XML 72 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Operating Segments (Tables)
12 Months Ended
Dec. 31, 2017
Notes to Consolidated Financial Statements [Abstract]  
Operating segment data

Note 5 - Operating Segments (cont’d)

 

B. Operating segment data

 

 

Specialty Solutions Segment

Essential Minerals Segment

Other

activities

Eliminations

Consolidated

 

$ millions

 

For the year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

Sales to external parties

2,588

2,789

41

-

5,418

Inter-segment sales

62

219

2

(283)

-

Total sales

2,650

3,008

43

(283)

5,418

 

 

 

 

 

 

Operating income attributable to the segments

554

359

1

 

914

General and administrative expenses

 

 

 

 

(261)

Other expenses not allocated to segments and intercompany eliminations

 

 

 

 

(24)

Operating income

 

 

 

 

629

 

 

 

 

 

 

Financing expenses, net

 

 

 

 

(124)

Income before taxes on income

 

 

 

 

505

 

 

 

 

 

 

Capital expenditures

80

423

1

 

504

Capital expenditures not allocated

 

 

 

 

3

Total capital expenditures

 

 

 

 

507

 

 

 

 

 

 

Depreciation, amortization and impairment

111

274

3

 

388

Depreciation ,amortization and impairment not allocated

 

 

 

 

30

Total depreciation, amortization and impairment

 

 

 

 

418

 


Note 5 - Operating Segments (cont'd)

 

B. Operating segment data (cont'd)

 

 

Specialty Solutions Segment

Essential Minerals Segment

Other

activities

Eliminations

Consolidated

 

$ millions

 

For the year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

Sales to external parties

2,493

2,811

59

-

5,363

Inter-segment sales

60

225

-

(285)

-

Total sales

2,553

3,036

59

(285)

5,363

 

 

 

 

 

 

Operating income attributable to the segments

534

398

5

 

937

General and administrative expenses

 

 

 

 

(321)

Other expenses not allocated to segments and intercompany eliminations

 

 

 

 

(619)

Operating loss

 

 

 

 

(3)

 

 

 

 

 

 

Financing expenses, net

 

 

 

 

(132)

Share in earnings of  equity-accounted investee

 

 

 

 

18

Loss before taxes on income

 

 

 

 

(117)

 

 

 

 

 

 

Capital expenditures

95

497

1

 

593

Capital expenditures not allocated

 

 

 

 

59

Total capital expenditures

 

 

 

 

652

 

 

 

 

 

 

Depreciation ,amortization and impairment

106

292

3

 

401

Depreciation, amortization and impairment not allocated

 

 

 

 

5

Total depreciation, amortization and impairment

 

 

 

 

406

 


Note 5 - Operating Segments (cont’d)

 

B. Operating segment data (cont'd)

 

 

Specialty Solutions Segment

Essential Minerals Segment

Other

activities

Eliminations

Consolidated

 

$ millions

 

For the year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Sales to external parties

2,319

2,904

182

-

5,405

Inter-segment sales

75

211

3

(289)

-

Total sales

2,394

3,115

185

(289)

5,405

 

 

 

 

 

 

Operating income attributable to the segments

451

885

16

 

1,352

General and administrative expenses

 

 

 

 

(350)

Other expenses not allocated to segments and intercompany eliminations

 

 

 

 

(237)

Operating income

 

 

 

 

765

 

 

 

 

 

 

Financing expenses, net

 

 

 

 

(108)

Share in earnings of  equity-accounted investee

 

 

 

 

11

Income before taxes on income

 

 

 

 

668

 

 

 

 

 

 

Capital expenditures

98

470

2

 

570

Capital expenditures as a result of business combination

145

445

-

 

590

Capital expenditures not allocated

 

 

 

 

110

Total capital expenditures

 

 

 

 

1,270

 

 

 

 

 

 

Depreciation, amortization and impairment

145

247

37

 

429

Depreciation, amortization and impairment not allocated

 

 

 

 

1

Total depreciation, amortization and impairment

 

 

 

 

430

 


Sales by geographical location of the customer

C. Information based on geographical location

Following is data regarding the distribution of the Group sales by geographical location of the customer:

 

2017

2016

2015

 

$

millions

% of

sales

$

millions

% of

sales

$

millions

% of

sales

 

USA

1,091

20

1,070

20

1,176

22

China

724

13

669

12

550

10

Brazil

594

11

521

10

506

9

Germany

378

7

392

7

421

8

United Kingdom

328

6

306

6

303

6

France

265

5

226

4

295

6

Spain

264

5

258

5

285

5

India

200

4

199

4

206

4

Israel

171

3

237

4

240

4

Italy

121

2

122

2

117

2

All other

1,282

24

1,363

26

1,306

24

Total

5,418

100

5,363

100

5,405

100

 

Sales by geographical location of the assets

Following is data regarding the distribution of the Group's sales by geographical location of the assets:

 

For the year ended December 31

 

2017

2016

2015

 

$ millions

$ millions

$ millions

 

Israel

2,548

2,470

2,427

Europe

2,119

2,124

2,296

North America

1,045

1,045

1,148

Others

798

774

503

 

6,510

6,413

6,374

Intercompany sales

(1,092)

(1,050)

(969)

 

 

 

 

Total

5,418

5,363

5,405

 

Operating income (loss) by geographical location of the assets

C. Information based on geographical location (cont'd)

Following is data regarding the group operating income (loss) by geographical location of the assets from which it was produced:

 

For the year ended December 31

 

2017

2016

2015

 

$ millions

$ millions

$ millions

 

Israel

475

304

386

North America

154

83

89

South America

20

(2)

21

Europe

(45)

(117)

254

Others

21

(242)

23

Intercompany eliminations

4

(29)

(8)

Total

629

(3)

765

 

Non-current assets by geographical location of the assets

Following is data regarding the non-current assets by geographical location of the assets (*)

 

For the year ended December 31

 

2017

2016

 

$ millions

$ millions

 

Israel

3,387

3,351

Europe

1,227

1,127

Asia

455

472

North America

321

382

Other

94

158

Total

5,484

5,490

 

(*) Consist mainly of property, plant and equipment and intangible assets, non-current inventories, lease rights and investments in equity-accounted investees

Segment sales by business lines
Operating income by business lines

E. Information on operating income by Business lines

Set forth below is additional information regarding the operating income attributable to the segments by business line: 

 

For the year ended December 31

 

2017

2016

2015

 

$ millions

$ millions

$ millions

 

Specialty Solutions Segment

 

 

 

Industrial Products

303

286

225

Advanced Additives

201

163

154

Food Specialties

51

84

72

 

555

533

451

 

 

 

 

Essential Minerals Segment

 

 

 

Potash & Magnesium

282

282

637

Phosphate

23

60

187

Specialty Fertilizers

56

55

63

 

361

397

887

 

 

 

 

Other activities and intercompany eliminations

(2)

7

14

Consolidated (business lines)

914

937

1,352