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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment Following is certain financial information with respect to the Company’s business segments for the periods indicated (in millions):
 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Total sales:
 
 
 
 
 
 
 
High Performance Materials & Components
$
673.8

 
$
611.7

 
$
1,297.7

 
$
1,191.1

Flat Rolled Products
461.8

 
439.3

 
889.0

 
878.4

 
1,135.6

 
1,051.0

 
2,186.7

 
2,069.5

Intersegment sales:
 
 
 
 
 
 
 
High Performance Materials & Components
31.4

 
19.8

 
54.1

 
38.5

Flat Rolled Products
23.8

 
21.7

 
47.4

 
42.5

 
55.2

 
41.5

 
101.5

 
81.0

Sales to external customers:
 
 
 
 
 
 
 
High Performance Materials & Components
642.4

 
591.9

 
1,243.6

 
1,152.6

Flat Rolled Products
438.0

 
417.6

 
841.6

 
835.9

 
$
1,080.4

 
$
1,009.5

 
$
2,085.2

 
$
1,988.5



 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Operating profit:
 
 
 
 
 
 
 
High Performance Materials & Components
$
98.9

 
$
97.9

 
$
171.5

 
$
183.4

Flat Rolled Products
15.6

 
26.1

 
4.7

 
37.0

Total operating profit
114.5

 
124.0

 
176.2

 
220.4

LIFO and net realizable value reserves
—

 
—

 
(0.1
)
 
—

Corporate expenses
(18.0
)
 
(12.9
)
 
(34.6
)
 
(26.1
)
Closed operations and other expenses
(7.9
)
 
(5.1
)
 
(11.0
)
 
(13.2
)
Gain on joint venture deconsolidation (See Note 6)
—

 
—

 
—

 
15.9

Gain on asset sales, net
21.6

 
—

 
21.6

 
—

Interest expense, net
(25.9
)
 
(25.5
)
 
(50.7
)
 
(51.0
)
Income before income taxes
$
84.3

 
$
80.5

 
$
101.4

 
$
146.0