Business Segments (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Total sales:
High Performance Materials & Components	$	230.1	$	471.6	$	995.3	$	1,540.7
Advanced Alloys & Solutions	393.3		626.2		1,487.1		1,811.2
	623.4		1,097.8		2,482.4		3,351.9
Intersegment sales:
High Performance Materials & Components	8.8		19.8		53.0		59.2
Advanced Alloys & Solutions	16.6		59.3		105.6		188.8
	25.4		79.1		158.6		248.0
Sales to external customers:
High Performance Materials & Components	221.3		451.8		942.3		1,481.5
Advanced Alloys & Solutions	376.7		566.9		1,381.5		1,622.4
	$	598.0	$	1,018.7	$	2,323.8	$	3,103.9

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Segment operating profit (loss):
High Performance Materials & Components	$	(2.7)	$	68.4	$	63.6	$	198.5
Advanced Alloys & Solutions	(4.1)		30.8		38.1		76.9
Total segment operating profit (loss)	(6.8)		99.2		101.7		275.4
LIFO and net realizable value reserves	—		—		—		(0.1)
Corporate expenses	(10.9)		(16.0)		(31.4)		(50.6)
Closed operations and other expense	(1.1)		(8.2)		(5.3)		(19.2)
Restructuring and other charges (See Note 14)	(2.3)		—		(27.0)		—
Impairment of goodwill (See Note 5)	—		—		(287.0)		—
Joint venture restructuring charges (See Note 6)	—		—		(2.4)		—
Gain on asset sales, net	—		68.2		2.5		89.8
Debt extinguishment charge (See Note 8)	—		—		(21.5)		—
Interest expense, net	(25.1)		(24.2)		(68.7)		(74.9)
Income (loss) before income taxes	$	(46.2)	$	119.0	$	(339.1)	$	220.4