Professional Documents
Culture Documents
DUPONT
DATA
BOOK
Contents
1 DuPont Investor Relations
2 Corporate Financial Data
Segment Information
10 Science-Based Innovation
12 Business Segments
Agriculture
Industrial Biosciences
Performance Materials
Protection Solutions
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. This book presents graphics, tabular and other statistical data about the
consolidated company and its business segments.
Forward-Looking Statements
This DATA BOOK contains forward-looking statements within the meaning of the federal
securities laws, including Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forwardlooking statements often address expected future business and financial performance
and financial condition, and often contain words such as expect, anticipate, intend,
plan, believe, seek, see, will, would, target, similar expressions, and
variations or negatives of these words.
Forward-looking statements by their nature address matters that are, to different degrees,
uncertain, such as statements about the consummation of the proposed transaction
and the anticipated benefits thereof. 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. Forward-looking statements also involve risks and
uncertainties, many of which are beyond the companys control. Some of the important
factors that could cause the companys actual results to differ materially from those
projected in any such forward-looking statements are: fluctuations in energy and raw
material prices; failure to develop and market new products and optimally manage
product life cycles; ability to respond to market acceptance, rules, regulations and
policies affecting products based on biotechnology and, in general, for products for the
agriculture industry; outcome of significant litigation and environmental matters, including
realization of associated indemnification assets, if any; failure to appropriately manage
process safety and product stewardship issues; changes in laws and regulations or
political conditions; global economic and capital markets conditions, such as inflation,
interest and currency exchange rates; business or supply disruptions; security threats,
such as acts of sabotage, terrorism or war, natural disasters and weather events
and patterns which could affect demand as well as availability of products for the
agriculture industry; ability to protect and enforce the companys intellectual property
rights; successful integration of acquired businesses and separation of underperforming
or non-strategic assets or businesses; and risks related to the agreement entered on
December 11, 2015, with The Dow Chemical Company pursuant to which the companies
have agreed to effect an all-stock merger of equals, including the completion of the
proposed transaction on anticipated terms and timing, 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. Important risk factors relating to the proposed transaction and
intended business separations include, but are not limited to, (i) the completion of the
proposed transaction on anticipated terms and timing, including obtaining shareholder
and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future
capital expenditures, revenues, expenses, earnings, synergies, economic performance,
indebtedness, financial condition, losses, future prospects, business and management
strategies for the management, expansion and growth of the new combined companys
operations and other conditions to the completion of the merger, (ii) the ability of Dow
and DuPont to integrate the business successfully and to achieve anticipated synergies,
risks and costs and pursuit and/or implementation of the potential separations, including
anticipated timing, any changes to the configuration of businesses included in the
potential separation if implemented, (iii) the intended separation of the agriculture,
material science and specialty products businesses of the combined company postmergers in one or more tax efficient transactions on anticipated terms and timing,
including a number of conditions which could delay, prevent or otherwise adversely
affect the proposed transactions, including possible issues or delays in obtaining required
regulatory approvals or clearances, disruptions in the financial markets or other potential
barriers, (iv) potential litigation relating to the proposed transaction that could be
instituted against Dow, DuPont or their respective directors, (v) the risk that disruptions
from the proposed transaction will harm Dows or DuPonts business, including current
plans and operations, (vi) the ability of Dow or DuPont to retain and hire key personnel,
(vii) potential adverse reactions or changes to business relationships resulting from the
announcement or completion of the merger, (viii) uncertainty as to the long-term value of
DowDuPont common stock, (ix) continued availability of capital and financing and rating
agency actions, (x) legislative, regulatory and economic developments, (xi) potential
business uncertainty, including changes to existing business relationships, during the
pendency of the merger that could affect Dows and/or DuPonts financial performance,
(xii) certain restrictions during the pendency of the merger that may impact Dows or
DuPonts ability to pursue certain business opportunities or strategic transactions and
(xiii) unpredictability and severity of catastrophic events, including, but not limited to,
acts of terrorism or outbreak of war or hostilities, as well as managements response to
any of the aforementioned factors. These risks, as well as other risks associated with
the proposed merger, 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. While the list of factors presented here is, and
the list of factors presented in the preliminary registration statement on Form S-4 are,
considered representative, no such list should be considered to be a complete statement
of all potential risks and uncertainties. Unlisted factors may present significant additional
obstacles to the realization of forward-looking statements. Consequences of material
differences in results as compared with those anticipated in the forward-looking
statements could include, among other things, business disruption, operational problems,
financial loss, legal liability to third parties and similar risks, any of which could have a
material adverse effect on Dows or DuPonts consolidated financial condition, results of
operations, credit rating or liquidity. 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, whether as a result of new
information, future developments or otherwise, should circumstances change, except
as otherwise required by securities and other applicable laws. The company undertakes
no duty to publicly revise or update any forward-looking statements as a result of future
developments, or new information or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws.
Use of Non-GAAP Measures
As a supplement to DuPont financial results prepared in accordance with U.S. generally
accepted accounting principles (GAAP), this DATA BOOK presents non-GAAP measures.
