XML 51 R44.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment and Geographical Area Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Segment Reporting [Abstract] |
Summary of financial information by operating segment | The following tables provide financial information by reporting segment for each period or as of each period end, as applicable:
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Net Sales: |  |  |  |  |
Fabricated Products | $ | 1,360.1 |  |  | $ | 1,301.3 |  |  | $ | 1,078.8 |
All Other 1 | — |  |  | — |  |  | 0.3 |
Total net sales | $ | 1,360.1 |  |  | $ | 1,301.3 |  |  | $ | 1,079.1 |
Operating Income (Loss): |  |  |  |  |
Fabricated Products 2,3 | $ | 190.8 |  |  | $ | 83.6 |  |  | $ | 81.7 |
All Other 4 | (24.9 | ) |  | (28.6 | ) |  | (40.6 | )
Total operating income | $ | 165.9 |  |  | $ | 55.0 |  |  | $ | 41.1 |
Interest expense | (29.1 | ) |  | (18.0 | ) |  | (11.8 | )
Other income (expense), net | 2.8 |  |  | 4.3 |  |  | (4.2 | )
Income before income taxes | $ | 139.6 |  |  | $ | 41.3 |  |  | $ | 25.1 |
Depreciation and Amortization: |  |  |  |  |
Fabricated Products | $ | 26.0 |  |  | $ | 24.8 |  |  | $ | 19.4 |
All Other | 0.5 |  |  | 0.4 |  |  | 0.4 |
Total depreciation and amortization | $ | 26.5 |  |  | $ | 25.2 |  |  | $ | 19.8 |
Capital expenditures: |  |  |  |  |
Fabricated Products | $ | 43.8 |  |  | $ | 32.1 |  |  | $ | 38.0 |
All Other | 0.3 |  |  | 0.4 |  |  | 0.9 |
Total capital expenditures | $ | 44.1 |  |  | $ | 32.5 |  |  | $ | 38.9 |
| December 31, 2012 |  | December 31, 2011 |  | December 31, 2010
Assets: |  |  |  |  |
Fabricated Products | $ | 771.2 |  |  | $ | 637.0 |  |  | $ | 525.3 |
All Other 5 | 981.3 |  |  | 683.6 |  |  | 793.6 |
Total assets | $ | 1,752.5 |  |  | $ | 1,320.6 |  |  | $ | 1,318.9 |
__________________
1 | Net sales in All Other in 2010 represent residual activity involving primary aluminum purchased by the Company from Anglesey while it continued its smelting operations, prior to September 30, 2009, and resold by the Company in the first quarter of 2010. In connection with Anglesey’s remelt operations beginning in the fourth quarter of 2009, the Company changed its basis of revenue recognition from gross to a net basis (see Note 1).
2 | Operating results in the Fabricated Products segment for 2012, 2011 and 2010 included non-cash LIFO inventory (benefits) charges of $(4.9), $(7.1) and $16.5, respectively. Also included in the Fabricated Products segment operating results for 2012, 2011 and 2010 were $1.1, $1.7 and $13.6, respectively, of environmental expense. Fabricated Products segment operating results for 2012 and 2010 also included $4.4 and $3.9 of asset impairment charge relating to certain Property, plant and equipment, respectively.
3 | Fabricated Products segment results for 2012, 2011 and 2010 include non-cash mark-to-market gains (losses) on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $15.2, $(29.9) and $(0.7), respectively. For further discussion regarding mark-to-market matters, see Note 12.
4 | Operating results in All Other represent operating expenses in the Corporate and Other business unit. Operating results of All Other include VEBA net periodic pension benefit (income) costs of $(11.9), $(6.0) and $5.1 for 2012, 2011 and 2010, respectively.
5 | Assets in All Other represent primarily all of the Company’s cash and cash equivalents, short-term investments, metal and financial derivative assets, net assets in respect of VEBA(s) and net deferred income tax assets.
Schedule of net sales by end market segment applications | Net sales by product categories, which are based on end market applications, for the Fabricated Products segment are as follows:
|  | Year Ended December 31,
|  | 2012 |  | 2011 |  | 2010
Net Sales: |  |  |  |  |  |
Aero/HS Products |  | $ | 695.1 |  |  | $ | 596.3 |  |  | $ | 467.3 |
GE Products |  | 441.4 |  |  | 447.0 |  |  | 409.3 |
Automotive Extrusions |  | 125.5 |  |  | 126.9 |  |  | 103.0 |
Other Products |  | 98.1 |  |  | 131.1 |  |  | 99.2 |
Total Net Sales |  | $ | 1,360.1 |  |  | $ | 1,301.3 |  |  | $ | 1,078.8 |
Schedule of net sales, income taxes paid, and long-lived assets, by geographical area | Geographic information for net sales, based on country of origin, income taxes paid, and long-lived assets are as follows:
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Net sales to unaffiliated customers: |  |  |  |  |
Fabricated Products — |  |  |  |  |
United States | $ | 1,256.5 |  |  | $ | 1,195.1 |  |  | $ | 991.2 |
Canada | 103.6 |  |  | 106.2 |  |  | 87.6 |
Total Fabricated Products net sales | 1,360.1 |  |  | 1,301.3 |  |  | 1,078.8 |
All Other — |  |  |  |  |
United Kingdom | — |  |  | — |  |  | 0.3 |
Total All Other net sales | — |  |  | — |  |  | 0.3 |
Total net sales | $ | 1,360.1 |  |  | $ | 1,301.3 |  |  | $ | 1,079.1 |
Income Taxes Paid: |  |  |  |  |
Fabricated Products — |  |  |  |  |
United States | $ | 0.5 |  |  | $ | 1.7 |  |  | $ | 0.1 |
Canada | 1.3 |  |  | 1.8 |  |  | 0.7 |
Total income taxes paid | $ | 1.8 |  |  | $ | 3.5 |  |  | $ | 0.8 |
| December 31, 2012 |  | December 31, 2011 |  | December 31, 2010
Long-lived assets:1 |  |  |  |  |
Fabricated Products — |  |  |  |  |
United States | $ | 367.5 |  |  | $ | 351.4 |  |  | $ | 337.3 |
Canada | 12.5 |  |  | 11.9 |  |  | 11.5 |
Total Fabricated Products long-lived assets | 380.0 |  |  | 363.3 |  |  | 348.8 |
All Other — |  |  |  |  |
United States | 4.3 |  |  | 4.5 |  |  | 5.3 |
Total All Other long-lived assets | 4.3 |  |  | 4.5 |  |  | 5.3 |
Total long-lived assets | $ | 384.3 |  |  | $ | 367.8 |  |  | $ | 354.1 |
__________________ 1 Long-lived assets represent Property, plant and equipment, net.

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 37 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 38 -Subparagraph b(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration