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Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment and Related Information [Abstract] |
Segment Information | Segment information for the years ended December 31, 2021, 2020 and 2019 was as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2021 |  |  | 2020 |  |  | 2019 |
Net Sales |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 976.0 |  |  | $ | 825.8 |  |  | $ | 918.5 |
Specialty Minerals |  |  | 578.9 |  |  |  | 510.9 |  |  |  | 574.4 |
Refractories |  |  | 303.4 |  |  |  | 258.1 |  |  |  | 298.1 |
Total |  |  | 1,858.3 |  |  |  | 1,594.8 |  |  |  | 1,791.0 |
Income from Operations |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 125.0 |  |  |  | 108.8 |  |  |  | 104.9 |
Specialty Minerals |  |  | 72.9 |  |  |  | 67.8 |  |  |  | 83.1 |
Refractories |  |  | 49.3 |  |  |  | 35.5 |  |  |  | 39.8 |
Total |  |  | 247.2 |  |  |  | 212.1 |  |  |  | 227.8 |
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 49.2 |  |  |  | 47.4 |  |  |  | 51.0 |
Specialty Minerals |  |  | 38.4 |  |  |  | 39.6 |  |  |  | 40.4 |
Refractories |  |  | 7.0 |  |  |  | 6.9 |  |  |  | 7.0 |
Total |  |  | 94.6 |  |  |  | 93.9 |  |  |  | 98.4 |
Segment Assets |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 2,393.2 |  |  |  | 2,219.1 |  |  |  | 2,212.7 |
Specialty Minerals |  |  | 605.9 |  |  |  | 559.6 |  |  |  | 525.1 |
Refractories |  |  | 293.1 |  |  |  | 290.8 |  |  |  | 293.2 |
Total |  |  | 3,292.2 |  |  |  | 3,069.5 |  |  |  | 3,031.0 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 22.0 |  |  |  | 14.6 |  |  |  | 21.5 |
Specialty Minerals |  |  | 51.7 |  |  |  | 46.5 |  |  |  | 37.7 |
Refractories |  |  | 9.7 |  |  |  | 5.5 |  |  |  | 5.7 |
Total |  |  | 83.4 |  |  |  | 66.6 |  |  |  | 64.9 |
Reconciliation of Significant Items from Segments to Consolidated Totals | A reconciliation of the totals reported for the operating segments to the applicable line items in the consolidated financial statements is as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2021 |  |  | 2020 |  |  | 2019 |
Income from Operations before Provision for Taxes on Income |  |  |  |  |  |  |  |  |
Income from operations for reportable segments |  | $ | 247.2 |  |  | $ | 212.1 |  |  | $ | 227.8 |
Litigation expenses |  |  | — |  |  |  | (10.4 | ) |  |  | (10.9 | )
Acquisition-related expenses |  |  | (4.0 | ) |  |  | (3.1 | ) |  |  | — |
Unallocated corporate expenses |  |  | (7.5 | ) |  |  | (10.7 | ) |  |  | (8.2 | )
Consolidated income from operations |  |  | 235.7 |  |  |  | 187.9 |  |  |  | 208.7 |
Non-operating deductions, net |  |  | (33.4 | ) |  |  | (49.9 | ) |  |  | (51.4 | )
Income from operations before provision for taxes and equity in earnings |  |  | 202.3 |  |  |  | 138.0 |  |  |  | 157.3 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  | 3,292.2 |  |  |  | 3,069.5 |  |  |  | 3,031.0 |
Corporate assets |  |  | 82.0 |  |  |  | 139.9 |  |  |  | 81.6 |
Consolidated total assets |  |  | 3,374.2 |  |  |  | 3,209.4 |  |  |  | 3,112.6 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Total segment capital expenditures |  |  | 83.4 |  |  |  | 66.6 |  |  |  | 64.9 |
Corporate capital expenditures |  |  | 2.6 |  |  |  | 0.2 |  |  |  | 0.1 |
Consolidated capital expenditures |  |  | 86.0 |  |  |  | 66.8 |  |  |  | 65.0 |
Financial Information Related to Operations by Geographic Area | Financial information relating to the Company's operations by geographic area was as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2021 |  |  | 2020 |  |  | 2019 |
Net Sales |  |  |  |  |  |  |  |  |
United States |  | $ | 959.6 |  |  | $ | 822.5 |  |  | $ | 962.4 |
Canada/Latin America |  |  | 99.8 |  |  |  | 70.5 |  |  |  | 80.2 |
Europe/Africa |  |  | 441.9 |  |  |  | 410.0 |  |  |  | 435.3 |
Asia |  |  | 357.0 |  |  |  | 291.8 |  |  |  | 313.1 |
Total International |  |  | 898.7 |  |  |  | 772.3 |  |  |  | 828.6 |
Consolidated net sales |  |  | 1,858.3 |  |  |  | 1,594.8 |  |  |  | 1,791.0 |
Long-Lived Assets |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,925.3 |  |  | $ | 1,723.2 |  |  | $ | 1,742.3 |
Canada/Latin America |  |  | 10.6 |  |  |  | 11.3 |  |  |  | 13.0 |
Europe/Africa |  |  | 151.1 |  |  |  | 182.9 |  |  |  | 190.7 |
Asia |  |  | 120.6 |  |  |  | 126.5 |  |  |  | 117.2 |
Total International |  |  | 282.3 |  |  |  | 320.7 |  |  |  | 320.9 |
Consolidated long-lived assets |  |  | 2,207.6 |  |  |  | 2,043.9 |  |  |  | 2,063.2 |
Sales by Product Category | The Company's sales by product category are as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2021 |  |  | 2020 |  |  | 2019 |
Household, Personal Care & Specialty Products |  | $ | 460.5 |  |  | $ | 380.2 |  |  | $ | 376.6 |
Metalcasting |  |  | 319.2 |  |  |  | 258.1 |  |  |  | 291.2 |
Environmental Products |  |  | 136.3 |  |  |  | 131.6 |  |  |  | 181.8 |
Building Materials |  |  | 60.0 |  |  |  | 55.9 |  |  |  | 68.9 |
Paper PCC |  |  | 349.7 |  |  |  | 308.4 |  |  |  | 364.9 |
Specialty PCC |  |  | 77.1 |  |  |  | 69.3 |  |  |  | 69.1 |
Ground Calcium Carbonate |  |  | 98.1 |  |  |  | 89.3 |  |  |  | 91.3 |
Talc |  |  | 54.0 |  |  |  | 43.9 |  |  |  | 49.1 |
Refractory Products |  |  | 237.1 |  |  |  | 212.3 |  |  |  | 244.8 |
Metallurgical Products |  |  | 66.3 |  |  |  | 45.8 |  |  |  | 53.3 |
Total |  | $ | 1,858.3 |  |  | $ | 1,594.8 |  |  | $ | 1,791.0 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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