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Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Information [Abstract]  
Segment Information
Segment Information
 
In view of the company's expanded business portfolio following the Danisco acquisition, two new reportable segments have been added: Industrial Biosciences and Nutrition & Health. The Industrial Biosciences segment includes Danisco's enzyme business and the DuPont Sorona® renewably sourced polymer and Bio-PDOTM businesses, previously reported in Other. The new Nutrition & Health segment contains Danisco's food ingredients business and DuPont's Nutrition & Health business, previously reported as part of the Agriculture & Nutrition segment. The former Agriculture & Nutrition segment, now renamed Agriculture, includes the Pioneer and Crop Protection businesses. In summary, the company has 14 businesses, aggregated into nine reportable segments based on similar economic characteristics, the nature of the products and production processes, end-use markets, channels of distribution and regulatory environment. The company continues to include certain embryonic businesses not included in the reportable segments, such as pre-commercial programs, and nonaligned businesses in Other.


Segment sales include transfers to another business segment. Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. Segment pre-tax operating income (loss) (PTOI) is defined as operating income (loss) before income taxes, exchange gains (losses), corporate expenses and interest. Prior year's data have been reclassified to reflect the current organizational structure.
Three Months Ended June 30,
 
Agriculture2
 
Electronics &
Communications
 
Industrial Biosciences3
 
Nutrition & Health4
 
Performance
Chemicals
 
Performance
Coatings
 
Performance
Materials
 
Safety &
Protection
 
Pharm-aceuticals
 
Other
 
Total1
2011
 
 


 
 


 
 
 
 
 
 


 
 


 
 


 
 


 
 


 
 


 
 


Segment sales
 
$
2,997


 
$
891


 
$
123


 
$
486


 
$
1,995


 
$
1,105


 
$
1,745


 
$
1,025


 
$
—


 
$
1


 
$
10,368


Less transfers
 
—


 
(5
)
 
(1
)
 
—


 
(69
)
 
—


 
(26
)
 
(3
)
 
—


 
—


 
(104
)
Net sales
 
2,997


 
886


 
122


 
486


 
1,926


 
1,105


 
1,719


 
1,022


 
—


 
1


 
10,264


PTOI
 
826


 
103


 
(7
)
5 
5


5 
503


 
73


 
254


 
143


 
80


 
(37
)
 
1,943


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
 
 


 
 


 
 
 
 
 
 


 
 


 
 


 
 


 
 


 
 


 
 


Segment sales
 
$
2,733


 
$
657


 
$
—


 
$
297


 
$
1,569


 
$
962


 
$
1,576


 
$
845


 
$
—


 
$
57


 
$
8,696


Less transfers
 
(1
)
 
(4
)
 
—


 
—


 
(54
)
 
—


 
(18
)
 
(3
)
 
—


 
—


 
(80
)
Net sales
 
2,732


 
653


 
—


 
297


 
1,515


 
962


 
1,558


 
842


 
—


 
57


 
8,616


PTOI
 
746


 
108


 
—


 
16


 
274


 
75


 
261


 
121


 
70


 
(16
)
 
1,655


Six Months Ended June 30,
 
Agriculture2
 
Electronics &
Communications
 
Industrial Biosciences3
 
Nutrition & Health4
 
Performance
Chemicals
 
Performance
Coatings
 
Performance
Materials
 
Safety &
Protection
 
Pharm-aceuticals
 
Other
 
Total1
2011
 
 


 
 


 
 
 
 
 
 


 
 


 
 


 
 


 
 


 
 


 
 


Segment sales
 
$
6,501


 
$
1,702


 
$
123


 
$
810


 
$
3,792


 
$
2,098


 
$
3,452


 
$
1,990


 
$
—


 
$
37


 
$
20,505


Less transfers
 
—


 
(10
)
 
(1
)
 
—


 
(136
)
 
—


 
(54
)
 
(6
)
 
—


 
—


 
(207
)
Net sales
 
6,501


 
1,692


 
122


 
810


 
3,656


 
2,098


 
3,398


 
1,984


 
—


 
37


 
20,298


PTOI
 
1,937


 
214


 
(7
)
5 
30


5 
897


 
138


 
542


 
288


 
130


 
(101
)
 
4,068


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
 
 


 
 


 
 
 
 
 
 


 
 


 
 


 
 


 
 


 
 


 
 


Segment sales
 
$
5,674


 
$
1,288


 
$
—


 
$
598


 
$
2,983


 
$
1,864


 
$
3,110


 
$
1,634


 
$
—


 
$
105


 
$
17,256


Less transfers
 
(1
)
 
(8
)
 
—


 
—


 
(104
)
 
(1
)
 
(37
)
 
(5
)
 
—


 
—


 
(156
)
Net sales
 
5,673


 
1,280


 
—


 
598


 
2,879


 
1,863


 
3,073


 
1,629


 
—


 
105


 
17,100


PTOI
 
1,669


 
213


 
—


 
34


 
464


 
120


 
491


 
223


 
291


 
(47
)
 
3,458


_______________________________
1                A reconciliation of total segment PTOI to income before income taxes is as follows: 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2011
 
2010
 
2011
 
2010
Total segment PTOI
$
1,943


 
$
1,655


 
$
4,068


 
$
3,458


Net exchange gains (losses), including affiliates
4


 
105


 
(139
)
 
135


Corporate expenses and net interest
(358
)
 
(192
)
 
(638
)
 
(438
)
Income before income taxes
$
1,589


 
$
1,568


 
$
3,291


 
$
3,155




 
2    As of June 30, 2011, Agriculture net assets were $8,298, an increase of $3,371 from $4,927 at December 31, 2010. The increase was primarily due to higher trade receivables due to normal seasonality in the sales and cash collections cycle.
3    As of June 30, 2011, Industrial Biosciences net assets were $2,676 compared to $0 at December 31, 2010, due to the Danisco acquisition.
4    As of June 30, 2011, Nutrition & Health net assets were $6,742, an increase of $5,792 from $950 at December 31, 2010. The increase was primarily due to the Danisco acquisition.
5    Included a $(50) charge for transaction related costs and the fair value step-up of inventories that were acquired as part of the Danisco transaction, which impacted the segments as follows: Industrial Biosciences - $(17) and Nutrition & Health - $(33).