DuPont 2015 DataBook-FINAL

March 25, 2018 | Author: valerieinct | Category: Dividend, Equity (Finance), Investing, Income Tax In The United States, Innovation


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2015DUPONT DATA BOOK Contents 1 DuPont Investor Relations 2 Corporate Financial Data Consolidated Income Statements Consolidated Balance Sheets Consolidated Statements of Cash Flows Segment Information Selected Additional Data 10 Science-Based Innovation 12 Business Segments Agriculture Electronics & Communications Industrial Biosciences Nutrition & Health Performance Materials Protection Solutions Inside Back Cover Board of Directors and DuPont Senior Leadership Individual Shareholder Relations: (302) 774-3034 Main Office Number: (302) 774-4994 Internet: www.dupont.com noncontrolling interests. legal liability to third parties and similar risks. among other things. (x) legislative. Neither Dow nor DuPont assumes any obligation to publicly provide revisions or updates to any forward-looking statements regarding the proposed transaction and intended business separations. as amended. this DATA BOOK presents non-GAAP measures. no such list should be considered to be a complete statement of all potential risks and uncertainties. (i) the completion of the proposed transaction on anticipated terms and timing. business or supply disruptions. These reports. terrorism or war.S. and risks related to the agreement entered on December 11. Use of Non-GAAP Measures As a supplement to DuPont financial results prepared in accordance with U. failure to appropriately manage process safety and product stewardship issues. should circumstances change. ability to protect and enforce the company’s intellectual property rights. tabular and other statistical data about the consolidated company and its business segments. future prospects. along with reconciliations of non-GAAP measures to GAAP are available on the Investor Center of www. operating earnings before interest. interest and currency exchange rates. (ix) continued availability of capital and financing and rating agency actions. business disruption. during the pendency of the merger that could affect Dow’s and/or DuPont’s financial performance. as amended. to different degrees. regulations and policies affecting products based on biotechnology and. with The Dow Chemical Company pursuant to which the companies have agreed to effect an all-stock merger of equals. and Section 21E of the Securities Exchange Act of 1934.” “plan. DuPont or their respective directors. While the list of factors presented here is.” “see. including possible issues or delays in obtaining required regulatory approvals or clearances. future developments or otherwise. The company undertakes no duty to publicly revise or update any forward-looking statements as a result of future developments.” similar expressions. Important risk factors relating to the proposed transaction and intended business separations include. (viii) uncertainty as to the long-term value of DowDuPont common stock. and variations or negatives of these words. and free cash flow. (iv) potential litigation relating to the proposed transaction that could be instituted against Dow. earnings. Non-GAAP measures are not a substitute for GAAP results. including Section 27A of the Securities Act of 1933. Forward-looking statements by their nature address matters that are. for products for the agriculture industry. disruptions in the financial markets or other potential barriers. The company believes that a discussion of operating results provides a useful analysis of ongoing operations. The determination of significant items may not be comparable to similarly titled measures used by other companies. 10-Q. (iii) the intended separation of the agriculture. financial loss. which excludes significant items and non-operating pension and other postretirement employee benefit costs. anticipated tax treatment. operating earnings before interest.” “anticipate. outcome of significant litigation and environmental matters. economic performance. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include. see DuPont quarterly earnings news releases. many of which are beyond the company’s control. future capital expenditures.” “target. such as inflation. uncertain.DuPont Investor Relations Greg Friedman Jennifer Driscoll Tim Johnson Ann Giancristoforo Pat Esham Vice President (302) 999-5504 Director (302) 999-5510 Director (515) 535-2177 Manager (302) 999-5511 Specialist (302) 999-5513 The DuPont DATA BOOK has been prepared to assist in understanding and evaluating the company. Non-GAAP measures include but are not limited to operating earnings and operating earnings per share. including current plans and operations. prevent or otherwise adversely affect the proposed transactions.” “believe. if any.com. (v) the risk that disruptions from the proposed transaction will harm Dow’s or DuPont’s business.dupont. synergies. The company uses non-GAAP measures to evaluate and manage the company’s operations. taxes.” “seek. and often contain words such as “expect. (xi) potential business uncertainty. In this context. acts of terrorism or outbreak of war or hostilities. (xii) certain restrictions during the pendency of the merger that may impact Dow’s or DuPont’s ability to pursue certain business opportunities or strategic transactions and (xiii) unpredictability and severity of catastrophic events. as well as other risks associated with the proposed merger. Consolidated company and segment results are shown on an operating earnings basis. ability to respond to market acceptance. or new information or otherwise. and 8-K. For complete details of significant items. and the list of factors presented in the preliminary registration statement on Form S-4 are. failure to develop and market new products and optimally manage product life cycles. should circumstances change. but are not limited to. such as acts of sabotage. This data should be read in conjunction with previously published company reports on Forms 10-K. financial condition. successful integration of acquired businesses and separation of underperforming or non-strategic assets or businesses. 2015. changes in laws and regulations or political conditions. results of operations. including realization of associated indemnification assets. natural disasters and weather events and patterns which could affect demand as well as availability of products for the agriculture industry. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. expenses.” “will. including anticipated timing. including a number of conditions which could delay. generally accepted accounting principles (GAAP).com. and noncontrolling interests (EBIT). Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-Looking Statements This DATA BOOK contains “forward-looking statements” within the meaning of the federal securities laws. Some of the important factors that could cause the company’s actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices. the ability to fully and timely realize the expected benefits of the proposed transaction and risks related to the intended business separations contemplated to occur after the completion of the proposed transaction. as defined by the company. expansion and growth of the new combined company’s operations and other conditions to the completion of the merger. (vi) the ability of Dow or DuPont to retain and hire key personnel. business and management strategies for the management. in general. are more fully discussed in the joint proxy statement/prospectus included in the preliminary registration statement on Form S-4 filed with the SEC in connection with the proposed merger. including obtaining shareholder and regulatory approvals. These risks. rules. losses. revenues. but not limited to. (ii) the ability of Dow and DuPont to integrate the business successfully and to achieve anticipated synergies. taxes. Forward-looking statements also involve risks and uncertainties. risks and costs and pursuit and/or implementation of the potential separations. depreciation and amortization (EBITDA). any changes to the configuration of businesses included in the potential separation if implemented. including the completion of the proposed transaction on anticipated terms and timing. forwardlooking statements often address expected future business and financial performance and financial condition. including changes to existing business relationships.” “would. including. indebtedness.” “intend. except as otherwise required by securities and other applicable laws. as well as management’s response to any of the aforementioned factors. such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. whether as a result of new information. any of which could have a material adverse effect on Dow’s or DuPont’s consolidated financial condition. material science and specialty products businesses of the combined company postmergers in one or more tax efficient transactions on anticipated terms and timing. except as otherwise required by securities and other applicable laws. This book presents graphics. (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the merger. March 2016 DuPont Data Book  1 . regulatory and economic developments. security threats. global economic and capital markets conditions. unforeseen liabilities.dupont. The DuPont DATA BOOK is available at www. operational problems. credit rating or liquidity. considered representative. 610 1.220 10.82–59.69 942 933 64. $3.2% 2.7 ($166) –2. 4 Number of employees excludes employees associated with the Performance Chemicals segment for all years presented.5% 53. Kimberly Clark.712 2.60 80.958 $  25.2% 44. Johnson and Johnson.166 7.8% –1.25 933 927 73.2% 20 70. FactSet.843 1.206 2.629 1.09 2. Johnson Controls.7% 19 72. 2015.000 $0 2011 2012 2013 Share Repurchase 2  DuPont Data Book 2014 2015 Dividends .6% 7. Ingersoll-Rand.993 1.020 1.7% 44.926 1.723 50.895 2.71 2.5% 61.1% 62.000 (dollars in millions) Stockholder Return $2.037 $  28.72 45.2% 7. 3 The cash flows related to Performance Chemicals have not been segregated and are included in the Consolidated Statements of Cash Flows for each year presented.11 17.503 978 3.3% 11. segment results and related calculations for all periods presented. operating earnings. assumes dividends are re-invested at the closing price applicable on the ex-dividend date.78 3.8 ($66) 17.849 1. Proctor and Gamble.20 900 871 –5.6 ($134) 1. Baxter International.883 1. Cash flow activity for 2015 includes cash flows related to Performance Chemicals for the six months ended June 30.757 5.065 3.7% 2. and United Technologies. TSR reported on a market cap weighted basis.0% 46.5% 13.1% 11.1% 10.420 16.179 1.339 6.142 10.229 50.882 2.97 65.210 941 3. Emerson.130 1.11 11.000 $1.7 ($127) 61 61 55 54 52 1 On July 1.7 1. 