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Segment Information
9 Months Ended
Sep. 30, 2015
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 September 30, 2015
 
Net sales
326

 
247

(1) 
274

 
680

(2) 
—

 
(114
)
 
1,413

 
Other (charges) gains, net (Note 12)
(2
)
 
—

 
—

 
—

 
(2
)
 
—

 
(4
)
 
Operating profit (loss)
58

 
77

 
19

 
54

 
(22
)
 
—

 
186

 
Equity in net earnings (loss) of affiliates
43

 
1

 
—

 
2

 
4

 
—

 
50

 
Depreciation and amortization
26

 
15

 
20

 
17

 
2

 
—

 
80

 
Capital expenditures
17

 
13

 
13

 
52

 
2

 
—

 
97

(3) 
 
Three Months Ended September 30, 2014
 
Net sales
366

 
291

(1) 
314

 
937

(2) 
—

 
(139
)
 
1,769

 
Other (charges) gains, net (Note 12)
—

 
16

 
(1
)
 
5

 
—

 
—

 
20

 
Operating profit (loss)
51

 
105

 
16

 
174

 
(36
)
 
—

 
310

 
Equity in net earnings (loss) of affiliates
43

 
—

 
—

 
2

 
7

 
—

 
52

 
Depreciation and amortization
27

 
11

 
12

 
21

 
2

 
—

 
73

 
Capital expenditures
23

 
22

 
7

 
150

 
1

 
—

 
203

(3) 
______________________________
(1) 
Net sales for Consumer Specialties includes intersegment sales of $0 million and $2 million for the three months ended September 30, 2015 and 2014, respectively.
(2) 
Net sales for Acetyl Intermediates includes intersegment sales of $114 million and $137 million for the three months ended September 30, 2015 and 2014, respectively.
(3) 
Includes a decrease in accrued capital expenditures of $7 million and an increase of $12 million for the three months ended September 30, 2015 and 2014, respectively.
 
Advanced
Engineered
Materials
 
Consumer
Specialties
 
Industrial
Specialties
 
Acetyl
Intermediates
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
 
Nine Months Ended September 30, 2015
 
Net sales
1,015

 
723

(1) 
843

 
2,100

(2) 
—

 
(341
)
 
4,340

 
Other (charges) gains, net (Note 12)
(6
)
 
(1
)
 
(2
)
 
(2
)
 
(8
)
 
—

 
(19
)
 
Operating profit (loss)
184

 
216

 
76

 
239

 
(84
)
 
—

 
631

 
Equity in net earnings (loss) of affiliates
117

 
2


—

 
4

 
15

 
—

 
138

 
Depreciation and amortization
75

 
38

 
39

 
93

(4) 
7

 
—

 
252

 
Capital expenditures
50

 
50


32

 
260


4

 
—

 
396

(3) 
 
As of September 30, 2015
 
Goodwill and intangible assets, net
343

 
253

 
49

 
193

 
—

 
—

 
838

 
Total assets
2,523

 
1,290

 
874

 
2,658

 
1,563

 
—

 
8,908

 
 
Nine Months Ended September 30, 2014
 
Net sales
1,128

 
882

(1) 
959

 
2,679

(2) 
—

 
(405
)
 
5,243

 
Other (charges) gains, net (Note 12)
(1
)
 
16

 
(1
)
 
7

 
—

 
—

 
21

 
Operating profit (loss)
164

 
284

 
60

 
413

 
(109
)
 
—

 
812

 
Equity in net earnings (loss) of affiliates
121

 
8

 
—

 
17

 
47

 
—

 
193

 
Depreciation and amortization
80

 
32

 
38

 
61

 
9

 
—

 
220

 
Capital expenditures
43

 
72


17

 
316


4

 
—

 
452

(3) 
 
As of December 31, 2014
 
Goodwill and intangible assets, net
358

 
261

 
54

 
208

 
—

 
—

 
881

 
Total assets
2,484

 
1,491

 
823

 
2,495

 
1,525

 
—

 
8,818

 
______________________________
(1) 
Net sales for Consumer Specialties includes intersegment sales of $0 million and $2 million for the nine months ended September 30, 2015 and 2014, respectively.
(2) 
Net sales for Acetyl Intermediates includes intersegment sales of $341 million and $403 million for the nine months ended September 30, 2015 and 2014, respectively.
(3) 
Includes a decrease in accrued capital expenditures of $35 million and $12 million for the nine months ended September 30, 2015 and 2014, respectively.
(4) 
See Note 12 - Other (Charges) Gains, Net for further information.