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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Summary of Significant Accounting Policies |
Schedule of estimated useful lives of property, plant and equipment |
Buildings |  | 311/2 years
Machinery and equipment |  | 3 - 20 years
Schedule of sales, by products or services | Although a variety of products or services are sold at our various locations, in total, sales were comprised of the following in each of the three years ended December 31:
|  | 2012 |  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | --- | --- | ---
Carbon steel |  |  | 51 | % |  | 53 | % |  | 52 | %
Aluminum |  |  | 15 |  |  | 15 |  |  | 18 |
Stainless steel |  |  | 15 |  |  | 15 |  |  | 16 |
Alloy steel |  |  | 12 |  |  | 10 |  |  | 8 |
Toll processing |  |  | 2 |  |  | 2 |  |  | 2 |
Other |  |  | 5 |  |  | 5 |  |  | 4 |
Total |  |  | 100 | % |  | 100 | % |  | 100 | %
Summary of the Company's operations by geographic location based on where sales originated from |
|  | United States |  | Foreign Countries |  | Total |
--- | --- | --- | --- | --- | --- | --- | ---
|  | (in millions) |
Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,861.3 |  | $ | 581.0 |  | $ | 8,442.3 |
Long-lived assets |  |  | 3,270.9 |  |  | 309.4 |  |  | 3,580.3 |
Year Ended December 31, 2011 |  |  |  |  |  |  |  |  |  |
Net sales |  |  | 7,647.4 |  |  | 487.3 |  |  | 8,134.7 |
Long-lived assets |  |  | 3,035.1 |  |  | 296.1 |  |  | 3,331.2 |
Year Ended December 31, 2010 |  |  |  |  |  |  |  |  |  |
Net sales |  |  | 6,023.6 |  |  | 289.2 |  |  | 6,312.8 |
Long-lived assets |  |  | 2,807.8 |  |  | 160.2 |  |  | 2,968.0 |

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- Definition Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 37 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 5 -Section 03 -Paragraph 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 38 -Subparagraph b(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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