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Reportable Segments
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Reportable Segments
Reportable Segments
We are organized by end market, with two business segments: Semiconductor Materials and Solar Energy.
 
Three Months Ended
September 30,
 
Nine Months Ended September 30,
In millions
2013
 
2012
 
2013
 
2012
Net sales:
 
 
 
 
 
 
 
Semiconductor Materials
$
230.7

 
$
240.3

 
$
699.5

 
$
689.0

Solar Energy
380.8

 
361.3

 
756.9

 
1,240.2

Consolidated net sales
$
611.5

 
$
601.6

 
$
1,456.4

 
$
1,929.2

Operating income (loss):
 
 
 
 
 
 
 
Semiconductor Materials
$
(0.8
)
 
$
8.7

 
$
4.2

 
$
(8.1
)
Solar Energy
(17.3
)
 
75.8

 
(53.3
)
 
70.4

Corporate and Other
(31.0
)
 
(25.6
)
 
(80.1
)
 
(72.9
)
Consolidated operating (loss) income
$
(49.1
)
 
$
58.9

 
$
(129.2
)
 
$
(10.6
)
Interest (income) expense:
 
 
 
 
 
 
 
Semiconductor Materials
$
—

 
$
(0.3
)
 
$
(0.9
)
 
$
(0.8
)
Solar Energy
25.1

 
14.7

 
67.0

 
60.7

Corporate and Other
20.1

 
13.6

 
61.2

 
40.4

Consolidated interest expense
$
45.2

 
$
28.0

 
$
127.3

 
$
100.3

Depreciation and amortization:
 
 
 
 
 
 
 
Semiconductor Materials
$
29.4

 
$
30.6

 
$
90.4

 
$
92.6

Solar Energy
38.7

 
26.5

 
95.7

 
70.5

Corporate and Other
2.5

 
2.0

 
6.3

 
5.3

Consolidated depreciation and amortization
$
70.6

 
$
59.1

 
$
192.4

 
$
168.4

Capital expenditures:
 
 
 
 
 
 
 
Semiconductor Materials
$
17.2

 
$
14.6

 
$
65.8

 
$
55.6

Solar Energy (1)
150.4

 
44.9

 
291.3

 
231.3

Corporate and Other
2.8

 
—

 
5.4

 
6.6

Consolidated capital expenditures
$
170.4

 
$
59.5

 
$
362.5

 
$
293.5


__________________________
(1)
Includes construction of solar energy systems of $138.8 million and $35.5 million in the three month periods ended September 30, 2013 and 2012, respectively, and construction of solar energy systems of $261.3 million and $193.2 million in the nine month periods ended September 30, 2013 and 2012, respectively.
Solar Energy

On September 30, 2013, we entered into a termination agreement with Gintech, terminating our solar wafer supply agreement, and recognized $22.0 million of revenue related to that termination in the three month period ended September 30, 2013. See Note 13.

During the nine month period ended September 30, 2013, we recognized revenue of $25.0 million as a result of the amendment of the Tainergy long-term solar wafer supply agreement. See Note 13.

On September 25, 2012, we entered into a termination agreement with Conergy, terminating our solar wafer supply agreement, and recognized $37.1 million of revenue related to that termination in the three month period ended September 30, 2012. See Note 13.
We incurred tangible asset impairment charges of $14.2 million and $17.3 million on solar wafering assets during the three and nine month periods ended September 30, 2012, respectively. It was determined that the related assets had no future service potential.

On September 4, 2012, we settled disputes with Evonik arising from our early termination of two supply agreements. As part of this settlement, we recognized $69.2 million of operating income in the three month period ended September 30, 2012. See Note 2.