Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Summary of Results of Segment Operations

The following table sets forth certain sales and operating data, net of all intersegment transactions, for our segments for the periods indicated:

	Year Ended December 31,
	2020			2019			2018
(Dollars in millions)
Revenues from external customers:
Railroad and Utility Products and Services	$	759.1		$	733.5		$	634.8
Performance Chemicals		526.3			448.3			420.0
Carbon Materials and Chemicals(a)		383.7			455.2			507.9
Total	$	1,669.1		$	1,637.0		$	1,562.7
Intersegment revenues:
Performance Chemicals	$	13.7		$	12.6		$	10.8
Carbon Materials and Chemicals		78.7			75.2			77.3
Total	$	92.4		$	87.8		$	88.1
Depreciation and amortization expense:
Railroad and Utility Products and Services	$	20.1		$	19.4		$	17.7
Performance Chemicals		18.1			18.3			17.8
Carbon Materials and Chemicals(b)		15.9			13.7			11.4
Total	$	54.1		$	51.4		$	46.9
Operating profit (loss):
Railroad and Utility Products and Services(c)	$	46.7		$	35.8		$	5.9
Performance Chemicals		88.6			52.1			36.2
Carbon Materials and Chemicals(d)		23.4			39.2			44.7
Corporate(e)		(2.0	)		(2.1	)		(2.4	)
Total	$	156.7		$	125.0		$	84.4
Capital expenditures (excluding acquisitions):
Railroad and Utility Products and Services	$	31.3		$	11.6		$	19.2
Performance Chemicals		12.1			9.7			15.1
Carbon Materials and Chemicals(f)		24.8			15.5			73.5
Corporate		1.6			0.4			1.9
Total	$	69.8		$	37.2		$	109.7

(a) Revenue excludes KJCC discontinued operations of $31.6 million, $135.8 million and $147.5 million for the years ended December 31, 2020, 2019 and 2018, respectively.

(b) Depreciation and amortization expense excludes KJCC discontinued operations of $0.6 million, $3.7 million and $3.9 million for the years ended December 31, 2020, 2019 and 2018, respectively.

(c) Includes $6.0 million of inventory fair value purchase price accounting adjustments from our acquisition of UIP in 2018.

(d) Operating profit (loss) excludes KJCC discontinued operations of $(5.0) million, $5.8 million and $26.0 million for the years ended December 31, 2020, 2019 and 2018, respectively.

(e) Operating loss for Corporate includes costs for Koppers Holdings Inc., the parent company of Koppers Inc., and acquisition-related costs.

(f) Capital expenditures includes KJCC discontinued operations of $0.6 million, $3.9 million and $3.4 million for the years ended December 31, 2020, 2019 and 2018, respectively.

Summary of Tangible and Intangible Assets by Segments

The following table sets forth tangible and intangible assets allocated to each of our segments as of the dates indicated:

	December 31,
	2020		2019
(Dollars in millions)
Segment assets:
Railroad and Utility Products and Services	$	583.1	$	562.2
Performance Chemicals		536.1		457.7
Carbon Materials and Chemicals		424.2		502.1
Segment assets		1,543.4		1,522.0
Cash and cash equivalents		0.4		0.0
Income tax receivable		1.2		1.9
Deferred taxes		28.8		17.0
Property, plant and equipment, net		5.9		5.3
Operating lease right-of-use assets		11.9		13.2
Prepaid insurance and other assets		7.0		5.2
Total(a)	$	1,598.6	$	1,564.6
Goodwill:
Railroad and Utility Products and Services	$	121.1	$	120.7
Performance Chemicals		176.7		175.4
Total	$	297.8	$	296.1

(a) The Carbon Materials and Chemicals segment includes $76.4 million of assets of discontinued operations held for sale related to our KJCC business at December 31, 2019.

Schedule of Revenues and Long-Lived Assets by Geographic Area

Revenues and Long-lived Assets by Geographic Area

	Year		Revenue		Long-lived assets
(Dollars in millions)
United States		2020	$	1,170.1	$	832.0
		2019		1,141.2		796.0
		2018		993.5		732.1
Australasia		2020		194.3		82.0
		2019		199.6		76.6
		2018		218.8		69.8
Europe		2020		162.3		83.2
		2019		177.5		70.2
		2018		214.6		44.8
Other countries		2020		142.4		18.5
		2019		118.7		19.3
		2018		135.8		18.3
Total(a)		2020	$	1,669.1	$	1,015.7
		2019	$	1,637.0	$	962.1
		2018	$	1,562.7	$	865.1

(a) Revenue excludes KJCC discontinued operations of $31.6 million, $135.8 million and $147.5 million for the years ended December 31, 2020, 2019 and 2018, respectively. Long-lived assets exclude $59.3 million and $59.0 million of assets of discontinued operations held for sale related to our KJCC business at December 31, 2019 and 2018, respectively.

Schedule of Segment Revenues for Significant Product Lines

Segment Revenues for Significant Product Lines

	Year Ended December 31,
	2020		2019		2018
(Dollars in millions)
Railroad and Utility Products and Services:
Railroad treated products	$	405.1	$	419.6	$	341.7
Utility poles		241.7		222.0		184.7
Railroad infrastructure services		63.5		36.5		36.9
Rail joints		20.3		26.8		33.5
Other products		28.6		28.6		38.0
		759.1		733.5		634.8
Performance Chemicals:
Wood preservative products		510.7		418.8		389.1
Other products		15.6		29.5		30.9
		526.3		448.3		420.0
Carbon Materials and Chemicals:
Pitch and related products		230.9		272.4		280.9
Phthalic anhydride and other chemicals		66.4		77.9		84.6
Creosote and distillates		40.0		46.3		84.1
Naphthalene		19.7		24.9		26.2
Other products		26.7		33.7		32.1
		383.7		455.2		507.9
Total(a)	$	1,669.1	$	1,637.0	$	1,562.7

(a) Revenue excludes KJCC discontinued operations of $31.6 million, $135.8 million and $147.5 million for the years ended December 31, 2020, 2019 and 2018, respectively.