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 | * | 15.9 | |||
May | 15.1 | * | 16.0 | |||
June | 15.2 | * | 14.9 | |||
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 - June 30, 2009 | ||||||||||||||||||||
Unaudited Data | ||||||||||||||||||||
($ in millions) | Operating | Assets | Other | |||||||||||||||||
segments | (a) | held for sale | components | Total | ||||||||||||||||
Accounts receivable (b) | 1,407 | (26 | ) | 39 | (c) | 1,420 | ||||||||||||||
Inventories (d) | 683 | (18 | ) | (119 | ) | 546 | ||||||||||||||
(Less) Trade and other payables | (880 | ) | 10 | (375 | ) | (c) | (1,245 | ) | ||||||||||||
Net | 1,210 | (34 | ) | (455 | ) | 721 | ||||||||||||||
(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. |