Attached files
Exhibit 99.18
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Inc. operating segment trade working capital)
% of Annualized Sales#
|
||||||||
Monthly Actual % | ||||||||
2007
|
2008
|
2009 | 2010 | |||||
January
|
|
17.0
|
* | 16.9 | 14.0 | |||
February
|
|
16.7
|
* | 16.9 | 13.7 | |||
March
|
|
15.6
|
* | 16.3 | 12.3 | |||
April
|
|
15.5
|
* | 15.9 | 12.2 | |||
May
|
|
15.1
|
* | 16.0 | 11.9 | |||
June
|
|
15.2
|
* | 14.9 | 12.6 | |||
July
|
|
14.6
|
* | 14.4 | 12.5 | |||
August
|
|
14.5
|
* | 13.9 | 12.4 | |||
September
|
|
13.7
|
* | 12.7 | 12.2 | |||
October
|
16.3
|
* |
13.3
|
* | 13.2 | 12.6 | ||
November
|
16.6
|
* | 14.1 | 13.6 | 12.8 | |||
December
|
17.1
|
* | 16.2 | 14.1 |
NOTE: Ashland's fiscal 2011 operating segment trade working capital target is a 13 month average of 13.4%.
* Data has been adjusted to include the historical Hercules businesses, preceding its purchase in November 2008.
# Selected Working Capital Components - November 30, 2010
|
||||||||||||||||
Unaudited Data
|
||||||||||||||||
($ in millions)
|
Operating |
Other
|
||||||||||||||
segments | (a) |
components
|
(b) |
Total
|
||||||||||||
Accounts receivable (c)
|
1,471 | (426 | ) |
|
1,045 | |||||||||||
Inventories (d)
|
838 | (357 | ) | 481 | ||||||||||||
(Less) Trade and other payables
|
(1,105 | ) | (119 | ) |
|
(1,224 | ) | |||||||||
Net
|
1,204 | (902 | ) | 302 | ||||||||||||
(a) Represents amounts considered in internal performance metrics applicable to most employees and includes Ashland Distribution.
|
||||||||||||||||
(b) Amount relates primarily to items within Corporate reporting segments and assets/liabilities held for sale, including Ashland Distribution.
|
||||||||||||||||
(c) Accounts receivable is shown net of allowances for doubtful accounts.
|
||||||||||||||||
(d) Operating segment amount excludes LIFO reserve, which is presented under other components.
|