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v3.22.4

Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment and Related Information [Abstract] |
Segment Information | Segment information for the years ended December 31, 2022, 2021 and 2020 was as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2022 |  |  | 2021 |  |  | 2020 |
Net Sales |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 1,127.7 |  |  | $ | 976.0 |  |  | $ | 825.8 |
Specialty Minerals |  |  | 648.4 |  |  |  | 578.9 |  |  |  | 510.9 |
Refractories |  |  | 349.4 |  |  |  | 303.4 |  |  |  | 258.1 |
Total |  |  | 2,125.5 |  |  |  | 1,858.3 |  |  |  | 1,594.8 |
Income from Operations |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 127.2 |  |  |  | 125.0 |  |  |  | 108.8 |
Specialty Minerals |  |  | 41.3 |  |  |  | 72.9 |  |  |  | 67.8 |
Refractories |  |  | 57.6 |  |  |  | 49.3 |  |  |  | 35.5 |
Total |  |  | 226.1 |  |  |  | 247.2 |  |  |  | 212.1 |
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 50.7 |  |  |  | 49.2 |  |  |  | 47.4 |
Specialty Minerals |  |  | 37.2 |  |  |  | 38.4 |  |  |  | 39.6 |
Refractories |  |  | 6.3 |  |  |  | 7.0 |  |  |  | 6.9 |
Total |  |  | 94.2 |  |  |  | 94.6 |  |  |  | 93.9 |
Segment Assets |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 2,442.1 |  |  |  | 2,393.2 |  |  |  | 2,219.1 |
Specialty Minerals |  |  | 609.3 |  |  |  | 605.9 |  |  |  | 559.6 |
Refractories |  |  | 303.7 |  |  |  | 293.1 |  |  |  | 290.8 |
Total |  |  | 3,355.1 |  |  |  | 3,292.2 |  |  |  | 3,069.5 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  | 30.8 |  |  |  | 22.0 |  |  |  | 14.6 |
Specialty Minerals |  |  | 39.8 |  |  |  | 51.7 |  |  |  | 46.5 |
Refractories |  |  | 10.4 |  |  |  | 9.7 |  |  |  | 5.5 |
Total |  |  | 81.0 |  |  |  | 83.4 |  |  |  | 66.6 |
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) |  | 2022 |  |  | 2021 |  |  | 2020 |
Income from Operations before Provision for Taxes on Income |  |  |  |  |  |  |  |  |
Income from operations for reportable segments |  | $ | 226.1 |  |  | $ | 247.2 |  |  | $ | 212.1 |
Litigation expenses |  |  | (1.5 | ) |  |  | — |  |  |  | (10.4 | )
Acquisition related transaction and integration costs |  |  | (5.1 | ) |  |  | (4.0 | ) |  |  | (3.1 | )
Unallocated corporate expenses |  |  | (4.7 | ) |  |  | (7.5 | ) |  |  | (10.7 | )
Consolidated income from operations |  |  | 214.8 |  |  |  | 235.7 |  |  |  | 187.9 |
Non-operating deductions, net |  |  | (58.1 | ) |  |  | (33.4 | ) |  |  | (49.9 | )
Income before tax and equity in earnings |  |  | 156.7 |  |  |  | 202.3 |  |  |  | 138.0 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  | 3,355.1 |  |  |  | 3,292.2 |  |  |  | 3,069.5 |
Corporate assets |  |  | 46.5 |  |  |  | 82.0 |  |  |  | 139.9 |
Consolidated total assets |  |  | 3,401.6 |  |  |  | 3,374.2 |  |  |  | 3,209.4 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Total segment capital expenditures |  |  | 81.0 |  |  |  | 83.4 |  |  |  | 66.6 |
Corporate capital expenditures |  |  | 1.3 |  |  |  | 2.6 |  |  |  | 0.2 |
Consolidated capital expenditures |  |  | 82.3 |  |  |  | 86.0 |  |  |  | 66.8 |
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) |  | 2022 |  |  | 2021 |  |  | 2020 |
Net Sales |  |  |  |  |  |  |  |  |
United States |  | $ | 1,135.6 |  |  | $ | 959.6 |  |  | $ | 822.5 |
Canada/Latin America |  |  | 148.3 |  |  |  | 99.8 |  |  |  | 70.5 |
Europe/Africa |  |  | 496.8 |  |  |  | 441.9 |  |  |  | 410.0 |
Asia |  |  | 344.8 |  |  |  | 357.0 |  |  |  | 291.8 |
Total International |  |  | 989.9 |  |  |  | 898.7 |  |  |  | 772.3 |
Consolidated net sales |  |  | 2,125.5 |  |  |  | 1,858.3 |  |  |  | 1,594.8 |
Long-Lived Assets |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,915.8 |  |  | $ | 1,925.9 |  |  | $ | 1,723.2 |
Canada/Latin America |  |  | 16.4 |  |  |  | 10.6 |  |  |  | 11.3 |
Europe/Africa |  |  | 162.8 |  |  |  | 151.1 |  |  |  | 182.9 |
Asia |  |  | 112.1 |  |  |  | 120.6 |  |  |  | 126.5 |
Total International |  |  | 291.3 |  |  |  | 282.3 |  |  |  | 320.7 |
Consolidated long-lived assets |  |  | 2,207.1 |  |  |  | 2,208.2 |  |  |  | 2,043.9 |
Sales by Product Category | The Company's sales by product category are as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2022 |  |  | 2021 |  |  | 2020 |
Household, Personal Care & Specialty Products |  | $ | 560.9 |  |  | $ | 460.5 |  |  | $ | 380.2 |
Metalcasting |  |  | 334.0 |  |  |  | 319.2 |  |  |  | 258.1 |
Environmental Products |  |  | 174.1 |  |  |  | 136.3 |  |  |  | 131.6 |
Building Materials |  |  | 58.7 |  |  |  | 60.0 |  |  |  | 55.9 |
Paper PCC |  |  | 381.7 |  |  |  | 349.7 |  |  |  | 308.4 |
Specialty PCC |  |  | 100.4 |  |  |  | 77.1 |  |  |  | 69.3 |
Ground Calcium Carbonate |  |  | 109.1 |  |  |  | 98.1 |  |  |  | 89.3 |
Talc |  |  | 57.2 |  |  |  | 54.0 |  |  |  | 43.9 |
Refractory Products |  |  | 273.4 |  |  |  | 237.1 |  |  |  | 212.3 |
Metallurgical Products |  |  | 76.0 |  |  |  | 66.3 |  |  |  | 45.8 |
Total |  | $ | 2,125.5 |  |  | $ | 1,858.3 |  |  | $ | 1,594.8 |

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