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Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

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,
			2023						2022						2023						2022
Total sales:
High Performance Materials & Components			$	578.1					$	505.0					$	1,670.5					$	1,325.6
Advanced Alloys & Solutions			551.8						646.8						1,791.0						1,805.5
			1,129.9						1,151.8						3,461.5						3,131.1
Intersegment sales:
High Performance Materials & Components			38.6						47.4						132.8						130.3
Advanced Alloys & Solutions			65.7						72.4						219.0						175.2
			104.3						119.8						351.8						305.5
Sales to external customers:
High Performance Materials & Components			539.5						457.6						1,537.7						1,195.3
Advanced Alloys & Solutions			486.1						574.4						1,572.0						1,630.3
			$	1,025.6					$	1,032.0					$	3,109.7					$	2,825.6

			Three months ended September 30,												Nine months ended September 30,
			2023						2022						2023						2022
EBITDA:
High Performance Materials & Components			$	115.7					$	85.8					$	303.9					$	214.2
Advanced Alloys & Solutions			50.4						75.8						186.3						255.7
Total segment EBITDA			166.1						161.6						490.2						469.9
Corporate expenses			(12.9)						(14.2)						(48.3)						(47.9)
Closed operations and other expense			(5.1)						(6.3)						(11.3)						(12.8)
Depreciation & amortization (a)			(35.6)						(35.6)						(106.6)						(107.1)
Interest expense, net			(23.8)						(20.8)						(65.0)						(67.8)
Restructuring and other charges			(4.2)						(17.3)						(14.6)						(23.5)
Loss on asset sales and sales of businesses, net			—						—						(0.6)						(134.2)
Income before income taxes			$	84.5					$	67.4					$	243.8					$	76.6

a) The following is depreciation & amortization by each business segment:

			Three months ended September 30,												Nine months ended September 30,
			2023						2022						2023						2022
High Performance Materials & Components			$	16.5					$	16.7					$	51.8					$	51.5
Advanced Alloys & Solutions			17.3						17.1						49.6						50.0
Other			1.8						1.8						5.2						5.6
			$	35.6					$	35.6					$	106.6					$	107.1

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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