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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Catalysts | 761.2 | 797.9 | 1,061.8 | 1,101.6 | 1,067.6 | 1,031.5 | | |
| Performance Chemicals | 1,128.3 | 965.0 | 1,004.2 | 917.9 | 855.1 | 792.4 | 1,610.3 | 1,121.6 |
| All Other | 75.1 | 221.3 | 165.2 | 127.2 | 128.9 | 181.0 | 471.4 | 471.8 |
| Other | 1,363.3 | 1,144.8 | 1,358.2 | 1,228.3 | 1,020.3 | 672.3 | 744.7 | 852.1 |
| Total revenues | 3,328.0 | 3,128.9 | 3,589.4 | 3,375.0 | 3,072.0 | 2,677.2 | 2,826.4 | 2,445.5 |
| Revenue growth [+] | 6.4% | -12.8% | 6.4% | 9.9% | 14.7% | -5.3% | 15.6% | 2.1% |
| Catalysts | -4.6% | -24.9% | -3.6% | 3.2% | 3.5% | | | |
| Performance Chemicals | 16.9% | -3.9% | 9.4% | 7.3% | 7.9% | -50.8% | 43.6% | -1.8% |
| All Other | -66.1% | 33.9% | 29.9% | -1.3% | -28.8% | -61.6% | -0.1% | -1.1% |
| Cost of goods sold | 2,330.0 | 2,134.1 | 2,331.6 | 2,157.7 | 1,965.7 | 1,706.9 | 1,966.2 | 1,674.7 |
| Gross profit | 998.0 | 994.9 | 1,257.8 | 1,217.3 | 1,106.3 | 970.3 | 860.2 | 770.8 |
| Gross margin | 30.0% | 31.8% | 35.0% | 36.1% | 36.0% | 36.2% | 30.4% | 31.5% |
| Selling, general and administrative | 441.5 | 429.8 | 533.4 | 446.1 | 450.3 | 353.8 | 300.4 | 355.1 |
| Research and development | 54.0 | 59.2 | 58.3 | 70.1 | 84.3 | 80.5 | 89.2 | 88.3 |
| Equity in earnings | 95.8 | 127.5 | 129.6 | 89.3 | 84.5 | 121.2 | 59.0 | 35.7 |
| Other operating expenses | -299.0 | -19.6 | -5.9 | -214.3 | -17.1 | -64.9 | | |
| EBITDA [+] | 1,151.2 | 884.9 | 1,015.1 | 1,205.3 | 870.1 | 948.3 | 789.7 | 466.7 |
| EBITDA growth | 30.1% | -12.8% | -15.8% | 38.5% | -8.2% | 20.1% | 69.2% | -37.7% |
| EBITDA margin | 34.6% | 28.3% | 28.3% | 35.7% | 28.3% | 35.4% | 27.9% | 19.1% |
| Depreciation | 228.7 | 207.1 | 186.4 | 172.7 | 171.8 | 207.2 | 243.2 | 97.9 |
| EBITA | 922.6 | 677.9 | 828.7 | 1,032.6 | 698.3 | 741.2 | 546.5 | 368.8 |
| EBITA margin | 27.7% | 21.7% | 23.1% | 30.6% | 22.7% | 27.7% | 19.3% | 15.1% |
| Amortization of intangibles | 25.3 | 24.9 | 27.1 | 28.0 | 25.1 | 19.0 | 16.9 | 5.7 |
| EBIT [+] | 897.2 | 652.9 | 801.6 | 1,004.6 | 673.2 | 722.2 | 529.6 | 363.1 |
| EBIT growth | 37.4% | -18.5% | -20.2% | 49.2% | -6.8% | 36.4% | 45.8% | -43.4% |
| EBIT margin | 27.0% | 20.9% | 22.3% | 29.8% | 21.9% | 27.0% | 18.7% | 14.8% |
| Non-recurring items [+] | 3.0 | 19.6 | 5.9 | 3.8 | 17.1 | | 125.5 | 56.1 |
| Asset impairment | 3.0 | 19.6 | 5.9 | 3.8 | 17.1 | | -6.8 | 25.9 |
| Restructuring charges | | | | | | | 132.3 | 30.2 |
| Interest expense | 61.5 | 73.1 | 57.7 | 52.4 | 115.4 | 65.2 | 81.7 | 41.4 |
| Interest expense | 61.5 | 73.1 | 57.7 | 52.4 | 115.4 | 65.2 | 81.7 | 41.4 |
| Other income (expense), net [+] | -699.1 | -186.7 | -175.0 | -153.7 | -94.0 | -141.7 | -11.7 | -52.5 |
| Acquisition-related costs | | | | | | 57.4 | | |
| Gain (loss) on sale of business | -296.0 | | | -210.4 | | -122.3 | | |
| Other | -603.3 | -59.2 | -45.5 | -64.4 | -9.5 | -20.5 | 47.3 | -16.8 |
| Pre-tax income | 133.6 | 373.5 | 563.0 | 794.7 | 446.8 | 515.3 | 310.7 | 213.2 |
| Income taxes | 29.4 | 54.4 | 88.2 | 144.8 | 431.8 | 96.3 | 11.1 | 18.5 |
| Tax rate | 22.0% | 14.6% | 15.7% | 18.2% | 96.6% | 18.7% | 3.6% | 8.7% |
| Minority interest | 76.3 | 70.9 | 71.1 | 45.6 | 44.6 | 37.1 | 25.2 | 27.6 |
| Earnings from continuing ops | 123.7 | 375.8 | 533.2 | 693.6 | 54.9 | 441.5 | 302.4 | 433.3 |
| Earnings from discontinued ops | | | | | | 202.1 | 32.5 | -69.5 |
| Net income | 123.7 | 375.8 | 533.2 | 693.6 | 54.9 | 643.7 | 334.9 | 363.8 |
| Net margin | 3.7% | 12.0% | 14.9% | 20.6% | 1.8% | 24.0% | 11.8% | 14.9% |
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| Basic EPS [+] | $1.07 | $3.53 | $5.03 | $6.40 | $0.49 | $3.93 | $2.72 | $5.51 |
| Growth | -69.8% | -29.8% | -21.3% | 1193.5% | -87.4% | 44.4% | -50.6% | 12.8% |
| Diluted EPS [+] | $1.06 | $3.52 | $5.02 | $6.34 | $0.49 | $3.90 | $2.71 | $5.48 |
| Growth | -69.8% | -29.9% | -20.8% | 1198.2% | -87.5% | 43.8% | -50.5% | 12.9% |
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| Dividends per share [+] | $1.56 | $1.54 | $1.47 | $1.34 | $1.28 | $1.22 | $1.16 | $1.10 |
| Growth | 1.3% | 4.8% | 9.7% | 4.7% | 4.9% | 5.2% | 5.5% | 14.6% |
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| Shares outstanding (basic) [+] | 115.8 | 106.4 | 105.9 | 108.4 | 110.9 | 112.4 | 111.2 | 78.7 |
| Growth | 8.9% | 0.4% | -2.3% | -2.2% | -1.3% | 1.1% | 41.3% | -6.1% |
| Shares outstanding (diluted) [+] | 116.5 | 106.8 | 106.3 | 109.5 | 112.4 | 113.2 | 111.6 | 79.1 |
| Growth | 9.1% | 0.5% | -2.9% | -2.6% | -0.8% | 1.5% | 41.0% | -6.2% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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