Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Reconciliations of Adjusted EBITDA from Continuing Operations

Reportable segment information

The following tables show segment revenues from external customers (there were no intersegment revenues) and Adjusted EBITDA for the three months ended March 31, 2016 and 2015 and reconciliations of Adjusted EBITDA to operating loss for each period presented. The two periods are not comparable as the results for 2015 include the results of operations for the period from the Real Alloy acquisition date to March 31, 2015, or approximately one month.  

	Three Months Ended March 31, 2016
(In millions)	RANA		RAEU		Total
Revenues	$	200.8	$	108.6	$	309.4
Adjusted EBITDA	$	13.2	$	5.1	$	18.3

	Three Months Ended March 31, 2015
(In millions)	RANA		RAEU		Total
Revenues	$	86.4	$	51.4	$	137.8
Adjusted EBITDA	$	5.2	$	2.7	$	7.9

	Three Months Ended March 31,
(In millions)		2016			2015
Adjusted EBITDA	$	18.3		$	7.9
Unrealized gains (losses) on derivative financial instruments		(0.4	)		0.1
Depreciation and amortization		(14.7	)		(3.7	)
Amortization of purchase accounting adjustments		(0.6	)		(3.7	)
Corporate and Other:
Operating loss—excludes share-based compensation expense		(2.8	)		(2.8	)
Share-based compensation expense		(0.5	)		(0.3	)
Other		(1.4	)		(0.3	)
Operating loss	$	(2.1	)	$	(2.8	)

Summarized Balance Sheet Information of Reportable Segments

The following tables present summarized balance sheet information for each of our reportable segments and reconciliations to consolidated assets and liabilities as of March 31, 2016 and December 31, 2015:

	March 31, 2016				December 31, 2015
(In millions)	RANA		RAEU		RANA		RAEU
Segment Assets
Current assets:
Cash and cash equivalents	$	11.1	$	5.4	$	8.1	$	7.2
Trade accounts receivable, net		72.1		17.0		63.7		13.5
Financing receivable		—		35.3		—		32.7
Inventories		61.4		32.5		61.7		38.5
Prepaid expenses, supplies, and other    current assets		14.8		7.2		12.5		6.8
Total current assets		159.4		97.4		146.0		98.7
Property, plant and equipment, net		196.4		99.8		199.3		102.2
Intangible assets, net		14.4		—		15.0		—
Goodwill		95.7		9.3		95.4		8.9
Other noncurrent assets		4.9		2.0		4.9		1.9
Total segment assets	$	470.8	$	208.5	$	460.6	$	211.7
Segment Liabilities
Current liabilities:
Trade payables	$	65.9	$	36.3	$	58.1	$	42.3
Accrued liabilities		24.6		15.6		34.3		14.6
Total current liabilities		90.5		51.9		92.4		56.9
Accrued pension benefits		—		39.7		—		38.0
Environmental liabilities		11.7		—		11.7		—
Other noncurrent liabilities		4.2		2.0		4.1		1.4
Total segment liabilities	$	106.4	$	93.6	$	108.2	$	96.3

	March 31,		December 31,
(In millions)		2016		2015
Assets:
Real Alloy North America	$	470.8	$	460.6
Real Alloy Europe		208.5		211.7
Unallocated		24.4		28.6
Total consolidated assets	$	703.7	$	700.9
Liabilities:
Real Alloy North America	$	106.4	$	108.2
Real Alloy Europe		93.6		96.3
Unallocated		346.3		332.1
Total consolidated liabilities	$	546.3	$	536.6