Segment Reporting and Geographical Area Data (Tables)

12 Months Ended

Dec. 31, 2020

The Company evaluates the performance of its segments based on operating income. The following table analyzes sales and other financial information by the Company’s reportable segments:


(in millions)	2020		2019		2018
Net Sales:
Refinery and Performance	$	372.9	$	427.9	$	432.1
Other		139.8		155.8		142.4

Fuel Specialties		512.7		583.7		574.5

Personal Care		231.4		228.0		241.4
Home Care		87.0		93.4		109.1
Other		107.0		107.3		117.6

Performance Chemicals		425.4		428.7		468.1

Oilfield Services		255.0		479.9		400.6
Octane Additives		0.0		21.0		33.7

	$	1,193.1	$	1,513.3	$	1,476.9


(in millions)	2020			2019			2018
Gross profit:
Fuel Specialties	$	160.3		$	204.5		$	195.0
Performance Chemicals		103.8			100.1			97.5
Oilfield Services		80.8			159.9			130.4
Octane Additives		(2.2	)		1.7			12.1

	$	342.7		$	466.2		$	435.0

Operating income/(expense):
Fuel Specialties	$	84.5		$	116.6		$	116.3
Performance Chemicals		54.8			48.7			44.7
Oilfield Services		(9.5	)		39.7			22.1
Octane Additives		(2.8	)		(0.7	)		9.9
Corporate costs		(52.2	)		(54.4	)		(52.4	)
Restructuring charge		(21.3	)		0.0			(7.1	)
Impairment of intangible assets		(19.8	)		0.0			0.0

Total operating income	$	33.7		$	149.9		$	133.5

Identifiable assets at year end:
Fuel Specialties	$	509.7		$	499.7		$	470.5
Performance Chemicals		391.5			383.3			463.9
Oilfield Services		210.8			316.8			296.1
Octane Additives		0.0			24.2			39.6
Corporate		285.4			244.8			203.3

	$	1,397.4		$	1,468.8		$	1,473.4

Summary of Segment Depreciation and Amortization

The following tables analyze sales and other financial information by location:


(in millions)	2020			2019			2018
Net sales by source:
United States & North America	$	642.4		$	897.2		$	803.1
United Kingdom		689.1			810.9			797.5
Rest of Europe		83.4			115.7			143.7
Rest of World		45.6			47.8			29.5
Sales between areas		(267.4	)		(358.3	)		(296.9	)

	$	1,193.1		$	1,513.3		$	1,476.9

Income before income taxes:
United States & North America	$	0.0		$	53.9		$	37.1
United Kingdom		16.9			67.0			59.5
Rest of Europe		19.7			27.2			32.8
Rest of World		3.1			2.3			2.2

	$	39.7		$	150.4		$	131.6

Long-lived assets at year end:
United States & North America	$	141.0		$	156.0		$	148.6
United Kingdom		61.3			70.4			71.6
Rest of Europe		123.2			116.6			112.2
Rest of World		0.2			0.3			0.3

	$	325.7		$	343.3		$	332.7


(in millions)	2020		2019		2018
Identifiable assets at year end:
United States & North America	$	368.8	$	419.5	$	402.5
United Kingdom		455.8		487.2		504.7
Rest of Europe		171.0		163.2		173.1
Rest of World		30.6		35.9		28.2
Goodwill		371.2		363.0		364.9
	$	1,397.4	$	1,468.8	$	1,473.4