Segment and Geographical Area Information (Tables)

12 Months Ended

Dec. 31, 2012

Summary of financial information by operating segment

The following tables provide financial information by reporting segment for each period or as of each period end, as applicable:



	Year Ended December 31,
	2012			2011			2010
Net Sales:
Fabricated Products	$	1,360.1		$	1,301.3		$	1,078.8
All Other¹	—			—			0.3
Total net sales	$	1,360.1		$	1,301.3		$	1,079.1
Operating Income (Loss):
Fabricated Products ^2,3	$	190.8		$	83.6		$	81.7
All Other⁴	(24.9		)	(28.6		)	(40.6		)
Total operating income	$	165.9		$	55.0		$	41.1
Interest expense	(29.1		)	(18.0		)	(11.8		)
Other income (expense), net	2.8			4.3			(4.2		)
Income before income taxes	$	139.6		$	41.3		$	25.1
Depreciation and Amortization:
Fabricated Products	$	26.0		$	24.8		$	19.4
All Other	0.5			0.4			0.4
Total depreciation and amortization	$	26.5		$	25.2		$	19.8
Capital expenditures:
Fabricated Products	$	43.8		$	32.1		$	38.0
All Other	0.3			0.4			0.9
Total capital expenditures	$	44.1		$	32.5		$	38.9



	December 31, 2012		December 31, 2011		December 31, 2010
Assets:
Fabricated Products	$	771.2	$	637.0	$	525.3
All Other⁵	981.3		683.6		793.6
Total assets	$	1,752.5	$	1,320.6	$	1,318.9

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Net sales in All Other in 2010 represent residual activity involving primary aluminum purchased by the Company from Anglesey while it continued its smelting operations, prior to September 30, 2009, and resold by the Company in the first quarter of 2010. In connection with Anglesey’s remelt operations beginning in the fourth quarter of 2009, the Company changed its basis of revenue recognition from gross to a net basis (see Note 1).

Operating results in the Fabricated Products segment for 2012, 2011 and 2010 included non-cash LIFO inventory (benefits) charges of $(4.9), $(7.1) and $16.5, respectively. Also included in the Fabricated Products segment operating results for 2012, 2011 and 2010 were $1.1, $1.7 and $13.6, respectively, of environmental expense. Fabricated Products segment operating results for 2012 and 2010 also included $4.4 and $3.9 of asset impairment charge relating to certain Property, plant and equipment, respectively.


³	Fabricated Products segment results for 2012, 2011 and 2010 include non-cash mark-to-market gains (losses) on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $15.2, $(29.9) and $(0.7), respectively. For further discussion regarding mark-to-market matters, see Note 12.


⁴	Operating results in All Other represent operating expenses in the Corporate and Other business unit. Operating results of All Other include VEBA net periodic pension benefit (income) costs of $(11.9), $(6.0) and $5.1 for 2012, 2011 and 2010, respectively.


⁵	Assets in All Other represent primarily all of the Company’s cash and cash equivalents, short-term investments, metal and financial derivative assets, net assets in respect of VEBA(s) and net deferred income tax assets.

Schedule of net sales by end market segment applications

Net sales by product categories, which are based on end market applications, for the Fabricated Products segment are as follows:



	Year Ended December 31,
	2012		2011		2010
Net Sales:
Aero/HS Products	$	695.1	$	596.3	$	467.3
GE Products	441.4		447.0		409.3
Automotive Extrusions	125.5		126.9		103.0
Other Products	98.1		131.1		99.2
Total Net Sales	$	1,360.1	$	1,301.3	$	1,078.8

Schedule of net sales, income taxes paid, and long-lived assets, by geographical area

Geographic information for net sales, based on country of origin, income taxes paid, and long-lived assets are as follows:



	Year Ended December 31,
	2012		2011		2010
Net sales to unaffiliated customers:
Fabricated Products —
United States	$	1,256.5	$	1,195.1	$	991.2
Canada	103.6		106.2		87.6
Total Fabricated Products net sales	1,360.1		1,301.3		1,078.8
All Other —
United Kingdom	—		—		0.3
Total All Other net sales	—		—		0.3
Total net sales	$	1,360.1	$	1,301.3	$	1,079.1
Income Taxes Paid:
Fabricated Products —
United States	$	0.5	$	1.7	$	0.1
Canada	1.3		1.8		0.7
Total income taxes paid	$	1.8	$	3.5	$	0.8



	December 31, 2012		December 31, 2011		December 31, 2010
Long-lived assets:¹
Fabricated Products —
United States	$	367.5	$	351.4	$	337.3
Canada	12.5		11.9		11.5
Total Fabricated Products long-lived assets	380.0		363.3		348.8
All Other —
United States	4.3		4.5		5.3
Total All Other long-lived assets	4.3		4.5		5.3
Total long-lived assets	$	384.3	$	367.8	$	354.1

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¹Long-lived assets represent Property, plant and equipment, net.

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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