Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

Segment Information

Note 10 — Segment Information

The primary measurement used by management to measure the financial performance of each segment is EBIT (earnings before interest and taxes).

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Net sales to external customers:
Mobile Industries	$	465.1		$	400.4		$	908.0		$	767.9
Process Industries		307.5			211.0			591.6			416.9
Aerospace and Defense		83.5			82.7			162.6			174.8
Steel		473.5			317.3			921.5			565.5
	$	1,329.6		$	1,011.4		$	2,583.7		$	1,925.1
Intersegment sales:
Mobile Industries	$	0.1		$	—		$	0.2		$	—
Process Industries		0.8			0.6			1.7			1.3
Steel		31.6			20.8			65.1			42.9
	$	32.5		$	21.4		$	67.0		$	44.2
Segment EBIT:
Mobile Industries	$	66.8		$	68.6		$	134.8		$	108.2
Process Industries		70.3			28.3			137.0			52.4
Aerospace and Defense		3.3			6.1			5.5			18.0
Steel		72.1			43.0			132.1			62.9
Total EBIT for reportable segments	$	212.5		$	146.0		$	409.4		$	241.5
Unallocated corporate expenses		(20.4	)		(17.8	)		(38.4	)		(32.2	)
Interest expense		(9.3	)		(10.0	)		(19.1	)		(19.6	)
Interest income		1.4			0.9			2.9			1.5
Intersegment adjustments		(0.4	)		1.1			0.2			3.6
Income from continuing operations before income taxes	$	183.8		$	120.2		$	355.0		$	194.8

Intersegment sales represent sales between the segments. These sales are eliminated upon consolidation.