Document_and_Entity_Informatio
Document and Entity Information (USD $) | 9 Months Ended | ||
Sep. 30, 2013 | Oct. 25, 2013 | Jun. 30, 2012 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'Noranda Aluminum Holding CORP | ' | ' |
Entity Central Index Key | '0001422105 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Document Type | '10-Q | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 68,023,680 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $268,300,000 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Mar. 03, 2008 |
In Millions, unless otherwise specified | ||||||
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $63.90 | $36.10 | $36.10 | $33.90 | $42.70 | ' |
Accounts receivable, net | 105.7 | ' | 106.6 | ' | ' | ' |
Inventories, net | 193.7 | ' | 195.8 | ' | ' | ' |
Income Taxes Receivable, Current | 4.4 | ' | 2 | ' | ' | ' |
Prepaid expenses | 5.5 | ' | 8.9 | ' | ' | ' |
Other current assets | 14.7 | ' | 18.9 | ' | ' | ' |
Total current assets | 387.9 | ' | 368.3 | ' | ' | ' |
Property, plant and equipment, net | 682.4 | ' | 694.5 | ' | ' | ' |
Goodwill | 137.6 | ' | 137.6 | ' | ' | ' |
Other intangible assets, net | 56.7 | ' | 61.2 | ' | ' | ' |
Other assets | 93.4 | ' | 96.1 | ' | ' | ' |
Assets | 1,358 | ' | 1,357.70 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Accounts payable | 98 | ' | 107.2 | ' | ' | ' |
Accrued liabilities | 69.5 | ' | 58.8 | ' | ' | ' |
Derivative Liabilities, Current | 4.5 | ' | 1.8 | ' | ' | ' |
Current deferred tax liabilities, net | 10.1 | ' | 16.8 | ' | ' | ' |
Current portion of long-term debt | 4.9 | ' | 3.3 | ' | ' | ' |
Total current liabilities | 187 | ' | 187.9 | ' | ' | ' |
Long-term debt, net | 644.2 | ' | 592.4 | ' | ' | ' |
Long-term derivative liabilities, net | 0 | ' | 0.1 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 186.3 | ' | 187.2 | ' | ' | ' |
Other long-term liabilities | 50.2 | ' | 52.3 | ' | ' | ' |
Long-term deferred tax liabilities | 168.8 | ' | 183.5 | ' | ' | ' |
Common stock subject to redemption | 0 | ' | 2 | ' | ' | 2 |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock (25.0 shares authorized, $0.01 par value; no shares issued and outstanding at September 30, 2013 and December 31, 2012) | 0 | ' | 0 | ' | ' | ' |
Common stock (200.0 shares authorized; $0.01 par value; 68.0 shares issued and outstanding at September 30, 2013; 67.7 shares issued and outstanding at December 31, 2012, including 0.2 shares subject to redemption at December 31, 2012) | 0.7 | ' | 0.7 | ' | ' | ' |
Capital in excess of par value | 238.4 | ' | 233.4 | ' | ' | ' |
Retained earnings (accumulated deficit) | -20.2 | ' | 17.9 | ' | ' | ' |
Accumulated other comprehensive income (loss) | -103.4 | ' | -105.7 | ' | ' | ' |
Total shareholders' equity | 115.5 | ' | 146.3 | ' | ' | ' |
Non-controlling interest | 6 | ' | 6 | ' | ' | ' |
Total equity | 121.5 | ' | 152.3 | ' | 259.6 | ' |
Total liabilities and equity | $1,358 | ' | $1,357.70 | ' | ' | ' |
Consolidated_Balance_Sheets_Co
Consolidated Balance Sheets Consolidated Balance Sheets (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Common stock, shares subject to redemption | 0 | 200,000 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 68,000,000 | 67,700,000 |
Common stock, shares outstanding | 68,000,000 | 67,700,000 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Sales | $339.90 | $336.80 | $1,030.30 | $1,062 |
Operating costs and expenses: | ' | ' | ' | ' |
Cost of Goods Sold | 333.3 | 323.3 | 973.1 | 959.4 |
Selling, General and Administrative Expense | 23.7 | 24.3 | 69.8 | 64.8 |
Total operating costs and expenses | 357 | 347.6 | 1,042.90 | 1,024.20 |
Operating income (loss) | -17.1 | -10.8 | -12.6 | 37.8 |
Other (income) expense: [Abstract] | ' | ' | ' | ' |
Interest Expense | 12.6 | 8.9 | 34.9 | 24.2 |
(Gain) loss on hedging activities, net | 2.4 | -25.4 | 0 | -62.5 |
Interest and Debt Expense | 0 | 0 | 2.5 | 8.1 |
Total other income, net | 15 | -16.5 | 37.4 | -30.2 |
Income (loss) before income taxes | -32.1 | 5.7 | -50 | 68 |
Income tax expense | -13.9 | 1.9 | -20.1 | 22.7 |
Net Income (Loss) Attributable to Parent | ($18.20) | $3.80 | ($29.90) | $45.30 |
Net income per common share: | ' | ' | ' | ' |
Basic net income per common share | ($0.27) | $0.06 | ($0.44) | $0.67 |
Diluted net income per common share | ($0.27) | $0.05 | ($0.44) | $0.66 |
Weighted-average common shares outstanding: | ' | ' | ' | ' |
Basic weighted-average common shares outstanding | 68.01 | 67.68 | 67.9 | 67.49 |
Diluted weighted-average common shares outstanding | 68.01 | 69.12 | 67.9 | 69.1 |
Cash dividends declared per common share | $0.04 | $0.04 | $0.12 | $1.37 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income (loss) | ($18.20) | $3.80 | ($29.90) | $45.30 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax | 0 | -16.7 | 0 | -16.7 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | 3.5 | 2.9 | 10.4 | 8.6 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 0 | -0.1 | 0 | -3.5 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | 0 | -25.3 | -6.4 | -64.3 |
Other Comprehensive Income (Loss), before Tax | 3.5 | -39.2 | 4 | -75.9 |
Income tax benefit related to components of other comprehensive loss | -1.3 | 14.3 | -1.7 | 27.6 |
Total other comprehensive loss, net of tax | 2.2 | -24.9 | 2.3 | -48.3 |
Total comprehensive income (loss) | ($16) | ($21.10) | ($27.60) | ($3) |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Capital in Excess of Par Value [Member] | Retained Earnings (Accumulated Deficit) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Non-Controlling Interest [Member] |
In Millions | |||||||
Balance, beginning of period at Dec. 31, 2011 | $259.60 | $0 | $0.70 | $231.90 | $63.40 | ($42.40) | $6 |
Net income (loss) | 49.5 | 0 | 0 | 0 | 49.5 | 0 | 0 |
Total other comprehensive loss, net of tax | -63.3 | 0 | 0 | 0 | 0 | -63.3 | 0 |
Issuance of common shares for share-based payment arrangements, net of shares tendered for taxes | 0.2 | 0 | 0 | 0.2 | 0 | 0 | 0 |
Stock compensation expense related to equity-based awards | 4.6 | 0 | 0 | 4.6 | 0 | 0 | 0 |
Excess tax benefit related to share-based payment arrangements | -0.1 | 0 | 0 | -0.1 | 0 | 0 | 0 |
Adjustments to Additional Paid in Capital, Other | 0 | 0 | 0 | -0.1 | 0.1 | 0 | 0 |
Dividends to shareholders @ $0.12 per share at September 30, 2013 and $1.41 per share at December 31, 2012 | -95.1 | 0 | 0 | 0 | -95.1 | 0 | 0 |
Distribution to share-based award holders @ $1.25 per share in the year ended December 31, 2012 | -3.1 | 0 | 0 | -3.1 | 0 | 0 | 0 |
Balance, end of period at Dec. 31, 2012 | 152.3 | 0 | 0.7 | 233.4 | 17.9 | -105.7 | 6 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 0 | ' | ' | ' | ' | ' | ' |
Net income (loss) | -29.9 | ' | 0 | 0 | -29.9 | 0 | 0 |
Total other comprehensive loss, net of tax | 2.3 | ' | 0 | 0 | 0 | 2.3 | 0 |
Issuance of common shares for share-based payment arrangements, net of shares tendered for taxes | -0.1 | ' | 0 | -0.1 | 0 | 0 | 0 |
Stock compensation expense related to equity-based awards | 3.4 | ' | 0 | 3.4 | 0 | 0 | 0 |
Excess tax benefit related to share-based payment arrangements | -0.4 | ' | 0 | -0.4 | 0 | 0 | 0 |
Adjustments to Additional Paid in Capital, Other | 0.1 | 0 | 0 | 0.1 | 0 | 0 | 0 |
Stock Issued During Period, Shares, New Issues | 2 | ' | 0 | 2 | 0 | 0 | 0 |
Dividends to shareholders @ $0.12 per share at September 30, 2013 and $1.41 per share at December 31, 2012 | -8.2 | ' | 0 | 0 | -8.2 | 0 | 0 |
Balance, end of period at Sep. 30, 2013 | $121.50 | $0 | $0.70 | $238.40 | ($20.20) | ($103.40) | $6 |
Consolidated_Statements_of_Equ1
Consolidated Statements of Equity Consolidated Statements of Equity (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Mar. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Common Stock, Dividends, Per Share, Cash Paid | ' | $0.12 | ' |
common shareholders [Member] | ' | ' | ' |
Common Stock, Dividends, Per Share, Cash Paid | ' | ' | $1.41 |
Supplemental Dividend [Member] | Share-Based Award Holders [Member] | ' | ' | ' |
Common Stock, Dividends, Per Share, Cash Paid | $1.25 | $0 | $1.25 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating Activities | ' | ' |
Net income (loss) | ($29.90) | $45.30 |
Adjustments to reconcile net income to cash provided by (used in) operating activities: | ' | ' |
Depreciation and amortization | 70.9 | 70.2 |
Non-cash interest expense | 2 | 2.1 |
Last in, first out and lower of cost or market inventory adjustments | 1.1 | -14.3 |
Gain (Loss) on Sale of Property Plant Equipment | 2.2 | -1.4 |
Gain on hedging activities, net of cash settlements | -5.7 | -99.6 |
Interest and Debt Expense | 2.5 | 8.1 |
Deferred income taxes | -23.1 | 2.1 |
Share-based compensation expense | 3.4 | 3.9 |
Changes in other noncurrent assets | -2.5 | -6 |
Changes in pension, other post-retirement and other long-term liabilities | 7.8 | -1.3 |
Changes in current operating assets and liabilities: | ' | ' |
Accounts receivable, net | 0.8 | -15.2 |
Inventories, net | 1.3 | -3.5 |
Taxes receivable and taxes payable | -2.8 | -11.1 |
Other current assets | 9.7 | 24.6 |
Accounts payable | -7.6 | 10.3 |
Accrued liabilities | 10.7 | -28 |
Cash provided by (used in) operating activities | 40.8 | -13.8 |
Investing Activities | ' | ' |
Capital expenditures | -55.7 | -59.8 |
Proceeds from sale of property, plant and equipment | 0.9 | 4.8 |
Cash provided by (used in) investing activities | -54.8 | -55 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | -0.1 | 0.1 |
Payments of Ordinary Dividends, Common Stock | -8.2 | -92.2 |
Distributions paid to optionholders | 0 | -3.1 |
Repayments of Long-term Debt | -278.8 | -154.8 |
Proceeds from Issuance of Long-term Debt | 331.8 | 322.6 |
Payments of Financing Costs | -2.9 | -12.6 |
Cash provided by (used in) financing activities | 41.8 | 60 |
Change in cash and cash equivalents | 27.8 | -8.8 |
Cash and cash equivalents, beginning of period | 36.1 | 42.7 |
Cash and cash equivalents, end of period | $63.90 | $33.90 |
Accounting_Policies_Footnote
Accounting Policies (Footnote) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
ACCOUNTING POLICIES | |
Organization, Consolidation and Basis of Presentation | |
The accompanying unaudited consolidated financial statements represent the consolidation of Noranda Aluminum Holding Corporation and all companies that we directly or indirectly control ("Noranda," "the Company," "we," "us," and "our"). "Noranda HoldCo" refers only to Noranda Aluminum Holding Corporation, excluding its subsidiaries. "Noranda AcquisitionCo" refers only to Noranda Aluminum Acquisition Corporation, the wholly-owned direct subsidiary of Noranda HoldCo, excluding its subsidiaries. | |
These unaudited consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") for interim financial information. The consolidated financial statements, including these condensed notes, are unaudited and exclude some of the disclosures required in annual consolidated financial statements. Consolidated balance sheet data as of December 31, 2012 was derived from our audited consolidated financial statements. In management's opinion, these unaudited consolidated financial statements include all adjustments (including normal recurring accruals) that are considered necessary for the fair presentation of our financial position and operating results. All intercompany transactions and accounts have been eliminated in consolidation. Certain reclassifications have been made to previously issued unaudited consolidated financial statements to conform to the current period presentation. These reclassifications had no impact on net income or net cash flows. | |
The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. For example, our interim operating results are affected by peak power usage rates from June through September each year which affect our operating costs at the New Madrid smelter. We are also subject to seasonality associated with the demand cycles of our end-use customers, which results in lower shipment levels from November to February relative to other periods during the year. | |
These unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission ("SEC") on February 28, 2013. |
Segments_Footnote
Segments (Footnote) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||
Segments disclosure | ' | ||||||||||||||
SEGMENTS | |||||||||||||||
We manage and operate our business segments based on the markets we serve and the products we produce. | |||||||||||||||
Segment profit (in which certain items, primarily non-recurring costs or non-cash expenses, are not allocated to the segments and in which certain items, primarily the income statement effects of current period cash settlements of hedges, are allocated to the segments) is a measure used by management as a basis for resource allocation. | |||||||||||||||
Our five reportable segments are Bauxite, Alumina, Primary Aluminum, Flat-Rolled Products and Corporate. | |||||||||||||||
• | Bauxite – Our bauxite mining operation in St. Ann, Jamaica ("St. Ann") mines and produces the bauxite used for alumina production at our alumina refinery. St. Ann sells the remaining bauxite to a third party. | ||||||||||||||
• | Alumina – Our alumina refinery in Gramercy, Louisiana ("Gramercy") chemically refines and converts bauxite into alumina, which is the principal raw material used in the production of primary aluminum. The Gramercy refinery is the source for the majority of our aluminum smelter’s alumina requirements. Gramercy sells the remaining alumina production in the form of smelter grade alumina and alumina hydrate, or chemical-grade alumina, to third parties. | ||||||||||||||
• | Primary Aluminum – Our aluminum smelter in New Madrid, Missouri ("New Madrid") produces value-added aluminum products in several forms, including billet, rod, high purity sow and foundry. The Primary Aluminum segment also produces commodity grade sow. | ||||||||||||||
• | Flat-Rolled Products – Our rolling mills produce rolled aluminum products such as finstock and container stock. | ||||||||||||||
• | Corporate – Our corporate segment reflects the cost of corporate operations. | ||||||||||||||
The accounting policies of the segments are the same as those described in Note 1, "Accounting Policies". | |||||||||||||||
The following tables present operating and asset information for our reportable segments (in millions): | |||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 11.1 | 49.5 | 133.4 | 145.9 | — | — | 339.9 | ||||||||
Intersegment | 19.8 | 35.7 | 19.6 | — | — | (75.1 | ) | — | |||||||
Total sales | 30.9 | 85.2 | 153 | 145.9 | — | (75.1 | ) | 339.9 | |||||||
Capital expenditures | 1.5 | 4.2 | 7.5 | 2.5 | 0.5 | — | 16.2 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 2.3 | 3.9 | (1.1 | ) | 13.6 | (7.5 | ) | (0.2 | ) | 11 | |||||
Depreciation and amortization | (2.9 | ) | (6.0 | ) | (10.2 | ) | (5.1 | ) | (0.1 | ) | — | (24.3 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 2.3 | (1.1 | ) | — | (0.1 | ) | 1.1 | ||||||
Loss on disposal of assets | (0.1 | ) | — | — | (1.5 | ) | — | — | (1.6 | ) | |||||
Non-cash pension, accretion and stock compensation | — | (0.2 | ) | (1.8 | ) | (1.5 | ) | (1.6 | ) | — | (5.1 | ) | |||
Relocation and severance | — | — | 0.1 | — | (0.9 | ) | — | (0.8 | ) | ||||||
Cash settlements on hedging transactions | — | — | 0.6 | 2.3 | — | — | 2.9 | ||||||||
Other, net | 0.1 | (0.1 | ) | — | 0.1 | (0.5 | ) | 0.1 | (0.3 | ) | |||||
Operating income (loss) | (0.6 | ) | (2.4 | ) | (10.1 | ) | 6.8 | (10.6 | ) | (0.2 | ) | (17.1 | ) | ||
Interest expense, net | 12.6 | ||||||||||||||
Loss on hedging activities, net | 2.4 | ||||||||||||||
Total other expense, net | 15 | ||||||||||||||
Loss before income taxes | (32.1 | ) | |||||||||||||
Three months ended September 30, 2012 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 13.6 | 48.6 | 129.1 | 145.5 | — | — | 336.8 | ||||||||
Intersegment | 20 | 32 | 18.1 | — | — | (70.1 | ) | — | |||||||
Total sales | 33.6 | 80.6 | 147.2 | 145.5 | — | (70.1 | ) | 336.8 | |||||||
Capital expenditures | 2.6 | 4.6 | 7.1 | 2.7 | 0.9 | — | 17.9 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 0.3 | 1.8 | 3.1 | 12 | (7.3 | ) | 0.2 | 10.1 | |||||||
Depreciation and amortization | (2.1 | ) | (5.8 | ) | (11.0 | ) | (4.4 | ) | (0.3 | ) | — | (23.6 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 3 | 6.8 | — | 0.2 | 10 | ||||||||
