DuPont 2014 Annual Report Download - page 74

Download and view the complete annual report

Please find page 74 of the 2014 DuPont annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-21
8. INVENTORIES
December 31, 2014 2013
Finished products $ 4,628 $ 4,645
Semifinished products 2,451 2,576
Raw materials, stores and supplies 1,255 1,360
8,334 8,581
Adjustment of inventories to a LIFO basis (493)(539)
$ 7,841 $ 8,042
9. PROPERTY, PLANT AND EQUIPMENT
December 31, 2014 2013
Buildings $ 5,318 $ 5,283
Equipment 24,990 24,714
Land 667 671
Construction 2,353 1,763
$ 33,328 $ 32,431
10. GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2014 and 2013,
by reportable segment:
Balance as of
December 31,
2014
Goodwill
Adjustments
and
Acquisitions
Balance as of
December 31,
2013
Goodwill
Adjustments
and
Acquisitions
Balance as of
December 31,
2012
Agriculture $ 318 $ (12) $ 330 $ 99 $ 231
Electronics & Communications 149 — 149 — 149
Industrial Biosciences 847 (51) 898 8 890
Nutrition & Health 2,193 (122) 2,315 1 2,314
Performance Chemicals 197 (1) 198 — 198
Performance Materials 375 — 375 (13) 388
Safety & Protection 450 2 448 2 446
Total $ 4,529 $ (184) $ 4,713 $ 97 $ 4,616
Changes in goodwill in 2014 primarily relate to currency translation adjustments. Changes in goodwill in 2013 primarily relate
to goodwill associated with an acquisition in the Agriculture segment. In 2014 and 2013, the company performed impairment
tests for goodwill and determined that no goodwill impairments existed.