ELECTRONICS & IMAGING
Electronics & Imaging is a leading global supplier of differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries. The segment is a leading provider of materials and solutions for the fabrication of semiconductors and integrated circuits and also provides innovative metallization processes for metal finishing, decorative, and industrial applications. Electronics & Imaging is a leading
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global supplier of key materials for the manufacturing of photovoltaics ("PV") and solar cells, including innovative metallization pastes and back sheet materials for the production of solar cells and solar modules and in the advanced printing and packaging graphics industry providing flexographic printing inks, photopolymer plates, and platemaking systems used in digital printing applications for textile, commercial and home-office use. In addition, the segment provides cutting-edge materials for the manufacturing of rigid and flexible displays for liquid crystal displays ("LCD"), advanced-matrix organic light emitting diode ("AMOLED"), and quantum dot ("QD") applications.
NUTRITION & BIOSCIENCES
Nutrition & Biosciences is an innovation-driven and customer-focused segment that provides solutions for the global food and beverage, pharma, personal care, energy and animal nutrition markets. It consists of two operating segments: Nutrition & Health and Industrial Biosciences.
Nutrition & Health
The Nutrition & Health business is one of the world’s largest producers of specialty food ingredients, developing and manufacturing solutions for the global food and beverage market. Its innovative and broad portfolio of natural-based ingredients marketed under the DuPont DANISCO® brand serves to improve health and nutrition as well as taste and texture in a wide range of dairy, beverage, bakery, and dietary supplement applications. Its probiotics portfolio, including the HOWARU® brand, is world famous for its extensively documented strains that deliver consumers benefits in digestive and immune health. In addition to serving the global food and beverage market, the Nutrition & Health business is one of the world's largest producers of cellulosic- and alginates based pharma excipients, used to improve the functionality and delivery of pharmaceuticals, and enabling the development of more effective pharma solutions.
Industrial Biosciences
The Industrial Biosciences business is an industry pioneer and innovator that works with customers to improve the performance, productivity and sustainability of their products and processes through biotechnology and engineering solutions including enzymes, biomaterials, biocides and antimicrobial solutions and process technology. Industrial Biosciences offers better, cleaner and safer solutions to a wide range of industries including animal nutrition, biofuels, apparel and textiles, food and beverages, cleaning, personal care, fertilizers, and oil and gas.
TRANSPORTATION & ADVANCED POLYMERS
Transportation & Advanced Polymers provides high-performance engineering resins, adhesives, lubricants and parts to engineers and designers in the transportation, electronics, medical, industrial and consumer end-markets to enable systems solutions for demanding applications and environments.
The segment delivers a broad range of polymer-based high-performance materials in its product portfolio, including elastomers and thermoplastic and thermoset engineering polymers which are used by customers to fabricate components for mechanical, chemical and electrical systems. The main products include: DUPONT™ ZYTEL® nylon resins, DELRIN® acetal resins, HYTREL® polyester thermoplastic elastomer resins, TYNEX® filaments, VESPEL® parts and shapes, VAMAC® ethylene acrylic elastomer, KALREZ® perfluoroelastomer, CRASTIN® PBT thermoplastic polyester resin, RYNITE® PET polyester resin, MOLYKOTE® lubricants, DOW CORNING® silicone solutions for healthcare, MULTIBASE™ TPSiV™ silicones for thermoplastics and BETASEAL™, BETAMATE™ and BETAFORCE™ structural and elastic adhesives. The segment produces innovative and differentiated adhesive technologies to meet customer specifications for durability, crash performance, and healthcare applications. Transportation & Advanced Polymers also targets the performance plastics and fluid solutions markets by developing technologies that differentiate customers’ products with improved performance characteristics.
SAFETY & CONSTRUCTION
Safety & Construction is the global leader in providing innovative engineered products and integrated systems for a number of industries including construction, worker safety, energy, oil and gas, transportation, medical devices and water purification and separation. Safety & Construction addresses the growing global needs of businesses, governments and consumers for solutions that make life safer, healthier and better.
