v3.5.0.2
Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information

17. 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 manufactures and distributes 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 and six month periods ended June 30, 2016 and 2015 are provided in the tables below.

 

(In millions)

    Chlorovinyls      Building
Products		     Eliminations,
Unallocated
and Other		     Total  

Three Months Ended June 30, 2016

          

Net sales

      $ 578.4           $ 197.7          $ -          $ 776.1     

Intersegment revenues

      38.0           -           (38.0)         -     
  

 

 

     

 

 

    

 

 

    

 

 

  

Total net sales

      $             616.4                       197.7                      (38.0)         $               776.1     

    

          

Operating income (loss)

      $ (37.1)          26.7          (27.2)   (1)      $ (37.6)    

Interest expense, net

             (18.0)    

Foreign exchange loss

             (0.1)    
         

 

 

  

Loss from continuing operations before income taxes

             $ (55.7)    
         

 

 

  

    

          

Three Months Ended June 30, 2015

          

Net sales

      $ 666.1           $ 203.1          $ -          $ 869.2     

Intersegment revenues

      61.1           -           (61.1)         -     
  

 

 

     

 

 

    

 

 

    

 

 

  

Total net sales

      $ 727.2           203.1          (61.1)         $ 869.2     

    

          

Operating income

      $ 37.8           23.3          (18.0)   (1)      $ 43.1     

Interest expense, net

             (18.3)    

Foreign exchange loss

             (0.1)    
         

 

 

  

Income from continuing operations before income taxes

             $ 24.7     
         

 

 

  

 

 

(1)Includes shared services, administrative and legal expenses.

(In millions)

    Chlorovinyls      Building
Products		     Eliminations,
Unallocated
and Other		     Total  

Six Months Ended June 30, 2016

          

Net sales

      $ 1,134.5            $ 340.8          $ -          $ 1,475.3     

Intersegment revenues

      93.3           0.1          (93.4)         -     
  

 

 

     

 

 

    

 

 

    

 

 

  

Total net sales

      $          1,227.8                       340.9                      (93.4)         $           1,475.3     

    

          

Operating income (loss)

      $ (46.7)          30.8          (56.9)   (1)      $ (72.8)    

Interest expense, net

             (35.0)    

Foreign exchange loss

             (1.0)    
         

 

 

  

Loss from continuing operations before income taxes

             $ (108.8)    
         

 

 

  

    

          

Six Months Ended June 30, 2015

          

Net sales

      $ 1,314.5            $ 339.3          $ -          $ 1,653.8     

Intersegment revenues

      117.2           -          (117.2)         -     
  

 

 

     

 

 

    

 

 

    

 

 

  

Total net sales

      $ 1,431.7           339.3          (117.2)         $ 1,653.8     

    

          

Operating income

      $ 81.6           19.8          (36.2)   (1)      $ 65.2     

Interest expense, net

             (35.9)    

Debt refinancing costs

             (3.2)    

Foreign exchange loss

             (0.8)    
         

 

 

  

Income from continuing operations before income taxes

             $ 25.3     
         

 

 

  

 

 

(1)Includes shared services, administrative and legal expenses.