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Business, Product and Geographical Area Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Business, Product and Geographical Area Information

13. Business, Product and Geographical Area Information

Our primary line of business is the production of semi-fabricated specialty aluminum mill products, such as bare and coated coils, plate and sheet and extruded and drawn products, for the following end market applications: (i) aerospace and high strength (“Aero/HS products”); (ii) beverage and food packaging products (“Packaging”); (iii) general engineering (“GE products”); (iv) automotive (“Automotive Extrusions”); and (v) other industrial (“Other products”). We operate 13 focused production facilities in the United States and one in Canada. Our chief operating decision maker reviews and evaluates our business as a single operating segment.

The following table presents Net sales by end market applications and by timing of control transfer (in millions of dollars):

 

 

 

Quarter Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Aero/HS products

 

$

223.3

 

 

$

140.8

 

 

$

662.4

 

 

$

492.8

 

Packaging

 

 

312.2

 

 

 

341.5

 

 

 

1,021.1

 

 

 

1,240.2

 

GE products

 

 

143.6

 

 

 

200.3

 

 

 

465.1

 

 

 

699.2

 

Automotive Extrusions

 

 

60.1

 

 

 

60.6

 

 

 

199.3

 

 

 

196.0

 

Other products

 

 

4.4

 

 

 

5.7

 

 

 

17.4

 

 

 

23.7

 

Total net sales

 

$

743.6

 

 

$

748.9

 

 

$

2,365.3

 

 

$

2,651.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Products transferred at a point in time

 

$

595.7

 

 

$

630.2

 

 

$

1,843.1

 

 

$

2,165.1

 

Products transferred over time

 

 

147.9

 

 

 

118.7

 

 

 

522.2

 

 

 

486.8

 

Total net sales

 

$

743.6

 

 

$

748.9

 

 

$

2,365.3

 

 

$

2,651.9

 

 

The following table presents geographic information for income taxes paid (in millions of dollars):

 

 

 

Quarter Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Income taxes paid:

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

$

—

 

 

$

0.3

 

 

$

0.3

 

 

$

2.7

 

Foreign

 

 

—

 

 

 

1.6

 

 

 

0.2

 

 

 

2.6

 

Total income taxes paid

 

$

—

 

 

$

1.9

 

 

$

0.5

 

 

$

5.3