Supplementary Financial Statement Information (Tables)

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Disaggregation of Revenue

Net sales by market are presented below:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Automotive	$	1,040.0	$	1,036.7	$	3,212.6	$	3,264.5
Infrastructure and Manufacturing	239.8		277.1		785.6		782.2
Distributors and Converters	255.7		421.8		915.5		1,094.4
Total	$	1,535.5	$	1,735.6	$	4,913.7	$	5,141.1

Net sales by product line are presented below:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Carbon steel	$	1,000.9	$	1,132.6	$	3,202.3	$	3,303.6
Stainless and electrical steel	389.3		454.3		1,264.8		1,363.5
Tubular products, components and other	145.3		148.7		446.6		474.0
Total	$	1,535.5	$	1,735.6	$	4,913.7	$	5,141.1

Inventory

Inventories as of September 30, 2019 and December 31, 2018, are presented below:

	September 30, 2019		December 31, 2018
Finished and semi-finished	$	1,017.5	$	1,054.4
Raw materials	345.2		365.5
Inventory	$	1,362.7	$	1,419.9

Schedule of Intangible Assets

Intangible assets at September 30, 2019 and December 31, 2018, consist of:

	Gross Amount		Accumulated Amortization			Net Amount
As of September 30, 2019
Customer relationships	$	36.6	$	(11.3	)	$	25.3
Technology	23.0		(7.8		)	15.2
Intangible assets	$	59.6	$	(19.1	)	$	40.5
As of December 31, 2018
Customer relationships	$	36.6	$	(7.4	)	$	29.2
Technology	19.3		(4.6		)	14.7
Intangible assets	$	55.9	$	(12.0	)	$	43.9

Investments in Affiliates

Summarized financial statement data for all investees is presented below.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Revenue	$	81.4	$	88.9	$	242.2	$	247.2
Gross profit	21.2		24.5		66.7		69.2
Net income	1.8		6.4		8.8		15.7
Our share of income of equity investees (included in cost of products sold)	0.3		2.5		2.4		5.5