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Segment Information
6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
Advanced
Engineered
Materials
 
Consumer
Specialties
 
Industrial
Specialties
 
Acetyl
Intermediates
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
Three Months Ended June 30, 2012
Net sales
323

 
327

(1) 
327

 
821

(1) 

 
(123
)
 
1,675

 
Other (charges) gains, net
(2
)
 
4

 

 
1

 
(6
)
 

 
(3
)
 
Operating profit (loss)
21

 
75

  
34

 
77

 
(43
)
 

 
164

 
Equity in net earnings (loss) of affiliates
55

 
1

  

 
2

 
4

 

 
62

 
Depreciation and amortization
28

 
11

  
13

 
19

 
4

 

 
75

 
Capital expenditures
10

 
18

  
8

 
44

 
3

 

 
83

(2) 
 
Three Months Ended June 30, 2011
Net sales
346

 
291

(1) 
329

 
914

(1) 

 
(127
)
 
1,753

  
Other (charges) gains, net
(16
)
 
(3
)
 

 
2

 
(1
)
 

 
(18
)
 
Operating profit (loss)
27

 
48

 
28

 
152

  
(46
)
 

 
209

 
Equity in net earnings (loss) of affiliates
39

 

  

 
1

  
6

 

 
46

 
Depreciation and amortization
20

 
13

  
12

 
25

 
2

 

 
72

 
Capital expenditures
20

 
22

  
12

 
25

  
2

 

 
81

(2) 
______________________________
(1) 
Net sales for Acetyl Intermediates and Consumer Specialties include inter-segment sales of $121 million and $2 million, respectively, for the three months ended June 30, 2012 and $126 million and $1 million, respectively, for the three months ended June 30, 2011.
(2) 
Excludes expenditures related to the relocation of the Company’s Ticona plant in Kelsterbach (Note 20) and includes an increase in accrued capital expenditures of $6 million and an increase of $7 million for the three months ended June 30, 2012 and 2011, respectively.
 
Advanced
Engineered
Materials
 
Consumer
Specialties
 
Industrial
Specialties
 
Acetyl
Intermediates
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
Six Months Ended June 30, 2012
Net sales
640

 
591

(1) 
636

 
1,673

(1) 

 
(232
)
 
3,308

 
Other (charges) gains, net
(2
)
 
3

 

 
1

 
(5
)
 

 
(3
)
 
Operating profit (loss)
42

 
114

  
53

 
137

 
(84
)
 

 
262

 
Equity in net earnings (loss) of affiliates
98

 
2

  

 
3

 
10

 

 
113

 
Depreciation and amortization
55

 
20

  
28

 
39

 
7

 

 
149

 
Capital expenditures
17

 
34

  
16

 
75

 
11

 

 
153

(2) 
 
As of June 30, 2012
Goodwill and intangibles, net
375

 
272

 
70

 
223

 

 

 
940

 
Total assets
2,675

 
1,278

 
989

 
2,124

 
1,713

 

 
8,779

 
 
Six Months Ended June 30, 2011
Net sales
674

 
557

(1) 
619

 
1,727

(1) 
1

 
(236
)
 
3,342

  
Other (charges) gains, net
(29
)
 
(4
)
 

 
20

 
(2
)
 

 
(15
)
 
Operating profit (loss)
65

 
102

 
53

 
264

  
(87
)
 

 
397

 
Equity in net earnings (loss) of affiliates
73

 
1

  

 
3

  
12

 

 
89

 
Depreciation and amortization
41

 
25

  
22

 
50

 
6

 

 
144

 
Capital expenditures
37

 
35

  
24

 
40

  
4

 

 
140

(2) 
 
As of December 31, 2011
Goodwill and intangibles, net
391

 
277

 
54

 
235

 

 

 
957

 
Total assets
2,787

 
1,154

 
901

 
2,035

 
1,641

 

 
8,518

 
______________________________
(1) 
Net sales for Acetyl Intermediates and Consumer Specialties include inter-segment sales of $229 million and $3 million, respectively, for the six months ended June 30, 2012 and $234 million and $2 million, respectively, for the six months ended June 30, 2011.
(2) 
Excludes expenditures related to the relocation of the Company’s Ticona plant in Kelsterbach (Note 20) and includes a decrease in accrued capital expenditures of $30 million and $11 million for the six months ended June 30, 2012 and 2011, respectively.