XML 15 R39.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Segment and Geographical Area Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Segment Reporting [Abstract] |
Summary of financial information by operating segment | The following tables provide financial information by reporting segment and business unit for each period or as of each period end, as applicable:
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Net sales: |  |  |  |  |
Fabricated Products | $ | 1,356.1 |  |  | $ | 1,297.5 |  |  | $ | 1,360.1 |
Segment operating income (loss): |  |  |  |  |
Fabricated Products 1,2 | $ | 151.4 |  |  | $ | 188.6 |  |  | $ | 190.8 |
All Other 3 | (13.5 | ) |  | (15.3 | ) |  | (24.9 | )
Total operating income | $ | 137.9 |  |  | $ | 173.3 |  |  | $ | 165.9 |
Interest expense | (37.5 | ) |  | (35.7 | ) |  | (29.1 | )
Other income, net | 6.7 |  |  | 5.6 |  |  | 2.8 |
Income before income taxes | $ | 107.1 |  |  | $ | 143.2 |  |  | $ | 139.6 |
Depreciation and amortization: |  |  |  |  |
Fabricated Products | $ | 30.6 |  |  | $ | 27.6 |  |  | $ | 26.0 |
All Other | 0.5 |  |  | 0.5 |  |  | 0.5 |
Total depreciation and amortization | $ | 31.1 |  |  | $ | 28.1 |  |  | $ | 26.5 |
Capital expenditures: |  |  |  |  |
Fabricated Products | $ | 58.5 |  |  | $ | 69.8 |  |  | $ | 43.8 |
All Other | 0.9 |  |  | 0.6 |  |  | 0.3 |
Total capital expenditures | $ | 59.4 |  |  | $ | 70.4 |  |  | $ | 44.1 |
|  |  | December 31, 2014 |  | December 31, 2013
Assets: |  |  |  |  |
Fabricated Products |  |  | $ | 878.9 |  |  | $ | 852.5 |
All Other 4 |  |  | 864.8 |  |  | 918.4 |
Total assets |  |  | $ | 1,743.7 |  |  | $ | 1,770.9 |
__________________
1 | Operating results in the Fabricated Products segment for 2014, 2013 and 2012 included $1.2, $4.0 and $1.1, respectively, of environmental expense. Fabricated Products segment operating results for 2014 and 2012 included $1.5 and $4.4 of asset impairment charge relating to certain property, plant and equipment.
2 | Fabricated Products segment results for 2014, 2013 and 2012 include non-cash mark-to-market (losses) gains on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $(10.4), $0.7 and $15.2, respectively. For further discussion regarding mark-to-market matters, see Note 10.
3 | Operating results of All Other include VEBA net periodic pension benefit income of $23.7, $22.5 and $11.9 for 2014, 2013 and 2012, respectively.
4 | Assets in All Other represent primarily all of the Company’s cash and cash equivalents, short-term investments, financial derivative assets, net assets of VEBAs and net deferred income tax assets.
Schedule of net sales by end market segment applications | Net sales by product categories based on end market applications for the Fabricated Products segment were as follows:
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Net sales: |  |  |  |  |
Aero/HS products | $ | 686.3 |  |  | $ | 677.0 |  |  | $ | 695.1 |
Automotive Extrusions | 173.5 |  |  | 129.5 |  |  | 125.5 |
GE products | 419.5 |  |  | 411.0 |  |  | 441.4 |
Other products | 76.8 |  |  | 80.0 |  |  | 98.1 |
Total net sales | $ | 1,356.1 |  |  | $ | 1,297.5 |  |  | $ | 1,360.1 |
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 were as follows:
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Net sales to unaffiliated customers: |  |  |  |  |
Fabricated Products — |  |  |  |  |
United States | $ | 1,254.0 |  |  | $ | 1,204.7 |  |  | $ | 1,256.5 |
Canada | 102.1 |  |  | 92.8 |  |  | 103.6 |
Total net sales | $ | 1,356.1 |  |  | $ | 1,297.5 |  |  | $ | 1,360.1 |
Income taxes paid: |  |  |  |  |
Fabricated Products — |  |  |  |  |
United States | $ | 2.1 |  |  | $ | 1.2 |  |  | $ | 0.5 |
Canada | 1.4 |  |  | 0.9 |  |  | 1.3 |
Total income taxes paid | $ | 3.5 |  |  | $ | 2.1 |  |  | $ | 1.8 |
|  |  | Year Ended December 31,
|  |  | 2014 |  | 2013
Long-lived assets:1 |  |  |  |  |
Fabricated Products — |  |  |  |  |
United States |  |  | $ | 432.6 |  |  | $ | 409.5 |
Canada |  |  | 17.4 |  |  | 15.3 |
Total Fabricated Products long-lived assets |  |  | 450.0 |  |  | 424.8 |
All Other — |  |  |  |  |
United States |  |  | 4.9 |  |  | 4.5 |
Total All Other long-lived assets |  |  | 4.9 |  |  | 4.5 |
Total long-lived assets |  |  | $ | 454.9 |  |  | $ | 429.3 |
__________________ 1 Long-lived assets represent Property, plant and equipment, net.
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Information for export sales and primary aluminum supply from the Company's major suppliers were as follows:
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Percentage of Net sales: |  |  |  |  |
Export sales | 19 | % |  | 17 | % |  | 18 | %
Percentage of Total Annual Primary Aluminum Supply (lbs): |  |  |  |  |
Supply from the Company's top five major suppliers | 71 | % |  | 86 | % |  | 78 | %
Supply from the Company's largest supplier | 30 | % |  | 25 | % |  | 29 | %
Supply from the Company's second and third largest suppliers | 25 | % |  | 35 | % |  | 31 | %

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 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 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 3: 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 + 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 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 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=35741047&loc=d3e13816-109267 Reference 4: 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 5: 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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13531-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13537-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
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