UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 23, 2008
Air Products and Chemicals, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 1-4534 | 23-1274455 | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
| 7201 Hamilton Boulevard, Allentown, Pennsylvania | 18195-1501 | |||
| (Address of Principal Executive Offices) | (Zip Code) |
(610) 481-4911
Registrant’s telephone number, including area code
not applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions
(See General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
The attached exhibit contains a presentation of certain unaudited financial information
excluding discontinued operations which is being furnished in accordance with Rule 101(e)(1)
under Regulation FD and shall not be deemed to be “filed” for purposes of Section 18 of the
Securities Act of 1934, as amended, and will not be incorporated by reference into any
registration statement filed under the Securities Act of 1933, as amended, unless
specifically identified therein as being incorporated by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.1 Unaudited Historical Financial Information — Continuing Operations.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Air Products and Chemicals, Inc. (Registrant) |
||||||
Dated: January 23, 2008
|
By: | /s/ Paul E. Huck
|
||||
| Paul E. Huck | ||||||
| Senior Vice President and Chief Financial Officer |
3
Exhibit Index
| Exhibit No. | Description | |
99.1
|
Unaudited Historical Financial Information — Continuing Operations. |
4
Exhibit 99.1
Unaudited Consolidated Summary Financial Information
Consolidated Financial Information
(Unaudited)
(Unaudited)
| FY 2007 | FY 2006 | FY 2005 | ||||||||||||||||||||||||||||||||||||||||||
| (Millions of dollars, except per share data) | Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | Total | |||||||||||||||||||||||||||||||||
Sales |
2,267.8 | 2,298.0 | 2,416.2 | 2,437.3 | 9,419.3 | 1,859.4 | 2,052.5 | 2,070.1 | 2,183.8 | 8,165.8 | 7,118.6 | |||||||||||||||||||||||||||||||||
Selling and administrative |
275.4 | 283.6 | 295.0 | 294.2 | 1,148.2 | 242.2 | 262.4 | 270.0 | 268.3 | 1,042.9 | 971.0 | |||||||||||||||||||||||||||||||||
Operating Income |
317.4 | 308.6 | 352.4 | 373.1 | 1,351.5 | 249.6 | 265.4 | 276.4 | 220.1 | 1,011.5 | 952.1 | |||||||||||||||||||||||||||||||||
Income from Continuing Operations |
221.0 | 216.8 | 275.5 | 291.1 | 1,004.4 | 178.7 | 187.6 | 194.0 | 154.6 | 714.9 | 677.9 | |||||||||||||||||||||||||||||||||
Discontinued Operations |
9.3 | 10.8 | 9.4 | 1.7 | 31.2 | 2.0 | 16.4 | 16.3 | (20.0 | ) | 14.7 | 33.8 | ||||||||||||||||||||||||||||||||
Cumulative Effect of Accounting Change |
(6.2 | ) | (6.2 | ) | ||||||||||||||||||||||||||||||||||||||||
Net Income |
230.3 | 227.6 | 284.9 | 292.8 | 1,035.6 | 180.7 | 204.0 | 210.3 | 128.4 | 723.4 | 711.7 | |||||||||||||||||||||||||||||||||
Basic Earnings per Common Share |
||||||||||||||||||||||||||||||||||||||||||||
Income from Continuing Operations |
$ | 1.02 | $ | 1.00 | $ | 1.28 | $ | 1.35 | $ | 4.65 | $ | 0.80 | $ | 0.84 | $ | 0.87 | $ | 0.71 | $ | 3.22 | $ | 3.00 | ||||||||||||||||||||||
Discontinued Operations |
$ | 0.04 | $ | 0.05 | $ | 0.04 | $ | 0.01 | $ | 0.14 | $ | 0.01 | $ | 0.08 | $ | 0.07 | $ | (0.09 | ) | $ | 0.07 | $ | 0.15 | |||||||||||||||||||||
