, the FASB issued accounting guidance that will significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. The core principle of the guidance is that revenue recognized from a transaction or event that arises from a contract with a customer should reflect the consideration to which an entity expects to be entitled in exchange for goods or services provided. To achieve that core principle the new guidance sets forth a five-step revenue recognition model that will need to be applied consistently to all contracts with customers, except those that are within the scope of other topics in the ASC. Also required are enhanced disclosures to help users of financial statements better understand the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. The enhanced disclosures include qualitative and quantitative information about contracts with customers, significant judgments made in applying the revenue guidance, and assets recognized related to the costs to obtain or fulfill a contract. These new requirements become effective for annual and interim reporting periods beginning after December 15, 2016, and early adoption is prohibited. We are assessing the impact of these new requirements on our financial statements.

In June 2014, the FASB issued accounting guidance which clarifies the proper method of accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The accounting guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. These new requirements become effective for annual and interim reporting periods beginning after December 15, 2015, and early adoption is permitted. We are assessing the impact of these new requirements on our financial statements.

NOTE 17—Subsequent Events:

Proposed Acquisition of Rockwood Holdings, Inc.

On July 15, 2014, Albemarle and Rockwood entered into the Merger Agreement pursuant to which Albemarle will acquire Rockwood in a cash and stock transaction valued at approximately $6.2 billion. Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for $50.65 in cash and 0.4803 of a share of Albemarle common stock. The transaction values Rockwood at $85.53 per share, based on the closing price of Albemarle’s shares on July 14, 2014. Upon closing of the transaction, Albemarle shareholders will own approximately 70% of the combined company and Rockwood shareholders will own approximately 30% of the combined company. The boards of directors of both Albemarle and Rockwood have approved the transaction. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close by the first quarter of 2015.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following is a discussion and analysis of our financial condition and results of operations since December 31, 2013. A discussion of consolidated financial condition and sources of additional capital is included under a separate heading “Financial Condition and Liquidity” on page 36.

Forward-looking Statements

Some of the information presented in this Quarterly Report on Form 10-Q, including the documents incorporated by reference, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, which are in turn based on assumptions that we believe are reasonable based on our current knowledge of our business and operations. We have used words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and variations of such words and similar expressions to identify such forward-looking statements.

These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, there can be no assurance that our actual results will not differ materially from the results and expectations expressed or implied in the forward-looking statements. Factors that could cause actual results to differ materially include, without limitation:

• changes in economic and business conditions;

• changes in financial and operating performance of our major customers and industries and markets served by us;

• the timing of orders received from customers;

• the gain or loss of significant customers;

• competition from other manufacturers;

• changes in the demand for our products;

• limitations or prohibitions on the manufacture and sale of our products;

• availability of raw materials;

• changes in the cost of raw materials and energy, and our ability to pass through such increases;

• acquisitions and divestitures, and changes in performance of acquired companies;

• changes in our markets in general;

• fluctuations in foreign currencies;

• changes in laws and government regulation impacting our operations or our products;

• the occurrence of claims or litigation;

• the occurrence of natural disasters;

• the inability to maintain current levels of product or premises liability insurance or the denial of such coverage;

• political unrest affecting the global economy, including adverse effects from terrorism or hostilities;

• political instability affecting our manufacturing operations or joint ventures;

• changes in accounting standards;

• the inability to achieve results from our global manufacturing cost reduction initiatives as well as our ongoing continuous improvement and rationalization programs;

• changes in the jurisdictional mix of our earnings and changes in tax laws and rates;

• changes in monetary policies, inflation or interest rates that may impact our ability to raise capital or increase our cost of funds, impact the performance of our pension fund investments and increase our pension expense and funding obligations;

• volatility and substantial uncertainties in the debt and equity markets;

• technology or intellectual property infringement, including cyber security breaches, and other innovation risks;

• decisions we may make in the future; and

• the other factors detailed from time to time in the reports we file with the SEC.

We assume no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. The following discussion should be read together with our consolidated financial statements and related notes included in this Quarterly Report on Form 10-Q.

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Overview

We are a leading global developer, manufacturer and marketer of highly-engineered specialty chemicals that meet customer needs across an exceptionally diverse range of end markets including the petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services markets. We are committed to global sustainability and are advancing responsible eco-practices and solutions in our two business segments. We believe that our commercial and geographic diversity, technical expertise, innovative capability, flexible, low cost global manufacturing base, experienced management team and strategic focus on our core base technologies will enable us to maintain leading market positions in those areas of the specialty chemicals industry in which we operate.

Secular trends favorably impacting demand within the end markets that we serve combined with our diverse product portfolio, broad geographic presence and customer-focused solutions will continue to be key drivers to our future earnings growth. We continue to build upon our existing green solutions portfolio and our ongoing mission to provide innovative, yet commercially viable, clean energy products and services to the marketplace. We believe our disciplined cost reduction efforts, ongoing productivity improvements and strong balance sheet will position us well to take advantage of strengthening economic conditions as they occur while softening the negative impact of the current challenging economic environment.

Second Quarter2014

During the second quarter of 2014:

• We achieved quarterly earnings from continuing operations of $1.04 per share (on a diluted basis), an increase of 9% from second quarter 2013 results.

• Our net sales for the quarter were $604.7 million, up 5% from net sales of $576.8 million in the second quarter of 2013.

• Cash provided by operating activities was $146.0 million in the second quarter, an increase of 82% from second quarter 2013.

• Our board of directors declared a quarterly dividend of $0.275 per share on May 13, 2014, which was paid on July 1, 2014 to shareholders of record at the close of business as of June 13, 2014.

• We repurchased 1,343,821 shares of our common stock pursuant to the terms of our share repurchase program and ASR agreements.

• Signed definitive agreement to sell antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc.

Outlook

The current business environment presents a diverse set of opportunities and challenges in the markets we serve, from a slow and uneven global economic recovery, pricing pressure on brominated flame retardants, and an ever-changing landscape in electronics, to the continuous need for cutting edge catalysts and technology by our refinery partners, and increasingly stringent environmental standards. Amidst these dynamics, our business fundamentals are sound and we are strategically well-positioned as we remain focused on increasing sales volumes, managing costs and delivering value to our customers. We believe that our businesses remain positioned to capitalize on new business opportunities and long-term trends driving growth within our end markets and to respond quickly to improved economic conditions.

On July 15, 2014, Albemarle and Rockwood Holdings, Inc. entered into the Merger Agreement pursuant to which Albemarle will acquire Rockwood in a cash and stock transaction valued at approximately $6.2 billion. Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for $50.65 in cash and 0.4803 of a share of Albemarle common stock. The transaction values Rockwood at $85.53 per share, based on the closing price of Albemarle’s shares on July 14, 2014. Upon closing of the transaction, Albemarle shareholders will own approximately 70% of the combined company and Rockwood shareholders will own approximately 30% of the combined company. The boards of directors of both Albemarle and Rockwood have approved the transaction. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close by the first quarter of 2015.

Performance Chemicals: First half 2014 net sales for this business was weaker than prior year, mainly due to lower demand for products in our bromine portfolio. We continue to manage through an uncertain environment characterized by soft demand in certain products and applications and cautious inventory management by our customers, which could continue to challenge the growth curve of this business throughout 2014. We believe we can sustain healthy margins with continued focus on maximizing our bromine franchise value.

We believe that the combination of solid, long-term business fundamentals with our competitive position, product innovations and effective management of raw material inventory inflation will enable us to manage our business through these periods of end market challenges and to capitalize on opportunities that will come with favorable market trends in select end

25

markets and with a more evenly sustained economic recovery. Our view of third party market indicators and order book trends makes us cautiously optimistic that broad pricing trends for brominated flame retardants have mostly stabilized.

On a long-term basis, we continue to believe that improving global standards of living, widespread digitization, increasing demand for data management capacity and the potential for increasingly stringent fire safety regulations in developing markets are likely to drive continued demand for fire safety products. We are focused on profitably growing our globally competitive bromine and derivatives production network to serve all major bromine consuming products and markets. We believe the global supply/demand gap will tighten as demand for existing and possible new uses of bromine expand over time. Although clear completion fluids shipments slowed in the second quarter of 2014 after an exceptional two-year run, we still expect volumes to continue to grow at a healthy rate over time. Factors that could cause a decline in the trajectory of this business include more stringent inventory management practices by our customers and well completion delays like those we observed late in 2013, or a meaningful decline in oil prices, or increase in regulatory pressure on offshore drilling, which could lead to delays in deep water and ultra-deep water spending. Fine Chemistry Services has a solid pipeline and good growth in contracts linked to electronic materials and other applications, and although we expect the near-term trajectory of growth in this business to be challenging due to the conclusion of several major projects, we expect new projects to offset these losses and establish a foundation for future growth. Our technical expertise, manufacturing capabilities and speed to market allow us to develop a preferred outsourcing position serving leading chemical, agrochemical and life science innovators in diverse industries. We believe we will continue to generate growth in profitable niche products leveraged from this service business.

Catalyst Solutions: First half 2014 net sales and segment income are up over prior year on favorable volumes. In 2013 we executed several initiatives that strengthened our competitive position and laid the foundation for greater innovation and organic growth going forward, as we successfully started up a polyolefin catalyst center in South Korea and a world class aluminum alkyls facility in Saudi Arabia within our previously announced joint venture there. These new units, while unlikely to reach high utilization rates for a few years, are state-of-the-art units designed using the best technology and benefiting from our many years of hands-on operating experience. Additionally, we initiated a reduction in high cost supply capacity of certain aluminum alkyls during the first quarter of 2014 that will provide for a more reasonable cost base in that business.

On a longer term basis, we believe increased global demand for petroleum products and implementation of more stringent fuel quality requirements will drive growth in our refinery catalysts business. In addition, we expect growth in our Performance Catalyst Solutions division to come from growing global demand for plastics driven by rising standards of living and infrastructure spending, particularly in Asia and the Middle East, as well as from the LED market, driven by energy efficiency demands.

Delivering superior end-use performance continues to be the most effective way to create sustainable value in the refinery catalysts industry, and our technologies continue to provide significant performance and financial benefits to refiners challenged to meet tighter regulations around the world, those managing new contaminants present in North America tight oil, and those in the Middle East and Asia seeking to use heavier feedstock while pushing for higher propylene yields. Based on our technology, current production capacities and end market demand, we remain well-positioned for the future.

Corporate and Other: We continue to focus on cash generation, working capital management and process efficiencies. We expect our global effective tax rate for 2014 to be approximately 23.0%; however, our rate will vary based on the locales in which income is actually earned and remains subject to potential volatility from changing legislation in the U.S. and other tax jurisdictions.

In the first quarter of 2014, we increased our quarterly dividend payout to $0.275 per share. During the six months ended June 30, 2014, we repurchased approximately 1.97 million shares of our common stock with a fair market value of approximately $130 million under our existing share repurchase program, and we may periodically repurchase shares in the future on an opportunistic basis.

We remain committed to evaluating the merits of any opportunities that may arise for acquisitions or other business development activities that will complement our business footprint. Additional information regarding our products, markets and financial performance is provided at our web site, www.albemarle.com. Our web site is not a part of this document nor is it incorporated herein by reference.

26

Results of Operations

The following data and discussion provides an analysis of certain significant factors affecting our results of operations during the periods included in the accompanying consolidated statements of income.

Second Quarter2014 Compared to Second Quarter2013

Selected Financial Data (Unaudited)

	Three Months Ended   June 30,						Percentage Change
	2014			2013			2014 vs. 2013
	(In thousands, except percentages and per share amounts)
NET SALES	$	604,721		$	576,842		5	%
Cost of goods sold	397,358			385,172			3	%
GROSS PROFIT	207,363			191,670			8	%
GROSS PROFIT MARGIN	34.3		%	33.2		%
Selling, general and administrative expenses	67,011			61,725			9	%
Research and development expenses	21,937			21,565			2	%
Restructuring and other charges, net	8,175			—			*
OPERATING PROFIT	110,240			108,380			2	%
OPERATING PROFIT MARGIN	18.2		%	18.8		%
Interest and financing expenses	(8,733		)	(7,608		)	15	%
Other expenses, net	(979		)	(1,585		)	(38	)%
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN NET INCOME OF UNCONSOLIDATED INVESTMENTS	100,528			99,187			1	%
Income tax expense	21,773			20,396			7	%
Effective tax rate	21.7		%	20.6		%
INCOME FROM CONTINUING OPERATIONS BEFORE EQUITY IN NET INCOME OF UNCONSOLIDATED INVESTMENTS	78,755			78,791			—	%
Equity in net income of unconsolidated investments (net of tax)	10,649			9,709			10	%
NET INCOME FROM CONTINUING OPERATIONS	89,404			88,500			1	%
(Loss) income from discontinued operations (net of tax)	(60,025		)	2,628			*
NET INCOME	29,379			91,128			(68	)%
Net income attributable to noncontrolling interests	(6,932		)	(8,389		)	(17	)%
NET INCOME ATTRIBUTABLE TO ALBEMARLE CORPORATION	$	22,447		$	82,739		(73	)%
NET INCOME FROM CONTINUING OPERATIONS AS A PERCENTAGE OF NET SALES	14.8		%	15.3		%
Basic earnings (loss) per share:
Continuing operations	$	1.05		$	0.95		11	%
Discontinued operations	(0.76		)	0.03			*
	$	0.29		$	0.98		(70	)%
Diluted earnings (loss) per share:
Continuing operations	$	1.04		$	0.95		9	%
Discontinued operations	(0.76		)	0.03			*
	$	0.28		$	0.98		(71	)%

*Percentage calculation is not meaningful.

27

Net Sales

For the three-month period ended June 30, 2014, we recorded net sales of $604.7 million, an increase of 5% compared to net sales of $576.8 million for the three-month period ended June 30, 2013. This increase was due primarily to favorable volume impacts of 4%, including favorable impacts of approximately $32.0 million in Catalyst Solutions partly offset by unfavorable volume impacts of approximately $11.0 million in Performance Chemicals, and favorable currency impacts of approximately 1% from a stronger European Union Euro.

Gross Profit

For the three-month period ended June 30, 2014, our gross profit increased $15.7 million, or 8%, from the corresponding 2013 period due mainly to favorable volume impacts in Catalyst Solutions and lower variable input costs in both operating segments. Overall, these factors contributed to a higher gross profit margin for the three-month period ended June 30, 2014 of 34.3%, up from 33.2% in the corresponding period of 2013.

Selling, General and Administrative Expenses

For the three-month period ended June 30, 2014, our selling, general and administrative (SG&A) expenses increased $5.3 million, or 9%, from the three-month period ended June 30, 2013. This increase was primarily due to higher incentive compensation costs and commissions. As a percentage of net sales, SG&A expenses were 11.1% for the three-month period ended June 30, 2014, compared to 10.7% for the corresponding period in 2013.

Research and Development Expenses

For the three-month period ended June 30, 2014, our research and development (R&D) expenses increased $0.4 million, or 2%, from the three-month period ended June 30, 2013, as a result of higher spending. As a percentage of net sales, R&D expenses were 3.6% and 3.7% for the three-month periods ended June 30, 2014 and 2013, respectively.

Restructuring and Other Charges, Net

Included in Restructuring and other charges, net for the second quarter of 2014 are $4.9 million ($3.1 million after income taxes) of certain significant acquisition-related costs and a write-off of $3.3 million ($2.1 million after income taxes) for certain multi-product facility project costs that we do not expect to recover in future periods.

Interest and Financing Expenses

Interest and financing expenses for the three-month period ended June 30, 2014 increased $1.1 million to $8.7 million from the corresponding 2013 period, due mainly to decreases in interest capitalized on lower average construction work in progress balances in the 2014 period.

Other Expenses, Net

Other expenses, net for the three-month period ended June 30, 2014 was $1.0 million versus $1.6 million for the corresponding 2013 period. This change was due primarily to favorable currency impacts compared to the corresponding period in 2013 due to better management of currency risks.

Income Tax Expense

The effective income tax rate for the second quarter of 2014 was 21.7% compared to 20.6% for the second quarter of 2013. Our effective income tax rate differs from the U.S. federal statutory income tax rates in the comparative periods mainly due to the impact of earnings from outside the U.S. Our effective income tax rate in the 2014 period was also impacted by the restructuring and other charges as noted above.

Equity in Net Income of Unconsolidated Investments

Equity in net income of unconsolidated investments was $10.6 million for the three-month period ended June 30, 2014 compared to $9.7 million in the same period last year. This increase was due primarily to higher equity income amounts reported by our Catalyst Solutions segment joint ventures Nippon Ketjen Company Limited, Eurecat, Nippon Aluminum Alkyls and Eurecat S.A., as well as higher equity income reported by our Performance Chemicals segment joint venture Magnifin, partially offset by lower equity income reported by our Catalyst Solutions segment joint venture Saudi Organometallic Chemicals Company.

(Loss) Income from Discontinued Operations

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. In the second quarter of 2014, the Company began accounting for these assets as held for sale, and as such the financial results of the disposal group have been presented as discontinued operations in the consolidated statements of income for all periods presented. (Loss) income from discontinued operations,

28

after income taxes, was $(60.0) million for the three-month period ended June 30, 2014 compared to $2.6 million for the three-month period ended June 30, 2013. Included in the 2014 period is a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. The expected loss is primarily attributable to goodwill, intangibles and long-lived assets which are included in the assets classified as held for sale at June 30, 2014. The final selling price of these assets may be higher or lower than our current assessment of fair value.

Net Income Attributable to Noncontrolling Interests

For the three-month period ended June 30, 2014, net income attributable to noncontrolling interests was $6.9 million compared to $8.4 million in the same period last year. This decrease of $1.5 million was due primarily to lower profits of our consolidated joint venture Jordan Bromine Company in the 2014 period.

Net Income Attributable to Albemarle Corporation

Net income attributable to Albemarle Corporation decreased to $22.4 million in the three-month period ended June 30, 2014, from $82.7 million in the three-month period ended June 30, 2013 primarily due to a $60.3 million after-tax charge in the 2014 period related to the expected loss on the anticipated sale of certain assets to SI Group, Inc., a $3.1 million after-tax charge in the 2014 period for certain significant acquisition-related costs, a $2.1 million after-tax charge in the 2014 period for certain multi-product facility project costs that we do not expect to recover in future periods, higher SG&A costs of $5.3 million before taxes due to sales commissions and incentive compensation costs, and unfavorable volumes in Performance Chemicals of approximately $9.0 million on lower customer demand for the period, partly offset by favorable volumes in Catalyst Solutions of approximately $17.0 million before taxes and favorable variable input costs of approximately $3.0 million before taxes.

Other Comprehensive (Loss) Income

Total other comprehensive (loss) income, net of tax, was $(7.3) million for the three-month period ended June 30, 2014 compared to $4.9 million for the corresponding period in 2013. In the 2014 period, other comprehensive (loss), net of tax, from foreign currency translation adjustments was $(0.8) million, mainly as a result of unfavorable movements in the European Union Euro of approximately $11.0 million, partly offset by favorable movements in other currencies in which the company does significant business, mostly the Korean Won of approximately $7.0 million and the Brazilian Real of approximately $3.0 million. Also included in total other comprehensive (loss) for the 2014 period is an unrealized (loss), net of tax, of $(6.4) million related to our forward starting interest rate swap. In the 2013 period, other comprehensive income, net of tax, from foreign currency translation adjustments was $5.2 million, mainly as a result of approximately $17.0 million income due to favorable movements in the European Union Euro partly offset by approximately $10.0 million in unfavorable movements in the Brazilian Real.

Segment Information Overview. We have identified two reportable segments according to the nature and economic characteristics of our products as well as the manner in which the information is used internally by the Company’s chief operating decision maker to evaluate performance and make resource allocation decisions. Our Performance Chemicals segment is composed of the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories. Our Catalyst Solutions segment is composed of the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories. Segment income represents segment operating profit and equity in net income of unconsolidated investments and is reduced by net income attributable to noncontrolling interests. Segment data includes intersegment transfers of raw materials at cost and allocations for certain corporate costs.

The Corporate & other segment includes corporate-related items not allocated to the reportable segments. Pension and OPEB service cost (which represents the benefits earned by active employees during the period) and amortization of prior service cost or benefit are allocated to each segment whereas the remaining components of pension and OPEB cost or credit are included in Corporate & other.