Gain (loss) on disposal of assets | 0.2 | — | (1.4 | ) | — | — | — | (1.2 | ) | ||||||
Non-cash pension, accretion and stock compensation | — | (0.2 | ) | (1.4 | ) | (1.3 | ) | (1.1 | ) | — | (4.0 | ) | |||
Consulting fees | — | — | — | — | (0.2 | ) | — | (0.2 | ) | ||||||
Relocation and severance | — | — | 0.1 | (0.1 | ) | (0.1 | ) | — | (0.1 | ) | |||||
Cash settlements on hedging transactions | — | — | 0.2 | 2.3 | — | — | 2.5 | ||||||||
Other, net (1) | — | — | (3.6 | ) | (0.1 | ) | — | (0.6 | ) | (4.3 | ) | ||||
Operating income (loss) | (1.6 | ) | (4.2 | ) | (11.0 | ) | 15.2 | (9.0 | ) | (0.2 | ) | (10.8 | ) | ||
Interest expense, net | 8.9 | ||||||||||||||
Gain on hedging activities, net | (25.4 | ) | |||||||||||||
Total other income, net | (16.5 | ) | |||||||||||||
Income before income taxes | 5.7 | ||||||||||||||
(1)Â | "Other, net" in the table above includes $3.5 million of contingency costs to assemble a back-up labor force during the renegotiation of our collective bargaining agreement at our New Madrid smelter during third quarter 2012. | ||||||||||||||
Nine months ended September 30, 2013 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 33.8 | 142.9 | 408.6 | 445 | — | — | 1,030.30 | ||||||||
Intersegment | 62.7 | 115.5 | 62.2 | — | — | (240.4 | ) | — | |||||||
Total sales | 96.5 | 258.4 | 470.8 | 445 | — | (240.4 | ) | 1,030.30 | |||||||
Capital expenditures | 8.7 | 13.1 | 23.2 | 8.7 | 2 | — | 55.7 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 7.2 | 10.8 | 37 | 41.6 | (24.3 | ) | — | 72.3 | |||||||
Depreciation and amortization | (7.9 | ) | (16.6 | ) | (31.4 | ) | (14.4 | ) | (0.6 | ) | — | (70.9 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 2.7 | (3.4 | ) | — | (0.4 | ) | (1.1 | ) | |||||
Gain (loss) on disposal of assets | (0.1 | ) | 0.5 | 0.1 | (2.7 | ) | — | — | (2.2 | ) | |||||
Non-cash pension, accretion and stock compensation | 0.1 | (0.7 | ) | (5.3 | ) | (4.4 | ) | (4.4 | ) | — | (14.7 | ) | |||
Relocation and severance | — | (0.2 | ) | (0.3 | ) | (0.1 | ) | (1.3 | ) | — | (1.9 | ) | |||
Consulting fees | — | — | — | — | (0.4 | ) | — | (0.4 | ) | ||||||
Cash settlements on hedging transactions | — | — | 1.3 | 5.3 | — | — | 6.6 | ||||||||
Other, net | — | (0.3 | ) | — | (0.4 | ) | 0.4 | (0.3 | ) | ||||||
Operating income (loss) | (0.7 | ) | (6.5 | ) | 4.1 | 21.9 | (31.4 | ) | — | (12.6 | ) | ||||
Interest expense, net | 34.9 | ||||||||||||||
Gain on hedging activities, net | — | ||||||||||||||
Debt refinancing expense | 2.5 | ||||||||||||||
Total other income, net | 37.4 | ||||||||||||||
Loss before income taxes | (50.0 | ) | |||||||||||||
Nine months ended September 30, 2012 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 37.3 | 162.1 | 413.1 | 449.5 | — | — | 1,062.00 | ||||||||
Intersegment | 61.8 | 106.2 | 58.2 | — | — | (226.2 | ) | — | |||||||
Total sales | 99.1 | 268.3 | 471.3 | 449.5 | — | (226.2 | ) | 1,062.00 | |||||||
Capital expenditures | 6.6 | 12.8 | 27.8 | 10.4 | 2.2 | — | 59.8 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 3.9 | 29.2 | 51.9 | 41.1 | (22.3 | ) | — | 103.8 | |||||||
Depreciation and amortization | (6.3 | ) | (16.3 | ) | (32.9 | ) | (13.7 | ) | (1.0 | ) | — | (70.2 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 7.4 | 7.2 | — | (0.3 | ) | 14.3 | |||||||
Gain (loss) on disposal of assets | 0.2 | — | (3.0 | ) | 4.2 | — | — | 1.4 | |||||||
Non-cash pension, accretion and stock compensation | (0.1 | ) | (0.6 | ) | (4.1 | ) | (3.7 | ) | (4.6 | ) | — | (13.1 | ) | ||
Relocation and severance | — | — | (0.1 | ) | (0.2 | ) | (0.2 | ) | — | (0.5 | ) | ||||
Consulting fees | — | — | — | — | (0.7 | ) | — | (0.7 | ) | ||||||
Cash settlements on hedging transactions | — | — | 0.7 | 6.3 | — | — | 7 | ||||||||
Other, net (1) | — | (0.4 | ) | (3.5 | ) | — | (0.2 | ) | (0.1 | ) | (4.2 | ) | |||
Operating income (loss) | (2.3 | ) | 11.9 | 16.4 | 41.2 | (29.0 | ) | (0.4 | ) | 37.8 | |||||
Interest expense, net | 24.2 | ||||||||||||||
Gain on hedging activities, net | (62.5 | ) | |||||||||||||
Debt refinancing expense | 8.1 | ||||||||||||||
Total other income, net | (30.2 | ) | |||||||||||||
Income before income taxes | 68 | ||||||||||||||
(1)Â | "Other, net" in the table above includes $3.5 million of contingency costs to assemble a back-up labor force during the renegotiation of our collective bargaining agreement at our New Madrid smelter during third quarter 2012. | ||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||
Segment assets: | $ | $ | |||||||||||||
Bauxite | 149.8 | 154.3 | |||||||||||||
Alumina | 230.6 | 238 | |||||||||||||
Primary Aluminum | 526.3 | 534.2 | |||||||||||||
Flat-Rolled Products | 353.8 | 374.2 | |||||||||||||
Corporate | 116.8 | 84 | |||||||||||||
Eliminations | (19.3 | ) | (27.0 | ) | |||||||||||
Total assets | 1,358.00 | 1,357.70 | |||||||||||||
Supplemental_Financial_Stateme
Supplemental Financial Statement Information (Footnote) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Supplemental Financial Statement Information [Abstract] | ' | ||||||||||
Additional Financial Information Disclosure [Text Block] | ' | ||||||||||
SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION | |||||||||||
Consolidated statements of cash flows: | |||||||||||
Depreciation and amortization in the accompanying unaudited consolidated statements of cash flows included the following (in millions): | |||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||
$ | $ | $ | $ | ||||||||
Depreciation of property, plant and equipment | 22.2 | 20.9 | 63.5 | 62 | |||||||
Amortization of intangible assets | 1.4 | 1.5 | 4.4 | 4.5 | |||||||
Amortization of other long-term assets | 0.7 | 1.2 | 3 | 3.7 | |||||||
Total depreciation and amortization | 24.3 | 23.6 | 70.9 | 70.2 | |||||||
Cash paid for interest and income taxes was as follows (in millions): | |||||||||||
Nine months ended September 30, | |||||||||||
2013 | 2012 | ||||||||||
$ | $ | ||||||||||
Interest paid | 24.6 | 19.9 | |||||||||
U.S. Federal and state income taxes paid, net of refunds received | 6.1 | 32.5 | |||||||||
Purchases of property, plant and equipment accrued in accounts payable and not yet paid were $2.2 million and $8.3Â million for the nine months ended September 30, 2013 and 2012, respectively, and were not reflected as capital expenditures in the unaudited consolidated statements of cash flows. For the nine months ended September 30, 2013 and 2012, we capitalized interest of $1.2Â million and $0.8Â million, respectively, related to long-term capital projects. | |||||||||||
Consolidated statements of equity: | |||||||||||
Changes in accumulated other comprehensive income (loss) ("AOCI") were as follows (in millions): | |||||||||||
Unrealized net actuarial gain (loss), prior service cost and other related to pension and OPEB | Accumulated tax benefit (expense) related to unrealized net actuarial gain/loss, prior service cost and other related to pension and OPEB | Unrealized gain (loss) on derivatives | Accumulated tax benefit (expense) related to unrealized gain or loss on derivatives | Total, net of tax | |||||||
$ | $ | $ | $ | $ | |||||||
Balance, December 31, 2011 | (163.8 | ) | 61.2 | 94.1 | (33.9 | ) | (42.4 | ) | |||
Amounts recorded to AOCI for the period | (24.3 | ) | 9.6 | (3.5 | ) | 1.3 | (16.9 | ) | |||
Reclassification of amounts realized in net income (loss) | 11.9 | (4.7 | ) | (84.2 | ) | 30.6 | (46.4 | ) | |||
Balance, December 31, 2012 | (176.2 | ) | 66.1 | 6.4 | (2.0 | ) | (105.7 | ) | |||
Reclassification of amounts realized in net income (loss) | 10.4 | (3.7 | ) | (6.4 | ) | 2 | 2.3 | ||||
Balance, September 30, 2013 | (165.8 | ) | 62.4 | — | — | (103.4 | ) | ||||
Reclassifications out of AOCI were included in the unaudited consolidated statements of operations as follows (in millions): | |||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other | Affected line item in the unaudited consolidated statements of operations | |||||||||
comprehensive income (loss) | |||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||
$ | $ | $ | $ | ||||||||
Selling, general and administrative expenses ("SGA") | |||||||||||
Actuarial gain/loss | 0.7 | 0.6 | 2.1 | 1.8 | (1)Â | ||||||
Prior service costs | 0.1 | — | 0.2 | 0.1 | (1) | ||||||
Total pension amounts reclassified into SGA | 0.8 | 0.6 | 2.3 | 1.9 | Selling, general and administrative expenses | ||||||
Cost of sales ("COS") | |||||||||||
Actuarial gain/loss | 2.5 | 2.2 | 7.5 | 6.5 | (1)Â | ||||||
Prior service costs | 0.2 | 0.1 | 0.6 | 0.2 | (1)Â | ||||||
Total pension amounts reclassified into COS | 2.7 | 2.3 | 8.1 | 6.7 | Cost of sales | ||||||
Reclassification of pension and OPEB amounts realized in net income | 3.5 | 2.9 | 10.4 | 8.6 | |||||||
Income taxes related to reclassifications of pension and OPEB amounts | (1.3 | ) | (1.1 | ) | (3.7 | ) | (3.2 | ) | Income tax expense (benefit) | ||
Reclassification of pension and OPEB amounts realized in net income, net of tax | 2.2 | 1.8 | 6.7 | 5.4 | Net income (loss) | ||||||
Reclassification of derivative amounts realized in net income | — | (25.3 | ) | (6.4 | ) | (64.3 | ) | (Gain) loss on hedging activities, net | |||
Income taxes related to reclassifications of derivative amounts | — | 9.2 | 2 | 23.4 | Income tax expense (benefit) | ||||||
Reclassification of derivative amounts realized in net income, net of tax | — | (16.1 | ) | (4.4 | ) | (40.9 | ) | Net income (loss) | |||
(1)Â | These accumulated other comprehensive income components are included in the computation of net periodic pension cost shown in Note 10, "Pensions and Other Post-Retirement Benefits." | ||||||||||
Consolidated balance sheets: | |||||||||||
Cash and cash equivalents consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Cash | 33.9 | 26.1 | |||||||||
Money market funds | 30 | 10 | |||||||||
Total cash and cash equivalents | 63.9 | 36.1 | |||||||||
Accounts receivable, net, consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Trade | 105.9 | 106.8 | |||||||||
Allowance for doubtful accounts | (0.2 | ) | (0.2 | ) | |||||||
Total accounts receivable, net | 105.7 | 106.6 | |||||||||
Other current assets consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Current foreign deferred tax asset | 2.6 | 2.6 | |||||||||
Employee loans receivable, net | 2.1 | 2 | |||||||||
Current derivative assets (see Note 11, "Derivative Financial Instruments") | 4.4 | 2.6 | |||||||||
Other current assets | 5.6 | 11.7 | |||||||||
Total other current assets | 14.7 | 18.9 | |||||||||
Other assets consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Deferred financing costs, net of amortization | 8.2 | 9.3 | |||||||||
Cash surrender value of life insurance | 26.8 | 26.3 | |||||||||
Pension asset | 10.2 | 9.7 | |||||||||
Restricted cash (see Note 9, "Asset Retirement and Other Obligations") | 12.7 | 12.8 | |||||||||
Supplies | 10 | 13 | |||||||||
Prepaid Jamaican income taxes | 12.7 | 12.7 | |||||||||
Derivative asset | 0.2 | 0.1 | |||||||||
Other | 12.6 | 12.2 | |||||||||
Total other assets | 93.4 | 96.1 | |||||||||
Accrued liabilities consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Compensation and benefits | 21.3 | 17.4 | |||||||||
Workers’ compensation | 5.3 | 5.7 | |||||||||
Other operating expenses | 16.1 | 15.6 | |||||||||
Accrued interest | 11.3 | 2 | |||||||||
Asset retirement obligations (see Note 9, "Asset Retirement and Other Obligations") | 2.2 | 2.4 | |||||||||
Land obligation (see Note 9, "Asset Retirement and Other Obligations") | 4.3 | 4.9 | |||||||||
Reclamation obligation (see Note 9, "Asset Retirement and Other Obligations") | 0.7 | 2.5 | |||||||||
Environmental remediation obligations (see Note 9, "Asset Retirement and Other Obligations") | 1.8 | 2 | |||||||||
Obligations to the Government of Jamaica | 5.6 | 5.3 | |||||||||
Pension and OPEB liabilities (see Note 10, "Pensions and Other Post-Retirement Benefits") | 0.9 | 0.9 | |||||||||
Restricted stock unit ("RSU") liability awards (see Note 13, "Share-Based Payments") | — | 0.1 | |||||||||
Total accrued liabilities | 69.5 | 58.8 | |||||||||
Other long-term liabilities consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Reserve for uncertain tax positions | 0.6 | 0.8 | |||||||||
Workers’ compensation | 15.5 | 15 | |||||||||
Asset retirement obligations (see Note 9, "Asset Retirement and Other Obligations") | 14 | 13.4 | |||||||||
Land obligation (see Note 9, "Asset Retirement and Other Obligations") | 7.9 | 9.2 | |||||||||
Environmental remediation obligations (see Note 9, "Asset Retirement and Other Obligations") | 1.1 | 1.2 | |||||||||
Deferred compensation and other | 11.1 | 12.7 | |||||||||
Total other long-term liabilities | 50.2 | 52.3 | |||||||||
Fair_Value_Measurements_Footno
Fair Value Measurements (Footnote) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||
Fair value measurements disclosure | ' | ||||||||
FAIR VALUE MEASUREMENTS | |||||||||
The tables below set forth by level the fair value hierarchy of our assets and liabilities that were measured at fair value on a recurring basis (in millions): | |||||||||
September 30, 2013 | |||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||
$ | $ | $ | $ | ||||||
Cash equivalents | 30 | — | — | 30 | |||||
Derivative assets | — | 4.6 | — | 4.6 | |||||
Derivative liabilities | — | (3.6 | ) | (0.9 | ) | (4.5 | ) | ||
Total | 30 | 1 | (0.9 | ) | 30.1 | ||||
December 31, 2012 | |||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||
$ | $ | $ | $ | ||||||
Cash equivalents | 10 | — | — | 10 | |||||
Derivative assets | — | 3.1 | 1.1 | 4.2 | |||||
Derivative liabilities | — | (3.4 | ) | — | (3.4 | ) | |||
RSU liability awards | (0.1 | ) | — | — | (0.1 | ) | |||
Total | 9.9 | (0.3 | ) | 1.1 | 10.7 | ||||
Changes in the fair value of the variable-price Midwest Premium contracts classified as Level 3 included in gain on hedging activities, net in the unaudited consolidated statement of operations for the nine months ended September 30, 2013 were as follows: | |||||||||
Nine months ended September 30, 2013 | |||||||||
$ | |||||||||
Fair value, beginning of year | 1.1 | ||||||||
New contracts entered into during the period | 0.8 | ||||||||
Changes in fair value | (1.9 | ) | |||||||
Settlements | (0.9 | ) | |||||||
Fair value, end of year | (0.9 | ) | |||||||
Cash equivalents as of September 30, 2013 and December 31, 2012 related to temporary cash investments with high credit quality financial institutions, which included money market funds invested in U.S. treasury securities, short-term treasury bills and commercial paper. These instruments were valued based upon unadjusted, quoted prices in active markets and were classified within Level 1. | |||||||||
We discuss our derivative instruments in Note 11, "Derivative Financial Instruments." Fair values of all derivative instruments classified as Level 2 were primarily measured using industry standard models that incorporated inputs including quoted forward prices for commodities, interest rate curves, and current market prices for those assets and liabilities. Substantially all of the inputs are observable throughout the full term of the instrument. Our variable-price Midwest premium contracts were classified as Level 3 and were primarily measured using contract prices and management's estimate of future U.S. Midwest premium prices, based on recent market prices. | |||||||||
In Note 13 "Share-Based Payments," we discuss RSU liability awards. The fair value of this Level 1 liability was determined based on the closing market price of our common stock at each balance sheet date. | |||||||||
In Note 8, "Long-Term Debt" we disclose the fair values of our debt instruments. The fair value of our AcquisitionCo Notes was based on recent transactions involving the bonds and was classified as Level 2 within the hierarchy. While the AcquisitionCo Notes have quoted prices used to determine fair value, we do not believe transactions of those instruments occur in sufficient frequency or volume for a Level 1 classification. The fair values of the Term B Loan and revolver were based on interest rates available at each balance sheet date. These instruments were also classified as Level 2. | |||||||||
We made no transfers between fair value hierarchy levels during third quarter 2013. |
Inventories_Footnote
Inventories (Footnote) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Inventory, Net [Abstract] | ' | ||||
