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Segment Results (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Results
Segment results for the three and nine months ended September 30, 2015 and 2014 were as follows (in millions):
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2015
 
2014
 
2015
 
2014
Revenue:
 
 
 
 
 
 
 
Real Estate1:
 
 
 
 
 
 
 
Leasing
$
33.0

 
$
31.3

 
$
100.5

 
$
93.5

Development and sales
19.9

 
18.2

 
108.8

 
110.6

Less amounts reported in discontinued operations

 

 

 
(70.4
)
Materials and construction
51.0

 
58.4

 
165.3

 
173.1

Agribusiness
40.8

 
45.5

 
95.5

 
88.2

Reconciling item2

 

 
(21.0
)
 

Total revenue
$
144.7

 
$
153.4

 
$
449.1

 
$
395.0

Operating Profit (Loss), Net Income:
 
 
 
 
 
 
 
Real Estate1:
 
 
 
 
 
 
 
Leasing
$
12.5

 
$
12.1

 
$
39.6

 
$
35.9

Development and sales
11.2

 
11.4

 
57.5

 
71.5

Less amounts reported in discontinued operations

 

 

 
(56.2
)
Materials and construction
7.5

 
5.9

 
21.7

 
17.3

Agribusiness
(9.0
)
 
(7.3
)
 
(11.8
)
 
(3.8
)
Total operating profit
22.2

 
22.1

 
107.0

 
64.7

Interest expense
(6.5
)
 
(7.2
)
 
(20.2
)
 
(21.6
)
General corporate expenses
(4.8
)
 
(3.9
)
 
(15.7
)
 
(13.5
)
Reduction in KRS II carrying value
(0.1
)
 
(15.1
)
 
(1.7
)
 
(15.1
)
Income (loss) from continuing operations before income taxes
10.8

 
(4.1
)
 
69.4

 
14.5

Income tax expense (benefit)
3.8

 
(14.9
)
 
26.4

 
(7.6
)
Income from continuing operations
7.0

 
10.8

 
43.0

 
22.1

Income from discontinued operations, net of income taxes

 

 

 
34.3

Net income
7.0

 
10.8

 
43.0

 
56.4

Income attributable to noncontrolling interest
(0.3
)
 
(0.6
)
 
(1.2
)
 
(2.0
)
Net income attributable to A&B
$
6.7

 
$
10.2

 
$
41.8

 
$
54.4


1  
Prior year amounts recast for amounts treated as discontinued operations.
2 
Represents the sales of a Colorado retail property in March 2015 and a Texas office building in May 2015 that are classified as "Gain on the sale of improved property" in the Condensed Consolidated Statements of Income, but reflected as revenue for segment reporting purposes.