OPERATIONS BY SEGMENT AND GEOGRAPHIC AREAS AND IDENTIFIABLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

Selected Information in Relation to Continuing Operations

Following is selected information in relation to our continuing operations for the periods indicated as revised for all periods presented in accordance with our business segment structure:



	Aerospace Materials			Industrial Materials			In Process Separation			Additive Technologies			Total Segments
2014
Net sales to external customers	$	1,000.1		$	325.8		$	410.5		$	271.3		$	2,007.7
Intersegment net sales	1.3			—			—			—			1.3
Total net sales	$	1,001.4		$	325.8		$	410.5		$	271.3		$	2,009.0
Earnings from operations	$	178.2		$	30.8		$	95.6		$	33.9		$	338.5
Percentage of sales	17.8		%	9.5		%	23.3		%	12.5		%	16.8		%
Total assets	$	1,220.2		$	461.3		$	470.1		$	207.9		$	2,359.5
Capital expenditures	$	67.1		$	8.3		$	64.1		$	6.6		$	146.1
Depreciation and amortization	$	30.0		$	17.5		$	18.3		$	11.0		$	76.8
2013
Net sales to external customers	$	960.8		$	316.3		$	382.7		$	275.2		$	1,935.0
Intersegment net sales	1.5			—			—			0.3			1.8
Total net sales	$	962.3		$	316.3		$	382.7		$	275.5		$	1,936.8
Earnings from operations	$	177.6		$	19.0		$	86.5		$	39.6		$	322.7
Percentage of sales	18.5		%	6.0		%	22.6		%	14.4		%	16.7		%
Total assets	$	1,136.7		$	483.5		$	445.0		$	211.1		$	2,276.3
Capital expenditures	$	144.8		$	4.9		$	109.8		$	12.4		$	271.9
Depreciation and amortization	$	26.0		$	17.6		$	15.3		$	11.8		$	70.7
2012
Net sales to external customers	$	877.1		$	176.4		$	384.2		$	270.4		$	1,708.1
Intersegment net sales	—			—			—			0.8			0.8
Total net sales	$	877.1		$	176.4		$	384.2		$	271.2		$	1,708.9
Earnings from operations	$	168.5		$	11.4		$	95.3		$	40.8		$	316.0
Percentage of sales	19.2		%	6.5		%	24.8		%	15.0		%	18.5		%
Total assets	$	1,014.6		$	520.4		$	369.1		$	206.8		$	2,110.9
Capital expenditures	$	68.5		$	5.1		$	60.4		$	11.1		$	145.1
Depreciation and amortization	$	26.3		$	8.4		$	16.9		$	13.6		$	65.2

Reconciliation of Selected Segment Information to Corresponding Amounts Contained in Consolidated Financial Statements

The following table provides a reconciliation of selected segment information to corresponding amounts contained in our consolidated financial statements:



	2014			2013			2012
Net sales:
Net sales from segments	$	2,009.0		$	1,936.8		$	1,708.9
Elimination of intersegment revenue	(1.3		)	(1.8		)	(0.8		)
Total consolidated net sales	$	2,007.7		$	1,935.0		$	1,708.1
Earnings from operations:
Earnings from segments	$	338.5		$	322.7		$	316.0
Corporate and unallocated⁽¹⁾	(104.8		)	(13.3		)	(183.8		)
Total consolidated earnings from operations	$	233.7		$	309.4		$	132.2
Total assets:
Assets from segments	$	2,359.5		$	2,276.3		$	2,110.9
Other assets⁽²⁾	407.7			404.2			1,813.3
Total consolidated assets	$	2,767.2		$	2,680.5		$	3,924.2


(1)	For 2014, corporate and unallocated included the following pre-tax charges: net MTM adjustments of $80.2 for our pension and postretirement benefit plans (including the impact of inventory capitalization); costs of $5.7 in connection with a lockout of employees at one of our plants; and net restructuring charges of $1.0 related to adjustments to our 2013 and 2012 initiatives.

For 2013, corporate and unallocated included the following pre-tax charges: restructuring charges of $6.9 for 2013 initiatives within Industrial Materials and Aerospace Materials to reduce costs associated with the acquired Umeco business; charges of $3.0 for the write down of certain manufacturing assets in our Nagpur, India facility; charges of $1.2 for costs to divest the Industrial Materials distribution product line; and benefits of $27.4 for net MTM adjustments of our pension and postretirement benefit plans (including the impact of inventory capitalization).

For 2012, it included the following net pre-tax charges: $55.5 for net MTM adjustments of our pension and postretirement benefit plans (including the impact of inventory capitalization); restructuring charges of $21.2 for personnel reductions in the Umeco business and across corporate functions to mitigate continuing costs following the anticipated sale of Coatings; charges of $16.7 for recognition in 2012 for the loss on the sale of the Stamford facility sale that occurred in 2011; charges of $8.4 related to costs incurred for the acquisition of Umeco; and accelerated depreciation of $2.5 for the sale-leaseback of our Stamford facility treated as a financing transaction.

Corporate and unallocated also included costs previously allocated to the operations of our discontinued Coatings business of $12.2 for 2013 and $66.5 for 2012.


(2)	At December 31, 2014, 2013 and 2012, this included cash and cash equivalents of $133.9, $151.8, and $179.3, respectively. At December 31, 2012, includes assets held for sale of $1,471.5.

Operations by Geographic Areas

Unallocated assets are primarily cash and cash equivalents, miscellaneous receivables, construction in progress, deferred taxes, and the fair values of derivatives.



	2014		2013		2012
Net Sales:
United States	$	912.8	$	865.2	$	782.1
Other Americas	227.2		216.6		195.0
Asia / Pacific	236.7		244.2		218.3
Europe, Middle East and Africa	631.0		609.0		512.7
Total consolidated net sales	$	2,007.7	$	1,935.0	$	1,708.1
U.S. exports included in net sales above:
Other Americas	$	104.9	$	106.9	$	83.0
Asia / Pacific	46.0		42.7		33.7
Europe, Middle East and Africa	103.1		99.2		103.9
Total U.S. exports included in consolidated net sales	$	254.0	$	248.8	$	220.6
Identifiable assets:
United States	$	1,112.9	$	1,050.2	$	1,054.7
Other Americas	277.0		123.7		121.9
Asia / Pacific	146.5		131.3		119.2
Europe, Middle East and Africa	448.8		472.8		418.1
Total identifiable assets	1,985.2		1,778.0		1,713.9
Equity in net assets of and advances to associated companies	—		1.3		1.7
Unallocated assets⁽¹⁾	782.0		901.2		2,208.6
Total assets	$	2,767.2	$	2,680.5	$	3,924.2


(1)	At December 31, 2014, 2013 and 2012, this includes cash and cash equivalents of $133.9, $151.8, and $179.3, respectively. At December 31, 2012, includes assets held for sale of $1,471.5.

- 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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