ACQUISITIONS AND DIVESTITURES (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of assets and liabilities of discontinued operations related to Antioxidant business

(In millions)	March 31, 2013		December 31, 2012
Cash and cash equivalents	$	1	$	2
Accounts receivable	59		61
Inventories	75		78
Other current assets	3		4
Property, plant and equipment	44		44
Intangible assets, net	14		14
Other assets	32		31
Assets of discontinued operations	$	228	$	234

Accounts payable	$	28	$	29
Accrued expenses	5		4
Income taxes payable	—		1
Pension and post-retirement health care liabilities	80		80
Other liabilities	10		11
Liabilities of discontinued operations	$	123	$	125

Schedule of loss from discontinued operations

	Quarters ended March 31,
(In millions)	2013			2012

Net sales	$	90		$	90
Pre-tax loss from discontinued operations	$	(2	)	$	—
Income tax benefit	—			—
Loss from discontinued operations, net of taxes	$	(2	)	$	—

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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