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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Schedule of Segment Information |
Three Months Ended June 30, | Agriculture 1 | Electronics & Communications | Industrial Biosciences | Nutrition & Health | Performance Chemicals | Performance Materials | Safety & Protection | Other | Total
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment sales | $ | 3,218 |  |  | $ | 534 |  |  | $ | 288 |  |  | $ | 826 |  |  | $ | 1,502 |  |  | $ | 1,365 |  |  | $ | 925 |  |  | $ | 2 |  |  | $ | 8,660 |
Less: Transfers | — |  |  | 6 |  |  | 3 |  |  | — |  |  | 28 |  |  | 27 |  |  | 1 |  |  | — |  |  | 65 |
Net sales | 3,218 |  |  | 528 |  |  | 285 |  |  | 826 |  |  | 1,474 |  |  | 1,338 |  |  | 924 |  |  | 2 |  |  | 8,595 |
PTOI | 774 |  | 2 | 104 |  | 2 | 49 |  | 2 | 99 |  | 2 | 54 |  | 2,3 | 309 |  | 2 | 308 |  | 2,7 | (60 | ) | 2 | 1,637 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment sales | $ | 3,615 |  |  | $ | 617 |  |  | $ | 317 |  |  | $ | 926 |  |  | $ | 1,696 |  |  | $ | 1,582 |  |  | $ | 1,029 |  |  | $ | 1 |  |  | $ | 9,783 |
Less: Transfers | 5 |  |  | 4 |  |  | 4 |  |  | — |  |  | 48 |  |  | 15 |  |  | 1 |  |  | — |  |  | 77 |
Net sales | 3,610 |  |  | 613 |  |  | 313 |  |  | 926 |  |  | 1,648 |  |  | 1,567 |  |  | 1,028 |  |  | 1 |  |  | 9,706 |
PTOI | 789 |  | 4 | 21 |  | 4 | 57 |  | 4 | 97 |  | 4 | 232 |  | 4 | 665 |  | 4,5 | 178 |  | 4 | (84 | ) | 4 | 1,955 |
Six Months Ended June 30, | Agriculture 1 | Electronics & Communications | Industrial Biosciences | Nutrition & Health | Performance Chemicals | Performance Materials | Safety & Protection | Other | Total
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment sales | $ | 7,155 |  |  | $ | 1,055 |  |  | $ | 573 |  |  | $ | 1,639 |  |  | $ | 2,866 |  |  | $ | 2,776 |  |  | $ | 1,834 |  |  | $ | 3 |  |  | $ | 17,901 |
Less: Transfers | — |  |  | 10 |  |  | 8 |  |  | — |  |  | 57 |  |  | 57 |  |  | 2 |  |  | — |  |  | 134 |
Net sales | 7,155 |  |  | 1,045 |  |  | 565 |  |  | 1,639 |  |  | 2,809 |  |  | 2,719 |  |  | 1,832 |  |  | 3 |  |  | 17,767 |
PTOI | 1,948 |  | 2,6 | 189 |  | 2 | 105 |  | 2 | 188 |  | 2 | 183 |  | 2,3 | 636 |  | 2 | 492 |  | 2,7 | (163 | ) | 2,8 | 3,578 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment sales | $ | 8,009 |  |  | $ | 1,197 |  |  | $ | 618 |  |  | $ | 1,787 |  |  | $ | 3,287 |  |  | $ | 3,116 |  |  | $ | 1,976 |  |  | $ | 2 |  |  | $ | 19,992 |
Less: Transfers | 8 |  |  | 7 |  |  | 7 |  |  | — |  |  | 105 |  |  | 29 |  |  | 2 |  |  | — |  |  | 158 |
Net sales | 8,001 |  |  | 1,190 |  |  | 611 |  |  | 1,787 |  |  | 3,182 |  |  | 3,087 |  |  | 1,974 |  |  | 2 |  |  | 19,834 |
PTOI | 2,231 |  | 4 | 96 |  | 4 | 113 |  | 4 | 190 |  | 4 | 438 |  | 4 | 958 |  | 4,5 | 353 |  | 4 | (176 | ) | 4 | 4,203 |
1 | As of June 30, 2015, Agriculture net assets were $10,246, an increase of $3,551 from $6,695 at December 31, 2014. The increase was primarily due to higher trade receivables related to normal seasonality in the sales and cash collections cycle.
