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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Years Ended December 31,
In millions202120202019
Net sales
Performance Materials$516.8 $510.0 $490.6 
Performance Chemicals874.7 706.1 802.3 
Total net sales (1)
$1,391.5 $1,216.1 $1,292.9 
Segment EBITDA (2)
Performance Materials$249.4 $249.2 $213.4 
Performance Chemicals172.8 148.7 183.5 
Total Segment EBITDA (2)
$422.2 $397.9 $396.9 
Interest expense(51.7)(47.1)(54.6)
Interest income4.0 4.9 7.7 
(Provision) benefit for income taxes(44.7)(53.7)(44.2)
Depreciation and amortization - Performance Materials(36.8)(31.2)(24.2)
Depreciation and amortization - Performance Chemicals(73.1)(69.0)(60.8)
Pension and postretirement settlement and curtailment (charges) income, net (3)
— (0.1)— 
Restructuring and other income (charges), net (4)
(16.2)(18.5)(1.8)
Acquisition and other-related costs (5)
(0.6)(1.8)(35.3)
Litigation verdict charge (6)
(85.0)— — 
Net income (loss)$118.1 $181.4 $183.7 
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(1) Relates to external customers only, all intersegment sales and related profit have been eliminated in consolidation.
(2) Segment EBITDA is the primary measure used by our chief operating decision maker to evaluate the performance of and allocate resources among our operating segments. Segment EBITDA is defined as segment revenue less segment operating expenses (segment operating expenses consist of costs of sales, selling, general and administrative expenses, other (income) expense, net, excluding depreciation and amortization). We have excluded the following items from segment EBITDA: interest expense, net, associated with corporate debt facilities, income taxes, depreciation, amortization, restructuring and other (income) charges, net, acquisition and other-related costs, litigation verdict charges, pension and postretirement settlement and curtailment (income) charges, net.
(3) For the year ended December 31, 2020, all charges relate to the Performance Materials segment. Our pension and postretirement settlement and curtailment charges (income) are related to the acceleration of prior service costs, as a result of a reduction in the number of participants within the Union Hourly defined benefit pension plan during 2020. These are excluded from our segment results because we consider these costs to be outside our operational performance. We continue to include the service cost, amortization of prior service cost, interest costs, expected return on plan assets, and amortized actual gains and losses in our segment EBITDA.
(4) For the year ended December, 31, 2021, charges of $6.0 million and $10.2 million relate to the Performance Materials segment and Performance Chemicals segment, respectively. For the year ended December, 31, 2020, charges of $7.4 million and $11.1 million relate to the Performance Materials segment and Performance Chemicals segment, respectively. For the year end December 31, 2019, all income (charges) relate to the Performance Chemicals segment. Information about how restructuring and other (income) charges relate to our reporting segments is discussed in Note 15.
(5) For the year ended December 31, 2021, $(0.2) million relate to the acquisition of a strategic investment in the Performance Materials segment and $(0.4) million relate to the integration of the Caprolactone Acquisition into our Performance Chemicals segment. For additional information on the charges associated with the Caprolactone Acquisition see Note 16 within these Consolidated Financial Statements.
(6) For the year ended December 31, 2021, litigation verdict charge relates to the Performance Materials segment. Refer to Note 18 for additional information.
Net Sales to External Customers by Product Line
Depreciation and amortizationCapital expenditures
Years Ended December 31,Years Ended December 31,
In millions202120202019202120202019
Performance Materials$36.8 $31.2 $24.2 $46.2 $30.6 $77.6 
Performance Chemicals73.1 69.0 60.8 57.6 51.5 37.2 
Total$109.9 $100.2 $85.0 $103.8 $82.1 $114.8 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Property, plant, and equipment, netDecember 31,
In millions20212020
North America$551.1 $536.6 
Asia Pacific75.0 77.0 
Europe, Middle East, and Africa93.5 89.9 
South America0.1 0.1 
Property, plant, and equipment, net$719.7 $703.6 

Total assets December 31,
In millions20212020
Performance Materials$473.6 $751.4 
Performance Chemicals1,930.4 1,534.0 
Total segment assets (1)
$2,404.0 $2,285.4 
Corporate and other65.0 49.1 
Total assets$2,469.0 $2,334.5 
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(1) Segment assets exclude assets not specifically managed as part of one specific segment herein referred to as "Corporate and other."