XML 57 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Operating Segments and Geographic Area Information | 12 Months Ended
--- | ---
Dec. 31, 2013
Segment Reporting [Abstract] |
Operating Segments and Geographic Area Information | Operating Segments and Geographic Area Information: Effective January 1, 2014, the Company’s assets and businesses were realigned under two operating segments to better align the Company’s resources to support its ongoing business strategy. The Performance Chemicals segment includes Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories, consolidating our bromine, mineral and custom manufacturing assets under one business unit. The Catalyst Solutions segment includes Refinery Catalyst Solutions, Performance Catalyst Solutions and Antioxidants product categories. Each segment has a dedicated team of sales, research and development, process engineering, manufacturing and sourcing, and business strategy personnel and has full accountability for improving execution through greater asset and market focus, agility and responsiveness. The new structure also facilitates the continued standardization of business processes across the organization as part of our ongoing One Albemarle strategy. The new segment structure is consistent with the manner in which information is presently used internally by the Company’s chief operating decision maker to evaluate performance and make resource allocation decisions, and each segment president is responsible for execution of the segment’s business strategy. Segment income represents segment operating profit and equity in net income of unconsolidated investments and is reduced by net income attributable to noncontrolling interests. Segment data includes intersegment transfers of raw materials at cost and allocations for certain corporate costs. Summarized financial information concerning our reportable segments is shown in the following tables. Results for all periods presented have been recast to reflect the change in operating segments noted above. The Corporate & other segment includes corporate-related items not allocated to the reportable segments. Pension and OPEB service cost (which represents the benefits earned by active employees during the period) and amortization of prior service cost or benefit are allocated to each segment whereas the remaining components of pension and OPEB benefits cost or credit are included in Corporate and other.
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
|  |  | (In thousands) |  |
Net sales: |  |  |  |  |
Performance Chemicals | $ | 1,430,652 |  |  | $ | 1,506,960 |  |  | $ | 1,586,246 |
Catalyst Solutions | 1,185,764 |  |  | 1,238,460 |  |  | 1,282,759 |
Total net sales | $ | 2,616,416 |  |  | $ | 2,745,420 |  |  | $ | 2,869,005 |
Segment operating profit: |  |  |  |  |
Performance Chemicals | $ | 324,602 |  |  | $ | 405,764 |  |  | $ | 435,478 |
Catalyst Solutions | 210,229 |  |  | 241,624 |  |  | 267,147 |
Total segment operating profit | 534,831 |  |  | 647,388 |  |  | 702,625 |
Equity in net income of unconsolidated investments: |  |  |  |  |
Performance Chemicals | 8,875 |  |  | 6,416 |  |  | 7,696 |
Catalyst Solutions | 22,854 |  |  | 31,651 |  |  | 36,259 |
Corporate & other | — |  |  | — |  |  | (201 | )
Total equity in net income of unconsolidated investments | 31,729 |  |  | 38,067 |  |  | 43,754 |
Net (income) loss attributable to noncontrolling interests: |  |  |  |  |
Performance Chemicals | (26,663 | ) |  | (18,571 | ) |  | (28,109 | )
Corporate & other | — |  |  | (20 | ) |  | 26 |
Total net income attributable to noncontrolling interests | (26,663 | ) |  | (18,591 | ) |  | (28,083 | )
Segment income: |  |  |  |  |
Performance Chemicals | 306,814 |  |  | 393,609 |  |  | 415,065 |
Catalyst Solutions | 233,083 |  |  | 273,275 |  |  | 303,406 |
Total segment income | 539,897 |  |  | 666,884 |  |  | 718,471 |
Corporate & other(a) | 81,439 |  |  | (129,559 | ) |  | (185,006 | )
Restructuring and other charges(b) | (33,361 | ) |  | (111,685 | ) |  | — |
Interest and financing expenses | (31,559 | ) |  | (32,800 | ) |  | (37,574 | )
Other (expenses) income, net | (6,923 | ) |  | 1,229 |  |  | 357 |
Income tax expense | (136,322 | ) |  | (82,533 | ) |  | (104,134 | )
Net income attributable to Albemarle Corporation | $ | 413,171 |  |  | $ | 311,536 |  |  | $ | 392,114 |
(a) | For the years ended December 31, 2013, 2012 and 2011, Corporate and other includes $143.1 million, $(68.0) million and $(89.2) million, respectively, of pension and OPEB plan credits (costs) (including mark-to-market actuarial gains and losses).
