OPERATIONS BY SEGMENT AND GEOGRAPHIC AREAS AND IDENTIFIABLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2012

Selected Information in Relation to Continuing Operations

Following is selected information in relation to our continuing operations for the periods indicated as revised for all periods presented in accordance with our business segment structure:


	Aerospace Materials			Industrial Materials			In Process Separation			Additive Technologies			Total Segments
2012
Net sales to external customers	$	877.1		$	176.4		$	384.2		$	270.4		$	1,708.1
Intersegment net sales		0.0			0.0			0.0			0.8			0.8

Total net sales	$	877.1		$	176.4		$	384.2		$	271.2		$	1,708.9
Earnings from operations	$	155.6		$	10.7		$	91.8		$	37.9		$	296.0
Percentage of sales		17.7	%		6.0	%		23.9	%		14.0	%		17.3	%
Total assets	$	1,016.6		$	520.5		$	369.5		$	207.4		$	2,114.0
Capital expenditures	$	68.5		$	5.1		$	60.4		$	11.1		$	145.1
Depreciation and amortization	$	26.3		$	8.4		$	16.9		$	13.6		$	65.2

2011
Net sales to external customers	$	722.6		$	66.6		$	339.5		$	287.2		$	1,415.9
Intersegment net sales		0.0			0.0			0.0			0.9			0.9

Total net sales	$	722.6		$	66.6		$	339.5		$	288.1		$	1,416.8
Earnings from operations	$	113.8		$	11.1		$	69.7		$	39.4		$	234.0
Percentage of sales		15.7	%		16.7	%		20.5	%		13.7	%		16.5	%
Total assets	$	872.5		$	46.0		$	311.1		$	202.6		$	1,432.2
Capital expenditures	$	34.5		$	1.5		$	17.6		$	16.1		$	69.7
Depreciation and amortization	$	20.0		$	0.9		$	14.4		$	11.2		$	46.5

2010
Net sales to external customers	$	606.4		$	53.8		$	292.2		$	271.0		$	1,223.4
Intersegment net sales		0.0			0.0			0.0			1.1			1.1

Total net sales	$	606.4		$	53.8		$	292.2		$	272.1		$	1,224.5
Earnings from operations	$	97.0		$	10.1		$	55.2		$	40.3		$	202.6
Percentage of sales		16.0	%		18.8	%		18.9	%		14.8	%		16.5	%
Total assets	$	750.9		$	39.7		$	308.0		$	209.7		$	1,308.3
Capital expenditures	$	52.1		$	2.3		$	9.7		$	9.3		$	73.4
Depreciation and amortization	$	15.2		$	0.6		$	13.2		$	9.3		$	38.3

Reconciliation of Selected Segment Information to Corresponding Amounts Contained in Consolidated Financial Statements

The following table provides a reconciliation of selected segment information to corresponding amounts contained in our consolidated financial statements:


	2012			2011			2010
Net sales:
Net sales from segments	$	1,708.9		$	1,416.8		$	1,224.5
Elimination of intersegment revenue		(0.8	)		(0.9	)		(1.1	)

Total consolidated net sales	$	1,708.1		$	1,415.9		$	1,223.4

Earnings from operations:
Earnings from segments	$	296.0		$	234.0		$	202.6
Corporate unallocated⁽¹⁾		(132.4	)		(78.5	)		(89.1	)

Total consolidated earnings from operations	$	163.6		$	155.5		$	113.5

Total assets:
Assets from segments	$	2,114.0		$	1,432.2		$	1,308.3
Other assets⁽²⁾		1,808.1			2,104.5			2,365.6

Total consolidated assets	$	3,922.1		$	3,536.7		$	3,673.9

(1)

2012 includes the following net pre-tax charges: restructuring charges of $21.2 for personnel reductions in the Aerospace Materials and Industrial Materials segments and across corporate functions to mitigate continuing costs following the anticipated sale of Coating Resins; charges of $16.7 for recognition in 2012 for the loss on the sale of the Stamford facility sale that occurred in 2011; charges of $8.4 related to costs incurred for the acquisition of Umeco; and accelerated depreciation of $2.5 for the sale-leaseback of our Stamford facility treated as a financing transaction. For 2011, it includes net pre-tax charges of $0.8 for restructuring charges, accelerated depreciation of $0.7 for the sale of our Stamford facility treated as a financing transaction, charges of $0.6 related to an adjustment to environmental accruals at a certain European site, and a gain on the sale of assets of a certain Latin American subsidiary for $3.3. For 2010, it includes pre-tax charges of $5.5 related to the exit of certain phosphorus derivative products at our Mt. Pleasant, TN facility and pre-tax credits of $0.9 for adjustments of prior year restructuring charges. Corporate and unallocated also included costs previously allocated to the operations of our discontinued Coating Resins segment of $66.5 for 2012, $66.0 for 2011, and $61.4 for 2010. It also included costs previously allocated to the operations of our discontinued Building Block Chemicals segment of $1.0 and $6.3 for 2011 and 2010, respectively.

(2)

At December 31, 2012, 2011, and 2010, this includes cash and cash equivalents of $179.3, $415.8, and $383.3, respectively. At December 31, 2012, includes assets held for sale of $1,472.6; December 31, 2011 and 2010 balances include assets previously allocated to the Coatings business of $1,508.8 and $1,671.9, respectively. 2010 also includes assets held for sale of $164.4 for our former Building Block Chemicals segment.

Operations by Geographic Areas

Unallocated assets are primarily cash and cash equivalents, miscellaneous receivables, construction in progress, deferred taxes and the fair values of derivatives.


	2012		2011		2010
Net Sales
United States	$	795.0	$	686.2	$	557.9
Other Americas		188.5		180.6		152.8
Asia / Pacific		212.3		188.8		193.4
Europe, Middle East and Africa		512.3		360.3		319.3

Total	$	1,708.1	$	1,415.9	$	1,223.4

U.S. exports included in net sales above
Other Americas	$	83.0	$	82.8	$	68.0
Asia / Pacific		33.7		40.7		68.4
Europe, Middle East and Africa		103.9		84.0		74.9

Total	$	220.6	$	207.5	$	211.3

Identifiable assets
United States	$	1,052.1	$	841.7	$	926.4
Other Americas		121.9		135.6		134.1
Asia / Pacific		119.2		87.3		33.7
Europe, Middle East and Africa		418.1		69.2		55.8

Total identifiable assets		1,711.3		1,133.8		1,150.0

Equity in net assets of and advances to associated companies		1.7		—		—
Unallocated assets⁽¹⁾		2,209.1		2,402.9		2,523.9

Total assets	$	3,922.1	$	3,536.7	$	3,673.9

(1)

At December 31, 2012, 2011, and 2010 this includes cash and cash equivalents of $179.3, $415.8, and $383.3, respectively. At December 31, 2012, includes assets held for sale of $1,472.6; December 31, 2011 and 2010 balances include assets previously allocated to the Coatings business of $1,508.8 and $1,671.9, respectively. 2010 also includes assets held for sale of $164.4 for our former Building Block Chemicals segment.

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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