Attached files
Exhibit
99.01
Presentation
of Revised Segment Financial Information
In first
quarter 2010, the Company transferred certain intermediates product lines from
the Performance Polymers segment to the Performance Chemicals and Intermediates
segment to improve optimization of manufacturing assets supporting the three raw
material streams that supply the Company’s downstream
businesses. The revised segment composition reflects how
management views and evaluates operations.
Segment
sales and operating results, as presented below, were reclassified for the above
change. The following tables reflect the revision of selected
financial information for each of the years ended December 31, 2009, 2008, 2007,
2006, and 2005, respectively, on the new basis (in millions):
As
Reported
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
Performance
Chemicals and Intermediates
|
||||||||||||||||||||
Sales
|
$ | 1,330 | $ | 2,160 | $ | 2,095 | $ | 1,659 | $ | 1,560 | ||||||||||
Operating
Earnings
|
63 | 153 | 220 | 132 | 143 | |||||||||||||||
Performance
Polymers
|
||||||||||||||||||||
Sales
|
$ | 719 | $ | 1,074 | $ | 1,413 | $ | 1,971 | $ | 1,987 | ||||||||||
Operating
Earnings (Loss)
|
(66 | ) | (57 | ) | (207 | ) | 68 | 159 | ||||||||||||
Revised
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
Performance
Chemicals and Intermediates
|
||||||||||||||||||||
Sales
|
$ | 1,398 | $ | 2,443 | $ | 2,191 | $ | 1,749 | $ | 1,651 | ||||||||||
Operating
Earnings
|
48 | 150 | 229 | 138 | 142 | |||||||||||||||
Performance
Polymers
|
||||||||||||||||||||
Sales
|
$ | 651 | $ | 791 | $ | 1,317 | $ | 1,881 | $ | 1,896 | ||||||||||
Operating
Earnings (Loss)
|
(51 | ) | (54 | ) | (216 | ) | 62 | 160 | ||||||||||||
150