Cumulative Effect of Accounting Change |
$ | (0.03 | ) | $ | (0.03 | ) | ||||||||||||||||||||||||||||||||||||||
Net Income |
$ | 1.06 | $ | 1.05 | $ | 1.32 | $ | 1.36 | $ | 4.79 | $ | 0.81 | $ | 0.92 | $ | 0.94 | $ | 0.59 | $ | 3.26 | $ | 3.15 | ||||||||||||||||||||||
Diluted Earnings per Common Share |
||||||||||||||||||||||||||||||||||||||||||||
Income from Continuing Operations |
$ | 0.99 | $ | 0.97 | $ | 1.24 | $ | 1.30 | $ | 4.50 | $ | 0.79 | $ | 0.82 | $ | 0.85 | $ | 0.69 | $ | 3.14 | $ | 2.93 | ||||||||||||||||||||||
Discontinued Operations |
$ | 0.04 | $ | 0.05 | $ | 0.04 | $ | 0.01 | $ | 0.14 | $ | 0.01 | $ | 0.07 | $ | 0.07 | $ | (0.09 | ) | $ | 0.07 | $ | 0.15 | |||||||||||||||||||||
Cumulative Effect of Accounting Change |
$ | (0.03 | ) | $ | (0.03 | ) | ||||||||||||||||||||||||||||||||||||||
Net Income |
$ | 1.03 | $ | 1.02 | $ | 1.28 | $ | 1.31 | $ | 4.64 | $ | 0.80 | $ | 0.89 | $ | 0.92 | $ | 0.57 | $ | 3.18 | $ | 3.08 | ||||||||||||||||||||||
Page 1
Business Segments
Previously, the Company reported results for a Chemicals segment, which consisted of the Polymer Emulsions business and the Polyurethane Intermediates (PUI) business. Beginning with the first
quarter of 2008, the Polymer Emulsions business has been accounted for as discontinued operations. The results of operations and asset information for this business have been removed from
continuing operations for the period periods presented below. Also beginning with the first quarter of 2008, the PUI business is reported as part of the Tonnage Gases segment. Prior period
information presented below has been rested to reflect this business reorganization.
Unaudited Historical Financial Information — Continuing Operations
| (Millions of dollars) | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | |||||||||||||||||||||||||||||||||||||||||||||||
| SALES | Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | Total | Total | Total | |||||||||||||||||||||||||||||||||||||||
Merchant Gases |
740.0 | 784.5 | 817.1 | 854.8 | 3,196.4 | 622.1 | 669.2 | 699.5 | 722.0 | 2,712.8 | 2,468.0 | 2,230.3 | 2,133.0 | |||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
689.5 | 695.8 | 775.7 | 775.7 | 2,936.7 | 613.9 | 627.3 | 618.4 | 685.1 | 2,544.7 | 2,130.8 | 1,868.0 | 1,505.3 | |||||||||||||||||||||||||||||||||||||||
Electronics and
Performance Materials |
486.9 | 528.8 | 530.5 | 522.5 | 2,068.7 | 394.1 | 444.9 | 464.8 | 497.2 | 1,801.0 | 1,605.7 | 1,504.2 | 1,231.6 | |||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
195.6 | 131.8 | 134.3 | 124.2 | 585.9 | 93.8 | 174.8 | 138.3 | 129.6 | 536.5 | 369.4 | 345.6 | 258.3 | |||||||||||||||||||||||||||||||||||||||
Healthcare |
155.8 | 157.1 | 158.6 | 160.1 | 631.6 | 135.5 | 136.3 | 149.1 | 149.9 | 570.8 | 544.7 | 438.2 | 329.4 | |||||||||||||||||||||||||||||||||||||||
Other |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||
Total |
2,267.8 | 2,298.0 | 2,416.2 | 2,437.3 | 9,419.3 | 1,859.4 | 2,052.5 | 2,070.1 | 2,183.8 | 8,165.8 | 7,118.6 | 6,386.3 | 5,457.6 | |||||||||||||||||||||||||||||||||||||||
Operating Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant Gases |
