Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Summary of financial information by operating segment

	Quarter Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Net sales:
Fabricated Products	$	367.2		$	344.1		$	738.9		$	679.2
Segment operating (loss) income:
Fabricated Products1	$	50.6		$	50.2		$	95.5		$	85.6
All Other2	(13.6		)	(3.8		)	(517.1		)	(7.1		)
Total operating (loss) income	$	37.0		$	46.4		$	(421.6	)	$	78.5
Interest expense	(5.2		)	(9.2		)	(15.0		)	(18.0		)
Other income, net	0.4			1.8			0.8			3.7
(Loss) income before income taxes	$	32.2		$	39.0		$	(435.8	)	$	64.2
Depreciation and amortization:
Fabricated Products	$	8.0		$	7.7		$	15.9		$	14.9
All Other	0.1			—			0.2			0.2
Total depreciation and amortization	$	8.1		$	7.7		$	16.1		$	15.1
Capital expenditures:
Fabricated Products	$	11.5		$	14.2		$	22.7		$	29.5
All Other	0.1			0.5			0.2			0.6
Total capital expenditures	$	11.6		$	14.7		$	22.9		$	30.1

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¹  Fabricated Products segment operating income included non-cash mark-to-market (losses) gains on primary aluminum, natural gas, electricity and foreign currency hedging activities totaled $(1.5) million and $1.5 million for the quarters ended June 30, 2015 and June 30, 2014, respectively. Non-cash mark-to-market (losses) gains on primary aluminum, natural gas, electricity and foreign currency hedging activities totaled $(6.0) million and $3.5 million for the six months ended June 30, 2015 and June 30, 2014, respectively. For further discussion regarding mark-to-market matters, see Note 8.

²  Operating loss in All Other included Net periodic postretirement benefit cost (income) of $0.6 million and $(6.1) million for the quarters ended June 30, 2015 and June 30, 2014, respectively, and $1.2 million and $(11.7) million for the six months ended June 30, 2015 and June 30, 2014, respectively. Additionally, operating loss in All Other included Loss on removal of Union VEBA net assets of $1.6 million and $493.8 million during the quarter and six months endedJune 30, 2015, respectively. See Note 5 for further details.

	June 30, 2015		December 31, 2014
Assets:
Fabricated Products	$	900.1	$	878.9
All Other1	351.2		864.8
Total assets	$	1,251.3	$	1,743.7

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¹  Assets in All Other represent primarily all of our cash and cash equivalents, short-term investments, financial derivative assets, net assets of VEBAs (see Note 5 and Note 9) and net deferred income tax assets.

Schedule of net sales by end market segment applications

Net sales by product categories based on end market applications for the Fabricated Products segment were as follows (in millions of dollars):

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Net sales:
Aero/HS products	$	181.1	$	173.0	$	361.4	$	336.6
Automotive Extrusions	53.7		44.7		103.8		85.5
GE products	112.0		107.3		231.1		219.5
Other products	20.4		19.1		42.6		37.6
Total net sales	$	367.2	$	344.1	$	738.9	$	679.2

Schedule of income taxes paid by geographical area

Geographic information for income taxes paid were as follows (in millions of dollars):

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Income taxes paid:
Fabricated Products —
United States	$	0.2	$	0.1	$	0.3	$	0.2
Canada	0.4		0.3		1.3		0.9
Total income taxes paid	$	0.6	$	0.4	$	1.6	$	1.1

Schedule of information for contractual delivery of primary aluminum supply from major suppliers

Information for contractual delivery of our primary aluminum supply from our major suppliers were as follows:

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Percentage of Total Annual Primary Aluminum Supply (lbs):
Supply from the Company's top five major suppliers	86	%	83	%	87	%	84	%
Supply from the Company's largest supplier	27	%	29	%	28	%	30	%
Supply from the Company's second and third largest suppliers	36	%	30	%	35	%	32	%