2015 One Year Three Year Five Year DuPont* –3% 70% 64% S&P 500* 1% 53% 81% $4. the company completed the separation of its Performance Chemicals segment.6% –9.095 2.34 3.36 1.70 2. Syngenta AG.6% –8.46 922 905 66. over a given period.12 1.599 5.8% 3.316 1.1% 12.2% 3.019 5.308 5.36 1. Honeywell. plus any dividends.843 $  27.704 10.027 4.490 8.110 1.001 $  28. Year End Total assets Working capital1 Total debt DuPont stockholders’ equity Data Per Common Share1 Income from continuing operations after income taxes – diluted Operating earnings after income taxes – diluted2 Dividends Market price   Year-end close   High-low range Book value at year-end Average number of shares (millions) – diluted Shares outstanding – year-end (millions) Ratios1 Total stockholder return   Dividend yield   Share price (decrease) increase P/E on operating earnings after income taxes Dividend payout.00–37.0 1.10 9.055 12. Monsanto. plant and equipment Research and development expense Financial Position.4% 21 57.311 4.7 1.680 4. Boeing.000 Proxy Peers** –3% 43% 66% * Source: Datastream as of 12/31/2015. ** 2015 Proxy Peers: 3M.866 11.5% 43.655 13.965 3.84 2.6 ($136) 49.9% 61.238 1.34 1.98–41.00–45.360 3.998 2. Air Products. 2015. Merck. the results of Performance Chemicals are presented as discontinued operations and as such have been excluded from continuing operations. except per share) Operating Results1 Net sales Income from continuing operations after income taxes Operating earnings after income taxes2 Depreciation Adjusted EBIT2 Adjusted EBITDA2 Cash provided by operating activities3 Purchases of property.20 2.3% 10.77 1.3% 9.071 8.67 10.006 4.145 3.3% 57.208 52. Total Shareholder Return calculated as the appreciation or depreciation of share price.122 4. Accordingly.64 1.94 75.0% 2.1 1.5% 59.807 9.656 2.16 941 926 44.8% 22 54.153 12.35 14. as percentage of operating earnings2 per share Return on average investors’ capital (operating earnings2) Asset turnover ratio1 Debt to total capital Interest coverage ratio (operating earnings2) Current ratio1 Exchange loss (operating earnings2) – net of tax Employees4 Number of employees – year-end (thousands) 2011 2012 2013 2014 2015 $  25. expressed as a percentage of the share’s value at the beginning of the period.1 1.320 41. Dow Chemical.406 3. 2 See page 9 for reconciliations of non-GAAP measures. Cash Returned to Shareholders Total Stockholder Return through December 31.98 53.Corporate Financial Data Corporate Highlights (dollars in millions.8% 12.39 3.168 2.0% 10.793 2. Caterpillar.65–47.062 6.78 57.508 8.1% 64.898 49.152 1.9% 24 62. 612 2.3% 1  See page 7 for detail of significant items.348 360 108 177 35 1.145 1.953 1.926 1 Operating earnings per share of common stock – diluted 2 1st 1. net   Gain on sale of equity method investment   Net gains on sales of businesses and other assets   Net exchange (losses) gains  Cozaar®/Hyzaar® income   Miscellaneous income and expenses. general and administrative expenses 5.9% 4.060 6.36 1.277 138 129 49 — 92 30 — 259 697 Net sales Cost of goods sold Interest expense Employee separation/asset related charges.Consolidated Income Statements (dollars in millions.0% 27.1% 26.130 1. net   Total other income.413 5.282 2nd 1. except per share) For the year ended December 31.277) (697) 447 464 448 377 342 53 457 112 476 810 1.566 4.685 3.4% 27.755 4.078 5.42 0.406 25.503 Net sales 1st 2nd 3rd 4th Total 28.715 1. net   Royalty income   Interest income   Equity in earnings (loss) of affiliates.656 491 64 Net income 3.883 $  27.39 0.905 5.037 1.555 1.290 2.566 485 533 (101) $  4.780 4.959 40 25 14 11 6 3. DuPont Data Book  3 .2% 18.08 0. significant items and non-operating pension/OPEB costs.843 2.342 4. before significant items and non-operating pension/OPEB costs Exchange gains (losses) effect Base income tax rate from continuing operations 2013 2014 2015 $  2.023 15.39 2.848 3.20 2.000 6.837 7.958 1. except per share) Financial Results by Quarter 2013 2014 2015 $  8.27 2.130 16.   excluding exchange gains (losses) Effective income tax rate (GAAP) Significant items effect and non-operating pension/   OPEB costs effect Tax rate.615 Research and development expense 1. net Income from continuing operations before income taxes Provision for income taxes on continuing operations Less: Net income attributable to noncontrolling interests Net income attributable to DuPont Diluted earnings per share of common stock from continuing operations *Other income.001 2.98 3rd 0.898 Other income.1% (5.313 2.323 907 361 519 1.168 (97) 41 (420) 696 105 131 (220) 680 692 712 14.3% (8.819 8.055 1.222 645 459 Selling. from continuing operations.42 2nd 1.37 1.591 59 122 360 1.656 1.594 8.13 0.849 $  7.636 1. 2011 2012 2013 2014 2015 $  25.591 453 397 93 3.12 3.5% 18.09 152 110 149 — 80 (213) 282 9 569 152 109 74 122 129 (212) 54 4 432 163 136 22 9 21 (101) 14 107 371 156 129 (36) — 710 196 — 122 1.895 Income from discontinued operations after income taxes 1. (dollars in millions) Income from continuing operations before income   taxes (GAAP) Add: Significant items charge (benefit) – included in income1    Non-operating pension/OPEB costs Less: Net exchange (losses) gains Income from continuing operations before income   taxes.998 $  28.599 2.891 4.   and non-operating pension/OPEB costs Provision for income taxes on continuing operations (GAAP) Add: Tax benefits (expense) on significant items Tax benefits on non-operating pension/OPEB costs Tax benefits (expense) on exchange gains/losses Provision for income taxes on operating earnings.862 3.9%) 17.110 2.299 28.77 1 See page 9 for reconciliations of non-GAAP measures.0% 0.261 16.313 (209) 128 254 $  2.119 $ 8.153 994 117 239 3.003 3rd 249 392 4th Total 2.406 $  25.121 4.625 1.168 2.610 $  28.998 Operating earnings after income taxes 1st 1.5% 26.34 3.57 4th Total 3.09 0.71 1.168 696 Income from continuing operations after income taxes 1. 2 Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average shares outstanding calculations.873 5.978 3.26 1.058 5. net* (569) (432) (371) (1.8%) 0.0% (0. Reconciliation of Base Income Tax Rate to Effective Income Tax Rate Base income tax rate is defined as the effective income tax rate less the effect of exchange gains (losses).26 0.8%) 21.862 17. significant items.559 2.642 17. net Selected Additional Data (dollars in millions.943 1. exchange (losses) gains.112 Other operating charges 1.206 3. 166 Assets Current assets   Cash and cash equivalents   Marketable securities   Accounts and notes receivable.166 $  3.643 6.591 $  8.387 24.429 14.580 — — 10.941 145 5.378 50.910 124 5.040 10.591 357 3.079 891 2.044 49.233 13.490 24.966 Total DuPont stockholders’ equity Noncontrolling interests Total equity  Total 8.119 1.238 6.142 23.381 21.323 1.351 650 39.591 417 30. plant and equipment Goodwill Other intangible assets Investment in affiliates Deferred income taxes1 Other assets  Total Liabilities and Stockholders Equity Current liabilities   Accounts payable   Short-term borrowings and capital lease obligations   Income taxes   Other accrued liabilities   Liabilities related to assets held for sale   Liabilities of discontinued operations   Total current liabilities 1 Reflects the January 1.084 2.229 57 16.773 13.200 41.959 — 2.846 817 147 5.786 1.864 4.854 10.097 1.316 Long-term borrowings and capital lease obligations Other liabilities Deferred income taxes1   Total liabilities 11.320 58 13.144 688 3.765 10.525 301 — 5.682 6.300 906 4.394 $  4.112 7.787 452 — 6.400 9.993 207 10.339 23.490 9.976 990 52.275 226 5.654 5.162 $  3.033 4.208 49.Corporate Financial Data Consolidated Balance Sheets (dollars in millions) December 31.418 5.736 1.515 5.926 1.575 $  3.642 12. Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.215 5.402 1.478 24.372 981 4.332 4.050 — 2.299 50.422 487 5.691 15.208 91 10.214 9.116 41.078 1.467 13.062 23.738 $  5.168 6.076 5.596 14. 2011 2012 2013 2014 2015 $  3. plant and equipment   Less: Accumulated depreciation   Net property.346 9. 4  DuPont Data Book .856 9.687 $  4.165 173 5.227 25.398 1.078 13.784 4.284 123 4.013 50.003 50.629 10.615 506 37.142 13.723 485 9.283 13.062 10. net  Inventories   Prepaid expenses   Assets held for sale   Assets of discontinued operations Total current assets Property.008 4.130 14.339 16.758 $  3.248 4.712 27.286 52.910 672 35.994 356 228 5.586 433 5.799 1. 2016 retroactive adoption of ASU 2015-17.440 14.569 762 4.699 9.596 — 2.945 4.746 $  6.333 591 40.140 398 — — 17.345 13.721 180 5.370 6.302 12. 179 (1.910 3.029 (320) 4.537) (2.000) 327 — — (4) (5.058 34 (936) 950 430 189 (337) (1.353) 274 (1) (250) (88) (1. 2015.910 5. net Cash (used for) provided by investing activities Financing activities   Dividends paid to stockholders   Net increase (decrease) in short-term (less than 90 days) borrowings   Long-term and other borrowings:   Receipts   Payments   Repurchase of common stock   Proceeds from exercise of stock options   Payments for noncontrolling interest   Cash transferred to Chemours at spin-off   Other financing activities.586 323 (916) (400) 550 (470) — 10 (2. net   Proceeds from sales of assets.959 1.712 (1.013 (1. net of amounts capitalized   Income taxes 2011 2012 2013 2014 2015 $  3. net Cash provided by (used for) financing activities Effect of exchange rate changes on cash Cash classified as held for sale (Decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Supplemental cash flow information: Cash paid during the year for   Interest.599 $  2.941 6.316 (1.284 2.376 337 832 (848) — 362 1.661) 16 (1. 25 20 15 10 5 0 Cash 12/31/10 Cash from Operations Asset Sales Net Change Acquisitions Sale of in Business Borrowings PPE & Dividends Stock Investment Repurchase in Affiliates Other Cash 12/31/15 DuPont Data Book  5 .346) (1.000) 536 (65) — (1) (1.000 $0 2011 2012 2013 2014 2015 1 Free cash flow is defined as cash provided by operating activities less purchases of property.474) (88) — 4.Consolidated Statements of Cash Flows* (dollars in millions) For the year ended December 31.074) (332) — (2.546) (1) 2.562 4.000 $1.679 (1.152 1.849 240 (154) 3.031) 8.941 104 (1. plant and equipment.780 $  4.000 $2.828) (1.323 394 1. Free Cash Flow1 2011–2015 Cash Waterfall $30 $3. net of cash acquired   Proceeds from sales of businesses.163) (672) 952 — — 95 403 6 — (677) 4. net   (Increase) decrease in operating assets:    Accounts and notes receivable    Inventories and other operating assets   Increase (decrease) in operating liabilities:    Accounts payable and other operating liabilities    Accrued interest and income taxes Cash provided by operating activities Investing activities   Purchases of property.636 $  1. net   Purchases of short-term financial instruments   Proceeds from maturities and sales of short-term financial instruments   Foreign currency exchange contract settlements   Other investing activities.263 3.586 4.841 142 (497) 452 40 40 2.945 (2. plant and equipment   Investments in affiliates   Payments for businesses.280 323 953 (313) (2. Operating activities   Net income   Adjustments to reconcile net income to cash provided by operating activities:   Depreciation    Amortization of intangible assets    Net periodic pension benefit cost    Contributions to pension plans    Gains on sales of businesses    Other operating activites.379 8.862 $  3.793) (97) (18) — 302 (650) 965 (40) (15) (1.697) (13) (95) 698 3.823) (275) — (1.238) (1.610) 6.459) — 214 (887) 3.843) (67) (6.312) (1.104 362 591 (308) (59) 253 (349) (989) 144 (843) (976) (519) (88) (318) (448) 164 493 193 5.594) (200) (1.016 341 885 *The cash flows related to Performance Chemicals have not been segregated and are included in the Consolidated Statements of Cash Flows for each year presented.121 615 34 (1.063) (239) 2.539 (1.533) 185 (1.300 455 527 501 1.020) (42) — 1. Cash flow activity for 2015 includes cash flows related to Performance Chemicals for the six months ended June 30.064) 194 3.054 489 1.687) 170 1.696) (11) (1.036 (227) (5) (6.000 (dollars in billions) (dollars in millions) $4.882) (58) (133) 4.629) (76) (152) 139 17 (1.794) (2.897) 1.283 277 656 (341) — 330 1.254 363 406 (311) (726) 366 1. 