DuPont 2010 Annual Report Download - page 18

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Part II
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS, continued
Analysis of Operations
(Dollars in millions) 2010 2009 2008
NET SALES $31,505 $26,109 $30,529
2010 versus 2009 Consolidated net sales for 2010 were $31.5 billion, up 21 percent. This increase reflects 17 percent
higher sales volume, a 5 percent increase in local selling prices, and a 1 percent net reduction from portfolio changes.
Sales volume was higher across all segments with volume improving 13 percent in the United States and 19 percent
outside the United States. Sales in developing markets of $10.2 billion improved 27 percent from 2009, and the
percentage of total company sales in these markets increased to 32 percent from 31 percent.
The table below shows a regional breakdown of 2010 consolidated net sales based on location of customers and
percentage variances from prior year:
Percent Change Due to:
Percent
2010 Change vs. Local Currency
(Dollars in billions) Net Sales 2009 Price Effect Volume Portfolio
Worldwide $31.5 21 5 - 17 (1)
United States 11.5 17 5 - 13 (1)
Europe, Middle East, and Africa
(EMEA) 8.1 14 4 (3) 13 -
Asia Pacific 7.3 40 6 2 33 (1)
Latin America 3.7 17 4 2 13 (2)
Canada 0.9 20 3 9 9 (1)
2009 versus 2008 Consolidated net sales for 2009 were $26.1 billion, down 14 percent. This reflects 12 percent lower
volume, a 1 percent increase in local selling prices, and 3 percent unfavorable currency exchange. The full year
worldwide sales volume decline reflects decreases in every region for the first 9 months of the year, partly offset by year
over year volume increases in certain markets during the fourth quarter. Sales in developing markets of $8 billion
declined 9 percent from 2008, while the percentage of total company sales in these markets increased to 31 percent.
17