Inventories disclosure | ' | ||||
INVENTORIES | |||||
Inventories are stated at the lower of cost or market ("LCM"). We use the last-in, first-out ("LIFO") method of valuing raw materials, work-in-process and finished goods inventories at our New Madrid smelter and our rolling mills. Supplies inventories at our rolling mills are valued at FIFO. Inventories at Gramercy and St. Ann, Jamaica ("St. Ann") and supplies at New Madrid are valued at weighted-average cost and are not subject to the LIFO adjustment. Gramercy and St. Ann inventories comprise approximately 28% and 25% of total inventories, at cost, at September 30, 2013 and December 31, 2012, respectively. | |||||
Inventories, net, consisted of the following (in millions): | |||||
September 30, | December 31, 2012 | ||||
2013 | |||||
$ | $ | ||||
Raw materials, at cost | 70.8 | 63.5 | |||
Work-in-process, at cost | 56 | 58.9 | |||
Finished goods, at cost | 19.6 | 29.5 | |||
Total inventories, at cost | 146.4 | 151.9 | |||
LIFO adjustment | 23.1 | 15.7 | |||
LCM reserve | (16.9 | ) | (7.1 | ) | |
Inventories, at lower of cost or market | 152.6 | 160.5 | |||
Supplies | 41.1 | 35.3 | |||
Total inventories, net | 193.7 | 195.8 | |||
Property_Plant_and_Equipment_F
Property, Plant and Equipment (Footnote) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment, Net [Abstract] | ' | |||||||
Property, plant and equipment disclosure | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ||||||||
Property, plant and equipment, net, consisted of the following (in millions): | ||||||||
Estimated useful lives in years | September 30, 2013 | December 31, 2012 | ||||||
$ | $ | |||||||
Land | 51.1 | 50.4 | ||||||
Buildings and improvements | 10 | — | 47 | 161.6 | 151 | |||
Machinery and equipment | 3 | — | 50 | 893.4 | 876.9 | |||
Construction in progress | 48.4 | 48.2 | ||||||
Property, plant and equipment, at cost | 1,154.50 | 1,126.50 | ||||||
Accumulated depreciation | (472.1 | ) | (432.0 | ) | ||||
Total property, plant and equipment, net | 682.4 | 694.5 | ||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Footnote) | 9 Months Ended | |
Sep. 30, 2013 | ||
Commitments and Contingencies Disclosure [Abstract] | ' | |
Commitments and contingencies disclosure | ' | |
COMMITMENTS AND CONTINGENCIES | ||
Labor Commitments | ||
We are a party to seven collective bargaining agreements with five different unions. Our collective bargaining agreements are with the following unions: | ||
In the US: the United Steelworkers of America ("USWA"); the International Association of Machinists and Aerospace Workers ("IAMAW"). | ||
At St. Ann, Jamaica: the University and Allied Workers Union ("UAWU"); the Union of Technical, Administrative and Supervisory Personnel ("UTASP"); and the Bustamante Industrial Trade Union ("BITU"). | ||
• | An agreement at St. Ann with the UTASP representing supervisory and technical salaried workers will expire in December 2013. | |
• | The agreement at St. Ann with the BITU expired in December 2012. This contract covered a small portion of our St. Ann workforce. We are expecting to receive a claim for a new contract in fourth quarter 2013. | |
• | An agreement at St. Ann with the UAWU, covering operators, expired in April 2013. We received a claim for a new contract in June 2013 and commenced negotiations in August 2013. | |
• | The agreement at Gramercy with the USWA will expire in September 2015. | |
• | An agreement at New Madrid with the USWA will expire in August 2017. | |
• | An agreement at our Salisbury rolling mill with the USWA will expire in November 2016. | |
• | The agreement in place with the IAMAW at our Newport rolling mill extends through May 2014. | |
Legal Contingencies | ||
We are a party to legal proceedings incidental to our business. We assess the likelihood of an unfavorable outcome of each legal proceeding based upon the available facts and our historical experience with similar matters. We do not accrue a liability when we assess the likelihood of an unfavorable outcome to be remote. Where the risk of loss is probable and the costs can be reasonably estimated, we accrue a liability based on the factors mentioned above. Where the risk of loss is considered reasonably possible, we estimate the range of reasonably possible losses and disclose any reasonably possible losses, if material. We update our loss assessment as matters progress over time. Based on current knowledge, we do not believe any reasonably possible losses in excess of our accruals would be material to our unaudited consolidated financial statements. | ||
Environmental Matters | ||
We cannot predict what environmental laws or regulations will be enacted or amended in the future, how existing or future laws or regulations will be interpreted or enforced or the amount of future expenditures that may be required to comply with such laws or regulations. Such future requirements may result in liabilities which may have a material adverse effect on our financial condition, results of operations or cash flows. | ||
The Environmental Protection Agency ("EPA") has developed National Ambient Air Quality Standards ("NAAQS") for six compounds currently identified as criteria pollutants. The NAAQS establishes acceptable ambient air levels of each pollutant based on a review of their effects to human health and the environment. Sulfur dioxide ("SO2"), an emission from our New Madrid smelter facility, is one such criteria pollutant. To determine our smelter's compliance with NAAQS, we measure emissions using currently acceptable methods. | ||
In 2010, the EPA issued regulations that increased the stringency of the SO2 NAAQS. Federal and state regulators are in the process of developing measurement methods and time lines that will govern the implementation of those regulations. Once finalized, these implementation requirements may present material implications for our smelter's compliance with NAAQS. Failure to meet NAAQS requirements may require us to incur material capital and operational costs to bring our smelter into compliance and could have negative implications for permits necessary to support increases in production volumes at our smelter. | ||
Power Contract | ||
Electricity is our largest cash cost component in the production of primary aluminum and is a key factor to our long-term competitive position in the primary aluminum business. We have a long-term power purchase agreement with Ameren pursuant to which we have agreed to purchase substantially all of New Madrid’s electricity. Included in the contract is a minimum purchase requirement equal to five mega watts, calculated at peak and non-peak demand charges, or approximately $3.3 million over the remaining life of the contract. This minimum purchase requirement represents significantly less power usage than we require, given the power-intensive nature of our smelter facility. Our current rate structure with Ameren consists of two components: a base rate and a fuel adjustment clause. | ||
Purchase Commitment | ||
In July 2012, we announced a project to invest $45 million to build a new rod mill at our facility in New Madrid, Missouri, the scope of which includes infrastructure development and construction of a new, state-of-the-art mill to produce redraw rod. In April 2013, we entered into a financing arrangement with a third party to finance the off-site construction of the rod production line, which comprises certain machinery, equipment and other components. Pursuant to the terms of the third party arrangement, upon delivery of the production line to our facility, we will repay the third party for amounts paid to the construction company throughout the construction phase, plus interest and fees, and assume any remaining payments. We anticipate delivery of the rod production line in September 2014. Total payments related to the construction of the rod production line are expected to be approximately €11.5 million in the aggregate, however the amount and timing of the payments are subject to variability due to the progression of the construction. | ||
Workforce Reduction | ||
On October 30, 2013, we announced a workforce reduction at our Salisbury, North Carolina Flat-Rolled Products facility. The announcement was made pursuant to the federal Worker Adjustment and Retraining Notification Act (WARN). The restructuring plan involves a total staff reduction of 58 employees through a combination of voluntary retirement packages and involuntary terminations. We will complete substantially all activities associated with this workforce reduction by December 31, 2013. We will incur approximately $1.2Â million of pre-tax charges in the fourth quarter of 2013, primarily due to one-time termination benefits and pension benefits. Substantially all of these charges will result in cash expenditures in the fourth quarter of 2013. |
LongTerm_Debt_Footnote
Long-Term Debt (Footnote) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Long-term debt disclosure | ' | ||||||||||||
LONG-TERM DEBT | |||||||||||||
The carrying values and fair values of our outstanding debt were as follows (in millions): | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
Carrying | Fair | Interest | Carrying | Fair | Interest | ||||||||
value | value | rate | value | value | rate | ||||||||
$ | $ | % | $ | $ | % | ||||||||
AcquisitionCo Notes, net (1) | 173 | 153.7 | 11 | % | 275.3 | 258.8 | 4.52 | % | |||||
Term B Loan, net | 476.1 | 476.1 | 5.75 | % | 320.4 | 320.4 | 5.75 | % | |||||
Revolver | — | — | — | — | |||||||||
Total debt, net | 649.1 | 595.7 | |||||||||||
Less: Current portion | (4.9 | ) | (3.3 | ) | |||||||||
Long-term debt, net | 644.2 | 592.4 | |||||||||||
(1)Â | We refer to the Senior Unsecured Notes due 2019 issued by Noranda AcquisitionCo ("AcquisitionCo Notes due 2019") outstanding at September 30, 2013 and Senior Floating Rate Notes due 2015 issued by Noranda AcquisitionCo ("AcquisitionCo Notes due 2015") outstanding at December 31, 2012 collectively as the "AcquisitionCo Notes." | ||||||||||||
2013 Refinancing | |||||||||||||
On March 8, 2013, we completed a private offering of $175.0 million aggregate principal amount of 11.0% AcquisitionCo Notes due June 1, 2019. Additionally, we entered into an incremental term loan facility in the amount of $110.0 million under our existing term loan credit agreement (the "$110.0 million incremental Term B Loan"). We used the net proceeds from the offering of the AcquisitionCo Notes due 2019 and the $110.0 million incremental Term B Loan to redeem the remaining $275.3Â million outstanding AcquisitionCo Notes due 2015. We refer to these transactions, collectively, as the "2013 Refinancing." | |||||||||||||
The AcquisitionCo Notes due 2019 are fully and unconditionally guaranteed on a senior unsecured, joint and several basis by Noranda HoldCo and the domestic subsidiaries of Noranda AcquisitionCo that guarantee the senior secured credit facilities. The indenture governing the AcquisitionCo Notes due 2019 contains certain customary affirmative and negative covenants, restrictions and events of default. | |||||||||||||
The $110.0 million incremental Term B Loan agreement permitted us to incur further incremental borrowings under the existing Term B Loan in an aggregate principal amount not to exceed the greater of (1) $50.0 million and (2) an amount such that, after giving effect to such incremental borrowing, we would be in pro forma compliance with a maximum total net senior secured leverage ratio of 2.25 to 1.00. On May 29, 2013, we borrowed an additional $50.0 million, which we refer to as the "$50.0 million incremental Term B Loan." Borrowings under the $50.0 million incremental Term B Loan were used for general corporate purposes. The $110.0 million incremental Term B Loan and the $50.0 million incremental Term B Loan are due and payable on February 28, 2019 and have the same terms as borrowings under the existing Term B Loan. | |||||||||||||
On May 15, 2013, we entered into an incremental asset-based revolving credit facility, consisting of $15.0 million in additional commitments on a "first-in, last-out" basis, under our existing asset-based revolving credit facility. We refer to this incremental asset-based loan as the "incremental ABL." Loans under the incremental ABL will be used for general corporate purposes, will bear interest at a rate equal to the rate applicable to loans under our existing asset-based revolving credit facility plus 1.5% per annum, will mature in February 2017 and, except as set forth herein, will be subject to the same terms and conditions as loans under the existing asset-based loan credit agreement. | |||||||||||||
We recorded debt refinancing expense of $2.5 million in the first nine months of 2013, representing the write-off of deferred financing fees and third party fees related to the AcquisitionCo Notes due 2015. In the first nine months of 2012, we recorded debt refinancing expense of $8.1 million related to the refinancing of our credit facilities we undertook at that time, comprising $5.7Â million of creditor fees related to the new senior secured credit facilities and $2.4Â million of deferred financing fees related to the existing senior secured credit facilities. | |||||||||||||
As of September 30, 2013 and December 31, 2012 the amount outstanding under our Term B Loan was recorded in our unaudited consolidated balance sheets net of $3.0 million and $2.2 million, respectively, of unamortized discount. The carrying value of the AcquisitionCo Notes was recorded net of unamortized underwriting discount of $2.0 million at September 30, 2013. The Revolver had no outstanding balance at September 30, 2013 and December 31, 2012 and outstanding letters of credit totaled $34.6 million at September 30, 2013 and $31.1 million at December 31, 2012. Availability under the Revolver is subject to a calculated borrowing base. Because our Revolver Fixed-Charge Coverage Ratio was less than 1.0 to 1.0 as of September 30, 2013, we are effectively required to maintain at least $20.0 million of available borrowing capacity under our Revolver. This restriction will be removed when the ratio meets the required threshold. Our effective borrowing capacity calculated as of September 30, 2013 was $120.0 million. | |||||||||||||
Including required repayments of the incremental Term B Loan borrowings, we are required to repay $1.2Â million of the total Term B Loan quarterly. |
Asset_Retirement_and_Other_Obl
Asset Retirement and Other Obligations (Footnote) | 9 Months Ended | ||
Sep. 30, 2013 | |||
Asset Retirement and Other Obligations [Abstract] | ' | ||
Reclamation, land and asset retirement obligations disclosure | ' | ||
ASSET RETIREMENT AND OTHER OBLIGATIONS | |||
Reclamation Obligation | |||
St. Ann has an obligation to rehabilitate land disturbed by St. Ann's Bauxite mining operations. | |||
Our reclamation obligations activity at St. Ann follows (in millions): | |||
Nine months ended September 30, 2013 | |||
$ | |||
Balance, beginning of period | 2.5 | ||
Additional liabilities incurred | 1.7 | ||
Liabilities settled | (3.5 | ) | |
Accretion | — | ||
Balance, end of period | 0.7 | ||
Land Obligation | |||
In cases where land to be mined is privately owned, St. Ann acquires the right to mine either through a purchase of the land or by compensating the owner for disturbing the owner's surface rights. In the case of a purchase of the land, the consideration is typically cash and or a commitment to resettle the owner to another area ("St. Ann Land Obligation"). Additional consideration is paid for crops, homes, and other structures that may exist on the land but which may be destroyed or damaged by the mining activities. | |||
Our St. Ann Land Obligation activity follows (in millions): | |||
Nine months ended September 30, 2013 | |||
$ | |||
Balance, beginning of period | 14.1 | ||
Additional liabilities incurred | 0.1 | ||
Liabilities settled | (0.5 | ) | |
Revisions to the obligation | (1.5 | ) | |
Balance, end of period | 12.2 | ||
Asset Retirement Obligations | |||
Our asset retirement obligations consist of costs related to the disposal of certain spent pot liners associated with the New Madrid smelter, as well as costs associated with the future closure and post-closure care of "red mud lakes" at the Gramercy facility, where Gramercy disposes of wastes from its refining process. Asset retirement obligations are estimated based on cash flows discounted at a credit-adjusted risk-free rate. | |||
