XML 52 R36.htm IDEA: XBRL DOCUMENT v3.20.4

Segment and Geographic Area Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

The table below reports net sales and operating profit by segment, as well as a reconciliation to income before income tax expense, for the last three years.

						Years Ended December 31,
(in thousands)						2020						2019						2018
Net sales
Petroleum additives
Lubricant additives						$	1,686,649					$	1,778,473					$	1,870,803
Fuel additives						314,918						397,431						410,000
Total						2,001,567						2,175,904						2,280,803
All other						9,364						14,391						8,872
Net sales (a)						$	2,010,931					$	2,190,295					$	2,289,675
Segment operating profit
Petroleum additives						$	333,241					$	359,228					$	311,019
All other						(100)						(1,562)						(3,256)
Segment operating profit						333,141						357,666						307,763
Corporate, general, and administrative expenses						(21,744)						(20,345)						(19,651)
Interest and financing expenses, net						(26,328)						(29,241)						(26,723)
Other income (expense), net						46,218						23,510						28,896
Income before income tax expense						$	331,287					$	331,590					$	290,285

(a)No single customer accounted for 10% or more of our total net sales in 2020, 2019, or 2018.

Schedule Of Segment Operating Profit

The table below reports net sales and operating profit by segment, as well as a reconciliation to income before income tax expense, for the last three years.

						Years Ended December 31,
(in thousands)						2020						2019						2018
Net sales
Petroleum additives
Lubricant additives						$	1,686,649					$	1,778,473					$	1,870,803
Fuel additives						314,918						397,431						410,000
Total						2,001,567						2,175,904						2,280,803
All other						9,364						14,391						8,872
Net sales (a)						$	2,010,931					$	2,190,295					$	2,289,675
Segment operating profit
Petroleum additives						$	333,241					$	359,228					$	311,019
All other						(100)						(1,562)						(3,256)
Segment operating profit						333,141						357,666						307,763
Corporate, general, and administrative expenses						(21,744)						(20,345)						(19,651)
Interest and financing expenses, net						(26,328)						(29,241)						(26,723)
Other income (expense), net						46,218						23,510						28,896
Income before income tax expense						$	331,287					$	331,590					$	290,285

(a)No single customer accounted for 10% or more of our total net sales in 2020, 2019, or 2018.

Schedule Of Asset Information By Segment

The following tables show asset information by segment and the reconciliation to consolidated assets. Segment assets consist of accounts receivable, inventory, and long-lived assets. Long-lived assets included in the petroleum additives segment amounts in the table below include property, plant, and equipment (net of depreciation), intangibles (net of amortization) and goodwill, and lease right-of-use assets. The additions to long-lived assets include property, plant, and equipment for all years and lease right-of-use assets for 2020 and 2019.

						December 31,
(in thousands)						2020						2019
Segment assets
Petroleum additives						$	1,557,834					$	1,506,690
All other						18,383						14,519
						1,576,217						1,521,209
Cash and cash equivalents						125,172						144,397
Other accounts receivable						13,566						6,068
Prepaid expenses and other current assets						35,480						33,237
Non-segment property, plant, and equipment, net						31,839						34,648
Prepaid pension cost						137,069						133,848
Lease right-of-use assets						198						302
Deferred charges and other assets						14,334						11,423
Total assets						$	1,933,875					$	1,885,132

Additions To Long-lived Assets And Depreciation And Amortization By Segment

						Years Ended December 31,
(in thousands)						2020						2019						2018
Additions to long-lived assets
Petroleum additives						$	109,536					$	85,711					$	72,829
All other						3						28						0
Corporate						2,453						3,076						1,809
Total additions to long-lived assets						$	111,992					$	88,815					$	74,638
Depreciation and amortization
Petroleum additives						$	80,811					$	84,872					$	69,029
All other						52						52						11
Corporate						3,139						2,636						2,719
Total depreciation and amortization						$	84,002					$	87,560					$	71,759

Schedule Of Net Sales, Total Assets, And Long-Lived Assets By Geographic Area

The tables below report net sales, total assets, and long-lived assets by geographic area, as well as by country for those countries with significant net sales or long-lived assets. Since our foreign operations are significant to our overall business, we are also presenting net sales in the table below by the major regions in which we operate. NewMarket assigns net sales to geographic areas based on the location to which the product was shipped to a third party. Long-lived assets in the table below include property, plant, and equipment, net of depreciation, and lease right-of-use assets.

						Years Ended December 31,
(in thousands)						2020						2019						2018
Net sales
United States						$	650,654					$	728,125					$	722,576
China						213,788						225,498						239,406
Europe, Middle East, Africa, India						651,645						700,081						756,258
Asia Pacific, except China						279,847						311,469						335,119
Other foreign						214,997						225,122						236,316
Net sales						$	2,010,931					$	2,190,295					$	2,289,675

						December 31,
(in thousands)						2020						2019
Total assets
United States						$	763,642					$	728,571
Foreign						1,170,233						1,156,561
Total assets						$	1,933,875					$	1,885,132
Long-lived assets
United States						$	312,586					$	275,646
Singapore						271,135						287,276
Other foreign						153,529						145,862
Total long-lived assets						$	737,250					$	708,784

X

- Definition

[Table Text Block] for Tabular disclosure of additions to long-lived assets and depreciation and amortization by segment.

+ References

No definition available.

+ Details

Name:	neu_AdditionsToLonglivedAssetsAndDepreciationAndAmortizationBySegmentTableTextBlock
Namespace Prefix:	neu_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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