Consolidated company and segment results are shown on an operating earnings basis,
which excludes significant items and non-operating pension and other postretirement
employee benefit costs. Non-GAAP measures include but are not limited to operating
earnings and operating earnings per share; operating earnings before interest, taxes, and
noncontrolling interests (EBIT), as defined by the company; operating earnings before
interest, taxes, noncontrolling interests, depreciation and amortization (EBITDA); and free
cash flow. Non-GAAP measures are not a substitute for GAAP results. The company uses
non-GAAP measures to evaluate and manage the companys operations. 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. This data should be read in conjunction with
previously published company reports on Forms 10-K, 10-Q, and 8-K. These reports, along
with reconciliations of non-GAAP measures to GAAP are available on the Investor Center
of www.dupont.com.
For complete details of significant items, see DuPont quarterly earnings news
releases.
The DuPont DATA BOOK is available at www.dupont.com.
March 2016
2011
2012
2013
2014
2015
$ 25,883
1,656
2,210
941
3,122
4,308
5,152
1,843
1,843
$ 27,610
1,168
2,238
1,065
3,311
4,680
4,849
1,793
2,001
$ 28,998
2,206
2,926
1,027
4,019
5,360
3,179
1,882
2,037
$ 28,406
3,145
3,110
1,006
4,599
5,965
3,712
2,020
1,958
$ 25,130
1,895
2,503
978
3,757
5,095
2,316
1,629
1,898
49,062
6,153
12,508
8,723
50,339
6,866
11,704
10,208
52,142
10,055
12,420
16,229
50,490
8,220
10,655
13,320
41,166
7,071
8,807
9,993
1.71
2.34
1.64
1.20
2.36
1.70
2.34
3.12
1.78
3.39
3.36
1.84
2.09
2.77
1.72
45.78
57.0037.10
9.16
941
926
44.98
53.9841.67
10.69
942
933
64.97
65.0045.11
17.25
933
927
73.94
75.8259.35
14.46
922
905
66.60
80.6547.11
11.20
900
871
5.2%
3.6%
8.2%
20
70.1%
10.5%
59.3%
57.6%
7.1
1.6
($134)
1.8%
3.8%
1.7%
19
72.0%
10.5%
61.5%
53.2%
7.1
1.6
($136)
49.2%
2.7%
44.4%
21
57.1%
12.1%
62.5%
43.3%
9.0
1.8
($66)
17.0%
2.5%
13.8%
22
54.8%
12.1%
64.2%
44.3%
11.7
1.7
($166)
2.7%
2.6%
9.9%
24
62.1%
11.9%
61.0%
46.3%
10.7
1.7
($127)
61
61
55
54
52
1 On July 1, 2015, the company completed the separation of its Performance Chemicals segment. Accordingly, the results of Performance Chemicals are presented as discontinued operations and as such have been excluded from continuing operations,
operating earnings, segment results and related calculations for all periods presented.
2 See page 9 for reconciliations of non-GAAP measures.
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. Cash flow activity for 2015 includes cash flows related to Performance Chemicals
for the six months ended June 30, 2015.
4 Number of employees excludes employees associated with the Performance Chemicals segment for all years presented.
DuPont*
3%
70%
64%
S&P 500*
1%
53%
81%
$4,000
Proxy Peers**
3%
43%
66%
* Source: Datastream as of 12/31/2015, FactSet; assumes dividends are re-invested at the closing price applicable on the ex-dividend date. Total Shareholder Return
calculated as the appreciation or depreciation of share price, plus any dividends, over a given period, expressed as a percentage of the shares value at the beginning
of the period.
** 2015 Proxy Peers: 3M, Air Products, Baxter International, Boeing, Caterpillar, Dow Chemical, Emerson, Honeywell, Ingersoll-Rand, Johnson Controls, Johnson and Johnson,
Kimberly Clark, Merck, Monsanto, Proctor and Gamble, Syngenta AG, and United Technologies. TSR reported on a market cap weighted basis.
$3,000
(dollars in millions)
Stockholder Return
$2,000
$1,000
$0
2011
2012
2013
Share Repurchase
2014
2015
Dividends
2011
2012
2013
2014
2015
$ 25,883
$ 27,610
$ 28,998
$ 28,406
$ 25,130
16,261
16,862
17,642
17,023
15,112
1,055
1,555
1,222
645
459
5,078
5,413
5,342
4,891
4,615
1,843
2,001
2,037
1,958
1,898
(569)
(432)
(371)
(1,277)
(697)
447
464
448
377
342
53
457
112
476
810
1,715
1,290
2,566
4,313
2,591
59
122
360
1,168
696
1,656
1,168
2,206
3,145
1,895
1,943
1,612
2,656
491
64
Net income
3,599
2,780
4,862
3,636
1,959
40
25
14
11
3,559
2,755
4,848
3,625
1,953
1.71
1.20
2.34
3.39
2.09
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
1,277
138
129
49
92
30
259
697
Net sales
Cost of goods sold
Interest expense
Employee separation/asset related charges, net
Income from continuing operations before income taxes
Provision for income taxes on continuing operations
2013
2014
2015
$ 8,819
