Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

The operating results of the Company’s reportable segments were as follows:


	Engineered Products and Forgings		Global Rolled Products		Total Segment
First quarter ended March 31, 2020
Sales:
Third-party sales	$	1,631	$	1,578	$	3,209
Intersegment sales	—		35		35
Total sales	$	1,631	$	1,613	$	3,244
Profit and loss:
Segment operating profit	$	339	$	169	$	508
Restructuring and other charges (credits)	34		(18)		16
Provision for depreciation and amortization	65		57		122
Capital expenditures	36		22		58

First quarter ended March 31, 2019
Sales:
Third-party sales	$	1,756	$	1,784	$	3,540
Intersegment sales	—		52		52
Total sales	$	1,756	$	1,836	$	3,592
Profit and loss:
Segment operating profit	$	313	$	135	$	448
Restructuring and other charges	18		11		29
Provision for depreciation and amortization	71		59		130
Capital expenditures	117		39		156

The following table reconciles Total segment operating profit to Consolidated income before income taxes:


	First quarter ended
	March 31,
	2020		2019
Total segment operating profit	$	508	$	448
Unallocated amounts:
Restructuring and other charges	(21)		(12)
Corporate expense	(88)		(62)
Consolidated operating income	$	399	$	374
Interest expense	(91)		(85)
Other expense, net	(17)		(32)
Consolidated income before income taxes	$	291	$	257

The following table disaggregates revenue by major end market served. Differences between segment and consolidated totals are in Corporate.


	Engineered Products and Forgings		Global Rolled Products		Total Segment
First quarter ended March 31, 2020
Aerospace	$	1,189	$	285	$	1,474
Transportation	256		509		765
Building and construction	—		291		291
Industrial and Other	186		493		679
Total end-market revenue	$	1,631	$	1,578	$	3,209

First quarter ended March 31, 2019
Aerospace	$	1,250	$	302	$	1,552
Transportation	343		649		992
Building and construction	—		330		330
Industrial and Other	163		503		666
Total end-market revenue	$	1,756	$	1,784	$	3,540