EX-99.01 12 ex-99_01.htm PRESENTATION OF REVISED SEGMENT FINANCIAL INFORMATION ex-99_01.htm
 
 
Exhibit 99.01

Presentation of Revised Segment Financial Information

In first quarter 2010, the Company transferred certain intermediates product lines from the Performance Polymers segment to the Performance Chemicals and Intermediates segment to improve optimization of manufacturing assets supporting the three raw material streams that supply the Company’s downstream businesses.   The revised segment composition reflects how management views and evaluates operations.

Segment sales and operating results, as presented below, were reclassified for the above change.  The following tables reflect the revision of selected financial information for each of the years ended December 31, 2009, 2008, 2007, 2006, and 2005, respectively, on the new basis (in millions):

As Reported
   
2009
   
2008
   
2007
   
2006
   
2005
 
                               
Performance Chemicals and Intermediates
                             
Sales
  $ 1,330     $ 2,160     $ 2,095     $ 1,659     $ 1,560  
Operating Earnings
    63       153       220       132       143  
                                         
Performance Polymers
                                       
Sales
  $ 719     $ 1,074     $ 1,413     $ 1,971     $ 1,987  
Operating Earnings (Loss)
    (66 )     (57 )     (207 )     68       159  
                                         

Revised
   
2009
   
2008
   
2007
   
2006
   
2005
 
                               
Performance Chemicals and Intermediates
                             
Sales
  $ 1,398     $ 2,443     $ 2,191     $ 1,749     $ 1,651  
Operating Earnings
    48       150       229       138       142  
                                         
Performance Polymers
                                       
Sales
  $ 651     $ 791     $ 1,317     $ 1,881     $ 1,896  
Operating Earnings (Loss)
    (51 )     (54 )     (216 )     62       160  
                                         


150