|
OPERATING SEGMENT INFORMATION (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| OPERATING SEGMENT INFORMATION |
Ìý
|
| Schedule of major products by reportable operating segment |
ÌýÌýÌýÌýÌýÌýÌýÌýThe major products of each reportable operating segment are as follows:
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Segment
|
Ìý
|
Products
|
|
Polyurethanes
|
Ìý
|
MDI, PO, polyols, PG, TPU, aniline and MTBE
|
|
Performance Products
|
Ìý
|
amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
|
|
Advanced Materials
|
Ìý
|
Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations
|
|
Textile Effects
|
Ìý
|
textile chemicals and dyes
|
|
Pigments and Additives
|
Ìý
|
titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals
|
Ìý
|
| Operating segment information |
Ìý
|
| Schedule of revenues, EBITDA, depreciation and amortization, capital expenditures and total assets |
The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Revenues:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
5,032
|
Ìý
|
$
|
4,964
|
Ìý
|
$
|
4,894
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
3,072
|
Ìý
|
Ìý
|
3,019
|
Ìý
|
Ìý
|
3,065
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
1,248
|
Ìý
|
Ìý
|
1,267
|
Ìý
|
Ìý
|
1,325
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
896
|
Ìý
|
Ìý
|
811
|
Ìý
|
Ìý
|
752
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
1,549
|
Ìý
|
Ìý
|
1,269
|
Ìý
|
Ìý
|
1,436
|
Ìý
|
|
Eliminations
|
Ìý
|
Ìý
|
(219
|
)
|
Ìý
|
(251
|
)
|
Ìý
|
(285
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
11,578
|
Ìý
|
$
|
11,079
|
Ìý
|
$
|
11,187
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
669
|
Ìý
|
$
|
696
|
Ìý
|
$
|
726
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
440
|
Ìý
|
Ìý
|
372
|
Ìý
|
Ìý
|
360
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
182
|
Ìý
|
Ìý
|
86
|
Ìý
|
Ìý
|
54
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
28
|
Ìý
|
Ìý
|
(78
|
)
|
Ìý
|
(49
|
)
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
(59
|
)
|
Ìý
|
79
|
Ìý
|
Ìý
|
352
|
Ìý
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(228
|
)
|
Ìý
|
(261
|
)
|
Ìý
|
(251
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
1,032
|
Ìý
|
Ìý
|
894
|
Ìý
|
Ìý
|
1,192
|
Ìý
|
|
Discontinued Operations(3)
|
Ìý
|
Ìý
|
(10
|
)
|
Ìý
|
(5
|
)
|
Ìý
|
(5
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
Ìý
|
1,022
|
Ìý
|
Ìý
|
889
|
Ìý
|
Ìý
|
1,187
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(205
|
)
|
Ìý
|
(190
|
)
|
Ìý
|
(226
|
)
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(51
|
)
|
Ìý
|
(125
|
)
|
Ìý
|
(169
|
)
|
|
Income tax benefit—discontinued operations
|
Ìý
|
Ìý
|
2
|
Ìý
|
Ìý
|
2
|
Ìý
|
Ìý
|
3
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
(445
|
)
|
Ìý
|
(448
|
)
|
Ìý
|
(432
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
$
|
323
|
Ìý
|
$
|
128
|
Ìý
|
$
|
363
