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Segment Information
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information 
Segment pre-tax operating income (loss) (PTOI) is defined as income (loss) from continuing operations before income taxes excluding non-operating pension and other postretirement employee benefit costs, exchange gains (losses), corporate expenses and interest. Effective July 1, 2015, certain corporate expenses will now be included in segment PTOI.  Reclassifications of prior year data have been made to conform to current year classifications. 
Three Months
Ended September 30,
Agriculture1
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Safety &
Protection
Other
Total
2015
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 

Net sales
$
1,093

 
$
532

 
$
305

 
$
810

 
$
1,302

 
$
831

 
$
—

 
$
4,873

PTOI
(63
)
5 
104

 
52

 
102

 
317

 
156

 
(88
)
 
580

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 

Net sales
$
1,563

 
$
620

 
$
314

 
$
899

 
$
1,531

 
$
976

 
$
2

 
$
5,905

PTOI
(56
)
 
90

 
42

 
99

 
366

4 
195

 
(50
)
 
686



Nine Months
Ended September 30,
Agriculture1
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Safety &
Protection
Other
Total
2015
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 

Net sales
$
8,248

 
$
1,577

 
$
870

 
$
2,449

 
$
4,021

 
$
2,663

 
$
3

 
$
19,831

PTOI
1,878

2,5 
283

2 
147

2 
284

2 
933

2 
635

2,6 
(215
)
2,7 
3,945

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 

 
 

 
 
 
 
 
 

 
 

 
 

 
 

Net sales
$
9,564

 
$
1,810

 
$
925

 
$
2,686

 
$
4,618

 
$
2,950

 
$
4

 
$
22,557

PTOI
2,171

3 
176

3 
146

3 
282

3 
1,303

3,4 
536

3 
(166
)
3 
4,448



1 
As of September 30, 2015, Agriculture net assets were $10,162, an increase of $3,467 from $6,695 at December 31, 2014. The increase was primarily due to higher trade receivables related to normal seasonality in the sales and cash collections cycle.
2 
Included $(2) net adjustment to the estimated costs associated with the 2014 restructuring program, recorded in employee separation / asset related charges, net. These adjustments were primarily due to the identification of additional projects in certain segments, offset by lower than estimated individual severance costs and workforce reductions achieved through non-severance programs. The adjustments impacted segment results for the nine months ended September 30, 2015 as follows: Agriculture - $(4) , Electronics & Communications - $11, Industrial Biosciences - $(1), Nutrition & Health - $(4), Performance Materials - $(2), and Safety & Protection $1, and Other - $(3). See Note 3 for additional information.
3 
Included a $(187) restructuring charge recorded in employee separation / asset related charges, net. The pre-tax charges by segment are: Agriculture -$(47) , Electronics & Communications -$(68) , Industrial Biosciences - $(2) , Nutrition & Health -$(8) , Performance Materials - $(29) , Safety & Protection - $(31), and Other - $(2). See Note 3 for additional information.
4 
Included a gain of $391 recorded in other income, net associated with the sale of GLS/Vinyls. See Note 2 for additional information.
5 
Included $147 and $182 of net insurance recoveries recorded in other operating charges for the three and nine months ended September 30, 2015, for recovery of costs for customer claims related to the use of the Imprelis® herbicide. See Note 10 for additional information.
6 
Included a gain of $112, net of legal expenses, recorded in other income, net related to the company’s settlement of a legal claim.
7 
Included a $(37) pre-tax impairment charge recorded in employee separation / asset related charges, net for a cost basis investment. See Note 3 for additional information.

Reconciliation to Consolidated Income Statements 
 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2015
2014
2015
2014
Total segment PTOI
$
580

$
686

$
3,945

$
4,448

Non-operating pension and other postretirement employee benefit costs
(115
)
(32
)
(288
)
(96
)
Net exchange (losses) gains1
(36
)
250

54

44

Corporate expenses2
(120
)
(177
)
(439
)
(617
)
Interest expense3
(82
)
(93
)
(260
)
(290
)
Income from continuing operations before income taxes
$
227

$
634

$
3,012

$
3,489



1 
Included a charge of $(40) associated with remeasuring the company's Ukrainian hryvnia net monetary assets in the nine months ended September 30, 2015, as well as a charge of $(58) associated with remeasuring the company's Venezuelan net monetary assets from the official exchange rate to the SICAD II exchange system in the nine months ended September 30, 2014, which were recorded in other income, net in the company's interim Consolidated Income Statements. See Note 4 for additional information.
2 
Included transaction costs associated with the separation of the Performance Chemicals segment of $(9) and $(10) in the three months ended September 30, 2015 and 2014, respectively, and $(26) and $(17) in the nine months ended September 30, 2015 and 2014, respectively, which were recorded in other operating charges in the company's interim Consolidated Income Statements.
3 
Included transaction costs of $(20) in the nine months ended September 30, 2015, associated with the early retirement of debt exchanged for the notes received from Chemours in May 2015.