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(Tables)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Accounting Changes and Error Corrections [Abstract]      
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
Unaudited Consolidated Statement of Income
 
Year ended December 31, 2013
 
Previous
Effect of
 
 
Accounting Method
Accounting
Change
As
Reported
Manufacturing cost of sales
$
1,329.3

$
(46.2
)
$
1,283.1

Selling and technical services
155.2

(8.6
)
146.6

Research and process development
53.3

(4.3
)
49.0

Administrative and general
132.9

(6.4
)
126.5

Earnings from operations
243.9

65.5

309.4

Other (expense) income, net
(8.7
)
1.3

(7.4
)
Earnings from continuing operations before income taxes
177.2

66.8

244.0

Income tax provision
46.7

25.6

72.3

Earnings from continuing operations
130.5

41.2

171.7

Earnings (loss) from discontinued operations, net of tax
(2.1
)
4.3

2.2

Net earnings
128.4

45.5

173.9

Net earnings attributable to Cytec Industries Inc.
128.0

45.5

173.5

 
 
 
 
Comprehensive income
$
119.5

$
(5.8
)
$
113.7

Comprehensive income attributable to Cytec Industries Inc.
119.3

(5.8
)
113.5

 
 
 
 
Basic earnings (loss) per common share
 
 
 
Continuing operations
$
3.31

$
1.05

$
4.36

Discontinued operations (net of noncontrolling interests)
(0.06
)
0.10

0.04

 
$
3.25

$
1.15

$
4.40

Diluted earnings (loss) per common share
 
 
 
Continuing operations
$
3.25

$
1.02

$
4.27

Discontinued operations (net of noncontrolling interests)
(0.06
)
0.10

0.04

 
$
3.19

$
1.12

$
4.31


Earnings from operations for the year ended December 31, 2013, includes a net benefit of $27.4 for MTM adjustments, consisting of the fourth quarter 2013 MTM adjustment, the portion deferred in inventory from the fourth quarter 2012 MTM adjustment, and the remeasurement of two of our U.S. plans triggered by the curtailment of the plans resulting from the Coatings business divestiture on April 3, 2013.
Unaudited Consolidated Statement of Income
 
Year ended December 31, 2012
 
As Previously
Effect of
 
 
Reported
Accounting Change
Revised
Manufacturing cost of sales
$
1,181.5

$
21.4

$
1,202.9

Selling and technical services
147.8

5.5

153.3

Research and process development
52.9

1.1

54.0

Administrative and general
136.6

3.4

140.0

Earnings from operations
163.6

(31.4
)
132.2

Other (expense) income, net
(1.7
)
3.2

1.5

Earnings from continuing operations before income taxes
131.4

(28.2
)
103.2

Income tax provision
37.3

(9.8
)
27.5

Earnings from continuing operations
94.1

(18.4
)
75.7

Earnings from discontinued operations, net of tax
96.0

5.3

101.3

Net earnings
190.1

(13.1
)
177.0

Net earnings attributable to Cytec Industries Inc.
188.0

(13.1
)
174.9

 
 
 
 
Comprehensive income
$
191.0

$
(8.2
)
$
182.8

Comprehensive income attributable to Cytec Industries Inc.
189.4

(8.2
)
181.2

 
 
 
 
Basic earnings per common share
 
 
 
Continuing operations
$
2.04

$
(0.40
)
$
1.64

Discontinued operations (net of noncontrolling interests)
2.04

0.12

2.16

 
$
4.08

$
(0.28
)
$
3.80

Diluted earnings per common share
 
 
 
Continuing operations
$
2.01

$
(0.39
)
$
1.62

Discontinued operations (net of noncontrolling interests)
2.01

0.11

2.12

 
$
4.02

$
(0.28
)
$
3.74


Earnings from operations for the year ended December 31, 2012, includes charges of $55.5 for MTM adjustments, consisting of the 2012 fourth quarter MTM adjustment and the portion deferred in inventory from the fourth quarter 2011 MTM adjustment.
Unaudited Consolidated Statement of Income
 
Year ended December 31, 2011
 
As Previously
Effect of
 
 
Reported
Accounting Change
Revised
Manufacturing cost of sales
$
992.2

$
35.8

$
1,028.0

Selling and technical services
127.2

5.4

132.6

Research and process development
45.0

2.5

47.5

Administrative and general
96.1

4.0

100.1

Earnings from operations
155.5

(47.7
)
107.8

Other (expense) income, net
(5.1
)
1.2

(3.9
)
Earnings from continuing operations before income taxes
114.3

(46.5
)
67.8

Income tax provision
28.3

(18.0
)
10.3

Earnings from continuing operations
86.0

(28.5
)
57.5

Earnings from discontinued operations, net of tax
124.9

6.6

131.5

Net earnings
210.9

(21.9
)
189.0

Net earnings attributable to Cytec Industries Inc.
207.8

(21.9
)
185.9

 
 
 
 
Comprehensive income
$
158.9

$
2.2

$
161.1

Comprehensive income attributable to Cytec Industries Inc.
155.7

2.2

157.9

 
 
 
 
Basic earnings per common share
 
 
 
Continuing operations
$
1.78

$
(0.59
)
$
1.19

Discontinued operations (net of noncontrolling interests)
2.51

0.14

2.65

 
$
4.29

$
(0.45
)
$
3.84

Diluted earnings per common share
 
 
 
Continuing operations
$
1.75

$
(0.58
)
$
1.17

Discontinued operations (net of noncontrolling interests)
2.49

0.13

2.62

 
$
4.24

$
(0.45
)
$
3.79


Earnings from operations for the year ended December 31, 2011, includes net charges of $60.5 for MTM adjustments, consisting of the fourth quarter of 2011 MTM adjustment, the portion of our fourth quarter of 2010 MTM adjustment that was deferred in inventory at the end of 2010, and an MTM adjustment triggered by the sale of our former Building Block Chemicals business in 2011.