v3.5.0.2

Segment Information | 12 Months Ended
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Dec. 31, 2015
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 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 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 income taxes. Transactions between operating segments are valued at market based prices. The revenues generated by these transfers for the years ended December 31, 2015, 2014 and 2013 are provided in the tables below. Identifiable assets consist of property, plant and equipment used in the operations of the segment as well as inventory, receivables and other assets directly related to the segment. Unallocated and other assets include cash, certain corporate receivables, data processing equipment, and the assets of the discontinued operations from the aromatics segment. The accounting policies of the reportable segments are the same as those described in Note 1 of the Notes to the Consolidated Financial Statements.
(In millions) |  | Chlorovinyls |  |  | Building Products |  |  | Eliminations, Unallocated and Other |  |  | Total |
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 2,506.1 |  |  | $ | 690.9 |  |  | $ | — |  |  | $ | 3,197.0 |
Intersegment revenues |  |  | 214.0 |  |  |  | — |  |  |  | (214.0 | ) |  |  | — |
Total net sales |  | $ | 2,720.1 |  |  |  | 690.9 |  |  |  | (214.0 | ) |  | $ | 3,197.0 |
Restructuring and divestiture costs |  | $ | 0.3 |  |  |  | 9.3 |  |  |  | 12.8 |  |  | $ | 22.4 |
Integration-related costs and other, net |  | $ | 0.3 |  |  | $ | 0.6 |  |  | $ | 15.1 |  |  | $ | 16.0 |
Goodwill impairment charges |  | $ | 864.1 |  |  |  | — |  |  |  | — |  |  | $ | 864.1 |
Depreciation and amortization |  | $ | 205.8 |  |  |  | 23.0 |  |  |  | 10.8 |  |  | $ | 239.6 |
Operating income (loss) |  | $ | (768.5 | ) |  |  | 38.0 |  |  |  | (77.4 | )(1) |  | $ | (807.9 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (72.9 | )
Debt refinancing costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3.2 | )
Foreign exchange loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2.3 | )
Loss from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (886.3 | )
Capital expenditures |  | $ | 144.0 |  |  |  | 19.9 |  |  |  | 28.0 |  |  | $ | 191.9 |
Total assets |  | $ | 3,909.4 |  |  |  | 557.7 |  |  |  | 72.3 |  |  | $ | 4,539.4 |
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 2,930.2 |  |  | $ | 712.3 |  |  | $ | — |  |  | $ | 3,642.5 |
Intersegment revenues |  |  | 256.0 |  |  |  | — |  |  |  | (256.0 | ) |  |  | — |
Total net sales |  | $ | 3,186.2 |  |  |  | 712.3 |  |  |  | (256.0 | ) |  | $ | 3,642.5 |
Restructuring and divestiture costs |  | $ | 12.6 |  |  |  | 4.2 |  |  |  | (0.1 | ) |  | $ | 16.7 |
Integration-related costs and other, net |  | $ | 6.2 |  |  |  | — |  |  |  | 26.0 |  |  | $ | 32.2 |
Goodwill impairment charges |  | $ | 4.1 |  |  |  | — |  |  |  | — |  |  | $ | 4.1 |
Depreciation and amortization |  | $ | 200.3 |  |  |  | 21.9 |  |  |  | 9.7 |  |  | $ | 231.9 |
Operating income |  | $ | 213.9 |  |  |  | 37.7 |  |  |  | (84.9 | )(1) |  | $ | 166.7 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (71.0 | )
Foreign exchange loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.0 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 94.7 |
Capital expenditures |  | $ | 148.9 |  |  |  | 31.2 |  |  |  | 13.0 |  |  | $ | 193.1 |
Total assets |  | $ | 4,872.0 |  |  |  | 581.3 |  |  |  | 202.7 |  |  | $ | 5,656.0 |
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 2,917.3 |  |  | $ | 667.8 |  |  | $ | — |  |  | $ | 3,585.1 |
Intersegment revenues |  | $ | 226.2 |  |  |  | 0.1 |  |  |  | (226.3 | ) |  | $ | — |
Total net sales |  | $ | 3,143.5 |  |  |  | 667.9 |  |  |  | (226.3 | ) |  | $ | 3,585.1 |
Restructuring and divestiture costs |  | $ | (0.1 | ) |  |  | 2.8 |  |  |  | 7.3 |  |  | $ | 10.0 |
Integration-related costs and other, net |  | $ | (8.8 | ) |  |  | — |  |  |  | 41.4 |  |  | $ | 32.6 |
Depreciation and amortization |  | $ | 174.2 |  |  |  | 21.2 |  |  |  | 6.9 |  |  | $ | 202.3 |
Operating income |  | $ | 434.9 |  |  |  | 47.0 |  |  |  | (96.2 | )(1) |  | $ | 385.7 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (71.5 | )
Debt refinancing costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (78.5 | )
Gain on acquisition of controlling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 25.9 |
Foreign exchange loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.2 | )
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 261.4 |
Capital expenditures |  | $ | 132.7 |  |  |  | 33.3 |  |  |  | 11.9 |  |  | $ | 177.9 |
Total assets |  | $ | 5,074.0 |  |  |  | 577.8 |  |  |  | 205.3 |  |  | $ | 5,857.1 |
(1) | Includes shared services, administrative and legal expenses.
