Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment information for the years ended December 31, 2017, 2016 and 2015 was as follows:

	2017		2016			2015
	(millions of dollars)
Net Sales
Specialty Minerals	$	584.8	$	591.5		$	624.6
Performance Materials		734.8		686.1			694.9
Refractories		279.4		274.5			295.9
Energy Services		76.7		85.9			182.2
Total		1,675.7		1,638.0			1,797.6

Income from Operations
Specialty Minerals		88.9		102.7			100.8
Performance Materials		119.7		121.1			118.4
Refractories		39.8		37.0			27.8
Energy Services		6.1		(25.9	)		(27.9	)
Total		254.5		234.9			219.1

Depreciation, Depletion and Amortization
Specialty Minerals		35.5		34.9			34.0
Performance Materials		40.5		38.9			39.4
Refractories		6.8		6.9			7.5
Energy Services		8.2		11.2			17.4
Total		91.0		91.9			98.3

Segment Assets
Specialty Minerals		519.4		491.7			505.3
Performance Materials		1,989.6		1,942.1			1,965.4
Refractories		307.4		283.4			292.7
Energy Services		110.6		104.7			154.7
Total		2,927.0		2,821.9			2,918.1

Capital Expenditures
Specialty Minerals		32.6		40.4			51.9
Performance Materials		33.1		12.8			11.1
Refractories		5.9		5.9			11.1
Energy Services		4.5		1.4			11.1
Total		76.1		60.5			85.2

Reconciliation of operating income before income taxes, assets, and capital expenditures from segments to consolidated

A reconciliation of the totals reported for the operating segments to the applicable line items in the consolidated financial statements is as follows:

	2017			2016			2015
	(millions of dollars)
Income from Operations before Provision (Benefit) for Taxes on Income
Income from operations for reportable segments	$	254.5		$	234.9		$	219.1
Acquisition related transaction and integration costs		(3.4	)		(8.0	)		(11.8	)
Unallocated corporate expenses		(8.4	)		(6.0	)		(7.0	)
Consolidated income from operations		242.7			220.9			200.3
Non-operating deductions, net		(51.8	)		(50.6	)		(67.7	)
Income from continuing operations before provision (benefit) for taxes on income		190.9			170.3			132.6

Total Assets
Total segment assets		2,927.0			2,821.9			2,918.1
Corporate assets		43.4			41.5			61.9
Consolidated total assets		2,970.4			2,863.4			2,980.0

Capital Expenditures
Total segment capital expenditures		76.1			60.5			85.2
Corporate capital expenditures		0.6			1.9			0.8
Consolidated capital expenditures		76.7			62.4			86.0

Financial information related to operations by geographic area

Financial information relating to the Company's operations by geographic area was as follows:

	2017		2016		2015
	(millions of dollars)
Net Sales
United States	$	939.3	$	936.2	$	1,049.6

Canada/Latin America		81.6		82.6		86.3
Europe/Africa		349.0		338.8		382.1
Asia		305.8		280.4		279.6
Total International		736.4		701.8		748.0
Consolidated net sales		1,675.7		1,638.0		1,797.6

Long-Lived Assets
United States	$	1,774.4	$	1,794.5	$	1,829.3

Canada/Latin America		14.8		14.8		13.0
Europe/Africa		115.9		98.2		117.6
Asia		132.0		127.3		138.3
Total International		262.7		240.3		268.9
Consolidated long-lived assets		2,037.1		2,034.8		2,098.2

Sales by product category

The Company's sales by product category are as follows:

	2017		2016		2015
	(millions of dollars)
Paper PCC	$	377.7	$	387.9	$	423.3
Specialty PCC		66.0		64.3		64.8
Talc		53.8		55.7		55.9
Ground Calcium Carbonate		87.3		83.6		80.6
Metalcasting		294.3		258.0		266.4
Household, Personal Care & Specialty Products		169.6		171.2		172.7
Basic Minerals		125.0		103.9		106.0
Environmental Products		67.7		78.9		69.8
Building Materials		78.2		74.1		80.0
Refractory Products		226.9		219.0		230.7
Metallurgical Products		52.5		55.5		65.2
Energy Services		76.7		85.9		182.2
Total	$	1,675.7	$	1,638.0	$	1,797.6