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Depreciation and Amortization:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
131
|
Ìý
|
$
|
156
|
Ìý
|
$
|
152
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
138
|
Ìý
|
Ìý
|
121
|
Ìý
|
Ìý
|
113
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
42
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý
|
31
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
17
|
Ìý
|
Ìý
|
23
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
78
|
Ìý
|
Ìý
|
73
|
Ìý
|
Ìý
|
69
|
Ìý
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
40
|
Ìý
|
Ìý
|
41
|
Ìý
|
Ìý
|
39
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
445
|
Ìý
|
Ìý
|
446
|
Ìý
|
Ìý
|
427
|
Ìý
|
|
Discontinued Operations
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
2
|
Ìý
|
Ìý
|
5
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
445
|
Ìý
|
$
|
448
|
Ìý
|
$
|
432
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Capital Expenditures:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
174
|
Ìý
|
$
|
132
|
Ìý
|
$
|
107
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
181
|
Ìý
|
Ìý
|
115
|
Ìý
|
Ìý
|
117
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
46
|
Ìý
|
Ìý
|
73
|
Ìý
|
Ìý
|
41
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý
|
31
|
Ìý
|
Ìý
|
27
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
136
|
Ìý
|
Ìý
|
98
|
Ìý
|
Ìý
|
98
|
Ìý
|
|
Corporate and other
|
Ìý
|
Ìý
|
26
|
Ìý
|
Ìý
|
22
|
Ìý
|
Ìý
|
22
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
601
|
Ìý
|
$
|
471
|
Ìý
|
$
|
412
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Total Assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
2,859Ìý
|
Ìý
|
$
|
2,839Ìý
|
Ìý
|
$
|
2,733Ìý
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
2,326Ìý
|
Ìý
|
Ìý
|
2,320Ìý
|
Ìý
|
Ìý
|
2,242Ìý
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
828Ìý
|
Ìý
|
Ìý
|
918Ìý
|
Ìý
|
Ìý
|
909Ìý
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
574Ìý
|
Ìý
|
Ìý
|
653Ìý
|
Ìý
|
Ìý
|
630Ìý
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
2,640Ìý
|
Ìý
|
Ìý
|
1,469Ìý
|
Ìý
|
Ìý
|
1,536Ìý
|
Ìý
|
|
Corporate and other
|
Ìý
|
Ìý
|
1,775Ìý
|
Ìý
|
Ìý
|
989Ìý
|
Ìý
|
Ìý
|
834Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
11,002Ìý
|
Ìý
|
$
|
9,188Ìý
|
Ìý
|
$
|
8,884Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
(1)
|
Segment EBITDA is defined as net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.
|
|
(2)
|
Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, expenses associated with the Terminated Merger and related litigation (ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation only), unallocated restructuring, impairment and plant closing costs and non-operating income and expense.
|
|
(3)
|
The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.
|
Ìý
|
| Schedule of revenues and long-lived assets by geographical area |
