XML 82 R36.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of operating segment data
Reportable Segment Data
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Net Sales
 
 
 
 
 
 
 
Catalysts Technologies
$
361.4

 
$
378.2

 
$
1,106.8

 
$
1,058.4

Materials Technologies
109.1

 
116.7

 
346.8

 
353.7

Total
$
470.5

 
$
494.9

 
$
1,453.6

 
$
1,412.1

Adjusted EBIT
 
 
 
 
 
 
 
Catalysts Technologies segment operating income
$
104.7

 
$
119.5

 
$
331.3

 
$
325.3

Materials Technologies segment operating income
26.1

 
26.6

 
74.2

 
80.3

Corporate costs
(18.5
)
 
(19.7
)
 
(52.7
)
 
(56.1
)
Certain pension costs
(4.5
)
 
(3.8
)
 
(13.9
)
 
(11.6
)
Total
$
107.8

 
$
122.6

 
$
338.9

 
$
337.9
Schedule of reconciliation of operating segment data to financial statements Grace Adjusted EBIT for the three and nine months ended September 30, 2019 and 2018, is reconciled below to “income (loss) before income taxes” presented in the accompanying Consolidated Statements of Operations.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Grace Adjusted EBIT
$
107.8

 
$
122.6

 
$
338.9

 
$
337.9

Costs related to legacy matters
(3.7
)
 
(74.6
)
 
(52.1
)
 
(78.8
)
Restructuring and repositioning expenses
(3.4
)
 
(8.4
)
 
(12.1
)
 
(32.8
)
Write-off of MTO inventory
—

 
—

 
(3.6
)
 
—

Third-party acquisition-related costs
(1.4
)
 
(0.5
)
 
(2.7
)
 
(7.2
)
Amortization of acquired inventory fair value adjustment
—

 
(2.3
)
 
—

 
(6.9
)
Loss on early extinguishment of debt
—

 
—

 
—

 
(4.8
)
Interest expense, net
(18.3
)
 
(20.0
)
 
(56.8
)
 
(58.4
)
Net income (loss) attributable to noncontrolling interests
0.1

 
(0.2
)
 
0.2

 
(0.6
)
Income (loss) before income taxes
$
81.1

 
$
16.6

 
$
211.8

 
$
148.4
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 September 30,
 
Nine Months Ended September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Net Sales
 
 
 
 
 
 
 
United States
$
124.1

 
$
140.1

 
$
395.9

 
$
390.6

Canada
13.4

 
12.8

 
42.0

 
35.7

Total North America
137.5

 
152.9

 
437.9

 
426.3

Europe Middle East Africa
195.6

 
187.9

 
604.3

 
552.0

Asia Pacific
117.5

 
123.5

 
345.4

 
347.8

Latin America
19.9

 
30.6

 
66.0

 
86.0

Total
$
470.5

 
$
494.9

 
$
1,453.6

 
$
1,412.1