(b) FX effect is the estimated impact on “as reported” net sales due to changes in foreign currency exchange rates.

Hexcel Corporation and Subsidiaries
Segment Information   (Unaudited) Table B
(In millions)     Composite Materials (b)     Engineered Products     Corporate & Other (a)(b)     Total
Fourth Quarter 2011                        
Net sales to external customers   $ 279.0   $ 76.3   $   $ 355.3
Intersegment sales     11.4       0.8       (12.2 )      
Total sales 290.4 77.1 (12.2 ) 355.3
Operating income (loss) 51.1 11.0 (12.7 ) 49.4
% Operating margin 17.6 % 14.3 % 13.9 %
 
Depreciation and amortization 12.6 1.1 13.7
Stock-based compensation expense 0.9 0.2 1.5 2.6
Accrual based additions to capital expenditures     77.4       2.3       0.5       80.2  
Fourth Quarter 2010                  
Net sales to external customers $ 240.6 $ 70.4 $ $ 311.0
Intersegment sales     8.5       0.3       (8.8 )      
Total sales 249.1 70.7 (8.8 ) 311.0
 
Operating income (loss) (b) 32.0 11.8 (12.8 ) 31.0
% Operating margin 12.8 % 16.7 % 10.0 %
 
Depreciation and amortization 12.9 1.0 13.9
Stock-based compensation expense 0.7 0.1 1.1 1.9
Accrual based additions to capital expenditures     34.7       1.9             36.6  
                                 
Full Year 2011                        
Net sales to external customers $ 1,074.5 $ 317.9 $ $ 1,392.4
Intersegment sales     53.8       1.6       (55.4 )      
Total sales 1,128.3 319.5 (55.4 ) 1,392.4
 
Operating income (loss) (b) 194.5 51.6 (54.1 ) 192.0
% Operating margin 17.2 % 16.2 % 13.8 %
 
Other operating (income) expense (5.7 ) 2.7 (3.0 )
Depreciation and amortization 50.8 4.3 0.2 55.3
Stock-based compensation expense 4.3 1.1 8.5 13.9
Accrual based additions to capital expenditures     176.6       6.9       1.0       184.5  
Full Year 2010                  
Net sales to external customers $ 904.5 $ 269.1 $ $ 1,173.6
Intersegment sales     38.7       0.6       (39.3 )      
Total sales 943.2 269.7 (39.3 ) 1,173.6
 
Operating income (loss) (b) 139.6 45.7 (55.5 ) 129.8
% Operating margin 14.8 % 16.9 % 11.1 %
 
Other operating expense 3.5 3.5
Depreciation and amortization 49.1 3.9 0.2 53.2
Stock-based compensation expense 4.2 0.7 7.5 12.4
Accrual based additions to capital expenditures     57.3       3.3       0.1       60.7  

(a) We do not allocate corporate expenses to the operating segments.

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