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Business Segments (Tables)
 12 Months Ended
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.