Net Sales by Product Line The table below summarizes net sales by product line for the years ended December 31, 2015, 2014 and 2013:
|  | Year Ended December 31, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2013 |
Chlorovinyls |  |  |  |  |  |  |  |  |  |  |  |
Chlor-alkali and derivative products |  | $ | 2,056.3 |  |  | $ | 2,435.3 |  |  | $ | 2,447.2 |
Compound products |  |  | 449.8 |  |  |  | 494.9 |  |  |  | 470.1 |
Total |  |  | 2,506.1 |  |  |  | 2,930.2 |  |  |  | 2,917.3 |
Building Products |  |  |  |  |  |  |  |  |  |  |  |
Moulding products |  |  | 148.8 |  |  |  | 148.2 |  |  |  | 132.3 |
Outdoor building products |  |  | 542.1 |  |  |  | 564.1 |  |  |  | 535.5 |
Total |  |  | 690.9 |  |  |  | 712.3 |  |  |  | 667.8 |
Net Sales |  | $ | 3,197.0 |  |  | $ | 3,642.5 |  |  | $ | 3,585.1 |
Geographic Areas Sales are attributable to geographic areas based on customer location and were as follows for the years ended December 31, 2015, 2014 and 2013:
|  | Year Ended December 31, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2013 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,699.4 |  |  | $ | 3,077.8 |  |  | $ | 3,054.1 |
Non-U.S. |  |  | 497.6 |  |  |  | 564.7 |  |  |  | 531.0 |
Net Sales |  | $ | 3,197.0 |  |  | $ | 3,642.5 |  |  | $ | 3,585.1 |
Export sales as a percentage of net sales were approximately 16 percent for each of the years ended December 31, 2015 and 2014 and were approximately 15 percent for the year ended December 31, 2013. Based on destination, the principal international markets we serve are Canada and Asia. Net sales to Canada during each of the years ended December 31, 2015, 2014 and 2013 were approximately 13 percent of net sales. Long-lived assets, excluding intangible assets, are based on asset location. As of December 31, 2015 and 2014, our long-lived assets, excluding intangible assets, by geographic areas were as follows:
|  | December 31, |
(In millions) |  | 2015 |  |  | 2014 |
Long-lived assets (excluding intangible assets): |  |  |  |  |  |  |  |
United States |  | $ | 1,369.0 |  |  | $ | 1,330.3 |
Non-U.S. |  |  | 187.5 |  |  |  | 232.1 |
Total |  | $ | 1,556.5 |  |  | $ | 1,562.4 |
Net assets are attributable to geographic areas based on the location of the legal entity. Net assets by geographic locations as of December 31, 2015 and 2014 were as follows:
|  | December 31, |
(In millions) |  | 2015 |  |  | 2014 |
Net assets: |  |  |  |  |  |  |  |
United States |  | $ | 1,432.9 |  |  | $ | 2,255.2 |
Non-U.S. |  |  | 220.2 |  |  |  | 333.8 |
Total |  | $ | 1,653.1 |  |  | $ | 2,589.0 |

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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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&loc=d3e8906-108599 + Details
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