| | Quarter Ended September 30, 2010 | | | Quarter Ended December 31, 2010 | |
| | GAAP | | | Managed Basis | | | | | | GAAP | | | Managed Basis | | | | |
| | Historical | | | Adjustments | | | Managed Basis | | | Historical | | | Adjustments | | | Managed Basis | |
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NET SALES | | | | | | | | | | | | | | | | | | |
Industrial Performance Products | | $ | 321 | | | $ | - | | | $ | 321 | | | $ | 303 | | | $ | - | | | $ | 303 | |
Industrial Engineered Products | | | 190 | | | | - | | | | 190 | | | | 191 | | | | - | | | | 191 | |
Consumer Products | | | 106 | | | | - | | | | 106 | | | | 89 | | | | - | | | | 89 | |
Chemtura AgroSolutions | | | 93 | | | | - | | | | 93 | | | | 97 | | | | - | | | | 97 | |
Total net sales | | $ | 710 | | | $ | - | | | $ | 710 | | | $ | 680 | | | $ | - | | | $ | 680 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
OPERATING PROFIT (LOSS) | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Industrial Performance Products | | $ | 27 | | | $ | - | | | $ | 27 | | | $ | 29 | | | $ | - | | | $ | 29 | |
Industrial Engineered Products | | | 8 | | | | 5 | | | | 13 | | | | 13 | | | | 4 | | | | 17 | |
Consumer Products | | | 14 | | | | - | | | | 14 | | | | 9 | | | | - | | | | 9 | |
Chemtura AgroSolutions | | | 6 | | | | 3 | | | | 9 | | | | 9 | | | | - | | | | 9 | |
Segment operating profit | | | 55 | | | | 8 | | | | 63 | | | | 60 | | | | 4 | | | | 64 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
General corporate expense, including amortization | | | (30 | ) | | | 5 | | | | (25 | ) | | | (29 | ) | | | (1 | ) | | | (30 | ) |
Change in useful life of property, plant and equipment | | | - | | | | - | | | | - | | | | (1 | ) | | | 1 | | | | - | |
Facility closures, severance and related costs | | | 2 | | | | (2 | ) | | | - | | | | - | | | | - | | | | - | |
Gain on sale of business | | | 2 | | | | (2 | ) | | | - | | | | - | | | | - | | | | - | |
Impairment charges | | | - | | | | - | | | | - | | | | (57 | ) | | | 57 | | | | - | |
Changes in estimates related to expected allowable claims | | | 40 | | | | (40 | ) | | | - | | | | (2 | ) | | | 2 | | | | - | |
Total operating profit (loss) | | $ | 69 | | | $ | (31 | ) | | $ | 38 | | | $ | (29 | ) | | $ | 63 | | | $ | 34 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Managed Basis Adjustments consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | |
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Accelerated depreciation of property, plant and equipment | | | | | | $ | 5 | | | | | | | | | | | $ | 4 | | | | | |
Facility closures, severance and related costs | | | | | | | (2 | ) | | | | | | | | | | | - | | | | | |
Gain on sale of business | | | | | | | (2 | ) | | | | | | | | | | | - | | | | | |
Impairment charges | | | | | | | - | | | | | | | | | | | | 57 | | | | | |
Changes in estimates related to expected allowable claims | | | | | | | (40 | ) | | | | | | | | | | | 2 | | | | | |
Other operational adjustments | | | | | | | 8 | | | | | | | | | | | | - | | | | | |
| | | | | | $ | (31 | ) | | | | | | | | | | $ | 63 | | | | | |
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DEPRECIATION AND AMORTIZATION | | | | | | | | | | | | | | | | | | | | | | | | |
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Industrial Performance Products | | $ | 8 | | | $ | - | | | $ | 8 | | | $ | 9 | | | $ | - | | | $ | 9 | |
Industrial Engineered Products | | | 17 | | | | (5 | ) | | | 12 | | | | 17 | | | | (4 | ) | | | 13 | |
Consumer Products | | | 2 | | | | - | | | | 2 | | | | 3 | | | | - | | | | 3 | |
Chemtura AgroSolutions | | | 2 | | | | - | | | | 2 | | | | 3 | | | | - | | | | 3 | |
General corporate expense | | | 11 | | | | - | | | | 11 | | | | 9 | | | | - | | | | 9 | |
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Total depreciation and amortization | | $ | 40 | | | $ | (5 | ) | | $ | 35 | | | $ | 41 | | | $ | (4 | ) | | $ | 37 | |
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NON-CASH STOCK-BASED COMPENSATION EXPENSE | | | | | | | | | | | | | | | | | | | | | | | | |
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Industrial Performance Products | | | | | | | | | | $ | - | | | | | | | | | | | $ | 1 | |
Industrial Engineered Products | | | | | | | | | | | - | | | | | | | | | | | | 1 | |
Consumer Products | | | | | | | | | | | - | | | | | | | | | | | | - | |
Chemtura AgroSolutions | | | | | | | | | | | - | | | | | | | | | | | | - | |
General corporate expense | | | | | | | | | | | 1 | | | | | | | | | | | | 5 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total non-cash stock-based compensation expense | | | | | | | | | | $ | 1 | | | | | | | | | | | $ | 7 | |
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Adjusted EBITDA by Segment: | | | | | | | | | | | | | | | | | | | | | | | | |
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Industrial Performance Products | | | | | | | | | | $ | 35 | | | | | | | | | | | $ | 39 | |
Industrial Engineered Products | | | | | | | | | | | 25 | | | | | | | | | | | | 31 | |
Consumer Products | | | | | | | | | | | 16 | | | | | | | | | | | | 12 | |
Chemtura AgroSolutions | | | | | | | | | | | 11 | | | | | | | | | | | | 12 | |
General corporate expense | | | | | | | | | | | (13 | ) | | | | | | | | | | | (16 | ) |
Adjusted EBITDA | | | | | | | | | | $ | 74 | | | | | | | | | | | $ | 78 | |