Our asset retirement obligations activity follows (in millions): | |||
Nine months ended September 30, 2013 | |||
$ | |||
Balance, beginning of period | 15.8 | ||
Additional liabilities incurred | 0.6 | ||
Liabilities settled | (1.0 | ) | |
Accretion | 0.8 | ||
Balance, end of period | 16.2 | ||
As of September 30, 2013 and December 31, 2012, we had $9.2 million of restricted cash in an escrow account as security for the payment of red mud lake closure obligations that will arise under state environmental laws if we were to cease operations at the Gramercy facility. This amount is included in other assets in the accompanying unaudited consolidated balance sheets. The remaining restricted cash in other assets relates primarily to funds for workers’ compensation claims. | |||
Environmental Remediation Obligations | |||
In addition to our asset retirement obligations, we have identified certain environmental conditions requiring remedial action or ongoing monitoring at the Gramercy refinery. As of September 30, 2013 and December 31, 2012, we had undiscounted liabilities of $1.8 million and $2.0 million, respectively, in accrued liabilities and had $1.1 million and $1.2 million, respectively, in other long-term liabilities for remediation of Gramercy’s known environmental conditions. Monitoring costs are expensed as incurred. No other responsible parties are involved in any ongoing environmental remediation activities. |
Pension_and_Other_PostRetireme
Pension and Other Post-Retirement Benefits (Footnote) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||||
Pension and Other Post-Retirement Benefits Disclosure [Text Block] | ' | ||||||||
PENSIONS AND OTHER POST-RETIREMENT BENEFITS | |||||||||
We sponsor defined benefit pension plans for hourly and salaried employees. Benefits under our sponsored defined benefit plans are based on years of service and/or eligible compensation prior to retirement. We also sponsor OPEB plans for certain employees. These benefits include life and health insurance. In addition, we provide supplemental executive retirement benefits for certain executive officers. | |||||||||
Net periodic benefit costs related to the pension plans included the following (in millions): | |||||||||
Noranda Pension Plans | St. Ann Pension Plans | ||||||||
Three months ended September 30, | Three months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 3.8 | 3.4 | 0.1 | 0.2 | |||||
Interest cost | 4.5 | 4.5 | 0.4 | 0.4 | |||||
Expected return on plan assets | (5.0 | ) | (4.7 | ) | (0.5 | ) | (0.6 | ) | |
Recognized actuarial loss | 3.3 | 2.8 | — | — | |||||
Amortization of prior service cost | 0.2 | 0.1 | — | — | |||||
Net periodic cost | 6.8 | 6.1 | — | — | |||||
Noranda Pension Plans | St. Ann Pension Plans | ||||||||
Nine months ended September 30, | Nine months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 11.5 | 10 | 0.4 | 0.6 | |||||
Interest cost | 13.5 | 13.4 | 1.2 | 1.2 | |||||
Expected return on plan assets | (15.2 | ) | (14.2 | ) | (1.7 | ) | (1.7 | ) | |
Recognized actuarial loss | 9.7 | 8.3 | — | — | |||||
Amortization of prior service cost | 0.8 | 0.3 | — | — | |||||
Net periodic cost | 20.3 | 17.8 | (0.1 | ) | 0.1 | ||||
Net periodic benefit costs related to the OPEB plans included the following (in millions): | |||||||||
Noranda OPEB Plans | St. Ann OPEB Plans | ||||||||
Three months ended September 30, | Three months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 0.1 | 0.1 | — | 0.1 | |||||
Interest cost | 0.1 | 0.2 | 0.2 | 0.1 | |||||
Recognized actuarial loss | 0.1 | — | — | — | |||||
Amortization of prior service cost | — | — | (0.1 | ) | — | ||||
Net periodic cost | 0.3 | 0.3 | 0.1 | 0.2 | |||||
Noranda OPEB Plans | St. Ann OPEB Plans | ||||||||
Nine months ended September 30, | Nine months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 0.4 | 0.3 | 0.1 | 0.3 | |||||
Interest cost | 0.4 | 0.5 | 0.4 | 0.3 | |||||
Recognized actuarial loss | 0.1 | — | — | — | |||||
Amortization of prior service cost | — | — | (0.1 | ) | — | ||||
Net periodic cost | 0.9 | 0.8 | 0.4 | 0.6 | |||||
Expected Employer Contributions | |||||||||
We contributed $11.0Â million and $0.4Â million to the Noranda Pension Plans and the St. Ann Pension Plans, respectively, during the nine months ended September 30, 2013. We anticipate making approximately $3.1 million and $0.2 million of pension funding payments to the Noranda Pension Plans and the St. Ann Pension Plans, respectively for the remainder of the year ending December 31, 2013. |
Derivative_Financial_Instrumen
Derivative Financial Instruments (Footnote) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||
Derivative instruments and hedging activities disclosure | ' | ||||||||||
    DERIVATIVE FINANCIAL INSTRUMENTS | |||||||||||
We use derivative instruments to mitigate the risks associated with fluctuations in aluminum prices, natural gas prices and interest rates. All derivatives are held for purposes other than trading. | |||||||||||
Fixed price aluminum swaps. Through 2010, we utilized a hedging strategy designed to reduce commodity price risk and protect operating cash flows in the Primary Aluminum segment through the use of fixed price aluminum swaps. In May 2010, we settled all of our remaining fixed price aluminum swaps and used the proceeds to repay indebtedness. As of September 30, 2013, we had no outstanding fixed price aluminum swaps. | |||||||||||
Fixed-price customer arrangements. We enter into forward contracts with our customers to sell aluminum in the future at fixed prices in the normal course of business. We do not elect normal sale accounting on certain customer contracts and instead record those contracts as derivatives ("fixed price aluminum customer contracts"). Because these fixed price aluminum customer contracts expose us to aluminum and Midwest premium ("MWP") market price fluctuations, we economically hedge these risks by entering into variable price aluminum swap contracts ("variable-price aluminum offset swaps") and variable price MWP contracts with various brokers, typically for terms of one year or less. | |||||||||||
As of September 30, 2013, our outstanding fixed-price aluminum customer contracts were as follows: | |||||||||||
Average price per pound | Pounds | ||||||||||
Year | $ | (in millions) | |||||||||
2013 | 1.04 | 15.7 | |||||||||
2014 | 1 | 51 | |||||||||
2015 | 1.03 | 0.9 | |||||||||
As of September 30, 2013, our outstanding variable-price aluminum offset swaps were as follows: | |||||||||||
Average hedged price per pound | Pounds hedged | ||||||||||
Year | $ | (in millions) | |||||||||
2013 | 0.91 | 20.8 | |||||||||
2014 | 0.88 | 55.3 | |||||||||
2015 | 0.92 | 0.9 | |||||||||
As of September 30, 2013, our outstanding variable-price MWP contracts were as follows were as follows: | |||||||||||
Average hedged price per pound | Pounds hedged | ||||||||||
Year | $ | (in millions) | |||||||||
2013 | 0.11 | 20.5 | |||||||||
2014 | 0.11 | 50.8 | |||||||||
2015 | 0.1 | 0.4 | |||||||||
Natural gas swaps. We purchase natural gas to meet our production requirements. These purchases expose us to the risk of fluctuating natural gas prices. To offset changes in the Henry Hub Index Price of natural gas, from time to time, we have entered into financial swaps by purchasing the fixed forward price for the Henry Hub Index and simultaneously entering into an agreement to sell the actual Henry Hub Index Price. During the nine months ended September 30, 2013, we had no outstanding natural gas swaps. | |||||||||||
Fixed-price natural gas contract. In 2012, we exercised a provision in the natural gas supply contract for our alumina refinery to set fixed prices for a portion of the refinery's anticipated natural gas usage in the period from April through December 2012. We recorded these contracts as derivatives, based on the fair value of the Henry Hub Index price of natural gas. As of September 30, 2013, we had no fixed price purchases of natural gas remaining. | |||||||||||
We recognize all derivative instruments as either assets or liabilities at their estimated fair value in our accompanying unaudited consolidated balance sheets. The following table presents the carrying values, which were recorded at fair value, of our derivative instruments outstanding (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Fixed-price aluminum customer contracts | 4.6 | (0.8 | ) | ||||||||
Variable-price aluminum offset swaps | (3.6 | ) | 0.5 | ||||||||
Variable-price MWP contracts | (0.9 | ) | 1.1 | ||||||||
Total | 0.1 | 0.8 | |||||||||
We have two counterparties for our variable price aluminum offset swaps. Our variable-price MWP contracts are with various other counterparties. With each of the counterparties of our variable price aluminum offset swaps, we have a master netting arrangement which is subject to the same guarantee and security provisions as the senior secured credit facilities. The master netting arrangements do not require us to post additional collateral, or cash margin. We present the fair values of derivatives which are subject to a master netting arrangement in a net position on the unaudited consolidated balance sheets. The following is a presentation of the gross components of our net derivative balances (in millions): | |||||||||||
As of September 30, 2013 | |||||||||||
Counterparty | Gross derivative assets offset | Amount offset | Net derivative assets offset | Derivative assets not offset | Derivative assets, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | 0.2 | (0.2 | ) | — | — | — | |||||
Various counterparties not subject to a master netting arrangement | — | — | — | 4.4 | 4.4 | ||||||
Total current derivative assets | 0.2 | (0.2 | ) | — | 4.4 | 4.4 | |||||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | 0.2 | 0.2 | ||||||
Total long-term derivative assets | — | — | — | 0.2 | 0.2 | ||||||
As of September 30, 2013 | |||||||||||
Counterparty | Gross derivative liabilities offset | Amount offset | Net derivative liabilities offset | Derivative liabilities not offset | Derivative liabilities, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | (3.6 | ) | — | (3.6 | ) | — | (3.6 | ) | |||
Master netting arrangement with counterparty two | (0.2 | ) | 0.2 | — | — | — | |||||
Various counterparties not subject to a master netting arrangement | — | — | — | (0.9 | ) | (0.9 | ) | ||||
Total current derivative liabilities | (3.8 | ) | 0.2 | (3.6 | ) | (0.9 | ) | (4.5 | ) | ||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | — | — | ||||||
Total long-term derivative liabilities | — | — | — | — | — | ||||||
As of December 31, 2012 | |||||||||||
Counterparty | Gross derivative assets offset | Amount offset | Net derivative assets offset | Derivative assets not offset | Derivative assets, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | 2 | (1.5 | ) | 0.5 | — | 0.5 | |||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | 2.1 | 2.1 | ||||||
Total current derivative assets | 2 | (1.5 | ) | 0.5 | 2.1 | 2.6 | |||||
Master netting arrangement with counterparty one | — | — | — | 0.1 | 0.1 | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | — | — | ||||||
Total long-term derivative assets | — | — | — | 0.1 | 0.1 | ||||||
As of December 31, 2012 | |||||||||||
Counterparty | Gross derivative liabilities offset | Amount offset | Net derivative liabilities offset | Derivative liabilities not offset | Derivative liabilities, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | (1.5 | ) | 1.5 | — | — | — | |||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | (1.8 | ) | (1.8 | ) | ||||
Total current derivative liabilities | (1.5 | ) | 1.5 | — | (1.8 | ) | (1.8 | ) | |||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | (0.1 | ) | (0.1 | ) | ||||
Total long-term derivative liabilities | — | — | — | (0.1 | ) | (0.1 | ) | ||||
As of September 30, 2013 and December 31, 2012, respectively, none of our derivative instruments were designated and qualified as fair value or cash flow hedges. We discontinued hedge accounting for all our aluminum fixed price sale swaps on January 29, 2009. At that date, amounts were frozen in AOCI to be reclassified into earnings in the period the hedged sales occur, or until we determined that the original forecasted sales were no longer probable of occurring. During the nine months ended September 30, 2013, we reclassified the remaining $6.4 million of gains into earnings, which is reflected in (gain) loss on hedging activities, net in the unaudited consolidated statement of operations. As of September 30, 2013, there were no remaining derivative gains or losses on hedging activities in AOCI. | |||||||||||
Derivatives that do not qualify for hedge accounting or have not been designated for hedge accounting treatment are adjusted to fair value through earnings in (gain) loss on hedging activities, net in the unaudited consolidated statements of operations. | |||||||||||
The following table presents how our hedging activities affected our unaudited consolidated statements of operations for each period (in millions): | |||||||||||
Derivatives qualified as hedges | Derivatives not | ||||||||||
qualified as hedges | |||||||||||
Amount reclassified from AOCI | Change in fair value | Total (gain) loss on hedging activities | |||||||||
$ | $ | $ | |||||||||
Three months ended September 30, 2013 | |||||||||||
Fixed-price aluminum customer contracts | — | 1.9 | 1.9 | ||||||||
Variable-price aluminum offset swaps and other | — | 0.5 | 0.5 | ||||||||
Total | — | 2.4 | 2.4 | ||||||||
Three months ended September 30, 2012 | |||||||||||
Fixed-price aluminum swaps | (31.7 | ) | — | (31.7 | ) | ||||||
Fixed-price aluminum customer contracts | — | 7.1 | 7.1 | ||||||||
Variable-price aluminum offset swaps and other | — | (6.3 | ) | (6.3 | ) | ||||||
Natural gas swaps | 6.4 | (0.3 | ) | 6.1 | |||||||
Natural gas fixed-price contract | — | (0.6 | ) | (0.6 | ) | ||||||
Total | (25.3 | ) | (0.1 | ) | (25.4 | ) | |||||
Nine months ended September 30, 2013 | |||||||||||
Fixed-price aluminum swaps | (6.4 | ) | — | (6.4 | ) | ||||||
Fixed-price aluminum customer contracts | — | (5.3 | ) | (5.3 | ) | ||||||
Variable-price aluminum offset swaps and other | — | 11.7 | 11.7 | ||||||||
Total | (6.4 | ) | 6.4 | — | |||||||
Nine months ended September 30, 2012 | |||||||||||
Fixed-price aluminum swaps | (83.9 | ) | — | (83.9 | ) | ||||||
Fixed-price aluminum customer contracts | — | 3.9 | 3.9 | ||||||||
Variable-price aluminum offset swaps and other | — | (2.2 | ) | (2.2 | ) | ||||||
Natural gas swaps | 19.6 | 0.9 | 20.5 | ||||||||
Natural gas fixed-price contract | — | (0.8 | ) | (0.8 | ) | ||||||
Total | (64.3 | ) | 1.8 | (62.5 | ) | ||||||
Shareholders_Equity_Footnote
Shareholders' Equity (Footnote) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Stockholders' Equity Note [Abstract] | ' | ||||
Shareholders' Equity Disclosure [Text Block] | ' | ||||
SHAREHOLDERS' EQUITY | |||||
Dividends declared and paid during the nine months ended September 30, 2013 were as follows: | |||||
Declaration date | Per share dividend amount | Date paid | Total cash payment | ||
$/share | $ in millions | ||||
February 20, 2013 | 0.04 | March 27, 2013 | 2.7 | ||
24-Apr-13 | 0.04 | 29-May-13 | 2.7 | ||
24-Jul-13 | 0.04 | 28-Aug-13 | 2.8 | ||
On October 30, 2013, the Board declared a regular quarterly dividend of $0.01 per share to be paid on December 5, 2013 to shareholders of record as of November 12, 2013. Cash payments related to this dividend will total approximately $0.7 million. | |||||
As part of his employment agreement, our Chief Executive Officer ("CEO") agreed to purchase 200,000 shares of common stock at $10.00 per share, for a total investment of $2.0 million. His employment agreement provides that shares purchased carry a redemption feature which guarantees total realization on these shares of at least $7.5 million (reduced to $7.0 million as of December 31, 2012 to reflect dividends to date) in the event a change in control occurred prior to March 3, 2013, and the CEO remained employed with us through the 12 month anniversary of such change in control or experiences certain qualifying terminations of employment. | |||||