249 553 (208) 4.216 641 (235) 4.584 (533) (485) 2.381 1.534 1.798 2.122 262 27.998 $ 11.624 3.714 (532) (467) 2.883 $ 10. the clean technologies business unit became part of the Industrial Biosciences segment and the consulting solutions business unit is reported within Other.166 3.130 1.776 420 130 201 945 532 171 4.441 (397) (453) 1.728 2.871 (651) (930) 2.646 359 243 373 1.591 Segment Net Sales Agriculture Electronics & Communications Industrial Biosciences1 Nutrition & Health Performance Materials Protection Solutions1 Other1   Total segment net sales Segment Pretax Operating Earnings Agriculture Electronics & Communications Industrial Biosciences1 Nutrition & Health Performance Materials Protection Solutions1 Other1   Total segment pretax operating earnings Exchange gains (losses) Corporate expenses Interest expense Operating earnings before income taxes Non-operating pension and OPEBs Net impact of significant items2   Income from continuing operations before income taxes    and noncontrolling interests 1 DuPont Sustainable Solutions.610 $ 11.478 3.232 (128) 209 1.070 1.032 254 (677) (377) 4.684 1. 2016.175 (213) (801) (447) 2.Corporate Financial Data Segment Information (dollars in millions) 2011 2012 2013 2014 2015 $ 9.473 6. previously within the company’s Safety & Protection segment (now DuPont Protection Solutions).313 2.389 (212) (842) (464) 2.529 6.406 $ 9. Reclassification of prior year data has been made to reflect the current year classification.352 336 269 369 1. 6  DuPont Data Book . was comprised of two business units: clean technologies and consulting solutions.295 290 25.566 4.290 2.129 237 228 305 1.421 2.267 672 (233) 5.165 3.422 6. see DuPont’s quarterly earnings news releases.460 6.039 184 25.095 3.154 1.296 2.304 213 28.243 93 (573) (322) 3.305 3.480 314 232 286 1.256 5.229 237 28. 2 For complete details of significant items.445 3.074 2.715 1.140 475 (125) 4.604 3.906 (101) (773) (448) 3.059 3.631 3. Effective January 1. 381 790 49 $7.04 1.044 – – (3) – – – – – – (3) – – (4) – – (58) 391 (244) – 85 – – (10) – – – – – – (10) 210 – (16) – – – 240 (297) – 137 210 – (33) – – (58) 631 (541) – 209 35 – (12) – (40) – – – (37) (54) – 112 (25) – – – – (2) – 85 147 – (9) – – – – – – 138 130 33 – (10) – – – (775) – (622) 312 145 (46) (10) (40) – – (777) (37) (453) 1.284 720 48 $5.06 4th 0.529 6.381 1.57 (0. the impact of an exchange loss on non–operating pension of $23 is excluded from Exchange gains (losses) and included in Non–operating pension and OPEB costs above.441 784 60 $5. except per share)   2014 Segment Net Sales Agriculture Electronics & Communications Industrial Biosciences1 Nutrition & Health Performance Materials Protection Solutions1 Other1   Total segment net sales Segment Pretax Operating Earnings Agriculture Electronics & Communications Industrial Biosciences1 Nutrition & Health Performance Materials Protection Solutions1 Other1 Total segment pretax operating earnings Exchange (losses) gains2 Corporate expenses Interest expense   Operating earnings before income taxes Non–operating pension and OPEBs2   Pre–tax income before significant items3 Pretax Impact of Significant Items3 Imprelis herbicide recovery/adjustment Litigation settlement Separation transaction costs Merger related costs Ukraine devaluation Venezuela devaluation Gains on sales of businesses Restructuring charge/adjustments Asset impairments   Net impact of significant items Income (loss) before income taxes   and noncontrolling interests Earnings Per Share of Common Stock – Diluted 4 Operating earnings Non–operating pension and OPEBs Significant items Income from continuing operations   2015 1st 2nd 3rd 4th Full Yr.14 1 DuPont Sustainable Solutions.06) 1. 3. Reclassification of prior year data has been made to reflect the current year classification. 2 In the first quarter 2015. the clean technologies business unit became part of the Industrial Biosciences segment and the consulting solutions business unit is reported within Other.714 (109) 1.09) (0.03) 0.613 1.42 (0.605 1.00 1.551 1.234 227 (421) 2.937 517 350 813 1.352 336 269 369 1.192 (32) 1. 2.104 1.338 806 48 $7.520 801 49 $8.00 4th 0.36   2015 3rd 0. 4 Earnings per share for the year does not equal to sum of quarterly earnings per share due to changes in average shares outstanding calculations.591 1st 1.216 641 (235) 2.516 (56) (174) (94) 1.06) (0.232 (128) 4.256 5.98 (0.391 577 395 861 1.13 (0.10 0.121 $ 1.26 (0.849 $ 11.130 $1.439 70 71 88 282 148 (56) $835 84 71 103 293 181 (51) ($56) 90 58 99 366 174 (45) $134 92 69 79 326 169 (81) $2.Segment Information (dollars in millions.12 3.624 3. 2016.567 885 53 $8.732 571 418 843 1.01) 0.39 1st 1.531 834 51 $5.810 142 (154) (84) 1.610 613 404 926 1.032 254 (677) (377) 4.267 672 (233) $1.058 $ 1.645 (32) 1.63 Full Yr.305 3.646 359 243 373 1.441 (397) 3.406 $ 3. $ 4.03) 0. was comprised of two business units: clean technologies and consulting solutions.299 $ 9.243 93 (573) (322) 3. see DuPont’s quarterly earnings news releases.563 620 407 899 1.160 686 250 (167) (93) 676 (32) 644 788 152 (134) (87) 719 (32) 687 5.36 (0.39 2nd 0.447 11 (148) (74) 1.09 0.27 (0.26) Full Yr.798 2.304 213 $28.07) 0.03) 0.594 $ 3.478 3.042 (92) (202) (103) 1.09 (0. Effective January 1.138 79 54 86 317 167 (31) $772 89 50 100 301 181 (46) ($210) 104 61 102 317 146 (87) ($54) 87 78 85 281 147 (71) $1.09   2014 3rd 0.873 $ 1.236 (87) 1.39) 2.059 3.47) (0.610 1.039 184 $25.218 528 357 826 1.070 1.093 532 374 810 1.296 2.05 1. 1st 2nd 3rd 4th Full Yr.02) (0.313 1. 3 For complete details of significant items.149 433 (36) (111) (82) 204 (115) 89 553 (24) (160) (82) 287 (86) 201 4.905 $ 1.302 723 39 $4.29) (0.09) 0.39 (0.09) 0. previously within the company’s Safety & Protection segment (now DuPont Protection Solutions).837 $ 3.550 493 397 807 1. DuPont Data Book  7 .77 (0.245 634 824 4.11 2nd 1. PM h. . . . DPS. . . . . the clean technologies business unit became part of the Industrial Biosciences segment and the consulting solutions business unit is reported within Other. . . . . . . . . . . . . .196 33% Agriculture Food and Nutrition Motor Vehicle and Transportation Electrical and Electronics Net Sales Outside the United States as a Percentage of Sales 2013 9 Developed Asia 2015 Sales by Major Industry Developing Market Sales (dollars in millions) Total Net Sales Developing Markets   Total Net Sales   % of Total 9 Developing EMEA1* 2014 2015 Commercial and Residential Construction/Materials Agriculture 54% 54% 50% Electronics & Communications 83% 82% 80% Chemical/ Petrochemical Industrial Biosciences1 61% 61% 60% Nutrition & Health 68% 68% 66% Plastics and Other Packaging Performance Materials 70% 70% 69% Protection Solutions1 58% 59% 57%  Total2 63% 63% 60% Other Industrial Other* 0 1 DuPont Sustainable Solutions. N&H c. E&C d.Selected Additional Data Net Sales by Region Geographic Information (dollars in millions) $12. . . PM 40 . . . . . . . . .S. . and Africa 8 9 8 12 13 14 13 Developing Asia* 12 11 Latin America* (percentage of total company) 2013 2014 2015 $28. and other consumer goods 2015 Sourcing and Logistics Spend – Cash Basis – approximately $9. . Nutrition & Health . . . . . . . . . . . . . . . . Natural Gas . . . . . . DPS f. PM m. 2 Total includes net sales reported in Other. . Effective January 1. . . . . . . aerospace. . Agricultural . .4 B* *Management estimate Top 15 Purchased Energy and Raw Materials a Top Purchased Energy and Raw Materials 51% b Other Purchased Energy and Raw Materials 37% c d e Packaging and Logistics 12% m o n 8  DuPont Data Book j l k i h g f Primary Uses 2015 a. . . . . . . . . . . . . . . . . Pioneer. . . .813 34% $9. . . . . . PM e. . . . . . .” see the Company’s Investor Center web site. . N&H. . . . . . . . . . . . . . Metals . . . . . . . . Crop b. Ethane . . DPS i. . PTA/DMT/PX . . . . . . . .000 2013 2014 2015 $8. . . PM. 5 10 15 20 25 30 35 Percentage of total company * Includes military and law enforcement. . . . HDPE-Tyvek® . PM k. . . Electricity . Methanol . . . . . . . PM o. .406 $25. . . . Adipic acid . . LDPE/LLDPE . Fiberglass .000 $0 % of total 41 40 43 17 U. . previously within the company’s Safety & Protection segment (now DuPont Protection Solutions). E&C g. . . . . . DPS. PM j. and Canada 17 16 8 Developed EMEA1 * For a list of countries comprising “Developing Markets.000 $4. IB. Middle East. apparel. . . . 1 Europe. . . . . Methacrylates/Acrylates .000 $6.130 $9. DPS l. . . . . . . . PM n. . . . . HMD . . . .998 $28. . . .000 $2. . . . . . . . . PM. was comprised of two business units: clean technologies and consulting solutions. . . . . . . . . PTMG . . . . . . . . . . . . 2016. . .000 (dollars in millions) $10. . . .698 34% $8. . . . 09 Add: Significant items   charge (benefit) 0.77 Full Year (a) Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average shares outstanding calculations.360 5.11 $1.206 $1.168 $1.13 0.238 1.09 0.36 $0.04) (0.37 1.42 3.10) 0.02 0.70 (0.29 Operating EPS (Non-GAAP) 2.871 3.26 1.25 0.47 0.03 0.338 Adjusted EBITDA (Non-GAAP) 4. Reconciliation of Quarterly Operating Earnings After Tax 2011 2012 2013 2014 2015 Full Year Full Year 1Q 2Q 3Q 4Q Full Year 1Q 2Q 3Q 4Q Full Year 1Q 2Q Income (loss) from continuing   operations after income taxes  (GAAP) $1.566 $  4.680 5.210 $845 $131 $20 $2.Selected Additional Data (dollars in millions.09 0.153 994 117 239 2.00 (0.323 907 361 519 3.965 5.03 0. except per share) Reconciliation of Non-GAAP Measures Reconciliation of Adjusted EBIT/EBITDA Income from continuing operations before income taxes (GAAP) 2011 2012 2013 2014 2015 $  1.313 $ 2.441 39 24 13 10 6 Less: Net income attributable to noncontrolling interests Add: Interest expense 447 464 448 377 322 Adjusted EBIT (Non-GAAP) 3.145 $1.210 2.03 0.232 3.895 39 24 6 4 3 — 13 6 3 1 — 10 4 5 — (3) 6 Add: Significant items –   after-tax charge/(benefit) 238 657 (20) 78 27 292 377 2 (44) 9 (79) (112) 57 (32) (88) 411 348 Add: Non-operating pension   and OPEB – after-tax 355 437 98 84 94 80 356 22 22 22 21 87 79 57 74 56 266 Operating earnings – After   income taxes (Non-GAAP) 2.09 0.095 Reconciliation of Quarterly Operating EPS (a) 2011 2012 2013 2014 2015 Full Year Full Year 1Q 2Q 3Q 4Q Full Year 1Q 2Q 3Q 4Q Full Year 1Q 2Q EPS from continuing   operations (GAAP) 3Q 4Q $1.11 0.186 1.110 1.10 0.36 1.305 $932 $331 $577 $3.021 $974 Less: Net income (loss)   attributable to noncontrolling   interests attibutable to DuPont 3Q 4Q Full Year $131 $(231) $1.01 (0.90 $0.34 2.12) 0.39 0.019 4.31 0.09) (0.341 1.40 0.003 249 392 2.366 