Exhibit 99.15
(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 | 2010 | 2011 | ||||||
| January | 17.8 | 17.8 | 14.9 | 14.6 | ||||||
| February | 17.9 | 18.0 | 14.5 | 14.9 | ||||||
| March | 17.1 | 17.6 | 13.3 | 14.9 | ||||||
| April | 16.7 | 17.2 | 13.1 | 14.7 | ||||||
| May | 16.4 | 17.3 | 12.4 | 14.0 | ||||||
| June | 16.5 | 16.4 | 13.5 | 14.6 | ||||||
| July | 16.3 | 15.9 | 13.4 | |||||||
| August | 15.7 | 15.2 | 12.9 | |||||||
| September | 14.6 | 14.1 | 12.1 | |||||||
| October | 18.5 | 14.3 | 14.8 | 12.4 | ||||||
| November | 18.6 | 14.7 | 15.0 | 12.6 | ||||||
| December | 18.4 | 16.8 | 15.2 | 14.4 | ||||||
NOTE: Data has been adjusted to exclude Ashland Distribution, preceding its sale in March 2011, and includes the historical Hercules businesses, preceding its purchase in November 2008.
# Selected Working Capital Components - June 30, 2011 | ||||||||||||||||
| Unaudited Data | ||||||||||||||||
| ($ in millions) | Operating | Other | ||||||||||||||
| segments | (a) | components | (b) | Total | ||||||||||||
Accounts receivable (c) | 1,166 | 81 | 1,247 | |||||||||||||
Inventories (d) | 622 | (65 | ) | 557 | ||||||||||||
| (Less) Trade and other payables | (819 | ) | (437 | ) | (1,256 | ) | ||||||||||
| Net | 969 | (421 | ) | 548 | ||||||||||||
(a) Represents amounts considered in internal performance metrics applicable to most employees. | ||||||||||||||||
| (b) Amount relates primarily to items classified within the unallocated and other category. | ||||||||||||||||
| (c) Accounts receivable is shown net of allowances for doubtful accounts. | ||||||||||||||||
| (d) Operating segment amount excludes LIFO reserve, which is presented under other components. | ||||||||||||||||