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Business Segments (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
Following is certain financial information with respect to the Company’s business segments for the periods indicated (in millions):
 
 
Three months ended March 31,
 
 
2018
 
2017
Total sales:
 
 
 
 
High Performance Materials & Components
 
$
579.4

 
$
523.7

Flat Rolled Products
 
439.1

 
373.0

 
 
1,018.5

 
896.7

Intersegment sales:
 
 
 
 
High Performance Materials & Components
 
18.7

 
13.3

Flat Rolled Products
 
20.8

 
17.5

 
 
39.5

 
30.8

Sales to external customers:
 
 
 
 
High Performance Materials & Components
 
560.7

 
510.4

Flat Rolled Products
 
418.3

 
355.5

 
 
$
979.0

 
$
865.9



 
 
Three months ended March 31,
 
 
2018
 
2017
Operating profit:
 
 
 
 
High Performance Materials & Components
 
$
85.5

 
$
50.9

Flat Rolled Products
 
10.9

 
19.0

Total operating profit
 
96.4

 
69.9

LIFO and net realizable value reserves
 

 

Corporate expenses
 
(13.2
)
 
(10.3
)
Closed operations and other expenses
 
(8.1
)
 
(3.0
)
Gain on joint venture deconsolidation (See Note 5)
 
15.9

 

Interest expense, net
 
(25.5
)
 
(33.5
)
Income before income taxes
 
$
65.5

 
$
23.1