1.46 0.71 $1.02 $2.06 (0.369 1.05) 0.03 0.98 0.09 0.26 0.715 $  1.00 $0.07 0.39 $1.656 $1.308 4.39 $1.599 3.39 Add: Non-operating Pension   and OPEB Costs 0.38 0.28 $0.13 $0.34 $1.06 0.08 0.926 1.27 2.20 $1.290 $  2.282 1.36 1.38 0.63 $3.08 0.591 467 930 485 (209) 453 Add: Significant items – pretax charge/(benefit) Add: Non-operating pension and OPEB – pretax Operating earnings before income taxes (Non-GAAP) 532 651 533 128 397 2.57 3.714 2.42 0.584 4.26) 2.02) 0.09 0.10 0.122 3.06 0.503 DuPont Data Book  9 .311 4.757 Add: Depreciation and amortization 1.12 1.14 (0. We connect world-class science. and protecting people and the environment. combined with strong collaborations and partnerships with external customers. processes and training that improve research. Each business in the company funds R&D activities that support its business mission. and new proprietary cultures for food and yogurt applications including DuPont™ Danisco® HOLDBAC® protective cultures. help grow our portfolio and improve competitiveness. We merged our existing corporately-funded Central Research & Development (CR&D) and Engineering groups under common leadership to form the new Science & Engineering organization. . and is among the top R&D investors in Advanced Materials and Chemicals according to R&D Magazine.9 billion in R&D. governments. while providing science-based solutions to address global challenges. DuPont’s rich mix of technical competencies fuels scientific understanding and leads to new product inventions and solutions. In addition. universities. and scientific innovation has remained at the core of our business and innovation delivery system. we made changes to build on this foundation and strengthen DuPont scientific innovation. the existing business portfolios. This strategy has positioned DuPont as a leader in key strategic focus areas. These challenges include feeding the world. enable effective and rapid production scale-up. The unification of these groups provides more seamless and flexible science and engineering support to leverage across all of our businesses. including thousands of active technology agreements and collaborations. In December 2015. Examples include new applications particularly in the areas of consumer electronics with second generation wearable electronics. DuPont continued to be recognized for sustainable R&D. which was about 8 percent of sales. Investment in R&D In 2015. enable us to tap into the global innovation network of customers. and new products including in-mold electronic inks for appliances and automotive applications. new DuPont™ Nomex® insulation paper for the automotive industry. excluding Performance Chemicals.898 8% assess leading-edge technologies.877 31% $1. We manage each project through a disciplined stage-gate process and critically evaluate them from both a technical and market-back perspective. expert knowledge and leadership.S. They draw on our rich mix of deep scientific and engineering disciplines. DuPont has evolved many times over the years. Our global network of R&D centers and Innovation Centers. For the fifth consecutive year. and other strategic partners to develop innovative new solutions for regional and global issues. healthier and safer lives for people everywhere.S. DuPont was honored with the CRDF Global Corporate Impact Award for its commitment to science collaboration and sciencebased innovation. time and reward to focus our innovation portfolio to win in the fast changing marketplace. time. and extensive collaboration to address significant market opportunities to advance new technologies. delivers new product lines. this total system of DuPont innovation continuously renews our portfolio. It will draw from a wide basis of internal and external experts to quickly 2015 Innovation Metrics (dollars in millions) Metric Total U. which combined with our regional research and business locations. Work processes are optimized for each domain to deliver critical value elements for our overall R&D portfolio and contribute towards speed and efficiency of execution. and leverageable by. and is optimized to meet the competitive environments of the businesses served in the near-. each R&D investment domain is strategically aligned to address critical needs of the marketplace. External Recognition We are proud of the external awards that recognize our success and the contributions of our employees to the advancement of science. Return on R&D investment permeates all aspects of the planning and execution of innovation programs. patents granted New products commercialized Sales from new products* % Sales from new products* Total R&D expense R&D as % of sales * Sales from new products launched within past four years 10  DuPont Data Book Full Year 2015 1. enables our vision. new Pioneer® brand corn hybrids and soybean varieties. and was named a Top 100 Best Corporate Citizen by Corporate Responsibility Magazine in 2015. and create valuable new outcomes for our customers. We make strategic choices based on the balance of risk. patent applications U. new enzymes including DuPont™ POWERBake® enzyme solutions. new DuPont™ Zorvec® fungicide. designed to stream-line embedded electronics in textiles. new DuPont™ Travallas™ liquid herbicide for premium broadleaf control in cereals. All of our scientific innovation is business-driven. Together. decreasing our dependence on fossil fuels. creating a stronger. Our unparalleled engineering capabilities provide new tools.023 764 1. We also redesigned Central Research & Development to create the new. corporately funded R&D supports cross-business and crossfunctional science-intensive new growth opportunities additive to. governments and others. in addition to the many accolades DuPont scientists and engineers received during the year.643 $7. Inclusive Innovation in Action We strengthen our internal science and market capabilities through collaborations and partnerships. Additionally.and long-term. more innovative company. and make appropriate adjustments to achieve or exceed our commercialization targets.Science-Based Innovation Doug Muzyka Senior Vice President and Chief Science & Technology Officer DuPont scientists and engineers bring innovative products. nurture new transformational science-based ventures and progress innovations to businesses for commercial development. and received the 2015 Breakthrough Bio-Based Technology Platform award at the 10th annual World Bio Markets Conference. The first critical step in maximizing the return on R&D is to prioritize and balance our portfolio. We have a global network of twelve Innovation Centers. These changes will strengthen our businesses. universities. DuPont invested $1. DuPont recorded about $8 billion in sales from new applications and products launched between 2012 and 2015. more dynamic Science & Innovation based on the balance of risk. and affordablity in the fast-changing environment. Sales from New Products In 2015. At DuPont. which will continue to rank as one of the world’s largest industrial investors in science and technology. new DuPont™ Tedlar® wallcovering for new markets. materials and services to the global marketplace to enable better. DuPont was named to the Thomson Reuters’ Top 100 Global Innovators list. technology and engineering to a deep understanding of commercial value chains and market knowledge to deliver value-added solutions for customers. and transforms markets to deliver results for our shareholders. About 90 percent of our R&D investment is at the business level. mid. NGOs. DuPont science and engineering are critical enablers for growth in all of our business segments. and make our assets more productive. reward. in Paulinia. Denmark. developed over 500 new projects targeting critical customer needs. China. public sector officials. Johnston. Brazil. Palo Alto. INDIA • SHANGHAI. These centers of technical excellence conduct R&D across multiple fields and facilitate collaboration with the diverse global talent of our partners in business. DuPont Innovation Centers in the Americas. M I C H I G A N .S. DuPont TechCon. CHINA DuPont Data Book  11 . and local communities. Shanghai. helping us to understand localized needs and rapidly collaborate to develop innovative solutions to meet our customers’ needs. we connected select customers and more than 500 scientists from around the world with one another to broaden and deepen our science and technology relationships and feed our innovation pipeline through our annual technology conference. and outside the U. J A PA N • PAU L Í N I A . California. TA I W A N • JOHNSTON. • I S TA N B U L . Delaware. Meyrin. Switzerland. and delivered significant revenue for our shareholders. T U R K E Y • N A G O Y A .S. our global network of Innovation Centers hosted more than 2. academia. U . and other strategic partners to collaborate with us to solve critical challenges in the areas of food. energy and protection. U. SWITZERLAND • H SI N CH U . The result is a powerful connection between DuPont experts and our customers. Iowa. S . Europe and Asia expand our network to link our scientists and engineers with customers. academicians. M E X I CO • MEYRIN. R U S S I A • SEOUL. start-up companies. SOUTH KOREA • T R O Y. India. In 2015. IOWA. including major R&D centers located in the U. Hyderabad. B R A Z I L • DELHI. 12 GLOBAL INNOVATION CENTERS • M E X I CO C I T Y. In addition.GLOBAL REACH AND INNOVATION Another critical element of our growth strategy is to advance our penetration in rapidly growing developing markets.000 engagements with our partners. in Wilmington. • M O S C O W. government. We have a global network of R&D centers with comprehensive laboratory facilities.S. and Brabrand. 