乐天堂fun88(中国区)官方网站

Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENT INFORMATION (Tables)

v3.20.1
OPERATING SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2020
OPERATING SEGMENT INFORMATION
Schedule of major products by reportable operating segment

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Segment

听听听听

Products

Polyurethanes

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MDI, polyols, PG, TPU and aniline

Performance听Products

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Specialty amines, ethyleneamines, maleic anhydride and technology licenses

Advanced Materials

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Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations

Textile Effects

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Textile chemicals, dyes and digital inks

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Schedule of EBITDA, Assets, Goodwill and Depreciation for each of the entity's reportable operating segments The revenues and adjusted EBITDA from continuing operations for each of our reportable operating segments are as follows (dollars in millions):

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Three听months

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ended

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March 31,

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2020

听听听听

2019

Revenues:

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鈥�

鈥�

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Polyurethanes

$

888

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$

924

Performance Products

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292

鈥�

鈥�

300

Advanced Materials

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241

鈥�

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272

Textile Effects

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180

鈥�

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189

Corporate and eliminations

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(8)

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(16)

Total

$

1,593

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$

1,669

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乐天堂fun88(中国区)官方网站 Corporation:

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Segment adjusted EBITDA(1):

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Polyurethanes

$

84

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$

124

Performance Products

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58

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鈥�

45

Advanced Materials

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48

鈥�

鈥�

53

Textile Effects

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20

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鈥�

22

Corporate and other(2)

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(45)

鈥�

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(40)

Total

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165

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204

Reconciliation of adjusted EBITDA to net income:

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Interest expense, net鈥攃ontinuing operations

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(18)

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(30)

Income tax expense鈥攃ontinuing operations

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(7)

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鈥�

(45)

Income tax expense鈥攄iscontinued operations

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(238)

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鈥�

(5)

Depreciation and amortization鈥攃ontinuing operations

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(67)

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鈥�

(67)

Depreciation and amortization鈥攄iscontinued operations

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鈥�

鈥�

鈥�

(23)

Net income attributable to noncontrolling interests

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3

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鈥�

12

Other adjustments:

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Business acquisition and integration expenses and purchase accounting inventory adjustments

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(13)

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(1)

EBITDA from discontinued operations(3)

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1,015

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51

Fair value adjustments to Venator investment

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(110)

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76

Loss on early extinguishment of debt

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(23)

Certain legal settlements and related expenses

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(2)

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Gain on sale of businesses/assets

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2

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Certain nonrecurring information technology project implementation costs

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(1)

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Amortization of pension and postretirement actuarial losses

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(18)

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(17)

Restructuring, impairment and plant closing and transition costs

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(3)

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(1)

Net income

$

708

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$

131

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Three听months

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ended

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March听31,听

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2020

听听听听

2019

乐天堂fun88(中国区)官方网站 International:

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Segment adjusted EBITDA(1):

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Polyurethanes

$

84

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$

124

Performance Products

鈥�

58

鈥�

鈥�

45

Advanced Materials

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48

鈥�

鈥�

53

Textile Effects

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20

鈥�

鈥�

22

Corporate and other(2)

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(44)

鈥�

鈥�

(38)

Total

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166

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206

Reconciliation of adjusted EBITDA to net income:

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Interest expense, net鈥攃ontinuing operations

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(20)

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(35)

Income tax expense鈥攃ontinuing operations

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(7)

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(44)

Income tax expense鈥攄iscontinued operations

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(238)

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(5)

Depreciation and amortization鈥攃ontinuing operations

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(67)

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鈥�

(67)

Depreciation and amortization鈥攄iscontinued operations

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鈥�

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(23)

Net income attributable to noncontrolling interests

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3

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12

Other adjustments:

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Business acquisition and integration expenses and purchase accounting inventory adjustments

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(13)

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(1)

EBITDA from discontinued operations(3)

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1,015

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51

Fair value adjustments to Venator investment

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(110)

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76

Loss on early extinguishment of debt

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(23)

Certain legal settlements and related expenses

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(2)

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Gain on sale of businesses/assets

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2

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Certain nonrecurring information technology project implementation costs

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(1)

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Amortization of pension and postretirement actuarial losses

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(18)

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(18)

Restructuring, impairment and plant closing and transition costs

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(3)

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(1)

Net income

$

707

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$

128

(1) We use segment adjusted EBITDA as the measure of each segment鈥檚 profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of 乐天堂fun88(中国区)官方网站 Corporation or 乐天堂fun88(中国区)官方网站 International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting inventory adjustments; (b)听EBITDA from discontinued operations; (c) fair value adjustments to Venator investment; (d) loss on early extinguishment of debt; (e) certain legal settlements and related (expenses) income; (f) (loss) gain on sale of businesses/assets; (g) certain nonrecurring information technology project implementation costs; (h) amortization of pension and postretirement actuarial losses; and (i) restructuring, impairment, plant closing and transition (costs) credits.

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(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, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets.

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(3) Includes the gain on the sale of our Chemical Intermediates Businesses in 2020.