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Business Segments (Tables)
6 Months Ended
Jun. 30, 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 June 30,
 
Six months ended June 30,
 
2018
 
2017
 
2018
 
2017
Total sales:
 
 
 
 
 
 
 
High Performance Materials & Components
$
611.7

 
$
543.3

 
$
1,191.1

 
$
1,067.0

Flat Rolled Products
439.3

 
373.2

 
878.4

 
746.2

 
1,051.0

 
916.5

 
2,069.5

 
1,813.2

Intersegment sales:
 
 
 
 
 
 
 
High Performance Materials & Components
19.8

 
16.9

 
38.5

 
30.2

Flat Rolled Products
21.7

 
19.4

 
42.5

 
36.9

 
41.5

 
36.3

 
81.0

 
67.1

Sales to external customers:
 
 
 
 
 
 
 
High Performance Materials & Components
591.9

 
526.4

 
1,152.6

 
1,036.8

Flat Rolled Products
417.6

 
353.8

 
835.9

 
709.3

 
$
1,009.5

 
$
880.2

 
$
1,988.5

 
$
1,746.1



 
Three months ended June 30,
 
Six months ended June 30,
 
2018
 
2017
 
2018
 
2017
Operating profit:
 
 
 
 
 
 
 
High Performance Materials & Components
$
97.9

 
$
68.0

 
$
183.4

 
$
118.9

Flat Rolled Products
26.1

 
2.9

 
37.0

 
21.9

Total operating profit
124.0

 
70.9

 
220.4

 
140.8

LIFO and net realizable value reserves

 
(0.1
)
 

 
(0.1
)
Corporate expenses
(12.9
)
 
(11.8
)
 
(26.1
)
 
(22.1
)
Closed operations and other expenses
(5.1
)
 
(13.2
)
 
(13.2
)
 
(16.2
)
Gain on joint venture deconsolidation (See Note 5)

 

 
15.9

 

Interest expense, net
(25.5
)
 
(34.5
)
 
(51.0
)
 
(68.0
)
Income before income taxes
$
80.5

 
$
11.3

 
$
146.0

 
$
34.4