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Business Segments (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
Following is certain financial information with respect to the Company’s business segments for the periods indicated (in millions):
 
Three months ended September 30,
 
Nine months ended September 30,
 
2018
 
2017
 
2018
 
2017
Total sales:
 
 
 
 
 
 
 
High Performance Materials & Components
$
615.2

 
$
526.3

 
$
1,806.3

 
$
1,593.3

Flat Rolled Products
452.5

 
372.3

 
1,330.9

 
1,118.5

 
1,067.7

 
898.6

 
3,137.2

 
2,711.8

Intersegment sales:
 
 
 
 
 
 
 
High Performance Materials & Components
29.7

 
13.4

 
68.2

 
43.6

Flat Rolled Products
17.8

 
16.1

 
60.3

 
53.0

 
47.5

 
29.5

 
128.5

 
96.6

Sales to external customers:
 
 
 
 
 
 
 
High Performance Materials & Components
585.5

 
512.9

 
1,738.1

 
1,549.7

Flat Rolled Products
434.7

 
356.2

 
1,270.6

 
1,065.5

 
$
1,020.2

 
$
869.1

 
$
3,008.7

 
$
2,615.2



 
Three months ended September 30,
 
Nine months ended September 30,
 
2018
 
2017
 
2018
 
2017
Operating profit:
 
 
 
 
 
 
 
High Performance Materials & Components
$
76.0

 
$
61.7

 
$
259.4

 
$
180.6

Flat Rolled Products
29.5

 
(7.3
)
 
66.5

 
14.6

Total operating profit
105.5

 
54.4

 
325.9

 
195.2

LIFO and net realizable value reserves

 
(0.1
)
 

 
(0.2
)
Corporate expenses
(14.8
)
 
(14.8
)
 
(40.9
)
 
(36.9
)
Closed operations and other expenses
(3.4
)
 
(12.2
)
 
(16.6
)
 
(28.4
)
Impairment of goodwill

 
(114.4
)
 

 
(114.4
)
Gain on joint venture deconsolidation (See Note 5)

 

 
15.9

 

Interest expense, net
(24.8
)
 
(34.2
)
 
(75.8
)
 
(102.2
)
Income before income taxes
$
62.5

 
$
(121.3
)
 
$
208.5

 
$
(86.9
)