XML 65 R36.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of operating segment data
Reportable Segment Data
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Net Sales
 
 
 
 
 
 
 
Catalysts Technologies
$
395.7

 
$
364.4

 
$
745.4

 
$
680.2

Materials Technologies
117.9

 
121.3

 
237.7

 
237.0

Total
$
513.6

 
$
485.7

 
$
983.1

 
$
917.2

Adjusted EBIT
 
 
 
 
 
 
 
Catalysts Technologies segment operating income
$
125.2

 
$
113.7

 
$
226.6

 
$
205.8

Materials Technologies segment operating income
24.1

 
29.6

 
48.1

 
53.7

Corporate costs
(18.0
)
 
(19.8
)
 
(34.2
)
 
(36.4
)
Certain pension costs
(4.6
)
 
(4.0
)
 
(9.4
)
 
(7.8
)
Total
$
126.7

 
$
119.5

 
$
231.1

 
$
215.3
Schedule of reconciliation of operating segment data to financial statements Grace Adjusted EBIT for the three and six months ended June 30, 2019 and 2018, is reconciled below to “income (loss) before income taxes” presented in the accompanying Consolidated Statements of Operations.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Grace Adjusted EBIT
$
126.7

 
$
119.5

 
$
231.1

 
$
215.3

Costs related to legacy matters
(1.5
)
 
(2.2
)
 
(48.4
)
 
(4.2
)
Restructuring and repositioning expenses
(6.4
)
 
(18.8
)
 
(8.7
)
 
(24.4
)
Write-off of MTO inventory
(3.6
)
 
—

 
(3.6
)
 
—

Third-party acquisition-related costs
(1.0
)
 
(5.8
)
 
(1.3
)
 
(6.7
)
Amortization of acquired inventory fair value adjustment
—

 
(4.6
)
 
—

 
(4.6
)
Loss on early extinguishment of debt
—

 
(4.8
)
 
—

 
(4.8
)
Interest expense, net
(19.2
)
 
(19.5
)
 
(38.5
)
 
(38.4
)
Net income (loss) attributable to noncontrolling interests
0.2

 
(0.2
)
 
0.1

 
(0.4
)
Income (loss) before income taxes
$
95.2

 
$
63.6

 
$
130.7

 
$
131.8
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 the location to which the product is transported.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Net Sales
 
 
 
 
 
 
 
United States
$
140.2

 
$
138.1

 
$
271.8

 
$
250.5

Canada
15.7

 
9.3

 
28.6

 
22.9

Total North America
155.9

 
147.4

 
300.4

 
273.4

Europe Middle East Africa
214.1

 
185.4

 
408.7

 
364.1

Asia Pacific
118.7

 
124.1

 
227.9

 
224.3

Latin America
24.9

 
28.8

 
46.1

 
55.4

Total
$
513.6

 
$
485.7

 
$
983.1

 
$
917.2