Segment Results (Tables)

3 Months Ended

Mar. 31, 2015

Segment results for the three months ended March 31, 2015 and 2014 were as follows (in millions):



	Three Months Ended March 31,
	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.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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