Dow Chemical 2014 Annual Report Download - page 156

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132
Performance Plastics
The Performance Plastics segment is the world’s leading plastics franchise, and is a market-oriented portfolio composed of
five global businesses: Dow Elastomers, Dow Electrical and Telecommunications, Dow Packaging and Specialty Plastics,
Energy and Hydrocarbons. The segment is advantaged through its low cost position into key feedstocks and benefits from
Dow’s R&D expertise to deliver leading-edge technology that provides a competitive benefit to customers in key strategic
markets. The Performance Plastics segment also includes the results of Univation Technologies, LLC, The Kuwait Styrene
Company K.S.C. and The SCG-Dow Group as well as a portion of the results of EQUATE Petrochemicals Company
K.S.C., The Kuwait Olefins Company K.S.C., Map Ta Phut Olefins Limited and the Sadara Chemical Company, all joint
ventures of the Company.
Divestiture:
On December 2, 2013, the Company sold its Polypropylene Licensing and Catalysts business to W. R. Grace & Co. This
business was reported in the Performance Plastics segment through the date of divestiture. See Note 5 for additional
information on this divestiture.
Corporate
Corporate includes certain enterprise and governance activities (including insurance operations, geographic management,
risk management such as foreign currency hedging activities, audit fees, donations, Company branding initiatives, etc.); the
results of Ventures (including business incubation platforms, non-business aligned joint ventures, and venture capital);
environmental operations; gains and losses on the sales of financial assets; severance costs; non-business aligned litigation
expenses (including asbestos-related defense costs and reserve adjustments); and, foreign exchange results.
The Company operates 201 manufacturing sites in 35 countries. The United States is home to 73 of these sites, representing
59 percent of the Company’s long-lived assets. Sales are attributed to geographic areas based on customer location; long-lived
assets are attributed to geographic areas based on asset location.
Geographic Area Information (1)
United States
Europe,
Middle East,
Africa and
India Rest of World Total
In millions
2014
Sales to external customers $ 19,449 $ 19,671 $ 19,047 $ 58,167
Long-lived assets $ 10,605 $ 2,628 $ 4,818 $ 18,051
2013
Sales to external customers $ 18,712 $ 19,208 $ 19,160 $ 57,080
Long-lived assets $ 9,320 $ 3,256 $ 4,878 $ 17,454
2012
Sales to external customers $ 18,391 $ 20,038 $ 18,357 $ 56,786
Long-lived assets $ 8,953 $ 3,426 $ 5,141 $ 17,520
(1) The Indian subcontinent, previously reported with Rest of World, is now aligned with Europe, Middle East, Africa and India;
prior period sales and long-lived assets have been adjusted to reflect this realignment.