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Solutia Reports First Quarter 2009 Results
Date:5/6/2009

perations: (Income) Loss from discontinued operations, net of tax 155 14 (204) Depreciation and amortization 25 9 11 Revaluation of assets and liabilities, net of tax -- -- (1,383) Discharge of claims and liabilities, net of tax -- -- 100 Other reorganization items, net -- -- 52 Pension obligation related expense greater than (less than) contributions (5) 1 (18) Other postretirement benefit obligation related expense less than contributions (2) (1) (6) Amortization of deferred debt issuance costs 5 1 1 Deferred income taxes (14) (1) 5 Other charges (gains) including restructuring expenses (1) 23 (2) Changes in assets and liabilities: Income taxes payable (9) 4 5 Trade receivables 33 (17) (24) Inventories 31 (15) (34) Accounts payable (42) (8) 31 Environmental remediation liabilities (5) (1) (1) Restricted cash for environmental remediation and other legacy payments 5 -- -- Other assets and liabilities 13 1 (3) -- --- --- Cash Provide
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