29

	Three Months Ended June 30,										Percentage Change
	2014			% of net sales		2013			% of net sales		2014 vs. 2013
	(In thousands, except percentages)
Net sales:
Performance Chemicals	$	334,187		55.3	%	$	343,024		59.5	%	(3	)%
Catalyst Solutions	270,534			44.7	%	233,818			40.5	%	16	%
Total net sales	$	604,721		100.0	%	$	576,842		100.0	%	5	%
Segment operating profit:
Performance Chemicals	$	77,265		23.1	%	$	88,694		25.9	%	(13	)%
Catalyst Solutions	59,918			22.1	%	36,271			15.5	%	65	%
Total segment operating profit	137,183					124,965					10	%
Equity in net income of unconsolidated investments:
Performance Chemicals	2,660					2,328					14	%
Catalyst Solutions	7,989					7,381					8	%
Total equity in net income of unconsolidated investments	10,649					9,709					10	%
Net income attributable to noncontrolling interests:
Performance Chemicals	(6,932		)			(8,389		)			(17	)%
Total net income attributable to noncontrolling interests	(6,932		)			(8,389		)			(17	)%
Segment income:
Performance Chemicals	72,993			21.8	%	82,633			24.1	%	(12	)%
Catalyst Solutions	67,907			25.1	%	43,652			18.7	%	56	%
Total segment income	140,900					126,285					12	%
Corporate & other	(18,768		)			(16,585		)			13	%
Restructuring and other charges, net	(8,175		)			—					*
Interest and financing expenses	(8,733		)			(7,608		)			15	%
Other expenses, net	(979		)			(1,585		)			(38	)%
Income tax expense	(21,773		)			(20,396		)			7	%
(Loss) income from discontinued operations (net of tax)	(60,025		)			2,628					*
Net income attributable to Albemarle Corporation	$	22,447				$	82,739				(73	)%

*Percentage calculation is not meaningful.

Our segment information includes measures we refer to as Segment operating profit and Segment income which are financial measures that are not required by, or presented in accordance with, GAAP. The Company has reported Segment operating profit and Segment income because management believes that these financial measures provide transparency to investors and enable period-to-period comparability of financial performance. Segment operating profit and Segment income should not be considered as an alternative to Operating profit or Net income attributable to Albemarle Corporation, respectively, as determined in accordance with GAAP.

See below for a reconciliation of Segment operating profit and Segment income, the non-GAAP financial measures, to Operating profit and Net income attributable to Albemarle Corporation, respectively, the most directly comparable financial measures calculated and reported in accordance with GAAP.

30

	Three Months Ended   June 30,
	2014			2013
	(In thousands)
Total segment operating profit	$	137,183		$	124,965
Add (less):
Corporate & other	(18,768		)	(16,585		)
Restructuring and other charges, net	(8,175		)	—
GAAP Operating profit	$	110,240		$	108,380
Total segment income	$	140,900		$	126,285
Add (less):
Corporate & other	(18,768		)	(16,585		)
Restructuring and other charges, net	(8,175		)	—
Interest and financing expenses	(8,733		)	(7,608		)
Other expenses, net	(979		)	(1,585		)
Income tax expense	(21,773		)	(20,396		)
(Loss) income from discontinued operations (net of tax)	(60,025		)	2,628
GAAP Net income attributable to Albemarle Corporation	$	22,447		$	82,739

Performance Chemicals

Performance Chemicals segment net sales for the three-month period ended June 30, 2014 were $334.2 million, down $8.8 million, or 3%, in comparison to the same period in 2013. The decrease was driven mainly by unfavorable volume impacts of approximately $17.0 million in our Specialty Chemicals business partly offset by favorable volumes of approximately $7.0 million in Fine Chemistry Services. Segment income for Performance Chemicals was down 12%, or $9.6 million, to $73.0 million for the three-month period ended June 30, 2014, compared to the same period in 2013, as a result of lower volumes in Specialty Chemicals (net of noncontrolling interests) of approximately $5.0 million due to period demand, higher manufacturing and SG&A spending of approximately $4.0 million and lower pricing of approximately $2.0 million mainly on Fire Safety Solutions demand, partly offset by lower variable input costs of approximately $2.0 million.

Catalyst Solutions

Catalyst Solutions segment net sales for the three-month period ended June 30, 2014 were $270.5 million, an increase of $36.7 million, or 16%, compared to the three-month period ended June 30, 2013. This increase was due to favorable volumes of 14% on market demand across all businesses, favorable impacts from currency translation of 1% primarily on a stronger European Union Euro and favorable pricing of 1% due to market conditions (driven by Refinery Catalyst Solutions). Catalyst Solutions segment income increased 56%, or $24.3 million, to $67.9 million for the three-month period ended June 30, 2014 in comparison to the corresponding period of 2013. This increase was due primarily to approximately $19.0 million favorable volume impacts in all businesses on stronger market demand, approximately $3.0 million lower variable input costs, approximately $1.0 million favorable equity in income of unconsolidated investments, and favorable pricing due to market conditions of approximately $3.0 million.

Corporate and other

For the three-month period ended June 30, 2014, our Corporate and other expense was $18.8 million compared to $16.6 million for the corresponding period in 2013, due primarily to unfavorable incentive compensation costs.

31

Six Months 2014 Compared to Six Months 2013

Selected Financial Data (Unaudited)

	Six Months Ended   June 30,						Percentage Change
	2014			2013			2014 vs. 2013
	(In thousands, except percentages and per share amounts)
NET SALES	$	1,204,564		$	1,163,439		4	%
Cost of goods sold	801,602			775,858			3	%
GROSS PROFIT	402,962			387,581			4	%
GROSS PROFIT MARGIN	33.5		%	33.3		%
Selling, general and administrative expenses	145,115			125,300			16	%
Research and development expenses	44,509			41,518			7	%
Restructuring and other charges, net	25,175			—			*
OPERATING PROFIT	188,163			220,763			(15	)%
OPERATING PROFIT MARGIN	15.6		%	19.0		%
Interest and financing expenses	(17,506		)	(12,839		)	36	%
Other income (expenses), net	164			(5,779		)	(103	)%
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN NET INCOME OF UNCONSOLIDATED INVESTMENTS	170,821			202,145			(15	)%
Income tax expense	34,963			45,934			(24	)%
Effective tax rate	20.5		%	22.7		%
INCOME FROM CONTINUING OPERATIONS BEFORE EQUITY IN NET INCOME OF UNCONSOLIDATED INVESTMENTS	135,858			156,211			(13	)%
Equity in net income of unconsolidated investments (net of tax)	19,550			19,970			(2	)%
NET INCOME FROM CONTINUING OPERATIONS	155,408			176,181			(12	)%
(Loss) income from discontinued operations (net of tax)	(61,794		)	4,463			*
NET INCOME	93,614			180,644			(48	)%
Net income attributable to noncontrolling interests	(14,584		)	(13,918		)	5	%
NET INCOME ATTRIBUTABLE TO ALBEMARLE CORPORATION	$	79,030		$	166,726		(53	)%
NET INCOME FROM CONTINUING OPERATIONS AS A PERCENTAGE OF NET SALES	12.9		%	15.1		%
Basic earnings (loss) per share:
Continuing operations	$	1.78		$	1.88		(5	)%
Discontinued operations	(0.78		)	0.05			*
	$	1.00		$	1.93		(48	)%
Diluted earnings (loss) per share:
Continuing operations	$	1.77		$	1.87		(5	)%
Discontinued operations	(0.78		)	0.05			*
	$	0.99		$	1.92		(48	)%

*Percentage calculation is not meaningful.

Net Sales

For the six-month period ended June 30, 2014, we recorded net sales of $1.20 billion, an increase of 4% compared to net sales of $1.16 billion for the six-month period ended June 30, 2013. This increase was due primarily to favorable volume impacts of 3%, including favorable impacts of approximately $44.0 million in Catalyst Solutions and unfavorable impacts of approximately $6.0 million in Performance Chemicals, favorable currency impacts of approximately $8.0 million due to a stronger European Union Euro, partly offset by unfavorable pricing of approximately $5.0 million.

32

Gross Profit

For the six-month period ended June 30, 2014, our gross profit increased $15.4 million, or 4%, from the corresponding 2013 period due mainly to favorable volumes and lower variable input costs, partly offset by unfavorable pricing and higher manufacturing costs (including $3.0 million of higher pension and OPEB costs allocated to cost of goods sold, substantially all of which resulted from mark-to-market actuarial losses in connection with the curtailment and remeasurement as noted below in Selling, General and Administrative Expenses). Overall, these factors contributed to a higher gross profit margin for the six-month period ended June 30, 2014 of 33.5%, up from 33.3% for the corresponding period in 2013.

Selling, General and Administrative Expenses

For the six-month period ended June 30, 2014, our SG&A expenses increased $19.8 million, or 16%, from the six-month period ended June 30, 2013. This increase was primarily due to unfavorable pension and OPEB impacts of $11.7 million (including mark-to-market actuarial losses of $12.5 million) and higher incentive compensation costs and commissions. As a percentage of net sales, SG&A expenses were 12.0% for the six-month period ended June 30, 2014, compared to 10.8% for the corresponding period in 2013.

The mark-to-market actuarial loss in 2014 resulted from a curtailment related to one of our U.S. defined benefit pension plans and our SERP, which triggered a remeasurement of the related assets and obligations during the first quarter. The curtailment was in connection with our workforce reduction plan initiated in the fourth quarter of 2013. The mark-to-market actuarial loss in 2014 is primarily attributable to: (a) a decrease in the weighted average discount rate for our domestic pension plans from 5.14% to 4.97%; and (b) the annualized actual return on the assets of the U.S. defined benefit pension plan subject to the curtailment being approximately (5.00%), significantly lower than the expected return of 7.00%, as a result of overall market and investment portfolio performance. There were no mark-to-market actuarial gains or losses related to our defined benefit pension and OPEB plans recorded during the six-month period ended June 30, 2013.

Research and Development Expenses

For the six-month period ended June 30, 2014, our R&D expenses increased $3.0 million, or 7%, from the six-month period ended June 30, 2013, as a result of higher spending. As a percentage of net sales, R&D expenses were 3.7% for the six-month period ended June 30, 2014, compared to 3.6% for the corresponding period in 2013.

Restructuring and Other Charges, Net

During the first quarter of 2014, we initiated action to reduce high cost supply capacity of certain aluminum alkyl products, primarily through the termination of a third party manufacturing contract. Based on the contract termination, we estimate costs of approximately $14.0 million (recorded in Accrued expenses at June 30, 2014) for contract termination and volume commitments. Additionally, we have recorded an impairment charge of $3.0 million for certain capital project costs also related to aluminum alkyls capacity which we do not expect to recover. After income taxes, these charges were approximately $11.1 million.

Also included in Restructuring and other charges, net for the six-month period ended June 30, 2014 are $4.9 million ($3.1 million after income taxes) of certain significant acquisition-related costs and a write-off of $3.3 million ($2.1 million after income taxes) for certain multi-product facility project costs that we do not expect to recover in future periods.

Interest and Financing Expenses

Interest and financing expenses for the six-month period ended June 30, 2014 increased $4.7 million to $17.5 million from the corresponding 2013 period due mainly to decreases in interest capitalized on lower average construction work in progress balances in the 2014 period.

Other Income (Expenses), Net

Other income (expenses), net for the six-month period ended June 30, 2014 was $0.2 million versus $(5.8) million for the corresponding 2013 period. This change was due primarily to favorable currency impacts compared to the corresponding period in 2013 due to better management of currency risks.

Income Tax Expense

The effective income tax rate for the first six months of 2014 was 20.5% compared to 22.7% for the first six months of 2013. Our effective income tax rate differs from the U.S. federal statutory income tax rates in the comparative periods mainly due to the impact of earnings from outside the U.S. Our effective income tax rate in the 2014 period was also impacted by the pension plan curtailment and related remeasurement, and the restructuring and other charges noted above.

33

Equity in Net Income of Unconsolidated Investments

Equity in net income of unconsolidated investments was $19.6 million for the six-month period ended June 30, 2014 compared to $20.0 million in the same period last year. This decrease was due primarily to lower equity income amounts reported by our Catalyst Solutions segment joint ventures Saudi Organometallic Chemicals Company and Fábrica Carioca de Catalisadores SA, partially offset by higher equity income reported by our Catalyst Solutions segment joint venture Nippon Ketjen Company Limited and our Performance Chemicals segment joint venture Magnifin.

(Loss) Income from Discontinued Operations

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. In the second quarter of 2014, the Company began accounting for these assets as held for sale, and as such the financial results of the disposal group have been presented as discontinued operations in the consolidated statements of income for all periods presented. (Loss) income from discontinued operations, after income taxes, was $(61.8) million for the six-month period ended June 30, 2014 compared to $4.5 million for the six-month period ended June 30, 2013. Included in the 2014 period is a pre-tax impairment charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. The expected loss is primarily attributable to goodwill, intangibles and long-lived assets which are included in the assets classified as held for sale at June 30, 2014. The final selling price of these assets may be higher or lower than our current assessment of fair value.

Net Income Attributable to Noncontrolling Interests

For the six-month period ended June 30, 2014, net income attributable to noncontrolling interests was $14.6 million compared to $13.9 million in the same period last year. This increase of $0.7 million was due primarily to higher profits of our consolidated joint venture Jordan Bromine Company in the 2014 period.

Net Income Attributable to Albemarle Corporation

Net income attributable to Albemarle Corporation decreased to $79.0 million in the six-month period ended June 30, 2014, from $166.7 million in the six-month period ended June 30, 2013 primarily due to a $60.3 million after-tax impairment charge in the 2014 period related to the expected loss on the anticipated sale of certain assets to SI Group, Inc., unfavorable impacts of $14.8 million before taxes related to pension and OPEB items mainly resulting from an actuarial loss in the 2014 period, an $11.1 million after tax charge related to a reduction of aluminum alkyl supply capacity in the 2014 period, a $3.1 million after-tax charge in the 2014 period for certain significant acquisition-related costs, a $2.1 million after-tax charge in the 2014 period for certain multi-product facility project costs that we do not expect to recover in future periods, unfavorable pricing of approximately $5.0 million before taxes (driven by Performance Chemicals partly offset by favorable pricing in Catalyst Solutions) due to market conditions, and higher manufacturing and SG&A costs of approximately $13.0 million before taxes, partly offset by favorable volume impacts of approximately $17.0 million before taxes on market demand and lower variable input costs of approximately $9.0 million before taxes.

Other Comprehensive Loss

Total other comprehensive loss, net of tax, was $16.9 million for the six-month period ended June 30, 2014 compared to $29.0 million for the corresponding period in 2013. In the 2014 period, other comprehensive loss, net of tax, from foreign currency translation adjustments was $6.1 million, mainly as a result of unfavorable movements of approximately $16.0 million in the European Union Euro partly offset by favorable movements in the Brazilian Real of approximately $7.0 million and in the Korean Won of approximately $4.0 million. Also included in total other comprehensive loss for the 2014 period is an unrealized loss, net of tax, of $10.4 million related to our forward starting interest rate swap. In the 2013 period, other comprehensive loss, net of tax, from foreign currency translation adjustments was $28.7 million, mainly as a result of unfavorable movements of approximately $17.0 million, $9.0 million and $4.0 million in the European Union Euro, Brazilian Real and Korean Won, respectively, partly offset by favorable movements of approximately $1.0 million in the Chinese Renminbi.

34

Segment Information Overview

	Six Months Ended June 30,										Percentage Change
	2014			% of net sales		2013			% of net sales		2014 vs. 2013
	(In thousands, except percentages)
Net sales:
Performance Chemicals	$	684,444		56.8	%	$	694,048		59.7	%	(1	)%
Catalyst Solutions	520,120			43.2	%	469,391			40.3	%	11	%
Total net sales	$	1,204,564		100.0	%	$	1,163,439		100.0	%	4	%
Segment operating profit:
Performance Chemicals	$	157,741		23.0	%	$	174,159		25.1	%	(9	)%
Catalyst Solutions	109,130			21.0	%	78,410			16.7	%	39	%
Total segment operating profit	266,871					252,569					6	%
Equity in net income of unconsolidated investments:
Performance Chemicals	5,577					4,636					20	%
Catalyst Solutions	13,973					15,334					(9	)%
Total equity in net income of unconsolidated investments	19,550					19,970					(2	)%
Net income attributable to noncontrolling interests:
Performance Chemicals	(14,584		)			(13,918		)			5	%
Total net income attributable to noncontrolling interests	(14,584		)			(13,918		)			5	%
Segment income:
Performance Chemicals	148,734			21.7	%	164,877			23.8	%	(10	)%
Catalyst Solutions	123,103			23.7	%	93,744			20.0	%	31	%
Total segment income	271,837					258,621					5	%
Corporate & other	(53,533		)			(31,806		)			68	%
Restructuring and other charges, net	(25,175		)			—					*
Interest and financing expenses	(17,506		)			(12,839		)			36	%
Other income (expenses), net	164					(5,779		)			(103	)%
Income tax expense	(34,963		)			(45,934		)			(24	)%
(Loss) income from discontinued operations (net of tax)	(61,794		)			4,463					*
Net income attributable to Albemarle Corporation	$	79,030				$	166,726				(53	)%

*Percentage calculation is not meaningful.

Our segment information includes measures we refer to as “Segment operating profit” and “Segment income” which are financial measures that are not required by, or presented in accordance with, GAAP. The Company has reported Segment operating profit and Segment income because management believes that these financial measures provide transparency to investors and enable period-to-period comparability of financial performance. Segment operating profit and Segment income should not be considered as an alternative to Operating profit or Net income attributable to Albemarle Corporation, respectively, as determined in accordance with GAAP.

See below for a reconciliation of Segment operating profit and Segment income, the non-GAAP financial measures, to Operating profit and Net income attributable to Albemarle Corporation, respectively, the most directly comparable financial measures calculated and reported in accordance with GAAP.

35

	Six Months Ended   June 30,
	2014			2013
	(In thousands)
Total segment operating profit	$	266,871		$	252,569
Add (less):
Corporate & other	(53,533		)	(31,806		)
Restructuring and other charges, net	(25,175		)	—
GAAP Operating profit	$	188,163		$	220,763
Total segment income	$	271,837		$	258,621
Add (less):
Corporate & other	(53,533		)	(31,806		)
Restructuring and other charges, net	(25,175		)	—
Interest and financing expenses	(17,506		)	(12,839		)
Other income (expenses), net	164			(5,779		)
Income tax expense	(34,963		)	(45,934		)
(Loss) income from discontinued operations (net of tax)	(61,794		)	4,463
GAAP Net income attributable to Albemarle Corporation	$	79,030		$	166,726

Performance Chemicals

Performance Chemicals segment net sales for the six-month period ended June 30, 2014 were $684.4 million, down $9.6 million, or 1%, in comparison to the same period in 2013. The decrease was driven mainly by unfavorable net pricing impacts of 1% due to market conditions mainly in Fire Safety Solutions and unfavorable volumes of 1% on market demand (mainly in Specialty Chemicals), partly offset by favorable currency impacts of approximately 1% mainly due to a stronger European Union Euro. Segment income for Performance Chemicals was down 10%, or $16.1 million, to $148.7 million for the six-month period ended June 30, 2014, compared to the same period in 2013, as a result of lower pricing of approximately $8.0 million mainly in Fire Safety Solutions, higher manufacturing and SG&A spending of approximately $6.0 million, and lower volumes of approximately $5.0 million due to period demand, partly offset by lower variable input costs of approximately $3.0 million.

Catalyst Solutions

Catalyst Solutions segment net sales for the six-month period ended June 30, 2014 were $520.1 million, an increase of $50.7 million, or 11%, compared to the six-month period ended June 30, 2013. This increase was due to favorable volumes of 9% on market demand, favorable pricing of 1% due to market conditions (driven by Refinery Catalyst Solutions, partly offset by unfavorable pricing in Performance Catalyst Solutions), and favorable currency impacts of approximately 1% due to a stronger European Union Euro. Catalyst Solutions segment income increased 31%, or $29.4 million, to $123.1 million for the six-month period ended June 30, 2014 in comparison to the corresponding period of 2013. This increase was due primarily to approximately $26.0 million favorable volume impacts on stronger market demand, lower variable input costs of approximately $6.0 million and favorable pricing of approximately $4.0 million mainly in Refinery Catalyst Solutions due to market conditions. These were partly offset by approximately $2.0 million in unfavorable spending at our manufacturing facilities.

Corporate and other

For the six-month period ended June 30, 2014, our Corporate and other expense was $53.5 million compared to $31.8 million for the corresponding period in 2013. This increase was primarily due to unfavorable pension and OPEB costs mainly due to the current period curtailment and remeasurement charge and unfavorable incentive compensation costs.

Financial Condition and Liquidity

Overview

The principal uses of cash in our business generally have been capital investments, funding working capital and repayment of debt. We also make contributions to our U.S. defined benefit pension plans, pay dividends to our shareholders and repurchase shares of our common stock. Historically, cash to fund the needs of our business has been principally provided by cash from operations, debt financing and equity issuances.

We are continually focused on working capital efficiency particularly in the areas of accounts receivable and inventory. We anticipate that cash on hand, cash provided by operating activities and long-term borrowings will be sufficient to pay our

36

operating expenses, satisfy debt service obligations, fund capital expenditures and other investing activities, fund pension contributions and pay dividends for the foreseeable future.

Cash Flow

During the first six months of 2014, cash on hand and cash provided by operations funded payments of $150.0 million for repurchases of our common stock, capital expenditures for plant, machinery and equipment of $46.7 million and dividends to shareholders of $41.3 million. Our operations provided $295.1 million of cash flows during the first six months of 2014, as compared to $178.9 million for the first six months of 2013. Overall, our cash and cash equivalents increased by $37.9 million to $515.1 million at June 30, 2014, up from $477.2 million at December 31, 2013.

