Dow Chemical 2012 Annual Report Download - page 163

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137
Operating Segment Information Electronic
and
Functional
Materials
Coatings
and
Infra-
structure
Solutions
Ag
Sciences
Perf
Materials
Perf
Plastics
Feedstocks
and Energy Corp TotalIn millions
2012
Sales to external customers $ 4,481 $ 6,898 $ 6,382 $ 13,608 $ 14,479 $ 10,695 $ 243 $ 56,786
Intersegment revenues (1) — — — 107 — 43 (150) —
Equity in earnings (losses) of nonconsolidated affiliates 94 50 1 (92) 134 452 (103) 536
Goodwill impairment loss (2) — — — 220 — — — 220
Restructuring charges (3) 65 53 — 378 26 7 814 1,343
EBITDA (4) 958 823 977 1,036 3,018 718 (1,939) 5,591
Total assets 11,448 11,630 6,367 11,073 11,193 5,276 12,618 69,605
Investment in nonconsolidated affiliates 462 1,041 86 167 1,264 128 973 4,121
Depreciation and amortization 420 476 176 703 673 141 109 2,698
Capital expenditures 268 269 316 287 264 1,163 47 2,614
2011
Sales to external customers $ 4,599 $ 7,200 $ 5,655 $ 14,647 $ 16,257 $ 11,302 $ 325 $ 59,985
Intersegment revenues (1) — — — 91 — 23 (114) —
Equity in earnings (losses) of nonconsolidated affiliates 104 321 4 (31) 303 561 (39) 1,223
Acquisition-related integration expenses (5) — — — —— —3131
EBITDA (4) 1,084 1,167 913 1,748 3,440 940 (1,507) 7,785
Total assets 11,386 11,935 5,746 10,936 11,583 5,116 12,522 69,224
Investment in nonconsolidated affiliates 350 1,104 50 198 1,376 127 200 3,405
Depreciation and amortization 439 548 167 635 754 212 128 2,883
Capital expenditures 247 365 352 567 251 886 19 2,687
2010
Sales to external customers $ 4,203 $ 6,596 $ 4,869 $ 13,957 $ 15,260 $ 8,457 $ 332 $ 53,674
Intersegment revenues (1) — 9 — 97 2 37 (145) —
Equity in earnings (losses) of nonconsolidated affiliates 106 343 2 16 254 407 (16) 1,112
Restructuring charges (3) 8 20 — — — — (2) 26
Acquisition-related integration expenses (5) — — — — — — 143 143
Asbestos-related credit (6) — — — — — — (54) (54)
EBITDA (4) 1,052 1,230 640 1,714 3,565 471 (1,472) 7,200
Total assets 11,642 12,447 5,528 11,376 12,634 5,412 10,549 69,588
Investment in nonconsolidated affiliates 357 1,099 42 167 1,602 97 89 3,453
Depreciation and amortization 448 638 147 627 760 216 126 2,962
Capital expenditures 221 239 245 621 202 602 — 2,130
(1) Includes revenues generated by transfers of product to Agricultural Sciences from other segments, generally at market-based prices. Other transfers of
products between operating segments are generally valued at cost.
(2) See Note 9 for information regarding the goodwill impairment loss.
(3) See Note 3 for information regarding restructuring charges.
(4) A reconciliation of EBITDA to “Income Before Income Taxes” is provided below.
(5) See Note 4 for information regarding acquisition-related integration expenses.
(6) See Note 14 for information regarding the asbestos-related credit.