A Includes restructuring credits of $34.8 ($21.1 after-tax or $.37 per common share - diluted) which are the result of the reversal of significant restructuring charges, which include severance and environmental closure costs of $28.1 related to the decision to continue operations at the Petrolia facility and $15.5 related to revisions of estimates for certain plant environmental closure costs. These credits are offset by charges of $8.8 primarily associated with the company's global systems implementation and charges related to expenditures for equipment at sites previously identified for closure, which otherwise would have been capitalized. Also includes other non-recurring charges of $22.0 ($13.4 after-tax or $.23 per common share - diluted) for environmental remediation and compliance costs, gains of $1.1 ($0.7 after-tax or $.01 per common share - diluted) related to the disposition of businesses and $4.5 ($2.5 after-tax or $.04 per common share - diluted) related to the disposition of an investment.
B Includes restructuring charges of $13.0 ($8.0 after-tax or $.14 per common share - diluted) primarily related to expenditures for equipment at sites previously identified for closure which otherwise would have been capitalized. Also includes gains of $1.0 ($0.6 after-tax or $.01 per common share - diluted) as result of settlements with certain of the Company's insurers, net of related legal and other costs and $2.0 ($1.2 after-tax or $.02 per common share - diluted) from the disposition of businesses.
C Pursuant to Emerging Issues Task Force No. 97-13 issued on November 20, 1997, the Company changed its accounting policy in the fourth quarter of 1997 regarding the accounting for costs associated with projects that combine business process reengineering and information technology transformation. Previously, substantially all direct costs relating to these projects were capitalized, including the portion related to business process reengineering. Under the consensus, all future costs for the business process reengineering component must be expensed as incurred with the unamortized balance of these costs as of September 30, 1997 of $5.2 (net of income taxes), or $.09 per common share - diluted written-off as a cumulative catch-up adjustment in the fourth quarter of 1997.
D Includes a restructuring charge of $345.1 ($239.3 after-tax or $4.23 per common share - diluted) which includes severance and related costs of $104.5, a write-down of property, plant and equipment of $96.9, environmental closure costs of $53.3, a write-down of goodwill and intangibles of $40.0, demolition costs of $26.2 and other costs of $24.2. Also includes other non-recurring charges of $91.0 ($71.3 after-tax or $1.26 per common share - diluted) which include provisions for litigation of $34.7, environmental remediation costs of $30.1 and other matters of $26.2. Also includes a gain of $4.3 ($2.6 after-tax or $.05 per common share - diluted) as result of settlements with certain of the Company's insurers, net of related legal and other costs.
E Includes gains of $55.1 ($33.7 after-tax or $.59 per common share-diluted) as a result of settlements with certain of the Company's insurers, net of related legal and other costs and $54.0 ($33.0 after-tax or $.58 per common share-diluted) from the disposition of businesses. Also includes a restructuring charge of $33.8 ($20.6 after-tax or $.36 per common share-diluted) related to a write-down of property, plant and equipment of $21.8 and other costs of $12.0. Also includes $18.1 ($11.0 after-tax or $.20 per common share-diluted) related to provisions for environmental remediation costs and litigation.
F Includes the results of operations of OSi Specialties for the three months ended December 31, 1995.
G Includes a gain of $5.1 ($3.1 after-tax or $.05 per common share - diluted) from the disposition of businesses.