Innovation is the business imperative. By uniting market-driven science with the strength of highly regarded brands including DUPONT™ KEVLAR® high-strength material, NOMEX® thermal-resistant material, CORIAN® solid surfaces, TYVEK® selective barriers, Dow FILMTEC™ reverse osmosis elements, Dow STYROFOAM™ insulation and Dow GREAT STUFF™ do it yourself products, the segment strives to bring new products and solutions to solve customers' needs faster, better and more cost effectively. Safety & Construction is investing in future growth initiatives such as the protection of perishable and temperature sensitive foods and pharmaceutical products, new roofing products, flame resistant cargo containers, protective clothing with much higher levels of arc protection for utilities, more comfortable and higher particulate protection hoods for firefighters and high recovery reverse osmosis elements. Through the sustainable solutions product line, the segment is a leader
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in safety consulting, selling training products as well as consulting services, to improve the safety, productivity and sustainability of organizations across a range of industries.
CORPORATE
Corporate includes certain enterprise and governance activities (including insurance operations, environmental operations, geographic management, etc.); business incubation platforms; non-business aligned joint ventures; gains and losses on the sales of financial assets; severance costs; non-business aligned litigation expenses; discontinued or non-aligned businesses and pre commercial activities.
Product transfers to Agriculture from other operating segments are generally valued at market-based prices. Other transfers of products between operating segments are generally valued at cost.
Sales are attributed to geographic regions based on customer location; long-lived assets are attributed to geographic regions based on asset location.
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Geographic Region Information
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United States
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EMEA
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Rest of World
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Total
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In millions
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2017
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Sales to external customers
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$
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21,210
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$
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18,069
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$
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23,205
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$
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62,484
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Long-lived assets
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$
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23,274
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$
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6,252
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$
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6,721
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$
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36,247
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2016
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Sales to external customers
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$
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16,681
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$
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13,633
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$
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17,844
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$
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48,158
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Long-lived assets
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$
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14,812
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$
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2,708
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$
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5,966
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$
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23,486
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2015
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Sales to external customers
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$
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16,865
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$
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14,288
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$
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17,625
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$
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48,778
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Long-lived assets
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$
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11,062
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$
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2,137
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$
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4,655
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$
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17,854
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Segment Information
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Agri-culture
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Perf. Materials & Coatings
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Ind. Interm. & Infrast.
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Pack. & Spec. Plastics
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Elect. & Imaging
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Nutrition & Biosciences
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Transp. & Adv. Polymers
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Safety & Const.
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Corp.
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Total
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In millions
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2017
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Net sales
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$
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7,516
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$
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8,783
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$
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12,647
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$
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21,456
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$
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3,356
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$
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2,812
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$
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2,521
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$
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3,006
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$
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387
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$
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62,484
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Pro forma net sales
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14,342
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8,740
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12,640
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22,392
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4,775
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5,980
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5,131
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5,142
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393
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79,535
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Restructuring, goodwill impairment and asset related charges - net 1
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134
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1,578
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17
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716
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125
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1
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2
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53
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654
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3,280
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Equity in earnings (losses) of nonconsolidated affiliates
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3
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|
394
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172
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189
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3
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13
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(1
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)
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2
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(11
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)
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764
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Pro forma Operating EBITDA 2
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2,611
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2,121
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2,282
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4,698
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1,486
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1,302
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1,319
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1,190
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(843
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)
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16,166
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Depreciation and amortization
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427
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|
903
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604
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911
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297
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248
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183
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|
266
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|
130
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3,969
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Total assets
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45,569
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15,532
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12,113
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25,809
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14,400
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25,357
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14,712
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15,452
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23,220
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192,164
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Investment in nonconsolidated affiliates
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333
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769
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1,699
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1,184
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530
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|
203
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76
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|
359
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|
183
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5,336
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Capital expenditures
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310
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448
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295
