Operating Segments And Geographic Area Information

12 Months Ended

Dec. 31, 2011

Operating Segments And Geographic Area Information [Abstract]

Operating Segments And Geographic Area Information

NOTE 23—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.

	Year Ended December 31,
	2011			2010			2009
	(In thousands)
Net sales:
Polymer Solutions	$	1,001,922		$	903,745		$	697,206
Catalysts		1,116,863			890,007			808,063
Fine Chemistry		750,220			569,012			500,125
Total net sales	$	2,869,005		$	2,362,764		$	2,005,394
Segment operating profit:
Polymer Solutions	$	239,918		$	195,681		$	63,780
Catalysts		287,342			219,125			129,691
Fine Chemistry		157,884			79,505			52,589
Total segment operating profit		685,144			494,311			246,060
Equity in net income of unconsolidated investments:
Polymer Solutions		7,696			8,734			3,496
Catalysts		36,259			29,648			18,934
Fine Chemistry		—			—			—
Corporate & Other		(201	)		(407	)		(108	)
Total equity in net income of unconsolidated investments		43,754			37,975			22,322
Net income attributable to noncontrolling interests:
Polymer Solutions		(9,803	)		(6,154	)		(5,886	)
Catalysts		—			—			—
Fine Chemistry		(18,306	)		(7,357	)		(5,471	)
Corporate & Other		26			(128	)		102
Total net income attributable to noncontrolling interests		(28,083	)		(13,639	)		(11,255	)
Segment income:
Polymer Solutions		237,811			198,261			61,390
Catalysts		323,601			248,773			148,625
Fine Chemistry		139,578			72,148			47,118
Total segment income		700,990			519,182			257,133
Corporate & Other		(97,479	)		(73,040	)		(35,750	)
Restructuring and other charges		—			(6,958	)		(11,643	)
Port de Bouc facility disposition charges		—			—			(12,393	)
Interest and financing expenses		(37,574	)		(25,533	)		(24,584	)
Other income (expenses), net		357			2,788			(1,423	)
Income tax (expense) benefit		(130,014	)		(92,719	)		7,028
Net income attributable to Albemarle Corporation	$	436,280		$	323,720		$	178,368

	As of December 31,
	2011		2010		2009
	(In thousands)
Identifiable assets:
Polymer Solutions	$	692,924	$	700,800	$	667,133
Catalysts		1,308,528		1,204,586		1,184,841
Fine Chemistry		512,676		424,527		413,614
Corporate & Other		689,696		738,168		505,969
Total identifiable assets	$	3,203,824	$	3,068,081	$	2,771,557
Goodwill:
Polymer Solutions	$	37,163	$	36,210	$	36,153
Catalysts		211,210		211,423		228,166
Fine Chemistry		24,772		24,605		28,402
Total goodwill	$	273,145	$	272,238	$	292,721

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Depreciation and amortization:
Polymer Solutions	$	30,436	$	30,854	$	34,481
Catalysts		43,978		42,396		42,508
Fine Chemistry		21,004		21,570		22,751
Corporate & Other		1,335		758		773
Total depreciation and amortization	$	96,753	$	95,578	$	100,513
Capital expenditures:
Polymer Solutions	$	51,186	$	18,413	$	24,209
Catalysts		63,478		38,967		39,872
Fine Chemistry		60,679		17,193		33,621
Corporate & Other		15,231		905		3,084
Total capital expenditures	$	190,574	$	75,478	$	100,786

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Net Sales:(a)
United States	$	1,106,580	$	863,297	$	801,201
Foreign		1,762,425		1,499,467		1,204,193
Total	$	2,869,005	$	2,362,764	$	2,005,394

(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,
	2011		2010		2009
	(In thousands)
Long-Lived Assets:
United States	$	652,022	$	582,763	$	569,873
Netherlands		185,799		186,960		213,925
Jordan		141,725		107,148		109,379
Brazil		83,452		75,816		60,743
Germany		70,051		67,579		70,128
China		64,449		63,672		61,431
France		28,652		25,075		21,851
Korea		25,008		12,074		73
United Kingdom		12,436		13,530		16,935
Other foreign countries		46,323		33,206		30,072
Total	$	1,309,917	$	1,167,823	$	1,154,410

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

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Polymer Solutions:
Flame Retardants	$	780,541	$	688,801	$	489,484
Stabilizers and Curatives		221,381		214,944		207,722
Total Polymer Solutions	$	1,001,922	$	903,745	$	697,206
Catalysts:
Performance Catalyst Solutions	$	265,381	$	221,416	$	181,406
Refinery Catalysts		851,482		668,591		626,657
Total Catalysts	$	1,116,863	$	890,007	$	808,063
Fine Chemistry:
Performance Chemicals	$	460,026	$	361,044	$	294,823
Fine Chemistry Services and Intermediates Business		290,194		207,968		205,302
Total Fine Chemistry	$	750,220	$	569,012	$	500,125