Item 8.01 Other Events
This Current Report on Form 8-K ("Form 8-K") is being filed to reflect certain
retrospective revisions for discontinued operations and changes in reportable
segments that have been made to the consolidated financial statements of
On
The ChampionX business met the criteria to be reported as discontinued operations because it was a strategic shift in business that had a major effect on the Company's operations and financial results. Therefore, the Company is reporting the historical results of ChampionX, including the results of operations and cash flows as discontinued operations, and related assets and liabilities were retrospectively reclassified as assets and liabilities held for sale for all periods presented herein. Unless otherwise noted, the accompanying Notes to the Consolidated Financial Statements have all been revised to reflect the effect of the separation of ChampionX and have been revised accordingly to reflect continuing operations only.
Effective in the first quarter of 2020, and in anticipation of the separation of
the ChampionX business, the Company created the Upstream and Downstream
operating segments from the Global Energy operating segment, which was also a
reportable segment. The Company eliminated the Global Energy reportable segment
and created the Downstream operating segment and the Upstream operating segment,
which are reported in the
In order to preserve the nature and character of the disclosures set forth in
Ecolab's 2019 Form 10-K, the items included in this Form 8-K have been updated
solely for matters relating specifically to the ChampionX business as
discontinued operations and realignment of Ecolab's reportable segments, as
described above. This Form 8-K does not reflect other events occurring after the
filing date of the 2019 Form 10-K. This Form 8-K should be read in conjunction
with the 2019 Form 10-K and
Item 9.01 of this Current Report on Form 8-K revises certain information contained in Ecolab's 2019 Form 10-K to reflect discontinued operations and the changes in reportable segments. In particular, Exhibit 99.1 contains a revised description of the Ecolab's "Business", "Risk Factors", "Properties", "Selected Financial Data", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Financial Statements and Supplementary Data".
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Item 9.01. Financial Statements and Exhibits
See the Exhibit Index set forth below for a list of exhibits included with this Form 8-K. Exhibit No. Description Method Of Filing (23.1) Consent of Filed herewith electronically. PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm . (99.1) Item 1: Business; Item 1A: Risk Filed herewith electronically. Factors; Item 2: Properties; Item 6: Selected Financial Data; Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 8: Financial Statements and Supplementary Data . (101.SCH) Inline XBRL Taxonomy Extension Filed herewith electronically. Schema. (101.CAL) Inline XBRL Taxonomy Extension Filed herewith electronically. Calculation Linkbase. (101.DEF) Inline XBRL Taxonomy Extension Filed herewith electronically. Definition Linkbase. (101.LAB) Inline XBRL Taxonomy Extension Filed herewith electronically. Label Linkbase. (101.PRE) Inline XBRL Taxonomy Extension Filed herewith electronically. Presentation Linkbase. (104) Cover Page Interactive Data File. Embedded within the Inline XBRL document. 3
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