Business, Product and Geographical Area Information

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business, Product and Geographical Area Information

13. Business, Product and Geographical Area Information

Our primary line of business is the production of semi-fabricated specialty aluminum mill products, such as bare and coated coils, plate and sheet and extruded and drawn products, for the following end market applications: (i) aerospace and high strength (“Aero/HS products”); (ii) beverage and food packaging products (“Packaging”); (iii) general engineering (“GE products”); (iv) automotive (“Automotive Extrusions”); and (v) other industrial (“Other products”). We operate 13 focused production facilities in the United States and one in Canada. Our chief operating decision maker reviews and evaluates our business as a single operating segment.

The following table presents Net sales by end market applications and by timing of control transfer (in millions of dollars):

	Quarter Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net sales:
Aero/HS products	$	225.1	$	175.4	$	439.1	$	352.0
Packaging		354.7		450.7		708.9		898.7
GE products		159.4		247.7		321.5		498.9
Automotive Extrusions		68.4		71.6		139.2		135.4
Other products		6.5		8.8		13.0		18.0
Total net sales	$	814.1	$	954.2	$	1,621.7	$	1,903.0
Timing of revenue recognition:
Products transferred at a point in time	$	622.6	$	762.9	$	1,247.4	$	1,534.9
Products transferred over time		191.5		191.3		374.3		368.1
Total net sales	$	814.1	$	954.2	$	1,621.7	$	1,903.0

The following table presents geographic information for income taxes paid (in millions of dollars):

	Quarter Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Income taxes paid:
Domestic	$	0.2	$	2.3	$	0.3	$	2.4
Foreign		—		1.0		0.2		1.0
Total income taxes paid	$	0.2	$	3.3	$	0.5	$	3.4