Net current assets were $710.0 million and $1.05 billion at June 30, 2014 and December 31, 2013, respectively, with the decrease being largely due to the reclassification of our commercial paper notes from Long-term debt to Current portion of long-term debt. Other changes in the components of net current assets are due to the timing of the sale of goods and other normal transactions leading up to the balance sheet dates and are not the result of any policy changes by the Company, nor do they reflect any change in either the quality of our net current assets or our expectation of success in converting net working capital to cash in the normal course of business.

Capital expenditures for the six-month period ended June 30, 2014 of $46.7 million were associated with property, plant and equipment additions. We expect our capital expenditures to approximate $100 - $125 million in 2014 for capacity increases, cost reduction and continuity of operations projects.

On February 25, 2014, we increased our quarterly dividend rate to $0.275 per share, a 15% increase from the quarterly rate of $0.24 per share paid in 2013. Under our existing Board authorized share repurchase program, on February 3, 2014, we entered into an ASR agreement with Merrill Lynch, acting through its agent Merrill Lynch, Pierce, Fenner and Smith Incorporated, relating to a fixed-dollar, uncollared ASR program pursuant to which we purchased $50 million of our common stock from Merrill Lynch in two $25 million tranches. On February 3, 2014, we paid $50 million to Merrill Lynch and received an initial delivery of 623,248 shares of our common stock with a fair market value of approximately $40 million. This purchase was funded with cash on hand. Under the terms of the agreement, on April 30, 2014, the transaction was completed and we received a final settlement of 150,504 shares, calculated based on calculated based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock over the term of the agreement, less a forward price adjustment amount of approximately $0.77.

Under our existing Board authorized share repurchase program, on April 30, 2014, we entered into an ASR agreement with JPMorgan, acting through its agent J.P. Morgan Securities LLC, relating to a fixed-dollar, uncollared ASR program pursuant to which we will purchase $100 million of our common stock from JPMorgan. The shares will be purchased by JPMorgan in two $50 million tranches that may be settled separately or simultaneously. On May 1, 2014, we paid $100 million to JPMorgan and received an initial delivery of 1,193,317 shares of our common stock with a fair market value of approximately $80 million. This purchase was funded with cash on hand and commercial paper notes. The total number of shares to ultimately be purchased under the ASR agreement with JPMorgan will be determined at the completion of the trade and will generally be based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock over the term of the agreement. Based on the Rule 10b-18 volume-weighted average prices calculated as of June 30, 2014, additional shares expected to be received upon final settlement would be approximately 231,000 shares. The final settlement amount may increase or decrease depending upon the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock during the remaining term of the agreement. As announced on July 15, 2014, the Company and Rockwood entered into the Merger Agreement pursuant to which the Company will acquire Rockwood in a cash and stock transaction. Pursuant to the terms of the ASR Agreement with JPMorgan, the period over which the Rule 10b-18 volume-weighted average prices of the Company’s common stock is calculated has been suspended, effective as of the date of the Merger Agreement. Final settlement is expected to occur approximately twelve trading days after the later of (a) the completion of the transaction, or (b) the completion of any restricted period (as defined under Regulation M of the Exchange Act) related to the transaction. However, final settlement may be accelerated at the option of JPMorgan, and the number of shares to be delivered may be adjusted upon the announcement or occurrence of certain corporate events, including without limitation, tender offers, delisting, merger events or insolvency. Additionally, the ASR agreement with JPMorgan will be terminated at any time that our share price is at or below $33.50 per share.

In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. In the fourth quarter of 2013 we recorded charges of $33.4 million ($21.9 million after income taxes) for termination benefits and other costs related to this workforce reduction plan. Payments remaining under this workforce reduction plan of approximately $11.6 million are expected to be substantially complete in 2014. We do not anticipate a significant reduction in future operating

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expenses as a result of the workforce reduction because we plan to redeploy resources to research and development, sales and business development in support of our strategic objectives to more rapidly develop and commercialize new applications for bromine, protect and grow our flame retardants business and more aggressively expand our catalyst business into new markets.

During the first quarter of 2014 we initiated action to reduce high cost supply capacity of certain aluminum alkyl products, primarily through the termination of a third party manufacturing contract. Based on the contract termination, we estimate costs of approximately $14.0 million (recorded in Accrued expenses at June 30, 2014) for contract termination and volume commitments. Additionally, we have recorded an impairment charge of $3.0 million for certain capital project costs also related to aluminum alkyls capacity which we do not expect to recover. After income taxes, these charges were approximately $11.1 million. We expect to realize annual savings of up to $3 million as a result of this capacity reduction, beginning within the next two years.

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. Included in the transaction are Albemarle’s manufacturing sites in Orangeburg, South Carolina and Jinshan, China, along with Albemarle’s antioxidant product lines manufactured in Ningbo, China. The sale is subject to customary closing conditions and is expected to close later in 2014. In the second quarter of 2014, the Company began accounting for these assets as held for sale and recorded a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. The expected loss is primarily attributable to goodwill, intangibles and long-lived assets which are included in the assets classified as held for sale at June 30, 2014. Cumulative foreign currency translation gains of $16.7 million were also included in the assessment of the assets’ carrying value for purposes of calculating the expected loss. The final selling price of these assets may be higher or lower than our current assessment of fair value. The expected loss and estimated costs to sell, net of related taxes, are included in (Loss) income from discontinued operations in our consolidated statements of income for the three-month and six-month periods ended June 30, 2014.

At June 30, 2014 and December 31, 2013, our cash and cash equivalents included $502.1 million and $388.3 million, respectively, held by our foreign subsidiaries. The majority of these foreign cash balances are associated with earnings that we have asserted are indefinitely invested and which we plan to use to support our continued growth plans outside the U.S. through funding of capital expenditures, acquisitions, research, operating expenses or other similar cash needs of our foreign operations. From time to time, we repatriate cash from our foreign subsidiaries to the U.S. for normal operating needs through intercompany dividends, but only from subsidiaries whose earnings we have not asserted to be indefinitely invested or whose earnings qualify as “previously taxed income” as defined by the Internal Revenue Code. For the three-month and six-month periods ended June 30, 2014, we repatriated approximately $6.0 million in cash as part of these foreign cash repatriation activities. No such repatriations occurred during the three-month and six-month periods ended June 30, 2013.

While we continue to closely monitor our cash generation, working capital management and capital spending in light of continuing uncertainties in the global economy, we are optimistic that we will continue to have the financial flexibility and capability to opportunistically fund future growth initiatives. Additionally, we anticipate that future capital spending including business acquisitions, share repurchases and other cash outlays should be financed primarily with cash flow provided from operations and cash on hand, with additional cash needed, if any, provided by borrowings, including borrowings under our February 2014 credit agreement or our commercial paper. The amount and timing of any additional borrowings will depend on our specific cash requirements.

Long-Term Debt

We currently have outstanding $325.0 million of 5.10% senior notes due in 2015 and $350.0 million of 4.50% senior notes due in 2020, or the senior notes. The senior notes are senior unsecured obligations and rank equally with all of our other senior unsecured indebtedness from time to time outstanding. The senior notes are effectively subordinated to any of our existing or future secured indebtedness and to the existing and future indebtedness of our subsidiaries. We may redeem the senior notes before their maturity, in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the senior notes to be redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semi-annual basis using the Treasury Rate (as defined in the indentures governing the senior notes) plus 15 basis points for the senior notes maturing in 2015 and 25 basis points for the senior notes maturing in 2020, plus, in each case, accrued interest thereon to the date of redemption. However, the 2020 senior notes are redeemable in whole or in part, at our option, at any time on or after three months prior to the maturity date, at a redemption price equal to 100% of the principal amount of the senior notes to be redeemed plus accrued and unpaid interest on the senior notes to be redeemed to the date of redemption. Holders of the 2020 senior notes may require us to purchase such notes at 101% upon a Change of Control Triggering Event, as defined in the related indenture.

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The principal amounts of the senior notes become immediately due and payable upon the occurrence of certain bankruptcy or insolvency events involving us or certain of our subsidiaries and may be declared immediately due and payable by the trustee or the holders of not less than 25% of the senior notes upon the occurrence of an event of default. Events of default include, among other things: failure to pay principal or interest at required times; failure to perform or remedy a breach of covenants within prescribed periods; an event of default on any of our other indebtedness or certain indebtedness of our subsidiaries of $40.0 million or more that is caused by a failure to make a payment when due or that results in the acceleration of that indebtedness before its maturity; and certain bankruptcy or insolvency events involving us or certain of our subsidiaries.

In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap with J.P. Morgan Chase Bank, N.A., to be effective October 15, 2014. Under this swap, we hedged the interest rate and partial credit spread on the 20 future semi-annual coupon payments that we would pay when we refinance our 2015 senior notes with another 10 year note. The notional amount of the swap is $325.0 million and the fixed rate is 3.281%. A cash settlement will occur on the termination date determined by reference to the changes in the U.S. dollar 3-month LIBOR and credit spreads from the date we entered into the swap until the date we terminate the swap. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under Accounting Standards Codification 815, Derivatives and Hedging.

On February 7, 2014, we entered into a new $750.0 million credit facility. The five-year, revolving, unsecured credit agreement (the February 2014 credit agreement) matures on February 7, 2019 and (i) replaces our previous $750.0 million amended and restated credit agreement (the September 2011 credit agreement) dated as of September 22, 2011; (ii) provides for an additional $250.0 million in credit, if needed, subject to the terms of the agreement; and (iii) provides for the ability to extend the maturity date under certain conditions. Borrowings bear interest at variable rates based on the LIBOR for deposits in the relevant currency plus an applicable margin which ranges from 0.900% to 1.500%, depending on the Company’s credit rating from S&P and Moody’s. The applicable margin on the facility was 1.000% as of June 30, 2014. There were no borrowings outstanding under the February 2014 credit agreement as of June 30, 2014.

Borrowings under the February 2014 credit agreement are conditioned upon compliance with the following covenants: (i) consolidated funded debt, as defined in the agreement, must be less than or equal to 3.50 times consolidated EBITDA, as defined in the agreement, (which reflects adjustments for certain non-recurring or unusual items such as restructuring charges, facility divestiture charges and other significant non-recurring items), or herein “consolidated adjusted EBITDA,” as of the end of any fiscal quarter; (ii) with the exception of liens specified in our new credit facility, liens may not attach to assets when the aggregate amount of all indebtedness secured by such liens plus unsecured subsidiary indebtedness, other than indebtedness incurred by our subsidiaries under the February 2014 credit agreement, would exceed 20% of consolidated net worth, as defined in the agreement; and (iii) with the exception of indebtedness specified in the February 2014 credit agreement, subsidiary indebtedness may not exceed the difference between 20% of consolidated net worth, as defined in the agreement, and indebtedness secured by liens permitted under the agreement.

On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Notes”) from time-to-time up to a maximum aggregate principal amount outstanding at any time of $750 million. The proceeds from the issuance of the Notes are expected to be

used for general corporate purposes, including the repayment of other debt of the Company. Our February 2014 credit agreement is available to repay the Notes, if necessary. Aggregate borrowings outstanding under the February 2014 credit agreement and the commercial paper program will not exceed the $750 million current maximum amount available under the February 2014 credit agreement. The Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of the issuance of the Notes. The maturities of the Notes will vary but may not exceed 397 days from the date of issue. The definitive documents relating to the Notes contain customary representations, warranties, default and indemnification provisions.

At June 30, 2014, we had $363.0 million of Notes outstanding bearing a weighted-average interest rate of approximately 0.25% and a weighted-average maturity of 20 days. In order to maintain flexibility with regard to our liquidity strategy, in the second quarter of 2014 the Notes were reclassified from Long-term debt to Current portion of long-term debt in our condensed consolidated balance sheet.

Our $325.0 million aggregate principal amount of senior notes, issued on January 20, 2005, mature on February 1, 2015. At June 30, 2014, we have classified these senior notes as long-term based on our ability and intent to refinance them on a long-term basis through the issuance of new senior notes or borrowings under the February 2014 credit agreement.

The non-current portion of our long-term debt was $685.8 million at June 30, 2014 and $1.1 billion at December 31, 2013. In addition, at June 30, 2014, we had the ability to borrow $387.0 million under our commercial paper program and the February 2014 credit agreement, and $223.0 million under other existing lines of credit, subject to various financial covenants under our February 2014 credit agreement. We have the ability and intent to refinance our borrowings under our other existing

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credit lines with borrowings under the February 2014 credit agreement, as applicable. Therefore, the amounts outstanding under those credit lines, if any, are classified as long-term debt. We believe that as of June 30, 2014, we were, and currently are, in compliance with all of our debt covenants.

On July 15, 2014, Albemarle and Rockwood Holdings, Inc. entered into the Merger Agreement pursuant to which Albemarle will acquire Rockwood in a cash and stock transaction valued at approximately $6.2 billion. Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for $50.65 in cash and 0.4803 of a share of Albemarle common stock. Albemarle expects to fund the aggregate cash portion of the merger consideration (the “Cash Consideration”) using (i) approximately $2.2 billion of cash on hand expected to be available from Albemarle, Rockwood and their respective subsidiaries at the time of closing, and (ii) approximately $1.5 billion in debt financing from the proceeds of new senior notes to be issued by Albemarle. Albemarle has obtained financing commitments to cover, if necessary, up to the entire amount of the Cash Consideration, pursuant to a commitment letter (the “Commitment Letter”) entered into on July 15, 2014, among Albemarle, Bank of America, N.A. (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Pursuant to the Commitment Letter, Bank of America has also agreed to provide a $750 million replacement revolving credit facility in the event that proposed amendments to Albemarle’s existing revolving credit facility in connection with the acquisition cannot be obtained. The funding of the facilities provided for in the Commitment Letter is contingent on the satisfaction of customary conditions, including (i) execution and delivery of definitive documentation with respect to such facilities in accordance with the terms sets forth in the Commitment Letter and (ii) consummation of the merger.

Off-Balance Sheet Arrangements

In the normal course of business with customers, vendors and others, we have entered into off-balance sheet arrangements, including bank guarantees and letters of credit, which totaled approximately $35.6 million at June 30, 2014. None of these off-balance sheet arrangements has, or is likely to have, a material effect on our current or future financial condition, results of operations, liquidity or capital resources.

Other Obligations

Total expected 2014 contributions to our domestic and foreign qualified and nonqualified pension plans, including our SERP, should approximate $5 million. We may choose to make additional pension contributions in excess of this amount. We have made contributions of $2.3 million to our domestic and foreign pension plans (both qualified and nonqualified) during the six-month period ended June 30, 2014.

The liability related to uncertain tax positions, including interest and penalties, recorded in Other noncurrent liabilities totaled $27.6 million at June 30, 2014 and $29.8 million at December 31, 2013. Related assets for corresponding offsetting benefits recorded in Other assets totaled $23.0 million at June 30, 2014 and $25.7 million at December 31, 2013. We cannot estimate the amounts of any cash payments associated with these liabilities for the remainder of 2014 or the next twelve months, and we are unable to estimate the timing of any such cash payments in the future at this time.

We are subject to federal, state, local and foreign requirements regulating the handling, manufacture and use of materials (some of which may be classified as hazardous or toxic by one or more regulatory agencies), the discharge of materials into the environment and the protection of the environment. To our knowledge, we are currently complying and expect to continue to comply in all material respects with applicable environmental laws, regulations, statutes and ordinances. Compliance with existing federal, state, local and foreign environmental protection laws is not expected to have a material effect on capital expenditures, earnings or our competitive position, but the costs associated with increased legal or regulatory requirements could have an adverse effect on our results.

Among other environmental requirements, we are subject to the federal Superfund law, and similar state laws, under which we may be designated as a potentially responsible party (PRP) and may be liable for a share of the costs associated with cleaning up various hazardous waste sites. Management believes that in cases in which we may have liability as a PRP, our liability for our share of cleanup is de minimis. Further, almost all such sites represent environmental issues that are quite mature and have been investigated, studied and in many cases settled. In de minimis situations, our policy generally is to negotiate a consent decree and to pay any apportioned settlement, enabling us to be effectively relieved of any further liability as a PRP, except for remote contingencies. In other than de minimis PRP matters, our records indicate that unresolved PRP exposures should be immaterial. We accrue and expense our proportionate share of PRP costs. Because management has been actively involved in evaluating environmental matters, we are able to conclude that the outstanding environmental liabilities for unresolved PRP sites should not have a material adverse effect upon our results of operations or financial condition.

In the normal course of business we enter into various take or pay and throughput agreements with certain third party vendors primarily to secure raw materials for our production processes. These contracts mandate a minimum amount of product

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to be purchased at predetermined rates over a set timeframe. During the first quarter of 2014, we entered into additional contracts to purchase raw materials in 2014 for approximately $29 million.

Except as described herein and in “Cash Flow,” and “Long-Term Debt” above, information about contractual obligations for the quarter ended June 30, 2014 did not change materially from the disclosures in Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2013.

Liquidity Outlook

We anticipate that cash on hand, cash provided by operating activities and long-term borrowings will be sufficient to pay our operating expenses, satisfy debt service obligations, fund any capital expenditures and share repurchases, make pension contributions and pay dividends for the foreseeable future. In addition, as we have historically done, we will continue to evaluate the merits of any opportunities that may arise for acquisitions of businesses or assets, which may require additional liquidity.

While we maintain business relationships with a diverse group of financial institutions, an adverse change in their credit standing could lead them to not honor their contractual credit commitments, decline funding under existing but uncommitted lines of credit, not renew their extensions of credit or not provide new financing. While the corporate bond and debt markets remain strong, volatility has increased in all capital markets over the past few years during times of uncertainty, such as European sovereign debt and U.S. budget concerns. If these concerns heighten, we may incur increased borrowing costs and reduced credit capacity as our various credit facilities mature. In addition, our cash flows from operations may be negatively affected by adverse consequences to our customers and the markets in which we compete as a result of moderating global economic conditions and reduced capital availability. When the U.S. Federal Reserve or similar national reserve banks in other countries decide to tighten the monetary supply in response, for example, to improving economic conditions, we may incur increased borrowing costs as interest rates increase on our variable rate credit facilities, as our various credit facilities mature or as we refinance any maturing fixed rate debt obligations.

At June 30, 2014, we had the ability to borrow approximately $610 million under our commercial paper program, February 2014 credit agreement and other existing lines of credit, subject to various financial covenants under our February 2014 credit agreement. With generally strong cash-generative businesses and no significant debt maturities before 2015, we believe we have and will maintain a solid liquidity position.

We had cash and cash equivalents totaling $515.1 million as of June 30, 2014, of which $502.1 million is held by our foreign subsidiaries. This cash represents an important source of our liquidity and is invested in short-term investments including time deposits and readily marketable securities with relatively short maturities. Substantially all of this cash is held, and intended for use, outside of the U.S. We anticipate that any needs for liquidity within the U.S. in excess of our cash held in the U.S. can be readily satisfied with borrowings under our existing U.S. credit facilities or our commercial paper program.

Recent Accounting Pronouncements

For a description of recent accounting pronouncements, see Item 1 Financial Statements – Note 16.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

There have been no significant changes in our interest rate risk, foreign currency exchange rate exposure, marketable securities price risk or raw material price risk from the information we provided in our Annual Report on Form 10-K for the year ended December 31, 2013.

We had variable interest rate borrowings of $385.3 million outstanding at June 30, 2014, bearing a weighted average interest rate of 0.29% and representing approximately 36% of our total outstanding debt. A hypothetical 10% change (approximately 3 basis points) in the interest rate applicable to these borrowings would change our annualized interest expense by approximately $0.1 million as of June 30, 2014. We may enter into interest rate swaps, collars or similar instruments with the objective of reducing interest rate volatility relating to our borrowing costs.

In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap with J.P. Morgan Chase Bank, N.A., to be effective October 15, 2014. Under this swap, we hedged the interest rate and partial credit spread on the 20 future semi-annual coupon payments that we would pay when we refinance our 2015 senior notes with another 10 year note. The notional amount of the swap is $325.0 million and the fixed rate is 3.281%. A cash settlement will occur on the termination date determined by reference to the changes in the U.S. dollar 3-month LIBOR and credit spreads from the date we entered into the swap until the date we

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terminate the swap. At June 30, 2014, there was an unrealized loss of $10.4 million (after income taxes) in Accumulated other comprehensive income related to this interest rate swap.

Our financial instruments which are subject to foreign currency exchange risk consist of foreign currency forward contracts with an aggregate notional value of $159.6 million and with a fair value representing a net liability position of less than $0.1 million at June 30, 2014. Fluctuations in the value of these contracts are generally offset by the value of the underlying exposures being hedged. We conducted a sensitivity analysis on the fair value of our foreign currency hedge portfolio assuming an instantaneous 10% change in select foreign currency exchange rates from their levels as of June 30, 2014, with all other variables held constant. A 10% appreciation of the U.S. Dollar against foreign currencies that we hedge would result in a decrease of approximately $2.9 million in the fair value of our foreign currency forward contracts. A 10% depreciation of the U.S. Dollar against these foreign currencies would result in a decrease of approximately $1.6 million in the fair value of our foreign currency forward contracts. The sensitivity of the fair value of our foreign currency hedge portfolio represents changes in fair values estimated based on market conditions as of June 30, 2014, without reflecting the effects of underlying anticipated transactions. When those anticipated transactions are realized, actual effects of changing foreign currency exchange rates could have a material impact on our earnings and cash flows in future periods.

