XML 74 R61.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Information Summarized Financial Information by Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales |  | $ 669,327 | $ 718,290 | $ 1,326,538 | $ 1,410,603
Adjusted EBITDA |  | 190,471 | 181,358 | 382,504 | 400,858
Depreciation and amortization |  |  |  | (128,505) | (131,469)
Gain (loss) on sales of businesses, net |  | 974 | 0 | 122,298 | 0
Acquisition and integration related costs |  | (19,030) | (22,832) | (37,588) | (80,657)
Interest and financing expenses |  | (15,800) | (20,599) | (30,914) | (42,899)
Income tax expense |  | (23,656) | (14,851) | (49,141) | (28,636)
(Loss) income from discontinued operations (net of tax) |  | (398,340) | 10,122 | (381,028) | 8,024
Net (loss) income attributable to Albemarle Corporation |  | (314,821) | 52,147 | (86,635) | 95,262
All Other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales |  | 50,626 | 113,404 | 122,715 | 235,773
Adjusted EBITDA |  | 876 | 9,714 | 9,340 | 23,278
Corporate |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales |  | 473 | 3,351 | 2,290 | 5,763
Adjusted EBITDA |  | (21,221) | (25,238) | (40,808) | 7,977
Reportable Segments | Lithium and Advanced Materials |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales |  | 233,353 | 213,003 | 449,526 | 411,777
Adjusted EBITDA |  | 82,668 | 79,985 | 169,142 | 157,580
Reportable Segments | Bromine Specialties |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales |  | 206,863 | 223,959 | 403,416 | 413,551
Adjusted EBITDA |  | 66,562 | 68,697 | 128,170 | 121,630
Reportable Segments | Refining Solutions |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales |  | 178,012 | 164,573 | 348,591 | 343,739
Adjusted EBITDA |  | 61,586 | 48,200 | 116,660 | 90,393
Continuing Operations |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | 190,471 | 181,358 | 382,504 | 400,858
Depreciation and amortization |  | (49,705) | (48,372) | (93,314) | (94,162)
Utilization of inventory markup | [1] |  | (34,201) |  | (65,434)
Gain (loss) on sales of businesses, net | [2] | 974 |  | 122,298 |
Acquisition and integration related costs | [3] | (19,030) | (22,832) | (37,588) | (80,657)
Interest and financing expenses |  | (15,800) | (20,599) | (30,914) | (42,899)
Income tax expense |  | (23,656) | (14,851) | (49,141) | (28,636)
(Loss) income from discontinued operations (net of tax) |  | (398,340) | 10,122 | (381,028) | 8,024
Non-operating pension and OPEB items |  | 265 | 1,522 | 548 | 2,609
Other | [4] |  |  |  | (4,441)
Net (loss) income attributable to Albemarle Corporation |  | (314,821) | 52,147 | (86,635) | 95,262
Continuing Operations | All Other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | 876 | 9,714 | 9,340 | 23,278
Depreciation and amortization |  | (3,353) | (5,724) | (3,965) | (11,222)
Utilization of inventory markup | [1] |  | (378) |  | (3,029)
Gain (loss) on sales of businesses, net | [2] | 974 |  | 123,831 |
Acquisition and integration related costs | [3] | 0 | 0 | 0 | 0
Interest and financing expenses |  | 0 | 0 | 0 | 0
Income tax expense |  | 0 | 0 | 0 | 0
(Loss) income from discontinued operations (net of tax) |  | 0 | 0 | 0 | 0
Non-operating pension and OPEB items |  | 0 | 0 | 0 | 0
Other | [4] |  |  |  | 0
Net (loss) income attributable to Albemarle Corporation |  | (1,503) | 3,612 | 129,206 | 9,027
Continuing Operations | Corporate |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | (21,221) | (25,238) | (40,808) | 7,977
Depreciation and amortization |  | (1,635) | (2,322) | (2,970) | (4,221)
Utilization of inventory markup | [1] |  | 0 |  | 0
Gain (loss) on sales of businesses, net | [2] | 0 |  | (1,533) |
Acquisition and integration related costs | [3] | (19,030) | (22,832) | (37,588) | (80,657)
Interest and financing expenses |  | (15,800) | (20,599) | (30,914) | (42,899)
Income tax expense |  | (23,656) | (14,851) | (49,141) | (28,636)
(Loss) income from discontinued operations (net of tax) |  | (398,340) | 10,122 | (381,028) | 8,024
Non-operating pension and OPEB items |  | 265 | 1,522 | 548 | 2,609
Other | [4] |  |  |  | (4,441)
Net (loss) income attributable to Albemarle Corporation |  | (479,417) | (74,198) | (543,434) | (142,244)
Continuing Operations | Reportable Segments | Lithium and Advanced Materials |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | 82,668 | 79,985 | 169,142 | 157,580
Depreciation and amortization |  | (25,788) | (23,632) | (48,935) | (45,454)
Utilization of inventory markup | [1] |  | (33,823) |  | (62,405)
Gain (loss) on sales of businesses, net | [2] | 0 |  | 0 |
Acquisition and integration related costs | [3] | 0 | 0 | 0 | 0
Interest and financing expenses |  | 0 | 0 | 0 | 0
Income tax expense |  | 0 | 0 | 0 | 0
(Loss) income from discontinued operations (net of tax) |  | 0 | 0 | 0 | 0
Non-operating pension and OPEB items |  | 0 | 0 | 0 | 0
Other | [4] |  |  |  | 0
Net (loss) income attributable to Albemarle Corporation |  | 56,880 | 22,530 | 120,207 | 49,721
Continuing Operations | Reportable Segments | Bromine Specialties |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | 66,562 | 68,697 | 128,170 | 121,630
Depreciation and amortization |  | (9,815) | (8,211) | (19,570) | (16,672)
