XML 63 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Operating Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of operating segment data
Reportable Segment Data
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Net Sales
 
 
 
 
 
 
 
Catalysts Technologies
$
320.5

 
$
278.4

 
$
614.3

 
$
539.0

Materials Technologies
109.0

 
112.1

 
213.2

 
214.3

Total
$
429.5

 
$
390.5

 
$
827.5

 
$
753.3

Adjusted EBIT
 
 
 
 
 
 
 
Catalysts Technologies segment operating income
$
101.3

 
$
87.5

 
$
182.5

 
$
165.8

Materials Technologies segment operating income
24.2

 
28.0

 
49.0

 
48.6

Corporate costs
(18.3
)
 
(16.3
)
 
(34.4
)
 
(29.5
)
Certain pension costs
(3.2
)
 
(3.1
)
 
(6.3
)
 
(6.2
)
Total
$
104.0

 
$
96.1

 
$
190.8

 
$
178.7

Schedule of reconciliation of operating segment data to financial statements
Grace Adjusted EBIT for the three and six months ended June 30, 2017 and 2016, is reconciled below to income from continuing operations before income taxes presented in the accompanying Consolidated Statements of Operations.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Grace Adjusted EBIT
$
104.0

 
$
96.1

 
$
190.8

 
$
178.7

(Costs) benefit related to legacy product, environmental and other claims
(14.9
)
 
(6.7
)
 
(17.0
)
 
(11.1
)
Restructuring and repositioning expenses
(5.4
)
 
(9.4
)
 
(7.7
)
 
(23.0
)
Pension MTM adjustment and other related costs, net

 
0.7

 
(1.9
)
 
0.9

Income and expense items related to divested businesses
(0.7
)
 
0.1

 
(1.0
)
 
(0.2
)
Third-party acquisition-related costs

 
(2.5
)
 

 
(2.5
)
Gain on sale of product line

 
0.7

 

 
0.7

Loss on early extinguishment of debt

 

 

 
(11.1
)
Interest expense, net
(19.5
)
 
(19.4
)
 
(38.8
)
 
(41.2
)
Net income (loss) attributable to noncontrolling interests
(0.4
)
 
(0.2
)
 
(0.4
)
 
(0.4
)
Income from continuing operations before income taxes
$
63.1

 
$
59.4

 
$
124.0

 
$
90.8

Schedule of geographic area data
The table below presents information related to the geographic areas in which Grace operates. Sales are attributed to geographic areas based on customer location.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Net Sales
 
 
 
 
 
 
 
United States
$
108.8

 
$
112.4

 
$
212.6

 
$
220.6

Canada and Puerto Rico
12.0

 
11.6

 
23.9

 
22.3

Total North America
120.8

 
124.0

 
236.5

 
242.9

Europe Middle East Africa
163.9

 
158.4

 
312.6

 
300.8

Asia Pacific
115.5

 
83.1

 
215.4

 
155.2

Latin America
29.3

 
25.0

 
63.0

 
54.4

Total
$
429.5

 
$
390.5

 
$
827.5

 
$
753.3