040 453 31 6. Inc. and Canada **Includes Europe. $1.751 234 334 2015 Sales Data By Major Product Group Corn seeds 46% Other seeds 8% Insecticides 14% Herbicides 10% Fungicides 7% By Major Industry Seeds 69% By Region North America* 55% Asia Pacific 9% Chemicals 31% Europe** 21% Latin America 15% Soybean seeds 15% *Includes U.798 1. – a leading microbiome discovery company.000 (dollars in millions) Timothy P. chemistry. acquired to build upon capabilities to discover and to commercialize biological solutions for agriculture customers globally (2015) Alfalfa business assets – sold to S&W Seed Company (2014) Copper fungicides business assets – sold to Mitsui & Co.500 $1. Schickler President DuPont Pioneer Key Capabilities Plant genetics Biotechnology Biology Chemistry Agronomy Advanced crop modeling and analytics Informatics Key Products & Services Seeds Traits Fungicides Herbicides Insecticides Seed treatments EncircaSM Services Core Markets Production agriculture Growth Strategies Operating Earnings $2.919 272 485 Net sales Operating earnings Operating earnings margin Research and development Depreciation and amortization Equity in earnings of affiliates Segment net assets Affiliate net assets Purchases of property.000 $500 $0 Overview (dollars in millions) 2013 2013 11.352 20. DuPont™ brand insect and disease control portfolio products. biotechnology and analytics along with our knowledge of the food value chain. low-use-rate weed control products and an expanding portfolio of seed treatment solutions. We are improving grower productivity to address the increasing needs of a growing population and expanding middle class.696 240 407 2015 2015 9. agronomy. We leverage our strengths in breeding.480 21.S.646 16. Through advantaged routes-to-market and leading market positions around the world. (2014) Esfenvalerate insecticide business assets – sold to Sumitomo Chemicals (2014) Land Management herbicides business assets – sold to Bayer (2014) Bromacil herbicide business assets – sold to AMVAC (2015) Hexazinone herbicide business assets – sold to Tessenderlo Kerley Inc (2015) 12  DuPont Data Book .8% 1. we are extending our global reach. Middle East and Africa Acquisitions and Joint Ventures (2013–2015) Divestitures and Shutdowns (2013–2015) Pannar Seed (Proprietary) Limited – completed acquisition as part of global seed strategy in growing the southern hemisphere business (2013) MapShots.1% 1. biology. Glenn President DuPont Crop Protection DuPont Agriculture is a leading supplier of innovative products and services that help the world increase the quantity and sustainability of our food supply.Agriculture Paul E. LLC – completed acquisition of software development company as part of services strategy (2015) Taxon Biosciences. Our businesses provide a leading portfolio of products and services including Pioneer® brand seeds such as corn. plant and equipment 2014 2014 11.728 2.296 2.132 358 37 5. oilseeds and rice. high-value.104 436 31 6.500 • Advancing research pipeline and commercializing new products and services • Expanding global leadership position with rapid growth in developing markets • Capturing value through advantaged routes-to-market • Continuing gains from productivity improvement $2.8% 1. U. Aylora®. semi-dwarf canola hybrids Europe canola BioGene brand seed corn Pioneer genetics sold under the Pioneer-owned BioGene second brand Brazil EncircaSM Services Suite of whole-farm decision services to help improve productivity and profitability of grower operations.S. EncircaSM Yield Nitrogen Management Service. soybean Pioneer® brand sunflowers with DuPont™ ExpressSun® trait Sunflowers with improved herbicide tolerance toward DuPont™ Express® herbicide NA and Europe sunflower Pioneer Protector® resistance trait for canola and sunflower Canola hybrids featuring resistance to clubroot or sclerotinia disease. residual and curative properties Global fruit.pioneer. Verimark®. corn market Arigo® Herbicide A superior dry formulation SU blend with another mode of action that provides excellent post-emergence grass and broadleaf weed control EMEA corn market Ligate® Herbicide A superior dry formulation SU blend for use in burndown and fallow for grass and broadleaf weed control Latin America soybean market Trivence™ Herbicide A superior pre-emergence dry formulation SU blend containing three modes of action that supports herbicide resistance management while delivering excellent burndown and residual weed control. Treoris®. soybean market Cyazypyr® family of insect control products— Benevia®.html Alfalfa seed Corn seed Hybrid rice seed Mustard seed Soybean seed Wheat seed EncircaSM Services Canola seed Forage inoculant Millet seed Sorghum seed Sunflower seed Seed treatments Production agriculture Feed industry Food industry Energy industry DuPont Pioneer www. Vertisan®. Canada and Germany canola Europe sunflower Pioneer MAXIMUS® rapeseed hybrids High yielding. Refinzar™ Broad-spectrum fungicides offering a newer mode of action with strong preventive. Frelizon®. corn and rice markets Canada canola market Latin America soybean. EncircaSM Yield Stand. long-lasting plant protection.S.dupont.S. as well as improved quality and yield. Intellis®. Preza™ Advanced insect control with an excellent environmental profile that provides rapid. Exirel®.Examples of Sales from New Products (4 years) DuPont Products/Services Innovation Markets Served Lumigen™ Seed Sense family of seed treatment products—Lumiderm™ and Lumivia™ Seed treatment products providing insect control and yield U. corn and cotton markets China corn market Instigate® Herbicide A superior dry formulation SU blend for burndown plus residual weed control of hard-to-control broadleaf and grass weeds with excellent crop safety U.com/products-and-services/crop-protection. as well as tolerance to both glyphosate and glufosinate herbicides U. EncircaSM View Premium.S. and Brazil corn Pioneer Premium Seed Treatment Value-added seed treatment offerings for corn and soybeans NA corn and soybean China corn Pioneer® brand T Series soybeans High yielding soybean varieties developed using the Pioneer proprietary Accelerated Yield Technology (AYT™ system) NA and Brazil soybean Pioneer® brand soybeans with the PLENISH® high oleic trait High oleic soybean varieties developed using the Pioneer proprietary Accelerated Yield Technology (AYT™ system) U.com DuPont Data Book  13 . including EncircaSM View. Global fruit. and Canada ® ® DuPont Principal Products Major Markets Major Raw Materials Significant Competitors Cereal herbicides Corn herbicides Rice herbicides Soybean herbicides Insecticides Fungicides Production agriculture Seed treatment Anilines Isocyanates Oximes Picolines Sulfonamides Toluic acid ADAMA BASF Bayer Crop Science FMC Dow AgroSciences Monsanto Syngenta Genes Germplasm Bayer Crop Science Dow AgroSciences Monsanto Syngenta Crop Protection www.S. vegetable. Orlian™. in-the-bag insect management NA corn Optimum AQUAmax hybrids Improved water access and utilization and deliver greater corn yields in water-limited conditions NA and Europe corn ® ® Optimum® Intrasect® insect protection products Reduced refuge products with multi-mode above ground insect protection NA and Brazil corn Leptra® hybrids Offers multiple modes of action against above-ground insect pests. improvement in early crop establishment and plant vigor. cereals and rotational crop markets Zorvec® fungicide Unique combination of consistency and control of key diseases in vegetable crops and grapes to improve quality and yield Vegetable crops and grapes in Asia and Latin America Pioneer® brand corn hybrids Elite products developed using cutting-edge breeding techniques and industryleading germplasm Global corn market Optimum® AcreMax® Family of products Integrated and reduced refuge products for simplified. Sunflower hybrids featuring resistance to broomrape or downey mildew disease. EncircaSM Yield Fertility U. vegetable and select row crop markets Penthiopyrad family of disease control products— Fontelis®.S. consumer electronics. the segment continues to extend its DuPont™ Cyrel® flexographic printing offering. which enables greater quality. Kemp President DuPont Electronics & Communications Electronics & Communications is a leading supplier of enabling materials and technologies for solar energy (photovoltaics). flat panel displays and advanced printing • Invest in capacity for growing markets • Maximize deep application development capability • Drive productivity to fund growth Operating Earnings $400 (dollars in millions) Jon D. In consumer electronics. This segment offers unique organic light emitting diode (OLED) process technology and a growing suite of high-performance. the segment offers innovative materials for lower total cost of ownership. such as high-speed data transfer and thinner size. Middle East and Africa 14  DuPont Data Book 2015 Overview (dollars in millions) 2015 Sales Data Electronic materials 40% 2014 . As a leading specialty materials supplier to the photovoltaic (PV) industry.534 2014 2. For semiconductor fabrication and printed circuit board manufacture. $300 $200 $100 $0 2013 2013 2.Electronics & Communications Key Capabilities Polymer chemistry Photopolymers Fluorochemistry Films and lamination process Precision patterning Particle and dispersion science Application development Inorganic electronic materials Key Products & Services Photovoltaic materials Circuit packaging materials Semiconductor fabrication materials Materials for displays Flexographic printing systems Advanced printing materials Authentication assurance holographics Core Markets Aerospace Automotive Consumer electronics Displays Flexographic printing Inkjet printing Military Photovoltaics Semiconductor fabrication Growth Strategies • Commercialize differentiated products for photovoltaics. and.S. DuPont material technologies enable the latest trends in devices. plant and equipment By Major Product Group By Major Industry Printing and packaging materials 27% Advanced printing 27% Photovoltaics products 22% Consumer electronics 31% By Region North America* 21% Asia Pacific 56% Photovoltaics 22% Europe** 19% Other 20% Latin America 4% High-performance films 11% *Includes U. productivity and sustainability for package printing.359 1.3% Research and development 152 138 126 Depreciation and amortization 105 97 100 Net sales Operating earnings Equity in earnings of affiliates Segment net assets 20 20 24 1.381 2015 2.1% 17.070 314 336 359 Operating earnings margin 12. consumer electronics. In advanced printing.323 141 137 139 73 52 45 Affiliate net assets Purchases of property. DuPont offers the broadest portfolio of materials designed to help increase the power output and reliable lifetime of solar panels and to ultimately lower total system costs for PV power. advanced printing and other industrial electronic applications worldwide. flat panel displays. DuPont is expanding its leadership position in pigmented inks for digital printing applications. solution-based materials that will enable display manufacturers to deliver superior OLED device performance with lower manufacturing costs for large-format displays. and Canada **Includes Europe.448 1.4% 14. com/Printing_and_Graphics/en_US/ www.dupont.dupont. higher product yields and lower material consumption Photovoltaics Tedlar® PV2025 polyvinyl fluoride films High-performance. yellow and black inks for commercial inkjet printers Advanced printing Izon anti-counterfeit technology Mono. magenta. office and large-format digital inkjet printers Military Photovoltaics Printed circuit board fabrication Product/brand authentication and security Semiconductor fabrication Textile printing Wire and cable Acrylic monomers Acetoxystyrene monomer Black and color pigments Styrenic block copolymers Color dyes Copper foil Difluoroethane Diglycolamine DMAC Hydroxylamine Monomers and polymer resins Oxydianiline Polyester film Polymer films Precious metals Pyromellitic dianhydride Air Products and Chemicals Arkema Asahi Kasei Cabot Corporation Cheil Industries Ferro Corporation Flint Heraeus Hitachi Kaneka MacDermid SKC Electronics & Communications  www.photovoltaics.or multi-color holographic film and labels for authentication applications Consumer brand protection Kapton® GS polyimide film High-performance film designed to expand the processing window and improve yields during thermal heat spreader production Consumer electronics Riston® LDI Ultra-fast photospeed.com DuPont Data Book  15 . high-performance dry film to help PWB fabricators optimize their Laser Direct Imaging (LDI) processes