Noncontrolling Interests in Consolidated Affiliates

9 Months Ended

Sep. 30, 2013

Noncontrolling Interests in Consolidated Affiliates

Grace conducts certain business activities in various countries through joint ventures with unaffiliated third parties. In certain cases, the financial results and financial position of these joint ventures are fully included in Grace's consolidated financial statements with the partner's interest reflected in noncontrolling interests in the Consolidated Statements of Operations and Consolidated Balance Sheets. The following tables present summary financial information for Grace's consolidated affiliates for which there is a noncontrolling interest:



Statements of Operations (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
Statements of Operations (In millions)	2013		2012		2013		2012
Sales	$	24.1	$	25.3	$	78.0	$	77.0
Income before taxes	4.8		1.8		5.8		5.9
Net income	3.6		1.5		4.8		5.0
Noncontrolling interests in net income	0.3		0.5		1.1		1.3



Balance Sheets (In millions)	September 30, 2013		December 31, 2012
Cash	$	10.6	$	5.7
Other current assets	35.8		41.6
Total assets	78.6		73.8
Total liabilities	53.0		47.2
Shareholders' equity	25.6		26.6
Noncontrolling interests in shareholders' equity	10.1		9.9

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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