Exhibit 99.15
(Text of graph posted to Ashland Inc.'s website concerning
operating segment trade working capital)
Operating Segment Trade Working Capital % of Annualized Sales * | ||||||
Monthly Actual (%) | ||||||
2006 | 2007 | 2008 | ||||
January | 16.2 | 16.2 | ||||
February | 16.8 | 15.9 | ||||
March | 15.3 | 14.3 | ||||
April | 15.9 | 14.4 | ||||
May | 15.5 | 13.9 | ||||
June | 15.3 | 13.9 | ||||
July | 16.0 | 13.3 | ||||
August | 15.3 | 13.2 | ||||
September | 15.3 | 12.3 | ||||
October | 13.6 | 15.2 | 12.2 | |||
November | 14.6 | 15.8 | 13.2 | |||
December | 15.5 | 16.6 | ||||
* NOTE: Selected Working Capital Components - November 30, 2008 (a) | ||||||
Unaudited Data | ||||||
($ in millions) | Operating Segments (b) | |||||
Accounts receivable (c) | 1,241 | |||||
Inventories (d) | 703 | |||||
(Less) Trade and other payables | (890) | |||||
Net | 1,054 |
(a) | Working Capital Components exclude the businesses acquired upon the completion of the Hercules acquisition. | |
(b) | Represents amounts considered for internal performance metrics applicable to most employees. | |
(c) | Accounts receivable is shown net of allowances for doubtful accounts. | |
(d) | Operating segment amount excludes LIFO reserve. |