Printed Circuit Board market Pyralux® TK/TA flexible circuit materials Flexible copper-clad laminate specifically formulated for high-speed digital and high-frequency flexible circuit applications Consumer electronics and Telecom/ Network Resistor materials High-performance materials for passive electronic components Consumer electronics.com www2.Examples of Sales from New Products (4 years) DuPont Products/Services Innovation Markets Served CuSolve™ copper removers and post-CMP cleaners Robust cleaning performance with minimal copper etch for copper interconnect processes Advanced semiconductor manufacturing Cyrel® performance plate series High print-quality flexographic printing plates with efficient workflow Packaging graphics Cyrel tag and label plate New digital plate optimized for use with UV inks for tag and label applications Packaging graphics Riston® dry film photoresists Laser imaging dry film resists for rigid and flexible circuit boards Consumer electronics Inkjet inks for commercial printers Cyan.electronics. Automotive Solamet photovoltaic metallizations Silver and aluminum-based materials for superior solar cell efficiency.dupont. resins and dispersions Thick-film conductor and resistor materials YieldMaster® wet lamination system Aerospace Automotive Consumer electronics Displays Electronic components Electronic insulation Flexographic printing Home. high-reliability films for solar panel backsheets Photovoltaics Vertak® Gen II bonding adhesive Reworkable adhesive used to bond coverplates and touch sensors to LCDs LCD display panels ® ® ® Divestitures and Shutdowns (2013–2015) DuPont Apollo Ltd – shutdown (2014) DuPont Principal Products Major Markets Major Raw Materials Significant Competitors Artistri® digital inks CooLam® thermal substrates for LED packaging CuSolve™ post-etch residue removers Cyrel® flexographic printing systems DuPont inkjet inks for commercial printers Izon® security holograms Kapton® polyimide film PlasmaSolv® post-etch residue removers Polymers for semiconductor photoresists Pyralux® flexible circuit materials Riston® dry film photoresists Solamet® photovoltaic metallizations Tedlar® polyvinyl fluoride films. Inc. Apparel and Textiles 15% Latin America 6% Acid Recovery and Refining Technologies 21% Acquisitions and Joint Ventures (2013–2015) Industrial Technology business from Dyadic International. Clean Technologies is dedicated to clean air.4% Research and development 107 103 102 98 102 101 Depreciation and amortization Equity in earnings of affiliates 2 8 7 3. 2016. and   environmentally sustainable Core Markets Animal nutrition Detergents Biofuels production Grain processing Food and beverage Carpet and apparel fiber Oil and Gas/Energy Growth Strategies Operating Earnings $300 • Expand core enzyme offerings and processing technology • Drive innovation and accelerate growth in developing markets • Execute on capacity expansions to support growth plans • Rapidly commercialize transformative technologies like cellulosic ethanol and biobased polymers • Continue to drive productivity improvements through operational excellence $250 (dollars in millions) William Feehery President DuPont Industrial Biosciences DuPont Industrial Biosciences is a leader in creating world-changing solutions for a bio-based society. (2015) 16  DuPont Data Book 2014 1. and clean water with offerings that help reduce sulfur and other emissions. bio-based materials.154 Affiliate net assets 48 45 41 Purchases of property. The segment utilizes biotechnology on an industrial scale to deliver market-driven innovations that improve performance. safety and efficiency of swine and poultry production. which saves energy.S.2% 16. while baking enzymes improve the texture and extend the freshness of baked goods. clean fuel. Our industry-leading enzymes deliver enhanced value in a wide range of industries. became part of Industrial Biosciences.Industrial Biosciences Key Capabilities Biotechnology Bioprocessing Microbial engineering and production  platforms Enzyme design and industrial scale  fermentation Polymer science Animal nutrition science Key Products & Services Enzymes Bio-PDO™ propanediol Sorona® PTT polymer FermaSure® fermentation additive Betaine Direct-fed microbials Technologies that help organizations   become safer. Middle East and Africa . Detergent enzymes permit cold-water washing. fabrics. previously reported in the company’s Safety & Protection segment (now DuPont Protection Solutions). We apply them in carbohydrate processing and the production of biofuels from corn and biomass to improve yields and process performance. Renewably-sourced biomaterials provide enhanced performance and sustainability for carpeting.478 232 269 243 14. the Clean Technologies business.631 Net sales Operating earnings 2015 1. Effective January 1. or dispose of liquid waste.241 3. plant and equipment 84 94 84 Segment net assets By Region Food and Animal Nutrition 28% North America* 42% Grain Processing and Biofuels Production 20% Asia Pacific 24% Biomaterials 13% Household and Personal Care 16% Europe** 28% Process technologies 21% Carpet. DuPont is the leading provider of enzymes for animal feed that improve the sustainability. Reclassification of prior year data has been made to reflect the current year classification. cosmetics and industrial fluids. improve productivity and reduce environmental footprints for our customers and end users.6% 16. $200 $150 $100 $50 $0 2013 • Defend and protect intellectual property 2013 1. formulate cleaner fuels.325 3.624 Operating earnings margin By Major Industry Enzymes and related products 66% 2015 Overview (dollars in millions) 2015 Sales Data By Major Product Group 2014 *Includes U. more efficient. and biorefining offerings. Revenue and earnings growth is driven by bioactive solutions. and Canada **Includes Europe. and salad dressing stains in laundry applications Marvellenz™. high fiber poultry diets Animal nutrition Axtra® XB The first xylanase betaglucanase enzyme product combining multispecies registration in EU with flexible dosage rates and high heat stability. Preferenz™ S. Smartenz™ Multi-functional blends for ADW and laundry applications Detergents Preferenz™ P. POWERFresh®.DuPont. releasing more nutrients such as phosphorus and amino acids Animal nutrition Avizyme Enzyme blend for poultry diets Animal nutrition Laminex® Optimum mash separation and beer filtration Brewing Accellerase® Enzymes for the solubilization and saccharification of cellulosic biomass Biofuels production Spezyme® CL Cost-effective starch liquefaction under conventional conditions Grain processing Distillase Debranching enzyme product for complete saccharification in fuel alcohol processing Grain processing Solvamyl® Starch solubility enhancement enzyme Grain processing POWERFlex®. Preferenz™ F Premium enzyme performance for laundry stain removal Detergents Excellenz S New amylase product for enhance cleaning of starch-containing stain in dish washing Detergents PrimaGreen® Oxy Catalase for peroxide removal and clean up Textile processing PrimaGreen® All. and viscosity in brewing Food and beverage Diazyme Enzyme product for efficient production of fementable sugars and alcohol essential to highly attenuated beer Food and beverage Alphalase Enzyme product for consistent mashing in brewing processes Food and beverage Multifect PR Food-grade protease for food processing applications Food processing Excellase™.com DuPont Data Book  17 . liquefaction.Biosciences. improves digestibility and reduces variability and nutrient excretion in pigs and poultry fed mixed grain diets Animal nutrition Axtra® Phy Rapidly degrades phytate. Ultimase® Premium protease and amylase products designed for automatic dishwashing (ADW) Detergents Effectenz P Low-cost protease solutions for laundry applications Detergents Detergents Effectenz M New enzyme product for enhanced removal of ice-cream. pudding. PowerSoft Revolutionary anti-staling G4 and G+ amylase to extend freshness of baked products Food and beverage Amylex Enzyme product for improved extraction. Optizise All New enzyme products for enhanced Textiles desizing Textile processing Soak L Plus Liquid Protease product for Textile applications Textile processing Genencare OSMS New betaine product formulation for personal care applications Personal care POWERmill Improve flour milling processing efficiency Food Fuel alcohol Optimash Trehalase Reduces residual disaccharide sugars (trehalose) in fuel alcohol production Fermenzyme® Increases yield of biochemical fermentations Biochemical industry Thermodex® Saccharification enzyme with higher thermotolerance Carbohydrate processing Optimax Pro Enzyme blend for fast saccharification in carbohydrate processing Carbohydrate processing Spezyme® Powerliq Carbohydrate processing alpha amylase Carbohydrate processing Sorona® full dull PTT polymer Achieves “dull” aesthetic desired in key apparel segments including outerwear and swimwear Apparel fiber Sorona® flame retardant Masterbatch Enables carpet manufacturers to meet flammability rating standards for commercial carpet Carpet fiber IsoTherming™ Hydroprocessing Technology Improved technology that enables global oil refiners to economically produce cleaner transportation fuels Oil refining Marine Scrubbing Allows cargo and passenger ships to operate with significantly reduced emission profiles Marine transportation DuPont Principal Products Major Markets Major Raw Materials Significant Competitors Enzymes Betaine Direct-fed microbials FermaSure® fermentation additive Bio-PDO™ propanediol Sorona® PTT polymer Animal nutrition Biofuels production Grain processing Detergents Food and beverage Carpet and apparel fibers Textile processing Personal care Dextrose Glucose Terephthalic acid Novozymes DSM BASF Christian Hansen AB Enzymes Industrial Biosciences www. POWERBake®.com DuPont™ MECS® Sulfuric Acid and   Environmental Technologies DuPont™ BELCO® Clean Air Technologies DuPont™ IsoTherming® Hydroprocessing  Technology DuPont™ STRATCO® Alkylation Technology Oil and Gas/Energy Phosphate fertilizer Haldor Topsoe UOP (Honeywell) Outotec CDTECH (CB&I) Clean Technologies www.Examples of Sales from New Products (4 years) DuPont Products/Services Innovation Markets Served Axtra® XAP Multi-enzyme combination to optimize nutrient availability and reduce feed costs in complex.mecsglobal. improved health and food protection Key Products & Services Probiotics Soy protein Fibers Cultures Antioxidants Antimicrobials Emulsifiers Texturants Enzymes and sweeteners Diagnostics Core Markets Food and beverage Dietary supplements Child nutrition Sports nutrition • Advance on our industry-leading food and nutrition science • Expand position in developing economies with rapid population growth and local food formulations Operating Earnings $400 (dollars in millions) Matthias Heinzel President DuPont Nutrition & Health DuPont Nutrition & Health is a world leader in the food ingredients industry. while helping to reduce food waste and carbon emissions. fibers. emulsifiers. antioxidants. texturants. soy protein. convenience. $300 $200 $100 $0 2013 Net sales Operating earnings Operating