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 Other3
(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 Other4
 
 
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
%