Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

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. For periods or period-ends prior to March 31, 2014, All Other also included activity relating to Anglesey Aluminum Limited (“Anglesey”). The Company sold its non-controlling interest in Anglesey during the quarter ended December 31, 2013.



	Quarter Ended
	March 31,
	2014			2013
Net sales:
Fabricated Products	$	335.1		$	337.4
Segment operating income (loss):
Fabricated Products ^1,2	$	35.4		$	55.2
All Other³	(3.3		)	(5.2		)
Total operating income	$	32.1		$	50.0
Interest expense	(8.8		)	(9.3		)
Other income, net	1.9			1.0
Income before income taxes	$	25.2		$	41.7
Depreciation and amortization:
Fabricated Products	$	7.2		$	6.9
All Other	0.2			0.1
Total depreciation and amortization	$	7.4		$	7.0
Capital expenditures:
Fabricated Products	$	15.3		$	8.9
All Other	0.1			0.4
Total capital expenditures	$	15.4		$	9.3
Income taxes paid:
Fabricated Products —
United States	$	0.1		$	0.4
Canada	0.6			0.3
Total income taxes paid	$	0.7		$	0.7

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^1.	Operating results in the Fabricated Products segment for the quarter ended March 31, 2014 included a charge of $1.8 as a result of decrementing a prior year, higher cost LIFO layer.


^2.	Fabricated Products segment results include non-cash mark-to-market gains (losses) on primary aluminum, natural gas, electricity and foreign currency hedging activities totaling $2.0 and $(0.7) for the quarters ended March 31, 2014 and March 31, 2013, respectively. For further discussion regarding mark-to-market matters, see Note 8.


^3.	Operating results in All Other include VEBA net periodic pension benefit income of $5.6 for both quarters ended March 31, 2014 and March 31, 2013, respectively.



	March 31, 2014		December 31, 2013
Assets:
Fabricated Products	$	853.7	$	852.5
All Other¹	912.3		918.4
Total assets	$	1,766.0	$	1,770.9

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^1.	Assets in All Other represent primarily all of the Company’s cash and cash equivalents, short-term investments, financial derivative assets, net assets of VEBA(s) (see Note 5) 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,
	2014		2013
Net sales:
Aero/HS products	$	163.6	$	179.6
GE products	112.2		105.8
Automotive Extrusions	40.8		30.8
Other products	18.5		21.2
Total net sales	$	335.1	$	337.4

- 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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