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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Schedule of sales by segment |
(In millions) |  | 2017 |  | 2016 |  | 2015
Total sales: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 2,127.0 |  |  | $ | 1,979.5 |  |  | $ | 2,062.7 |
Flat Rolled Products |  | 1,527.5 |  |  | 1,260.8 |  |  | 1,807.9 |
Total sales |  | 3,654.5 |  |  | 3,240.3 |  |  | 3,870.6 |
Intersegment sales: |  |  |  |  |  |
High Performance Materials & Components |  | 59.6 |  |  | 49.1 |  |  | 76.8 |
Flat Rolled Products |  | 69.8 |  |  | 56.6 |  |  | 74.2 |
Total intersegment sales |  | 129.4 |  |  | 105.7 |  |  | 151.0 |
Sales to external customers: |  |  |  |  |  |
High Performance Materials & Components |  | 2,067.4 |  |  | 1,930.4 |  |  | 1,985.9 |
Flat Rolled Products |  | 1,457.7 |  |  | 1,204.2 |  |  | 1,733.7 |
Total sales to external customers |  | $ | 3,525.1 |  |  | $ | 3,134.6 |  |  | $ | 3,719.6 |
Schedule of operating profit (loss) by segment |
(In millions) |  | 2017 |  | 2016 |  | 2015
Operating profit (loss): |  |  |  |  |  |
High Performance Materials & Components |  | $ | 246.4 |  |  | $ | 168.7 |  |  | $ | 157.1 |
Flat Rolled Products |  | 37.0 |  |  | (163.0 | ) |  | (241.9 | )
Total operating profit (loss) |  | 283.4 |  |  | 5.7 |  |  | (84.8 | )
LIFO and net realizable value reserves (See Note 2) |  | (0.2 | ) |  | 0.8 |  |  | 0.1 |
Corporate expenses |  | (50.5 | ) |  | (43.4 | ) |  | (44.7 | )
Closed operations and other expenses |  | (34.0 | ) |  | (34.6 | ) |  | (22.1 | )
Restructuring and other charges (See Note 16) |  | — |  |  | (538.5 | ) |  | (89.7 | )
Impairment of goodwill (See Note 4) |  | (114.4 | ) |  | — |  |  | (126.6 | )
Debt extinguishment charge (See Note 8) |  | (37.0 | ) |  | — |  |  | — |
Interest expense, net |  | (133.8 | ) |  | (124.0 | ) |  | (110.2 | )
Loss before income taxes |  | $ | (86.5 | ) |  | $ | (734.0 | ) |  | $ | (478.0 | )
Schedule of other financial information by segment | Certain additional information regarding the Company’s business segments is presented below:
(In millions) |  | 2017 |  | 2016 |  | 2015
Depreciation and amortization: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 109.3 |  |  | $ | 118.4 |  |  | $ | 131.8 |
Flat Rolled Products |  | 45.6 |  |  | 48.8 |  |  | 55.6 |
Corporate |  | 5.9 |  |  | 3.1 |  |  | 2.5 |
Total depreciation and amortization |  | $ | 160.8 |  |  | $ | 170.3 |  |  | $ | 189.9 |
Capital expenditures: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 62.7 |  |  | $ | 89.9 |  |  | $ | 75.8 |
Flat Rolled Products |  | 59.1 |  |  | 111.8 |  |  | 68.0 |
Corporate |  | 0.9 |  |  | 0.5 |  |  | 0.7 |
Total capital expenditures |  | $ | 122.7 |  |  | $ | 202.2 |  |  | $ | 144.5 |
Identifiable assets: |  | 2017 |  | 2016 |  | 2015
High Performance Materials & Components |  | $ | 2,662.3 |  |  | $ | 2,744.3 |  |  | $ | 3,355.5 |
Flat Rolled Products |  | 2,218.4 |  |  | 2,056.4 |  |  | 2,189.5 |
Discontinued Operations |  | 0.2 |  |  | 0.4 |  |  | 0.9 |
Corporate: |  |  |  |  |  |
Deferred Taxes |  | 7.6 |  |  | 12.1 |  |  | — |
Cash and cash equivalents and other |  | 296.9 |  |  | 356.8 |  |  | 205.8 |
Total assets |  | $ | 5,185.4 |  |  | $ | 5,170.0 |  |  | $ | 5,751.7 |
Schedule of revenue by country |
($ in millions) |  | 2017 |  | Percent of total |  | 2016 |  | Percent of total |  | 2015 |  | Percent of total
External sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,070.6 |  |  | 59 | % |  | $ | 1,857.5 |  |  | 59 | % |  | $ | 2,142.6 |  |  | 58 | %
China |  | 265.6 |  |  | 7 | % |  | 214.1 |  |  | 7 | % |  | 246.9 |  |  | 7 | %
United Kingdom |  | 231.6 |  |  | 6 | % |  | 183.8 |  |  | 6 | % |  | 198.2 |  |  | 5 | %
Germany |  | 217.1 |  |  | 6 | % |  | 177.7 |  |  | 6 | % |  | 193.3 |  |  | 5 | %
France |  | 165.6 |  |  | 5 | % |  | 142.6 |  |  | 4 | % |  | 153.3 |  |  | 4 | %
Japan |  | 131.7 |  |  | 4 | % |  | 151.9 |  |  | 5 | % |  | 202.3 |  |  | 5 | %
Canada |  | 99.8 |  |  | 3 | % |  | 97.6 |  |  | 3 | % |  | 154.5 |  |  | 4 | %
Mexico |  | 96.1 |  |  | 3 | % |  | 89.7 |  |  | 3 | % |  | 78.4 |  |  | 2 | %
Other |  | 247.0 |  |  | 7 | % |  | 219.7 |  |  | 7 | % |  | 350.1 |  |  | 10 | %
Total External Sales |  | $ | 3,525.1 |  |  | 100 | % |  | $ | 3,134.6 |  |  | 100 | % |  | $ | 3,719.6 |  |  | 100 | %
Schedule of company assets by country |
($ in millions) |  | 2017 |  | Percent of total |  | 2016 |  | Percent of total |  | 2015 |  | Percent of total
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,547.7 |  |  | 88 | % |  | $ | 4,591.5 |  |  | 89 | % |  | $ | 5,073.1 |  |  | 88 | %
China |  | 276.0 |  |  | 5 | % |  | 249.3 |  |  | 5 | % |  | 260.0 |  |  | 5 | %
United Kingdom |  | 122.7 |  |  | 2 | % |  | 122.8 |  |  | 2 | % |  | 154.3 |  |  | 3 | %
Other |  | 239.0 |  |  | 5 | % |  | 206.4 |  |  | 4 | % |  | 264.3 |  |  | 4 | %
Total Assets |  | $ | 5,185.4 |  |  | 100 | % |  | $ | 5,170.0 |  |  | 100 | % |  | $ | 5,751.7 |  |  | 100 | %

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