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Revenue (Tables)
9 Months Ended
Sep. 30, 2020
Revenue From Contract With Customer [Abstract]  
Schedule of Revenue By Market The following table details our revenue by market for the quarters and nine months ended September 30, 2020 and 2019:

 

 

Quarter Ended September 30,

 

 

Nine Months Ended September 30,

 

(In millions)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Consolidated Net Sales

 

$

286.9

 

 

$

572.5

 

 

$

1,206.6

 

 

$

1,791.4

 

Commercial Aerospace

 

128.8

 

 

385.9

 

 

 

695.6

 

 

 

1,217.9

 

Space & Defense

 

 

108.8

 

 

 

109.8

 

 

 

328.8

 

 

 

329.4

 

Industrial

 

49.3

 

 

 

76.8

 

 

182.2

 

 

244.1

 

 

Schedule of Activity Related to Contract Assets The activity related to contract assets for the nine months ended September 30, 2020 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Composite Material

 

 

Engineered Products

 

 

Total

 

Balance at December 31, 2019

 

$

12.8

 

 

$

39.9

 

 

$

52.7

 

Net revenue billed

 

 

(1.4

)

 

 

4.6

 

 

 

3.2

 

Balance at March 31, 2020

 

$

11.4

 

 

$

44.5

 

 

$

55.9

 

Net revenue billed

 

 

0.5

 

 

 

(1.7

)

 

 

(1.2

)

Balance at June 30, 2020

 

$

11.9

 

 

$

42.8

 

 

$

54.7

 

Net revenue billed

 

 

(3.2

)

 

 

(2.6

)

 

 

(5.8

)

Balance at September 30, 2020

 

$

8.7

 

 

$

40.2

 

 

$

48.9