Item 4. Controls and Procedures.

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act), as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

No change in our internal control over financial reporting (as such term is defined in Exchange Act Rule 13a-15(f)) occurred during the fiscal quarter ended June 30, 2014 that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

On July 3, 2006, we received a Notice of Violation (the 2006 NOV) from the U.S. Environmental Protection Agency Region 4 (EPA) regarding the implementation of the Pharmaceutical Maximum Achievable Control Technology (PharmaMACT) standards at our plant in Orangeburg, South Carolina. The alleged violations involved (i) the applicability of the specific regulations to certain intermediates manufactured at the plant, (ii) failure to comply with certain reporting requirements, (iii) improper evaluation and testing to properly implement the regulations and (iv) the sufficiency of the leak detection and repair program at the plant. In the second quarter of 2011, the Company was served with a complaint by the EPA in the U.S. District Court for the District of South Carolina, based on the alleged violations set out in the 2006 NOV seeking civil penalties and injunctive relief. The complaint was subsequently amended to add the State of South Carolina as a plaintiff. On June 11, 2014, we entered into a consent decree with the EPA and the South Carolina Department of Health and Environmental Control (DHEC) to settle this matter. Pursuant to the consent decree, we will pay a civil penalty to the EPA in the amount of approximately $332,000. A civil penalty of approximately $112,000 was waived pursuant to the consent decree and we will not be required to pay this amount to the DHEC. The Company is also required to submit certain reports and supporting data within 30 days of the consent decree becoming effective.

In addition, we are involved from time to time in legal proceedings of types regarded as common in our business, including administrative or judicial proceedings seeking remediation under environmental laws, such as Superfund, products liability, breach of contract liability and premises liability litigation. Where appropriate, we may establish financial reserves as estimated by our general counsel for such proceedings. We also maintain insurance to mitigate certain of such risks. Additional information with respect to this Item 1 is contained in Note 8 to the Notes to the Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q.

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Item 1A. Risk Factors.

While we attempt to identify, manage and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances, some level of risk and uncertainty will always be present. Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2013 describes some of the risks and uncertainties associated with our business. These risks and uncertainties have the potential to materially affect our results of operations and our financial condition. We do not believe that there have been any material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The following table summarizes our repurchases of equity securities for the three-month period ended June 30, 2014:

Period	Total Number of Shares Repurchased	Average Price Paid Per Share		Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs(a)	Maximum Number of Shares that May Yet Be Repurchased Under the Plans or Programs(a)
April 1, 2014 to April 30, 2014(b)	150,504	$	64.62	150,504	5,165,842
May 1, 2014 to May 31, 2014(c)	1,193,317	67.04		1,193,317	3,972,525
June 1, 2014 to June 30, 2014	—	—		—	3,972,525
Total	1,343,821	$	66.77	1,343,821	3,972,525

(a) Our stock repurchase plan, which was authorized by our Board of Directors, became effective on October 25, 2000 and included ten million shares. Since then, the Company has regularly repurchased shares under the stock repurchase plan, resulting in the Board of Directors periodically authorizing additional shares for repurchase under the plan. On February 12, 2013, our Board of Directors authorized another increase in the number of shares, pursuant to which the Company is now permitted to repurchase up to a maximum of fifteen million shares under the plan, including those shares previously authorized, but not yet repurchased. The stock repurchase plan will expire when we have repurchased all shares authorized for repurchase thereunder, unless the stock repurchase plan is earlier terminated by action of our Board of Directors or further shares are authorized for repurchase.

(b) In the first quarter of 2014, we paid $50 million pursuant to the terms of an ASR agreement with Merrill Lynch and we received an initial delivery of 623,248 shares. Under the terms of the agreement, in April 2014 the ASR agreement with Merrill Lynch was completed and we received a final settlement of 150,504 shares. The Average Price Paid Per Share reported herein for the period April 1, 2014 to April 30, 2014 is based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock during the term of the agreement, less a forward price adjustment of approximately $0.77. See Note 4, “Earnings Per Share” to the condensed consolidated financial statements included in this report.

(c) In the second quarter of 2014, we paid $100 million pursuant to the terms of an ASR agreement with JPMorgan and we received an initial delivery of 1,193,317 shares. The Average Price Paid Per Share reported herein for the period May 1, 2014 to May 31, 2014 was calculated using the closing price of the Company’s shares on the date the ASR agreement became effective. See Note 4, “Earnings Per Share” to the condensed consolidated financial statements included in this report.

Item 6. Exhibits.

(a) Exhibits

31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(a).

31.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(a).

32.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350.

32.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350.

101 Interactive Data File (Quarterly Report on Form 10-Q, for the quarterly period ended June 30, 2014, furnished in XBRL (eXtensible Business Reporting Language)).

Attached as Exhibit 101 to this report are the following documents formatted in XBRL: (i) the Consolidated Statements of Income for the three months and six months ended June 30, 2014 and 2013, (ii) the Consolidated Statements of Comprehensive Income for the three months and six months ended June 30, 2014 and 2013, (iii) the Condensed Consolidated Balance Sheets at June 30, 2014 and December 31, 2013, (iv) the Consolidated Statements of Changes in Equity for the six months ended June 30, 2014 and 2013, (v) the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2014 and 2013 and (vi) the Notes to the Condensed Consolidated Financial Statements.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		ALBEMARLE CORPORATION
		(Registrant)
Date:	July 31, 2014	By:	/S/    SCOTT A. TOZIER
			Scott A. Tozier
			Senior Vice President and Chief Financial Officer
			(principal financial officer)

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EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Luther C. Kissam IV, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Albemarle Corporation for the period ended June 30, 2014;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 31, 2014

/s/ LUTHER C. KISSAM IV

Luther C. Kissam IV

Chief Executive Officer and Director

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Scott A. Tozier, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Albemarle Corporation for the period ended June 30, 2014;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 31, 2014

/s/ SCOTT A. TOZIER

Scott A. Tozier

Senior Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Albemarle Corporation (the “Company”) for the period ended June 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Luther C. Kissam IV, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ LUTHER C. KISSAM IV

Luther C. Kissam IV

Chief Executive Officer and Director

July 31, 2014

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Albemarle Corporation (the “Company”) for the period ended June 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Scott A. Tozier, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ SCOTT A. TOZIER

Scott A. Tozier

Senior Vice President and Chief Financial Officer

July 31, 2014

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Income Taxes - Pensions Additional Information (Detail) (Pension Benefits, USD $)	3 Months Ended				6 Months Ended
	Jun. 30, 2014	Mar. 31, 2014		Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Pension Benefits
Income Taxes [Line Items]
Actuarial loss, net of tax		$ 9,800,000	[1]
Actuarial loss	$ 0	$ 15,432,000	[1]	$ 0	$ 15,432,000	[1]	$ 0

[1] In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. This workforce reduction triggered a net curtailment gain of approximately $0.8 million in the first quarter of 2014 for one of our U.S. defined benefit plans and our supplemental executive retirement plan (SERP). In connection with the curtailment, we were required to remeasure the related assets and obligations for these plans. As of the January 31, 2014 remeasurement date, the weighted-average discount rate for our domestic pension plans was reduced from 5.14% to 4.97%. Taking into account the discount rate reduction and actual return on plan assets through January 31, 2014, we recorded a mark-to-market actuarial loss (net of the curtailment gain) for the first quarter of 2014 of $15.4 million.

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Pension Plans and Other Postretirement Benefits - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]
Pension contributions	$ 1.2	$ 1.4	$ 2.3	$ 2.0
Premiums paid to U.S. post-retirement benefit plan	$ 1.0	$ 1.1	$ 2.4	$ 2.2

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Commitments and Contingencies - Additional Information (Detail) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Potential revision on future environmental remediation costs before tax	$ 17,000,000
Estimated site remediation liabilities	13,045,000	16,599,000
Bergheim, Germany Site
Loss Contingencies [Line Items]
Estimated site remediation liabilities	6,400,000
Pledged land and housing facilities	$ 6,100,000

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Pension Plans and Other Postretirement Benefits - Domestic and Foreign Pension and Postretirement Defined Benefit Plans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014	Mar. 31, 2014		Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Defined Benefit Plan Disclosure [Line Items]
Total net pension benefits cost	$ 1,248			$ 1,570	$ 17,917		$ 3,152
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2,726			3,332	5,567		6,974
Interest cost	8,128			7,715	16,297		14,933
Expected return on assets	(10,172)			(9,821)	(20,377)		(19,693)
Actuarial loss	0	15,432	[1]	0	15,432	[1]	0
Amortization of prior service benefit	(138)			(295)	(411)		(344)
Total net pension benefits cost	544			931	16,508		1,870
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	54			71	108		154
Interest cost	760			694	1,520		1,382
Expected return on assets	(86)			(103)	(171)		(206)
Amortization of prior service benefit	(24)			(23)	(48)		(48)
Total net pension benefits cost	$ 704			$ 639	$ 1,409		$ 1,282

[1] In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. This workforce reduction triggered a net curtailment gain of approximately $0.8 million in the first quarter of 2014 for one of our U.S. defined benefit plans and our supplemental executive retirement plan (SERP). In connection with the curtailment, we were required to remeasure the related assets and obligations for these plans. As of the January 31, 2014 remeasurement date, the weighted-average discount rate for our domestic pension plans was reduced from 5.14% to 4.97%. Taking into account the discount rate reduction and actual return on plan assets through January 31, 2014, we recorded a mark-to-market actuarial loss (net of the curtailment gain) for the first quarter of 2014 of $15.4 million.

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Long-Term Debt (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
5.10% Senior Notes
Debt Instrument [Line Items]
Unamortized discount	$ 20	$ 36
Debt instrument, interest rate	5.10%	5.10%
4.50% Senior Notes
Debt Instrument [Line Items]
Unamortized discount	$ 2,028	$ 2,186
Debt instrument, interest rate	4.50%	4.50%

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Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis

The following tables set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2014 and December 31, 2013 (in thousands):

	June 30, 2014		Quoted Prices in Active Markets for Identical Items (Level 1)		Quoted Prices in Active Markets for Similar Items (Level 2)		Unobservable Inputs (Level 3)
Assets:
Investments under executive deferred compensation plan(a)	$	22,014	$	22,014	$	—	$	—
Private equity securities(b)	$	1,852	$	30	$	—	$	1,822
Foreign currency forward contracts(d)	$	167	$	—	$	167	$	—
Liabilities:
Obligations under executive deferred compensation plan(a)	$	22,014	$	22,014	$	—	$	—
Interest rate swap contract(c)	$	16,420	$	—	$	16,420	$	—
Foreign currency forward contracts(d)	$	200	$	—	$	200	$	—

	December 31, 2013		Quoted Prices in Active Markets for Identical Items (Level 1)		Quoted Prices in Active Markets for Similar Items (Level 2)		Unobservable Inputs (Level 3)
Assets:
Investments under executive deferred compensation plan(a)	$	23,030	$	23,030	$	—	$	—
Private equity securities(b)	$	771	$	21	$	—	$	750
Foreign currency forward contracts(d)	$	161	$	—	$	161	$	—
Liabilities:
Obligations under executive deferred compensation plan(a)	$	23,030	$	23,030	$	—	$	—

(a) We maintain an Executive Deferred Compensation Plan (EDCP) that was adopted in 2001 and subsequently amended. The purpose of the EDCP is to provide current tax planning opportunities as well as supplemental funds upon the retirement or death of certain of our employees. The EDCP is intended to aid in attracting and retaining employees of exceptional ability by providing them with these benefits. We also maintain a Benefit Protection Trust (the Trust) that was created to provide a source of funds to assist in meeting the obligations of the EDCP, subject to the claims of our creditors in the event of our insolvency. Assets of the Trust are consolidated in accordance with authoritative guidance. The assets of the Trust consist primarily of mutual fund investments (which are accounted for as trading securities and are marked-to-market on a monthly basis through the consolidated statements of income) and cash and cash equivalents. As such, these assets and obligations are classified within Level 1.

(b) Primarily consists of private equity securities classified as available-for-sale and are reported in Investments in the condensed consolidated balance sheets. The changes in fair value are reported in Other income (expenses), net in our consolidated statements of income. Holdings in private equity securities are typically valued using the net asset valuations provided by the underlying private investment companies and as such are classified within Level 3.

(c) In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, to be effective October 15, 2014. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. The fair value of the forward starting interest rate swap was calculated based on inputs derived from observable market data and as such is classified within Level 2. See Note 11 for additional details about this interest rate swap contract.

(d) As a result of our global operating and financing activities, we are exposed to market risks from changes in foreign currency exchange rates, which may adversely affect our operating results and financial position. When deemed appropriate, we minimize our risks from foreign currency exchange rate fluctuations through the use of foreign currency forward contracts. These derivative financial instruments are not designated as hedging instruments under ASC 815, Derivatives and Hedging. The foreign currency forward contracts are valued using broker quotations or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within Level 2.

The following table presents the fair value reconciliation of Level 3 assets measured at fair value on a recurring basis for the periods indicated:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
	(In thousands)
Beginning balance	$	717	$	—	$	750	$	—
Total unrealized gains included in earnings relating to assets still held at the reporting date	105		—		72		—
Purchases	1,000		—		1,000		—
Ending balance	$	1,822	$	—	$	1,822	$	—

Assets Measured at Fair Value on a Non-Recurring Basis

As discussed in Note 15 “Discontinued Operations,” during the second quarter of 2014, the Company signed a definitive agreement to sell certain businesses and assets to SI Group, Inc., and we recorded a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. Accordingly, the fair value measurement is classified as Level 3 in the fair value hierarchy.

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Fair Value of Financial Instruments - Fair Value of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Long-term debt, Recorded Amount	$ 1,063,366	$ 1,078,864
Long-term debt, Fair Value	$ 1,095,344	$ 1,109,878

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Recently Issued Accounting Pronouncments (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (FASB) issued accounting guidance that requires entities that have obligations resulting from joint and several liability arrangements and for which the total amount is fixed at the reporting date to measure such obligations as the sum of (a) the amount the entity agreed to pay on the basis of its arrangement among its co-obligors, and (b) any additional amount the reporting entity expects to pay on behalf of its co-obligors. Entities are also required to disclose the nature, amount and any other relevant information about such obligations. These amendments became effective on January 1, 2014 and had no impact on our consolidated financial statements.

In March 2013, the FASB issued accounting guidance that clarifies a parent company’s accounting for the cumulative foreign currency translation adjustment when the parent sells a part or all of its investment in a foreign entity. The guidance clarifies that the sale of an investment in a foreign entity includes both (a) events that result in the loss of a controlling financial interest in a foreign entity, and (b) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative foreign currency translation adjustment should be released into net income upon the occurrence of those events. These amendments became effective on January 1, 2014 and will be applied prospectively. The impact of these new requirements on our financial statements will depend upon the nature, terms and size of derecognition events, if any, that may occur in the future related to any of our foreign entities.

In July 2013, the FASB issued accounting guidance designed to reduce diversity in practice of financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These new requirements became effective on January 1, 2014 and did not have a material effect on our consolidated financial statements.

In April 2014, the FASB issued accounting guidance that changes the criteria for reporting discontinued operations and modifies related disclosure requirements to provide users of financial statements with more information about the assets, liabilities, revenues and expenses of discontinued operations. The guidance improves the definition of discontinued operations by limiting its scope to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. Additionally, these new requirements require entities to disclose the pretax profit or loss related to disposals of significant components that do not qualify as discontinued operations. These new requirements become effective for public entities in annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted for items that have not been reported as disposals or as held for sale in previously issued financial statements. We are assessing the impact of these new requirements on our financial statements.

In May 2014, the FASB issued accounting guidance that will significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. The core principle of the guidance is that revenue recognized from a transaction or event that arises from a contract with a customer should reflect the consideration to which an entity expects to be entitled in exchange for goods or services provided. To achieve that core principle the new guidance sets forth a five-step revenue recognition model that will need to be applied consistently to all contracts with customers, except those that are within the scope of other topics in the ASC. Also required are enhanced disclosures to help users of financial statements better understand the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. The enhanced disclosures include qualitative and quantitative information about contracts with customers, significant judgments made in applying the revenue guidance, and assets recognized related to the costs to obtain or fulfill a contract. These new requirements become effective for annual and interim reporting periods beginning after December 15, 2016, and early adoption is prohibited. We are assessing the impact of these new requirements on our financial statements.

In June 2014, the FASB issued accounting guidance which clarifies the proper method of accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The accounting guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. These new requirements become effective for annual and interim reporting periods beginning after December 15, 2015, and early adoption is permitted. We are assessing the impact of these new requirements on our financial statements.

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Commitments and Contingencies Settlement of Litigation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2014
Settlement of Litigation [Abstract]
Litigation Settlement, Amount	$ (332)
Civil Penalty, Waived	$ (112)

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Inventories Breakdown of Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Inventory Disclosure [Abstract]
Finished goods	$ 280,886		$ 340,863
Raw materials	43,708		47,784
Stores, supplies and other	45,970		47,402
Total inventories	$ 370,564	[1]	$ 436,049

[1] As of June 30, 2014, $58.1 million of inventories (consisting primarily of finished goods) were classified as Assets of discontinued operations held for sale in the condensed consolidated balance sheets. See Note 15, “Discontinued Operations” for additional information.

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Foreign Exchange - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Foreign Currency [Abstract]
Net foreign exchange transaction gain (losses)	$ (1.3)	$ (2.3)	$ (1.3)	$ (7.1)

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Operating Segments -Summarized Financial Information by Reportable Segments (Parenthetical) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Operating Segments [Abstract]
Defined benefit pension and other postretirement (costs) credits included in corporate and other	$ 0.9	$ 0.9	$ (13.7)	$ 2.0

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Restructuring and Other - Activity in Recorded Workforce Reduction Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Restructuring and Related Activities [Abstract]
Beginning balance	$ 39,104
Workforce reduction charges	0
Payments	(25,302)
Amount reversed to income	(1,095)	[1]
Foreign currency translation	(148)
Ending balance	12,559
Less amounts reported in Accrued expenses	$ 12,559

[1] Amount reversed to income reflects adjustments based on actual timing and amount of final settlements.

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Long-Term Debt - Additional Information (Detail) (USD $)	6 Months Ended		0 Months Ended	5 Months Ended		5 Months Ended		12 Months Ended
	Jun. 30, 2014	Feb. 07, 2014	Feb. 07, 2014 Revolving Credit Facility	Jun. 30, 2014 Revolving Credit Facility	Sep. 22, 2011 Revolving Credit Facility	Jun. 30, 2014 Revolving Credit Facility Minimum	Jun. 30, 2014 Revolving Credit Facility Maximum	Dec. 31, 2005 5.10% Senior Notes	Jan. 20, 2005 5.10% Senior Notes
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 750,000,000.0		$ 750,000,000.0
Additional borrowing capacity		250,000,000.0
Interest rate				1.00%		0.90%	1.50%
Commercial paper classified as current	363,000,000
Weighted average interest rate	0.25%
Weighted average maturity period	20 days		5 years
Principal amount									$ 325,000,000.0
Maturity date								Feb. 01, 2015

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Foreign Exchange

6 Months Ended

Jun. 30, 2014

Foreign Currency [Abstract]

Foreign Exchange

Foreign Exchange:

Foreign exchange transaction losses were $1.3 million for the three-month and six-month periods ended June 30, 2014, and $2.3 million and $7.1 million for the three-month and six-month periods ended June 30, 2013, respectively, and are included in Other (expenses) income, net in our consolidated statements of income.