8,060
6,000
6,119
$8,594
8,058
5,905
5,849
$ 7,837
7,121
4,873
5,299
28,406
25,130
1,323
907
361
519
1,153
994
117
239
3,110
2,503
Net sales
1st
2nd
3rd
4th
Total
28,998
2,926
1.26
1.09
0.13
0.27
2.77
2013
2014
2015
$ 2,566
485
533
(101)
$ 4,313
(209)
128
254
$ 2,591
453
397
93
3,685
3,978
3,348
360
108
177
35
1,168
(97)
41
(420)
696
105
131
(220)
680
692
712
14.0%
27.1%
26.9%
4.0%
(0.8%)
0.2%
18.0%
0.5%
18.5%
26.3%
(8.9%)
17.4%
27.1%
(5.8%)
21.3%
2011
2012
2013
2014
2015
$ 3,586
433
5,168
6,525
301
5,381
21,394
$ 4,284
123
4,682
6,591
357
3,076
5,478
24,591
$ 8,941
145
5,370
6,994
356
228
5,712
27,746
$ 6,910
124
5,238
6,787
452
6,227
25,738
$ 5,300
906
4,643
6,140
398
17,387
24,283
13,629
10,654
5,215
5,372
981
4,402
1,044
49,062
23,078
13,214
9,864
4,418
5,097
1,033
4,323
1,013
50,339
23,345
13,400
9,945
4,515
5,079
891
2,976
990
52,142
23,773
13,765
10,008
4,332
4,569
762
4,078
1,003
50,490
24,130
14,346
9,784
4,248
4,144
688
3,799
1,116
41,166
$ 3,846
817
147
5,050
2,302
12,162
$ 3,926
1,275
226
5,736
1,084
2,440
14,687
$ 4,119
1,721
180
5,959
2,596
14,575
$ 3,786
1,422
487
5,596
2,467
13,758
$ 3,398
1,165
173
5,580
10,316
11,691
15,351
650
39,854
10,429
14,333
591
40,040
10,699
9,910
672
35,856
9,233
13,615
506
37,112
7,642
12,591
417
30,966
8,723
485
9,208
49,062
10,208
91
10,299
50,339
16,229
57
16,286
52,142
13,320
58
13,378
50,490
9,993
207
10,200
41,166
Assets
Current assets
Cash and cash equivalents
Marketable securities
Accounts and notes receivable, net
Inventories
Prepaid expenses
Assets held for sale
Assets of discontinued operations
Total current assets
Property, plant and equipment
Less: Accumulated depreciation
Net property, 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, 2016 retroactive adoption of ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
2011
2012
2013
2014
2015
$ 3,599
$ 2,780
$ 4,862
$ 3,636
$ 1,959
1,283
277
656
(341)
330
1,376
337
832
(848)
362
1,280
323
953
(313)
(2,687)
170
1,254
363
406
(311)
(726)
366
1,104
362
591
(308)
(59)
253
(349)
(989)
144
(843)
(976)
(519)
(88)
(318)
(448)
164
493
193
5,152
1,029
(320)
4,849
240
(154)
3,179
(1,064)
194
3,712
(1,063)
(239)
2,316
(1,843)
(67)
(6,459)
214
(887)
3,036
(227)
(5)
(6,238)
(1,793)
(97)
(18)
302
(650)
965
(40)
(15)
(1,346)
(1,882)
(58)
(133)
4,841
142
(497)
452
40
40
2,945
(2,020)
(42)
1,058
34
(936)
950
430
189
(337)
(1,629)
(76)
(152)
139
17
(1,897)
1,121
615
34
(1,828)
(1,533)
185
(1,594)
(200)
(1,661)
16
(1,696)
(11)
(1,546)
(1)
2,539
(1,163)
(672)
952
95
403
6
(677)
4,263
3,586
323
(916)
(400)
550
(470)
10
(2,697)
(13)
(95)
698
3,586
4,284
2,013
(1,312)
(1,000)
536
(65)
(1)
(1,474)
(88)
4,562
4,379
8,941
104
(1,794)
(2,000)
327
(4)
(5,074)
(332)
(2,031)
8,941
6,910
3,679
(1,537)
(2,353)
274
(1)
(250)
(88)
(1,823)
(275)
(1,610)
6,910
5,300
455
527
501
1,054
489
1,323
394
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. Cash flow activity for 2015 includes cash flows related to Performance Chemicals for
the six months ended June 30, 2015.
$3,000
(dollars in billions)
(dollars in millions)
$4,000
$2,000
$1,000
$0
2011
2012
2013
2014
2015
25
20
15
10
5
0
Cash
12/31/10
Cash from
Operations
Asset
Sales
PPE &
Dividends
Stock
Investment
Repurchase
in Affiliates
Other
Cash
12/31/15
2012
2013
2014
2015
$9,165
3,154
1,074
2,460
6,445
3,295
290
25,883
$10,421
2,684
1,604
3,422
6,095
3,122
262
27,610
$11,728
2,534
1,631
3,473
6,166
3,229
237
28,998
$11,296
2,381
1,624
3,529
6,059
3,304
213
28,406
$9,798
2,070
1,478
3,256
5,305
3,039
184
25,130
1,776
420
130
201
945
532
171
4,175
(213)
(801)
(447)
2,714
(532)
(467)
2,129
237
228
305
1,140
475
(125)
4,389
(212)
(842)
(464)
2,871
(651)
(930)
2,480
314
232
286
1,249
553
(208)
4,906
(101)
(773)
(448)
3,584
(533)
(485)
2,352
336
269
369
1,267
672
(233)
5,032
254
(677)
(377)
4,232
(128)
209
1,646
359
243
373
1,216
641
(235)
4,243
93
(573)
(322)
3,441
(397)
(453)
1,715
1,290
2,566
4,313
2,591
1 DuPont Sustainable Solutions, previously within the companys Safety & Protection segment (now DuPont Protection Solutions), was comprised of two business units: clean technologies and consulting solutions. Effective
January 1, 2016, the clean technologies business unit became part of the Industrial Biosciences segment and the consulting solutions business unit is reported within Other. Reclassification of prior year data has been
made to reflect the current year classification.
