DuPont 2014 Annual Report Download - page 32

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Part II
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS, continued
31
SAFETY & PROTECTION
(Dollars in millions) 2014 2013 2012
Segment sales $ 3,896 $ 3,884 $ 3,825
PTOI $ 742 $ 694 $ 562
PTOI margin 19% 18% 15%
2014 2013
Change in segment sales from prior period due to:
Price (1)% (1)%
Volume 3 % 3 %
Portfolio / Other (2)% — %
Total change — % 2 %
2014 versus 2013 Full year 2014 segment sales of $3.9 billion were essentially equal to prior year, as increased demand for
Nomex® thermal resistant fiber and Kevlar® high strength materials was offset by impact of portfolio changes and lower sales for
clean technologies offerings.
2014 PTOI and PTOI margin increased, due primarily to the above mentioned increase in volumes, productivity improvements
and lower product costs, partially offset by a net change in restructuring charges of $56 million (see Note 3 to the Consolidated
Financial Statements for additional information related to the 2014 restructuring program).
2013 versus 2012 The sales increase was driven by higher volume reflecting improved demand in industrial markets, protective
garments, and construction products which offset softness in global public sector spending.
2013 PTOI and PTOI margin increased on higher volume, primarily in industrial markets, productivity improvements, and the
absence of $58 million of restructuring charges recorded in 2012, partially offset by weaker sales mix.
Outlook Full year 2015 segment sales are expected to be flat as volume growth will be offset by the impact of portfolio changes
and currency. PTOI is expected to be up in the low teens on a percentage basis as increased volumes and continued productivity
will be partially offset by portfolio changes and currency.