SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2014

Summarized segment information for our four continuing segments for the three months ended March 31 is as follows:



	Three Months Ended March 31,
Net Sales:	2014		2013
Aerospace Materials
Sales to external customers	$	243.4	$	236.0
Intersegment sales	—		0.1
Industrial Materials	83.2		84.0
In Process Separation	96.2		88.8
Additive Technologies
Sales to external customers	66.2		68.6
Intersegment sales	—		0.2
Net sales from segments	$	489.0	$	477.7
Elimination of intersegment revenue	—		(0.3		)
Total consolidated net sales	$	489.0	$	477.4



	Three Months Ended March 31,
Earnings from operations:	2014		% of Sales		2013			% of Sales
Aerospace Materials	$	37.9	16	%	$	45.0		19	%
Industrial Materials	8.2		10	%	2.8			3	%
In Process Separation	19.2		20	%	17.7			20	%
Additive Technologies	7.9		12	%	8.9			13	%
Earnings from segments	$	73.2	15	%	$	74.4		16	%
Corporate and Unallocated, net ^{(1) (2)}	4.2				(20.8		)
Total earnings from operations	$	77.4	16	%	$	53.6		11	%

______________________

(1)

For the three months ended March 31, 2014, Corporate and Unallocated includes benefits of $6.2 for net MTM adjustments of our pension and postretirement benefit plans representing the impact of inventory capitalization related to the fourth quarter 2013 MTM adjustment. For the three months ended March 31, 2013, Corporate and Unallocated includes charges of $6.3 for net MTM adjustments of our pension and postretirement benefit plans representing the impact of inventory capitalization related to the fourth quarter 2012 MTM adjustment, restructuring charges of $0.3 for adjustments to previous initiatives, and charges of $0.3 related to costs to divest the Umeco distribution business.

(2)

Corporate and Unallocated also included costs previously allocated to the operations of our discontinued Coating Resins segment of $12.2 for the three months ended March 31, 2013. The 2013 amount included in Corporate and Unallocated relates to the period prior to the divestiture and, as required, these costs were allocated to the remaining operating segments beginning in the second quarter of 2013, following the sale.

- 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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