2 For complete details of significant items, see DuPonts quarterly earnings news releases.
2015
1st
2nd
3rd
4th
Full Yr.
1st
2nd
3rd
4th
Full Yr.
$4,391
577
395
861
1,520
801
49
$8,594
$3,610
613
404
926
1,567
885
53
$8,058
$1,563
620
407
899
1,531
834
51
$5,905
$1,732
571
418
843
1,441
784
60
$5,849
$11,296
2,381
1,624
3,529
6,059
3,304
213
$28,406
$3,937
517
350
813
1,381
790
49
$7,837
$3,218
528
357
826
1,338
806
48
$7,121
$1,093
532
374
810
1,302
723
39
$4,873
$1,550
493
397
807
1,284
720
48
$5,299
$9,798
2,070
1,478
3,256
5,305
3,039
184
$25,130
$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)
$2,352
336
269
369
1,267
672
(233)
$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)
$1,646
359
243
373
1,216
641
(235)
2,042
(92)
(202)
(103)
1,645
(32)
1,613
1,516
(56)
(174)
(94)
1,192
(32)
1,160
686
250
(167)
(93)
676
(32)
644
788
152
(134)
(87)
719
(32)
687
5,032
254
(677)
(377)
4,232
(128)
4,104
1,810
142
(154)
(84)
1,714
(109)
1,605
1,447
11
(148)
(74)
1,236
(87)
1,149
433
(36)
(111)
(82)
204
(115)
89
553
(24)
(160)
(82)
287
(86)
201
4,243
93
(573)
(322)
3,441
(397)
3,044
(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)
1,610
1,245
634
824
4,313
1,551
1,234
227
(421)
2,591
1st
1.42
(0.03)
0.00
1.39
2nd
0.98
(0.03)
0.05
1.00
4th
0.57
(0.03)
0.09
0.63
Full Yr.
3.36
(0.09)
0.12
3.39
1st
1.26
(0.09)
(0.06)
1.11
2nd
1.09
(0.07)
0.04
1.06
4th
0.27
(0.06)
(0.47)
(0.26)
Full Yr.
2.77
(0.29)
(0.39)
2.09
2014
3rd
0.39
(0.02)
(0.01)
0.36
2015
3rd
0.13
(0.09)
0.10
0.14
1 DuPont Sustainable Solutions, previously within the companys Safety & Protection segment (now DuPont Protection Solutions), was comprised of two business units: clean technologies and consulting solutions.
Effective January 1, 2016, the clean technologies business unit became part of the Industrial Biosciences segment and the consulting solutions business unit is reported within Other. Reclassification of prior year data has
been made to reflect the current year classification.
2 In the first quarter 2015, the impact of an exchange loss on nonoperating pension of $23 is excluded from Exchange gains (losses) and included in Nonoperating pension and OPEB costs above.
3 For complete details of significant items, see DuPonts quarterly earnings news releases.
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.
(dollars in millions)
$10,000
2013
2014
2015
$8,000
$6,000
$4,000
$2,000
$0
% of total
41
40
43
17
17
16
Developed EMEA1
12
13
14
13
Developing Asia*
12
11
Latin America*
2013
2014
2015
$28,998
$28,406
$25,130
$9,813
34%
$9,698
34%
$8,196
33%
Agriculture
Food and Nutrition
Motor Vehicle and
Transportation
Electrical and
Electronics
Developed Asia
Developing EMEA1*
2014
2015
Agriculture
54%
54%
50%
83%
82%
80%
Chemical/
Petrochemical
Industrial Biosciences1
61%
61%
60%
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, previously within the companys Safety & Protection
segment (now DuPont Protection Solutions), was comprised of two business units:
clean technologies and consulting solutions. Effective January 1, 2016, the clean
technologies business unit became part of the Industrial Biosciences segment and
the consulting solutions business unit is reported within Other.
2 Total includes net sales reported in Other.
10
15
20
25
30
35
c
d
e
j
l k
40
2011
2012
2013
2014
2015
$ 1,715
$ 1,290
$ 2,566
$ 4,313
$2,591
467
930
485
(209)
453
532
651
533
128
397
2,714
2,871
3,584
4,232
3,441
39
24
13
10
447
464
448
377
322
3,122
3,311
4,019
4,599
3,757
1,186
1,369
1,341
1,366
1,338
4,308
4,680
5,360
5,965
5,095
2012
2013
2014
2015
Full Year
Full Year
1Q
2Q
3Q
4Q
Full Year
1Q
2Q
3Q
4Q
Full Year
1Q
2Q
3Q
4Q
$1.71
$1.20
$1.28
$0.90
$0.13
$0.02
$2.34
$1.39
$1.00
$0.36
$0.63
$3.39
$1.11
$1.06
0.14
(0.26)
2.09
0.25
0.70
(0.02)
0.08
0.03
0.31
0.40
0.00
(0.05)
0.01
(0.09)
(0.12)
0.06
(0.04)
(0.10)
0.47
0.39
0.38
0.46
0.11
0.10
0.10
0.09
0.38
0.03
0.03
0.02
0.03
0.09
0.09
0.07
0.09
0.06
0.29
2.34
2.36
1.37
1.08
0.26
0.42
3.12
1.42
0.98
0.39
0.57
3.36
1.26
1.09
0.13
0.27
2.77
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.