Because of the existence of the conditional redemption feature, the carrying value of these 200,000 shares of common stock was reported outside of permanent equity as of December 31, 2012. In accordance with FASB ASC Topic 718, Compensation — Stock Compensation ("ASC Topic 718"), the carrying amount of the common stock subject to redemption is reported as the $2.0 million in proceeds. Because a change in control did not occur prior to March 3, 2013, the carrying value of that common stock was not adjusted to the redemption amount. During the nine months ended September 30, 2013, the carrying amount of $2.0 million was reclassified into permanent equity. |
ShareBased_Payments_ShareBased
Share-Based Payments Share-Based Payments (Footnote) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Share-based Compensation [Abstract] | ' | ||||||||||||||
Share-based payments disclosure | ' | ||||||||||||||
SHARE-BASED PAYMENTS | |||||||||||||||
We recorded stock compensation expense as follows (in millions): | |||||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
$ | $ | $ | $ | ||||||||||||
Stock options | — | 0.1 | 0.1 | 0.4 | |||||||||||
Restricted stock and restricted stock unit equity awards | 1.3 | 0.8 | 3.3 | 3.3 | |||||||||||
Restricted stock unit liability awards | — | — | — | 0.2 | |||||||||||
Total stock compensation expense | 1.3 | 0.9 | 3.4 | 3.9 | |||||||||||
Share-based payment awards held by employee and non-employee directors include stock options, restricted stock, and restricted stock units ("RSUs"). Restricted stock and RSU awards have either service-vesting and/or performance-vesting requirements, and some also have market-based conditions. We account for RSUs granted to the investor director provider group, which consists of the full-time employees of our principal shareholders affiliated with Apollo Management VI, L.P. ("Apollo") who serve on our board of directors, as liability awards. | |||||||||||||||
During first quarter 2012, in respect of the supplemental dividend of $1.25 paid on March 19, 2012, holders of stock options and of service-vesting restricted stock and RSUs received $1.25 for each share underlying such awards. We accelerated $1.2 million of stock compensation expense in connection with this payment. Holders of performance-vesting restricted stock and RSUs were granted additional performance-vesting restricted stock or RSUs, as applicable, with respect to the $1.25 per share supplemental dividend. The number of additional shares or units was computed by dividing the amount of the dividend the award holder would have received for a number of shares of our common stock equal to the number subject to the applicable award divided by the fair market value of a share of our common stock on the last trading day before the dividend payment date. These additional shares or units are subject to the same vesting conditions as the underlying awards. Generally, holders of service-vesting and performance-vesting restricted stock and RSUs were granted additional shares or units, with respect to the regular quarterly dividends in 2012 and 2013. The number of additional shares or units was computed by dividing the amount of dividend the award holder would have received had the holder owned a number of shares equal to the number subject to the applicable award by the fair market value of a share of our common stock on the last trading day before the date of the dividend payment. These additional shares or units are subject to the same vesting conditions as the underlying award. | |||||||||||||||
As of September 30, 2013, total unrecognized stock compensation expense related to share-based payment awards was $4.1 million. We will recognize this amount over a weighted-average period of 1.3 years. During first quarter 2013, we began recognizing stock compensation expense for performance-vesting RSUs awarded in 2011 because the performance conditions have now been determined. We have not yet recognized stock compensation expense for performance-vesting restricted stock or RSUs awarded in 2012 or 2013 because the performance conditions had not been determined as of September 30, 2013. Outstanding share-based payment awards include dividend equivalent units issued to restricted stock and RSU holders in connection with dividend payments to shareholders. | |||||||||||||||
Our stock option activity was as follows: | |||||||||||||||
Employee options and non-employee | Investor director provider options | ||||||||||||||
director options | |||||||||||||||
Common | Weighted-average exercise price | Intrinsic value (in millions)(1) | Common | Weighted-average exercise price | Intrinsic value (in millions) | ||||||||||
shares | shares | ||||||||||||||
$ | $ | $ | $ | ||||||||||||
Outstanding, December 31, 2012 | 1,307,989 | 1.89 | 5.7 | 140,000 | 9 | — | |||||||||
Exercised | (104,640 | ) | 1.6 | 0.2 | — | — | — | ||||||||
Forfeited | (7,000 | ) | 1.14 | — | — | — | — | ||||||||
Outstanding, September 30, 2013 | 1,196,349 | 1.92 | 1 | 140,000 | 9 | — | |||||||||
Fully vested and exercisable, September 30, 2013 (weighted-average remaining contractual term of 4.7 years and 4.1 years, respectively) | 974,578 | 2.1 | 0.7 | 140,000 | 9 | — | |||||||||
(1) | Options that were not in-the-money at September 30, 2013 and December 31, 2012, and therefore have a negative intrinsic value, have been excluded from intrinsic value calculations. | ||||||||||||||
Restricted stock and RSU equity award activity was as follows: | |||||||||||||||
Service-vesting restricted stock and RSUs | Performance-vesting RSUs with grant date | Performance-vesting restricted stock | Performance-vesting restricted stock and RSUs without grant date | ||||||||||||
(with market condition) | |||||||||||||||
with grant date | |||||||||||||||
Awards | Weighted-average grant date fair value | Awards | Weighted-average grant date fair value | Awards | Weighted-average grant date fair value | Awards | |||||||||
# | $ | # | $ | # | $ | # | |||||||||
Non-vested, December 31, 2012 | 747,937 | 12.48 | 294,336 | 5.22 | — | — | 526,327 | ||||||||
Granted | 457,524 | 4.2 | — | — | 188,000 | 2.13 | 512,988 | ||||||||
Dividend equivalent units granted | 27,102 | 3.63 | 9,458 | 3.72 | 4,343 | 3.48 | 28,814 | ||||||||
Vested (aggregate intrinsic value of $1.0 million) | (236,314 | ) | 11.81 | — | — | — | — | — | |||||||
Forfeited | (28,102 | ) | 10.93 | (4,479 | ) | 6.05 | — | — | (8,903 | ) | |||||
Non-vested, September 30, 2013 (aggregate intrinsic value of $6.2 million) | 968,147 | 8.53 | 299,315 | 5.16 | 192,343 | 2.16 | 1,059,226 | ||||||||
During the second quarter of 2013, we granted performance shares with market-based vesting conditions to certain senior level employees under our Noranda 2010 Incentive Award Plan. These performance shares can be earned upon the achievement of a specified fair market value of the Company's common stock during the defined performance period. These performance shares are also subject to a three-year continued service vesting provision with earlier vesting permitted under certain conditions, such as upon a change of control of the Company. | |||||||||||||||
We determined grant date fair value of service-vesting and performance-vesting restricted stock and RSUs based on the closing price of our common stock on the grant date. For market-based restricted stock, the effect of the market conditions is reflected in the fair value of the awards on the date of grant using a Monte-Carlo simulation model. A Monte-Carlo simulation model estimates the fair value of the market-based award based on the expected term, risk-free interest rate, expected dividend yield and expected volatility measure for the Company. | |||||||||||||||
We estimate a forfeiture rate for share-based payment awards based on historical forfeiture rates of similar awards, which was 7% for restricted stock and RSUs granted to employees during 2013. We expect all share-based payment awards granted to executives and directors to vest. Service-vesting restricted stock and RSUs will generally vest over three years, on the anniversary of the grant date, in the following increments: 25% on the first anniversary, 25% on the second anniversary and 50% on the third anniversary. A grant date had not been determined as of September 30, 2013 for performance-vesting awards granted in 2012 and 2013 because the performance conditions had not yet been determined. | |||||||||||||||
As of September 30, 2013, there was no liability for RSU liability awards. As of December 31, 2012, accrued liabilities in the accompanying unaudited consolidated balance sheets included $0.1 million related to RSU liability awards. | |||||||||||||||
RSU liability award activity was as follows: | |||||||||||||||
RSUs | |||||||||||||||
# | |||||||||||||||
Non-vested, December 31, 2012 | 25,344 | ||||||||||||||
Granted | 20,000 | ||||||||||||||
Dividend equivalent units granted | 652 | ||||||||||||||
Vested | (20,656 | ) | |||||||||||||
Forfeited | (5,069 | ) | |||||||||||||
Non-vested, September 30, 2013 | 20,271 | ||||||||||||||
Net_Income_Per_Common_Share_Fo
Net Income Per Common Share (Footnote) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net income per common share disclosure | ' | ||||||||||||
NET INCOME PER COMMON SHARE | |||||||||||||
Basic and diluted net income (loss) per common share ("EPS") were calculated as follows (in millions, except per share): | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Net income (loss) | $ | (18.2 | ) | $ | 3.8 | $ | (29.9 | ) | $ | 45.3 | |||
Weighted-average common shares outstanding: | |||||||||||||
Basic | 68.01 | 67.68 | 67.9 | 67.49 | |||||||||
Effect of dilutive securities | — | 1.44 | — | 1.61 | |||||||||
Diluted | 68.01 | 69.12 | 67.9 | 69.1 | |||||||||
Net income (loss) per common share: | |||||||||||||
Basic | $ | (0.27 | ) | $ | 0.06 | $ | (0.44 | ) | $ | 0.67 | |||
Diluted | $ | (0.27 | ) | $ | 0.05 | $ | (0.44 | ) | $ | 0.66 | |||
Certain share-based payment awards whose terms and conditions are described in Note 13 "Share-Based Payments," could potentially dilute basic EPS in the future, but were not included in the computation of diluted EPS because to do so would have been antidilutive. Those antidilutive securities were as follows (in millions): | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Antidilutive securities | 2.49 | 0.68 | 1.88 | 0.5 | |||||||||
Income_Taxes_Footnote
Income Taxes (Footnote) | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
INCOME TAXES | |
Our effective income tax rate was approximately 43.3% for the three months ended September 30, 2013 and 33.3% for the three months ended September 30, 2012. Our effective income tax rate was approximately 40.2% for the nine months ended September 30, 2013 and 33.4% for the nine months ended September 30, 2012. The effective income tax rates for the three months and nine months ended September 30, 2013 were primarily impacted by state income taxes, the Internal Revenue Code Section 199 manufacturing deduction, and a foreign deferred tax asset valuation allowance. In regards to state income taxes, our effective income tax rates for the three months and nine months ended September 30, 2013 were impacted by enacted changes in state income tax laws which affected apportionment methods and income tax rates in certain states. As a result of these changes, we recorded a $3.7 million discrete income tax benefit for the three months and nine months ended September 30, 2013. The effective tax rates for the three months ended September 30, 2012 and for the nine months ended September 30, 2012 were primarily impacted by state income taxes, the Internal Revenue Code Section 199 manufacturing deduction, and accrued interest related to unrecognized tax benefits. |
Related_Party_Transactions_Foo
Related Party Transactions (Footnote) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Related Party Transactions [Abstract] | ' | ||||||||
Related party transactions disclosure | ' | ||||||||
RELATED PARTY TRANSACTIONS | |||||||||
We sell flat-rolled products to two customers that are affiliated with Apollo. On April 12, 2013 one of those customers, Metals USA Holdings Corp., was acquired by Reliance Steel & Aluminum Co., a public company not affiliated with Apollo. Sales to these companies were as follows (in millions): | |||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Berry Plastics Corporation | 2.2 | 2.5 | 6.5 | 7.1 | |||||
Metals USA Holdings Corp.(1) | — | 3.4 | 4.2 | 9.1 | |||||
-1 | Sales to Metals USA Holding Corp. include the period in which Metals USA Holdings Corp was affiliated with Apollo through April 12, 2013. | ||||||||
Accounts receivable from these related parties were as follows (in millions): | |||||||||
September 30, | December 31, 2012 | ||||||||
2013 | |||||||||
$ | $ | ||||||||
Berry Plastics Corporation | 0.6 | 0.4 | |||||||
Metals USA Holdings Corp. (1) | — | 1 | |||||||
-1 | As of April 12, 2013 Metals USA Holding Corp. was no longer affiliated with Apollo, therefore accounts receivable for Metals USA Holding Corp. as of September 30, 2013 are not disclosed as related party accounts receivable. | ||||||||
In connection with the 2012 Refinancing, we paid $0.7Â million in fees to Apollo Global Securities, LLC, an affiliate of Apollo that participated in the arrangement and structuring of the 2012 Refinancing. Fees were paid to Apollo Global Securities, LLC in connection with the 2013 Refinancing were immaterial. |
NonControlling_Interest_Footno
Non-Controlling Interest (Footnote) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Noncontrolling Interest Items [Abstract] | ' | ||||||||||||
Non-controlling interest disclosure | ' | ||||||||||||
NON-CONTROLLING INTEREST | |||||||||||||
Through St. Ann, we hold a 49% partnership interest in Noranda Jamaica Bauxite Partners ("NJBP"), in which the GOJ holds a 51% interest. NJBP mines bauxite, approximately 52% of which was sold to Gramercy during 2012, with the remaining majority sold to Sherwin Alumina Company. | |||||||||||||
Under an establishment agreement between our St. Ann and the GOJ, St. Ann committed to make certain expenditures for haulroad development, maintenance, dredging, land purchases, contract mining, training and other general capital expenditures from 2009 through 2014. If we do not meet our commitment to the GOJ regarding these expenditures, we would owe to the GOJ a penalty that could be material to our consolidated financial statements. We believe there is a remote possibility that we will not meet the commitment. | |||||||||||||
We have determined that NJBP is a variable interest entity under U.S. GAAP, and St. Ann is NJBP’s primary beneficiary. The determination that St. Ann is the primary beneficiary was based on the fact that St. Ann absorbs the profits and losses associated with the partnership, while the GOJ receives certain fees from St. Ann (royalties, production and asset usage fees, etc.). We consolidate NJBP into our consolidated financial statements as follows (in millions): | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
NJBP | Impact of Eliminations | Impact on | NJBP | Impact of Eliminations | Impact on | ||||||||
balances | consolidated | balances | consolidated | ||||||||||
statements | statements | ||||||||||||
$ | $ | $ | $ | $ | $ | ||||||||
Cash and cash equivalents | 0.2 | — | 0.2 | 1.7 | — | 1.7 | |||||||
Accounts receivable, net | 14.6 | (14.6 | ) | — | 15.4 | (15.4 | ) | — | |||||
Inventories, net (consisting of maintenance supplies, inventory and fuel) | 19 | — | 19 | 12.6 | — | 12.6 | |||||||
Other current assets | 2.6 | — | 2.6 | 1.6 | — | 1.6 | |||||||
Property, plant and equipment, net | 41.9 | — | 41.9 | 40.1 | — | 40.1 | |||||||
Other assets | 5 | — | 5 | 5 | — | 5 | |||||||
Accounts payable | (67.1 | ) | 55.5 | (11.6 | ) | (58.3 | ) | 49.2 | (9.1 | ) | |||
Accrued liabilities | (3.6 | ) | — | (3.6 | ) | (3.8 | ) | — | (3.8 | ) | |||
Environmental, land and reclamation liabilities | (0.7 | ) | — | (0.7 | ) | (2.4 | ) | — | (2.4 | ) | |||
Non-controlling interest | (6.0 | ) | — | (6.0 | ) | (6.0 | ) | — | (6.0 | ) | |||
St. Ann’s net investment and advances to NJBP | 5.9 | 40.9 | 46.8 | 5.9 | 33.8 | 39.7 | |||||||
Subsidiary_Issuer_of_Guarantee
Subsidiary Issuer of Guaranteed Notes (Footnote) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Guarantees [Abstract] | ' | ||||||||||||
Subsidiary Issuer of Guaranteed Notes disclosure | ' | ||||||||||||
SUBSIDIARY ISSUER OF GUARANTEED NOTES | |||||||||||||
