Ashland Ashland is committed to a zero-incident culture
Trade Working Capital
Operating Segment Trade Working
Capital % of Annualized Sales*
Monthly Actual (%)
2006
2007
2008
Jan
16.2
16.2
Feb
16.8
15.9
Mar
15.3
14.3
Apr
15.9
May
15.5
Jun
15.3
Jul
16.0
Aug
15.3
Sep
15.3
Oct
13.6
15.2
Nov
14.6
15.8
Dec
15.5
16.6
 



 *NOTE:  Selected Working Capital Components - March 31, 2008
                 
 Unaudited Data                
 ($ in millions)                
   
Operating Segments
(a)
Other Components
Total 
 Accounts receivable (b)  
1,412
86
1,498 
 Inventories (c)   
716
(171)
545 
 (Less) Trade and other payables   
(947)
 
 
(182)
 
(1,129) 
 Net  
1,181
 
 
(267)
 
914 
                 
 (a) Represents amounts considered in 2008 internal performance metrics applicable to most employees.  
 (b) Accounts receivable is shown net of allowances for doubtful accounts.  
 (c) Operating segment amount excludes LIFO reserve, which is presented under Other Components.