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
By Geographic Area
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenues(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
United States
|
Ìý
|
$
|
6,116Ìý
|
Ìý
|
$
|
3,319Ìý
|
Ìý
|
$
|
3,347Ìý
|
Ìý
|
|
China
|
Ìý
|
Ìý
|
1,626Ìý
|
Ìý
|
Ìý
|
1,081Ìý
|
Ìý
|
Ìý
|
1,040Ìý
|
Ìý
|
|
Mexico
|
Ìý
|
Ìý
|
960Ìý
|
Ìý
|
Ìý
|
853Ìý
|
Ìý
|
Ìý
|
954Ìý
|
Ìý
|
|
Germany
|
Ìý
|
Ìý
|
921Ìý
|
Ìý
|
Ìý
|
586Ìý
|
Ìý
|
Ìý
|
600Ìý
|
Ìý
|
|
Italy
|
Ìý
|
Ìý
|
522Ìý
|
Ìý
|
Ìý
|
437Ìý
|
Ìý
|
Ìý
|
465Ìý
|
Ìý
|
|
Other nations
|
Ìý
|
Ìý
|
1,433Ìý
|
Ìý
|
Ìý
|
4,803Ìý
|
Ìý
|
Ìý
|
4,781Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
11,578Ìý
|
Ìý
|
$
|
11,079Ìý
|
Ìý
|
$
|
11,187Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Long-lived assets(2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
United States
|
Ìý
|
$
|
1,748Ìý
|
Ìý
|
$
|
1,422Ìý
|
Ìý
|
$
|
1,387Ìý
|
Ìý
|
|
Germany
|
Ìý
|
Ìý
|
381Ìý
|
Ìý
|
Ìý
|
200Ìý
|
Ìý
|
Ìý
|
201Ìý
|
Ìý
|
|
The Netherlands
|
Ìý
|
Ìý
|
314Ìý
|
Ìý
|
Ìý
|
356Ìý
|
Ìý
|
Ìý
|
351Ìý
|
Ìý
|
|
United Kingdom
|
Ìý
|
Ìý
|
311Ìý
|
Ìý
|
Ìý
|
312Ìý
|
Ìý
|
Ìý
|
314Ìý
|
Ìý
|
|
China
|
Ìý
|
Ìý
|
221Ìý
|
Ìý
|
Ìý
|
202Ìý
|
Ìý
|
Ìý
|
169Ìý
|
Ìý
|
|
Italy
|
Ìý
|
Ìý
|
211Ìý
|
Ìý
|
Ìý
|
197Ìý
|
Ìý
|
Ìý
|
164Ìý
|
Ìý
|
|
Saudi Arabia
|
Ìý
|
Ìý
|
207Ìý
|
Ìý
|
Ìý
|
220Ìý
|
Ìý
|
Ìý
|
231Ìý
|
Ìý
|
|
France
|
Ìý
|
Ìý
|
170Ìý
|
Ìý
|
Ìý
|
162Ìý
|
Ìý
|
Ìý
|
154Ìý
|
Ìý
|
|
Switzerland
|
Ìý
|
Ìý
|
132Ìý
|
Ìý
|
Ìý
|
154Ìý
|
Ìý
|
Ìý
|
163Ìý
|
Ìý
|
|
Spain
|
Ìý
|
Ìý
|
112Ìý
|
Ìý
|
Ìý
|
138Ìý
|
Ìý
|
Ìý
|
147Ìý
|
Ìý
|
|
Other nations
|
Ìý
|
Ìý
|
616Ìý
|
Ìý
|
Ìý
|
461Ìý
|
Ìý
|
Ìý
|
464Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
4,423Ìý
|
Ìý
|
$
|
3,824Ìý
|
Ìý
|
$
|
3,745Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
United States
|
Ìý
|
$
|
1,700Ìý
|
Ìý
|
$
|
1,357Ìý
|
Ìý
|
$
|
1,299Ìý
|
Ìý
|
|
Germany
|
Ìý
|
Ìý
|
381Ìý
|
Ìý
|
Ìý
|
200Ìý
|
Ìý
|
Ìý
|
201Ìý
|
Ìý
|
|
The Netherlands
|
Ìý
|
Ìý
|
314Ìý
|
Ìý
|
Ìý
|
356Ìý
|
Ìý
|
Ìý
|
351Ìý
|
Ìý
|
|
United Kingdom
|
Ìý
|
Ìý
|
311Ìý
|
Ìý
|
Ìý
|
312Ìý
|
Ìý
|
Ìý
|
314Ìý
|
Ìý
|
|
China
|
Ìý
|
Ìý
|
221Ìý
|
Ìý
|
Ìý
|
202Ìý
|
Ìý
|
Ìý
|
169Ìý
|
Ìý
|
|
Italy
|
Ìý
|
Ìý
|
211Ìý
|
Ìý
|
Ìý
|
197Ìý
|
Ìý
|
Ìý
|
164Ìý
|
Ìý
|
|
Saudi Arabia
|
Ìý
|
Ìý
|
207Ìý
|
Ìý
|
Ìý
|
220Ìý
|
Ìý
|
Ìý
|
231Ìý
|
Ìý
|
|
France
|
Ìý
|
Ìý
|
170Ìý
|
Ìý
|
Ìý
|
162Ìý
|
Ìý
|
Ìý
|
154Ìý
|
Ìý
|
|
Switzerland
|
Ìý
|
Ìý
|
132Ìý
|
Ìý
|
Ìý
|
154Ìý
|
Ìý
|
Ìý
|
163Ìý
|
Ìý
|
|
Spain
|
Ìý
|
Ìý
|
112Ìý
|
Ìý
|
Ìý
|
138Ìý
|
Ìý
|
Ìý
|
147Ìý
|
Ìý
|
|
Other nations
|
Ìý
|
Ìý
|
616Ìý
|
Ìý
|
Ìý
|
461Ìý
|
Ìý
|
Ìý
|
463Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
4,375Ìý
|
Ìý
|
$
|
3,759Ìý
|
Ìý
|
$
|
3,656Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
(1)
|
Geographic information for revenues is based upon countries into which product is sold.
|
|
(2)
|
Long-lived assets consist of property, plant and equipment, net.