(b) | See Note 19, “Special Items.”
| As of December 31,
| 2013 |  | 2012 |  | 2011
|  |  | (In thousands) |  |
Identifiable assets: |  |  |  |  |
Performance Chemicals | $ | 1,132,870 |  |  | $ | 1,113,038 |  |  | $ | 1,014,176 |
Catalyst Solutions | 1,692,088 |  |  | 1,569,851 |  |  | 1,499,952 |
Corporate & other | 759,839 |  |  | 754,402 |  |  | 689,696 |
Total identifiable assets | $ | 3,584,797 |  |  | $ | 3,437,291 |  |  | $ | 3,203,824 |
Goodwill: |  |  |  |  |
Performance Chemicals | $ | 46,635 |  |  | $ | 46,551 |  |  | $ | 46,130 |
Catalyst Solutions | 237,568 |  |  | 230,415 |  |  | 227,015 |
Total goodwill | $ | 284,203 |  |  | $ | 276,966 |  |  | $ | 273,145 |
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
|  |  | (In thousands) |  |
Depreciation and amortization: |  |  |  |  |
Performance Chemicals | $ | 47,572 |  |  | $ | 41,831 |  |  | $ | 42,085 |
Catalyst Solutions | 57,610 |  |  | 55,275 |  |  | 53,333 |
Corporate & other | 2,188 |  |  | 1,914 |  |  | 1,335 |
Total depreciation and amortization | $ | 107,370 |  |  | $ | 99,020 |  |  | $ | 96,753 |
Capital expenditures: |  |  |  |  |
Performance Chemicals | $ | 94,506 |  |  | $ | 156,648 |  |  | $ | 110,035 |
Catalyst Solutions | 60,326 |  |  | 122,746 |  |  | 65,308 |
Corporate & other | 514 |  |  | 1,479 |  |  | 15,231 |
Total capital expenditures | $ | 155,346 |  |  | $ | 280,873 |  |  | $ | 190,574 |
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
|  |  | (In thousands) |  |
Net Sales:(a) |  |  |  |  |
United States | $ | 1,022,220 |  |  | $ | 1,053,068 |  |  | $ | 1,106,580 |
Foreign | 1,594,196 |  |  | 1,692,352 |  |  | 1,762,425 |
Total | $ | 2,616,416 |  |  | $ | 2,745,420 |  |  | $ | 2,869,005 |
(a) | No sales in a foreign country exceed 10% of total net sales. Also, net sales are attributed to countries based upon shipments to final destination.
| As of December 31,
| 2013 |  | 2012 |  | 2011
|  |  | (In thousands) |  |
Long-Lived Assets: |  |  |  |  |
United States | $ | 748,719 |  |  | $ | 735,269 |  |  | $ | 652,022 |
Netherlands | 193,775 |  |  | 192,540 |  |  | 185,799 |
Jordan | 227,818 |  |  | 209,133 |  |  | 141,725 |
Brazil | 78,078 |  |  | 85,353 |  |  | 83,452 |
Germany | 86,175 |  |  | 72,797 |  |  | 70,051 |
China | 41,858 |  |  | 39,542 |  |  | 64,449 |
France | 34,523 |  |  | 32,305 |  |  | 28,652 |
Korea | 86,827 |  |  | 81,962 |  |  | 25,008 |
United Kingdom | 3,665 |  |  | — |  |  | 12,436 |
Other foreign countries | 47,139 |  |  | 33,598 |  |  | 46,323 |
Total | $ | 1,548,577 |  |  | $ | 1,482,499 |  |  | $ | 1,309,917 |
Net sales to external customers by product category in each of the segments consists of the following:
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
|  |  | (In thousands) |  |
Performance Chemicals: |  |  |  |  |
Fire Safety Solutions | $ | 620,972 |  |  | $ | 665,293 |  |  | $ | 780,541 |
Specialty Chemicals | 520,998 |  |  | 519,606 |  |  | 515,511 |
Fine Chemistry Services | 288,682 |  |  | 322,061 |  |  | 290,194 |
Total Performance Chemicals | $ | 1,430,652 |  |  | $ | 1,506,960 |  |  | $ | 1,586,246 |
Catalyst Solutions: |  |  |  |  |
Refinery Catalyst Solutions | $ | 768,837 |  |  | $ | 794,933 |  |  | $ | 851,482 |
Performance Catalyst Solutions | 232,769 |  |  | 273,015 |  |  | 265,381 |
Antioxidants | 184,158 |  |  | 170,512 |  |  | 165,896 |
Total Catalyst Solutions | $ | 1,185,764 |  |  | $ | 1,238,460 |  |  | $ | 1,282,759 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration