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Business Segments (Tables)
 12 Months Ended
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.