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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Schedule of sales by segment |
(in millions) |  | 2013 |  | 2012 |  | 2011
Total sales: |  |  |  |  |  |
High Performance Metals |  | $ | 2,016.7 |  |  | $ | 2,398.1 |  |  | $ | 2,186.1 |
Flat-Rolled Products |  | 2,146.6 |  |  | 2,398.9 |  |  | 2,789.1 |
Total sales |  | 4,163.3 |  |  | 4,797.0 |  |  | 4,975.2 |
Intersegment sales: |  |  |  |  |  |
High Performance Metals |  | 71.9 |  |  | 84.1 |  |  | 105.1 |
Flat-Rolled Products |  | 47.9 |  |  | 46.0 |  |  | 57.8 |
Total intersegment sales |  | 119.8 |  |  | 130.1 |  |  | 162.9 |
Sales to external customers: |  |  |  |  |  |
High Performance Metals |  | 1,944.8 |  |  | 2,314.0 |  |  | 2,081.0 |
Flat-Rolled Products |  | 2,098.7 |  |  | 2,352.9 |  |  | 2,731.3 |
Total sales to external customers |  | $ | 4,043.5 |  |  | $ | 4,666.9 |  |  | $ | 4,812.3 |
Schedule of operating profit (loss) by segment |
(in millions) |  | 2013 |  | 2012 |  | 2011
Operating profit (loss): |  |  |  |  |  |
High Performance Metals |  | $ | 209.1 |  |  | $ | 385.4 |  |  | $ | 377.1 |
Flat-Rolled Products |  | (44.7 | ) |  | 127.8 |  |  | 217.6 |
Total operating profit |  | 164.4 |  |  | 513.2 |  |  | 594.7 |
Corporate expenses |  | (43.0 | ) |  | (68.4 | ) |  | (92.5 | )
Interest expense, net |  | (65.2 | ) |  | (71.6 | ) |  | (92.3 | )
Restructuring costs |  | (67.5 | ) |  | — |  |  | — |
Closed company and other expenses |  | (14.2 | ) |  | (18.5 | ) |  | (9.9 | )
Retirement benefit expense |  | (129.3 | ) |  | (122.4 | ) |  | (77.9 | )
Income (loss) before income taxes |  | $ | (154.8 | ) |  | $ | 232.3 |  |  | $ | 322.1 |
Schedule of other financial information by segment | Certain additional information regarding the Company’s business segments is presented below:
(in millions) |  | 2013 |  | 2012 |  | 2011
Depreciation and amortization: |  |  |  |  |  |
High Performance Metals |  | $ | 127.4 |  |  | $ | 130.0 |  |  | $ | 111.8 |
Flat-Rolled Products |  | 49.5 |  |  | 49.7 |  |  | 49.7 |
Corporate |  | 3.7 |  |  | 1.7 |  |  | 1.2 |
Total depreciation and amortization |  | 180.6 |  |  | 181.4 |  |  | 162.7 |
Capital expenditures: |  |  |  |  |  |
High Performance Metals |  | 39.5 |  |  | 59.9 |  |  | 85.3 |
Flat-Rolled Products |  | 568.1 |  |  | 311.3 |  |  | 176.0 |
Corporate |  | 0.2 |  |  | 1.3 |  |  | 3.7 |
Total capital expenditures |  | 607.8 |  |  | 372.5 |  |  | 265.0 |
Identifiable assets: |  | 2013 |  | 2012 |  | 2011
High Performance Metals |  | 3,452.2 |  |  | 3,720.7 |  |  | 3,712.5 |
Flat-Rolled Products |  | 2,320.9 |  |  | 1,857.0 |  |  | 1,610.6 |
Discontinued Operations |  | 9.8 |  |  | 214.0 |  |  | 229.5 |
Corporate: |  |  |  |  |  |
Prepaid pension cost |  | 5.1 |  |  | — |  |  | — |
Deferred taxes |  | — |  |  | 71.5 |  |  | — |
Cash and cash equivalents and other |  | 1,110.5 |  |  | 384.6 |  |  | 494.3 |
Total assets |  | $ | 6,898.5 |  |  | $ | 6,247.8 |  |  | $ | 6,046.9 |
Schedule of revenue by country | Geographic information for external sales based on country of destination, and assets, are as follows:
($ in millions) |  | 2013 |  | Percent of total |  | 2012 |  | Percent of total |  | 2011 |  | Percent of total
External sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,458.4 |  |  | 61 | % |  | $ | 2,961.1 |  |  | 63 | % |  | $ | 3,102.9 |  |  | 64 | %
United Kingdom |  | 251.5 |  |  | 6 | % |  | 303.9 |  |  | 7 | % |  | 233.4 |  |  | 5 | %
China |  | 237.7 |  |  | 6 | % |  | 255.4 |  |  | 5 | % |  | 260.1 |  |  | 5 | %
Germany |  | 215.4 |  |  | 5 | % |  | 256.0 |  |  | 6 | % |  | 242.4 |  |  | 5 | %
France |  | 152.8 |  |  | 4 | % |  | 157.0 |  |  | 3 | % |  | 168.1 |  |  | 3 | %
Canada |  | 141.0 |  |  | 4 | % |  | 134.9 |  |  | 3 | % |  | 126.3 |  |  | 3 | %
Italy |  | 132.3 |  |  | 3 | % |  | 136.1 |  |  | 3 | % |  | 137.3 |  |  | 3 | %
Japan |  | 124.7 |  |  | 3 | % |  | 93.7 |  |  | 2 | % |  | 168.5 |  |  | 4 | %
Mexico |  | 54.9 |  |  | 1 | % |  | 49.3 |  |  | 1 | % |  | 61.7 |  |  | 1 | %
Other |  | 274.8 |  |  | 7 | % |  | 319.5 |  |  | 7 | % |  | 311.6 |  |  | 7 | %
Total External Sales |  | $ | 4,043.5 |  |  | 100 | % |  | $ | 4,666.9 |  |  | 100 | % |  | $ | 4,812.3 |  |  | 100 | %
Schedule of company assets by country |
($ in millions) |  | 2013 |  | Percent of total |  | 2012 |  | Percent of total |  | 2011 |  | Percent of total
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 6,145.4 |  |  | 89 | % |  | $ | 5,505.0 |  |  | 88 | % |  | $ | 5,271.7 |  |  | 87 | %
China |  | 258.1 |  |  | 4 | % |  | 276.2 |  |  | 4 | % |  | 266.6 |  |  | 5 | %
United Kingdom |  | 208.0 |  |  | 3 | % |  | 239.2 |  |  | 4 | % |  | 233.0 |  |  | 4 | %
Luxembourg (a) |  | 145.9 |  |  | 2 | % |  | 48.3 |  |  | 1 | % |  | 86.3 |  |  | 1 | %
Other |  | 141.1 |  |  | 2 | % |  | 179.1 |  |  | 3 | % |  | 189.3 |  |  | 3 | %
Total Assets |  | $ | 6,898.5 |  |  | 100 | % |  | $ | 6,247.8 |  |  | 100 | % |  | $ | 6,046.9 |  |  | 100 | %
(a) | Comprises assets held by the Company’s European Treasury Center operation.

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