The AcquisitionCo Notes are fully and unconditionally guaranteed on a senior unsecured, joint and several basis by the existing and future domestic subsidiaries of Noranda AcquisitionCo that guarantee the senior secured credit facilities. NHB and St. Ann are not guarantors of the senior secured credit facilities and, are not guarantors of the AcquisitionCo Notes. Noranda HoldCo fully and unconditionally guarantees the AcquisitionCo Notes on a joint and several basis with the subsidiary guarantors. Noranda HoldCo has no independent operations or any assets other than its interest in Noranda AcquisitionCo. Noranda AcquisitionCo is a wholly owned finance subsidiary of Noranda HoldCo with no operations independent of its subsidiaries. | |||||||||||||
The following unaudited condensed consolidating financial statements present separately the financial condition and results of operations and cash flows for Noranda HoldCo (as parent guarantor), Noranda AcquisitionCo (as the issuer), the subsidiary guarantors, the subsidiary non-guarantors and eliminations ("the guarantor financial statements"). The guarantor financial statements have been prepared and presented in accordance with SEC Regulation S-X Rule 3-10 "Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered." | |||||||||||||
The accounting policies used in the preparation of the guarantor financial statements are consistent with those found elsewhere in the accompanying unaudited consolidated financial statements. Intercompany transactions have been presented gross in the guarantor financial statements; however these transactions eliminate in consolidation. | |||||||||||||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Consolidating Balance Sheet as of September 30, 2013 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
ASSETS | |||||||||||||
Current assets: | |||||||||||||
Cash and cash equivalents | 0.4 | 55.2 | 6 | 2.3 | — | 63.9 | |||||||
Accounts receivable, net: | |||||||||||||
Trade | — | — | 101.4 | 4.3 | — | 105.7 | |||||||
Affiliates | 19.7 | 11.9 | 2 | 3.7 | (37.3 | ) | — | ||||||
Inventories, net | — | — | 159.4 | 34.7 | (0.4 | ) | 193.7 | ||||||
Taxes receivable | 3.6 | — | 1.1 | (0.3 | ) | — | 4.4 | ||||||
Prepaid expenses | 0.2 | — | 3.9 | 1.4 | — | 5.5 | |||||||
Other current assets | (0.1 | ) | — | 7.5 | 7.3 | — | 14.7 | ||||||
Total current assets | 23.8 | 67.1 | 281.3 | 53.4 | (37.7 | ) | 387.9 | ||||||
Investments in affiliates | 316 | 1,511.90 | — | — | (1,827.9 | ) | — | ||||||
Advances due from affiliates | — | 125 | 698.2 | 63.5 | (886.7 | ) | — | ||||||
Property, plant and equipment, net | — | — | 618.1 | 64.3 | — | 682.4 | |||||||
Goodwill | — | — | 137.6 | — | — | 137.6 | |||||||
Other intangible assets, net | — | — | 56.7 | — | — | 56.7 | |||||||
Other assets | — | 8.2 | 53.1 | 32.1 | — | 93.4 | |||||||
Total assets | 339.8 | 1,712.20 | 1,845.00 | 213.3 | (2,752.3 | ) | 1,358.00 | ||||||
LIABILITIES AND EQUITY | |||||||||||||
Current liabilities: | |||||||||||||
Accounts payable: | |||||||||||||
Trade | — | 0.2 | 85.9 | 12 | (0.1 | ) | 98 | ||||||
Affiliates | — | 19.7 | 3.6 | 14 | (37.3 | ) | — | ||||||
Accrued liabilities | — | 11.3 | 37.4 | 20.8 | — | 69.5 | |||||||
Derivative liabilities, net | — | — | 4.5 | — | — | 4.5 | |||||||
Deferred tax liabilities | (0.3 | ) | (3.3 | ) | 13.7 | — | — | 10.1 | |||||
Current portion of long-term debt | — | 4.9 | — | — | — | 4.9 | |||||||
Total current liabilities | (0.3 | ) | 32.8 | 145.1 | 46.8 | (37.4 | ) | 187 | |||||
Long-term debt, net | — | 644.2 | — | — | — | 644.2 | |||||||
Pension and other post-retirement liabilities | — | — | 180.4 | 5.9 | — | 186.3 | |||||||
Other long-term liabilities | — | — | 37.1 | 13.1 | — | 50.2 | |||||||
Advances due to affiliates | 189.1 | 697.6 | — | — | (886.7 | ) | — | ||||||
Long-term deferred tax liabilities | 35.5 | 21.6 | 109.6 | 2.4 | (0.3 | ) | 168.8 | ||||||
Shareholders’ equity: | |||||||||||||
Preferred stock | — | — | — | — | — | — | |||||||
Common stock | 0.7 | — | — | — | — | 0.7 | |||||||
Capital in excess of par value | 238.4 | 352.1 | 1,199.70 | 83.7 | (1,635.5 | ) | 238.4 | ||||||
Retained earnings (accumulated deficit) | (20.2 | ) | 67.3 | 277.1 | 54.7 | (399.1 | ) | (20.2 | ) | ||||
Accumulated other comprehensive income (loss) | (103.4 | ) | (103.4 | ) | (104.0 | ) | 0.7 | 206.7 | (103.4 | ) | |||
Total shareholders' equity | 115.5 | 316 | 1,372.80 | 139.1 | (1,827.9 | ) | 115.5 | ||||||
Non-controlling interest | — | — | — | 6 | — | 6 | |||||||
Total equity | 115.5 | 316 | 1,372.80 | 145.1 | (1,827.9 | ) | 121.5 | ||||||
Total liabilities and equity | 339.8 | 1,712.20 | 1,845.00 | 213.3 | (2,752.3 | ) | 1,358.00 | ||||||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Consolidating Balance Sheet as of December 31, 2012 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
ASSETS | |||||||||||||
Current assets: | |||||||||||||
Cash and cash equivalents | 0.5 | 27.9 | 3.3 | 4.4 | — | 36.1 | |||||||
Accounts receivable, net: | |||||||||||||
Trade | — | — | 101.6 | 5 | — | 106.6 | |||||||
Affiliates | 19.4 | 11.9 | 0.3 | 9.9 | (41.5 | ) | — | ||||||
Inventories, net | — | — | 169.1 | 27.2 | (0.5 | ) | 195.8 | ||||||
Taxes receivable | 1.7 | — | 0.6 | (0.3 | ) | — | 2 | ||||||
Prepaid expenses | 0.2 | — | 7.1 | 1.6 | — | 8.9 | |||||||
Other current assets | — | — | 4.9 | 14 | — | 18.9 | |||||||
Total current assets | 21.8 | 39.8 | 286.9 | 61.8 | (42.0 | ) | 368.3 | ||||||
Investments in affiliates | 347 | 1,509.00 | — | — | (1,856.0 | ) | — | ||||||
Advances due from affiliates | — | 119.8 | 682.1 | 63.5 | (865.4 | ) | — | ||||||
Property, plant and equipment, net | — | — | 633.2 | 61.3 | — | 694.5 | |||||||
Goodwill | — | — | 137.6 | — | — | 137.6 | |||||||
Other intangible assets, net | — | — | 61.2 | — | — | 61.2 | |||||||
Other assets | — | 9.3 | 55.6 | 31.2 | — | 96.1 | |||||||
Total assets | 368.8 | 1,677.90 | 1,856.60 | 217.8 | (2,763.4 | ) | 1,357.70 | ||||||
LIABILITIES AND EQUITY | |||||||||||||
Current liabilities: | |||||||||||||
Accounts payable: | |||||||||||||
Trade | — | — | 97.5 | 9.7 | — | 107.2 | |||||||
Affiliates | — | 19.4 | 9.9 | 12.2 | (41.5 | ) | — | ||||||
Accrued liabilities | — | 2 | 30.4 | 26.4 | — | 58.8 | |||||||
Derivative liabilities net | — | — | 1.8 | — | — | 1.8 | |||||||
Deferred tax liabilities | 0.1 | — | 16.7 | — | — | 16.8 | |||||||
Current portion of long-term debt | — | 3.3 | — | — | — | 3.3 | |||||||
Total current liabilities | 0.1 | 24.7 | 156.3 | 48.3 | (41.5 | ) | 187.9 | ||||||
Long-term debt | — | 592.4 | — | — | — | 592.4 | |||||||
Long-term derivative liabilities, net | — | — | 0.1 | — | — | 0.1 | |||||||
Pension and other post-retirement liabilities | — | — | 181.5 | 5.7 | — | 187.2 | |||||||
Other long-term liabilities | — | — | 36.7 | 15.6 | — | 52.3 | |||||||
Advances due to affiliates | 183.7 | 681.7 | — | — | (865.4 | ) | — | ||||||
Long-term deferred tax liabilities | 36.7 | 32.1 | 112.6 | 2.6 | (0.5 | ) | 183.5 | ||||||
Common stock subject to redemption | 2 | — | — | — | — | 2 | |||||||
Shareholders’ equity: | |||||||||||||
Preferred stock | — | — | — | — | — | — | |||||||
Common stock | 0.7 | — | — | — | — | 0.7 | |||||||
Capital in excess of par value | 233.4 | 352.1 | 1,199.70 | 83.7 | (1,635.5 | ) | 233.4 | ||||||
Retained earnings (accumulated deficit) | 17.9 | 100.6 | 276.1 | 55.2 | (431.9 | ) | 17.9 | ||||||
Accumulated other comprehensive income (loss) | (105.7 | ) | (105.7 | ) | (106.4 | ) | 0.7 | 211.4 | (105.7 | ) | |||
Total shareholders’ equity | 146.3 | 347 | 1,369.40 | 139.6 | (1,856.0 | ) | 146.3 | ||||||
Non-controlling interest | — | — | — | 6 | — | 6 | |||||||
Total equity | 146.3 | 347 | 1,369.40 | 145.6 | (1,856.0 | ) | 152.3 | ||||||
Total liabilities and equity | 368.8 | 1,677.90 | 1,856.60 | 217.8 | (2,763.4 | ) | 1,357.70 | ||||||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Consolidating Statement of Operations | |||||||||||||
Three months ended September 30, 2013 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
Sales | — | — | 328.8 | 30.9 | (19.8 | ) | 339.9 | ||||||
Operating costs and expenses: | |||||||||||||
Cost of sales | — | — | 325.6 | 27.5 | (19.8 | ) | 333.3 | ||||||
Selling, general and administrative expenses | 1.6 | 0.1 | 18 | 4 | — | 23.7 | |||||||
Total operating costs and expenses | 1.6 | 0.1 | 343.6 | 31.5 | (19.8 | ) | 357 | ||||||
Operating income (loss) | (1.6 | ) | (0.1 | ) | (14.8 | ) | (0.6 | ) | — | (17.1 | ) | ||
Other (income) expense: | |||||||||||||
Interest expense (income), net | (0.1 | ) | 12.6 | 0.1 | — | — | 12.6 | ||||||
Loss on hedging activities, net | — | — | 2.4 | — | — | 2.4 | |||||||
Debt refinancing expense | — | — | — | — | — | — | |||||||
Total other (income) expense, net | (0.1 | ) | 12.6 | 2.5 | — | — | 15 | ||||||
Income (loss) before income taxes | (1.5 | ) | (12.7 | ) | (17.3 | ) | (0.6 | ) | — | (32.1 | ) | ||
Income tax (benefit) expense | (0.4 | ) | (4.2 | ) | (9.7 | ) | 0.4 | — | (13.9 | ) | |||
Equity in net income (loss) of subsidiaries | (17.1 | ) | (8.6 | ) | — | — | 25.7 | — | |||||
Net income (loss) | (18.2 | ) | (17.1 | ) | (7.6 | ) | (1.0 | ) | 25.7 | (18.2 | ) | ||
Other comprehensive income (loss) | 2.2 | 2.2 | 2.2 | — | (4.4 | ) | 2.2 | ||||||
Total comprehensive income (loss) | (16.0 | ) | (14.9 | ) | (5.4 | ) | (1.0 | ) | 21.3 | (16.0 | ) | ||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Consolidating Statement of Operations | |||||||||||||
Three months ended September 30, 2012 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
Sales | — | — | 323.2 | 33.6 | (20.0 | ) | 336.8 | ||||||
Operating costs and expenses: | |||||||||||||
Cost of sales | — | — | 311 | 32.3 | (20.0 | ) | 323.3 | ||||||
Selling, general and administrative expenses | 1.3 | 0.1 | 19.9 | 3 | — | 24.3 | |||||||
Total operating costs and expenses | 1.3 | 0.1 | 330.9 | 35.3 | (20.0 | ) | 347.6 | ||||||
Operating income (loss) | (1.3 | ) | (0.1 | ) | (7.7 | ) | (1.7 | ) | — | (10.8 | ) | ||
Other (income) expense: | |||||||||||||
Interest expense (income), net | (0.1 | ) | 9.1 | (0.1 | ) | — | — | 8.9 | |||||
Gain on hedging activities, net | — | — | (25.4 | ) | — | — | (25.4 | ) | |||||
Total other (income) expense, net | (0.1 | ) | 9.1 | (25.5 | ) | — | — | (16.5 | ) | ||||
Income (loss) before income taxes | (1.2 | ) | (9.2 | ) | 17.8 | (1.7 | ) | — | 5.7 | ||||
Income tax (benefit) expense | (0.4 | ) | (3.0 | ) | 5.9 | (0.6 | ) | — | 1.9 | ||||
Equity in net income of subsidiaries | 4.6 | 10.8 | — | — | (15.4 | ) | — | ||||||
Net income (loss) | 3.8 | 4.6 | 11.9 | (1.1 | ) | (15.4 | ) | 3.8 | |||||
Other comprehensive income (loss) | (24.9 | ) | (24.9 | ) | (24.9 | ) | — | 49.8 | (24.9 | ) | |||
Total comprehensive income (loss) | (21.1 | ) | (20.3 | ) | (13.0 | ) | (1.1 | ) | 34.4 | (21.1 | ) | ||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Consolidating Statement of Operations | |||||||||||||
Nine months ended September 30, 2013 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
Sales | — | — | 996.5 | 96.5 | (62.7 | ) | 1,030.30 | ||||||
Operating costs and expenses: | |||||||||||||
Cost of sales | — | — | 948.8 | 87 | (62.7 | ) | 973.1 | ||||||
Selling, general and administrative expenses | 4.4 | 1 | 54.2 | 10.2 | — | 69.8 | |||||||
Total operating costs and expenses | 4.4 | 1 | 1,003.00 | 97.2 | (62.7 | ) | 1,042.90 | ||||||
Operating income (loss) | (4.4 | ) | (1.0 | ) | (6.5 | ) | (0.7 | ) | — | (12.6 | ) | ||
Other (income) expense: | |||||||||||||
Interest expense (income), net | (0.3 | ) | 35 | 0.2 | — | — | 34.9 | ||||||
Debt refinancing expense | — | 2.5 | — | — | — | 2.5 | |||||||
Total other (income) expense, net | (0.3 | ) | 37.5 | 0.2 | — | — | 37.4 | ||||||
Income (loss) before income taxes | (4.1 | ) | (38.5 | ) | (6.7 | ) | (0.7 | ) | — | (50.0 | ) | ||
Income tax (benefit) expense | (1.2 | ) | (12.8 | ) | (5.5 | ) | (0.6 | ) | — | (20.1 | ) | ||
Equity in net income of subsidiaries | (27.0 | ) | (1.3 | ) | — | — | 28.3 | — | |||||
Net income | (29.9 | ) | (27.0 | ) | (1.2 | ) | (0.1 | ) | 28.3 | (29.9 | ) | ||
Other comprehensive income (loss) | 2.3 | 2.3 | 2.4 | — | (4.7 | ) | 2.3 | ||||||
Total comprehensive income (loss) | (27.6 | ) | (24.7 | ) | 1.2 | (0.1 | ) | 23.6 | (27.6 | ) | |||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Consolidating Statement of Operations | |||||||||||||
Nine months ended September 30, 2012 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
Sales | — | — | 1,024.70 | 99.1 | (61.8 | ) | 1,062.00 | ||||||
Operating costs and expenses: | |||||||||||||
Cost of sales | — | — | 929 | 92.2 | (61.8 | ) | 959.4 | ||||||
Selling, general and administrative expenses | 5.1 | 0.8 | 49.6 | 9.3 | — | 64.8 | |||||||
Total operating costs and expenses | 5.1 | 0.8 | 978.6 | 101.5 | (61.8 | ) | 1,024.20 | ||||||
Operating income (loss) | (5.1 | ) | (0.8 | ) | 46.1 | (2.4 | ) | — | 37.8 | ||||
Other (income) expense: | |||||||||||||
Interest expense (income), net | (0.3 | ) | 24.5 | — | — | — | 24.2 | ||||||
Gain on hedging activities, net | — | — | (62.5 | ) | — | — | (62.5 | ) | |||||
Debt refinancing expense | — | 8.1 | — | — | — | 8.1 | |||||||
Total other (income) expense, net | (0.3 | ) | 32.6 | (62.5 | ) | — | — | (30.2 | ) | ||||
Income (loss) before income taxes | (4.8 | ) | (33.4 | ) | 108.6 | (2.4 | ) | — | 68 | ||||
Income tax (benefit) expense | (1.5 | ) | (11.2 | ) | 36.2 | (0.8 | ) | — | 22.7 | ||||
Equity in net income of subsidiaries | 48.6 | 70.8 | — | — | (119.4 | ) | — | ||||||
Net income | 45.3 | 48.6 | 72.4 | (1.6 | ) | (119.4 | ) | 45.3 | |||||
Other comprehensive income (loss) | (48.3 | ) | (48.3 | ) | (48.3 | ) | — | 96.6 | (48.3 | ) | |||
Total comprehensive income (loss) | (3.0 | ) | 0.3 | 24.1 | (1.6 | ) | (22.8 | ) | (3.0 | ) | |||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Condensed Consolidating Statement of Cash Flows | |||||||||||||
Nine months ended September 30, 2013 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
OPERATING ACTIVITIES | |||||||||||||
Cash provided by (used in) operating activities | (0.7 | ) | (13.9 | ) | 48.8 | 6.6 | — | 40.8 | |||||
INVESTING ACTIVITIES | |||||||||||||
Capital expenditures | — | — | (47.0 | ) | (8.7 | ) | — | (55.7 | ) | ||||
Proceeds from sale of property, plant and equipment | — | — | 0.9 | — | — | 0.9 | |||||||
Cash used in investing activities | — | — | (46.1 | ) | (8.7 | ) | — | (54.8 | ) | ||||
FINANCING ACTIVITIES | |||||||||||||
Shares tendered for taxes, share-based payment arrangements, net of proceeds from issuance of common shares | (0.1 | ) | — | — | — | — | (0.1 | ) | |||||
Dividends paid to shareholders | (8.2 | ) | — | — | — | — | (8.2 | ) | |||||
Distributions paid to optionholders | — | — | — | — | — | — | |||||||
Repayments of long-term debt | — | (278.8 | ) | — | — | — | (278.8 | ) | |||||
Borrowings on long-term debt, net | — | 331.8 | — | — | — | 331.8 | |||||||
Payments of financing costs | — | (2.9 | ) | — | — | — | (2.9 | ) | |||||
Distribution (to parent) from subsidiary | 8.9 | (8.9 | ) | — | — | — | — | ||||||
Cash provided by (used in) financing activities | 0.6 | 41.2 | — | — | — | 41.8 | |||||||
Change in cash and cash equivalents | (0.1 | ) | 27.3 | 2.7 | (2.1 | ) | — | 27.8 | |||||
Cash and cash equivalents, beginning of period | 0.5 | 27.9 | 3.3 | 4.4 | — | 36.1 | |||||||
Cash and cash equivalents, end of period | 0.4 | 55.2 | 6 | 2.3 | — | 63.9 | |||||||
NORANDA ALUMINUM HOLDING CORPORATION | |||||||||||||
Condensed Consolidating Statement of Cash Flows | |||||||||||||
Nine months ended September 30, 2012 | |||||||||||||
(in millions) | |||||||||||||
(unaudited) | |||||||||||||
Parent guarantor (Noranda HoldCo) | Issuer (Noranda AcquisitionCo) | Subsidiary guarantors | Subsidiary non-guarantors | Eliminations | Consolidated | ||||||||
$ | $ | $ | $ | $ | $ | ||||||||
OPERATING ACTIVITIES | |||||||||||||
Cash provided by (used in) operating activities | — | (63.9 | ) | 46.4 | 3.7 | — | (13.8 | ) | |||||
INVESTING ACTIVITIES | |||||||||||||
Capital expenditures | — | — | (53.2 | ) | (6.6 | ) | — | (59.8 | ) | ||||
Proceeds from sale of property, plant and equipment | — | — | 4.8 | — | — | 4.8 | |||||||
Cash used in investing activities | — | — | (48.4 | ) | (6.6 | ) | — | (55.0 | ) | ||||
FINANCING ACTIVITIES | |||||||||||||
Shares tendered for taxes, share-based payment arrangements, net of proceeds from issuance of common shares | 0.1 | — | — | — | — | 0.1 | |||||||