2012
2013
2014
2015
Full Year
Full Year
1Q
2Q
3Q
4Q
Full Year
1Q
2Q
3Q
4Q Full Year
1Q
2Q
$1,656
$1,168
$1,210
$845
$131
$20
$2,206
$1,305
$932
$331
$577 $3,145
$1,021
$974
3Q
4Q Full Year
39
24
13
10
(3)
238
657
(20)
78
27
292
377
(44)
(79)
(112)
57
(32)
(88)
411
348
355
437
98
84
94
80
356
22
22
22
21
87
79
57
74
56
266
2,210
2,238
1,282 1,003
249
392
2,926
1,323
907
361
519
3,110
1,153
994
117
239
2,503
Science-Based Innovation
Doug Muzyka
Senior Vice President
and Chief Science
& Technology Officer
1,023
764
1,643
$7,877
31%
$1,898
8%
Investment in R&D
In 2015, DuPont invested $1.9 billion in R&D, which was about 8
percent of sales, and is among the top R&D investors in Advanced
Materials and Chemicals according to R&D Magazine. Return
on R&D investment permeates all aspects of the planning and
execution of innovation programs. We make strategic choices
based on the balance of risk, time and reward to focus our
innovation portfolio to win in the fast changing marketplace. The
first critical step in maximizing the return on R&D is to prioritize
and balance our portfolio. At DuPont, each R&D investment
domain is strategically aligned to address critical needs of the
marketplace. 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. We
manage each project through a disciplined stage-gate process
and critically evaluate them from both a technical and market-back
perspective, and make appropriate adjustments to achieve or
exceed our commercialization targets.
External Recognition
We are proud of the external awards that recognize our success
and the contributions of our employees to the advancement of
science. For the fifth consecutive year, DuPont was named to
the Thomson Reuters Top 100 Global Innovators list. Additionally,
DuPont was honored with the CRDF Global Corporate Impact
Award for its commitment to science collaboration and sciencebased innovation, and received the 2015 Breakthrough Bio-Based
Technology Platform award at the 10th annual World Bio Markets
Conference. DuPont continued to be recognized for sustainable
R&D, and was named a Top 100 Best Corporate Citizen by Corporate
Responsibility Magazine in 2015, in addition to the many accolades
DuPont scientists and engineers received during the year.
M E X I CO C I T Y, M E X I CO
MEYRIN, SWITZERLAND
H SI N CH U , TA I W A N
M O S C O W, R U S S I A
T R O Y, M I C H I G A N , U . S .
I S TA N B U L , T U R K E Y
N A G O Y A , J A PA N
PAU L N I A , B R A Z I L
DELHI, INDIA
SHANGHAI, CHINA
Agriculture
Paul E. Schickler
President
DuPont Pioneer
Key Capabilities
Plant genetics
Biotechnology
Biology
Chemistry
Agronomy
Advanced crop modeling and analytics
Informatics
Core Markets
Production agriculture
Growth Strategies
Operating Earnings
$2,500
$2,000
(dollars in millions)
Timothy P. 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. Through advantaged routes-to-market
and leading market positions around the world, we are extending our global reach. We leverage
our strengths in breeding, agronomy, biology, chemistry, biotechnology and analytics along with
our knowledge of the food value chain. Our businesses provide a leading portfolio of products and
services including Pioneer brand seeds such as corn, oilseeds and rice; DuPont brand insect and
disease control portfolio products; high-value, 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.
$1,500
$1,000
$500
$0
2013
2013
11,728
2,480
21.1%
1,132
358
37
5,919
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, plant and equipment
2014
2014
11,296
2,352
20.8%
1,104
436
31
6,696
240
407
2015
2015
9,798
1,646
16.8%
1,040
453
31
6,751
234
334
46%
Other seeds
8%
Insecticides
14%
Herbicides
10%
Fungicides
7%
By Major Industry
Seeds 69%
By Region
Chemicals 31%
Europe** 21%
Latin America 15%
Innovation
Markets Served
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
Arigo Herbicide
A superior dry formulation SU blend with another mode of action that provides
excellent post-emergence grass and broadleaf weed control
Ligate Herbicide
A superior dry formulation SU blend for use in burndown and fallow for grass and
broadleaf weed control
Trivence Herbicide
Advanced insect control with an excellent environmental profile that provides rapid,
long-lasting plant protection, improvement in early crop establishment and plant
vigor, as well as improved quality and yield.