139.2 | 141.2 | 147.4 | 159.5 | 587.3 | 105.3 | 115.1 | 121.3 | 128.3 | 470.0 | 414.0 | |||||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
95.4 | 92.2 | 120.6 | 155.0 | 463.2 | 79.9 | 91.8 | 89.0 | 111.0 | 371.7 | 309.0 | |||||||||||||||||||||||||||||||||||||||||
Electronics and
Performance Materials |
49.8 | 56.5 | 62.1 | 60.8 | 229.2 | 38.2 | 44.5 | 47.8 | 59.5 | 190.0 | 141.3 | |||||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
26.8 | 16.4 | 15.8 | 17.8 | 76.8 | 14.5 | 20.0 | 14.8 | 19.6 | 68.9 | 29.1 | |||||||||||||||||||||||||||||||||||||||||
Healthcare |
9.4 | 7.0 | 8.5 | 8.8 | 33.7 | 18.0 | (1.8 | ) | 8.7 | (16.5 | ) | 8.4 | 81.7 | |||||||||||||||||||||||||||||||||||||||
Other |
(3.2 | ) | (4.7 | ) | (2.0 | ) | (4.8 | ) | (14.7 | ) | (6.3 | ) | (4.2 | ) | (5.2 | ) | (9.7 | ) | (25.4 | ) | (23.0 | ) | ||||||||||||||||||||||||||||||
Global Cost Reduction Plan |
(13.7 | ) | (13.7 | ) | (72.1 | ) | (72.1 | ) | 0.0 | |||||||||||||||||||||||||||||||||||||||||||
Pension Settlement |
(10.3 | ) | (10.3 | ) | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||||||
Total |
317.4 | 308.6 | 352.4 | 373.1 | 1,351.5 | 249.6 | 265.4 | 276.4 | 220.1 | 1,011.5 | 952.1 | |||||||||||||||||||||||||||||||||||||||||
Identifiable Assets |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant Gases |
3,429.7 | 3,477.7 | 3,943.8 | 3,984.4 | 2,884.2 | 3,222.4 | 3,287.2 | 3,283.2 | 2,993.0 | |||||||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
2,988.0 | 3,031.3 | 3,221.9 | 3,328.4 | 2,899.6 | 2,811.3 | 2,963.8 | 3,028.6 | 2,744.6 | |||||||||||||||||||||||||||||||||||||||||||
Electronics and
Performance Materials |
2,271.6 | 2,340.7 | 2,381.7 | 2,435.3 | 2,126.0 | 2,192.0 | 2,215.8 | 2,245.7 | 2,056.6 | |||||||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
345.7 | 316.9 | 299.0 | 362.6 | 296.1 | 299.8 | 286.7 | 304.4 | 272.0 | |||||||||||||||||||||||||||||||||||||||||||
Healthcare |
878.0 | 895.0 | 914.3 | 918.9 | 802.1 | 823.6 | 868.1 | 856.5 | 790.3 | |||||||||||||||||||||||||||||||||||||||||||
Chemicals |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||||
Other |
426.5 | 627.0 | 597.0 | 402.3 | 306.0 | 323.6 | 314.0 | 332.3 | 244.1 | |||||||||||||||||||||||||||||||||||||||||||
Total |
10,339.5 | 10,688.6 | 11,357.7 | 11,431.9 | 9,314.0 | 9,672.7 | 9,935.6 | 10,050.7 | 9,100.6 | |||||||||||||||||||||||||||||||||||||||||||
Page 2
Business Segments
BEFORE POLYMERS RESTATEMENT FOR REFERENCE
Data at 30 September 2007
Data at 30 September 2007
| (Millions of dollars) | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | |||||||||||||||||||||||||||||||||||||||||||||||
| SALES | Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | Total | Total | Total | |||||||||||||||||||||||||||||||||||||||
Merchant Gases |
740.0 | 784.5 | 817.1 | 854.8 | 3,196.4 | 622.1 | 669.2 | 699.5 | 722.0 | 2,712.8 | 2,468.0 | 2,230.3 | 2,133.0 | |||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
604.5 | 606.5 | 695.2 | 690.1 | 2,596.3 | 532.6 | 531.1 | 546.8 | 613.6 | 2,224.1 | 1,740.1 | 1,529.7 | 1,244.1 | |||||||||||||||||||||||||||||||||||||||
Electronics and Performance Materials |
486.9 | 528.8 | 530.5 | 522.5 | 2,068.7 | 394.1 | 444.9 | 464.8 | 497.2 | 1,801.0 | 1,605.7 | 1,504.2 | 1,231.6 | |||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
