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Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The following table presents financial information on our segments as of December 31, 2015, 2014 and 2013, and for the years then ended.

 

(In millions)

 

Composite

Materials

 

 

Engineered

Products

 

 

Corporate &

Other

 

 

Total

 

Third-Party Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

1,458.7

 

 

$

402.5

 

 

$

 

 

$

1,861.2

 

2014

 

 

1,420.9

 

 

 

434.6

 

 

 

 

 

 

1,855.5

 

2013

 

 

1,286.9

 

 

 

391.3

 

 

 

 

 

 

1,678.2

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

70.4

 

 

$

8.5

 

 

$

(78.9

)

 

$

 

2014

 

 

66.7

 

 

 

1.8

 

 

 

(68.5

)

 

 

 

2013

 

 

68.0

 

 

 

1.8

 

 

 

(69.8

)

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

336.2

 

 

$

55.8

 

 

$

(59.6

)

 

$

332.4

 

2014

 

 

308.8

 

 

 

67.0

 

 

 

(70.0

)

 

 

305.8

 

2013

 

 

276.3

 

 

 

58.9

 

 

 

(64.3

)

 

 

270.9

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

70.0

 

 

$

6.1

 

 

$

0.3

 

 

$

76.4

 

2014

 

 

65.5

 

 

 

5.5

 

 

 

0.2

 

 

 

71.2

 

2013

 

 

54.4

 

 

 

4.7

 

 

 

0.2

 

 

 

59.3

 

Equity in earnings from affiliated companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

0.2

 

 

$

1.8

 

 

$

 

 

$

2.0

 

2014

 

 

 

 

 

1.4

 

 

 

 

 

 

1.4

 

2013

 

 

 

 

 

1.3

 

 

 

 

 

 

1.3

 

Other expense (income), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

6.0

 

 

 

6.0

 

Segment assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

1,892.0

 

 

$

239.4

 

 

$

56.0

 

 

$

2,187.4

 

2014

 

 

1,600.7

 

 

 

241.1

 

 

 

194.6

 

 

 

2,036.4

 

2013

 

 

1,479.2

 

 

 

244.0

 

 

 

112.9

 

 

 

1,836.1

 

Investments in affiliated companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

10.1

 

 

$

20.3

 

 

$

 

 

$

30.4

 

2014

 

 

10.2

 

 

 

24.0

 

 

 

 

 

 

34.2

 

2013

 

 

 

 

 

23.3

 

 

 

 

 

 

23.3

 

Accrual basis additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

276.0

 

 

$

13.0

 

 

$

 

 

$

289.0

 

2014

 

 

260.1

 

 

 

10.1

 

 

 

 

 

 

270.2

 

2013

 

 

194.6

 

 

 

11.9

 

 

 

 

 

 

206.5

 

 

Schedule of Net Sales and Long-Lived Assets, by Geographic Area

Net sales and long-lived assets, by geographic area, consisted of the following for the three years ended December 31, 2015, 2014 and 2013:

(In millions)

 

2015

 

 

2014

 

 

2013

 

Net sales by Geography (a):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

955.4

 

 

$

933.2

 

 

$

871.0

 

International

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

320.6

 

 

 

346.9

 

 

 

321.1

 

Spain

 

 

217.8

 

 

 

183.4

 

 

 

164.8

 

United Kingdom

 

 

125.1

 

 

 

135.8

 

 

 

110.9

 

Austria

 

 

93.1

 

 

 

112.6

 

 

 

96.2

 

Other

 

 

149.2

 

 

 

143.6

 

 

 

114.2

 

Total international

 

 

905.8

 

 

 

922.3

 

 

 

807.2

 

Total consolidated net sales

 

$

1,861.2

 

 

$

1,855.5

 

 

$

1,678.2

 

 

Net Sales to External Customers (b):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

850.1

 

 

$

834.5

 

 

$

765.2

 

International

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

140.3

 

 

 

159.1

 

 

 

146.1

 

Spain

 

 

149.7

 

 

 

155.3

 

 

 

154.7

 

Germany

 

 

163.7

 

 

 

154.8

 

 

 

135.2

 

United Kingdom

 

 

84.2

 

 

 

95.6

 

 

 

81.4

 

Other

 

 

473.2

 

 

 

456.2

 

 

 

395.6

 

Total international

 

 

1,011.1

 

 

 

1,021.0

 

 

 

913.0

 

Total

 

$

1,861.2

 

 

$

1,855.5

 

 

$

1,678.2

 

 

Long-lived assets (c):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,109.9

 

 

$

990.1

 

 

$

854.6

 

International

 

 

 

 

 

 

 

 

 

 

 

 

United Kingdom

 

 

133.4

 

 

 

116.2

 

 

 

92.6

 

France

 

 

112.1

 

 

 

68.7

 

 

 

55.8

 

Spain

 

 

59.8

 

 

 

68.5

 

 

 

73.2

 

Other

 

 

69.3

 

 

 

88.8

 

 

 

75.5

 

Total international

 

 

374.6

 

 

 

342.2

 

 

 

297.1

 

Total consolidated long-lived assets

 

$

1,484.5

 

 

$

1,332.3

 

 

$

1,151.7

 

 

 

(a)

Net sales by geography based on the location in which the product sold was manufactured.

(b)

Net sales to external customers based on the location to which the product sold was delivered.

(c)

Long-lived assets primarily consist of property, plant and equipment, net and goodwill.