乐天堂fun88(中国区)官方网站 Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENT INFORMATION

OPERATING SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2012

OPERATING SEGMENT INFORMATION

听

OPERATING SEGMENT INFORMATION

27. OPERATING SEGMENT INFORMATION

听听听听听听听听We derive our revenues, earnings and cash flows from the manufacture and sale of a wide variety of differentiated and commodity chemical products. We have reported our operations through five segments: Polyurethanes, Advanced Materials, Textile Effects, Performance Products and Pigments. We have organized our business and derived our operating segments around differences in product lines.

听听听听听听听听The major products of each reportable operating segment are as follows:

Segment	听	Products

Polyurethanes	听	MDI, PO, polyols, PG, TPU, aniline and MTBE
Performance Products	听	amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
Advanced Materials	听	epoxy resin compounds and formulations; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based adhesives and tooling resin formulations
Textile Effects	听	textile chemicals and dyes
Pigments	听	titanium dioxide

听听听听听听听听Sales between segments are generally recognized at external market prices and are eliminated in consolidation. We use EBITDA to measure the financial performance of our global business units and for reporting the results of our operating segments. This measure includes all operating items relating to the businesses. The EBITDA of operating segments excludes items that principally apply to our Company as a whole. The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions):

听	听	Year ended December听31,								听

听	听	2012		听	2011		听	2010		听
Revenues:	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	4,894	听	$	4,434	听	$	3,605	听
Performance Products	听	听	3,065	听	听	3,301	听	听	2,659	听
Advanced Materials	听	听	1,325	听	听	1,372	听	听	1,244	听
Textile Effects	听	听	752	听	听	737	听	听	787	听
Pigments	听	听	1,436	听	听	1,642	听	听	1,213	听
Eliminations	听	听	(285	)	听	(265	)	听	(258	)
听	听	听		听	听		听	听		听
Total	听	$	11,187	听	$	11,221	听	$	9,250	听
听	听	听		听	听		听	听		听
乐天堂fun88(中国区)官方网站 Corporation:	听	听	听	听	听	听	听	听	听	听
Segment EBITDA(1):	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	726	听	$	469	听	$	319	听
Performance Products	听	听	360	听	听	385	听	听	363	听
Advanced Materials	听	听	54	听	听	125	听	听	143	听
Textile Effects	听	听	(49	)	听	(199	)	听	1	听
Pigments	听	听	352	听	听	501	听	听	205	听
Corporate and other(2)	听	听	(251	)	听	(236	)	听	(384	)
听	听	听		听	听		听	听		听
Subtotal	听	听	1,192	听	听	1,045	听	听	647	听
Discontinued Operations(3)	听	听	(5	)	听	(6	)	听	53	听
听	听	听		听	听		听	听		听
Total	听	听	1,187	听	听	1,039	听	听	700	听
Interest expense, net	听	听	(226	)	听	(249	)	听	(229	)
Income tax expense鈥攃ontinuing operations	听	听	(169	)	听	(109	)	听	(29	)
Income tax benefit (expense)鈥攄iscontinued operations	听	听	3	听	听	5	听	听	(10	)
Depreciation and amortization	听	听	(432	)	听	(439	)	听	(405	)
听	听	听		听	听		听	听		听
Net income attributable to	听	听	听	听	听	听	听	听	听	听
乐天堂fun88(中国区)官方网站 Corporation	听	$	363	听	$	247	听	$	27	听
听	听	听		听	听		听	听		听
Depreciation and Amortization:	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	152	听	$	160	听	$	155	听
Performance Products	听	听	113	听	听	110	听	听	92	听
Advanced Materials	听	听	31	听	听	33	听	听	33	听
Textile Effects	听	听	23	听	听	27	听	听	26	听
Pigments	听	听	69	听	听	74	听	听	67	听
Corporate and other(2)	听	听	39	听	听	35	听	听	31	听
听	听	听		听	听		听	听		听
Subtotal	听	听	427	听	听	439	听	听	404	听
Discontinued Operations	听	听	5	听	听	鈥�	听	听	1	听
听	听	听		听	听		听	听		听
Total	听	$	432	听	$	439	听	$	405	听
听	听	听		听	听		听	听		听

