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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2015
SEGMENT INFORMATION |
SEGMENT INFORMATION | 15. SEGMENT INFORMATION We have three reportable segments through which we manage our operating activities: (i) chlorovinyls; (ii) building products; and (iii) aromatics. These three segments reflect the organization used by our management for internal reporting purposes. Our chlorovinyls segment produces a highly integrated chain of products, including chlor-alkali and derivative products (chlorine, caustic soda, VCM, vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) ("EDC"), chlorinated solvents, calcium hypochlorite, HCL and compound products (vinyl compounds, compound additives and plasticizers)). Our building products segment consists of two primary product groups: (i) window and door profiles and trim, mouldings and deck products; and (ii) outdoor building products, which includes siding, exterior accessories, pipe and pipe fittings. Our aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene). Earnings of our segments exclude interest income and expense, unallocated corporate expenses and general plant services and provision for (benefit from) income taxes. Transactions between operating segments are valued at market based prices. The revenues generated by these transfers and reconciliations from consolidated operating income to consolidated income before income taxes for the three and six month periods ended June 30, 2015 and 2014 are provided in the tables below.
(In millions) |  | Chlorovinyls |  | Building Products |  | Aromatics |  | Eliminations, Unallocated and Other |  | Total |
Three Months Ended June 30, 2015 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net sales |  | $ | 666.1 |  | $ | 250.3 |  | $ | 142.0 |  | $ | - |  | $ | 1,058.4 |
Intersegment revenues |  | ​ | 61.1 |  | ​ | - |  | ​ | - |  | ​ | (61.1 | ) | ​ | - |
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Total net sales |  | $ | 727.2 |  |  | 250.3 |  |  | 142.0 |  |  | (61.1 | ) | $ | 1,058.4 |
|  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Operating income |  | $ | 37.8 |  |  | 22.6 |  |  | 0.4 |  |  | (18.0 | ) | $ | 42.8 |
Interest expense, net |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | (19.5 | )
Foreign exchange loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.3 | )
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Consolidated income before income taxes |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | $ | 23.0 |
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Three Months Ended June 30, 2014 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net sales |  | $ | 777.9 |  | $ | 243.8 |  | $ | 215.2 |  | $ | - |  | $ | 1,236.9 |
Intersegment revenues |  | ​ | 67.8 |  | ​ | - |  | ​ | - |  | ​ | (67.8 | ) | ​ | - |
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Total net sales |  | $ | 845.7 |  |  | 243.8 |  |  | 215.2 |  |  | (67.8 | ) | $ | 1,236.9 |
|  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Operating income (loss) |  | $ | 66.6 |  |  | 14.2 |  |  | (7.4 | ) |  | (15.0 | ) | $ | 58.4 |
Interest expense, net |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | (19.1 | )
Foreign exchange loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.3 | )
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Consolidated income before income taxes |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | $ | 39.0 |
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Six Months Ended June 30, 2015
(In millions) |  | Chlorovinyls |  | Building Products |  | Aromatics |  | Eliminations, Unallocated and Other |  | Total |
Six Months Ended June 30, 2015 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net sales |  | $ | 1,314.5 |  | $ | 416.7 |  | $ | 274.8 |  | $ | - |  | $ | 2,006.0 |
Intersegment revenues |  | ​ | 117.2 |  | ​ | - |  | ​ | - |  | ​ | (117.2 | ) | ​ | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total net sales |  | $ | 1,431.7 |  |  | 416.7 |  |  | 274.8 |  |  | (117.2 | ) | $ | 2,006.0 |
|  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Operating income |  | $ | 81.6 |  |  | 12.3 |  |  | 0.7 |  |  | (36.2 | ) | $ | 58.4 |
Interest expense, net |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | (38.3 | )
Debt refinancing costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3.2 | )
Foreign exchange loss |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | (0.5 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 16.4 |
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Six Months Ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,460.1 |  | $ | 398.5 |  | $ | 372.0 |  | $ | - |  | $ | 2,230.6 |
Intersegment revenues |  |  | 119.7 |  |  | - |  |  | - |  |  | (119.7 | ) |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total net sales |  | $ | 1,579.8 |  | ​ | 398.5 |  | ​ | 372.0 |  | ​ | (119.7 | ) | $ | 2,230.6 |
Operating income (loss) |  | $ | 89.9 |  | ​ | 3.4 |  | ​ | (2.9 | ) | ​ | (32.4 | ) | $ | 58.0 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (37.4 | )
Foreign exchange gain |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | 0.1 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 20.7 |
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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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&loc=d3e8906-108599 + Details
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