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Restructuring and Other Additional Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Restructuring and Related Activities [Abstract]
Business exit costs		$ 14.0
Asset impairment charges		3.0
Restructuring and other charges, net of tax	5.2	11.1
Business Combination, Acquisition Related Costs	4.9
Business Combination, Acquisition Related Costs, net of tax	3.1
Impairment of Ongoing Project	3.3
Impairment of Ongoing Project, net of tax	$ 2.1

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Inventories Breakdown of Inventories (Parenthetical) (Details) (Antioxidant, Ibuprofen and Propofol Assets [Member], USD $) In Thousands, unless otherwise specified	Jun. 30, 2014
Antioxidant, Ibuprofen and Propofol Assets [Member]
Inventory [Line Items]
Inventories	$ 58,108

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Activity in Recorded Environmental Liabilities

We had the following activity in our recorded environmental liabilities for the six months endedJune 30, 2014, as follows (in thousands):

Beginning balance at December 31, 2013	$	16,599
Expenditures	(1,626		)
Reclassified as Liabilities of discontinued operations held for sale	(2,000		)
Changes in estimates recorded to earnings and other	34
Foreign currency translation	38
Ending balance at June 30, 2014	13,045
Less amounts reported in Accrued expenses	7,133
Amounts reported in Other noncurrent liabilities	$	5,912

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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt at June 30, 2014 and December 31, 2013 consisted of the following:

	June 30,		December 31,
	2014		2013
	(In thousands)
5.10% Senior notes, net of unamortized discount of $20 at June 30, 2014 and $36 at December 31, 2013	$	324,980	$	324,964
4.50% Senior notes, net of unamortized discount of $2,028 at June 30, 2014 and $2,186 at December 31, 2013	347,972		347,814
Commercial paper notes	363,000		363,000
Fixed-rate foreign borrowings	4,951		7,879
Variable-rate foreign bank loans	22,266		34,910
Miscellaneous	197		297
Total long-term debt	1,063,366		1,078,864
Less amounts due within one year	377,521		24,554
Long-term debt, less current portion	$	685,845	$	1,054,310

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Pension Plans and Other Postretirement Benefits - Domestic and Foreign Pension and Postretirement Defined Benefit Plans (Parenthetical) (Detail) (USD $)	3 Months Ended			3 Months Ended				6 Months Ended
	Mar. 31, 2014	Jan. 31, 2014 United States Pension Plan of US Entity, Defined Benefit	Dec. 31, 2013 United States Pension Plan of US Entity, Defined Benefit	Jun. 30, 2014 Pension Benefits	Mar. 31, 2014 Pension Benefits		Jun. 30, 2013 Pension Benefits	Jun. 30, 2014 Pension Benefits		Jun. 30, 2013 Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments	$ 800,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		4.97%	5.14%
Actuarial loss				$ 0	$ 15,432,000	[1]	$ 0	$ 15,432,000	[1]	$ 0

[1] In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. This workforce reduction triggered a net curtailment gain of approximately $0.8 million in the first quarter of 2014 for one of our U.S. defined benefit plans and our supplemental executive retirement plan (SERP). In connection with the curtailment, we were required to remeasure the related assets and obligations for these plans. As of the January 31, 2014 remeasurement date, the weighted-average discount rate for our domestic pension plans was reduced from 5.14% to 4.97%. Taking into account the discount rate reduction and actual return on plan assets through January 31, 2014, we recorded a mark-to-market actuarial loss (net of the curtailment gain) for the first quarter of 2014 of $15.4 million.

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Investments - Additional Information (Detail) (Stannica LLC, USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Stannica LLC
Schedule of Investments [Line Items]
Carrying value of unconsolidated investment	$ 5.8	$ 5.5

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Operating Segments (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Reportable Segments Summarized Financial Information

Summarized financial information concerning our reportable segments is shown in the following table. Results for 2013 have been recast to reflect the change in operating segments noted above, and segment results for all periods presented exclude discontinued operations as further described in Notes 1 and 15. Corporate & other includes corporate-related items not allocated to the reportable segments. Pension and OPEB service cost (which represents the benefits earned by active employees during the period) and amortization of prior service cost or benefit are allocated to each segment whereas the remaining components of pension and OPEB benefits cost or credit are included in Corporate & other.

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands)
Net sales:
Performance Chemicals	$	334,187		$	343,024		$	684,444		$	694,048
Catalyst Solutions	270,534			233,818			520,120			469,391
Total net sales	$	604,721		$	576,842		$	1,204,564		$	1,163,439
Segment operating profit:
Performance Chemicals	$	77,265		$	88,694		$	157,741		$	174,159
Catalyst Solutions	59,918			36,271			109,130			78,410
Total segment operating profit	137,183			124,965			266,871			252,569
Equity in net income of unconsolidated investments:
Performance Chemicals	2,660			2,328			5,577			4,636
Catalyst Solutions	7,989			7,381			13,973			15,334
Total equity in net income of unconsolidated investments	10,649			9,709			19,550			19,970
Net income attributable to noncontrolling interests:
Performance Chemicals	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Total net income attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Segment income:
Performance Chemicals	72,993			82,633			148,734			164,877
Catalyst Solutions	67,907			43,652			123,103			93,744
Total segment income	140,900			126,285			271,837			258,621
Corporate & other(a)	(18,768		)	(16,585		)	(53,533		)	(31,806		)
Restructuring and other charges, net	(8,175		)	—			(25,175		)	—
Interest and financing expenses	(8,733		)	(7,608		)	(17,506		)	(12,839		)
Other (expenses) income, net	(979		)	(1,585		)	164			(5,779		)
Income tax expense	(21,773		)	(20,396		)	(34,963		)	(45,934		)
(Loss) income from discontinued operations (net of tax)	(60,025		)	2,628			(61,794		)	4,463
Net income attributable to Albemarle Corporation	$	22,447		$	82,739		$	79,030		$	166,726

(a) For the three months ended June 30, 2014 and 2013, Corporate & other includes $0.9 million and $0.9 million, respectively, of pension and OPEB plan credits, and for the six months ended June 30, 2014 and 2013, Corporate & other includes $(13.7) million and $2.0 million, respectively, of pension and OPEB plan (costs) credits.

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Pension Plans and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Domestic and Foreign Pension and Postretirement Defined Benefit Plans

The following information is provided for domestic and foreign pension and postretirement defined benefit plans:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands)
Pension Benefits Cost (Credit):
Service cost	$	2,726		$	3,332		$	5,567		$	6,974
Interest cost	8,128			7,715			16,297			14,933
Expected return on assets	(10,172		)	(9,821		)	(20,377		)	(19,693		)
Actuarial loss(a)	—			—			15,432			—
Amortization of prior service benefit	(138		)	(295		)	(411		)	(344		)
Total net pension benefits cost	$	544		$	931		$	16,508		$	1,870
Postretirement Benefits Cost (Credit):
Service cost	$	54		$	71		$	108		$	154
Interest cost	760			694			1,520			1,382
Expected return on assets	(86		)	(103		)	(171		)	(206		)
Amortization of prior service benefit	(24		)	(23		)	(48		)	(48		)
Total net postretirement benefits cost	$	704		$	639		$	1,409		$	1,282
Total net pension and postretirement benefits cost	$	1,248		$	1,570		$	17,917		$	3,152

(a) In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. This workforce reduction triggered a net curtailment gain of approximately $0.8 million in the first quarter of 2014 for one of our U.S. defined benefit plans and our supplemental executive retirement plan (SERP). In connection with the curtailment, we were required to remeasure the related assets and obligations for these plans. As of the January 31, 2014 remeasurement date, the weighted-average discount rate for our domestic pension plans was reduced from 5.14% to 4.97%. Taking into account the discount rate reduction and actual return on plan assets through January 31, 2014, we recorded a mark-to-market actuarial loss (net of the curtailment gain) for the first quarter of 2014 of $15.4 million

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Basis of Presentation

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation:

In the opinion of management, the accompanying unaudited condensed consolidated financial statements of Albemarle Corporation and our wholly-owned, majority-owned and controlled subsidiaries (collectively, “Albemarle,” “we,” “us,” “our” or “the Company”) contain all adjustments necessary for a fair statement, in all material respects, of our condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013, our consolidated statements of income and consolidated statements of comprehensive income for the three-month and six-month periods ended June 30, 2014 and 2013 and our condensed consolidated statements of cash flows and consolidated statements of changes in equity for the six-month periods ended June 30, 2014 and 2013. All adjustments are of a normal and recurring nature. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”), which was filed with the Securities and Exchange Commission (SEC) on February 25, 2014. On May 30, 2014, we filed a Current Report on Form 8-K to update our 2013 Form 10-K for the segment change described in Note 9 “Operating Segments” included herein. The December 31, 2013 consolidated balance sheet data herein was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles (GAAP) in the United States (U.S.). The results of operations for the three-month and six-month period ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made to the accompanying consolidated financial statements and the notes thereto to conform to the current presentation.

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. In the second quarter of 2014, the Company began accounting for these assets as held for sale, and as such the financial results of the disposal group have been presented as discontinued operations in the consolidated statements of income and excluded from segment results for all periods presented. Long-lived assets and asset groups are classified as held for sale in the period in which the specific criteria are met in accordance with accounting standards for reporting discontinued operations. See Note 15, “Discontinued Operations” for additional information.

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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value of Long-Term Debt

	June 30, 2014				December 31, 2013
	Recorded Amount		Fair Value		Recorded Amount		Fair Value
	(In thousands)
Long-term debt	$	1,063,366	$	1,095,344	$	1,078,864	$	1,109,878

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Earnings Per Share - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended				6 Months Ended	0 Months Ended	6 Months Ended	0 Months Ended			6 Months Ended	0 Months Ended			6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	May 13, 2014	Feb. 25, 2014	Jun. 30, 2014 Common Stock	Feb. 03, 2014 Merrill Lynch Accelerated Share Repurchase Agreement tranche	Jun. 30, 2014 Merrill Lynch Accelerated Share Repurchase Agreement	Feb. 03, 2014 Merrill Lynch Accelerated Share Repurchase Agreement Initial Delivery	Feb. 03, 2014 Merrill Lynch Accelerated Share Repurchase Agreement Fair Market Value	Apr. 30, 2014 Merrill Lynch Accelerated Share Repurchase Agreement Final Settlement	Jun. 30, 2014 Merrill Lynch Accelerated Share Repurchase Agreement Total	Apr. 30, 2014 JP Morgan Accelerated Share Repurchase Agreement tranche	Apr. 30, 2014 JP Morgan Accelerated Share Repurchase Agreement Initial Delivery	Apr. 30, 2014 JP Morgan Accelerated Share Repurchase Agreement Fair Market Value	Jun. 30, 2014 JP Morgan Accelerated Share Repurchase Agreement Final Settlement	Jul. 14, 2014 Subsequent Event [Member]
Earnings Per Share Disclosure [Line Items]
Income (Loss) from Continuing Operations Attributable to Parent	$ 82,472,000	$ 80,111,000	$ 140,824,000	$ 162,263,000
Increase in dividend rate, percentage						15.00%
Cash dividend, amount per share (in dollars per share)					$ 0.275	$ 0.275												$ 0.275
Stock Repurchase Program, Authorized Amount								50,000,000						100,000,000
Number of tranches								2						2
Authorized amount per tranche purchased								25,000,000						50,000,000
Payment for repurchase of common stock			150,000,000	582,298,000						50,000,000					100,000,000
Repurchase of common stock shares (in shares)										623,248		150,504	773,752		1,193,317		231,000
Share price minimum for repurchase agreement transaction (in dollars per share)														$ 33.50
Shares repurchased											$ 40,000,000					$ 80,000,000
Forward Purchase Price adjustment amount (in dollars per share)									$ 0.77
Shares repurchased (in shares)							1,967,069
Shares available for repurchase (in shares)	3,972,525		3,972,525

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Operating Segments - Additional Information (Details)	6 Months Ended
	Jun. 30, 2014 segment
Segment Reporting [Abstract]
Number of operating segments	2

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Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net sales	$ 604,721	$ 576,842	$ 1,204,564	$ 1,163,439
Cost of goods sold	397,358	385,172	801,602	775,858
Gross profit	207,363	191,670	402,962	387,581
Selling, general and administrative expenses	67,011	61,725	145,115	125,300
Research and development expenses	21,937	21,565	44,509	41,518
Restructuring and other charges, net (Note 13)	8,175	0	25,175	0
Operating profit	110,240	108,380	188,163	220,763
Interest and financing expenses	(8,733)	(7,608)	(17,506)	(12,839)
Other (expenses) income, net	(979)	(1,585)	164	(5,779)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments	100,528	99,187	170,821	202,145
Income tax expense	21,773	20,396	34,963	45,934
Income from continuing operations before equity in net income of unconsolidated investments	78,755	78,791	135,858	156,211
Equity in net income of unconsolidated investments (net of tax)	10,649	9,709	19,550	19,970
Net income from continuing operations	89,404	88,500	155,408	176,181
(Loss) income from discontinued operations (net of tax)	(60,025)	2,628	(61,794)	4,463
Net income	29,379	91,128	93,614	180,644
Net income attributable to noncontrolling interests	(6,932)	(8,389)	(14,584)	(13,918)
Net income attributable to Albemarle Corporation	$ 22,447	$ 82,739	$ 79,030	$ 166,726
Basic earnings per share from continuing operations	$ 1.05	$ 0.95	$ 1.78	$ 1.88
Basic earnings (loss) per share from discontinued operations (in dollars per share)	$ (0.76)	$ 0.03	$ (0.78)	$ 0.05
Basic earnings per share (in dollars per share)	$ 0.29	$ 0.98	$ 1.00	$ 1.93
Diluted earnings per share from continuing operations (in dollars per share)	$ 1.04	$ 0.95	$ 1.77	$ 1.87
Diluted earnings (loss) per share from discontinued operations (in dollars per share)	$ (0.76)	$ 0.03	$ (0.78)	$ 0.05
Diluted earnings per share (in dollars per share)	$ 0.28	$ 0.98	$ 0.99	$ 1.92
Weighted-average common shares outstanding - basic (in shares)	78,662	84,028	79,199	86,374
Weighted-average common shares outstanding - diluted (in shares)	79,091	84,489	79,602	86,862
Cash dividends declared per share of common stock (in dollars per share)	$ 0.275	$ 0.240	$ 0.550	$ 0.480

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Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Commercial paper classified as current	$ 363,000
Commercial paper classified as long-term		363,000
Fixed rate foreign borrowings	4,951	7,879
Variable-rate foreign bank loans	22,266	34,910
Miscellaneous	197	297
Total long-term debt	1,063,366	1,078,864
Less amounts due within one year	377,521	24,554
Long-term debt, less current portion	685,845	1,054,310
5.10% Senior Notes
Debt Instrument [Line Items]
Senior notes	324,980	324,964
4.50% Senior Notes
Debt Instrument [Line Items]
Senior notes	$ 347,972	$ 347,814

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Consolidated Statements of Changes in Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Retained Earnings	Total Albemarle Shareholders' Equity	Non-controlling Interests
Beginning Balance at Dec. 31, 2012	$ 1,932,008	$ 889	$ 2,761	$ 85,264	$ 1,744,684	$ 1,833,598	$ 98,410
Beginning Balance (in shares) at Dec. 31, 2012		88,899,209
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	180,644				166,726	166,726	13,918
Other comprehensive (loss) income	(29,011)			(29,082)		(29,082)	71
Cash dividends declared	(40,753)				(40,753)	(40,753)	0
Stock-based compensation and other	4,144		4,144			4,144
Exercise of stock options (in shares)		132,238
Exercise of stock options	3,917	1	3,916			3,917
Shares repurchased (in shares)		(7,814,045)
Shares repurchased	(582,298)	(78)	(4,556)		(577,664)	(582,298)
Tax benefit related to stock plans	2,519		2,519			2,519
Issuance of common stock, net (in shares)		238,939
Issuance of common stock, net		3	(3)
Shares withheld for withholding taxes associated with common stock issuances (in shares)		(90,957)
Shares withheld for withholding taxes associated with common stock issuances	(5,777)	(1)	(5,776)			(5,777)
Ending Balance at Jun. 30, 2013	1,465,393	814	3,005	56,182	1,292,993	1,352,994	112,399
Ending Balance (in shares) at Jun. 30, 2013		81,365,384
Beginning Balance at Dec. 31, 2013	1,742,776	801	9,957	116,245	1,500,358	1,627,361	115,415
Beginning Balance (in shares) at Dec. 31, 2013		80,052,842
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	93,614				79,030	79,030	14,584
Other comprehensive (loss) income	(16,879)			(16,601)		(16,601)	(278)
Cash dividends declared	(50,999)				(43,387)	(43,387)	(7,612)
Stock-based compensation and other	6,606		6,606			6,606
Exercise of stock options (in shares)		70,046
Exercise of stock options	2,355	1	2,354			2,355
Shares repurchased (in shares)		(1,967,069)
Shares repurchased	(150,000)	(20)	(13,321)		(136,659)	(150,000)
Tax benefit related to stock plans	767		767			767
Issuance of common stock, net (in shares)		127,533
Issuance of common stock, net		1	(1)
Shares withheld for withholding taxes associated with common stock issuances (in shares)		(49,322)
Shares withheld for withholding taxes associated with common stock issuances	(3,150)	(1)	(3,149)			(3,150)
Ending Balance at Jun. 30, 2014	$ 1,625,090	$ 782	$ 3,213	$ 99,644	$ 1,399,342	$ 1,502,981	$ 122,109
Ending Balance (in shares) at Jun. 30, 2014		78,234,030

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Fair Value Measurement - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) (USD $)	6 Months Ended																3 Months Ended
	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2014 Quoted Prices in Active Markets for Identical Items (Level 1)		Dec. 31, 2013 Quoted Prices in Active Markets for Identical Items (Level 1)		Jun. 30, 2014 Quoted Prices in Active Markets for Similar Items (Level 2)		Dec. 31, 2013 Quoted Prices in Active Markets for Similar Items (Level 2)		Jun. 30, 2014 Unobservable Inputs (Level 3)		Dec. 31, 2013 Unobservable Inputs (Level 3)		Jun. 30, 2014 Antioxidant, Ibuprofen and Propofol Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments under executive deferred compensation plan	$ 22,014,000	[1]	$ 23,030,000	[1]	$ 22,014,000	[1]	$ 23,030,000	[1]	$ 0		$ 0		$ 0		$ 0
Private equity securities	1,852,000	[2]	771,000	[2]	30,000	[2]	21,000	[2]	0		0		1,822,000	[2]	750,000	[2]
Foreign currency forward contracts, assets	167,000	[3]	161,000	[3]	0		0		167,000	[3]	161,000	[3]	0		0
Obligations under executive deferred compensation plan	22,014,000	[1]	23,030,000	[1]	22,014,000	[1]	23,030,000	[1]	0		0		0		0
Interest rate swap contract, liability	16,420,000	[4]			0				16,420,000	[4]			0
Foreign currency forward contracts, liabilities	200,000	[3]			0				200,000	[3]			0
Impairment of assets of discontinued operations	80,711,000																80,711,000
Impairment of assets of discontinued operations, after tax																	$ 60,300,000

[1] We maintain an Executive Deferred Compensation Plan (EDCP) that was adopted in 2001 and subsequently amended. The purpose of the EDCP is to provide current tax planning opportunities as well as supplemental funds upon the retirement or death of certain of our employees. The EDCP is intended to aid in attracting and retaining employees of exceptional ability by providing them with these benefits. We also maintain a Benefit Protection Trust (the Trust) that was created to provide a source of funds to assist in meeting the obligations of the EDCP, subject to the claims of our creditors in the event of our insolvency. Assets of the Trust are consolidated in accordance with authoritative guidance. The assets of the Trust consist primarily of mutual fund investments (which are accounted for as trading securities and are marked-to-market on a monthly basis through the consolidated statements of income) and cash and cash equivalents. As such, these assets and obligations are classified within Level 1.

[2] Primarily consists of private equity securities classified as available-for-sale and are reported in Investments in the condensed consolidated balance sheets. The changes in fair value are reported in Other income (expenses), net in our consolidated statements of income. Holdings in private equity securities are typically valued using the net asset valuations provided by the underlying private investment companies and as such are classified within Level 3.

[3] As a result of our global operating and financing activities, we are exposed to market risks from changes in foreign currency exchange rates, which may adversely affect our operating results and financial position. When deemed appropriate, we minimize our risks from foreign currency exchange rate fluctuations through the use of foreign currency forward contracts. These derivative financial instruments are not designated as hedging instruments under ASC 815, Derivatives and Hedging. The foreign currency forward contracts are valued using broker quotations or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within Level 2.

[4] In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, to be effective October 15, 2014. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. The fair value of the forward starting interest rate swap was calculated based on inputs derived from observable market data and as such is classified within Level 2. See Note 11 for additional details about this interest rate swap contract.