Zorvec fungicide
Elite products developed using cutting-edge breeding techniques and industryleading germplasm
Integrated and reduced refuge products for simplified, in-the-bag insect management
NA corn
Improved water access and utilization and deliver greater corn yields in water-limited
conditions
Leptra hybrids
High yielding soybean varieties developed using the Pioneer proprietary Accelerated
Yield Technology (AYT system)
High oleic soybean varieties developed using the Pioneer proprietary Accelerated
Yield Technology (AYT system)
U.S. soybean
Europe canola
Brazil
EncircaSM Services
Major Markets
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
Canola seed
Forage inoculant
Millet seed
Sorghum seed
Sunflower seed
Seed treatments
Production agriculture
Feed industry
Food industry
Energy industry
Key Capabilities
Polymer chemistry
Photopolymers
Fluorochemistry
Films and lamination process
Precision patterning
Particle and dispersion science
Application development
Inorganic electronic materials
Core Markets
Aerospace
Automotive
Consumer electronics
Displays
Flexographic printing
Inkjet printing
Military
Photovoltaics
Semiconductor fabrication
Growth Strategies
Commercialize differentiated products for
photovoltaics, consumer electronics, 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. Kemp
President
DuPont Electronics
& Communications
Electronics & Communications is a leading supplier of enabling materials and technologies for solar energy (photovoltaics),
consumer electronics, flat panel displays, advanced printing and other industrial electronic applications worldwide. As a
leading specialty materials supplier to the photovoltaic (PV) industry, 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.
In consumer electronics, DuPont material technologies enable the latest trends in devices, such as high-speed data transfer
and thinner size. For semiconductor fabrication and printed circuit board manufacture, the segment offers innovative materials
for lower total cost of ownership. This segment offers unique organic light emitting diode (OLED) process technology and a
growing suite of high-performance, solution-based materials that will enable display manufacturers to deliver superior OLED
device performance with lower manufacturing costs for large-format displays. In advanced printing, the segment continues
to extend its DuPont Cyrel flexographic printing offering, which enables greater quality, productivity and sustainability for
package printing; and, DuPont is expanding its leadership position in pigmented inks for digital printing applications.
$300
$200
$100
$0
2013
2013
2,534
2014
2,381
2015
2,070
314
336
359
12.4%
14.1%
17.3%
152
138
126
105
97
100
Net sales
Operating earnings
20
20
24
1,448
1,359
1,323
141
137
139
73
52
45
By Major Industry
By Region
Photovoltaics 22%
Europe** 19%
Other 20%
Latin America 4%
2015
2014
Innovation
Markets Served
Advanced semiconductor
manufacturing
Packaging graphics
New digital plate optimized for use with UV inks for tag and label
applications
Packaging graphics
Laser imaging dry film resists for rigid and flexible circuit boards
Consumer electronics
Cyan, magenta, yellow and black inks for commercial inkjet printers
Advanced printing
Consumer electronics
Riston LDI
Resistor materials
Photovoltaics
Photovoltaics
Major Markets
Significant Competitors
Aerospace
Automotive
Consumer electronics
Displays
Electronic components
Electronic insulation
Flexographic printing
Home, 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
Industrial Biosciences
Key Capabilities
Biotechnology
Bioprocessing
Microbial engineering and production
platforms
Enzyme design and industrial scale
fermentation
Polymer science
Animal nutrition science
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
$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. The segment utilizes
biotechnology on an industrial scale to deliver market-driven innovations that improve performance, improve productivity
and reduce environmental footprints for our customers and end users. Revenue and earnings growth is driven by bioactive
solutions, bio-based materials, and biorefining offerings. Our industry-leading enzymes deliver enhanced value in a wide
range of industries. We apply them in carbohydrate processing and the production of biofuels from corn and biomass to
improve yields and process performance. Detergent enzymes permit cold-water washing, which saves energy, while baking
enzymes improve the texture and extend the freshness of baked goods. DuPont is the leading provider of enzymes for animal
feed that improve the sustainability, safety and efficiency of swine and poultry production. Renewably-sourced biomaterials
provide enhanced performance and sustainability for carpeting, fabrics, cosmetics and industrial fluids. Effective January 1,
2016, the Clean Technologies business, previously reported in the companys Safety & Protection segment (now DuPont
Protection Solutions), became part of Industrial Biosciences. Clean Technologies is dedicated to clean air, clean fuel, and
clean water with offerings that help reduce sulfur and other emissions, formulate cleaner fuels, or dispose of liquid waste.
Reclassification of prior year data has been made to reflect the current year classification.
