Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

Business Segments

The Company operates through business segments according to the nature and economic characteristics of its products as well as the manner in which the information is used internally by the Company's key decision maker, who is the Company's Chief Executive Officer.

The Company's business segments are as follows:

• Advanced Engineered Materials

The Company's Advanced Engineered Materials segment includes the engineered materials business and certain strategic affiliates. The engineered materials business develops, produces and supplies a broad portfolio of high performance specialty polymers for application in automotive and medical applications as well as industrial products and consumer electronics. Together with its strategic affiliates, the Company's engineered materials business is a leading participant in the global specialty polymers industry. The primary products of Advanced Engineered Materials are used in a broad range of end-use products including fuel system components, automotive safety systems, medical applications, electronics, appliances, industrial products, battery separators, conveyor belts, filtration equipment, coatings, and electrical applications and products.

• Consumer Specialties

The Company's Consumer Specialties segment includes the cellulose derivatives and food ingredients businesses, which serve consumer-driven applications. These operating segments are aggregated by the Company into one reportable segment based on similar economic characteristics and similar production processes, classes of customers and selling and distribution practices. The Company's cellulose derivatives business is a leading global producer and supplier of acetate flake, acetate film and acetate tow, primarily used in filtration applications. The Company's food ingredients business is a leading global supplier of premium quality ingredients for the food and beverage and pharmaceuticals industries and is a leading producer of food protection ingredients, such as potassium sorbate and sorbic acid. The Company's food ingredients business produces and sells the Qorus^® sweetener system and Sunett^® high intensity sweeteners.

• Industrial Specialties

The Company's Industrial Specialties segment includes the emulsion polymers and EVA polymers businesses, which are operating segments aggregated by the Company into one reportable segment based on similar products, production processes, classes of customers and selling and distribution practices as well as economic similarities over a normal business cycle. The Company's emulsion polymers business is a leading global producer of vinyl acetate-based emulsions and develops products and application technologies to improve performance, create value and drive innovation in applications such as paints and coatings, adhesives, construction, glass fiber, textiles and paper. The Company's EVA polymers business is a leading North American manufacturer of a full range of specialty ethylene vinyl acetate resins and compounds as well as select grades of low-density polyethylene. The Company's EVA polymers' products are used in many applications including flexible packaging films, lamination film products, hot melt adhesives, medical, automotive parts and carpeting.

• Acetyl Intermediates

The Company's Acetyl Intermediates segment includes the intermediate chemistry business, which produces and supplies acetyl products, including acetic acid, vinyl acetate monomer, acetic anhydride and acetate esters. These products are generally used as starting materials for colorants, paints, adhesives, coatings and medicines. The Acetyl Intermediates segment also produces organic solvents and intermediates for pharmaceutical, agricultural and chemical products.

• Other Activities

Other Activities primarily consists of corporate center costs, including administrative activities such as finance, information technology and human resource functions, interest income and expense associated with financing activities and results of the Company's captive insurance companies. Other Activities also includes the components of net periodic benefit cost (interest cost, expected return on assets and net actuarial gains and losses) for the Company's defined benefit pension plans and other postretirement plans not allocated to the Company's business segments.

The business segment management reporting and controlling systems are based on the same accounting policies as those described in the summary of significant accounting policies (Note 2).

Sales transactions between business segments are generally recorded at values that approximate third-party selling prices.

	Advanced Engineered Materials		Consumer Specialties			Industrial Specialties		Acetyl Intermediates			Other Activities		Eliminations		Consolidated
	(In $ millions)
	Year Ended December 31, 2015
Net sales	1,326		969		(1)	1,082		2,744		(2)	—		(447	)	5,674
Other (charges) gains, net	(7	)	(25	)		(10	)	(300	)		(9	)	—		(351	)
Operating profit (loss)	235		262			72		(3	)		(240	)	—		326
Equity in net earnings (loss) of affiliates	150		2			—		6			23		—		181
Depreciation and amortization	99		60			64		123		(3)	11		—		357
Capital expenditures	73		65			56		282			7		—		483		(4)
	As of December 31, 2015
Goodwill and intangible assets, net	338		249			49		194			—		—		830
Total assets	2,324		1,458			747		2,387			1,670		—		8,586
	Year Ended December 31, 2014
Net sales	1,459		1,160		(1)	1,224		3,493		(2)	—		(534	)	6,802
Other (charges) gains, net	(1	)	16			(1	)	(3	)		4		—		15
Operating profit (loss)	221		388			76		558			(485	)	—		758
Equity in net earnings (loss) of affiliates	161		9			—		20			56		—		246
Depreciation and amortization	106		43			50		81			12		—		292
Capital expenditures	65		103			29		478			6		—		681		(4)
	As of December 31, 2014
Goodwill and intangible assets, net	358		261			54		208			—		—		881
Total assets	2,484		1,491			823		2,495			1,503		—		8,796
	Year Ended December 31, 2013
Net sales	1,352		1,214		(1)	1,155		3,241		(2)	—		(452	)	6,510
Other (charges) gains, net	(13	)	—			(4	)	(141	)		—		—		(158	)
Operating profit (loss)	904		346			64		153			41		—		1,508
Equity in net earnings (loss) of affiliates	148		3			—		5			24		—		180
Depreciation and amortization	110		41			52		86			16		—		305
Capital expenditures	67		116			33		184			8		—		408		(5)

______________________________

⁽¹⁾  Includes intersegment sales of $0 million, $2 million and $4 million for the years ended December 31, 2015, 2014 and 2013, respectively.

⁽²⁾  Includes intersegment sales of $447 million, $532 million and $448 million for the years ended December 31, 2015, 2014 and 2013, respectively.

⁽³⁾  See Note 4 - Acquisitions, Dispositions and Plant Closures for further information.

⁽⁴⁾  Includes a decrease in accrued capital expenditures of $37 million and an increase of $3 million for the years ended December 31, 2015 and 2014, respectively.

⁽⁵⁾  Excludes expenditures related to the relocation of the Company's POM operations in Germany (Note 4) and includes an increase in accrued capital expenditures of $38 million for the year ended December 31, 2013.

Geographical Area Information

The net sales based on the geographic location of the Company's facilities are as follows:

	Year Ended December 31,
	2015	2014	2013
	(In $ millions)
Belgium	417	480	525
Canada	162	204	249
China	800	996	863
Germany	1,779	2,156	2,049
Mexico	204	259	256
Singapore	703	632	578
US	1,463	1,899	1,808
Other	146	176	182
Total	5,674	6,802	6,510

Property, plant and equipment, net based on the geographic location of the Company's facilities is as follows:

	As of December 31,
	2015	2014
	(In $ millions)
Belgium	56	66
Canada	137	138
China	417	593
Germany	931	1,084
Mexico	156	151
Singapore	68	50
US	1,774	1,563
Other	70	88
Total	3,609	3,733