XML 40 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment information
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment information
Segment information
 
Three Months Ended June 30,
 
Six Months Ended June 30,
In millions
2016
 
2015
 
2016
 
2015
Net sales
 
 
 
 
 
 
 
Performance Chemicals
$
174.2

 
$
198.4

 
$
307.3

 
$
373.4

Performance Materials
74.5

 
63.8

 
145.3

 
128.0

Total net sales (1)
$
248.7

 
$
262.2

 
$
452.6

 
$
501.4

 
 
 
 
 
 
 
 
Segment operating profit (2)
 
 
 
 
 
 
 
Performance Chemicals
22.8

 
30.8

 
31.4

 
49.9

Performance Materials
26.3

 
21.6

 
53.9

 
44.2

Total segment operating profit (1)
49.1

 
52.4

 
85.3

 
94.1

 
 
 
 
 
 
 
 
Separation costs (3)
(4.7
)
 
(4.8
)
 
(11.1
)
 
(6.3
)
Restructuring and other income (charges) (4)
(1.0
)
 
0.4

 
(5.6
)
 
0.7

Interest expense, net
(5.0
)
 
(4.4
)
 
(10.4
)
 
(8.5
)
Provision for income taxes
(12.6
)
 
(16.5
)
 
(22.6
)
 
(28.7
)
Net income (loss) attributable to noncontrolling interests
(2.1
)
 
(1.2
)
 
(3.7
)
 
(2.4
)
Net income (loss) attributable to Ingevity Corporation
$
23.7

 
$
25.9

 
$
31.9

 
$
48.9

_______________
(1)
Relates to external customers only, all intersegment sales and related profit have been eliminated in consolidation.
(2)
Segment operating profit is defined as segment revenue less segment operating expenses (segment operating expenses consist of costs of sales, selling, general and administrative expenses and other (income) expense, net). We have excluded the following items from segment operating profit: interest expense associated with corporate debt facilities, income taxes, gains (or losses) on divestitures of businesses, restructuring and other (income) charges and separation costs, and net income (loss) attributable to noncontrolling interests.
(3)
See Note 13 for more information on separation costs.
(4)
For the three and six months ended June 30, 2016, the charges related to Performance Chemicals: $1.0 million and $4.8 million, respectively and Performance Materials: zero and $0.8 million, respectively. For the three and six months ended June 30, 2015 the income related to Performance Materials: $0.4 million and $0.7 million, respectively.