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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,492.2 $ 1,689.4 $ 3,011.0 $ 3,440.3
Cost of products sold (exclusive of items shown separately below) 1,325.0 1,579.2 2,690.5 3,187.8
Selling and administrative expenses (exclusive of items shown separately below) 62.2 63.5 125.7 132.7
Depreciation 54.3 55.7 108.0 111.1
Pension and OPEB expense (income) (11.9) (16.1) (23.8) (32.2)
Total operating costs 1,429.6 1,682.3 2,900.4 3,399.4
Operating profit 62.6 7.1 110.6 40.9
Interest expense 41.4 43.5 84.2 87.4
Impairment of Magnetation investment 0.0 0.0 0.0 (256.3)
Other income (expense) 2.1 1.5 1.4 (15.2)
Income (loss) before income taxes 23.3 (34.9) 27.8 (318.0)
Income tax expense (benefit) (10.6) 14.6 (10.5) 22.3
Net income (loss) 33.9 (49.5) 38.3 (340.3)
Less: Net income attributable to noncontrolling interests 16.6 14.5 34.6 30.0
Net income (loss) attributable to AK Steel Holding Corporation $ 17.3 $ (64.0) $ 3.7 $ (370.3)
Basic and diluted earnings per share:        
Net income (loss) attributable to AK Steel Holding Corporation common stockholders (in dollars per share) $ 0.08 $ (0.36) $ 0.02 $ (2.08)