However, as a result of the divestiture of the Performance Products and Solutions segment (PP&S) on October 25, 2019, we have removed PP&S as a separate operating segment and its results are presented as discontinued operations. Note 3 — DISCONTINUED OPERATIONS On October 25, 2019, we divested the PP&S segment for $782.1 million cash. For the income tax impact associated with PP&S, refer to Note 3, Discontinued Operations.

● Record perforff mance in our SEM, PPS and Distribution segments, which delivered operating income of $81.1 million, $74.4 million and $68.2 million, respectively, in 2016 Garratt, who had previously served as Senior Vice President, PPS, was named as Senior Vice President, Chief Commercial Officff er on April 18, 2016. Garratt, whose 2016 results were partially based on the PPS Plan, total attainment was 121.1%, with 2016 PPS Plan (Garratt) Adjusted Operating Income (Business Unit) 40% $65.4 $74.4 200% Revenue (Business Unit) 25% $720.7 $668.3 0% Working Capital as a % of Sales (Business Segment) 15% 6.2% 5.8% 200% Total Attainment 121.1% r Mr.

PP OW PURPLE PP BLUE 2154C III PG 323590.00 PK PP

FUCSIA PP WHITE PP YELLOW PP

GREY PP GREEN PP RED PP

LIME GREEN 173218 PP PEARL WHITE PP LIGHT MAUVE PP

PG 311016.00 GN PP PG 311022.00 BU PP PINK 1767 PP

Additives and Colorants for PP-R and PP-RCT Pipe Systems PP-R and PP-RCT Pipe & Fittings Matched color references in concentrates suitable for PP-R and PP-RCT

PG 65337.00 PU PP PG 65337.01 PU PP LOUIS RED PP OUT

PG 353903.00 WT PP SC PG 353904.00 BU PP SC PP FR 8-6 LMS-1000