Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Jeff Zekauskas of JPMorgan. Please proceed.
Jeff Zekauskas - JPMorgan
Hi, Good morning.
Mark Rohr
Good morning, Jeff.
Rich Diemer
Good morning, Jeff.
Jeff Zekauskas - JPMorgan
Your shareholders equity on a sequential basis went from $1.254 billion to $10.65 or down $189 million. Why is that?
Rich Diemer
Jeff, this is Rich. That is principally due to a number of things. Number one would be, the FX impact on the where the translational adjustment goes through equity. It also is involved with the fact that our pension funding is significantly different this year versus last year and that is another component. So, those two things are the principle item that was pushing that down. Obviously, we also paid a dividend in the fourth quarter, and things like that. So, yes, the normal impacts but the one-time unusual items that resulted in that decrease of the items that I mentioned.
Jeff Zekauskas - JPMorgan
So, do your pension costs go up next year and by what amount?
Rich Diemer
Yes. Our pension costs are going to be up probably in the $5 million to $6 million range next year versus what we thought they would be as we were planning the year out, and then part of that is due to the discount rate that we are using at the end of the year and part of that obviously has to do with the change in the investments, one year versus another. We smooth that over a period a time, so you do not get all that impact at one time, but certainly there is an impact that goes through to pension expense.
Jeff Zekauskas - JPMorgan
So you said that it was $5 million to $6 million more than what you had expected.
Rich Diemer
That is correct.
Jeff Zekauskas - JPMorgan
So what is the net amount that you expected to be up? I do not know what your previous pension expectations were?
Rich Diemer
Well, it is probably about $5 million to $6 million year-over-year going to be in increase.
Jeff Zekauskas - JPMorgan
Okay. AND second, or lastly in Polymer Additives, I think John said that all of your units were currently down. Can you talk about what the accounting impacts in that are, I know, but this morning DuPont was expensing through its income statement more costs because its utilization had fallen to I think below 60%. Are there any of those effects on you and how do you run an operation where all your units are down?
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