听

听	听	Year ended December听31,								听

听	听	2012		听	2011		听	2010		听
Capital Expenditures:	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	107	听	$	85	听	$	59	听
Performance Products	听	听	117	听	听	96	听	听	66	听
Advanced Materials	听	听	41	听	听	39	听	听	24	听
Textile Effects	听	听	27	听	听	34	听	听	23	听
Pigments	听	听	98	听	听	57	听	听	49	听
Corporate and other	听	听	22	听	听	19	听	听	15	听
听	听	听		听	听		听	听		听
Total	听	$	412	听	$	330	听	$	236	听
听	听	听		听	听		听	听		听

听

听	听	December听31,					听

听	听	2012		听	2011		听
Total Assets:	听	听	听	听	听	听	听
Polyurethanes	听	$	3,268	听	$	3,144	听
Performance Products	听	听	2,455	听	听	2,348	听
Advanced Materials	听	听	1,366	听	听	1,307	听
Textile Effects	听	听	745	听	听	686	听
Pigments	听	听	1,597	听	听	1,428	听
Corporate and other	听	听	(547	)	听	(256	)
听	听	听		听	听		听
Total	听	$	8,884	听	$	8,657	听
听	听	听		听	听		听

听

听	听	Year ended December听31,								听

听	听	2012		听	2011		听	2010		听
乐天堂fun88(中国区)官方网站 International:	听	听	听	听	听	听	听	听	听	听
Segment EBITDA(1):	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	726	听	$	469	听	$	319	听
Performance Products	听	听	360	听	听	385	听	听	363	听
Advanced Materials	听	听	54	听	听	125	听	听	143	听
Textile Effects	听	听	(49	)	听	(199	)	听	1	听
Pigments	听	听	352	听	听	501	听	听	205	听
Corporate and other(2)	听	听	(251	)	听	(236	)	听	(224	)
听	听	听		听	听		听	听		听
Subtotal	听	听	1,192	听	听	1,045	听	听	807	听
Discontinued Operations(3)	听	听	(5	)	听	(6	)	听	53	听
听	听	听		听	听		听	听		听
Total	听	听	1,187	听	听	1,039	听	听	860	听
Interest expense, net	听	听	(238	)	听	(262	)	听	(248	)
Income tax expense鈥攃ontinuing operations	听	听	(179	)	听	(113	)	听	(40	)
Income tax benefit (expense)鈥攄iscontinued operations	听	听	3	听	听	5	听	听	(10	)
Depreciation and amortization	听	听	(408	)	听	(416	)	听	(382	)
听	听	听		听	听		听	听		听
Net income attributable to	听	听	听	听	听	听	听	听	听	听
乐天堂fun88(中国区)官方网站 International听LLC	听	$	365	听	$	253	听	$	180	听
听	听	听		听	听		听	听		听
Depreciation and Amortization:	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	152	听	$	160	听	$	155	听
Performance Products	听	听	113	听	听	110	听	听	92	听
Advanced Materials	听	听	31	听	听	33	听	听	33	听
Textile Effects	听	听	23	听	听	27	听	听	26	听
Pigments	听	听	69	听	听	74	听	听	67	听
Corporate and other(2)	听	听	15	听	听	12	听	听	8	听
听	听	听		听	听		听	听		听
Subtotal	听	听	403	听	听	416	听	听	381	听
Discontinued Operations	听	听	5	听	听	鈥�	听	听	1	听
听	听	听		听	听		听	听		听
Total	听	$	408	听	$	416	听	$	382	听
听	听	听		听	听		听	听		听