|
Ìý
|
| ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International |
Ìý
|
| Operating segment information |
Ìý
|
| Schedule of revenues, EBITDA, depreciation and amortization, capital expenditures and total assets |
The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
669
|
Ìý
|
$
|
696
|
Ìý
|
$
|
726
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
440
|
Ìý
|
Ìý
|
372
|
Ìý
|
Ìý
|
360
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
182
|
Ìý
|
Ìý
|
86
|
Ìý
|
Ìý
|
54
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
28
|
Ìý
|
Ìý
|
(78
|
)
|
Ìý
|
(49
|
)
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
(59
|
)
|
Ìý
|
79
|
Ìý
|
Ìý
|
352
|
Ìý
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(230
|
)
|
Ìý
|
(262
|
)
|
Ìý
|
(251
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
1,030
|
Ìý
|
Ìý
|
893
|
Ìý
|
Ìý
|
1,192
|
Ìý
|
|
Discontinued Operations(3)
|
Ìý
|
Ìý
|
(10
|
)
|
Ìý
|
(5
|
)
|
Ìý
|
(5
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
Ìý
|
1,020
|
Ìý
|
Ìý
|
888
|
Ìý
|
Ìý
|
1,187
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(214
|
)
|
Ìý
|
(203
|
)
|
Ìý
|
(238
|
)
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(43
|
)
|
Ìý
|
(137
|
)
|
Ìý
|
(179
|
)
|
|
Income tax benefit—discontinued operations
|
Ìý
|
Ìý
|
2
|
Ìý
|
Ìý
|
2
|
Ìý
|
Ìý
|
3
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
(430
|
)
|
Ìý
|
(424
|
)
|
Ìý
|
(408
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ InternationalÌýLLC
|
Ìý
|
$
|
335
|
Ìý
|
$
|
126
|
Ìý
|
$
|
365
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Depreciation and Amortization:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
131
|
Ìý
|
$
|
156
|
Ìý
|
$
|
152
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
138
|
Ìý
|
Ìý
|
121
|
Ìý
|
Ìý
|
113
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
42
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý
|
31
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
17
|
Ìý
|
Ìý
|
23
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
78
|
Ìý
|
Ìý
|
73
|
Ìý
|
Ìý
|
69
|
Ìý
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
25
|
Ìý
|
Ìý
|
17
|
Ìý
|
Ìý
|
15
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Subtotal
|
Ìý
|
Ìý
|
430
|
Ìý
|
Ìý
|
422
|
Ìý
|
Ìý
|
403
|
Ìý
|
|
Discontinued Operations
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
2
|
Ìý
|
Ìý
|
5
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
430
|
Ìý
|
$
|
424
|
Ìý
|
$
|
408
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Capital Expenditures:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
174
|
Ìý
|
$
|
132
|
Ìý
|
$
|
107
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
181
|
Ìý
|
Ìý
|
115
|
Ìý
|
Ìý
|
117
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
46
|
Ìý
|
Ìý
|
73
|
Ìý
|
Ìý
|
41
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý
|
31
|
Ìý
|
Ìý
|
27
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
136
|
Ìý
|
Ìý
|
98
|
Ìý
|
Ìý
|
98
|
Ìý
|
|
Corporate and other
|
Ìý
|
Ìý
|
26
|
Ìý
|
Ìý
|
22
|
Ìý
|
Ìý
|
22
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
601
|
Ìý
|
$
|
471
|
Ìý
|
$
|
412
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Total Assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
2,833Ìý
|
Ìý
|
$
|
2,839Ìý
|
Ìý
|
$
|
2,733Ìý
|
Ìý
|
|
Performance Products
|
Ìý
|
Ìý
|
2,323Ìý
|
Ìý
|
Ìý
|
2,320Ìý
|
Ìý
|
Ìý
|
2,242Ìý
|
Ìý
|
|
Advanced Materials
|
Ìý
|
Ìý
|
828Ìý
|
Ìý
|
Ìý
|
918Ìý
|
Ìý
|
Ìý
|
909Ìý
|
Ìý
|
|
Textile Effects
|
Ìý
|
Ìý
|
574Ìý
|
Ìý
|
Ìý
|
653Ìý
|
Ìý
|
Ìý
|
630Ìý
|
Ìý
|
|
Pigments and Additives
|
Ìý
|
Ìý
|
2,621Ìý
|
Ìý
|
Ìý
|
1,469Ìý
|
Ìý
|
Ìý
|
1,536Ìý
|
Ìý
|
|
Corporate and other
|
Ìý
|
Ìý
|
1,922Ìý
|
Ìý
|
Ìý
|
1,212Ìý
|
Ìý
|
Ìý
|
820Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
11,101Ìý
|
Ìý
|
$
|
9,411Ìý
|
Ìý
|
$
|
8,870Ìý
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
(1)
|
Segment EBITDA is defined as net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International, as appropriate, before interest, income tax, depreciation and amortization, and certain Corporate and other items.
|
|
(2)
|
Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, expenses associated with the Terminated Merger and related litigation (ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation only), unallocated restructuring, impairment and plant closing costs and non-operating income and expense.
|
|
(3)
|
The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.
|
Ìý
|