DuPont 2012 Annual Report Download - page 27
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continued
(Dollars in millions)
$ 6,447 $ 6,815 $6,287
$1,013 $971 $994
16%14%16%
Price (2)% 13 %
Volume — % (4)%
Portfolio / Other (3)% (1)%
Total change (5)% 8 %
2012 versus 2011 Lower sales reflect a 3 percent reduction from a portfolio change and lower prices due to unfavorable currency impact. Stable packaging
markets and demand improvement in automotive were offset by continued softness in the industrial and electronics markets.
2012 PTOI and PTOI margin increased as lower feedstock costs more than offset a $92 million asset impairment charge noted above, unfavorable currency
impact and the absence of a $49 million benefit from the gain on the sale of a business recorded in the prior year.
2011 versus 2010 Higher selling prices reflect pricing actions which offset higher feedstock costs. Lower sales volume reflect broad-based channel
destocking with softening in consumer and industrial markets in the second half 2011, and production-related supply issues in ethylene-based polymers.
2011 PTOI was essentially flat. 2011 PTOI included a $49 million benefit from the gain on the sale of a business. 2010 PTOI included a combined $58
million gain on an asset purchase due to the acquisition and early termination of a supply agreement, a gain on the sale of a business and an insurance
recovery. Lower PTOI margin primarily reflects feedstock costs increasing at a higher rate than selling prices.
Outlook 2013 sales are expected to grow due to anticipated increases in global motor vehicle OEM builds, particularly in China. The segment is also
expected to benefit from volume growth in the consumer and industrial markets. PTOI is expected to improve due to the impact of higher volume and science-
based innovations for products and processes, partially offset by higher feedstock costs.
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