195.6 | 131.8 | 134.3 | 124.2 | 585.9 | 93.8 | 174.8 | 138.3 | 129.6 | 536.5 | 369.4 | 345.6 | 258.3 | |||||||||||||||||||||||||||||||||||||||
Healthcare |
155.8 | 157.1 | 158.6 | 160.1 | 631.6 | 135.5 | 136.3 | 149.1 | 149.9 | 570.8 | 544.7 | 438.2 | 329.4 | |||||||||||||||||||||||||||||||||||||||
Chemicals |
226.7 | 242.5 | 238.2 | 251.5 | 958.9 | 215.0 | 248.4 | 222.0 | 222.2 | 907.6 | 945.1 | 884.1 | 757.6 | |||||||||||||||||||||||||||||||||||||||
Total |
2,409.5 | 2,451.2 | 2,573.9 | 2,603.2 | 10,037.8 | 1,993.1 | 2,204.7 | 2,220.5 | 2,334.5 | 8,752.8 | 7,673.0 | 6,932.1 | 5,954.0 | |||||||||||||||||||||||||||||||||||||||
Operating Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant Gases |
139.2 | 141.2 | 147.4 | 159.5 | 587.3 | 105.3 | 115.1 | 121.3 | 128.3 | 470.0 | 414.0 | |||||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
88.8 | 81.0 | 110.6 | 104.9 | 385.3 | 73.8 | 78.2 | 85.3 | 104.0 | 341.3 | 251.8 | |||||||||||||||||||||||||||||||||||||||||
Electronics and Performance Materials |
49.8 | 56.5 | 62.1 | 60.8 | 229.2 | 38.2 | 44.5 | 47.8 | 59.5 | 190.0 | 141.3 | |||||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
26.8 | 16.4 | 15.8 | 17.8 | 76.8 | 14.5 | 20.0 | 14.8 | 19.6 | 68.9 | 29.1 | |||||||||||||||||||||||||||||||||||||||||
Healthcare |
9.4 | 7.0 | 8.5 | 8.8 | 33.7 | 18.0 | (1.8 | ) | 8.7 | (16.5 | ) | 8.4 | 81.7 | |||||||||||||||||||||||||||||||||||||||
Chemicals |
18.9 | 23.3 | 21.0 | 65.8 | 129.0 | 8.9 | 25.3 | 15.0 | 14.8 | 64.0 | 86.1 | |||||||||||||||||||||||||||||||||||||||||
Other |
(1.7 | ) | (1.9 | ) | (1.5 | ) | (4.5 | ) | (9.6 | ) | (5.5 | ) | (1.0 | ) | (2.1 | ) | (6.3 | ) | (14.9 | ) | (13.2 | ) | ||||||||||||||||||||||||||||||
Global Cost Reduction Plan |
(13.7 | ) | (13.7 | ) | (72.1 | ) | (72.1 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Pension Settlement |
(10.3 | ) | (10.3 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Total |
331.2 | 323.5 | 363.9 | 389.1 | 1,407.7 | 253.2 | 280.3 | 290.8 | 231.3 | 1,055.6 | 990.8 | |||||||||||||||||||||||||||||||||||||||||
Identifiable Assets |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant Gases |
3,429.7 | 3,477.7 | 3,943.8 | 3,984.4 | 2,884.2 | 3,222.4 | 3,287.2 | 3,283.2 | 2,993.0 | |||||||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
2,784.2 | 2,822.0 | 3,017.6 | 3,130.4 | 2,527.4 | 2,582.5 | 2,758.6 | 2,803.0 | 2,386.4 | |||||||||||||||||||||||||||||||||||||||||||
Electronics and Performance Materials |
2,271.6 | 2,340.7 | 2,381.7 | 2,435.3 | 2,126.0 | 2,192.0 | 2,215.8 | 2,245.7 | 2,056.6 | |||||||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
345.7 | 316.9 | 299.0 | 362.6 | 296.1 | 299.8 | 286.7 | 304.4 | 272.0 | |||||||||||||||||||||||||||||||||||||||||||
Healthcare |
878.0 | 895.0 | 914.3 | 918.9 | 802.1 | 823.6 | 868.1 | 856.5 | 790.3 | |||||||||||||||||||||||||||||||||||||||||||
Chemicals |
546.3 | 556.7 | 541.7 | 545.4 | 698.9 | 563.6 | 561.5 | 579.8 | 688.8 | |||||||||||||||||||||||||||||||||||||||||||
Other |
393.0 | 588.5 | 568.8 | 368.2 | 286.9 | 308.5 | 277.1 | 291.0 | 227.1 | |||||||||||||||||||||||||||||||||||||||||||
Total |
10,648.5 | 10,997.5 | 11,666.9 | 11,745.2 | 9,621.6 | 9,992.4 | 10,255.0 | 10,363.6 | 9,414.2 | |||||||||||||||||||||||||||||||||||||||||||