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1,965
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135
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|
157
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74
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|
186
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—
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3,570
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2016
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Net sales
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$
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6,173
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$
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6,412
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$
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10,832
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$
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18,404
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$
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2,307
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$
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975
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$
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897
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$
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1,877
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$
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281
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$
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48,158
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Pro forma net sales
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14,060
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6,362
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10,820
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19,848
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4,266
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5,763
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4,497
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4,984
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|
294
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70,894
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Restructuring, goodwill impairment and asset related charges - net 1
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5
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42
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83
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10
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—
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1
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—
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(3
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)
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457
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595
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Asbestos-related charge 3
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—
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—
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—
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—
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—
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—
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—
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—
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1,113
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1,113
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Equity in earnings (losses) of nonconsolidated affiliates
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5
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|
303
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(18
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)
|
137
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24
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10
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8
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1
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(28
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442
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Pro forma Operating EBITDA 2
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2,322
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1,228
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1,672
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5,129
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1,173
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1,227
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1,045
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1,130
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(812
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)
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14,114
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Depreciation and amortization
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186
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|
685
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|
649
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|
770
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217
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64
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49
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|
121
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121
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2,862
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Total assets 4
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6,960
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16,871
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11,649
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17,837
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6,932
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1,246
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1,807
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2,833
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13,376
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79,511
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Investment in nonconsolidated affiliates 4
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84
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|
939
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1,588
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881
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—
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30
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—
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|
7
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|
218
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|
3,747
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Capital expenditures
|
222
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|
405
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|
232
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|
2,731
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|
79
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|
31
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|
16
|
|
88
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|
—
|
|
3,804
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2015
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|
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|
|
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Net sales
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$
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6,327
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|
$
|
4,517
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$
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13,691
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$
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18,357
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$
|
1,987
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|
$
|
1,029
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|
$
|
583
|
|
$
|
1,938
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|
$
|
349
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$
|
48,778
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Restructuring, goodwill impairment and asset related charges - net 1
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16
|
|
80
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|
—
|
|
69
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|
51
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|
16
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|
—
|
|
33
|
|
294
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|
559
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Equity in earnings (losses) of nonconsolidated affiliates
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3
|
|
205
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|
226
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|
220
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|
62
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6
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20
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|
1
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(69
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)
|
674
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Operating EBITDA 5
|
833
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|
606
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|
2,425
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|
4,812
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|
583
|
|
130
|
|
156
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|
400
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(257
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)
|
9,688
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Depreciation and amortization
|
180
|
|
308
|
|
752
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|
747
|
|
213
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|
68
|
|
25
|
|
119
|
|
109
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|
2,521
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Total assets 4, 6
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6,123
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|
8,899
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9,829
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14,310
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5,993
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1,382
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|
544
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|
2,467
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|
18,391
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|
67,938
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Investment in nonconsolidated affiliates 4
|
85
|
|
1,677
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|
155
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|
304
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|
—
|
|
34
|
|
—
|
|
7
|
|
1,696
|
|
3,958
|
|
Capital expenditures
|
307
|
|
188
|
|
254
|
|
2,683
|
|
78
|
|
32
|
|
11
|
|
150
|
|
—
|
|
3,703
|
|
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1.
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See Note 5 for information regarding the Company's restructuring programs and other asset related charges.
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2.
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A reconciliation of "Income from continuing operations, net of tax" to pro forma Operating EBITDA is provided in the table on the following page.
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3.
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See Note 16 for information regarding the asbestos-related charge.
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4.
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Equity contributions to Sadara were reflected in Corporate in 2015, and were reallocated to Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics in 2016.
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5.
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A reconciliation of "Income from continuing operations, net of tax" to Operating EBITDA is provided in the table on the following page.
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6.
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Presented in accordance with ASU 2015-17.
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