Chemtura Corp (fka CHMT)

[BBalls-N-CowTown]

Question about the "2.3 Billion Dollars" valuation in wholly owned foreign subsidiaries. I was looking at the US Dollar Index and see that it has declined from 89 in March to 77 today. If one uses the index as a simplified means of understanding the impact of exchange rates, the dollar value of the foreign subsidiaries would have gone up by 16%, or if added to the 2.3 billion, about $350 million in appreciation due to exchange rates. Does anybody know where the $2.3 billion came from and what time it is referenced to?