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Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Components and Activity in Accumulated Other Comprehensive Income Net of Deferred Income Taxes

The components and activity in Accumulated other comprehensive income (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):

	Foreign Currency Translation			Pension and Post- Retirement Benefits(a)			Unrealized Loss on Interest Rate Swap			Other			Total
Three months ended June 30, 2014
Balance at March 31, 2014	$	111,424		$	186		$	(4,011	)	$	(672	)	$	106,927
Other comprehensive (loss) income before reclassifications	(804		)	—			(6,410		)	3			(7,211		)
Amounts reclassified from accumulated other comprehensive income	—			(167		)	—			34			(133		)
Other comprehensive (loss) income, net of tax	(804		)	(167		)	(6,410		)	37			(7,344		)
Other comprehensive loss attributable to noncontrolling interests	61			—			—			—			61
Balance at June 30, 2014	$	110,681		$	19		$	(10,421	)	$	(635	)	$	99,644
Three months ended June 30, 2013
Balance at March 31, 2013	$	50,904		$	915		$	—		$	(810	)	$	51,009
Other comprehensive income (loss) before reclassifications	5,241			—			—			(3		)	5,238
Amounts reclassified from accumulated other comprehensive income	—			(330		)	—			32			(298		)
Other comprehensive income (loss), net of tax	5,241			(330		)	—			29			4,940
Other comprehensive loss attributable to noncontrolling interests	233			—			—			—			233
Balance at June 30, 2013	$	56,378		$	585		$	—		$	(781	)	$	56,182
Six months ended June 30, 2014
Balance at December 31, 2013	$	116,465		$	487		$	—		$	(707	)	$	116,245
Other comprehensive (loss) income before reclassifications	(6,062		)	—			(10,421		)	3			(16,480		)
Amounts reclassified from accumulated other comprehensive income	—			(468		)	—			69			(399		)
Other comprehensive (loss) income, net of tax	(6,062		)	(468		)	(10,421		)	72			(16,879		)
Other comprehensive loss attributable to noncontrolling interests	278			—			—			—			278
Balance at June 30, 2014	$	110,681		$	19		$	(10,421	)	$	(635	)	$	99,644
Six months ended June 30, 2013
Balance at December 31, 2012	$	85,117		$	989		$	—		$	(842	)	$	85,264
Other comprehensive (loss) income before reclassifications	(28,668		)	—			—			(5		)	(28,673		)
Amounts reclassified from accumulated other comprehensive income	—			(404		)	—			66			(338		)
Other comprehensive (loss) income, net of tax	(28,668		)	(404		)	—			61			(29,011		)
Other comprehensive income attributable to noncontrolling interests	(71		)	—			—			—			(71		)
Balance at June 30, 2013	$	56,378		$	585		$	—		$	(781	)	$	56,182

(a) Amounts reclassified from accumulated other comprehensive income consist of amortization of prior service benefit. See Note 10, “Pension Plans and Other Postretirement Benefits.”

Amount of Income Tax (Expense) Benefit Allocated to Component of Other Comprehensive Income (Loss)

The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the three-month and six-month periods ended June 30, 2014 and 2013 is provided in the following (in thousands):

	Three Months Ended June 30,
	2014												2013
	Foreign Currency Translation			Pension and Post- retirement Benefits			Unrealized Loss on Interest Rate Swap			Other			Foreign Currency Translation		Pension and Post- retirement Benefits			Other
Other comprehensive income (loss), before tax	$	(613	)	$	(162	)	$	(10,101	)	$	57		$	4,470	$	(318	)	$	49
Income tax benefit (expense)	(191		)	(5		)	3,691			(20		)	771		(12		)	(20		)
Other comprehensive income (loss), net of tax	$	(804	)	$	(167	)	$	(6,410	)	$	37		$	5,241	$	(330	)	$	29

	Six Months Ended June 30,
	2014												2013
	Foreign Currency Translation			Pension and Post- retirement Benefits			Unrealized Loss on Interest Rate Swap			Other			Foreign Currency Translation			Pension and Post- retirement Benefits			Other
Other comprehensive income (loss), before tax	$	(5,336	)	$	(459	)	$	(16,420	)	$	111		$	(29,782	)	$	(392	)	$	101
Income tax benefit (expense)	(726		)	(9		)	5,999			(39		)	1,114			(12		)	(40		)
Other comprehensive income (loss), net of tax	$	(6,062	)	$	(468	)	$	(10,421	)	$	72		$	(28,668	)	$	(404	)	$	61

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Discontinued Operations (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations (net of tax)	$ (60,025,000)	$ 2,628,000	$ (61,794,000)	$ 4,463,000
Impairment of assets of discontinued operations			80,711,000
Antioxidant, Ibuprofen and Propofol Assets [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	59,412,000	57,355,000	116,248,000	112,383,000
(Loss) income from discontinued operations	(80,174,000)	3,682,000	(82,687,000)	6,171,000
Income tax (benefit) expense	(20,149,000)	1,054,000	(20,893,000)	1,708,000
(Loss) income from discontinued operations (net of tax)	(60,025,000)	2,628,000	(61,794,000)	4,463,000
Impairment of assets of discontinued operations	80,711,000
Impairment of assets of discontinued operations, after tax	60,300,000
Cumulative foreign currency translation gains included in pre-tax impairment charge	16,700,000
Inventories	58,108,000		58,108,000
All other current assets	4,140,000		4,140,000
Net property, plant and equipment	52,367,000		52,367,000
Other intangibles, net of amortization	23,250,000		23,250,000
All other noncurrent assets	119,000		119,000
Assets of discontinued operations held for sale	137,984,000		137,984,000
Accounts payable	4,140,000		4,140,000
All other current liabilities	438,000		438,000
Noncurrent liabilities	6,600,000		6,600,000
Liabilities of discontinued operations held for sale	$ 11,178,000		$ 11,178,000

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Discontinued Operations (Notes)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Assets Held For Sale

Discontinued Operations:

On April 15, 2014, the Company signed a definitive agreement to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group, Inc. for an undisclosed amount of cash. Included in the transaction are Albemarle’s manufacturing sites in Orangeburg, South Carolina and Jinshan, China, along with Albemarle’s antioxidant product lines manufactured in Ningbo, China. The sale is subject to customary closing conditions and is expected to close later in 2014.

In the second quarter of 2014, the Company began accounting for these assets as held for sale and recorded a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. The expected loss is primarily attributable to goodwill, intangibles and long-lived assets which are included in the assets classified as held for sale at June 30, 2014. Cumulative foreign currency translation gains of $16.7 million were also included in the assessment of the assets’ carrying value for purposes of calculating the expected loss. The final selling price of these assets may be higher or lower than our current assessment of fair value. The expected loss and estimated costs to sell, net of related taxes, are included in (Loss) income from discontinued operations in our consolidated statements of income for the three-month and six-month periods ended June 30, 2014. A summary of results of discontinued operations is as follows (in thousands):

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2014			2013		2014			2013
Net sales	$	59,412		$	57,355	$	116,248		$	112,383
(Loss) income from discontinued operations	$	(80,174	)	$	3,682	$	(82,687	)	$	6,171
Income tax (benefit) expense	(20,149		)	1,054		(20,893		)	1,708
(Loss) income from discontinued operations (net of tax)	$	(60,025	)	$	2,628	$	(61,794	)	$	4,463

The carrying amounts of the major classes of assets and liabilities that were classified as held for sale at June 30, 2014, are as follows (in thousands):

	June 30, 2014
Assets
Inventories	$	58,108
All other current assets	4,140
Net property, plant and equipment	52,367
Other intangibles, net of amortization	23,250
All other noncurrent assets	119
Assets of discontinued operations held for sale	$	137,984
Liabilities
Accounts payable	$	4,140
All other current liabilities	438
Noncurrent liabilities	6,600
Liabilities of discontinued operations held for sale	$	11,178

Assets of discontinued operations held for sale and related liabilities are classified as current in the condensed consolidated balance sheet as of June 30, 2014 because the Company expects to complete the sale of such assets in 2014.

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

A summary of results of discontinued operations is as follows (in thousands):

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2014			2013		2014			2013
Net sales	$	59,412		$	57,355	$	116,248		$	112,383
(Loss) income from discontinued operations	$	(80,174	)	$	3,682	$	(82,687	)	$	6,171
Income tax (benefit) expense	(20,149		)	1,054		(20,893		)	1,708
(Loss) income from discontinued operations (net of tax)	$	(60,025	)	$	2,628	$	(61,794	)	$	4,463

The carrying amounts of the major classes of assets and liabilities that were classified as held for sale at June 30, 2014, are as follows (in thousands):

	June 30, 2014
Assets
Inventories	$	58,108
All other current assets	4,140
Net property, plant and equipment	52,367
Other intangibles, net of amortization	23,250
All other noncurrent assets	119
Assets of discontinued operations held for sale	$	137,984
Liabilities
Accounts payable	$	4,140
All other current liabilities	438
Noncurrent liabilities	6,600
Liabilities of discontinued operations held for sale	$	11,178

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Subsequent Events (Notes)

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events:

Proposed Acquisition of Rockwood Holdings, Inc.

On July 15, 2014, Albemarle and Rockwood entered into the Merger Agreement pursuant to which Albemarle will acquire Rockwood in a cash and stock transaction valued at approximately $6.2 billion. Under the terms of the transaction, each outstanding share of Rockwood common stock will be exchanged for $50.65 in cash and 0.4803 of a share of Albemarle common stock. The transaction values Rockwood at $85.53 per share, based on the closing price of Albemarle’s shares on July 14, 2014. Upon closing of the transaction, Albemarle shareholders will own approximately 70% of the combined company and Rockwood shareholders will own approximately 30% of the combined company. The boards of directors of both Albemarle and Rockwood have approved the transaction. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close by the first quarter of 2015.

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash and cash equivalents at beginning of year	$ 477,239	$ 477,696
Cash flows from operating activities:
Net income	93,614	180,644
Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization	52,714	51,817
Write-offs associated with restructuring and other	6,333	0
Impairment of assets of discontinued operations	80,711
Stock-based compensation	7,319	4,529
Excess tax benefits realized from stock-based compensation arrangements	(767)	(2,519)
Equity in net income of unconsolidated investments (net of tax)	(19,550)	(19,970)
Dividends received from unconsolidated investments and nonmarketable securities	11,944	13,599
Pension and postretirement expense	17,917	3,152
Pension and postretirement contributions	(4,717)	(4,246)
Unrealized gain on investments in marketable securities	(703)	(1,912)
Deferred income taxes	(16,114)	4,911
Working capital changes	63,235	(53,018)
Other, net	3,211	1,867
Net cash provided by operating activities	295,147	178,854
Cash flows from investing activities:
Capital expenditures	(46,670)	(103,168)
Cash payments related to acquisitions and other	0	(250)
Sales of marketable securities, net	642	768
Net cash used in investing activities	(46,028)	(102,650)
Cash flows from financing activities:
Repayments of long-term debt	(3,016)	(6,380)
Proceeds from borrowings of long-term debt	0	117,000
Other (repayments) borrowings, net	(13,083)	266,248
Dividends paid to shareholders	(41,316)	(39,049)
Repurchases of common stock	(150,000)	(582,298)
Proceeds from exercise of stock options	2,355	3,917
Excess tax benefits realized from stock-based compensation arrangements	767	2,519
Withholding taxes paid on stock-based compensation award distributions	(3,150)	(5,777)
Debt financing costs	(1,372)	(133)
Net cash used in financing activities	(208,815)	(243,953)
Net effect of foreign exchange on cash and cash equivalents	(2,424)	4,712
Increase (decrease) in cash and cash equivalents	37,880	(163,037)
Cash and cash equivalents at end of period	$ 515,119	$ 314,659

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Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Net income	$ 29,379		$ 91,128		$ 93,614		$ 180,644
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(804)		5,241		(6,062)		(28,668)
Pension and postretirement benefits	(167)	[1]	(330)	[1]	(468)	[1]	(404)	[1]
Unrealized loss on interest rate swap	(6,410)		0		(10,421)		0
Other	37		29		72		61
Total other comprehensive (loss) income, net of tax	(7,344)		4,940		(16,879)		(29,011)
Comprehensive income	22,035		96,068		76,735		151,633
Comprehensive income attributable to non-controlling interests	(6,871)		(8,156)		(14,306)		(13,989)
Comprehensive income attributable to Albemarle Corporation	$ 15,164		$ 87,912		$ 62,429		$ 137,644

[1] Amounts reclassified from accumulated other comprehensive income consist of amortization of prior service benefit. See Note 10, “Pension Plans and Other Postretirement Benefits.”

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Pension Plans and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension Plans and Other Postretirement Benefits

Pension Plans and Other Postretirement Benefits:

The following information is provided for domestic and foreign pension and postretirement defined benefit plans:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands)
Pension Benefits Cost (Credit):
Service cost	$	2,726		$	3,332		$	5,567		$	6,974
Interest cost	8,128			7,715			16,297			14,933
Expected return on assets	(10,172		)	(9,821		)	(20,377		)	(19,693		)
Actuarial loss(a)	—			—			15,432			—
Amortization of prior service benefit	(138		)	(295		)	(411		)	(344		)
Total net pension benefits cost	$	544		$	931		$	16,508		$	1,870
Postretirement Benefits Cost (Credit):
Service cost	$	54		$	71		$	108		$	154
Interest cost	760			694			1,520			1,382
Expected return on assets	(86		)	(103		)	(171		)	(206		)
Amortization of prior service benefit	(24		)	(23		)	(48		)	(48		)
Total net postretirement benefits cost	$	704		$	639		$	1,409		$	1,282
Total net pension and postretirement benefits cost	$	1,248		$	1,570		$	17,917		$	3,152

(a) In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. This workforce reduction triggered a net curtailment gain of approximately $0.8 million in the first quarter of 2014 for one of our U.S. defined benefit plans and our supplemental executive retirement plan (SERP). In connection with the curtailment, we were required to remeasure the related assets and obligations for these plans. As of the January 31, 2014 remeasurement date, the weighted-average discount rate for our domestic pension plans was reduced from 5.14% to 4.97%. Taking into account the discount rate reduction and actual return on plan assets through January 31, 2014, we recorded a mark-to-market actuarial loss (net of the curtailment gain) for the first quarter of 2014 of $15.4 million.

During the three-month and six-month periods ended June 30, 2014, we made contributions of $1.2 million and $2.3 million, respectively, to our qualified and nonqualified pension plans. During the three-month and six-month periods ended June 30, 2013, we made contributions of $1.4 million and $2.0 million, respectively, to our qualified and nonqualified pension plans.

We paid $1.0 million and $2.4 million in premiums to the U.S. postretirement benefit plan during the three-month and six-month periods ended June 30, 2014, respectively. During the three-month and six-month periods ended June 30, 2013, we paid $1.1 million and $2.2 million in premiums to the U.S. postretirement benefit plan.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 25, 2014
Document And Entity Information [Abstract] [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	ALB
Entity Registrant Name	ALBEMARLE CORP
Entity Central Index Key	0000915913
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		78,241,156

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments:

In assessing the fair value of financial instruments, we use methods and assumptions that are based on market conditions and other risk factors existing at the time of assessment. Fair value information for our financial instruments is as follows:

Long-Term Debt—the fair values of our senior notes and other fixed rate foreign borrowings are estimated using Level 1 inputs and account for the majority of the difference between the recorded amount and fair value of our long-term debt. The carrying value of our remaining long-term debt reported in the accompanying condensed consolidated balance sheets approximates fair value as substantially all of such debt bears interest based on prevailing variable market rates currently available in the countries in which we have borrowings.

	June 30, 2014				December 31, 2013
	Recorded Amount		Fair Value		Recorded Amount		Fair Value
	(In thousands)
Long-term debt	$	1,063,366	$	1,095,344	$	1,078,864	$	1,109,878

Foreign Currency Forward Contracts—we enter into foreign currency forward contracts in connection with our risk management strategies in an attempt to minimize the financial impact of changes in foreign currency exchange rates. These derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes. The fair values of our foreign currency forward contracts are estimated based on current settlement values. At June 30, 2014 and December 31, 2013, we had outstanding foreign currency forward contracts with notional values totaling $159.6 million and $321.4 million, respectively. At June 30, 2014, $0.2 million was included in Other accounts receivable and $0.2 million was included in Accrued expenses associated with the fair value of our foreign currency forward contracts. At December 31, 2013, $0.2 million was included in Other accounts receivable associated with the fair value of our foreign currency forward contracts.

Gains and losses on foreign currency forward contracts are recognized currently in Other income (expenses), net; further, fluctuations in the value of these contracts are generally expected to be offset by changes in the value of the underlying exposures being hedged. For the three-month and six-month periods ended June 30, 2014, we recognized losses of $(1.3) million and $(2.4) million, respectively, in Other income (expenses), net in our consolidated statements of income related to the change in the fair value of our foreign currency forward contracts. For the three-month and six-month periods ended June 30, 2013, we recognized gains (losses) of $2.5 million and $(2.2) million, respectively, in Other income (expenses), net in our consolidated statements of income related to the change in the fair value of our foreign currency forward contracts. These amounts are generally expected to be offset by changes in the value of the underlying exposures being hedged which are also reported in Other income (expenses), net. Also, for the six-month periods ended June 30, 2014 and 2013, we recorded $2.4 million and $2.2 million, respectively, related to the change in the fair value of our foreign currency forward contracts, and cash settlements of $(2.2) million and $(2.5) million, respectively, in Other, net in our condensed consolidated statements of cash flows.

Interest Rate Swap—In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap with J.P. Morgan Chase Bank, N.A., to be effective October 15, 2014. Our risk management objective and strategy for undertaking this hedge is to eliminate the variability in the interest rate and partial credit spread on the 20 future semi-annual coupon payments that we would pay when we refinance our 2015 senior notes with another 10 year note. The notional amount of the swap is $325.0 million and the fixed rate is 3.281%. A cash settlement will occur on the termination date determined by reference to the changes in the U.S. dollar 3-month LIBOR and credit spreads from the date we entered into the swap until the date we terminate the swap. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under Accounting Standards Codification (ASC) 815, Derivatives and Hedging. Effectiveness of the hedge relationship is assessed prospectively and retrospectively on a quarterly basis. At June 30, 2014, the fair value of our pay fixed, receive variable rate forward starting interest rate swap was a liability of $16.4 million and is included in Accrued expenses. We determined there was no ineffectiveness during the six-month period endedJune 30, 2014, which resulted in the entire change in fair value of this swap being recorded in Accumulated other comprehensive income.

The counterparties to our foreign currency forward contracts and our interest rate swap are major financial institutions with which we generally have other financial relationships. We are exposed to credit loss in the event of nonperformance by these counterparties. However, we do not anticipate nonperformance by the counterparties.

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 515,119		$ 477,239
Trade accounts receivable, less allowance for doubtful accounts (2014 – $1,613; 2013 – $1,614)	407,298		446,864
Other accounts receivable	39,413		45,094
Inventories	370,564	[1]	436,049
Assets of discontinued operations held for sale	137,984		0
Other current assets	55,505		77,669
Total current assets	1,525,883		1,482,915
Property, plant and equipment, at cost	2,628,376		2,972,084
Less accumulated depreciation and amortization	1,388,790		1,615,015
Net property, plant and equipment	1,239,586		1,357,069
Investments	224,050		212,178
Other assets	156,363		160,229
Goodwill	265,231		284,203
Other intangibles, net of amortization	43,419		88,203
Total assets	3,454,532		3,584,797
Current liabilities:
Accounts payable	185,024		194,064
Accrued expenses	216,232		190,533
Current portion of long-term debt	377,521		24,554
Dividends payable	21,268		19,197
Liabilities of discontinued operations held for sale	11,178		0
Income taxes payable	4,691		8,015
Total current liabilities	815,914		436,363
Long-term debt	685,845		1,054,310
Postretirement benefits	52,909		53,903
Pension benefits	71,866		57,647
Other noncurrent liabilities	96,472		110,610
Deferred income taxes	106,436		129,188
Commitments and contingencies (Note 8)
Albemarle Corporation shareholders’ equity:
Common stock, $.01 par value, issued and outstanding – 78,234 in 2014 and 80,053 in 2013	782		801
Additional paid-in capital	3,213		9,957
Accumulated other comprehensive income	99,644		116,245
Retained earnings	1,399,342		1,500,358
Total Albemarle Corporation shareholders’ equity	1,502,981		1,627,361
Noncontrolling interests	122,109		115,415
Total equity	1,625,090		1,742,776
Total liabilities and equity	$ 3,454,532		$ 3,584,797

[1] As of June 30, 2014, $58.1 million of inventories (consisting primarily of finished goods) were classified as Assets of discontinued operations held for sale in the condensed consolidated balance sheets. See Note 15, “Discontinued Operations” for additional information.

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Inventories

6 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories:

The following table provides a breakdown of inventories at June 30, 2014 and December 31, 2013:

	June 30,		December 31,
	2014		2013
	(In thousands)
Finished goods	$	280,886	$	340,863
Raw materials	43,708		47,784
Stores, supplies and other	45,970		47,402
Total inventories(a)	$	370,564	$	436,049

(a) As of June 30, 2014, $58.1 million of inventories (consisting primarily of finished goods) were classified as Assets of discontinued operations held for sale in the condensed consolidated balance sheets. See Note 15, “Discontinued Operations” for additional information.

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Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share:

Basic and diluted earnings per share from continuing operations for the three-month and six-month periods ended June 30, 2014 and 2013 are calculated as follows:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
Basic earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	89,404		$	88,500		$	155,408		$	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income from continuing operations attributable to Albemarle Corporation	$	82,472		$	80,111		$	140,824		$	162,263
Denominator:
Weighted-average common shares for basic earnings per share	78,662			84,028			79,199			86,374
Basic earnings per share from continuing operations	$	1.05		$	0.95		$	1.78		$	1.88
Diluted earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	89,404		$	88,500		$	155,408		$	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income from continuing operations attributable to Albemarle Corporation	$	82,472		$	80,111		$	140,824		$	162,263
Denominator:
Weighted-average common shares for basic earnings per share	78,662			84,028			79,199			86,374
Incremental shares under stock compensation plans	429			461			403			488
Total shares	79,091			84,489			79,602			86,862
Diluted earnings per share from continuing operations	$	1.04		$	0.95		$	1.77		$	1.87

On February 25, 2014, the Company increased the regular quarterly dividend by 15% to $0.275 per share. On May 13, 2014, the Company declared a cash dividend of $0.275 per share, which was paid on July 1, 2014 to shareholders of record at the close of business as of June 13, 2014. On July 14, 2014, the Company declared a cash dividend of $0.275 per share, which is payable on October 1, 2014 to shareholders of record at the close of business as of September 15, 2014.

