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Segment Results
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Results
Segment Results. Segment results for the three months ended March 31, 2015 and 2014 were as follows (in millions):
 
Three Months Ended March 31,
 
 
2015
 
2014
Revenue:
 
 
 
Real Estate1:
 
 
 
Leasing
$
32.7

 
$
31.2

Development and sales
36.5

 
71.0

Less amounts reported in discontinued operations
—

 
(70.4
)
Materials and construction
56.9

 
50.1

Agribusiness
28.9

 
12.9

Reconciling item2
(4.3
)
 
—

Total revenue
$
150.7

 
$
94.8

Operating Profit, Net Income:
 
 
 
Real Estate1:
 
 
 
Leasing
$
13.2

 
$
11.8

Development and sales
32.0

 
52.3

Less amounts reported in discontinued operations
—

 
(56.2
)
Materials and construction
7.2

 
3.4

Agribusiness
1.9

 
3.0

Total operating profit
54.3

 
14.3

Interest expense
(7.1
)
 
(7.2
)
General corporate expenses
(5.6
)
 
(5.2
)
Reduction in KRS II carrying value
(0.1
)
 
—

Income from continuing operations before income taxes
41.5

 
1.9

Income tax expense
15.6

 
0.8

Income from continuing operations
25.9

 
1.1

Income from discontinued operations (net of income taxes)
—

 
34.3

Net income
25.9

 
35.4

Income attributable to noncontrolling interest
(0.6
)
 
(0.4
)
Net income attributable to A&B
$
25.3

 
$
35.0


1  
Prior year amounts recast for amounts treated as discontinued operations.
2 
Represents the deduction of revenue from the sale of a 46,500 square foot retail property in Colorado that is classified as "Gain on sale of improved property" in the Condensed Consolidated Statements of Income, but reflected as revenue for segment reporting purposes.