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Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Information

The primary measurement used by management to measure the financial performance of each segment is EBIT (earnings before interest and taxes).
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2013
2012
2013
2012
Net sales to external customers:
 
 
 
 
Mobile Industries
$
392.5

$
448.2

$
789.5

$
917.3

Process Industries
316.7

336.6

600.6

690.7

Aerospace
82.0

87.2

164.5

178.5

Steel
335.3

471.2

661.8

977.7

 
$
1,126.5

$
1,343.2

$
2,216.4

$
2,764.2

Intersegment sales:
 
 
 
 
Mobile Industries
$
0.6

$
0.2

$
0.7

$
0.2

Process Industries
0.7

1.1

2.0

2.6

Steel
18.8

28.6

38.4

57.6

 
$
20.1

$
29.9

$
41.1

$
60.4

Segment EBIT:
 
 
 
 
Mobile Industries
$
52.4

$
48.8

$
103.6

$
135.5

Process Industries
54.6

71.3

97.2

153.6

Aerospace
7.9

7.9

16.5

18.6

Steel
42.3

88.9

78.1

176.9

Total EBIT for reportable segments
$
157.2

$
216.9

$
295.4

$
484.6

Unallocated corporate expenses
(22.8
)
(23.0
)
(42.7
)
(43.7
)
CDSOA receipts, net of expense
—

109.5

—

109.5

Interest expense
(6.2
)
(8.1
)
(12.6
)
(16.7
)
Interest income
0.5

0.7

1.0

1.4

Intersegment adjustments
0.2

(0.1
)
1.6

(1.7
)
Income before income taxes
$
128.9

$
295.9

$
242.7

$
533.4