Dow Chemical 2015 Annual Report Download - page 151

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141
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 TKSC and The SCG-Dow Group as well as a
portion of the results of EQUATE, TKOC, Map Ta Phut Olefins Limited and Sadara, all joint ventures of the Company.
Acquisition:
On May 5, 2015, Univation Technologies, LLC, previously a 50:50 joint venture between Dow and ExxonMobil,
became a wholly owned subsidiary of Dow. See Note 4 for additional information on this step acquisition.
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 and non-business aligned joint ventures); 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 179 manufacturing sites in 35 countries. The United States is home to 55 of these sites, representing
62 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
United States
Europe,
Middle East,
Africa and
India Rest of World Total
In millions
2015
Sales to external customers $ 16,821 $ 15,291 $ 16,666 $ 48,778
Long-lived assets $ 11,062 $ 2,172 $ 4,620 $ 17,854
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