Segment and Geographical Area Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Summary of financial information by operating segment

The following tables provide financial information by reporting segment for each period or as of each period-end, as applicable:

	Quarter Ended
	March 31,
	2013			2012
Net Sales:
Fabricated Products	$	337.4		$	365.4
Segment Operating Income (Loss):
Fabricated Products 1,2	$	55.2		$	54.1
All Other3	(5.2		)	(7.9		)
Total operating income	$	50.0		$	46.2
Interest expense	(9.3		)	(4.1		)
Other income, net	1.0			0.7
Income before income taxes	$	41.7		$	42.8
Depreciation and Amortization:
Fabricated Products	$	6.9		$	6.2
All Other	0.1			0.1
Total depreciation and amortization	$	7.0		$	6.3
Capital expenditures:
Fabricated Products	$	8.9		$	8.8
All Other	0.4			0.2
Total capital expenditures	$	9.3		$	9.0
Income Taxes Paid:
Fabricated Products —
United States	$	0.4		$	—
Canada	0.3			0.2
Total income taxes paid	$	0.7		$	0.2

______________________

^1.  Operating results in the Fabricated Products segment for the quarters ended March 31, 2013 and March 31, 2012 included net non-cash LIFO benefits of $3.7 and $2.9, respectively.

^2.  Fabricated Products segment results include non-cash mark-to-market (losses) gains on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $(0.7) and $3.1 for the quarters ended March 31, 2013 and March 31, 2012, respectively. For further discussion regarding mark-to-market matters, see Note 8.

^3.  Operating results in All Other represent operating expenses in the Corporate and Other business unit. Operating results of All Other include VEBA net periodic pension benefit income of $5.6 and $3.0 for the quarters ended March 31, 2013 and March 31, 2012, respectively.

	March 31, 2013		December 31, 2012
Assets:
Fabricated Products	$	812.9	$	771.2
All Other1	951.5		981.3
Total assets	$	1,764.4	$	1,752.5

_____________________

^1.  Assets in All Other represent primarily all of the Company’s cash and cash equivalents, short-term investments, financial derivative assets, net assets in respect of VEBA(s) and net deferred income tax assets.

Schedule of net sales by end market segment applications

Net sales by product categories, which are based on end market applications, for the Fabricated Products segment are as follows:

	Quarter Ended
	March 31,
	2013		2012
Net Sales:
Aero/HS Products	$	179.6	$	184.7
GE Products	105.8		119.2
Automotive Extrusions	30.8		34.4
Other Products	21.2		27.1
Total Net Sales	$	337.4	$	365.4