Operating Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Reportable Segment Data



	Year Ended December 31,
(In millions)	2019			2018			2017
Net Sales
Catalysts Technologies	$	1,496.7		$	1,463.5		$	1,276.5
Materials Technologies	461.4			468.6			440.0
Total	$	1,958.1		$	1,932.1		$	1,716.5
Adjusted EBIT
Catalysts Technologies segment operating income	$	466.5		$	440.5		$	395.4
Materials Technologies segment operating income	97.8			105.6			100.6
Corporate costs	(72.7		)	(73.5		)	(69.0		)
Certain pension costs	(18.4		)	(15.9		)	(13.0		)
Total	$	473.2		$	456.7		$	414.0
Depreciation and Amortization
Catalysts Technologies	$	81.9		$	81.7		$	87.1
Materials Technologies	14.2			15.5			19.6
Corporate	4.2			3.6			4.8
Total	$	100.3		$	100.8		$	111.5
Capital Expenditures
Catalysts Technologies	$	114.6		$	150.3		$	100.9
Materials Technologies	68.8			56.1			20.9
Corporate	10.7			9.9			3.4
Total	$	194.1		$	216.3		$	125.2
Total Assets
Catalysts Technologies	$	2,556.1		$	2,326.6		$	1,757.1
Materials Technologies	430.3			375.9			326.8
Corporate	946.2			862.8			823.1
Total	$	3,932.6		$	3,565.3		$	2,907.0

Schedule of reconciliation of operating segment data to financial statements

Grace Adjusted EBIT for the years ended December 31, 2019, 2018, and 2017 is reconciled below to income (loss) before income taxes presented in the accompanying Consolidated Statements of Operations.



	Year Ended December 31,
(In millions)	2019			2018			2017
Grace Adjusted EBIT	$	473.2		$	456.7		$	414.0
Costs related to legacy product, environmental and other claims	(103.5		)	(82.3		)	(33.1		)
Pension MTM adjustment and other related costs, net	(85.9		)	15.2			(51.1		)
Restructuring and repositioning expenses	(13.7		)	(46.4		)	(26.7		)
Benefit plan adjustment	(5.0		)	—			—
Third-party acquisition-related costs	(3.6		)	(7.3		)	(2.9		)
Write-off of MTO inventory	(3.6		)	—			—
Amortization of acquired inventory fair value adjustment	—			(6.9		)	—
Loss on early extinguishment of debt	—			(4.8		)	—
Accounts receivable reserve—Venezuela	—			—			(10.0		)
Interest expense, net	(74.8		)	(78.5		)	(78.5		)
Net income (loss) attributable to noncontrolling interests	0.4			(0.8		)	(0.8		)
Income (loss) before income taxes	$	183.5		$	244.9		$	210.9

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.



	Year Ended December 31,
(In millions)	2019		2018		2017
Net Sales
United States	$	540.2	$	533.8	$	437.3
Canada	57.6		47.9		48.7
Total North America	597.8		581.7		486.0
Europe Middle East Africa	791.6		752.2		667.7
Asia Pacific	475.4		481.5		459.8
Latin America	93.3		116.7		103.0
Total	$	1,958.1	$	1,932.1	$	1,716.5
Long-Lived Assets(1)
United States	$	937.9	$	793.0	$	599.8
Canada	18.9		16.5		15.5
Total North America	956.8		809.5		615.3
Germany	228.2		172.5		142.2
Rest of Europe Middle East Africa	45.2		48.9		45.3
Total Europe Middle East Africa	273.4		221.4		187.5
Asia Pacific	80.3		72.9		21.1
Latin America	7.2		6.7		7.9
Total	$	1,317.7	$	1,110.5	$	831.8

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(1)

Long-lived assets include properties and equipment and the current asset related to a hydroprocessing catalyst plant to be transferred to ART upon completion. (See Note 19.)