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Segment Information (Tables)
 9 Months Ended
Sep. 30, 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Net Sales:
 
 
 
 
 
 
 
Fabricated Products
$
319.9

 
$
335.5

 
$
986.2

 
$
1,046.1

Segment Operating Income (Loss):
 
 
 
 
 
 
 
Fabricated Products 1,2
$
44.8

 
$
62.5

 
$
145.0

 
$
161.7

All Other3
(3.2
)
 
(6.3
)
 
(13.3
)
 
(19.7
)
Total operating income
$
41.6

 
$
56.2

 
$
131.7

 
$
142.0

Interest expense
(8.8
)
 
(9.2
)
 
(27.1
)
 
(19.8
)
Other income, net
2.9

 
0.4

 
3.1

 
2.2

Income before income taxes
$
35.7

 
$
47.4

 
$
107.7

 
$
124.4

Depreciation and Amortization:
 
 
 
 
 
 
 
Fabricated Products
$
6.8

 
$
6.6

 
$
20.6

 
$
19.3

All Other
0.1

 
0.1

 
0.3

 
0.3

Total depreciation and amortization
$
6.9

 
$
6.7

 
$
20.9

 
$
19.6

Capital expenditures:
 
 
 
 
 
 
 
Fabricated Products
$
21.0

 
$
8.8

 
$
46.4

 
$
25.5

All Other
—

 
—

 
0.6

 
0.2

Total capital expenditures
$
21.0

 
$
8.8

 
$
47.0

 
$
25.7

Income Taxes Paid:
 
 
 
 
 
 
 
Fabricated Products —
 
 
 
 
 
 
 
United States
$
0.3

 
$
—

 
$
0.9

 
$
0.1

Canada
0.2

 
0.4

 
0.9

 
0.8

Total income taxes paid
$
0.5

 
$
0.4

 
$
1.8

 
$
0.9

______________________

1. 
Operating results in the Fabricated Products segment for the quarters ended September 30, 2013 and September 30, 2012 included net non-cash LIFO benefits of $6.8 and $5.7, respectively. Operating results in the Fabricated Products segment for the nine months ended September 30, 2013 and September 30, 2012 included net non-cash LIFO benefits of $19.7 and $13.5, respectively.
2. 
Fabricated Products segment results include non-cash mark-to-market gains on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $1.5 and $12.3 for the quarters ended September 30, 2013 and September 30, 2012, respectively. Non-cash mark-to-market (losses) gains on primary aluminum, natural gas, electricity and foreign currency hedging activities totaled $(3.4) and $15.3 for the nine months ended September 30, 2013 and September 30, 2012, respectively. For further discussion regarding mark-to-market matters, see Note 9.
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 $2.9 for the quarters ended September 30, 2013 and September 30, 2012, respectively. VEBA net periodic pension benefit income was $16.9 and $8.9 for the nine months ended September 30, 2013 and September 30, 2012, respectively.
 
September 30, 2013
 
December 31, 2012
Assets:
 
 
 
Fabricated Products
$
834.7

 
$
771.2

All Other1
957.3

 
981.3

Total assets
$
1,792.0

 
$
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) (see Note 6) 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Net Sales:
 
 
 
 
 
 
 
Aero/HS Products
$
163.9

 
$
167.9

 
$
508.6

 
$
523.5

GE Products
102.7

 
115.0

 
318.7

 
347.7

Automotive Extrusions
33.8

 
29.8

 
95.6

 
97.3

Other Products
19.5

 
22.8

 
63.3

 
77.6

Total Net Sales
$
319.9

 
$
335.5

 
$
986.2

 
$
1,046.1