$200
$150
$100
$50
$0
2013
2013
1,631
Net sales
Operating earnings
2015
1,478
232
269
243
14.2%
16.6%
16.4%
107
103
102
98
102
101
3,325
3,241
3,154
48
45
41
84
94
84
By Region
Biomaterials 13%
Household and
Personal Care 16%
Europe** 28%
Latin America 6%
2014
1,624
By Major Industry
Enzymes and
related products 66%
2015
2014
Innovation
Markets Served
Axtra XAP
Multi-enzyme combination to optimize nutrient availability and reduce feed costs in complex, 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; improves digestibility and reduces variability and nutrient excretion in pigs and poultry fed
mixed grain diets
Animal nutrition
Axtra Phy
Rapidly degrades phytate, releasing more nutrients such as phosphorus and amino acids
Animal nutrition
Avizyme
Animal nutrition
Laminex
Brewing
Accellerase
Biofuels production
Spezyme CL
Grain processing
Distillase
Grain processing
Solvamyl
Grain processing
Amylex
Diazyme
Enzyme product for efficient production of fementable sugars and alcohol essential to highly attenuated beer
Alphalase
Multifect PR
Food processing
Excellase, Ultimase
Premium protease and amylase products designed for automatic dishwashing (ADW)
Detergents
Effectenz P
Detergents
Detergents
Effectenz M
New enzyme product for enhanced removal of ice-cream, pudding, and salad dressing stains in laundry applications
Marvellenz, Smartenz
Detergents
Detergents
Excellenz S
New amylase product for enhance cleaning of starch-containing stain in dish washing
Detergents
PrimaGreen Oxy
Textile processing
Textile processing
Soak L Plus
Textile processing
Genencare OSMS
Personal care
POWERmill
Food
Fuel alcohol
Optimash Trehalase
Fermenzyme
Biochemical industry
Thermodex
Carbohydrate processing
Optimax Pro
Carbohydrate processing
Spezyme Powerliq
Carbohydrate processing
Achieves dull aesthetic desired in key apparel segments including outerwear and swimwear
Apparel fiber
Enables carpet manufacturers to meet flammability rating standards for commercial carpet
Carpet fiber
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
Major Markets
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
Haldor Topsoe
UOP (Honeywell)
Outotec
CDTECH (CB&I)
Key Capabilities
Growth Strategies
Food science
Health and nutrition science
Microbiology and fermentation
Extraction and separation technology
Application know-how
Core Markets
Food and beverage
Dietary supplements
Child nutrition
Sports nutrition
Operating Earnings
$400
(dollars in millions)
Matthias Heinzel
President
DuPont Nutrition & Health
DuPont Nutrition & Health is a world leader in the food ingredients industry. We use renewable raw materials to create
a wide range of ingredients that food manufacturers use to provide safer, healthier, affordable and more nutritious food
for consumers. Our ingredients include probiotics, soy protein, fibers, cultures, antioxidants, antimicrobials, emulsifiers,
texturants, enzymes and sweeteners. Our solutions allow food formulations to be healthier, through the reduction of sugar, fat
and salt, or by including products that actively promote digestive or immune system health, such as probiotics or soy protein
made with patent-pending technology delivering critical value for beverage applications in sports performance, weight
management and clinical nutrition. Coupled with our diagnostic solutions, which help to identify the presence of food-borne
pathogens, we also help preserve and protect the integrity of the worlds food supply, and ensure the food we eat is safer. Our
solutions provide protection that keeps foods fresher longer, while helping to reduce food waste and carbon emissions. They
also allow greater cost efficiency by helping to speed up production processes, reduce waste or optimize outputs.
$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, plant and equipment
By Major Industry
Bakery 9%
Nutrition 60%
2013
2014
2015
3,473
286
8.2%
113
271
6,472
7
138
3,529
369
10.5%
122
264
5,942
7
112
3,256
373
11.5%
113
236
5,457
9
120
By Region
Beverages 12%
Confectionary 7%
Dairy 19%
Health 40%
Dietary supplements 8%
Frozen desserts 5%
Meat 11%
Oils and fats 4%
Other 25%
2015
2014
Innovation
Markets Served
Culture strain technology to maximize mouth feel, flavor, and sensory attributes
A potent natural alternative to synthetic preservatives. New solutions to increase freshness and
enhance stability of cured, uncured and raw meat with potential for use in ready-to-eat meals and
side dishes.
A naturally occurring sweetener, xylitol, customized for specific applications for a key customer.
This product formulation will be used as a value-added component of an oral care chewing gum,
designed to protect teeth and provide unique dental benefits.
Specifically selected strains believed to enhance gut health and immune response especially in
children and elderly
A comprehensive range of products for controlled acidification and for emphasizing and
diversifying flavor profiles
Dairy/cheese
Combining protein and fiber by delivering satiety, which is widely seen as a key to effective weight
management. SUPRO Nugget 138 provides the benefits of protein and fiber in a crispy, crunchy
format, and products formulated with SUPRO Nugget 138 offer excellent taste and texture.
Specialty nugget portfolio expansion with new, market focused solutions. All nuggets provide
significant nutritional value through the high inclusion of soy protein with novel texture and color
attributes and related health benefits.
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. Further the product is
based on a new technology platform with lower environmental footprint.
Bakery
Improved stabilization of chocolate dairy and non dairy protein drinks and larger process flexibility
Growth control of yeast and mold for efficient spoilage and pathogen protection
Developed for bread premixes, industrial bread and frozen dough to provide high water absorption,
improve bread yield and secure bread quality from low quality flour
Bakery
Products developed to meet demand for non palm based or sustainable palm based solutions
while still inducing excellent air incorporation, creaminess smoothness, melting properties and
prevention of shrinkage and ice crystal growth. Further, the formats secure dust free handling.
Frozen dessert
New solutions developed to induce particle suspension/stabilization of Asian type milk drinks and
beverages
Major Markets
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
Performance Materials
DuPont Performance Materials provides its customers with innovative polymer science solutions and expert application
development assistance to enhance the performance, to reduce the total system cost and to optimize the sustainability
of their products. Key market segments include: aerospace, automotive, packaging, electrical/electronics, construction,
industrial and consumer. DuPont Performance Materials is a global business with market leadership in all regions of
the world. 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.