听

听	听	Year ended December听31,								听

听	听	2012		听	2011		听	2010		听
Capital Expenditures:	听	听	听	听	听	听	听	听	听	听
Polyurethanes	听	$	107	听	$	85	听	$	59	听
Performance Products	听	听	117	听	听	96	听	听	66	听
Advanced Materials	听	听	41	听	听	39	听	听	24	听
Textile Effects	听	听	27	听	听	34	听	听	23	听
Pigments	听	听	98	听	听	57	听	听	49	听
Corporate and other	听	听	22	听	听	19	听	听	15	听
听	听	听		听	听		听	听		听
Total	听	$	412	听	$	330	听	$	236	听
听	听	听		听	听		听	听		听

听

听	听	December听31,					听

听	听	2012		听	2011		听
Total Assets:	听	听	听	听	听	听	听
Polyurethanes	听	$	3,221	听	$	3,086	听
Performance Products	听	听	2,449	听	听	2,340	听
Advanced Materials	听	听	1,366	听	听	1,307	听
Textile Effects	听	听	745	听	听	686	听
Pigments	听	听	1,562	听	听	1,384	听
Corporate and other	听	听	(473	)	听	(473	)
听	听	听		听	听		听
Total	听	$	8,870	听	$	8,330	听
听	听	听		听	听		听

(1)听Segment EBITDA is defined as net income attributable to 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, and certain Corporate and other items.

(2)听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 (乐天堂fun88(中国区)官方网站 Corporation only), unallocated restructuring, impairment and plant closing costs and non-operating income and expense.

(3)听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. For more information, see "Note听25. Discontinued Operations."

听	听	Year ended December听31,								听

听	听	2012		听	2011		听	2010		听
By Geographic Area	听	听	听	听	听	听	听	听	听	听
Revenues(1):	听	听	听	听	听	听	听	听	听	听
United States	听	$	3,347	听	$	3,470	听	$	2,777	听
China	听	听	1,040	听	听	944	听	听	881	听
Mexico	听	听	954	听	听	723	听	听	485	听
Germany	听	听	600	听	听	638	听	听	519	听
Italy	听	听	465	听	听	558	听	听	474	听
Other nations	听	听	4,781	听	听	4,888	听	听	4,114	听
听	听	听		听	听		听	听		听
Total	听	$	11,187	听	$	11,221	听	$	9,250	听
听	听	听		听	听		听	听		听

听

听	听	December听31,					听

听	听	2012		听	2011		听
Long-lived assets(2):	听	听	听	听	听	听	听
乐天堂fun88(中国区)官方网站 Corporation	听	听	听	听	听	听	听
United States	听	$	1,387	听	$	1,390	听
The Netherlands	听	听	351	听	听	310	听
United Kingdom	听	听	314	听	听	306	听
Saudi Arabia	听	听	231	听	听	243	听
Germany	听	听	201	听	听	205	听
China	听	听	169	听	听	162	听
Italy	听	听	164	听	听	152	听
Switzerland	听	听	163	听	听	166	听
France	听	听	154	听	听	126	听
Spain	听	听	147	听	听	157	听
Other nations	听	听	464	听	听	405	听
听	听	听		听	听		听
Total	听	$	3,745	听	$	3,622	听
听	听	听		听	听		听
乐天堂fun88(中国区)官方网站 International	听	听	听	听	听	听	听
United States	听	$	1,299	听	$	1,278	听
The Netherlands	听	听	351	听	听	310	听
United Kingdom	听	听	314	听	听	306	听
Saudi Arabia	听	听	231	听	听	243	听
Germany	听	听	201	听	听	205	听
China	听	听	169	听	听	162	听
Italy	听	听	164	听	听	152	听
Switzerland	听	听	163	听	听	166	听
France	听	听	154	听	听	126	听
Spain	听	听	147	听	听	157	听
Other nations	听	听	463	听	听	405	听
听	听	听		听	听		听
Total	听	$	3,656	听	$	3,510	听
听	听	听		听	听		听

(1)听Geographic information for revenues is based upon countries into which product is sold.

(2)听Long-lived assets consist of property, plant and equipment, net.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 32

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 35

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 42

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

+ Details