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Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The following table presents financial information on our segments as of December 31, 2016, 2015 and 2014, and for the years then ended.

 

(In millions)

 

Composite

Materials

 

 

Engineered

Products

 

 

Corporate &

Other

 

 

Total

 

Third-Party Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

1,610.0

 

 

$

394.3

 

 

$

 

 

$

2,004.3

 

2015

 

 

1,458.7

 

 

 

402.5

 

 

 

 

 

 

1,861.2

 

2014

 

 

1,420.9

 

 

 

434.6

 

 

 

 

 

 

1,855.5

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

67.6

 

 

$

0.1

 

 

$

(67.7

)

 

$

 

2015

 

 

70.4

 

 

 

8.5

 

 

 

(78.9

)

 

 

 

2014

 

 

66.7

 

 

 

1.8

 

 

 

(68.5

)

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

368.3

 

 

$

50.0

 

 

$

(58.2

)

 

$

360.1

 

2015

 

 

336.2

 

 

 

55.8

 

 

 

(59.6

)

 

 

332.4

 

2014

 

 

308.8

 

 

 

67.0

 

 

 

(70.0

)

 

 

305.8

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

86.0

 

 

$

7.2

 

 

$

0.1

 

 

$

93.3

 

2015

 

 

70.0

 

 

 

6.1

 

 

 

0.3

 

 

 

76.4

 

2014

 

 

65.5

 

 

 

5.5

 

 

 

0.2

 

 

 

71.2

 

Equity in earnings from affiliated companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

 

 

$

2.5

 

 

$

 

 

$

2.5

 

2015

 

 

0.2

 

 

 

1.8

 

 

 

 

 

 

2.0

 

2014

 

 

 

 

 

1.4

 

 

 

 

 

 

1.4

 

Other expense (income), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

$

 

 

$

 

 

$

6.0

 

 

$

6.0

 

Segment assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

2,127.2

 

 

$

220.7

 

 

$

52.7

 

 

$

2,400.6

 

2015

 

 

1,892.0

 

 

 

239.4

 

 

 

56.0

 

 

 

2,187.4

 

2014

 

 

1,600.7

 

 

 

241.1

 

 

 

194.6

 

 

 

2,036.4

 

Investments in affiliated companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

 

 

$

23.1

 

 

$

30.0

 

 

$

53.1

 

2015

 

 

10.1

 

 

 

20.3

 

 

 

 

 

 

30.4

 

2014

 

 

10.2

 

 

 

24.0

 

 

 

 

 

 

34.2

 

Accrual basis additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

305.2

 

 

$

14.9

 

 

$

0.1

 

 

$

320.2

 

2015

 

 

276.0

 

 

 

13.0

 

 

 

 

 

 

289.0

 

2014

 

 

260.1

 

 

 

10.1

 

 

 

 

 

 

270.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2016, 2015 and 2014:

(In millions)

 

2016

 

 

2015

 

 

2014

 

Net sales by Geography (a):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

957.8

 

 

$

955.4

 

 

$

933.2

 

International

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

335.2

 

 

 

320.6

 

 

 

346.9

 

Spain

 

 

219.7

 

 

 

217.8

 

 

 

183.4

 

Germany

 

 

169.5

 

 

 

83.2

 

 

 

69.8

 

United Kingdom

 

 

154.2

 

 

 

125.1

 

 

 

135.8

 

Austria

 

 

92.8

 

 

 

93.1

 

 

 

112.6

 

Other

 

 

75.1

 

 

 

66.0

 

 

 

73.8

 

Total international

 

 

1,046.5

 

 

 

905.8

 

 

 

922.3

 

Total consolidated net sales

 

$

2,004.3

 

 

$

1,861.2

 

 

$

1,855.5

 

 

Net Sales to External Customers (b):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

833.1

 

 

$

850.1

 

 

$

834.5

 

International

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

 

210.5

 

 

 

163.7

 

 

 

154.8

 

Spain

 

 

204.4

 

 

 

149.7

 

 

 

155.3

 

France

 

 

153.8

 

 

 

140.3

 

 

 

159.1

 

United Kingdom

 

 

95.5

 

 

 

84.2

 

 

 

95.6

 

Other

 

 

507.0

 

 

 

473.2

 

 

 

456.2

 

Total international

 

 

1,171.2

 

 

 

1,011.1

 

 

 

1,021.0

 

Total

 

$

2,004.3

 

 

$

1,861.2

 

 

$

1,855.5

 

 

Long-lived assets (c):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,213.8

 

 

$

1,109.9

 

 

$

990.1

 

International

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

217.2

 

 

 

112.1

 

 

 

68.7

 

United Kingdom

 

 

130.8

 

 

 

133.4

 

 

 

116.2

 

Spain

 

 

56.2

 

 

 

59.8

 

 

 

68.5

 

Other

 

 

79.8

 

 

 

69.3

 

 

 

88.8

 

Total international

 

 

484.0

 

 

 

374.6

 

 

 

342.2

 

Total consolidated long-lived assets

 

$

1,697.8

 

 

$

1,484.5

 

 

$

1,332.3

 

 

 

(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.