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Business Segments (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Total sales:
 
 
 
 
 
 
 
High Performance Materials & Components
$
577.3

 
$
615.2

 
$
1,875.0

 
$
1,806.3

Flat Rolled Products
492.1

 
452.5

 
1,381.1

 
1,330.9

 
1,069.4

 
1,067.7

 
3,256.1

 
3,137.2

Intersegment sales:
 
 
 
 
 
 
 
High Performance Materials & Components
25.6

 
29.7

 
79.7

 
68.2

Flat Rolled Products
25.1

 
17.8

 
72.5

 
60.3

 
50.7

 
47.5

 
152.2

 
128.5

Sales to external customers:
 
 
 
 
 
 
 
High Performance Materials & Components
551.7

 
585.5

 
1,795.3

 
1,738.1

Flat Rolled Products
467.0

 
434.7

 
1,308.6

 
1,270.6

 
$
1,018.7

 
$
1,020.2

 
$
3,103.9

 
$
3,008.7



 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Operating profit:
 
 
 
 
 
 
 
High Performance Materials & Components
$
78.8

 
$
76.0

 
$
250.3

 
$
259.4

Flat Rolled Products
20.4

 
29.5

 
25.1

 
66.5

Total operating profit
99.2

 
105.5

 
275.4

 
325.9

LIFO and net realizable value reserves
—

 
—

 
(0.1
)
 
—

Corporate expenses
(16.0
)
 
(14.8
)
 
(50.6
)
 
(40.9
)
Closed operations and other expenses
(8.2
)
 
(3.4
)
 
(19.2
)
 
(16.6
)
Gain on joint venture deconsolidation (See Note 6)
—

 
—

 
—

 
15.9

Gain on asset sales, net
68.2

 
—

 
89.8

 
—

Interest expense, net
(24.2
)
 
(24.8
)
 
(74.9
)
 
(75.8
)
Income before income taxes
$
119.0

 
$
62.5

 
$
220.4

 
$
208.5