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v3.3.1.900

Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Schedule of sales by segment |
(In millions) |  | 2015 |  | 2014 |  | 2013
Total sales: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 2,062.7 |  |  | $ | 2,084.6 |  |  | $ | 2,016.7 |
Flat Rolled Products |  | 1,807.9 |  |  | 2,320.2 |  |  | 2,146.6 |
Total sales |  | 3,870.6 |  |  | 4,404.8 |  |  | 4,163.3 |
Intersegment sales: |  |  |  |  |  |
High Performance Materials & Components |  | 76.8 |  |  | 77.8 |  |  | 71.9 |
Flat Rolled Products |  | 74.2 |  |  | 103.6 |  |  | 47.9 |
Total intersegment sales |  | 151.0 |  |  | 181.4 |  |  | 119.8 |
Sales to external customers: |  |  |  |  |  |
High Performance Materials & Components |  | 1,985.9 |  |  | 2,006.8 |  |  | 1,944.8 |
Flat Rolled Products |  | 1,733.7 |  |  | 2,216.6 |  |  | 2,098.7 |
Total sales to external customers |  | $ | 3,719.6 |  |  | $ | 4,223.4 |  |  | $ | 4,043.5 |
Schedule of operating profit (loss) by segment |
(In millions) |  | 2015 |  | 2014 |  | 2013
Operating profit (loss): |  |  |  |  |  |
High Performance Materials & Components |  | $ | 157.1 |  |  | $ | 234.8 |  |  | $ | 159.6 |
Flat Rolled Products |  | (241.9 | ) |  | (47.0 | ) |  | (147.8 | )
Total operating profit (loss) |  | (84.8 | ) |  | 187.8 |  |  | 11.8 |
LIFO and net realizable value reserves (See Note 4) |  | 0.1 |  |  | 0.3 |  |  | 45.9 |
Corporate expenses |  | (44.7 | ) |  | (49.6 | ) |  | (48.9 | )
Closed company and other expenses |  | (22.1 | ) |  | (28.3 | ) |  | (30.9 | )
Impairment of goodwill (See Note 6) |  | (126.6 | ) |  | — |  |  | — |
Restructuring and other charges |  | (89.7 | ) |  | — |  |  | (67.5 | )
Interest expense, net |  | (110.2 | ) |  | (108.7 | ) |  | (65.2 | )
Income (loss) before income taxes |  | $ | (478.0 | ) |  | $ | 1.5 |  |  | $ | (154.8 | )
Schedule of other financial information by segment | Certain additional information regarding the Company’s business segments is presented below:
(In millions) |  | 2015 |  | 2014 |  | 2013
Depreciation and amortization: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 131.8 |  |  | $ | 124.4 |  |  | $ | 127.4 |
Flat Rolled Products |  | 55.6 |  |  | 49.3 |  |  | 49.5 |
Corporate |  | 2.5 |  |  | 2.9 |  |  | 3.7 |
Total depreciation and amortization |  | 189.9 |  |  | 176.6 |  |  | 180.6 |
Capital expenditures: |  |  |  |  |  |
High Performance Materials & Components |  | 75.8 |  |  | 51.9 |  |  | 39.5 |
Flat Rolled Products |  | 68.0 |  |  | 172.1 |  |  | 568.1 |
Corporate |  | 0.7 |  |  | 1.7 |  |  | 0.2 |
Total capital expenditures |  | 144.5 |  |  | 225.7 |  |  | 607.8 |
Identifiable assets: |  | 2015 |  | 2014 |  | 2013
High Performance Materials & Components |  | 3,355.5 |  |  | 3,555.8 |  |  | 3,452.2 |
Flat Rolled Products |  | 2,189.5 |  |  | 2,601.6 |  |  | 2,320.9 |
Discontinued Operations |  | 0.9 |  |  | 1.8 |  |  | 9.8 |
Corporate: |  |  |  |  |  |
Prepaid pension cost |  | — |  |  | — |  |  | 5.1 |
Cash and cash equivalents and other |  | 205.8 |  |  | 412.5 |  |  | 1,097.0 |
Total assets |  | $ | 5,751.7 |  |  | $ | 6,571.7 |  |  | $ | 6,885.0 |
Schedule of revenue by country | Geographic information for external sales based on country of destination, and assets, are as follows:
($ in millions) |  | 2015 |  | Percent of total |  | 2014 |  | Percent of total |  | 2013 |  | Percent of total
External sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,142.6 |  |  | 58 | % |  | $ | 2,615.9 |  |  | 62 | % |  | $ | 2,458.4 |  |  | 61 | %
China |  | 246.9 |  |  | 7 | % |  | 249.6 |  |  | 6 | % |  | 237.7 |  |  | 6 | %
Japan |  | 202.3 |  |  | 5 | % |  | 89.3 |  |  | 2 | % |  | 124.7 |  |  | 3 | %
United Kingdom |  | 198.2 |  |  | 5 | % |  | 228.4 |  |  | 5 | % |  | 251.5 |  |  | 6 | %
Germany |  | 193.3 |  |  | 5 | % |  | 207.7 |  |  | 5 | % |  | 215.4 |  |  | 5 | %
Canada |  | 154.5 |  |  | 4 | % |  | 147.0 |  |  | 3 | % |  | 141.0 |  |  | 4 | %
France |  | 153.3 |  |  | 4 | % |  | 168.1 |  |  | 4 | % |  | 152.8 |  |  | 4 | %
Mexico |  | 78.4 |  |  | 2 | % |  | 76.5 |  |  | 2 | % |  | 54.9 |  |  | 1 | %
Italy |  | 65.0 |  |  | 2 | % |  | 160.7 |  |  | 4 | % |  | 132.3 |  |  | 3 | %
Other |  | 285.1 |  |  | 8 | % |  | 280.2 |  |  | 7 | % |  | 274.8 |  |  | 7 | %
Total External Sales |  | $ | 3,719.6 |  |  | 100 | % |  | $ | 4,223.4 |  |  | 100 | % |  | $ | 4,043.5 |  |  | 100 | %
Schedule of company assets by country |
($ in millions) |  | 2015 |  | Percent of total |  | 2014 |  | Percent of total |  | 2013 |  | Percent of total
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 5,073.1 |  |  | 88 | % |  | $ | 5,868.7 |  |  | 90 | % |  | $ | 6,131.9 |  |  | 89 | %
China |  | 260.0 |  |  | 5 | % |  | 280.5 |  |  | 4 | % |  | 258.1 |  |  | 4 | %
United Kingdom |  | 154.3 |  |  | 3 | % |  | 196.3 |  |  | 3 | % |  | 208.0 |  |  | 3 | %
Luxembourg (a) |  | 124.4 |  |  | 2 | % |  | 81.8 |  |  | 1 | % |  | 145.9 |  |  | 2 | %
Other |  | 139.9 |  |  | 2 | % |  | 144.4 |  |  | 2 | % |  | 141.1 |  |  | 2 | %
Total Assets |  | $ | 5,751.7 |  |  | 100 | % |  | $ | 6,571.7 |  |  | 100 | % |  | $ | 6,885.0 |  |  | 100 | %
(a) | Comprises assets held by the Company’s European Treasury Center operation.

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