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.

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