2 | Included adjustments to the estimated costs associated with the 2014 restructuring program, recorded in employee separation / asset related charges, net. These adjustments were primarily due to lower than estimated individual severance costs and workforce reductions achieved through non-severance programs, partially offset by identification of additional projects in certain segments. There was no impact from these adjustments to the company's interim Consolidated Income Statements. The adjustments impacted segment results for the three months ended June 30, 2015 as follows: Agriculture - $(4) , Electronics & Communications - $11, Industrial Biosciences - $(1), Nutrition & Health - $(4), Performance Chemicals - $2, Performance Materials - $(2), and Safety & Protection $1, and Other - $(3). See Note 3 for additional information.
3 | Included a $(61) restructuring charge recorded in employee separation / asset related charges, net, consisting of severance and related benefit costs in the Performance Chemicals segment to achieve fixed cost and operational productivity improvements for Chemours post-separation. See Note 3 for additional information.
4 | Included a $(206) restructuring charge recorded in employee separation / asset related charges, net. The pre-tax charges by segment are: Agriculture - $(47) , Electronics & Communications - $(68) , Industrial Biosciences - $(2) , Nutrition & Health - $(8) , Performance Chemicals - $(19) , Performance Materials - $(29) , Safety & Protection - $(31), and Other - $(2). See Note 3 for additional information.
5 | Included a gain of $391 recorded in other income, net associated with the sale of GLS/Vinyls. See Note 2 for additional information.
6 | Included $35 of insurance recoveries recorded in other operating charges for recovery of costs for customer claims related to the use of the Imprelis® herbicide. See Note 10 for additional information.
7 | Included a gain of $112, net of legal expenses, recorded in other income, net related to the company’s settlement of a legal claim.
8 | Included a $(37) pre-tax impairment charge recorded in employee separation / asset related charges, net for a cost basis investment. See Note 3 for additional information.
Reconciliation to Consolidated Income Statements |
| Three Months Ended June 30, | Six Months Ended June 30,
| 2015 | 2014 | 2015 | 2014
Total segment PTOI | $ | 1,637 |  | $ | 1,955 |  | $ | 3,578 |  | $ | 4,203 |
Non-operating pension and other postretirement employee benefit costs | (78 | ) | (34 | ) | (153 | ) | (64 | )
Net exchange gains (losses)3 | 26 |  | (109 | ) | 90 |  | (205 | )
Corporate expenses 1 | (283 | ) | (278 | ) | (528 | ) | (495 | )
Interest expense 2 | (127 | ) | (94 | ) | (211 | ) | (197 | )
Income before income taxes | $ | 1,175 |  | $ | 1,440 |  | $ | 2,776 |  | $ | 3,242 |
1 | Included transaction costs associated with the separation of the Performance Chemicals segment of $(119) and $(35) in the three months ended June 30, 2015 and 2014, respectively, and $(200) and $(51) in the six months ended June 30, 2015 and 2014, respectively, which were recorded in other operating charges in the company's interim Consolidated Income Statements.
2 | Included transaction costs of $(20) in the three months ended June 30, 2015, associated with the early retirement of debt exchanged for the notes received from Chemours in May 2015. These costs were recorded in interest expense, in the company's interim Consolidated Income Statements.
3 | Included a charge of $(40) associated with remeasuring the company's Ukrainian hryvnia net monetary assets in the six months ended June 30, 2015, as well as a charge of $(58) associated with remeasuring the company's Venezuelan net monetary assets from the official exchange rate to the SICAD II exchange system in the three and six months ended June 30, 2014, which were recorded in other income, net in the company's interim Consolidated Income Statements. See Note 4 for additional information.

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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=6534315&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=6534315&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=6534315&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=6534315&loc=d3e8736-108599 + Details
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