Operating Segments and Geographic Area Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Operating Segments and Geographic Area Information

Operating Segments and Geographic Area Information:

We have identified three reportable segments as required by current accounting guidance. Our Polymer Solutions segment is comprised of the flame retardants and stabilizers and curatives product areas. Our Catalysts segment is comprised of the refinery catalysts and performance catalyst solutions product areas. Our Fine Chemistry segment is comprised of the performance chemicals and fine chemistry services and intermediates product areas. Segment income represents Operating profit (adjusted for significant non-recurring items) and Equity in net income of unconsolidated investments and is reduced by Net income attributable to noncontrolling interests. Segment data includes intersegment transfers of raw materials at cost and allocations for certain corporate costs.

Summarized financial information concerning our reportable segments is shown in the following tables. The Corporate & other segment includes corporate-related items not allocated to the reportable segments. Pension and OPEB service cost (which represents the benefits earned by active employees during the period) and amortization of prior service cost or benefit are allocated to each segment whereas the remaining components of pension and OPEB benefits cost or credit are included in Corporate and other.

	Year Ended December 31,
	2013			2012			2011
				(In thousands)
Net sales:
Polymer Solutions	$	864,388		$	892,232		$	1,001,922
Catalysts	1,001,606			1,067,948			1,116,863
Fine Chemistry	750,422			785,240			750,220
Total net sales	$	2,616,416		$	2,745,420		$	2,869,005
Segment operating profit:
Polymer Solutions	$	153,747		$	198,426		$	243,396
Catalysts	222,749			260,544			290,065
Fine Chemistry	153,629			182,690			162,726
Total segment operating profit	530,125			641,660			696,187
Equity in net income of unconsolidated investments:
Polymer Solutions	8,875			6,416			7,696
Catalysts	22,854			31,651			36,259
Fine Chemistry	—			—			—
Corporate & other	—			—			(201		)
Total equity in net income of unconsolidated investments	31,729			38,067			43,754
Net (income) loss attributable to noncontrolling interests:
Polymer Solutions	(4,753		)	(2,221		)	(9,803		)
Catalysts	—			—			—
Fine Chemistry	(21,910		)	(16,350		)	(18,306		)
Corporate & other	—			(20		)	26
Total net income attributable to noncontrolling interests	(26,663		)	(18,591		)	(28,083		)
Segment income:
Polymer Solutions	157,869			202,621			241,289
Catalysts	245,603			292,195			326,324
Fine Chemistry	131,719			166,340			144,420
Total segment income	535,191			661,156			712,033
Corporate & other(a)	86,145			(123,831		)	(178,568		)
Restructuring and other charges(b)	(33,361		)	(111,685		)	—
Interest and financing expenses	(31,559		)	(32,800		)	(37,574		)
Other (expenses) income, net	(6,923		)	1,229			357
Income tax expense	(136,322		)	(82,533		)	(104,134		)
Net income attributable to Albemarle Corporation	$	413,171		$	311,536		$	392,114

(a) For the years ended December 31, 2013, 2012 and 2011, Corporate and other includes $143.1 million, $(68.0) million and $(89.2) million, respectively, of pension and OPEB plan credits (costs) (including mark-to-market actuarial gains and losses).

(b) See Note 19, “Special Items.”

	As of December 31,
	2013		2012		2011
			(In thousands)
Identifiable assets:
Polymer Solutions	$	630,703	$	628,489	$	692,924
Catalysts	1,538,688		1,440,745		1,308,528
Fine Chemistry	655,567		613,655		512,676
Corporate & other	759,839		754,402		689,696
Total identifiable assets	$	3,584,797	$	3,437,291	$	3,203,824
Goodwill:
Polymer Solutions	$	38,072	$	37,615	$	37,163
Catalysts	221,248		214,571		211,210
Fine Chemistry	24,883		24,780		24,772
Total goodwill	$	284,203	$	276,966	$	273,145

	Year Ended December 31,
	2013		2012		2011
			(In thousands)
Depreciation and amortization:
Polymer Solutions	$	28,589	$	28,992	$	30,436
Catalysts	46,028		43,876		43,978
Fine Chemistry	30,565		24,238		21,004
Corporate & other	2,188		1,914		1,335
Total depreciation and amortization	$	107,370	$	99,020	$	96,753
Capital expenditures:
Polymer Solutions	$	36,667	$	43,195	$	51,186
Catalysts	57,529		117,111		63,478
Fine Chemistry	60,836		119,088		60,679
Corporate & other	314		1,479		15,231
Total capital expenditures	$	155,346	$	280,873	$	190,574

	Year Ended December 31,
	2013		2012		2011
			(In thousands)
Net Sales:(a)
United States	$	1,022,220	$	1,053,068	$	1,106,580
Foreign	1,594,196		1,692,352		1,762,425
Total	$	2,616,416	$	2,745,420	$	2,869,005

(a) No sales in a foreign country exceed 10% of total net sales. Also, net sales are attributed to countries based upon shipments to final destination.

	As of December 31,
	2013		2012		2011
			(In thousands)
Long-Lived Assets:
United States	$	748,719	$	735,269	$	652,022
Netherlands	193,775		192,540		185,799
Jordan	227,818		209,133		141,725
Brazil	78,078		85,353		83,452
Germany	86,175		72,797		70,051
China	41,858		39,542		64,449
France	34,523		32,305		28,652
Korea	86,827		81,962		25,008
United Kingdom	3,665		—		12,436
Other foreign countries	47,139		33,598		46,323
Total	$	1,548,577	$	1,482,499	$	1,309,917

Net sales to external customers in each of the segments consists of the following:

	Year Ended December 31,
	2013		2012		2011
			(In thousands)
Polymer Solutions:
Flame Retardants	$	620,972	$	665,293	$	780,541
Stabilizers and Curatives	243,416		226,939		221,381
Total Polymer Solutions	$	864,388	$	892,232	$	1,001,922
Catalysts:
Performance Catalyst Solutions	$	232,769	$	273,015	$	265,381
Refinery Catalysts	768,837		794,933		851,482
Total Catalysts	$	1,001,606	$	1,067,948	$	1,116,863
Fine Chemistry:
Performance Chemicals	$	461,740	$	463,179	$	460,026
Fine Chemistry Services and Intermediates Business	288,682		322,061		290,194
Total Fine Chemistry	$	750,422	$	785,240	$	750,220

Effective January 1, 2014, the Company’s assets and businesses were realigned under two operating segments. The Performance Chemicals segment will include Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services, and the Catalyst Solutions segment will include Refinery Catalyst Solutions, Performance Catalyst Solutions and Antioxidants.