Under its existing Board authorized share repurchase program, on February 3, 2014, the Company entered into an accelerated share repurchase (ASR) agreement with Merrill Lynch International (Merrill Lynch), acting through its agent Merrill Lynch, Pierce, Fenner and Smith Incorporated, relating to a fixed-dollar, uncollared ASR program pursuant to which we purchased $50 million of our common stock from Merrill Lynch in two$25 million tranches. Pursuant to the terms of the agreement, Merrill Lynch immediately borrowed shares of Albemarle common stock that were sold to the Company, thereby decreasing the Company’s issued and outstanding shares (with no change to its authorized shares). On February 3, 2014, the Company paid $50 million to Merrill Lynch and received an initial delivery of 623,248 shares of our common stock with a fair market value of approximately $40 million. This purchase was funded with cash on hand. The Company determined that the ASR agreement with Merrill Lynch met the criteria to be accounted for as a forward contract indexed to its stock and was therefore treated as an equity instrument. Under the terms of the agreement, on April 30, 2014, the transaction was completed and we received a final settlement of 150,504 shares, calculated based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock over the term of the agreement, less a forward price adjustment amount of approximately $0.77. The total number of shares repurchased under this agreement (773,752 shares) reduced the Company’s weighted-average shares outstanding for purposes of calculating basic and diluted earnings per share during the three-month and six-month periods ended June 30, 2014.

Under its existing Board authorized share repurchase program, on April 30, 2014, the Company entered into an ASR agreement with JPMorgan Chase Bank, National Association (JPMorgan), acting through its agent J.P. Morgan Securities LLC, relating to a fixed-dollar, uncollared ASR program pursuant to which we will purchase $100 million of our common stock from JPMorgan. The shares will be purchased by JPMorgan in two$50 million tranches that may be settled separately or simultaneously. Pursuant to the terms of the ASR Agreement, JPMorgan immediately borrowed shares of Albemarle common stock that were sold to the Company, thereby decreasing the Company’s issued and outstanding shares (with no change to its authorized shares). On May 1, 2014, the Company paid $100 million to JPMorgan and received an initial delivery of 1,193,317 shares of our common stock with a fair market value of approximately $80 million. This purchase was funded with cash on hand and commercial paper notes.

The Company has determined that the ASR agreement with JPMorgan meets the criteria to be accounted for as a forward contract indexed to its stock and is therefore being treated as an equity instrument. Although the ASR agreement with JPMorgan can be settled, at the Company’s option, in cash or in shares of common stock, the Company intends to settle in shares of common stock.

The initial delivery of 1,193,317 shares reduced the Company’s weighted average shares outstanding for purposes of calculating basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2014. The total number of shares to ultimately be purchased under the ASR Agreement with JPMorgan will be determined at the completion of the trade and will generally be based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock over the term of the agreement.

The Company evaluated the ASR agreement with JPMorgan for its potential dilution of earnings per share and has determined that, based on the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock calculated as of June 30, 2014, additional shares expected to be received upon final settlement (approximately 231,000 shares) would have an anti-dilutive impact on earnings per share and therefore were not included in the Company’s diluted earnings per share calculation for the three-month and six-month periods ended June 30, 2014. The final settlement amount may increase or decrease depending upon the daily Rule 10b-18 volume-weighted average prices of the Company’s common stock during the remaining term of the agreement.

As announced on July 15, 2014, the Company and Rockwood Holdings, Inc. (“Rockwood”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which the Company will acquire Rockwood in a cash and stock transaction. Refer to Note 17, “Subsequent Events” for additional information about this transaction. Pursuant to the terms of the ASR Agreement with JPMorgan, the period over which the Rule 10b-18 volume-weighted average prices of the Company’s common stock is calculated has been suspended, effective as of the date of the Merger Agreement. Final settlement is expected to occur approximately twelve trading days after the later of (a) the completion of the transaction, or (b) the completion of any restricted period (as defined under Regulation M of the Exchange Act) related to the transaction. However, final settlement may be accelerated at the option of JPMorgan, and the number of shares to be delivered may be adjusted upon the announcement or occurrence of certain corporate events, including without limitation, tender offers, delisting, merger events or insolvency. Additionally, the ASR agreement with JPMorgan will be terminated at any time that our share price is at or below $33.50 per share.

During the six-month period endedJune 30, 2014, the Company repurchased a total of 1,967,069 shares of its common stock pursuant to the terms of its share repurchase program. As of June 30, 2014, there were 3,972,525 remaining shares available for repurchase under the Company’s authorized share repurchase program.

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Recently Issued Accounting Pronouncements

6 Months Ended

Jun. 30, 2014

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements:

In February 2013, the Financial Accounting Standards Board (FASB) issued accounting guidance that requires entities that have obligations resulting from joint and several liability arrangements and for which the total amount is fixed at the reporting date to measure such obligations as the sum of (a) the amount the entity agreed to pay on the basis of its arrangement among its co-obligors, and (b) any additional amount the reporting entity expects to pay on behalf of its co-obligors. Entities are also required to disclose the nature, amount and any other relevant information about such obligations. These amendments became effective on January 1, 2014 and had no impact on our consolidated financial statements.

In March 2013, the FASB issued accounting guidance that clarifies a parent company’s accounting for the cumulative foreign currency translation adjustment when the parent sells a part or all of its investment in a foreign entity. The guidance clarifies that the sale of an investment in a foreign entity includes both (a) events that result in the loss of a controlling financial interest in a foreign entity, and (b) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the cumulative foreign currency translation adjustment should be released into net income upon the occurrence of those events. These amendments became effective on January 1, 2014 and will be applied prospectively. The impact of these new requirements on our financial statements will depend upon the nature, terms and size of derecognition events, if any, that may occur in the future related to any of our foreign entities.

In July 2013, the FASB issued accounting guidance designed to reduce diversity in practice of financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These new requirements became effective on January 1, 2014 and did not have a material effect on our consolidated financial statements.

In April 2014, the FASB issued accounting guidance that changes the criteria for reporting discontinued operations and modifies related disclosure requirements to provide users of financial statements with more information about the assets, liabilities, revenues and expenses of discontinued operations. The guidance improves the definition of discontinued operations by limiting its scope to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. Additionally, these new requirements require entities to disclose the pretax profit or loss related to disposals of significant components that do not qualify as discontinued operations. These new requirements become effective for public entities in annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted for items that have not been reported as disposals or as held for sale in previously issued financial statements. We are assessing the impact of these new requirements on our financial statements.

In May 2014, the FASB issued accounting guidance that will significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. The core principle of the guidance is that revenue recognized from a transaction or event that arises from a contract with a customer should reflect the consideration to which an entity expects to be entitled in exchange for goods or services provided. To achieve that core principle the new guidance sets forth a five-step revenue recognition model that will need to be applied consistently to all contracts with customers, except those that are within the scope of other topics in the ASC. Also required are enhanced disclosures to help users of financial statements better understand the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. The enhanced disclosures include qualitative and quantitative information about contracts with customers, significant judgments made in applying the revenue guidance, and assets recognized related to the costs to obtain or fulfill a contract. These new requirements become effective for annual and interim reporting periods beginning after December 15, 2016, and early adoption is prohibited. We are assessing the impact of these new requirements on our financial statements.

In June 2014, the FASB issued accounting guidance which clarifies the proper method of accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The accounting guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. These new requirements become effective for annual and interim reporting periods beginning after December 15, 2015, and early adoption is permitted. We are assessing the impact of these new requirements on our financial statements.

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Fair Value Measurement

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurement

Fair Value Measurement:

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy:

Level 1	Unadjusted quoted prices in active markets for identical assets or liabilities
Level 2	Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability
Level 3	Unobservable inputs for the asset or liability

Assets Measured at Fair Value on a Recurring Basis

We endeavor to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Transfers between levels of the fair value hierarchy are deemed to have occurred on the date of the event or change in circumstance that caused the transfer. There were no transfers between Levels 1 and 2 during the six-month period endedJune 30, 2014. The following tables set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2014 and December 31, 2013 (in thousands):

	June 30, 2014		Quoted Prices in Active Markets for Identical Items (Level 1)		Quoted Prices in Active Markets for Similar Items (Level 2)		Unobservable Inputs (Level 3)
Assets:
Investments under executive deferred compensation plan(a)	$	22,014	$	22,014	$	—	$	—
Private equity securities(b)	$	1,852	$	30	$	—	$	1,822
Foreign currency forward contracts(d)	$	167	$	—	$	167	$	—
Liabilities:
Obligations under executive deferred compensation plan(a)	$	22,014	$	22,014	$	—	$	—
Interest rate swap contract(c)	$	16,420	$	—	$	16,420	$	—
Foreign currency forward contracts(d)	$	200	$	—	$	200	$	—

	December 31, 2013		Quoted Prices in Active Markets for Identical Items (Level 1)		Quoted Prices in Active Markets for Similar Items (Level 2)		Unobservable Inputs (Level 3)
Assets:
Investments under executive deferred compensation plan(a)	$	23,030	$	23,030	$	—	$	—
Private equity securities(b)	$	771	$	21	$	—	$	750
Foreign currency forward contracts(d)	$	161	$	—	$	161	$	—
Liabilities:
Obligations under executive deferred compensation plan(a)	$	23,030	$	23,030	$	—	$	—

(a) We maintain an Executive Deferred Compensation Plan (EDCP) that was adopted in 2001 and subsequently amended. The purpose of the EDCP is to provide current tax planning opportunities as well as supplemental funds upon the retirement or death of certain of our employees. The EDCP is intended to aid in attracting and retaining employees of exceptional ability by providing them with these benefits. We also maintain a Benefit Protection Trust (the Trust) that was created to provide a source of funds to assist in meeting the obligations of the EDCP, subject to the claims of our creditors in the event of our insolvency. Assets of the Trust are consolidated in accordance with authoritative guidance. The assets of the Trust consist primarily of mutual fund investments (which are accounted for as trading securities and are marked-to-market on a monthly basis through the consolidated statements of income) and cash and cash equivalents. As such, these assets and obligations are classified within Level 1.

(b) Primarily consists of private equity securities classified as available-for-sale and are reported in Investments in the condensed consolidated balance sheets. The changes in fair value are reported in Other income (expenses), net in our consolidated statements of income. Holdings in private equity securities are typically valued using the net asset valuations provided by the underlying private investment companies and as such are classified within Level 3.

(c) In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, to be effective October 15, 2014. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. The fair value of the forward starting interest rate swap was calculated based on inputs derived from observable market data and as such is classified within Level 2. See Note 11 for additional details about this interest rate swap contract.

(d) As a result of our global operating and financing activities, we are exposed to market risks from changes in foreign currency exchange rates, which may adversely affect our operating results and financial position. When deemed appropriate, we minimize our risks from foreign currency exchange rate fluctuations through the use of foreign currency forward contracts. These derivative financial instruments are not designated as hedging instruments under ASC 815, Derivatives and Hedging. The foreign currency forward contracts are valued using broker quotations or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within Level 2.

The following table presents the fair value reconciliation of Level 3 assets measured at fair value on a recurring basis for the periods indicated:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
	(In thousands)
Beginning balance	$	717	$	—	$	750	$	—
Total unrealized gains included in earnings relating to assets still held at the reporting date	105		—		72		—
Purchases	1,000		—		1,000		—
Ending balance	$	1,822	$	—	$	1,822	$	—

Assets Measured at Fair Value on a Non-Recurring Basis

As discussed in Note 15 “Discontinued Operations,” during the second quarter of 2014, the Company signed a definitive agreement to sell certain businesses and assets to SI Group, Inc., and we recorded a pre-tax charge of $80.7 million ($60.3 million after income taxes) related to the expected loss on the anticipated sale of the assets. The expected loss represents the difference between the carrying value of the related assets and their estimated fair value, based on the estimated sales price as outlined in the agreement less estimated costs to sell. Accordingly, the fair value measurement is classified as Level 3 in the fair value hierarchy.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies:

We had the following activity in our recorded environmental liabilities for the six months endedJune 30, 2014, as follows (in thousands):

Beginning balance at December 31, 2013	$	16,599
Expenditures	(1,626		)
Reclassified as Liabilities of discontinued operations held for sale	(2,000		)
Changes in estimates recorded to earnings and other	34
Foreign currency translation	38
Ending balance at June 30, 2014	13,045
Less amounts reported in Accrued expenses	7,133
Amounts reported in Other noncurrent liabilities	$	5,912

The amounts recorded represent our future remediation and other anticipated environmental liabilities. These liabilities typically arise during the normal course of our operational and environmental management activities or at the time of acquisition of the site, and are based on internal analysis as well as input from outside consultants. As evaluations proceed at each relevant site, changes in risk assessment practices, remediation techniques and regulatory requirements can occur, therefore such liability estimates may be adjusted accordingly. The timing and duration of remediation activities at these sites will be determined when evaluations are completed. Although it is difficult to quantify the potential financial impact of these remediation liabilities, management estimates (based on the latest available information) that there is a reasonable possibility that future environmental remediation costs associated with our past operations, in excess of amounts already recorded, could be up to approximately $17 million before income taxes.

Approximately $6.4 million of our recorded liability is related to the closure and post-closure activities at a former landfill associated with our Bergheim, Germany site, which was recorded at the time of our acquisition of this site in 2001. This closure project has been approved under the authority of the governmental permit for this site and is scheduled for completion in 2017, with post-closure monitoring to occur for 30 years thereafter. The remainder of our recorded liability is associated with sites that are being evaluated under governmental authority but for which final remediation plans have not yet been approved. In connection with the remediation activities at our Bergheim, Germany site as required by the German environmental authorities, we have pledged certain of our land and housing facilities at this site which has an estimated fair value of $6.1 million.

We believe that any sum we may be required to pay in connection with environmental remediation matters in excess of the amounts recorded should occur over a period of time and should not have a material adverse effect upon our results of operations, financial condition or cash flows on a consolidated annual basis although any such sum could have a material adverse impact on our results of operations, financial condition or cash flows in a particular quarterly reporting period.

On July 3, 2006, we received a Notice of Violation (the 2006 NOV) from the U.S. Environmental Protection Agency Region 4 (EPA) regarding the implementation of the Pharmaceutical Maximum Achievable Control Technology (PharmaMACT) standards at our plant in Orangeburg, South Carolina. The alleged violations involved (i) the applicability of the specific regulations to certain intermediates manufactured at the plant, (ii) failure to comply with certain reporting requirements, (iii) improper evaluation and testing to properly implement the regulations and (iv) the sufficiency of the leak detection and repair program at the plant. In the second quarter of 2011, the Company was served with a complaint by the EPA in the U.S. District Court for the District of South Carolina, based on the alleged violations set out in the 2006 NOV seeking civil penalties and injunctive relief. The complaint was subsequently amended to add the State of South Carolina as a plaintiff. On June 11, 2014, we entered into a consent decree with the EPA and the South Carolina Department of Health and Environmental Control (DHEC) to settle this matter. Pursuant to the consent decree, we will pay a civil penalty to the EPA in the amount of approximately $332,000. A civil penalty of approximately $112,000 was waived pursuant to the consent decree and we will not be required to pay this amount to the DHEC. The Company is also required to submit certain reports and supporting data within 30 days of the consent decree becoming effective.

In addition, we are involved from time to time in legal proceedings of types regarded as common in our business, including administrative or judicial proceedings seeking remediation under environmental laws, such as the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as CERCLA or Superfund, products liability, breach of contract liability and premises liability litigation. Where appropriate, we may establish financial reserves as estimated by our general counsel for such proceedings. We also maintain insurance to mitigate certain of such risks. Costs for legal services are generally expensed as incurred.

We have contracts with certain of our customers, which serve as guarantees on product delivery and performance according to customer specifications that can cover both shipments on an individual basis as well as blanket coverage of multiple shipments under customer supply contracts that are executed through certain financial institutions. The financial coverage provided by these guarantees is typically based on a percentage of net sales value.

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Fair Value Measurement -Level 3 Reconciliation (Details) (Unobservable Inputs (Level 3), Equity Securities [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Unobservable Inputs (Level 3) | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 717	$ 0	$ 750	$ 0
Total unrealized gains included in earnings relating to assets still held at the reporting date	105	0	72	0
Purchases	1,000	0	1,000	0
Ending balance	$ 1,822	$ 0	$ 1,822	$ 0

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Investments

6 Months Ended

Jun. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments

Investments:

The carrying value of our unconsolidated investment in Stannica LLC, a variable interest entity for which we are not the primary beneficiary, was $5.8 million and $5.5 million at June 30, 2014 and December 31, 2013, respectively. Our maximum exposure to loss in connection with our continuing involvement with Stannica LLC is limited to our investment carrying value.

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Long-Term Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt:

Long-term debt at June 30, 2014 and December 31, 2013 consisted of the following:

	June 30,		December 31,
	2014		2013
	(In thousands)
5.10% Senior notes, net of unamortized discount of $20 at June 30, 2014 and $36 at December 31, 2013	$	324,980	$	324,964
4.50% Senior notes, net of unamortized discount of $2,028 at June 30, 2014 and $2,186 at December 31, 2013	347,972		347,814
Commercial paper notes	363,000		363,000
Fixed-rate foreign borrowings	4,951		7,879
Variable-rate foreign bank loans	22,266		34,910
Miscellaneous	197		297
Total long-term debt	1,063,366		1,078,864
Less amounts due within one year	377,521		24,554
Long-term debt, less current portion	$	685,845	$	1,054,310

On February 7, 2014, we entered into a new $750.0 million credit facility. The five-year, revolving, unsecured credit agreement (hereinafter referred to as the February 2014 credit agreement) matures on February 7, 2019 and (i) replaces our previous $750.0 million amended and restated credit agreement dated as of September 22, 2011; (ii) provides for an additional $250.0 million in credit, if needed, subject to the terms of the agreement; and (iii) provides for the ability to extend the maturity date under certain conditions. Borrowings bear interest at variable rates based on the London Inter-Bank Offered Rate (LIBOR) for deposits in the relevant currency plus an applicable margin which ranges from 0.900% to 1.500%, depending on the Company’s credit rating from Standard & Poor’s Ratings Services (S&P) and Moody’s Investors Services (Moody’s). The applicable margin on the facility was 1.000% as of June 30, 2014. As of June 30, 2014, there were no borrowings outstanding under the February 2014 credit agreement.

At June 30, 2014, we had $363.0 million of commercial paper notes (the “Notes”) outstanding bearing a weighted-average interest rate of approximately 0.25% and a weighted-average maturity of 20 days. In the second quarter of 2014, the Notes were reclassified from Long-term debt to Current portion of long-term debt in our condensed consolidated balance sheet.

Our $325.0 million aggregate principal amount of senior notes, issued on January 20, 2005, mature on February 1, 2015. At June 30, 2014, we have classified these senior notes as long-term based on our ability and intent to refinance them on a long-term basis through the issuance of new senior notes or borrowings under the February 2014 credit agreement.

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Operating Segments

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Operating Segments

Operating Segments:

Effective January 1, 2014, the Company’s assets and businesses were realigned under two operating segments to better align the Company’s resources to support its ongoing business strategy. The Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories, consolidating our bromine, mineral and custom manufacturing assets under one business unit. The Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories. Each segment has a dedicated team of sales, research and development, process engineering, manufacturing and sourcing, and business strategy personnel and has full accountability for improving execution through greater asset and market focus, agility and responsiveness. The new structure also facilitates the continued standardization of business processes across the organization as part of our ongoing One Albemarle strategy. The new segment structure is consistent with the manner in which information is presently used internally by the Company’s chief operating decision maker to evaluate performance and make resource allocation decisions, and each segment president is responsible for execution of the segment’s business strategy.

Segment income represents segment operating profit and equity in net income of unconsolidated investments and is reduced by net income attributable to noncontrolling interests. Segment data includes intersegment transfers of raw materials at cost and allocations for certain corporate costs.

Summarized financial information concerning our reportable segments is shown in the following table. Results for 2013 have been recast to reflect the change in operating segments noted above, and segment results for all periods presented exclude discontinued operations as further described in Notes 1 and 15. Corporate & other includes corporate-related items not allocated to the reportable segments. Pension and OPEB service cost (which represents the benefits earned by active employees during the period) and amortization of prior service cost or benefit are allocated to each segment whereas the remaining components of pension and OPEB benefits cost or credit are included in Corporate & other.

