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Segment Information
6 Months Ended
Jun. 30, 2016
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, 2016
 
Net sales
365

 
235

 
262

(1) 
592

(1) 
—

 
(103
)
 
1,351

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

 
(2
)
 
(1
)
 
—

 
—

 
(4
)
 
Operating profit (loss)
82

 
80

 
29

 
77

 
(26
)
 
1

 
243

 
Equity in net earnings (loss) of affiliates
27

 
—

 
—

 
2

 
6

 
—

 
35

 
Depreciation and amortization
25

 
11

 
8

 
27

 
2

 
—

 
73

 
Capital expenditures
19

 
9

 
12

 
14

 
2

 
—

 
56

(2) 
 
Three Months Ended June 30, 2015
 
Net sales
346

 
249


287

(1) 
707

(1) 
—

 
(112
)
 
1,477

 
Other (charges) gains, net (Note 12)
(3
)
 
(1
)
 
(1
)
 
(1
)
 
(4
)
 
—

 
(10
)
 
Operating profit (loss)
67

 
77

 
28

 
54

 
(38
)
 
—

 
188

 
Equity in net earnings (loss) of affiliates
31

 
1

 
—

 
1

 
7

 
—

 
40

 
Depreciation and amortization
24

 
12

 
9

 
57

(3) 
3

 
—

 
105

 
Capital expenditures
16

 
11

 
13

 
112

 
1

 
—

 
153

(2) 
______________________________
(1) 
Net sales for Acetyl Intermediates and Industrial Specialties include intersegment sales of $102 million and $1 million, respectively, for the three months ended June 30, 2016 and $112 million and $0 million, respectively, for the three months ended June 30, 2015.
(2) 
Includes a decrease in accrued capital expenditures of $2 million and $12 million for the three months ended June 30, 2016 and 2015, respectively.
(3) 
See Note 12 - Other (Charges) Gains, Net for further information.
 
Advanced
Engineered
Materials
 
Consumer
Specialties
 
Industrial
Specialties
 
Acetyl
Intermediates
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
 
Six Months Ended June 30, 2016
 
Net sales
715

 
479

 
515

(1) 
1,255

(1) 
—

 
(209
)
 
2,755

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

 
(3
)
 
(1
)
 
(3
)
 
—

 
(9
)
 
Operating profit (loss)
170

 
158

 
60

 
191

 
(50
)
 
1

 
530

 
Equity in net earnings (loss) of affiliates
58

 
1


—

 
3

 
11

 
—

 
73

 
Depreciation and amortization
49

 
22

 
16

 
54

 
5

 
—

 
146

 
Capital expenditures
38

 
18


30

 
23


5

 
—

 
114

(2) 
 
As of June 30, 2016
 
Goodwill and intangible assets, net
341

 
249

 
48

 
194

 
—

 
—

 
832

 
Total assets
2,429

 
1,445

 
738

 
2,321

 
1,315

 
—

 
8,248

 
 
Six Months Ended June 30, 2015
 
Net sales
689

 
476


569

(1) 
1,420

(1) 
—

 
(227
)
 
2,927

 
Other (charges) gains, net (Note 12)
(4
)
 
(1
)
 
(2
)
 
(2
)
 
(6
)
 
—

 
(15
)
 
Operating profit (loss)
126

 
139

 
57

 
185

 
(62
)
 
—

 
445

 
Equity in net earnings (loss) of affiliates
74

 
1

 
—

 
2

 
11

 
—

 
88

 
Depreciation and amortization
49

 
23

 
19

 
76

(3) 
5

 
—

 
172

 
Capital expenditures
33

 
37


19

 
208


2

 
—

 
299

(2) 
 
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

 
______________________________
(1) 
Net sales for Acetyl Intermediates and Industrial Specialties include intersegment sales of $208 million and $1 million, respectively, for the six months ended June 30, 2016 and $227 million and $0 million, respectively, for the six months ended June 30, 2015.
(2) 
Includes a decrease in accrued capital expenditures of $14 million and $28 million for the six months ended June 30, 2016 and 2015, respectively.
(3) 
See Note 12 - Other (Charges) Gains, Net for further information.