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Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The following table presents financial information on our segments as of December 31, 2018, 2017 and 2016, and for the years then ended.

 

(In millions)

 

Composite

Materials

 

 

Engineered

Products

 

 

Corporate &

Other

 

 

Total

 

Third-Party Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

1,770.5

 

 

$

418.6

 

 

$

 

 

$

2,189.1

 

2017

 

 

1,597.1

 

 

376.2

 

 

 

 

 

1,973.3

 

2016

 

 

1,610.0

 

 

394.3

 

 

 

 

 

2,004.3

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

74.6

 

 

$

0.1

 

 

$

(74.7

)

 

 

2017

 

63.6

 

 

0.4

 

 

 

(64.0

)

 

 

2016

 

67.6

 

 

0.1

 

 

 

(67.7

)

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

373.8

 

 

$

50.6

 

 

$

(53.2

)

 

$

371.2

 

2017

 

359.4

 

 

 

48.7

 

 

 

(57.5

)

 

350.6

 

2016

 

368.3

 

 

 

50.0

 

 

 

(58.2

)

 

360.1

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

113.9

 

 

$

9.1

 

 

$

0.1

 

 

$

123.1

 

2017

 

 

96.8

 

 

7.5

 

 

0.2

 

 

 

104.5

 

2016

 

 

86.0

 

 

7.2

 

 

0.1

 

 

 

93.3

 

Equity in earnings from affiliated companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

 

 

$

5.6

 

 

$

 

 

$

5.6

 

2016

 

 

 

3.3

 

 

 

 

 

3.3

 

2016

 

 

 

2.5

 

 

 

 

2.5

 

Other expense (income), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

 

 

$

7.7

 

 

$

 

 

$

7.7

 

Segment assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

2,501.9

 

 

$

272.9

 

 

$

49.3

 

 

$

2,824.1

 

2017

 

 

2,415.5

 

 

279.1

 

 

 

86.3

 

 

 

2,780.9

 

2016

 

 

2,127.2

 

 

220.7

 

 

52.7

 

 

 

2,400.6

 

Investments in affiliated companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

2.4

 

 

$

32.1

 

 

$

14.2

 

 

$

48.7

 

2017

 

 

 

26.5

 

 

 

21.2

 

 

 

47.7

 

2016

 

 

 

23.1

 

 

 

30.0

 

 

53.1

 

Accrual basis additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

173.5

 

 

$

5.6

 

 

$

 

 

$

179.1

 

2017

 

270.3

 

 

14.1

 

 

 

 

 

284.4

 

2016

 

 

305.2

 

 

 

14.9

 

 

0.1

 

 

 

320.2

 

 

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, 2018, 2017 and 2016:

 

(In millions)

 

2018

 

 

2017

 

 

2016

 

Net sales by Geography (a):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,055.9

 

 

$

937.3

 

 

$

957.8

 

International

 

 

 

 

 

 

 

 

 

 

 

 

France

 

369.8

 

 

335.7

 

 

335.2

 

Spain

 

189.5

 

 

 

187.0

 

 

219.7

 

Germany

 

 

216.0

 

 

 

206.0

 

 

169.5

 

United Kingdom

 

167.3

 

 

160.4

 

 

154.2

 

Austria

 

111.4

 

 

86.1

 

 

92.8

 

Other

 

79.2

 

 

60.8

 

 

 

75.1

 

Total international

 

 

1,133.2

 

 

 

1,036.0

 

 

 

1,046.5

 

Total consolidated net sales

 

$

2,189.1

 

 

$

1,973.3

 

 

$

2,004.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales to External Customers (b):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

909.8

 

 

$

806.6

 

 

$

833.1

 

International

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

233.1

 

 

217.7

 

 

210.5

 

Spain

 

194.1

 

 

199.4

 

 

204.4

 

France

 

201.7

 

 

161.5

 

 

153.8

 

United Kingdom

 

 

79.0

 

 

80.1

 

 

95.5

 

Other

 

 

571.4

 

 

 

508.0

 

 

 

507.0

 

Total international

 

 

1,279.3

 

 

 

1,166.7

 

 

 

1,171.2

 

Total

 

$

2,189.1

 

 

$

1,973.3

 

 

$

2,004.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets (c):

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,332.1

 

 

$

1,304.4

 

 

$

1,213.8

 

International

 

 

 

 

 

 

 

 

 

 

 

 

France

 

397.7

 

 

402.7

 

 

217.2

 

United Kingdom

 

146.1

 

 

151.6

 

 

130.8

 

Spain

 

56.6

 

 

61.7

 

 

56.2

 

Other

 

86.3

 

 

94.6

 

 

79.8

 

Total international

 

686.7

 

 

 

710.6

 

 

 

484.0

 

Total consolidated long-lived assets

 

$

2,018.8

 

 

$

2,015.0

 

 

$

1,697.8

 

 

(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.