Utilization of inventory markup | [1] |  | 0 |  | 0
Gain (loss) on sales of businesses, net | [2] | 0 |  | 0 |
Acquisition and integration related costs | [3] | 0 | 0 | 0 | 0
Interest and financing expenses |  | 0 | 0 | 0 | 0
Income tax expense |  | 0 | 0 | 0 | 0
(Loss) income from discontinued operations (net of tax) |  | 0 | 0 | 0 | 0
Non-operating pension and OPEB items |  | 0 | 0 | 0 | 0
Other | [4] |  |  |  | 0
Net (loss) income attributable to Albemarle Corporation |  | 56,747 | 60,486 | 108,600 | 104,958
Continuing Operations | Reportable Segments | Refining Solutions |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | 61,586 | 48,200 | 116,660 | 90,393
Depreciation and amortization |  | (9,114) | (8,483) | (17,874) | (16,593)
Utilization of inventory markup | [1] |  | 0 |  | 0
Gain (loss) on sales of businesses, net | [2] | 0 |  | 0 |
Acquisition and integration related costs | [3] | 0 | 0 | 0 | 0
Interest and financing expenses |  | 0 | 0 | 0 | 0
Income tax expense |  | 0 | 0 | 0 | 0
(Loss) income from discontinued operations (net of tax) |  | 0 | 0 | 0 | 0
Non-operating pension and OPEB items |  | 0 | 0 | 0 | 0
Other | [4] |  |  |  | 0
Net (loss) income attributable to Albemarle Corporation |  | 52,472 | 39,717 | 98,786 | 73,800
Continuing Operations | Reportable Segments | Reportable Segments Total |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Adjusted EBITDA |  | 210,816 | 196,882 | 413,972 | 369,603
Depreciation and amortization |  | (44,717) | (40,326) | (86,379) | (78,719)
Utilization of inventory markup | [1] |  | (33,823) |  | (62,405)
Gain (loss) on sales of businesses, net | [2] | 0 |  | 0 |
Acquisition and integration related costs | [3] | 0 | 0 | 0 | 0
Interest and financing expenses |  | 0 | 0 | 0 | 0
Income tax expense |  | 0 | 0 | 0 | 0
(Loss) income from discontinued operations (net of tax) |  | 0 | 0 | 0 | 0
Non-operating pension and OPEB items |  | 0 | 0 | 0 | 0
Other | [4] |  |  |  | 0
Net (loss) income attributable to Albemarle Corporation |  | $ 166,099 | $ 122,733 | $ 327,593 | $ 228,479
[1] | In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition Closing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103.4 million. The inventory markup was expensed over the estimated remaining selling period. For the three-month and six-month periods ended June 30, 2015, $24.2 million and $47.5 million, respectively, was included in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $10.0 million and $17.9 million, respectively, related to the utilization of the inventory markup.
[2] | See Note 3, “Divestitures,”
[3] | See Note 2, “Acquisitions,”
[4] | Financing-related fees expensed in connection with the acquisition of Rockwood.

X
- Definition Adjusted EBITDA + References No definition available. + Details
Name: | alb_AdjustedEBITDA
Namespace Prefix: | alb_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Defined benefit pension and other postretirement credits (costs) included in corporate and other + References No definition available. + Details
Name: | alb_DefinedBenefitPensionAndOtherPostretirementCreditsCostsIncludedInCorporateAndOther
Namespace Prefix: | alb_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other Reconciling Items to Adjusted EBITDA + References No definition available. + Details
Name: | alb_OtherReconcilingItemstoAdjustedEBITDA
Namespace Prefix: | alb_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Utilization of Inventory Markup + References No definition available. + Details
Name: | alb_UtilizationofInventoryMarkup
Namespace Prefix: | alb_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=73531572&loc=d3e1043-128460 + Details
Name: | us-gaap_BusinessCombinationAcquisitionRelatedCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationDepletionAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. + References No definition available. + Details
Name: | us-gaap_GainLossOnSaleOfBusiness
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(12)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=65878427&loc=d3e1012-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3B -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721525-107759 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721523-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65878427&loc=d3e957-107759 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 + Details
Name: | us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Income Tax Expense (or Benefit) -URI http://asc.fasb.org/extlink&oid=6515339 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
Name: | us-gaap_InterestAndDebtExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_SalesRevenueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_AllOtherSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=alb_LithiumandAdvancedMaterialsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=alb_BromineSpecialtiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=alb_RefiningSolutionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementOperatingActivitiesSegmentAxis=us-gaap_SegmentContinuingOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=alb_ReportableSegmentsSubtotalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |