Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the quarter and nine months ended September 30, 2019 and 2018 were as follows:

	(Unaudited)
	Composite		Engineered		Corporate &
(In millions)	Materials		Products		Other (a)			Total
Third Quarter 2019
Net sales to external customers	$	448.0	$	124.5	$	—		$	572.5
Intersegment sales		23.3	—			(23.3	)		—
Total sales	$	471.3	$	124.5	$	(23.3	)	$	572.5
Operating income		100.1		20.3		(10.5	)		109.9
Depreciation and amortization		30.7		3.7		—			34.4
Stock-based compensation		1.2		0.2		1.0			2.4
Accrual basis additions to capital expenditures		51.0		2.3		—			53.3
Third Quarter 2018
Net sales to external customers	$	432.8	$	107.7	$	—		$	540.5
Intersegment sales		17.2		—		(17.2	)		—
Total sales	$	450.0	$	107.7	$	(17.2	)	$	540.5
Operating income		92.5		15.5		(11.5	)		96.5
Depreciation and amortization		28.9		2.3		—			31.2
Stock-based compensation		1.2		0.2		0.6			2.0
Accrual basis additions to capital expenditures		41.4		2.1		—			43.5
Nine Months Ended September 30, 2019
Net sales to external customers	$	1,419.7	$	371.7	$	—		$	1,791.4
Intersegment sales		64.0		0.1		(64.1	)		—
Total sales	$	1,483.7	$	371.8	$	(64.1	)	$	1,791.4
Operating income		324.4		51.4		(48.0	)		327.8
Depreciation and amortization		95.7		11.3		0.1			107.1
Stock-based compensation		6.4		1.4		8.1			15.9
Accrual basis additions to capital expenditures		156.8		4.1		—			160.9
Nine Months Ended September 30, 2018
Net sales to external customers	$	1,323.2	$	304.9	$	—		$	1,628.1
Intersegment sales		56.7		—		(56.7	)		—
Total sales	$	1,379.9	$	304.9	$	(56.7	)	$	1,628.1
Operating income		276.6		41.3		(42.5	)		275.4
Depreciation and amortization		83.9		6.8		0.1			90.8
Stock-based compensation		5.7		1.0		7.3			14.0
Accrual basis additions to capital expenditures		130.1		3.4		—			133.5

(a) We do not allocate corporate expenses to the operating segments.

Schedule of Goodwill and Intangible Assets by Segment

Goodwill and Intangible Assets	Composite			Engineered
(In millions)	Materials			Products			Total
Balance at December 31, 2018	$	98.2		$	44.1		$	142.3
Amortization Expense		(1.6	)		(3.8	)		(5.4	)
Additions		—			145.1			145.1
Currency translation adjustments		(2.6	)	—				(2.6	)
Balance at September 30, 2019	$	94.0		$	185.4		$	279.4