Dividends paid to shareholders | (92.2 | ) | — | — | — | — | (92.2 | ) | |||||
Distributions paid to share-based award holders | (3.1 | ) | — | — | — | — | (3.1 | ) | |||||
Repayments of long-term debt | — | (154.8 | ) | — | — | — | (154.8 | ) | |||||
Borrowings on long-term debt | — | 322.6 | — | — | — | 322.6 | |||||||
Payments of financing costs | — | (12.6 | ) | — | — | — | (12.6 | ) | |||||
Distribution (to parent) from subsidiary | 92.7 | (92.7 | ) | — | — | — | — | ||||||
Cash provided by (used in) financing activities | (2.5 | ) | 62.5 | — | — | — | 60 | ||||||
Change in cash and cash equivalents | (2.5 | ) | (1.4 | ) | (2.0 | ) | (2.9 | ) | — | (8.8 | ) | ||
Cash and cash equivalents, beginning of period | 3.3 | 31.3 | 3.3 | 4.8 | — | 42.7 | |||||||
Cash and cash equivalents, end of period | 0.8 | 29.9 | 1.3 | 1.9 | — | 33.9 | |||||||
Accounting_Policies_Policies
Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Organization, Consolidation and Basis of Presentation Policy | ' |
Organization, Consolidation and Basis of Presentation | |
The accompanying unaudited consolidated financial statements represent the consolidation of Noranda Aluminum Holding Corporation and all companies that we directly or indirectly control ("Noranda," "the Company," "we," "us," and "our"). "Noranda HoldCo" refers only to Noranda Aluminum Holding Corporation, excluding its subsidiaries. "Noranda AcquisitionCo" refers only to Noranda Aluminum Acquisition Corporation, the wholly-owned direct subsidiary of Noranda HoldCo, excluding its subsidiaries. | |
These unaudited consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") for interim financial information. The consolidated financial statements, including these condensed notes, are unaudited and exclude some of the disclosures required in annual consolidated financial statements. Consolidated balance sheet data as of December 31, 2012 was derived from our audited consolidated financial statements. In management's opinion, these unaudited consolidated financial statements include all adjustments (including normal recurring accruals) that are considered necessary for the fair presentation of our financial position and operating results. All intercompany transactions and accounts have been eliminated in consolidation. Certain reclassifications have been made to previously issued unaudited consolidated financial statements to conform to the current period presentation. These reclassifications had no impact on net income or net cash flows. | |
The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. For example, our interim operating results are affected by peak power usage rates from June through September each year which affect our operating costs at the New Madrid smelter. We are also subject to seasonality associated with the demand cycles of our end-use customers, which results in lower shipment levels from November to February relative to other periods during the year. | |
These unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission ("SEC") on February 28, 2013. |
Segments_Tables
Segments (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Segment Reporting, Measurement Disclosures [Abstract] | ' | ||||||||||||||
Schedule reconciling segment profit loss to consolidated income before income taxes [Table Text Block] | ' | ||||||||||||||
The following tables present operating and asset information for our reportable segments (in millions): | |||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 11.1 | 49.5 | 133.4 | 145.9 | — | — | 339.9 | ||||||||
Intersegment | 19.8 | 35.7 | 19.6 | — | — | (75.1 | ) | — | |||||||
Total sales | 30.9 | 85.2 | 153 | 145.9 | — | (75.1 | ) | 339.9 | |||||||
Capital expenditures | 1.5 | 4.2 | 7.5 | 2.5 | 0.5 | — | 16.2 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 2.3 | 3.9 | (1.1 | ) | 13.6 | (7.5 | ) | (0.2 | ) | 11 | |||||
Depreciation and amortization | (2.9 | ) | (6.0 | ) | (10.2 | ) | (5.1 | ) | (0.1 | ) | — | (24.3 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 2.3 | (1.1 | ) | — | (0.1 | ) | 1.1 | ||||||
Loss on disposal of assets | (0.1 | ) | — | — | (1.5 | ) | — | — | (1.6 | ) | |||||
Non-cash pension, accretion and stock compensation | — | (0.2 | ) | (1.8 | ) | (1.5 | ) | (1.6 | ) | — | (5.1 | ) | |||
Relocation and severance | — | — | 0.1 | — | (0.9 | ) | — | (0.8 | ) | ||||||
Cash settlements on hedging transactions | — | — | 0.6 | 2.3 | — | — | 2.9 | ||||||||
Other, net | 0.1 | (0.1 | ) | — | 0.1 | (0.5 | ) | 0.1 | (0.3 | ) | |||||
Operating income (loss) | (0.6 | ) | (2.4 | ) | (10.1 | ) | 6.8 | (10.6 | ) | (0.2 | ) | (17.1 | ) | ||
Interest expense, net | 12.6 | ||||||||||||||
Loss on hedging activities, net | 2.4 | ||||||||||||||
Total other expense, net | 15 | ||||||||||||||
Loss before income taxes | (32.1 | ) | |||||||||||||
Three months ended September 30, 2012 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 13.6 | 48.6 | 129.1 | 145.5 | — | — | 336.8 | ||||||||
Intersegment | 20 | 32 | 18.1 | — | — | (70.1 | ) | — | |||||||
Total sales | 33.6 | 80.6 | 147.2 | 145.5 | — | (70.1 | ) | 336.8 | |||||||
Capital expenditures | 2.6 | 4.6 | 7.1 | 2.7 | 0.9 | — | 17.9 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 0.3 | 1.8 | 3.1 | 12 | (7.3 | ) | 0.2 | 10.1 | |||||||
Depreciation and amortization | (2.1 | ) | (5.8 | ) | (11.0 | ) | (4.4 | ) | (0.3 | ) | — | (23.6 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 3 | 6.8 | — | 0.2 | 10 | ||||||||
Gain (loss) on disposal of assets | 0.2 | — | (1.4 | ) | — | — | — | (1.2 | ) | ||||||
Non-cash pension, accretion and stock compensation | — | (0.2 | ) | (1.4 | ) | (1.3 | ) | (1.1 | ) | — | (4.0 | ) | |||
Consulting fees | — | — | — | — | (0.2 | ) | — | (0.2 | ) | ||||||
Relocation and severance | — | — | 0.1 | (0.1 | ) | (0.1 | ) | — | (0.1 | ) | |||||
Cash settlements on hedging transactions | — | — | 0.2 | 2.3 | — | — | 2.5 | ||||||||
Other, net (1) | — | — | (3.6 | ) | (0.1 | ) | — | (0.6 | ) | (4.3 | ) | ||||
Operating income (loss) | (1.6 | ) | (4.2 | ) | (11.0 | ) | 15.2 | (9.0 | ) | (0.2 | ) | (10.8 | ) | ||
Interest expense, net | 8.9 | ||||||||||||||
Gain on hedging activities, net | (25.4 | ) | |||||||||||||
Total other income, net | (16.5 | ) | |||||||||||||
Income before income taxes | 5.7 | ||||||||||||||
(1)Â | "Other, net" in the table above includes $3.5 million of contingency costs to assemble a back-up labor force during the renegotiation of our collective bargaining agreement at our New Madrid smelter during third quarter 2012. | ||||||||||||||
Nine months ended September 30, 2013 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 33.8 | 142.9 | 408.6 | 445 | — | — | 1,030.30 | ||||||||
Intersegment | 62.7 | 115.5 | 62.2 | — | — | (240.4 | ) | — | |||||||
Total sales | 96.5 | 258.4 | 470.8 | 445 | — | (240.4 | ) | 1,030.30 | |||||||
Capital expenditures | 8.7 | 13.1 | 23.2 | 8.7 | 2 | — | 55.7 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 7.2 | 10.8 | 37 | 41.6 | (24.3 | ) | — | 72.3 | |||||||
Depreciation and amortization | (7.9 | ) | (16.6 | ) | (31.4 | ) | (14.4 | ) | (0.6 | ) | — | (70.9 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 2.7 | (3.4 | ) | — | (0.4 | ) | (1.1 | ) | |||||
Gain (loss) on disposal of assets | (0.1 | ) | 0.5 | 0.1 | (2.7 | ) | — | — | (2.2 | ) | |||||
Non-cash pension, accretion and stock compensation | 0.1 | (0.7 | ) | (5.3 | ) | (4.4 | ) | (4.4 | ) | — | (14.7 | ) | |||
Relocation and severance | — | (0.2 | ) | (0.3 | ) | (0.1 | ) | (1.3 | ) | — | (1.9 | ) | |||
Consulting fees | — | — | — | — | (0.4 | ) | — | (0.4 | ) | ||||||
Cash settlements on hedging transactions | — | — | 1.3 | 5.3 | — | — | 6.6 | ||||||||
Other, net | — | (0.3 | ) | — | (0.4 | ) | 0.4 | (0.3 | ) | ||||||
Operating income (loss) | (0.7 | ) | (6.5 | ) | 4.1 | 21.9 | (31.4 | ) | — | (12.6 | ) | ||||
Interest expense, net | 34.9 | ||||||||||||||
Gain on hedging activities, net | — | ||||||||||||||
Debt refinancing expense | 2.5 | ||||||||||||||
Total other income, net | 37.4 | ||||||||||||||
Loss before income taxes | (50.0 | ) | |||||||||||||
Nine months ended September 30, 2012 | |||||||||||||||
Bauxite | Alumina | Primary Aluminum | Flat-Rolled Products | Corporate | Eliminations | Consolidated | |||||||||
$ | $ | $ | $ | $ | $ | $ | |||||||||
Sales: | |||||||||||||||
External customers | 37.3 | 162.1 | 413.1 | 449.5 | — | — | 1,062.00 | ||||||||
Intersegment | 61.8 | 106.2 | 58.2 | — | — | (226.2 | ) | — | |||||||
Total sales | 99.1 | 268.3 | 471.3 | 449.5 | — | (226.2 | ) | 1,062.00 | |||||||
Capital expenditures | 6.6 | 12.8 | 27.8 | 10.4 | 2.2 | — | 59.8 | ||||||||
Reconciliation of segment profit (loss) to operating income (loss): | |||||||||||||||
Segment profit (loss) | 3.9 | 29.2 | 51.9 | 41.1 | (22.3 | ) | — | 103.8 | |||||||
Depreciation and amortization | (6.3 | ) | (16.3 | ) | (32.9 | ) | (13.7 | ) | (1.0 | ) | — | (70.2 | ) | ||
Last in, first out and lower of cost or market inventory adjustments | — | — | 7.4 | 7.2 | — | (0.3 | ) | 14.3 | |||||||
Gain (loss) on disposal of assets | 0.2 | — | (3.0 | ) | 4.2 | — | — | 1.4 | |||||||
Non-cash pension, accretion and stock compensation | (0.1 | ) | (0.6 | ) | (4.1 | ) | (3.7 | ) | (4.6 | ) | — | (13.1 | ) | ||
Relocation and severance | — | — | (0.1 | ) | (0.2 | ) | (0.2 | ) | — | (0.5 | ) | ||||
Consulting fees | — | — | — | — | (0.7 | ) | — | (0.7 | ) | ||||||
Cash settlements on hedging transactions | — | — | 0.7 | 6.3 | — | — | 7 | ||||||||
Other, net (1) | — | (0.4 | ) | (3.5 | ) | — | (0.2 | ) | (0.1 | ) | (4.2 | ) | |||
Operating income (loss) | (2.3 | ) | 11.9 | 16.4 | 41.2 | (29.0 | ) | (0.4 | ) | 37.8 | |||||
Interest expense, net | 24.2 | ||||||||||||||
Gain on hedging activities, net | (62.5 | ) | |||||||||||||
Debt refinancing expense | 8.1 | ||||||||||||||
Total other income, net | (30.2 | ) | |||||||||||||
Income before income taxes | 68 | ||||||||||||||
Schedule reconciling segment assets to consolidated assets | ' | ||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||
Segment assets: | $ | $ | |||||||||||||
Bauxite | 149.8 | 154.3 | |||||||||||||
Alumina | 230.6 | 238 | |||||||||||||
Primary Aluminum | 526.3 | 534.2 | |||||||||||||
Flat-Rolled Products | 353.8 | 374.2 | |||||||||||||
Corporate | 116.8 | 84 | |||||||||||||
Eliminations | (19.3 | ) | (27.0 | ) | |||||||||||
Total assets | 1,358.00 | 1,357.70 | |||||||||||||
Supplemental_Financial_Stateme1
Supplemental Financial Statement Information Supplemental Financial Statement Information (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Supplemental Financial Statement Information [Abstract] | ' | ||||||||||
Schedule of depreciation and amortization | ' | ||||||||||
Depreciation and amortization in the accompanying unaudited consolidated statements of cash flows included the following (in millions): | |||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||
$ | $ | $ | $ | ||||||||
Depreciation of property, plant and equipment | 22.2 | 20.9 | 63.5 | 62 | |||||||
Amortization of intangible assets | 1.4 | 1.5 | 4.4 | 4.5 | |||||||
Amortization of other long-term assets | 0.7 | 1.2 | 3 | 3.7 | |||||||
Total depreciation and amortization | 24.3 | 23.6 | 70.9 | 70.2 | |||||||
Schedule of supplemental cash flow disclosures | ' | ||||||||||
Cash paid for interest and income taxes was as follows (in millions): | |||||||||||
Nine months ended September 30, | |||||||||||
2013 | 2012 | ||||||||||
$ | $ | ||||||||||
Interest paid | 24.6 | 19.9 | |||||||||
U.S. Federal and state income taxes paid, net of refunds received | 6.1 | 32.5 | |||||||||
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||
Reclassifications out of AOCI were included in the unaudited consolidated statements of operations as follows (in millions): | |||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other | Affected line item in the unaudited consolidated statements of operations | |||||||||
comprehensive income (loss) | |||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||
$ | $ | $ | $ | ||||||||
Selling, general and administrative expenses ("SGA") | |||||||||||
Actuarial gain/loss | 0.7 | 0.6 | 2.1 | 1.8 | (1)Â | ||||||
Prior service costs | 0.1 | — | 0.2 | 0.1 | (1) | ||||||
Total pension amounts reclassified into SGA | 0.8 | 0.6 | 2.3 | 1.9 | Selling, general and administrative expenses | ||||||
Cost of sales ("COS") | |||||||||||
Actuarial gain/loss | 2.5 | 2.2 | 7.5 | 6.5 | (1)Â | ||||||
Prior service costs | 0.2 | 0.1 | 0.6 | 0.2 | (1)Â | ||||||
Total pension amounts reclassified into COS | 2.7 | 2.3 | 8.1 | 6.7 | Cost of sales | ||||||
Reclassification of pension and OPEB amounts realized in net income | 3.5 | 2.9 | 10.4 | 8.6 | |||||||
Income taxes related to reclassifications of pension and OPEB amounts | (1.3 | ) | (1.1 | ) | (3.7 | ) | (3.2 | ) | Income tax expense (benefit) | ||
Reclassification of pension and OPEB amounts realized in net income, net of tax | 2.2 | 1.8 | 6.7 | 5.4 | Net income (loss) | ||||||
Reclassification of derivative amounts realized in net income | — | (25.3 | ) | (6.4 | ) | (64.3 | ) | (Gain) loss on hedging activities, net | |||
Income taxes related to reclassifications of derivative amounts | — | 9.2 | 2 | 23.4 | Income tax expense (benefit) | ||||||
Reclassification of derivative amounts realized in net income, net of tax | — | (16.1 | ) | (4.4 | ) | (40.9 | ) | Net income (loss) | |||
(1)Â | These accumulated other comprehensive income components are included in the computation of net periodic pension cost shown in Note 10, "Pensions and Other Post-Retirement Benefits." | ||||||||||
Schedule of changes in accumulated other comprehensive income (loss) | ' | ||||||||||
Changes in accumulated other comprehensive income (loss) ("AOCI") were as follows (in millions): | |||||||||||
Unrealized net actuarial gain (loss), prior service cost and other related to pension and OPEB | Accumulated tax benefit (expense) related to unrealized net actuarial gain/loss, prior service cost and other related to pension and OPEB | Unrealized gain (loss) on derivatives | Accumulated tax benefit (expense) related to unrealized gain or loss on derivatives | Total, net of tax | |||||||
$ | $ | $ | $ | $ | |||||||
Balance, December 31, 2011 | (163.8 | ) | 61.2 | 94.1 | (33.9 | ) | (42.4 | ) | |||
Amounts recorded to AOCI for the period | (24.3 | ) | 9.6 | (3.5 | ) | 1.3 | (16.9 | ) | |||
Reclassification of amounts realized in net income (loss) | 11.9 | (4.7 | ) | (84.2 | ) | 30.6 | (46.4 | ) | |||
Balance, December 31, 2012 | (176.2 | ) | 66.1 | 6.4 | (2.0 | ) | (105.7 | ) | |||
Reclassification of amounts realized in net income (loss) | 10.4 | (3.7 | ) | (6.4 | ) | 2 | 2.3 | ||||
Balance, September 30, 2013 | (165.8 | ) | 62.4 | — | — | (103.4 | ) | ||||
Schedule of cash and cash equivalents | ' | ||||||||||
Cash and cash equivalents consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Cash | 33.9 | 26.1 | |||||||||
Money market funds | 30 | 10 | |||||||||
Total cash and cash equivalents | 63.9 | 36.1 | |||||||||
Schedule of accounts receivable | ' | ||||||||||
Accounts receivable, net, consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Trade | 105.9 | 106.8 | |||||||||
Allowance for doubtful accounts | (0.2 | ) | (0.2 | ) | |||||||
Total accounts receivable, net | 105.7 | 106.6 | |||||||||
Schedule of other current assets | ' | ||||||||||
Other current assets consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Current foreign deferred tax asset | 2.6 | 2.6 | |||||||||
Employee loans receivable, net | 2.1 | 2 | |||||||||
Current derivative assets (see Note 11, "Derivative Financial Instruments") | 4.4 | 2.6 | |||||||||
Other current assets | 5.6 | 11.7 | |||||||||
Total other current assets | 14.7 | 18.9 | |||||||||
Schedule of other noncurrent assets | ' | ||||||||||
Other assets consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Deferred financing costs, net of amortization | 8.2 | 9.3 | |||||||||
Cash surrender value of life insurance | 26.8 | 26.3 | |||||||||
Pension asset | 10.2 | 9.7 | |||||||||
Restricted cash (see Note 9, "Asset Retirement and Other Obligations") | 12.7 | 12.8 | |||||||||
Supplies | 10 | 13 | |||||||||
Prepaid Jamaican income taxes | 12.7 | 12.7 | |||||||||
Derivative asset | 0.2 | 0.1 | |||||||||
Other | 12.6 | 12.2 | |||||||||
Total other assets | 93.4 | 96.1 | |||||||||
Schedule of accrued liabilities | ' | ||||||||||
