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Segment Information | 3 Months Ended
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Mar. 31, 2017
Segment Information [Abstract] |
Segment Information |
21. | Segment Information
The reportable segments presented below represent our operating segments for which separate financial information is available and which is utilized on a regular basis by our Chief Executive Officer, who is our chief operating decision maker, to assess performance and to allocate resources. Our TiO2 operating segment includes the following:
| • | exploration, mining, and beneficiation of mineral sands deposits;
| • | production of titanium feedstock (including chloride slag, slag fines, and rutile), pig iron, and zircon;
| • | production and marketing of TiO2; and
| • | electrolytic manganese dioxide manufacturing and marketing.
Our Alkali operating segment includes the mining of trona ore for the production from trona of natural soda ash and its derivatives: sodium bicarbonate, sodium sesquicarbonate and caustic soda (collectively referred to as “alkali-products”). Segment performance is evaluated based on segment operating income (loss), which represents the results of segment operations before unallocated costs, such as general corporate expenses not identified to a specific segment, interest expense, other income (expense), net and income tax expense or benefit. Net sales and income (loss) from operations by segment were as follows:
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
TiO2 segment |  | $ | 378 |  |  | $ | 285 |
Alkali segment |  |  | 191 |  |  |  | 191 |
Net sales |  | $ | 569 |  |  | $ | 476 |
TiO2 segment |  | $ | 32 |  |  | $ | (36 | )
Alkali segment |  |  | 19 |  |  |  | 21 |
Corporate |  |  | (35 | ) |  |  | (16 | )
Income (loss) from operations |  |  | 16 |  |  |  | (31 | )
Interest and debt expense, net |  |  | (46 | ) |  |  | (46 | )
Gain on extinguishment of debt |  |  | — |  |  |  | 4 |
Other income (expense), net |  |  | (6 | ) |  |  | (9 | )
Loss before income taxes |  |  | (36 | ) |  |  | (82 | )
Income tax provision |  |  | (2 | ) |  |  | (12 | )
Net loss |  | $ | (38 | ) |  | $ | (94 | )
Net sales to external customers, by geographic region, based on country of production, were as follows:
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
U.S. operations |  | $ | 349 |  |  | $ | 310 |
International operations: |  |  |  |  |  |  |  |
Australia |  |  | 94 |  |  |  | 76 |
South Africa |  |  | 74 |  |  |  | 37 |
The Netherlands |  |  | 52 |  |  |  | 53 |
Total net sales |  | $ | 569 |  |  | $ | 476 |
Net sales from external customers for each similar product were as follows:
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
Pigment |  | $ | 272 |  |  | $ | 216 |
Alkali |  |  | 191 |  |  |  | 191 |
Titanium feedstock |  |  | 92 |  |  |  | 57 |
Electrolytic |  |  | 14 |  |  |  | 12 |
Total net sales |  | $ | 569 |  |  | $ | 476 |
During the three months ended March 31, 2017, our ten largest third-party TiO2 customers and our ten largest Alkali customers represented approximately 25% and 22%, respectively, of our consolidated net sales. During the three months ended March 31, 2016, our ten largest third-party TiO2 customers and our ten largest Alkali customers represented approximately 20% and 25%, respectively, of our consolidated net sales. During each of the three months ended March 31, 2017 and 2016, ANSAC accounted for 13% of our consolidated net sales. Capital expenditures by segment were as follows:
|  | Three Months Ended March 31, |
|  |  | 2017 |  | 2016 |
TiO2 segment |  | $ | 20 |  |  | $ | 17 |
Alkali segment |  |  | 12 |  |  |  | 16 |
Total |  | $ | 32 |  |  | $ | 33 |
Total assets by segment were as follows:
|  | March 31, 2017 |  |  | December 31, 2016 |
TiO2 segment |  | $ | 2,970 |  |  | $ | 2,991 |
Alkali segment |  |  | 1,645 |  |  |  | 1,671 |
Corporate |  |  | 307 |  |  |  | 291 |
Total |  | $ | 4,922 |  |  | $ | 4,953 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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