v3.4.0.3
Segment Information
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information

18. SEGMENT INFORMATION

We manage our operating activities in two reportable segments: (i) chlorovinyls and (ii) building products. These two segments reflect the organization used by our management to allocate resources and for internal reporting purposes. Our chlorovinyls segment produces a highly integrated chain of chlor-alkali and derivative products (chlorine, caustic soda, vinyl chloride monomer (“VCM”), vinyl resins, ethylene dichloride, chlorinated solvents, calcium hypochlorite, and hydrochloric acid, also known as muriatic acid, and compound products (vinyl compounds and plasticizers). Our building products segment consists of interior and exterior trim and mouldings products, deck products, siding, pipe and pipe fittings.

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 (loss) to consolidated income (loss) from continuing operations before income taxes for the three month periods ended March 31, 2016 and 2015 are provided in the tables below.

 

(In millions)

      Chlorovinyls          Building  
Products		        Eliminations,  
Unallocated
and Other		      Total  

Three Months Ended March 31, 2016

            

Net sales

      $ 556.1           $   143.1           $ -                $         699.2     

Intersegment revenues

      55.3           0.1           (55.4)          -       
  

 

 

     

 

 

     

 

 

     

 

 

  

Total net sales

      $ 611.4           143.2           (55.4)          $ 699.2     
           

Operating income (loss)

      $ (9.6)          4.1           (29.7)          $ (35.2)    

Interest expense, net

               (17.0)    

Foreign exchange loss

               (0.9)    
           

 

 

  

Loss from continuing operations before income taxes

               $ (53.1)    
           

 

 

  
           

Three Months Ended March 31, 2015

            

Net sales

      $ 648.4           $ 136.2           $ -                $ 784.6     

Intersegment revenues

      56.1           -              (56.1)          -        
  

 

 

     

 

 

     

 

 

     

 

 

  

Total net sales

      $ 704.5           136.2           (56.1)          $ 784.6     
           

Operating income (loss)

      $ 43.7           (3.4)          (18.2)          $ 22.1     

Interest expense, net

               (17.6)    

Debt refinancing costs

               (3.2)    

Foreign exchange loss

               (0.7)    
           

 

 

  

Income from continuing operations before income taxes

               $ 0.6