Randy Stone
President
DuPont Performance
Materials
Growth Strategies
Operating Earnings
$1,400
Polymer science
Applications development
$1,000
Materials processing
Operational excellence
$1,200
(dollars in millions)
Key Capabilities
$800
$600
$400
$200
Engineering polymers
2013
Core Markets
2014
2015
Net sales
2014
6,059
2015
5,305
Operating earnings
1,249
1,267
1,216
Aerospace
20.3%
20.9%
22.9%
Automotive
102
99
96
Packaging
162
139
125
Electrical/Electronics
(9)
(77)
(8)
Construction
3,334
3,125
2,918
Industrial
318
238
171
Consumer
179
134
159
By Major Industry
Transportation 37%
Packaging 12%
Construction 5%
Engineered parts 7%
Other 3%
Industrial 16%
Consumer 8%
Other 4%
Elastomers 6%
Intermediates 4%
By Region
Latin America 7%
*Includes U.S. and Canada
**Includes Europe, Middle East and Africa
Innovation
Markets Served
Electrical/automotive/consumer
Consumer electronics
New renewably sourced alternative to conventional Hytrel with comparable properties, based on
non-food bio-mass sources
New resins, parts and proprietary designs for automotive jounce bumpers
Automotive
New renewably sourced nylon products based on the castor plant. Multiple reinforced and unreinforced
grades available in two different polymer families.
New polymer platform based on long chain polyamides for extrusion applications
Enhanced temperature and environmental resistance for improved engine efficiency and light weighting
New acetal homopolymer products with very low emissions for automotive interior applications
Automotive
Improved hydrolysis resistance, with added melt stability for better processing
Automotive, electrical/electronics
New polyester resin with improved surface aesthetics for automotive bezels
Automotive
Automotive
New parts providing improved thermal stability and chemical resistance for longer life and more effective sealing
Aerospace/Transportation
New ethylene acrylic elastomers that deliver improved productivity and better high-temperature
performance
Automotive
New resins to improve clarity, puncture resistance, and shrink and sealing characteristics all of which
result in increased shelf life and reduced packaging waste
Surlyn Resin
New grade with crystalline clarity, high gloss, chemical resistance, excellent resistance to scratches and
abrasion, a pleasant touch while being easier to implement
Cosmetics packaging
Elvax Resin
New resin that maintains low-temperature sealing, flexibility and puncture resistance with improved
processing performance
Packaging
New lower cost ethylene copolymer composition which enables more durable and easily processed
asphalt
Paving
Fusabond Modifiers
Resins to bond different materials, to enable recyclability, and to enhance polymer properties
Major Markets
Significant Competitors
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
Protection Solutions
DuPont Protection Solutions is a global leader in creating advanced materials-based products and services that protect
people, the environment, and critical processes, as well as providing sustainable building solutions. The segment satisfies
the growing needs of governments, businesses and consumers globally for solutions that make life safer and healthier. By
combining in-depth technology know-how and customer partnerships encompassed in highly regarded brands such as
DuPont Kevlar, Nomex, Tyvek, and Corian, the segment delivers products and services to a large number of markets
including industrial, construction, consumer, military and law enforcement, automotive, aircraft, and energy. In addition to
serving its existing customer base, DuPont Protection Solutions is investing in the future with growth initiatives such as
solutions for water management in agriculture, protection of perishable and temperature-sensitive food, and pharmaceutical
products. DuPont Sustainable Solutions, previously within the companys Safety & Protection segment (now Protection
Solutions) was comprised of two business units: Clean Technologies, which is now part of the Industrial Biosciences
segment and Consulting Solutions which is now reported in Other. Reclassification of prior year data has been made to
reflect the current year classification.
Key Capabilities
Growth Strategies
Operating Earnings
$700
$600
(dollars in millions)
Rose Lee
President
DuPont Protection
Solutions
$500
$400
$300
$200
$100
$0
2013
2014
2015
Core Markets
Construction
Industrial
Automotive
Consumer
Military and law enforcement
Aerospace and aircraft
Oil and Gas/Energy
2013
3,229
553
2014
3,304
672
2015
3,039
641
17.1%
20.3%
21.1%
77
77
72
178
168
156
21
28
23
2,464
2,339
2,295
83
78
71
101
98
96
By Major Industry
By Region
Industrial 53%
Aramids products 46%
Automotive 6%
Tyvek/Typar 37%
Military and
law enforcement 8%
Consumer 11%
Solid surfaces 17%
Latin America 6%
Construction 22%
*Includes U.S. and Canada
**Includes Europe, Middle East and Africa
Innovation
Markets Served
Kevlar XP
Law enforcement
Kevlar AP
Automotive, Industrial
Nomex MHP
Multi-hazard fabric blends containing Nomex that provide high flame and arc
protection, with excellent comfort
Nomex 910
Nomex XF
Aircraft
DuPont Tensylon
Transportation
Novel color embedding and retention technology for dark color offerings
Commercial construction
Major Markets
Significant Competitors
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
Board of Directors
Edward D. Breen
Lamberto Andreotti
Robert A. Brown
Alexander M. Cutler
Edward D. Breen
Eleuthre I. du Pont
Nicholas C. Fanandakis
Executive Vice President
and Chief Financial Officer
James L. Gallogly
Marillyn A. Hewson
Lois D. Juliber
Benito Cachinero-Snchez
Stacy L. Fox
James C. Collins
Douglas W. Muzyka
Marc Doyle
Richard C. Olson
Lee M. Thomas
Patrick J. Ward
As of March 2016
Copyright 2016 DuPont. The DuPont Oval Logo, DuPont, and all products denoted with or are trademarks or registered trademarks of E. I. du Pont de Nemours and Company or its affiliates. All rights reserved.