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Segment Information
9 Months Ended
Sep. 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 September 30, 2016
 
Net sales
365

 
225

 
245

(1) 
589

(1) 

 
(101
)
 
1,323

 
Other (charges) gains, net (Note 12)

 
(1
)
 

 
(1
)
 
(1
)
 

 
(3
)
 
Operating profit (loss)
93

 
68

 
25

 
83

 
(23
)
 

 
246

 
Equity in net earnings (loss) of affiliates
33

 
1

 

 
1

 
6

 

 
41

 
Depreciation and amortization
22

 
12

 
9

 
27

 
2

 

 
72

 
Capital expenditures
14

 
11

 
15

 
17

 
3

 

 
60

(2) 
 
Three Months Ended September 30, 2015
 
Net sales
326

 
247


274

(1) 
680

(1) 

 
(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

(2) 
______________________________
(1) 
Net sales for Acetyl Intermediates and Industrial Specialties include intersegment sales of $100 million and $1 million, respectively, for the three months ended September 30, 2016 and $114 million and $0 million, respectively, for the three months ended September 30, 2015.
(2) 
Includes an increase in accrued capital expenditures of $2 million and a decrease of $7 million for the three months ended September 30, 2016 and 2015, respectively.
 
Advanced
Engineered
Materials
 
Consumer
Specialties
 
Industrial
Specialties
 
Acetyl
Intermediates
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
 
Nine Months Ended September 30, 2016
 
Net sales
1,080

 
704

 
760

(1) 
1,844

(1) 

 
(310
)
 
4,078

 
Other (charges) gains, net (Note 12)
(2
)
 
(1
)
 
(3
)
 
(2
)
 
(4
)
 

 
(12
)
 
Operating profit (loss)
263

 
226

 
85

 
274

 
(73
)
 
1

 
776

 
Equity in net earnings (loss) of affiliates
91

 
2



 
4

 
17

 

 
114

 
Depreciation and amortization
71

 
34

 
25

 
81

 
7

 

 
218

 
Capital expenditures
52

 
29


45

 
40


8

 

 
174

(2) 
 
As of September 30, 2016
 
Goodwill and intangible assets, net
340

 
250

 
47

 
194

 

 

 
831

 
Total assets
2,476

 
1,475

 
790

 
2,431

 
1,585

 

 
8,757

 
 
Nine Months Ended September 30, 2015
 
Net sales
1,015

 
723


843

(1) 
2,100

(1) 

 
(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

(3) 
93

(3) 
7

 

 
252

 
Capital expenditures
50

 
50


32

 
260


4

 

 
396

(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 $308 million and $2 million, respectively, for the nine months ended September 30, 2016 and $341 million and $0 million, respectively, for the nine months ended September 30, 2015.
(2) 
Includes a decrease in accrued capital expenditures of $12 million and $35 million for the nine months ended September 30, 2016 and 2015, respectively.
(3) 
See Note 12 - Other (Charges) Gains, Net for further information.