Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of sales by segment

(In millions)	2016		2015		2014
Total sales:
High Performance Materials & Components	$	1,979.5	$	2,062.7	$	2,084.6
Flat Rolled Products	1,260.8		1,807.9		2,320.2
Total sales	3,240.3		3,870.6		4,404.8
Intersegment sales:
High Performance Materials & Components	49.1		76.8		77.8
Flat Rolled Products	56.6		74.2		103.6
Total intersegment sales	105.7		151.0		181.4
Sales to external customers:
High Performance Materials & Components	1,930.4		1,985.9		2,006.8
Flat Rolled Products	1,204.2		1,733.7		2,216.6
Total sales to external customers	$	3,134.6	$	3,719.6	$	4,223.4

Schedule of operating profit (loss) by segment

(In millions)	2016			2015			2014
Operating profit (loss):
High Performance Materials & Components	$	168.7		$	157.1		$	234.8
Flat Rolled Products	(163.0		)	(241.9		)	(47.0		)
Total operating profit (loss)	5.7			(84.8		)	187.8
LIFO and net realizable value reserves (See Note 4)	0.8			0.1			0.3
Corporate expenses	(43.4		)	(44.7		)	(49.6		)
Closed operations and other expenses	(34.6		)	(22.1		)	(28.3		)
Restructuring and other charges (See Note 17)	(538.5		)	(89.7		)	—
Impairment of goodwill (See Note 6)	—			(126.6		)	—
Interest expense, net	(124.0		)	(110.2		)	(108.7		)
Income (loss) before income taxes	$	(734.0	)	$	(478.0	)	$	1.5

Schedule of other financial information by segment

Certain additional information regarding the Company’s business segments is presented below:

(In millions)	2016		2015		2014
Depreciation and amortization:
High Performance Materials & Components	$	118.4	$	131.8	$	124.4
Flat Rolled Products	48.8		55.6		49.3
Corporate	3.1		2.5		2.9
Total depreciation and amortization	$	170.3	$	189.9	$	176.6
Capital expenditures:
High Performance Materials & Components	$	89.9	$	75.8	$	51.9
Flat Rolled Products	111.8		68.0		172.1
Corporate	0.5		0.7		1.7
Total capital expenditures	$	202.2	$	144.5	$	225.7

Identifiable assets:	2016		2015		2014
High Performance Materials & Components	$	2,744.3	$	3,355.5	$	3,555.8
Flat Rolled Products	2,056.4		2,189.5		2,601.6
Discontinued Operations	0.4		0.9		1.8
Corporate:
Deferred Taxes	12.1		—		—
Cash and cash equivalents and other	356.8		205.8		412.5
Total assets	$	5,170.0	$	5,751.7	$	6,571.7

Schedule of revenue by country

($ in millions)	2016		Percent of total		2015		Percent of total		2014		Percent of total
External sales:
United States	$	1,857.5	59	%	$	2,142.6	58	%	$	2,615.9	62	%
China	214.1		7	%	246.9		7	%	249.6		6	%
United Kingdom	183.8		6	%	198.2		5	%	228.4		5	%
Germany	177.7		6	%	193.3		5	%	207.7		5	%
Japan	151.9		5	%	202.3		5	%	89.3		2	%
France	142.6		4	%	153.3		4	%	168.1		4	%
Canada	97.6		3	%	154.5		4	%	147.0		3	%
Mexico	89.7		3	%	78.4		2	%	76.5		2	%
South Korea	33.5		1	%	31.9		1	%	42.8		1	%
Italy	25.1		1	%	65.0		2	%	160.7		4	%
Other	161.1		5	%	253.2		7	%	237.4		6	%
Total External Sales	$	3,134.6	100	%	$	3,719.6	100	%	$	4,223.4	100	%

Schedule of company assets by country

($ in millions)	2016		Percent of total		2015		Percent of total		2014		Percent of total
Total assets:
United States	$	4,591.5	89	%	$	5,073.1	88	%	$	5,868.7	90	%
China	249.3		5	%	260.0		5	%	280.5		4	%
United Kingdom	122.8		2	%	154.3		3	%	196.3		3	%
Luxembourg (a)	67.2		1	%	124.4		2	%	81.8		1	%
Other	139.2		3	%	139.9		2	%	144.4		2	%
Total Assets	$	5,170.0	100	%	$	5,751.7	100	%	$	6,571.7	100	%

(a) Comprises assets held by the Company’s European Treasury Center operation.