DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations And Disposal Groups [Abstract]

Major Class of Assets and Liabilities Related to Discontinued Operations

The following represents major classes of assets and liabilities related to the discontinued operations included in our unaudited condensed consolidated balance sheets as of the following dates:

	September 30,		December 31,
(In millions)	2015		2014
Receivables, net	$	33.5	$	36.4
Inventories		23.9		31.8
Property, plant and equipment, net		-		29.6
Total assets	$	57.4	$	97.8

Accounts payable	$	23.6	$	30.9
Accrued compensation		0.3		0.3
Other accrued liabilities		8.5		1.4
Non-current liabiliies		-		3.8
Total liabilities	$	32.4	$	36.4

Net assets	$	25.0	$	61.4

Operating Results of the Discontinued Operations

Operating results of the discontinued operations for the three and nine month periods ended September 30, 2015 and 2014 are shown below:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In millions)	2015			2014		2015			2014
Net sales	$	125.1		$	222.2	$	400.0		$	594.2
Operating costs and expenses:
Cost of sales		127.3			219.0		399.6			591.3
Selling, general and administrative expenses		0.9			1.2		2.9			3.8
Total operating costs and expenses		128.2			220.2		402.5			595.1
Operating income (loss) from discontinued operations		(3.1	)		2.0		(2.5	)		(0.9	)
Net gain from the sale of aromatics		14.1			-		14.1			-
Income (loss) from discontinued operations		11.0			2.0		11.6			(0.9	)
Provision for (benefit from) income taxes of discontinued operations		6.0			0.4		5.3			(0.3	)
Net income (loss) from discontinued operations	$	5.0		$	1.6	$	6.3		$	(0.6	)

Depreciation, Amortization and Capital Expenditures Associated with Discontinued Operations

Certain information pertaining to depreciation and amortization as well as capital expenditures associated with our discontinued operations for the three and nine month periods ended September 30, 2015 and 2014 are included below:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2015		2014		2015		2014
Depreciation and amortization	$	0.6	$	0.6	$	1.9	$	1.4
Capital expenditures		0.2		4.9		1.0		7.7