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands)
Net sales:
Performance Chemicals	$	334,187		$	343,024		$	684,444		$	694,048
Catalyst Solutions	270,534			233,818			520,120			469,391
Total net sales	$	604,721		$	576,842		$	1,204,564		$	1,163,439
Segment operating profit:
Performance Chemicals	$	77,265		$	88,694		$	157,741		$	174,159
Catalyst Solutions	59,918			36,271			109,130			78,410
Total segment operating profit	137,183			124,965			266,871			252,569
Equity in net income of unconsolidated investments:
Performance Chemicals	2,660			2,328			5,577			4,636
Catalyst Solutions	7,989			7,381			13,973			15,334
Total equity in net income of unconsolidated investments	10,649			9,709			19,550			19,970
Net income attributable to noncontrolling interests:
Performance Chemicals	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Total net income attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Segment income:
Performance Chemicals	72,993			82,633			148,734			164,877
Catalyst Solutions	67,907			43,652			123,103			93,744
Total segment income	140,900			126,285			271,837			258,621
Corporate & other(a)	(18,768		)	(16,585		)	(53,533		)	(31,806		)
Restructuring and other charges, net	(8,175		)	—			(25,175		)	—
Interest and financing expenses	(8,733		)	(7,608		)	(17,506		)	(12,839		)
Other (expenses) income, net	(979		)	(1,585		)	164			(5,779		)
Income tax expense	(21,773		)	(20,396		)	(34,963		)	(45,934		)
(Loss) income from discontinued operations (net of tax)	(60,025		)	2,628			(61,794		)	4,463
Net income attributable to Albemarle Corporation	$	22,447		$	82,739		$	79,030		$	166,726

(a) For the three months ended June 30, 2014 and 2013, Corporate & other includes $0.9 million and $0.9 million, respectively, of pension and OPEB plan credits, and for the six months ended June 30, 2014 and 2013, Corporate & other includes $(13.7) million and $2.0 million, respectively, of pension and OPEB plan (costs) credits.

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Accumulated Other Comprehensive Income - Amount of Income Tax (Expense) Benefit Allocated to Component of Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Equity [Abstract]
Foreign Currency Translation, Other comprehensive (loss) income, before tax	$ (613)	$ 4,470	$ (5,336)	$ (29,782)
Foreign Currency Translation, Income tax benefit (expense)	(191)	771	(726)	1,114
Foreign Currency Translation, Other comprehensive (loss) income, net of tax	(804)	5,241	(6,062)	(28,668)
Pension and Post-retirement Benefits, Other comprehensive income (loss), before tax	(162)	(318)	(459)	(392)
Pension and Post-retirement Benefits, Income tax benefit (expense)	(5)	(12)	(9)	(12)
Pension and Post-retirement Benefits, Other comprehensive (loss) income, net of tax	(167)	(330)	(468)	(404)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(10,101)		(16,420)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	3,691		5,999
Unrealized loss on interest rate swap, Other comprehensive (loss) income, net of tax	(6,410)	0	(10,421)	0
Other, Other comprehensive (loss) income, before tax	57	49	111	101
Other, Income tax benefit (expense)	(20)	(20)	(39)	(40)
Other, Other comprehensive (loss) income, net of tax	$ 37	$ 29	$ 72	$ 61

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Subsequent Events (Details) (Rockwood Holdings, Inc. [Member], Subsequent Event [Member], USD $) In Billions, except Share data, unless otherwise specified	0 Months Ended
	Jul. 15, 2014	Jul. 15, 2014
Rockwood Holdings, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Estimated purchase price	$ 6.2
Cash issuable per outstanding share of Rockwood common stock		$ 50.65
Equity issuable per outstanding share of Rockwood common stock		0.4803
Transaction value of Rockwood common stock (in dollars per share)		$ 85.53
Percentage of combined company to be owned by Albemarle shareholders		70.00%
Percentage of combined company to be owned by Rockwood shareholders		30.00%

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Accumulated Other Comprehensive Income - Components and Activity in Accumulated Other Comprehensive Income Net of Deferred Income Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward]
Foreign Currency Translation, Beginning balance	$ 111,424		$ 50,904		$ 116,465		$ 85,117
Foreign Currency Translations, Other comprehensive (loss) income before reclassifications	(804)		5,241		(6,062)		(28,668)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0		0		0		0
Foreign Currency Translation, Other comprehensive (loss) income, net of tax	(804)		5,241		(6,062)		(28,668)
Foreign Currency Translation, Other comprehensive (income) loss attributable to noncontrolling interests	61		233		278		(71)
Foreign Currency Translation, Ending balance	110,681		56,378		110,681		56,378
Pension and Post-retirement Benefits, Beginning balance	186		915		487		989
Pension and Post-retirement Benefits, Amounts reclassified from accumulated other comprehensive income	(167)	[1]	(330)	[1]	(468)	[1]	(404)	[1]
Pension and Post-retirement Benefits, Other comprehensive (loss) income, net of tax	(167)		(330)		(468)		(404)
Pension and Post-retirement Benefits, Ending balance	19		585		19		585
Unrealized loss on interest rate swap, beginning balance	(4,011)		0		0		0
Interest Rate Swap, Other comprehensive income (loss) before reclassifications	(6,410)		0		(10,421)		0
Unrealized loss on interest rate swap, Other comprehensive (loss) income, net of tax	(6,410)		0		(10,421)		0
Unrealizedd loss on interest rate swap, ending balance	(10,421)		0		(10,421)		0
Other, Beginning balance	(672)		(810)		(707)		(842)
Other, Other comprehensive (loss) income before reclassifications	3		(3)		3		(5)
Other, Amounts reclassified from accumulated other comprehensive income	34		32		69		66
Other, Other comprehensive (loss) income, net of tax	37		29		72		61
Other, Ending balance	(635)		(781)		(635)		(781)
Beginning Balance	106,927		51,009		116,245		85,264
Other comprehensive income (loss) before reclassifications	(7,211)		5,238		(16,480)		(28,673)
Amounts reclassified from accumulated other comprehensive income	(133)		(298)		(399)		(338)
Total other comprehensive (loss) income, net of tax	(7,344)		4,940		(16,879)		(29,011)
Other comprehensive (income) loss attributable to noncontrolling interests	61		233		278		(71)
Ending balance	$ 99,644		$ 56,182		$ 99,644		$ 56,182

[1] Amounts reclassified from accumulated other comprehensive income consist of amortization of prior service benefit. See Note 10, “Pension Plans and Other Postretirement Benefits.”

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Restructuring and Other (Tables)

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Activity in Recorded Workforce Reduction Liabilities

We had the following activity in our recorded workforce reduction liabilities for the six months endedJune 30, 2014 (in thousands):

Beginning balance at December 31, 2013	$	39,104
Workforce reduction charges	—
Payments	(25,302		)
Amount reversed to income(a)	(1,095		)
Foreign currency translation	(148		)
Ending balance at June 30, 2014	$	12,559
Amounts reported in Accrued expenses	$	12,559

(a) Amount reversed to income reflects adjustments based on actual timing and amount of final settlements.

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Operating Segments - Summarized Financial Information by Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Segment Reporting Information [Line Items]
Net sales	$ 604,721		$ 576,842		$ 1,204,564		$ 1,163,439
Total segment operating profit	110,240		108,380		188,163		220,763
Equity in net income of unconsolidated investments	10,649		9,709		19,550		19,970
Net (income) loss attributable to noncontrolling interests	(6,932)		(8,389)		(14,584)		(13,918)
Segment income	140,900		126,285		271,837		258,621
Corporate & other	(18,768)	[1]	(16,585)	[1]	(53,533)	[1]	(31,806)	[1]
Restructuring and other charges, net	(8,175)		0		(25,175)		0
Interest and financing expenses	(8,733)		(7,608)		(17,506)		(12,839)
Other (expenses) income, net	(979)		(1,585)		164		(5,779)
Income tax expense	(21,773)		(20,396)		(34,963)		(45,934)
(Loss) income from discontinued operations (net of tax)	(60,025)		2,628		(61,794)		4,463
Net income attributable to Albemarle Corporation	22,447		82,739		79,030		166,726
Performance Chemicals
Segment Reporting Information [Line Items]
Net sales	334,187		343,024		684,444		694,048
Total segment operating profit	77,265		88,694		157,741		174,159
Equity in net income of unconsolidated investments	2,660		2,328		5,577		4,636
Net (income) loss attributable to noncontrolling interests	(6,932)		(8,389)		(14,584)		(13,918)
Segment income	72,993		82,633		148,734		164,877
Catalyst Solutions
Segment Reporting Information [Line Items]
Net sales	270,534		233,818		520,120		469,391
Total segment operating profit	59,918		36,271		109,130		78,410
Equity in net income of unconsolidated investments	7,989		7,381		13,973		15,334
Segment income	67,907		43,652		123,103		93,744
Total segment operating profit
Segment Reporting Information [Line Items]
Total segment operating profit	$ 137,183		$ 124,965		$ 266,871		$ 252,569

[1] For the three months ended June 30, 2014 and 2013, Corporate & other includes $0.9 million and $0.9 million, respectively, of pension and OPEB plan credits, and for the six months ended June 30, 2014 and 2013, Corporate & other includes $(13.7) million and $2.0 million, respectively, of pension and OPEB plan (costs) credits.

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Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income:

The components and activity in Accumulated other comprehensive income (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):

	Foreign Currency Translation			Pension and Post- Retirement Benefits(a)			Unrealized Loss on Interest Rate Swap			Other			Total
Three months ended June 30, 2014
Balance at March 31, 2014	$	111,424		$	186		$	(4,011	)	$	(672	)	$	106,927
Other comprehensive (loss) income before reclassifications	(804		)	—			(6,410		)	3			(7,211		)
Amounts reclassified from accumulated other comprehensive income	—			(167		)	—			34			(133		)
Other comprehensive (loss) income, net of tax	(804		)	(167		)	(6,410		)	37			(7,344		)
Other comprehensive loss attributable to noncontrolling interests	61			—			—			—			61
Balance at June 30, 2014	$	110,681		$	19		$	(10,421	)	$	(635	)	$	99,644
Three months ended June 30, 2013
Balance at March 31, 2013	$	50,904		$	915		$	—		$	(810	)	$	51,009
Other comprehensive income (loss) before reclassifications	5,241			—			—			(3		)	5,238
Amounts reclassified from accumulated other comprehensive income	—			(330		)	—			32			(298		)
Other comprehensive income (loss), net of tax	5,241			(330		)	—			29			4,940
Other comprehensive loss attributable to noncontrolling interests	233			—			—			—			233
Balance at June 30, 2013	$	56,378		$	585		$	—		$	(781	)	$	56,182
Six months ended June 30, 2014
Balance at December 31, 2013	$	116,465		$	487		$	—		$	(707	)	$	116,245
Other comprehensive (loss) income before reclassifications	(6,062		)	—			(10,421		)	3			(16,480		)
Amounts reclassified from accumulated other comprehensive income	—			(468		)	—			69			(399		)
Other comprehensive (loss) income, net of tax	(6,062		)	(468		)	(10,421		)	72			(16,879		)
Other comprehensive loss attributable to noncontrolling interests	278			—			—			—			278
Balance at June 30, 2014	$	110,681		$	19		$	(10,421	)	$	(635	)	$	99,644
Six months ended June 30, 2013
Balance at December 31, 2012	$	85,117		$	989		$	—		$	(842	)	$	85,264
Other comprehensive (loss) income before reclassifications	(28,668		)	—			—			(5		)	(28,673		)
Amounts reclassified from accumulated other comprehensive income	—			(404		)	—			66			(338		)
Other comprehensive (loss) income, net of tax	(28,668		)	(404		)	—			61			(29,011		)
Other comprehensive income attributable to noncontrolling interests	(71		)	—			—			—			(71		)
Balance at June 30, 2013	$	56,378		$	585		$	—		$	(781	)	$	56,182

(a) Amounts reclassified from accumulated other comprehensive income consist of amortization of prior service benefit. See Note 10, “Pension Plans and Other Postretirement Benefits.”

The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the three-month and six-month periods ended June 30, 2014 and 2013 is provided in the following (in thousands):

	Three Months Ended June 30,
	2014												2013
	Foreign Currency Translation			Pension and Post- retirement Benefits			Unrealized Loss on Interest Rate Swap			Other			Foreign Currency Translation		Pension and Post- retirement Benefits			Other
Other comprehensive income (loss), before tax	$	(613	)	$	(162	)	$	(10,101	)	$	57		$	4,470	$	(318	)	$	49
Income tax benefit (expense)	(191		)	(5		)	3,691			(20		)	771		(12		)	(20		)
Other comprehensive income (loss), net of tax	$	(804	)	$	(167	)	$	(6,410	)	$	37		$	5,241	$	(330	)	$	29

	Six Months Ended June 30,
	2014												2013
	Foreign Currency Translation			Pension and Post- retirement Benefits			Unrealized Loss on Interest Rate Swap			Other			Foreign Currency Translation			Pension and Post- retirement Benefits			Other
Other comprehensive income (loss), before tax	$	(5,336	)	$	(459	)	$	(16,420	)	$	111		$	(29,782	)	$	(392	)	$	101
Income tax benefit (expense)	(726		)	(9		)	5,999			(39		)	1,114			(12		)	(40		)
Other comprehensive income (loss), net of tax	$	(6,062	)	$	(468	)	$	(10,421	)	$	72		$	(28,668	)	$	(404	)	$	61

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earning Per Share

Basic and diluted earnings per share from continuing operations for the three-month and six-month periods ended June 30, 2014 and 2013 are calculated as follows:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
Basic earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	89,404		$	88,500		$	155,408		$	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income from continuing operations attributable to Albemarle Corporation	$	82,472		$	80,111		$	140,824		$	162,263
Denominator:
Weighted-average common shares for basic earnings per share	78,662			84,028			79,199			86,374
Basic earnings per share from continuing operations	$	1.05		$	0.95		$	1.78		$	1.88
Diluted earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	89,404		$	88,500		$	155,408		$	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932		)	(8,389		)	(14,584		)	(13,918		)
Net income from continuing operations attributable to Albemarle Corporation	$	82,472		$	80,111		$	140,824		$	162,263
Denominator:
Weighted-average common shares for basic earnings per share	78,662			84,028			79,199			86,374
Incremental shares under stock compensation plans	429			461			403			488
Total shares	79,091			84,489			79,602			86,862
Diluted earnings per share from continuing operations	$	1.04		$	0.95		$	1.77		$	1.87

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Commitments and Contingencies - Activity in Recorded Environmental Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Accrual for Environmental Loss Contingencies [Roll Forward]
Balance at beginning of period	$ 16,599
Expenditures	(1,626)
Reclassified as Liabilities of discontinued operations held for sale	(2,000)
Changes in estimates recorded to earnings and other	34
Foreign currency translation	38
Balance at end of period	13,045
Less amounts reported in Accrued expenses	7,133
Amounts reported in Other noncurrent liabilities	$ 5,912

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Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share From Continuing Operations (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Basic earnings per share from continuing operations
Net income from continuing operations	$ 89,404	$ 88,500	$ 155,408	$ 176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932)	(8,389)	(14,584)	(13,918)
Net income from continuing operations attributable to Albemarle Corporation	82,472	80,111	140,824	162,263
Weighted-average common shares for basic earnings per share (in shares)	78,662	84,028	79,199	86,374
Basic earnings per share from continuing operations	$ 1.05	$ 0.95	$ 1.78	$ 1.88
Diluted earnings per share from continuing operations
Net income from continuing operations	89,404	88,500	155,408	176,181
Net income from continuing operations attributable to noncontrolling interests	(6,932)	(8,389)	(14,584)	(13,918)
Net income from continuing operations attributable to Albemarle Corporation	$ 82,472	$ 80,111	$ 140,824	$ 162,263
Weighted-average common shares for basic earnings per share (in shares)	78,662	84,028	79,199	86,374
Incremental shares under stock compensation plans (in shares)	429	461	403	488
Total shares	79,091	84,489	79,602	86,862
Diluted earnings per share from continuing operations (in dollars per share)	$ 1.04	$ 0.95	$ 1.77	$ 1.87

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Trade accounts receivable, allowance for doubtful accounts	$ 1,613	$ 1,614
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	78,234	80,053
Common stock, outstanding (in shares)	78,234	80,053

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Income Taxes

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes:

The effective income tax rate for the three-month and six-month periods ended June 30, 2014 was 21.7% and 20.5%, respectively, compared to 20.6% and 22.7% for the three-month and six-month periods ended June 30, 2013. The Company’s effective income tax rate fluctuates based on, among other factors, our level and location of income. The difference between the U.S. federal statutory income tax rate and our effective income tax rate for the 2014 and 2013 periods is mainly due to the impact of earnings from outside the U.S. Our effective income tax rate for the three-month and six-month periods ended June 30, 2014 was impacted by $8.2 million of restructuring and other charges (approximately $5.2 million after income taxes) as more fully described in Note 13. Our effective income tax rate for the six-month period endedJune 30, 2014 was also impacted by $17.0 million of pre-tax charges (approximately $11.1 million after income taxes) in connection with a reduction of high cost supply capacity of certain aluminum alkyl products (see Note 13), and an actuarial loss of $15.4 million (approximately $9.8 million after income taxes) related to one of our U.S. defined benefit pension plans and our supplemental executive retirement plan (see Note 10).

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Fair Value of Financial Instruments - Additional Information (Detail) (USD $)	6 Months Ended						3 Months Ended		6 Months Ended				1 Months Ended
	Jun. 30, 2014		Dec. 31, 2013	Jun. 30, 2014 Other Accounts Receivable	Dec. 31, 2013 Other Accounts Receivable	Jun. 30, 2014 Accrued Expenses	Jun. 30, 2014 Other income (expenses), net	Jun. 30, 2013 Other income (expenses), net	Jun. 30, 2014 Other income (expenses), net	Jun. 30, 2013 Other income (expenses), net	Jun. 30, 2014 Other, net	Jun. 30, 2013 Other, net	Jan. 22, 2014 JP Morgan payment	Jun. 30, 2014 JP Morgan
Fair Value, Option, Quantitative Disclosures [Line Items]
Notional amount	$ 159,600,000		$ 321,400,000										$ 325,000,000.0
Fair value foreign currency forward contracts, assets				200,000	200,000
Fair value of foreign currency forward contracts, liabilities						200,000
Recognized gains (losses) of foreign currency forward contracts							(1,300,000)	2,500,000	(2,400,000)	(2,200,000)
Change in the fair value of foreign currency forward contracts											2,400,000	2,200,000
Cash settlements											(2,200,000)	(2,500,000)
Number of semi annual coupon payments													20
Expected future issuance of senior notes - maturity period	20 days												10 years
Fixed interest rate													3.281%
Interest rate swap contract, liability	$ 16,420,000	[1]												$ 16,420,000	[1]

[1] In anticipation of refinancing our 2015 senior notes in the fourth quarter of 2014, on January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, to be effective October 15, 2014. This derivative financial instrument has been designated and is accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. The fair value of the forward starting interest rate swap was calculated based on inputs derived from observable market data and as such is classified within Level 2. See Note 11 for additional details about this interest rate swap contract.

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Inventories (Tables)

6 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Breakdown of Inventories

The following table provides a breakdown of inventories at June 30, 2014 and December 31, 2013:

	June 30,		December 31,
	2014		2013
	(In thousands)
Finished goods	$	280,886	$	340,863
Raw materials	43,708		47,784
Stores, supplies and other	45,970		47,402
Total inventories(a)	$	370,564	$	436,049

(a) As of June 30, 2014, $58.1 million of inventories (consisting primarily of finished goods) were classified as Assets of discontinued operations held for sale in the condensed consolidated balance sheets. See Note 15, “Discontinued Operations” for additional information.

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Income Taxes - Income Taxes Additional Information (Details) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Effective income tax rate	21.70%		20.60%	20.50%	22.70%
Restructuring and other charges, net	$ 8,175,000	$ 17,000,000	$ 0	$ 25,175,000	$ 0
Restructuring and other charges, net of tax	$ 5,200,000	$ 11,100,000

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Restructuring and Other

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Other

Restructuring and Other

In connection with the announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which will result in a reduction of approximately 230 employees worldwide. Payments under this workforce reduction plan are expected to be substantially complete in 2014. We had the following activity in our recorded workforce reduction liabilities for the six months endedJune 30, 2014 (in thousands):

Beginning balance at December 31, 2013	$	39,104
Workforce reduction charges	—
Payments	(25,302		)
Amount reversed to income(a)	(1,095		)
Foreign currency translation	(148		)
Ending balance at June 30, 2014	$	12,559
Amounts reported in Accrued expenses	$	12,559

(a) Amount reversed to income reflects adjustments based on actual timing and amount of final settlements.

During the first quarter of 2014 we initiated action to reduce high cost supply capacity of certain aluminum alkyl products, primarily through the termination of a third party manufacturing contract. Based on the contract termination, we estimate costs of approximately $14.0 million (recorded in Accrued expenses at June 30, 2014) for contract termination and volume commitments. Additionally, we have recorded an impairment charge of $3.0 million for certain capital project costs also related to aluminum alkyls capacity which we do not expect to recover. After income taxes, these charges were approximately $11.1 million.

Included in Restructuring and other charges, net for the second quarter of 2014 are $4.9 million ($3.1 million after income taxes) of certain significant acquisition-related costs, and a write-off of $3.3 million ($2.1 million after income taxes) for certain multi-product facility project costs that we do not expect to recover in future periods.