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Segment and Geographical Area Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment and Geographical Area Information | Segment and Geographical Area Information Our primary line of business is the production of semi-fabricated specialty aluminum products, such as aluminum plate and sheet and extruded and drawn products, primarily used in Aero/HS products, Automotive Extrusions, GE products, and Other products. We operate 11 focused production facilities in the United States and one in Canada. Consistent with the manner in which our chief operating decision maker reviews and evaluates our business, the Fabricated Products business is treated as a single operating segment. At December 31, 2016, approximately 63% of our employees were covered by collective bargaining agreements and approximately 6% of our employees were covered by collective bargaining agreements with expiration dates occurring within one year from December 31, 2016. In addition to the Fabricated Products segment, we have a business unit, All Other, which provides general and administrative support for our operations. For purposes of segment reporting under GAAP, we treat the Fabricated Products segment as a reportable segment. All Other is not considered a reportable segment. The accounting policies of the Fabricated Products segment are the same as those described in Note 1. Segment results are evaluated internally by management before any allocation of corporate overhead and without any charge for income taxes, interest expense, or other net operating charges. The following tables provide financial information by reporting segment and business unit for each period or as of each period end, as applicable (in millions of dollars):
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Net sales: |  |  |  |  |
Fabricated Products | $ | 1,330.6 |  |  | $ | 1,391.9 |  |  | $ | 1,356.1 |
Segment operating income (loss): |  |  |  |  |
Fabricated Products 1,2 | 229.6 |  |  | 190.8 |  |  | 151.4 |
All Other 3 | (51.8 | ) |  | (536.7 | ) |  | (13.5 | )
Total operating income (loss) | 177.8 |  |  | (345.9 | ) |  | 137.9 |
Interest expense | (20.3 | ) |  | (24.1 | ) |  | (37.5 | )
Other (expense) income, net | (10.3 | ) |  | (1.8 | ) |  | 6.7 |
Income (loss) before income taxes | $ | 147.2 |  |  | $ | (371.8 | ) |  | $ | 107.1 |
Depreciation and amortization: |  |  |  |  |
Fabricated Products | $ | 35.4 |  |  | $ | 31.9 |  |  | $ | 30.6 |
All Other | 0.6 |  |  | 0.5 |  |  | 0.5 |
Total depreciation and amortization | $ | 36.0 |  |  | $ | 32.4 |  |  | $ | 31.1 |
Capital expenditures: |  |  |  |  |
Fabricated Products | $ | 75.6 |  |  | $ | 62.4 |  |  | $ | 58.5 |
All Other | 0.5 |  |  | 0.7 |  |  | 0.9 |
Total capital expenditures | $ | 76.1 |  |  | $ | 63.1 |  |  | $ | 59.4 |
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1. | Fabricated Products segment operating income during 2016 included a $2.6 million non-cash impairment charge relating to the write-off of a customer relationship intangible asset (see Note 4). Also included in the Fabricated Products segment operating income were lower of cost or market inventory write-downs of $4.9 million and $2.6 million during 2016 and 2015, respectively.
2. | Fabricated Products segment results for 2016, 2015 and 2014 included a non-cash mark-to-market gain (loss) on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $18.7 million, $(3.4) million and $(10.4) million, respectively. See Note 10 for further discussion regarding mark-to-market matters.
3. | Operating loss of All Other included net periodic postretirement benefit cost (income) of $3.4 million, $2.4 million and $(23.7) million for 2016, 2015 and 2014, respectively. Additionally, operating (income) loss of All Other included (Gain) loss on removal of Union VEBA net assets of $(0.1) million and $493.4 million during the year ended December 31, 2016 and December 31, 2015, respectively. See Note 6 for further details.
| December 31, 2016 |  | December 31, 2015
Assets: |  |  |
Fabricated Products | $ | 969.4 |  |  | $ | 904.7 |
All Other 1 | 474.1 |  |  | 342.2 |
Total assets | $ | 1,443.5 |  |  | $ | 1,246.9 |
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1. | Assets in All Other represent primarily all of our cash and cash equivalents, short-term investments, financial derivative assets, net assets of VEBAs (see Note 6 and Note 10) and net deferred income tax assets.
Net sales by end market applications for the Fabricated Products segment were as follows (in millions of dollars):
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Net sales: |  |  |  |  |
Aero/HS products | $ | 675.4 |  |  | $ | 695.5 |  |  | $ | 686.3 |
Automotive Extrusions | 188.8 |  |  | 199.2 |  |  | 173.5 |
GE products | 420.1 |  |  | 426.1 |  |  | 419.5 |
Other products | 46.3 |  |  | 71.1 |  |  | 76.8 |
Total net sales | $ | 1,330.6 |  |  | $ | 1,391.9 |  |  | $ | 1,356.1 |
Geographic information for net sales based on country of origin, income taxes paid and long-lived assets were as follows (in millions of dollars):
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Net sales to unaffiliated customers: |  |  |  |  |
Fabricated Products – |  |  |  |  |
United States | $ | 1,278.6 |  |  | $ | 1,321.3 |  |  | $ | 1,254.0 |
Canada | 52.0 |  |  | 70.6 |  |  | 102.1 |
Total net sales | $ | 1,330.6 |  |  | $ | 1,391.9 |  |  | $ | 1,356.1 |
Income taxes paid: |  |  |  |  |
Fabricated Products – |  |  |  |  |
United States | $ | 0.7 |  |  | $ | 0.6 |  |  | $ | 2.1 |
Canada | 0.5 |  |  | 1.7 |  |  | 1.4 |
Total income taxes paid | $ | 1.2 |  |  | $ | 2.3 |  |  | $ | 3.5 |
| December 31,
| 2016 |  | 2015
Long-lived assets:1 |  |  |
Fabricated Products – |  |  |
United States | $ | 494.7 |  |  | $ | 459.6 |
Canada | 31.4 |  |  | 30.9 |
Total Fabricated Products long-lived assets | 526.1 |  |  | 490.5 |
All Other – |  |  |
United States | 4.8 |  |  | 4.9 |
Total All Other long-lived assets | 4.8 |  |  | 4.9 |
Total long-lived assets | $ | 530.9 |  |  | $ | 495.4 |
__________________
1. | Long-lived assets represent Property, plant and equipment – net.
The aggregate foreign currency transaction gain (loss) included in determining net income (loss) were immaterial for 2016, 2015 and 2014. For the years ended December 31, 2016, December 31, 2015 and December 31, 2014, one customer represented 26%, 25% and 22%, respectively, of Fabricated Products Net sales. For each of the years ended December 31, 2016, December 31, 2015, and December 31, 2014, a second customer represented 10% of Fabricated Products Net sales. One individual customer accounted for 18% and two individual customers each accounted for 12% of the trade receivables balance at December 31, 2016. Two individual customers each accounted for 17% of the trade receivables balance at December 31, 2015. Information for export sales and primary aluminum supply from our major suppliers were as follows:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Percentage of Net sales: |  |  |  |  |
Export sales | 19 | % |  | 19 | % |  | 19 | %
Percentage of total annual primary aluminum supply (lbs): |  |  |  |  |
Supply from our top five major suppliers | 84 | % |  | 86 | % |  | 71 | %
Supply from our largest supplier | 32 | % |  | 28 | % |  | 30 | %
Supply from our second and third largest suppliers | 32 | % |  | 36 | % |  | 25 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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