earnings margin Research and development Depreciation and amortization Equity in earnings of affiliates Segment net assets Affiliate net assets Purchases of property. such as probiotics or soy protein made with patent-pending technology delivering critical value for beverage applications in sports performance. antimicrobials. Our solutions allow food formulations to be healthier. affordable and more nutritious food for consumers. plant and equipment By Major Industry Bakery 9% Nutrition 60% 2013 2014 2015 3.529 369 10. They also allow greater cost efficiency by helping to speed up production processes.942 7 112 3.473 286 8.256 373 11. we also help preserve and protect the integrity of the world’s food supply. weight management and clinical nutrition. affordability. Our ingredients include probiotics.2% 113 271 — 6. and ensure the food we eat is safer. which help to identify the presence of food-borne pathogens. We use renewable raw materials to create a wide range of ingredients that food manufacturers use to provide safer. cultures. and Canada **Includes Europe.5% 113 236 — 5. Our solutions provide protection that keeps foods fresher longer.S. healthier. reduce waste or optimize outputs.5% 122 264 — 5. through the reduction of sugar. or by including products that actively promote digestive or immune system health.457 9 120 By Region North America* 36% Beverages 12% Confectionary 7% Dairy 19% Health 40% Dietary supplements 8% Frozen desserts 5% Asia Pacific 20% Europe** 29% Latin America 15% Meat 11% Oils and fats 4% Other 25% 18  DuPont Data Book 2015 Overview (dollars in millions) 2015 Sales Data By Major Product Group 2014 *Includes U.Nutrition & Health Key Capabilities Growth Strategies Food science Health and nutrition science Microbiology and fermentation Extraction and separation technology Application know-how • Provide value creation in nutrition solutions.472 7 138 3. Coupled with our diagnostic solutions. enzymes and sweeteners. Middle East and Africa . fat and salt. Global food processing DuPont™ Danisco® XIVIA® Xylitol A naturally occurring sweetener.danisco. crunchy format. creaminess smoothness. 390 RF Specialty nugget portfolio expansion with new. confectionary and frozen desserts DuPont™ BAX® System Real-time PCR assay for Shigella A next-day DNA test for pathogenic Shigella Global food processing DuPont™ Danisco® Fructofin® Fructose Low calorie sweetener Weight management (dietetic food and special nutrition – several food segments) DuPont™ Danisco® CHOOZIT® Cheese Cultures A comprehensive range of products for controlled acidification and for emphasizing and diversifying flavor profiles Dairy/cheese SUPRO® Soy Protein Nuggets 138 Combining protein and fiber by delivering satiety.Examples of Sales from New Products (4 years) DuPont Products/Services Innovation Markets Served DuPont™ Danisco® YO-MIX® Yogurt Cultures Culture strain technology to maximize mouth feel. Protein and Fiber fortified nutrition bars. cheeses. improve bread yield and secure bread quality from low quality flour Bakery DuPont™ Danisco® CREMODAN® SE Systems Products developed to meet demand for non palm based or sustainable palm based solutions while still inducing excellent air incorporation. the formats secure dust free handling.com  www. nutritional foods DuPont Principal Products Major Markets Major Raw Materials Significant Competitors Antimicrobials Antioxidants Cultures Emulsifiers Enzymes Fibers Food safety diagnostics Isolated soy proteins Lecithin Microbial characterization system Probiotics Soy polymers Soy protein concentrates Sweeteners Texturants Beverage industry Child and sports nutrition Dairy and bakery Dietary supplement industry Processed food industry Specialty food ingredients Cellulose Gelatin Glycerol Guar Organic oils Peels Saccharides Seaweed Soybeans Sugars Yeasts Cargill Christian Hansen DSM FMC Ingredion Kerry Group Tate & Lyle Nutrition & Health  www. All nuggets provide significant nutritional value through the high inclusion of soy protein with novel texture and color attributes and related health benefits. protein drinks DuPont™ Danisco® FloraFIT® Probiotics Natural. SUPRO® Nugget 138 provides the benefits of protein and fiber in a crispy. cheese industry DuPont™ BAX® System – Salmonella Rapid test for salmonella Global food processing DuPont™ Danisco® GRINDSTED® MCC Texturant Improved stabilization of chocolate dairy and non dairy protein drinks and larger process flexibility Dairy. customized for specific applications for a key customer. protein drinks DuPont™ Danisco® HOLDBAC® Protective Cultures Growth control of yeast and mold for efficient spoilage and pathogen protection Fresh fermented food and cheese DuPont™ Danisco® GRINDSTED® BWA Systems Developed for bread premixes. Frozen dessert DuPont™ Danisco® RECODAN® Systems New solutions developed to induce particle suspension/stabilization of Asian type milk drinks and beverages Dairy and Beverages. beverages. nutritional foods. industrial bread and frozen dough to provide high water absorption. This product formulation will be used as a value-added component of an oral care chewing gum. market focused solutions. Further. flavor. Nutritional bar markets.com DuPont Data Book  19 . weight management and sports nutrition DuPont™ Danisco® GRINDSTED® Pectin PRIME 521 Texturant Product meets customers demand for a pectin that can gel healthier low sugar jams and fruit spreads including organic versions without the addition of extra calcium. xylitol. Cereals. and fresh fermented dairy products DuPont™ Danisco® BioVia® Antimicrobial A potent natural alternative to synthetic preservatives. New solutions to increase freshness and enhance stability of cured.dupont. dairy. beneficial probiotic for healthy lifestyle Dietary supplements. Snacks and Snack Mixes SUPRO® Soy Protein Nuggets 311N. and sensory attributes Global dairy industries. which is widely seen as a key to effective weight management. uncured and raw meat with potential for use in ready-to-eat meals and side dishes. and products formulated with SUPRO® Nugget 138 offer excellent taste and texture.food. Global food industries – chewing gum and confectionary DuPont™ Danisco® HOWARU® Probiotics Specifically selected strains believed to enhance gut health and immune response especially in children and elderly Dietary supplements. Further the product is based on a new technology platform with lower environmental footprint. melting properties and prevention of shrinkage and ice crystal growth. designed to protect teeth and provide unique dental benefits. Fruit processing industry DuPont™ POWERBake® enzyme solution Bakery enzymes for improved flour and bread performance Bakery DuPont™ Danisco® GRINDSTED® Emulsifiers Crystallization inhibitor for cooking oils stored at low temperatures Oils and fats industry DuPont™ Danisco® GRINDSTED® Carrageenans Texturant Texture induction for processed cheese while cost in use effective Dairy. 249 1.S. electrical/electronics. packaging. industrial and consumer. and Canada **Includes Europe. Randy Stone President DuPont Performance Materials Growth Strategies Operating Earnings $1.125 2.334 3. Middle East and Africa .059 2015 5. compounding production assets (2013) Glass Laminating Solutions/Vinyls – Sold (2014) SPA Joint Venture – Sold Shares (2014) Neoprene business – Sold (2015) 20  DuPont Data Book North America* 33% Electrical and electronics 14% Elastomers 6% Intermediates 4% By Region Latin America 7% *Includes U. construction.918 Industrial Affiliate net assets 318 238 171 Consumer Purchases of property. Canada.Performance Materials DuPont Performance Materials provides its customers with innovative polymer science solutions and expert application development assistance to enhance the performance.9% Automotive Research and development 102 99 96 Packaging Depreciation and amortization 162 139 125 Electrical/Electronics Equity in earnings of affiliates (9) (77) (8) Construction Segment net assets 3. automotive.000 Materials processing Operational excellence • Leverage global capabilities and value chain expertise Global market access • Accelerate growth in developing markets $1.200 (dollars in millions) Key Capabilities $800 $600 $400 Key Products & Services $200 Engineering polymers 0 2013 Flexible packaging resins Industrial resins Performance elastomers Performance parts and shapes Core Markets 2014 2015 Overview (dollars in millions) 2013 6.3% 20. Key market segments include: aerospace.216 Aerospace Operating earnings margin 20. DuPont Performance Materials has established itself as the industry leader in high-performance renewablysourced and sustainable polymers with a broad and expanding portfolio of products. plant and equipment 179 134 159 2015 Sales Data By Major Product Group Engineering resins 52% Ethylene co-polymers 28% By Major Industry Transportation 37% Packaging 12% Construction 5% Engineered parts 7% Personal and healthcare 4% Other 3% Asia Pacific 34% Europe** 26% Industrial 16% Consumer 8% Other 4% Divestitures and Shutdowns (2013–2015) Interest in Asahi – DuPont POM (Zhangjigang) Company Limited sold (2013) Shutdown of Maitland.305 Operating earnings 1. DuPont Performance Materials is a global business with market leadership in all regions of the world.9% 22.166 Net sales 2014 6.400 Polymer science • Deliver innovative products and marketfocused solutions through world-class application development Applications development • Drive operating discipline and productivity $1. to reduce the total system cost and to optimize the sustainability of their products.267 1. with added melt stability for better processing Automotive. to enable recyclability.dupontteijinfilms.plastics.dupontelastomers. chemical resistance. parts and proprietary designs for automotive jounce bumpers Automotive Zytel® RS Nylon Resins New renewably sourced nylon products based on the castor plant. EBA copolymers) Elvaloy® polymer modifiers Elvax® ethylene vinyl acetate resins Fusabond® grafted modifiers Hytrel® polyester elastomer Kalrez® perfluoroelastomer parts Melinex® polyester film Mylar® polyester film Nucrel® acid copolymer resins Purex® polyester film Rynite® PET polyester resins Surlyn® resins Teijin® Tetoron® polyester film Teonex® PEN film Tynex® nylon filaments Vamac® ethylene acrylic elastomer Vespel® parts and shapes Zytel® and Minlon® nylon resins Zytel® HTN nylon resins Zytel® long chain polyamides Adhesives Aerospace Appliances Automotive Chemical processing Construction Consumer products Cosmetic/personal care packaging Data storage Electrical/electronics Flat panel displays Food and material handling Food and beverage packaging Industrial hardware Industrial packaging Leisure/sporting goods Medical and health care Oil and Gas Paving Photovoltaics Plastics modification Power tools Semiconductor and business machines Wire and cable Acetic acid Adipic acid Butanediol Caprolactam Chlorine Dimethyl terephthalate (DMT) Dodecanedioic acid Ethane Glass fiber Hexamethylene diamine Methacrylic acid Methanol Methylacrylate Paraxylene Perfluoromethylvinyl ether Polyethylene Polyolefin resin Polytetramethylene glycol Purified terephthalic acid (PTA) Vinyl acetate monomer Ascend Arkema BASF Celanese DSM EMS ExxonMobil Ineos Lanxess Lyondell-Basel Polyplastics Sabic Solvay Westlake Performance Materials  www.com www. consumer goods. Automotive and industrial/consumer Zytel® Long Chain Polyamides New polymer platform based on long chain polyamides for extrusion applications Automotive and industrial/consumer Zytel® Plus Nylon Resins Enhanced temperature and environmental resistance for improved engine efficiency and light weighting Automotive. packaging ® ® DuPont Principal Products Major Markets Major Raw Materials Significant Competitors Bynel® coextrudable adhesive Crastin® PBT polyester resins Delrin® acetal resins Elvaloy® AC acrylate resins (EMA. electrical/electronics Crastin® PBT Polyester Resins New polyester resin with improved surface aesthetics for automotive bezels Automotive Sorona® PTT Resins New resins for louvres for air conditioning systems Automotive ® Kalrez Perfluoroelastomer Parts New parts providing improved thermal stability and chemical resistance for longer life and more effective sealing Industrial and electronics Vespel® Parts and Shapes New parts for improved wear and friction Aerospace/Transportation Vamac Ultra Elastomers New ethylene acrylic elastomers that deliver improved productivity and better high-temperature performance Automotive Surlyn® and Bynel® Resins New resins to improve clarity.com  www. EEA. flexibility and puncture resistance with improved processing performance Packaging Elvaloy® Asphalt Modifiers New lower cost ethylene copolymer composition which enables more durable and easily processed asphalt Paving Fusabond® Modifiers Resins to bond different materials.packaging. a pleasant touch – while being easier to implement Cosmetics packaging Elvax® Resin New resin that maintains low-temperature sealing. puncture resistance.dupont. and shrink and sealing characteristics all of which result in increased shelf life and reduced packaging waste Flexible shrinkbag packaging for meat and fish Surlyn® Resin New grade with crystalline clarity. automotive. and to enhance polymer properties Construction. excellent resistance to scratches and abrasion. Multiple reinforced and unreinforced grades available in two different polymer families.com DuPont Data Book  21 . based on non-food bio-mass sources Automotive and industrial/consumer Hytrel® Polyester Elastomer New resins. high gloss.com www. electrical/electronics Delrin® Acetal Resins New acetal homopolymer products with very low emissions for automotive interior applications Automotive ® ® ® Crastin PBT Polyester Resins Improved hydrolysis resistance.Examples of Sales from New Products (4 years) DuPont Products/Services Innovation Markets Served Zytel HTN Nylon Resins New HTN nylon resins with non-halogen flame-retardant technology Electrical/automotive/consumer Zytel® HTN Nylon Resins New HTN nylon resins for hand-held devices Consumer electronics Hytrel RS Polyester Elastomer New renewably sourced alternative to conventional Hytrel with comparable properties.dupont. the environment. environmental solutions.Protection Solutions DuPont Protection Solutions is a global leader in creating advanced materials-based products and services that protect people. Key Capabilities Growth Strategies Market-driven science in selective barriers. and Corian®. protection of perishable and temperature-sensitive food.229 553 2014 3. as well as providing sustainable building solutions. and pharmaceutical products. the segment delivers products and services to a large number of markets including industrial. and critical processes.339 2.039 641 Operating earnings margin 17. Nomex®. military and law enforcement. DuPont Protection Solutions is investing in the future with growth initiatives such as solutions for water management in agriculture.3% 21.1% 20.S. previously within the company’s Safety & Protection segment (now Protection Solutions) was comprised of two business units: Clean Technologies. and Canada **Includes Europe.464 2.1% Research and development Depreciation and amortization Equity in earnings of affiliates Segment net assets 77 77 72 178 168 156 21 28 23 2. By combining in-depth technology know-how and customer partnerships encompassed in highly regarded brands such as DuPont™ Kevlar®. businesses and consumers globally for solutions that make life safer and healthier. In addition to serving its existing customer base. high-strength/temperature materials. Middle East and Africa 22  DuPont Data Book . Tyvek®. Reclassification of prior year data has been made to reflect the current year classification. and energy.295 83 78 71 101 98 96 Affiliate net assets Purchases of property. DuPont Sustainable Solutions. consumer. construction. The segment satisfies the growing needs of governments. and protective/ decorative surfaces • Deliver continued high-growth pace in developing markets Global brand strength Robust new application development Key Products & Services DuPont™ Kevlar® fiber and paper DuPont™ Nomex® fiber and paper DuPont Tyvek protective material and other selective barriers ™ ® • Differentiate powerful brands and unique value propositions through market-facing models • Maintain innovation leadership leveraging unique technologies and new application development focus globally • Continue to improve cost competitiveness • Invest in capacity expansions to support growth Operating Earnings $700 $600 (dollars in millions) Rose Lee President DuPont Protection Solutions $500 $400 $300 $200 $100 $0 2013 2014 2015 DuPont Tychem chemical protection suits ™ ® DuPont™ Corian® solid surfaces DuPont™ Zodiaq® quartz surfaces Core Markets Construction Industrial Automotive Consumer Military and law enforcement Aerospace and aircraft Oil and Gas/Energy Overview (dollars in millions) Net sales Operating earnings 2013 3. which is now part of the Industrial Biosciences segment and Consulting Solutions which is now reported in Other. automotive. aircraft.304 672 2015 3. plant and equipment 2015 Sales Data By Major Product Group By Major Industry By Region Industrial 53% Aramids products 46% Automotive 6% Tyvek®/Typar® 37% Military and law enforcement 8% North America* 46% Europe** 27% Asia Pacific 21% Consumer 11% Solid surfaces 17% Latin America 6% Construction 22% *Includes U. com www. with excellent comfort Industrial.DuPont. during transport Transportation DuPont™ Tyvek® FireCurb™ Flame-retardant Tyvek® membranes that reduce active flame spread Residential and commercial construction DuPont™ Corian® solid surfaces and DuPont™ Zodiaq® quartz surfaces New color and aesthetics to suit many lifestyles and environments Residential and commercial construction DuPont™ Corian® Deep Color Novel color embedding and retention technology for dark color offerings Residential and commercial construction DuPont™ Corian® exterior cladding Preformed panels for interior and exterior cladding Commercial construction ® ® ® ® ™ ™ ® Divestitures and Shutdowns (2013–2015) Sontara® – sold (2014) DuPont Principal Products Major Markets Major Raw Materials Significant Competitors DuPont™ AirGuard® vapor control layers DuPont™ Corian® solid surfaces DuPont™ Flashing Systems DuPont™ Plantex® landscape fabric DuPont™ RoofLiner DuPont™ Tensylon™ DuPont™ Tyvek® fluid applied WB DuPont™ Tyvek® FireCurb™ DuPont™ Tyvek® roofing membranes DuPont™ Tyvek® wall membranes DuPont™ Tyvek® weather barriers DuPont™ Zodiaq® quartz surfaces GreenVista™ landscape fabric Kevlar® fiber and paper Montelli® solid surfaces Nomex® fiber and paper Tychem® protective material Tyvek® protective material Aerospace and aircraft Automotive Cleanrooms Commercial surfaces for healthcare.com www.PersonalProtection.Plantex.com www.Construction.Corian.com www.Nomex.Tyvek.com www.com DuPont Data Book  23 .DuPont.com  www.com www.   food service.Tyvek.Examples of Sales from New Products (4 years) DuPont Products/Services Innovation Markets Served Kevlar XP High-performance fabrics for ballistic applications Law enforcement Kevlar AP High-strength fiber solutions Automotive.Zodiaq. retail. Industrial Kevlar® KM2 Plus Next-generation product for military vest and helmet Military and law enforcement Nomex MHP Multi-hazard fabric blends containing Nomex that provide high flame and arc protection.com www. education and   hospitality applications Composite and vertical drainage systems Construction Electrical equipment Electric utilities Emergency response Envelopes Filtration and separation General industrial Geotextiles Graphics Landscape products Medical packaging Military and law enforcement Protective apparel Residential surfaces Telecommunications Alumina trihydrate Aniline Benzene Calcium chloride Carbon monoxide Chlorine High-density polyethylene Isophthaloyl acid Metaphenylenediamine Methyl methacrylate Polyester resin Polypropylene Quartz Sulfuric acid Terephthaloyl acid Ansell Cosentino Doerken DSM Fiberweb Hanwha Honeywell Hyosung Isospan Kimberly Clark Kolon LG Hausys Lion Chemtech 3M Samsung Teijin Yantai Protection Solutions  www. Oil and Gas.TyparGeo. Industrial Nomex® XF Thermal and acoustic barrier Aircraft DuPont Tensylon High modulus bi-directional laminate for ballistic applications Military and law enforcement Tyvek air cargo covers Selective barrier providing protection of perishables and other sensitive goods. Electric Utilities Nomex® 910 Dielectric papers for electrical insulation in fluid-filled transformers Electric Utilities.Kevlar. like pharmaceuticals. V Marillyn A. Hewson Chairman. Breen Chair of the Board and Chief Executive Officer Eleuthère I. President. Thomas Retired Chairman and Chief Executive Officer of Rayonier Patrick J. du Pont Nicholas C.Board of Directors DuPont Senior Leadership Edward D. Fanandakis Executive Vice President and Chief Financial Officer President of Longwood Foundation James L. Inc. Juliber Retired Vice Chairman of Colgate-Palmolive Corporation Ulf M. and Chief Executive Officer of Lockheed Martin Corporation Lois D. Gallogly Former Chairman and Chief Executive Officer of LyondellBasell Industries N. Ward Chief Financial Officer of Cummins. Muzyka Marc Doyle Richard C. Fox Senior Vice President DuPont Human Resources Senior Vice President and General Counsel James C. Collins Douglas W. Cutler Chairman and Chief Executive Officer of Eaton Edward D. (“Mark”) Schneider Benito Cachinero-Sánchez Stacy L. Olson President and Chief Executive Officer of Fresenius Group Lee M. Breen Chair of the Board and Chief Executive Officer Lamberto Andreotti Chairman of the Board of Bristol-Myers Squibb Company Robert A. As of March 2016 Executive Vice President Executive Vice President Senior Vice President and Chief Science and Technology Officer Senior Vice President Corporate Operations . Brown President of Boston University Alexander M. com Copyright © 2016 DuPont. DE 19805 www. The DuPont Oval Logo. and all products denoted with ™ or ® are trademarks or registered trademarks of E.dupont. I. du Pont de Nemours and Company or its affiliates. DuPont™. All rights reserved. Chestnut Run Plaza Wilmington.DuPont Investor Relations 974 Centre Road. .
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