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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of sales by segment
(In millions)
 
2014
 
2013
 
2012
Total sales:
 
 
 
 
 
 
High Performance Materials & Components
 
$
2,084.6

 
$
2,016.7

 
$
2,398.1

Flat Rolled Products
 
2,320.2

 
2,146.6

 
2,398.9

Total sales
 
4,404.8

 
4,163.3

 
4,797.0

Intersegment sales:
 
 
 
 
 
 
High Performance Materials & Components
 
77.8

 
71.9

 
84.1

Flat Rolled Products
 
103.6

 
47.9

 
46.0

Total intersegment sales
 
181.4

 
119.8

 
130.1

Sales to external customers:
 
 
 
 
 
 
High Performance Materials & Components
 
2,006.8

 
1,944.8

 
2,314.0

Flat Rolled Products
 
2,216.6

 
2,098.7

 
2,352.9

Total sales to external customers
 
$
4,223.4

 
$
4,043.5

 
$
4,666.9
Schedule of operating profit (loss) by segment
(In millions)
 
2014
 
2013
 
2012
Operating profit (loss):
 
 
 
 
 
 
High Performance Materials & Components
 
$
289.6

 
$
209.1

 
$
385.4

Flat Rolled Products
 
(43.3
)
 
(44.7
)
 
127.8

Total operating profit
 
246.3

 
164.4

 
513.2

Corporate expenses
 
(44.2
)
 
(43.0
)
 
(68.4
)
Interest expense, net
 
(108.7
)
 
(65.2
)
 
(71.6
)
Restructuring costs
 
—

 
(67.5
)
 
—

Closed company and other expenses
 
(21.2
)
 
(14.2
)
 
(18.5
)
Retirement benefit expense
 
(70.7
)
 
(129.3
)
 
(122.4
)
Income (loss) before income taxes
 
$
1.5

 
$
(154.8
)
 
$
232.3
Schedule of other financial information by segment
Certain additional information regarding the Company’s business segments is presented below:
(In millions)
 
2014
 
2013
 
2012
Depreciation and amortization:
 
 
 
 
 
 
High Performance Materials & Components
 
$
124.4

 
$
127.4

 
$
130.0

Flat Rolled Products
 
49.3

 
49.5

 
49.7

Corporate
 
2.9

 
3.7

 
1.7

Total depreciation and amortization
 
176.6

 
180.6

 
181.4

Capital expenditures:
 
 
 
 
 
 
High Performance Materials & Components
 
51.9

 
39.5

 
59.9

Flat Rolled Products
 
172.1

 
568.1

 
311.3

Corporate
 
1.7

 
0.2

 
1.3

Total capital expenditures
 
225.7

 
607.8

 
372.5

Identifiable assets:
 
2014
 
2013
 
2012
High Performance Materials & Components
 
3,555.8

 
3,452.2

 
3,720.7

Flat Rolled Products
 
2,601.6

 
2,320.9

 
1,857.0

Discontinued Operations
 
1.8

 
9.8

 
214.0

Corporate:
 
 
 
 
 
 
Prepaid pension cost
 
—

 
5.1

 
—

Deferred taxes
 
—

 
—

 
71.5

Cash and cash equivalents and other
 
423.4

 
1,110.5

 
384.6

Total assets
 
$
6,582.6

 
$
6,898.5

 
$
6,247.8
Schedule of revenue by country
Geographic information for external sales based on country of destination, and assets, are as follows:
($ in millions)
 
2014
 
Percent
of total
 
2013
 
Percent
of total
 
2012
 
Percent
of total
External sales:
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
$
2,615.9

 
62
%
 
$
2,458.4

 
61
%
 
$
2,961.1

 
63
%
China
 
249.6

 
6
%
 
237.7

 
6
%
 
255.4

 
5
%
United Kingdom
 
228.4

 
5
%
 
251.5

 
6
%
 
303.9

 
7
%
Germany
 
207.7

 
5
%
 
215.4

 
5
%
 
256.0

 
6
%
France
 
168.1

 
4
%
 
152.8

 
4
%
 
157.0

 
3
%
Italy
 
160.7

 
4
%
 
132.3

 
3
%
 
136.1

 
3
%
Canada
 
147.0

 
3
%
 
141.0

 
4
%
 
134.9

 
3
%
Japan
 
89.3

 
2
%
 
124.7

 
3
%
 
93.7

 
2
%
Mexico
 
76.5

 
2
%
 
54.9

 
1
%
 
49.3

 
1
%
Other
 
280.2

 
7
%
 
274.8

 
7
%
 
319.5

 
7
%
Total External Sales
 
$
4,223.4

 
100
%
 
$
4,043.5

 
100
%
 
$
4,666.9

 
100
%
Schedule of company assets by country
($ in millions)
 
2014
 
Percent
of total
 
2013
 
Percent
of total
 
2012
 
Percent
of total
Total assets:
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
$
5,879.6

 
90
%
 
$
6,145.4

 
89
%
 
$
5,505.0

 
88
%
China
 
280.5

 
4
%
 
258.1

 
4
%
 
276.2

 
4
%
United Kingdom
 
196.3

 
3
%
 
208.0

 
3
%
 
239.2

 
4
%
Luxembourg (a)
 
81.8

 
1
%
 
145.9

 
2
%
 
48.3

 
1
%
Other
 
144.4

 
2
%
 
141.1

 
2
%
 
179.1

 
3
%
Total Assets
 
$
6,582.6

 
100
%
 
$
6,898.5

 
100
%
 
$
6,247.8

 
100
%
(a)
Comprises assets held by the Company’s European Treasury Center operation.