Exhibit 99.18
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Inc. operating segment trade working capital)
% of Annualized Sales# | ||||||
Monthly Actual % | ||||||
2007 | 2008 | 2009 | ||||
January | 17.0 | * | 16.9 | |||
February | 16.7 | * | 16.9 | |||
March | 15.6 | * | 16.3 | |||
April | 15.5 | * | ||||
May | 15.1 | * | ||||
June | 15.2 | * | ||||
July | 14.6 | * | ||||
August | 14.5 | * | ||||
September | 13.7 | * | ||||
October | 16.3 | * | 13.3 | * | ||
November | 16.6 | * | 14.1 | |||
December | 17.1 | * | 16.2 |
*NOTE: Data has been adjusted to include the historical Hercules businesses, preceding its purchase in November 2008.
#NOTE: Selected Working Capital Components - March 31, 2009 | |||||||||||||||
Unaudited Data | |||||||||||||||
($ in millions) | Operating | Other | |||||||||||||
segments | (a) | components | Total | ||||||||||||
Accounts receivable (b) | 1,346 | 54 | (c) | 1,400 | |||||||||||
Inventories (d) | 762 | (134 | ) | 628 | |||||||||||
(Less) Trade and other payables | (814 | ) | (397 | ) | (c) | (1,211 | ) | ||||||||
Net | 1,294 | (477 | ) | 817 | |||||||||||
(a) Represents amounts considered in internal performance metrics applicable to most employees. | |||||||||||||||
(b) Accounts receivable is shown net of allowances for doubtful accounts. | |||||||||||||||
(c) Amount relates to items within Corporate reporting segments. | |||||||||||||||
(d) Operating segment amount excludes LIFO reserve, which is presented under other components. |