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Registration of securities issued in business combination transactions

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA

v2.4.0.6
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2012
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA Ìý
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA

29. SELECTED UNAUDITED QUARTERLY FINANCIAL DATA

ÌýÌýÌýÌýÌýÌýÌýÌýA summary of selected unaudited quarterly financial data for the years ended DecemberÌý31, 2012 and 2011 is as follows (dollars in millions):

Ìý
 Ìý Three months ended Ìý
Ìý
 Ìý MarchÌý31,
2012(1)		 Ìý JuneÌý30,
2012		 Ìý SeptemberÌý30,
2012(1)		 Ìý DecemberÌý31,
2012(1)(2)		 Ìý

Revenues

 Ìý $ 2,913 Ìý $ 2,914 Ìý $ 2,741 Ìý $ 2,619 Ìý

Gross profit

 Ìý Ìý 554 Ìý Ìý 532 Ìý Ìý 542 Ìý Ìý 413 Ìý

Restructuring, impairment and plant closing costs

 Ìý Ìý â€� Ìý Ìý 5 Ìý Ìý 47 Ìý Ìý 40 Ìý

Income (loss) from continuing operations

 Ìý Ìý 170 Ìý Ìý 133 Ìý Ìý 121 Ìý Ìý (44 )

Income (loss) before extraordinary gain

 Ìý Ìý 166 Ìý Ìý 131 Ìý Ìý 120 Ìý Ìý (44 )

Net income (loss)

 Ìý Ìý 166 Ìý Ìý 131 Ìý Ìý 121 Ìý Ìý (43 )

Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ InternationalÌýLLC

 Ìý Ìý 166 Ìý Ìý 127 Ìý Ìý 117 Ìý Ìý (45 )


Ìý

Ìý
 Ìý Three months ended Ìý
Ìý
 Ìý MarchÌý31,
2011		 Ìý JuneÌý30,
2011		 Ìý SeptemberÌý30,
2011(3)		 Ìý DecemberÌý31,
2011(4)		 Ìý

Revenues

 Ìý $ 2,679 Ìý $ 2,934 Ìý $ 2,976 Ìý $ 2,632 Ìý

Gross profit

 Ìý Ìý 465 Ìý Ìý 505 Ìý Ìý 495 Ìý Ìý 393 Ìý

Restructuring, impairment and plant closing costs

 Ìý Ìý 7 Ìý Ìý 9 Ìý Ìý 155 Ìý Ìý (4 )

Income (loss) from continuing operations

 Ìý Ìý 81 Ìý Ìý 127 Ìý Ìý (39 ) Ìý 88 Ìý

Income (loss) before extraordinary gain

 Ìý Ìý 67 Ìý Ìý 126 Ìý Ìý (29 ) Ìý 92 Ìý

Net income (loss)

 Ìý Ìý 68 Ìý Ìý 127 Ìý Ìý (29 ) Ìý 94 Ìý

Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ InternationalÌýLLC

 Ìý Ìý 63 Ìý Ìý 117 Ìý Ìý (31 ) Ìý 104 Ìý
(1)
During 2012, our Polyurethanes segment implemented a restructuring program to reduce annualized fixed costs by $75Ìýmillion by the third quarter of 2013. In connection with this program, we recorded restructuring expenses of $5Ìýmillion, $32Ìýmillion and $1Ìýmillion in the first, third and fourth quarters of 2012, respectively.

(2)
During the fourth quarter of 2012, our Advanced Materials segment began implementing a global transformational change program, subject to consultation with relevant employee representatives, designed to improve the segment's manufacturing efficiencies, enhance commercial excellence and ensure its long-term global competitiveness. In connection with this global transformational change program, we recorded charges of $28Ìýmillion related primarily to workforce reduction costs.

  • Also during the fourth quarter of 2012, we recorded a loss on early extinguishment of debt of $77Ìýmillion in connection with the redemption of $400Ìýmillion of our 2016 Senior Notes.

(3)
During the quarter ended SeptemberÌý30, 2011, we announced plans to implement a significant restructuring of our Textile Effects business, including the closure of our production facilities and business support offices in Basel, Switzerland. In connection with this plan during 2011, we recorded a charge of $62Ìýmillion for workforce reduction and a noncash $53Ìýmillion charge for the impairment of long-lived assets at our Basel, Switzerland manufacturing facility.

(4)
During the quarter ended DecemberÌý31, 2011, our Advanced Materials division completed the sale of its stereolithography resin and Digitalis® machine manufacturing businesses to 3D Systems Corporation and recognized a pre-tax gain of $34Ìýmillion.