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Financial Information by Segment (Tables) | 6 Months Ended
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Mar. 31, 2016
Segment Reporting [Abstract] |
Schedule of Performance Segment | The net sales from each of these businesses for the three and six months ended March 31, 2016 and 2015 are as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (Dollars in millions) |
Specialty Carbons and Formulations |  | $ | 145 |  |  | $ | 162 |  |  | $ | 285 |  |  | $ | 319 |
Metal Oxides |  |  | 71 |  |  |  | 75 |  |  |  | 138 |  |  |  | 147 |
Total Performance Chemicals |  | $ | 216 |  |  | $ | 237 |  |  | $ | 423 |  |  | $ | 466 |
Financial Information by Reportable Segment | Financial information by reportable segment is as follows:
|  | Reinforcement Materials |  |  | Performance Chemicals |  |  | Purification Solutions |  |  | Specialty Fluids |  |  | Segment Total |  |  | Unallocated and Other(1) |  |  | Consolidated Total |
|  | (Dollars in millions) |
Three Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 261 |  |  | $ | 216 |  |  | $ | 67 |  |  | $ | 6 |  |  | $ | 550 |  |  | $ | 18 |  |  | $ | 568 |
Income (loss) from continuing operations before taxes(3) |  | $ | 34 |  |  | $ | 58 |  |  | $ | (2 | ) |  | $ | (2 | ) |  | $ | 88 |  |  | $ | (26 | ) |  | $ | 62 |
Three Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 358 |  |  | $ | 237 |  |  | $ | 71 |  |  | $ | 8 |  |  | $ | 674 |  |  | $ | 20 |  |  | $ | 694 |
Income (loss) from continuing operations before taxes(3) |  | $ | 27 |  |  | $ | 42 |  |  | $ | 1 |  |  | $ | (1 | ) |  | $ | 69 |  |  | $ | (30 | ) |  | $ | 39 |
Six Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 549 |  |  | $ | 423 |  |  | $ | 133 |  |  | $ | 13 |  |  | $ | 1,118 |  |  | $ | 53 |  |  | $ | 1,171 |
Income (loss) from continuing operations before taxes(3) |  | $ | 60 |  |  | $ | 108 |  |  | $ | (7 | ) |  | $ | (2 | ) |  | $ | 159 |  |  | $ | (105 | ) |  | $ | 54 |
Six Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers(2) |  | $ | 818 |  |  | $ | 466 |  |  | $ | 147 |  |  | $ | 24 |  |  | $ | 1,455 |  |  | $ | 51 |  |  | $ | 1,506 |
Income (loss) from continuing operations before taxes(3) |  | $ | 80 |  |  | $ | 81 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 166 |  |  | $ | (76 | ) |  | $ | 90 |
(1) | Unallocated and Other includes certain items and eliminations necessary to reflect management’s reporting of operating segment results. These items are reflective of the segment reporting presented to the Chief Operating Decision Maker.
(2) | “Unallocated and Other revenues from external customers” reflects royalties, other operating revenues, external shipping and handling costs, the impact of unearned revenue, the removal of 100% of the sales of an equity method affiliate and discounting charges for certain Notes receivable. Details are provided in the table below:
|  | Three Months Ended |  |  | Six Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (Dollars in millions) |
Royalties, other operating revenues, the impact of unearned revenue, the removal of 100% of the sales of an equity method affiliate and discounting charges for certain Notes receivable |  | $ | (9 | ) |  | $ | (8 | ) |  | $ | — |  |  | $ | (4 | )
Shipping and handling fees |  |  | 27 |  |  |  | 28 |  |  |  | 53 |  |  |  | 55 |
Total |  | $ | 18 |  |  | $ | 20 |  |  | $ | 53 |  |  | $ | 51 |
(3) | Income (loss) from continuing operations before taxes that are categorized as Unallocated and Other includes:
|  | Three Months Ended |  |  | Six Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (Dollars in millions) |
Interest expense |  | $ | (14 | ) |  | $ | (14 | ) |  | $ | (27 | ) |  | $ | (27 | )
Total certain items, pre-tax(a) |  |  | 1 |  |  |  | (6 | ) |  |  | (57 | ) |  |  | (32 | )
Equity in (earnings) loss of affiliated companies, net of tax(b) |  |  | (1 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (3 | )
Unallocated corporate costs(c) |  |  | (12 | ) |  |  | (11 | ) |  |  | (25 | ) |  |  | (23 | )
General unallocated income (expense)(d) |  |  | — |  |  |  | 3 |  |  |  | 5 |  |  |  | 9 |
Total |  | $ | (26 | ) |  | $ | (30 | ) |  | $ | (105 | ) |  | $ | (76 | )
| (a) | Certain items are items that management does not consider to be representative of operating segment results and they are, therefore, excluded from Segment EBIT. Certain items, pre-tax, for the three months ended March 31, 2016 include a $5 million benefit related to global restructuring activities, $3 million of net foreign currency impacts related to a loss on the devaluation of the Argentine peso, which was partially offset by a gain on the devaluation of the Venezuelan bolivar, and $1 million related to legal and environmental matters and reserves. Certain items, pre-tax, for the six months ended March 31, 2016 include $43 million related to global restructuring activities, $11 million related to net foreign currency impacts related to a loss on the devaluation of the Argentine peso, which was partially offset by a gain on the devaluation of the Venezuelan bolivar, and $3 million related to legal and environmental matters and reserves. Certain items, pre-tax, for the three months ended March 31, 2015 include a $5 million charge related to global restructuring activities and $1 million for acquisition and integration-related charges. Certain items, pre-tax, for the six months ended March 31, 2015 include a $12 million charge related to global restructuring activities, $2 million for acquisition and integration-related charges and $18 million related to an employee benefit plan settlement charge.
| (b) | Equity in (earnings) loss of affiliated companies, net of tax, is included in Segment EBIT and is removed from Unallocated and other to reconcile to income (loss) from operations before taxes.
| (c) | Unallocated corporate costs are not controlled by the segments and primarily benefit corporate interests.
| (d) | General unallocated income consists of gains (losses) arising from foreign currency transactions, net of other foreign currency risk management activities, the impact of accounting for certain inventory on a LIFO basis, the profit or loss related to the corporate adjustment for unearned revenue, and the impact of including the full operating results of an equity affiliate in Purification Solutions Segment EBIT.

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- 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://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=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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