Page 3
| Business Segments | CHANGES DUE TO POLYMERS/PUI RESTATEMENT | |||
| (Millions of dollars) | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | |||||||||||||||||||||||||||||||||||||||||||||||
| SALES | Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | Total | Total | Total | |||||||||||||||||||||||||||||||||||||||
Merchant Gases |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
85.0 | 89.3 | 80.5 | 85.6 | 340.4 | 81.3 | 96.2 | 71.6 | 71.5 | 320.6 | 390.7 | 338.3 | 261.2 | |||||||||||||||||||||||||||||||||||||||
Electronics and Performance Materials |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||
Healthcare |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||
Chemicals |
(226.7 | ) | (242.5 | ) | (238.2 | ) | (251.5 | ) | (958.9 | ) | (215.0 | ) | (248.4 | ) | (222.0 | ) | (222.2 | ) | (907.6 | ) | (945.1 | ) | (884.1 | ) | (757.6 | ) | ||||||||||||||||||||||||||
Other |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||
Total |
(141.7 | ) | (153.2 | ) | (157.7 | ) | (165.9 | ) | (618.5 | ) | (133.7 | ) | (152.2 | ) | (150.4 | ) | (150.7 | ) | (587.0 | ) | (554.4 | ) | (545.8 | ) | (496.4 | ) | ||||||||||||||||||||||||||
Operating Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant Gases |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
6.6 | 11.2 | 10.0 | 50.1 | 77.9 | 6.1 | 13.6 | 3.7 | 7.0 | 30.4 | 57.2 | |||||||||||||||||||||||||||||||||||||||||
Electronics and Performance Materials |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||
Healthcare |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||
Chemicals |
(18.9 | ) | (23.3 | ) | (21.0 | ) | (65.8 | ) | (129.0 | ) | (8.9 | ) | (25.3 | ) | (15.0 | ) | (14.8 | ) | (64.0 | ) | (86.1 | ) | ||||||||||||||||||||||||||||||
Other |
1.5 | (2.8 | ) | (0.5 | ) | (0.3 | ) | (5.1 | ) | (0.8 | ) | (3.2 | ) | (3.1 | ) | (3.4 | ) | (10.5 | ) | (9.8 | ) | |||||||||||||||||||||||||||||||
Global Cost Reduction Plan |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||
Pension Settlement |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||
Total |
(13.8 | ) | (14.9 | ) | (11.5 | ) | (16.0 | ) | (56.2 | ) | (3.6 | ) | (14.9 | ) | (14.4 | ) | (11.2 | ) | (44.1 | ) | (38.7 | ) | ||||||||||||||||||||||||||||||
Identifiable Assets |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant Gases |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||||
Tonnage Gases |
203.8 | 209.3 | 204.3 | 198.0 | 372.2 | 228.8 | 205.2 | 225.6 | 358.2 | |||||||||||||||||||||||||||||||||||||||||||
Electronics and Performance Materials |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||||
Equipment and Energy |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||||
Healthcare |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||||
Chemicals |
(546.3 | ) | (556.7 | ) | (541.7 | ) | (545.4 | ) | (698.9 | ) | (563.6 | ) | (561.5 | ) | (579.8 | ) | (688.8 | ) | ||||||||||||||||||||||||||||||||||
Other |
33.5 | 38.5 | 28.2 | 34.1 | 19.1 | 15.1 | 36.9 | 41.3 | 17.0 | |||||||||||||||||||||||||||||||||||||||||||
Total |
(309.0 | ) | (308.9 | ) | (309.2 | ) | (313.3 | ) | (307.6 | ) | (319.7 | ) | (319.4 | ) | (312.9 | ) | (313.6 | ) | ||||||||||||||||||||||||||||||||||
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