Accrued liabilities consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Compensation and benefits | 21.3 | 17.4 | |||||||||
Workers’ compensation | 5.3 | 5.7 | |||||||||
Other operating expenses | 16.1 | 15.6 | |||||||||
Accrued interest | 11.3 | 2 | |||||||||
Asset retirement obligations (see Note 9, "Asset Retirement and Other Obligations") | 2.2 | 2.4 | |||||||||
Land obligation (see Note 9, "Asset Retirement and Other Obligations") | 4.3 | 4.9 | |||||||||
Reclamation obligation (see Note 9, "Asset Retirement and Other Obligations") | 0.7 | 2.5 | |||||||||
Environmental remediation obligations (see Note 9, "Asset Retirement and Other Obligations") | 1.8 | 2 | |||||||||
Obligations to the Government of Jamaica | 5.6 | 5.3 | |||||||||
Pension and OPEB liabilities (see Note 10, "Pensions and Other Post-Retirement Benefits") | 0.9 | 0.9 | |||||||||
Restricted stock unit ("RSU") liability awards (see Note 13, "Share-Based Payments") | — | 0.1 | |||||||||
Total accrued liabilities | 69.5 | 58.8 | |||||||||
Schedule of other long-term liabilities | ' | ||||||||||
Other long-term liabilities consisted of the following (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Reserve for uncertain tax positions | 0.6 | 0.8 | |||||||||
Workers’ compensation | 15.5 | 15 | |||||||||
Asset retirement obligations (see Note 9, "Asset Retirement and Other Obligations") | 14 | 13.4 | |||||||||
Land obligation (see Note 9, "Asset Retirement and Other Obligations") | 7.9 | 9.2 | |||||||||
Environmental remediation obligations (see Note 9, "Asset Retirement and Other Obligations") | 1.1 | 1.2 | |||||||||
Deferred compensation and other | 11.1 | 12.7 | |||||||||
Total other long-term liabilities | 50.2 | 52.3 | |||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Fair Value Measurements [Abstract] | ' | ||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | ' | ||||||||
The tables below set forth by level the fair value hierarchy of our assets and liabilities that were measured at fair value on a recurring basis (in millions): | |||||||||
September 30, 2013 | |||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||
$ | $ | $ | $ | ||||||
Cash equivalents | 30 | — | — | 30 | |||||
Derivative assets | — | 4.6 | — | 4.6 | |||||
Derivative liabilities | — | (3.6 | ) | (0.9 | ) | (4.5 | ) | ||
Total | 30 | 1 | (0.9 | ) | 30.1 | ||||
December 31, 2012 | |||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||
$ | $ | $ | $ | ||||||
Cash equivalents | 10 | — | — | 10 | |||||
Derivative assets | — | 3.1 | 1.1 | 4.2 | |||||
Derivative liabilities | — | (3.4 | ) | — | (3.4 | ) | |||
RSU liability awards | (0.1 | ) | — | — | (0.1 | ) | |||
Total | 9.9 | (0.3 | ) | 1.1 | 10.7 | ||||
Schedule of derivative financial instruments classified as level 3 [Table Text Block] | ' | ||||||||
Changes in the fair value of the variable-price Midwest Premium contracts classified as Level 3 included in gain on hedging activities, net in the unaudited consolidated statement of operations for the nine months ended September 30, 2013 were as follows: | |||||||||
Nine months ended September 30, 2013 | |||||||||
$ | |||||||||
Fair value, beginning of year | 1.1 | ||||||||
New contracts entered into during the period | 0.8 | ||||||||
Changes in fair value | (1.9 | ) | |||||||
Settlements | (0.9 | ) | |||||||
Fair value, end of year | (0.9 | ) |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Inventory, Net [Abstract] | ' | ||||
Schedule of inventories | ' | ||||
Inventories, net, consisted of the following (in millions): | |||||
September 30, | December 31, 2012 | ||||
2013 | |||||
$ | $ | ||||
Raw materials, at cost | 70.8 | 63.5 | |||
Work-in-process, at cost | 56 | 58.9 | |||
Finished goods, at cost | 19.6 | 29.5 | |||
Total inventories, at cost | 146.4 | 151.9 | |||
LIFO adjustment | 23.1 | 15.7 | |||
LCM reserve | (16.9 | ) | (7.1 | ) | |
Inventories, at lower of cost or market | 152.6 | 160.5 | |||
Supplies | 41.1 | 35.3 | |||
Total inventories, net | 193.7 | 195.8 | |||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment, Net [Abstract] | ' | |||||||
Schedule of property, plant and equipment | ' | |||||||
Property, plant and equipment, net, consisted of the following (in millions): | ||||||||
Estimated useful lives in years | September 30, 2013 | December 31, 2012 | ||||||
$ | $ | |||||||
Land | 51.1 | 50.4 | ||||||
Buildings and improvements | 10 | — | 47 | 161.6 | 151 | |||
Machinery and equipment | 3 | — | 50 | 893.4 | 876.9 | |||
Construction in progress | 48.4 | 48.2 | ||||||
Property, plant and equipment, at cost | 1,154.50 | 1,126.50 | ||||||
Accumulated depreciation | (472.1 | ) | (432.0 | ) | ||||
Total property, plant and equipment, net | 682.4 | 694.5 | ||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Schedule of outstanding debt | ' | ||||||||||||
The carrying values and fair values of our outstanding debt were as follows (in millions): | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
Carrying | Fair | Interest | Carrying | Fair | Interest | ||||||||
value | value | rate | value | value | rate | ||||||||
$ | $ | % | $ | $ | % | ||||||||
AcquisitionCo Notes, net (1) | 173 | 153.7 | 11 | % | 275.3 | 258.8 | 4.52 | % | |||||
Term B Loan, net | 476.1 | 476.1 | 5.75 | % | 320.4 | 320.4 | 5.75 | % | |||||
Revolver | — | — | — | — | |||||||||
Total debt, net | 649.1 | 595.7 | |||||||||||
Less: Current portion | (4.9 | ) | (3.3 | ) | |||||||||
Long-term debt, net | 644.2 | 592.4 | |||||||||||
Asset_Retirement_and_Other_Obl1
Asset Retirement and Other Obligations (Tables) | 9 Months Ended | ||
Sep. 30, 2013 | |||
Asset Retirement and Other Obligations [Abstract] | ' | ||
Schedule of change in reclamation obligations | ' | ||
Our reclamation obligations activity at St. Ann follows (in millions): | |||
Nine months ended September 30, 2013 | |||
$ | |||
Balance, beginning of period | 2.5 | ||
Additional liabilities incurred | 1.7 | ||
Liabilities settled | (3.5 | ) | |
Accretion | — | ||
Balance, end of period | 0.7 | ||
Schedule of change in land obligation | ' | ||
Our St. Ann Land Obligation activity follows (in millions): | |||
Nine months ended September 30, 2013 | |||
$ | |||
Balance, beginning of period | 14.1 | ||
Additional liabilities incurred | 0.1 | ||
Liabilities settled | (0.5 | ) | |
Revisions to the obligation | (1.5 | ) | |
Balance, end of period | 12.2 | ||
Schedule of change in asset retirement obligations | ' | ||
Our asset retirement obligations activity follows (in millions): | |||
Nine months ended September 30, 2013 | |||
$ | |||
Balance, beginning of period | 15.8 | ||
Additional liabilities incurred | 0.6 | ||
Liabilities settled | (1.0 | ) | |
Accretion | 0.8 | ||
Balance, end of period | 16.2 | ||
Pension_and_Other_PostRetireme1
Pension and Other Post-Retirement Benefits (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Pension benefit plans [Member] | ' | ||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||
Net periodic benefit costs related to the pension plans included the following (in millions): | |||||||||
Noranda Pension Plans | St. Ann Pension Plans | ||||||||
Three months ended September 30, | Three months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 3.8 | 3.4 | 0.1 | 0.2 | |||||
Interest cost | 4.5 | 4.5 | 0.4 | 0.4 | |||||
Expected return on plan assets | (5.0 | ) | (4.7 | ) | (0.5 | ) | (0.6 | ) | |
Recognized actuarial loss | 3.3 | 2.8 | — | — | |||||
Amortization of prior service cost | 0.2 | 0.1 | — | — | |||||
Net periodic cost | 6.8 | 6.1 | — | — | |||||
Noranda Pension Plans | St. Ann Pension Plans | ||||||||
Nine months ended September 30, | Nine months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 11.5 | 10 | 0.4 | 0.6 | |||||
Interest cost | 13.5 | 13.4 | 1.2 | 1.2 | |||||
Expected return on plan assets | (15.2 | ) | (14.2 | ) | (1.7 | ) | (1.7 | ) | |
Recognized actuarial loss | 9.7 | 8.3 | — | — | |||||
Amortization of prior service cost | 0.8 | 0.3 | — | — | |||||
Net periodic cost | 20.3 | 17.8 | (0.1 | ) | 0.1 | ||||
Other post-retirement benefit plans [Member] | ' | ||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||
Net periodic benefit costs related to the OPEB plans included the following (in millions): | |||||||||
Noranda OPEB Plans | St. Ann OPEB Plans | ||||||||
Three months ended September 30, | Three months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 0.1 | 0.1 | — | 0.1 | |||||
Interest cost | 0.1 | 0.2 | 0.2 | 0.1 | |||||
Recognized actuarial loss | 0.1 | — | — | — | |||||
Amortization of prior service cost | — | — | (0.1 | ) | — | ||||
Net periodic cost | 0.3 | 0.3 | 0.1 | 0.2 | |||||
Noranda OPEB Plans | St. Ann OPEB Plans | ||||||||
Nine months ended September 30, | Nine months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Service cost | 0.4 | 0.3 | 0.1 | 0.3 | |||||
Interest cost | 0.4 | 0.5 | 0.4 | 0.3 | |||||
Recognized actuarial loss | 0.1 | — | — | — | |||||
Amortization of prior service cost | — | — | (0.1 | ) | — | ||||
Net periodic cost | 0.9 | 0.8 | 0.4 | 0.6 | |||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Derivative [Line Items] | ' | ||||||||||
Schedule of outstanding derivative financial instruments | ' | ||||||||||
The following table presents the carrying values, which were recorded at fair value, of our derivative instruments outstanding (in millions): | |||||||||||
September 30, | December 31, 2012 | ||||||||||
2013 | |||||||||||
$ | $ | ||||||||||
Fixed-price aluminum customer contracts | 4.6 | (0.8 | ) | ||||||||
Variable-price aluminum offset swaps | (3.6 | ) | 0.5 | ||||||||
Variable-price MWP contracts | (0.9 | ) | 1.1 | ||||||||
Total | 0.1 | 0.8 | |||||||||
Schedule of gross components of net derivative balances | ' | ||||||||||
our variable price aluminum offset swaps. Our variable-price MWP contracts are with various other counterparties. With each of the counterparties of our variable price aluminum offset swaps, we have a master netting arrangement which is subject to the same guarantee and security provisions as the senior secured credit facilities. The master netting arrangements do not require us to post additional collateral, or cash margin. We present the fair values of derivatives which are subject to a master netting arrangement in a net position on the unaudited consolidated balance sheets. The following is a presentation of the gross components of our net derivative balances (in millions): | |||||||||||
As of September 30, 2013 | |||||||||||
Counterparty | Gross derivative assets offset | Amount offset | Net derivative assets offset | Derivative assets not offset | Derivative assets, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | 0.2 | (0.2 | ) | — | — | — | |||||
Various counterparties not subject to a master netting arrangement | — | — | — | 4.4 | 4.4 | ||||||
Total current derivative assets | 0.2 | (0.2 | ) | — | 4.4 | 4.4 | |||||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | 0.2 | 0.2 | ||||||
Total long-term derivative assets | — | — | — | 0.2 | 0.2 | ||||||
As of September 30, 2013 | |||||||||||
Counterparty | Gross derivative liabilities offset | Amount offset | Net derivative liabilities offset | Derivative liabilities not offset | Derivative liabilities, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | (3.6 | ) | — | (3.6 | ) | — | (3.6 | ) | |||
Master netting arrangement with counterparty two | (0.2 | ) | 0.2 | — | — | — | |||||
Various counterparties not subject to a master netting arrangement | — | — | — | (0.9 | ) | (0.9 | ) | ||||
Total current derivative liabilities | (3.8 | ) | 0.2 | (3.6 | ) | (0.9 | ) | (4.5 | ) | ||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | — | — | ||||||
Total long-term derivative liabilities | — | — | — | — | — | ||||||
As of December 31, 2012 | |||||||||||
Counterparty | Gross derivative assets offset | Amount offset | Net derivative assets offset | Derivative assets not offset | Derivative assets, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | 2 | (1.5 | ) | 0.5 | — | 0.5 | |||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | 2.1 | 2.1 | ||||||
Total current derivative assets | 2 | (1.5 | ) | 0.5 | 2.1 | 2.6 | |||||
Master netting arrangement with counterparty one | — | — | — | 0.1 | 0.1 | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | — | — | ||||||
Total long-term derivative assets | — | — | — | 0.1 | 0.1 | ||||||
As of December 31, 2012 | |||||||||||
Counterparty | Gross derivative liabilities offset | Amount offset | Net derivative liabilities offset | Derivative liabilities not offset | Derivative liabilities, net | ||||||
$ | $ | $ | $ | $ | |||||||
Master netting arrangement with counterparty one | (1.5 | ) | 1.5 | — | — | — | |||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | (1.8 | ) | (1.8 | ) | ||||
Total current derivative liabilities | (1.5 | ) | 1.5 | — | (1.8 | ) | (1.8 | ) | |||
Master netting arrangement with counterparty one | — | — | — | — | — | ||||||
Master netting arrangement with counterparty two | — | — | — | — | — | ||||||
Various counterparties not subject to a master netting arrangement | — | — | — | (0.1 | ) | (0.1 | ) | ||||
Total long-term derivative liabilities | — | — | — | (0.1 | ) | (0.1 | ) | ||||
Schedule of gains and losses on hedging activities | ' | ||||||||||
The following table presents how our hedging activities affected our unaudited consolidated statements of operations for each period (in millions): | |||||||||||
Derivatives qualified as hedges | Derivatives not | ||||||||||
qualified as hedges | |||||||||||
Amount reclassified from AOCI | Change in fair value | Total (gain) loss on hedging activities | |||||||||
$ | $ | $ | |||||||||
Three months ended September 30, 2013 | |||||||||||
Fixed-price aluminum customer contracts | — | 1.9 | 1.9 | ||||||||
Variable-price aluminum offset swaps and other | — | 0.5 | 0.5 | ||||||||
Total | — | 2.4 | 2.4 | ||||||||
Three months ended September 30, 2012 | |||||||||||
Fixed-price aluminum swaps | (31.7 | ) | — | (31.7 | ) | ||||||
Fixed-price aluminum customer contracts | — | 7.1 | 7.1 | ||||||||
Variable-price aluminum offset swaps and other | — | (6.3 | ) | (6.3 | ) | ||||||
Natural gas swaps | 6.4 | (0.3 | ) | 6.1 | |||||||
Natural gas fixed-price contract | — | (0.6 | ) | (0.6 | ) | ||||||
Total | (25.3 | ) | (0.1 | ) | (25.4 | ) | |||||
Nine months ended September 30, 2013 | |||||||||||
Fixed-price aluminum swaps | (6.4 | ) | — | (6.4 | ) | ||||||
Fixed-price aluminum customer contracts | — | (5.3 | ) | (5.3 | ) | ||||||
Variable-price aluminum offset swaps and other | — | 11.7 | 11.7 | ||||||||
Total | (6.4 | ) | 6.4 | — | |||||||
Nine months ended September 30, 2012 | |||||||||||
Fixed-price aluminum swaps | (83.9 | ) | — | (83.9 | ) | ||||||
Fixed-price aluminum customer contracts | — | 3.9 | 3.9 | ||||||||
Variable-price aluminum offset swaps and other | — | (2.2 | ) | (2.2 | ) | ||||||
Natural gas swaps | 19.6 | 0.9 | 20.5 | ||||||||
Natural gas fixed-price contract | — | (0.8 | ) | (0.8 | ) | ||||||
Total | (64.3 | ) | 1.8 | (62.5 | ) | ||||||
Fixed price aluminum customer contracts [Member] | ' | ||||||||||
Derivative [Line Items] | ' | ||||||||||
Schedule of outstanding derivative financial instruments | ' | ||||||||||
As of September 30, 2013, our outstanding fixed-price aluminum customer contracts were as follows: | |||||||||||
Average price per pound | Pounds | ||||||||||
Year | $ | (in millions) | |||||||||
2013 | 1.04 | 15.7 | |||||||||
2014 | 1 | 51 | |||||||||
2015 | 1.03 | 0.9 | |||||||||
Variable price aluminum offset swaps [Member] | ' | ||||||||||
Derivative [Line Items] | ' | ||||||||||
Schedule of outstanding derivative financial instruments | ' | ||||||||||
As of September 30, 2013, our outstanding variable-price aluminum offset swaps were as follows: | |||||||||||
Average hedged price per pound | Pounds hedged | ||||||||||
Year | $ | (in millions) | |||||||||
2013 | 0.91 | 20.8 | |||||||||
2014 | 0.88 | 55.3 | |||||||||
2015 | 0.92 | 0.9 | |||||||||
Variable MWP Contract [Member] | ' | ||||||||||
Derivative [Line Items] | ' | ||||||||||
Schedule of outstanding derivative financial instruments | ' | ||||||||||
As of September 30, 2013, our outstanding variable-price MWP contracts were as follows were as follows: | |||||||||||
Average hedged price per pound | Pounds hedged | ||||||||||
Year | $ | (in millions) | |||||||||
2013 | 0.11 | 20.5 | |||||||||
2014 | 0.11 | 50.8 | |||||||||
2015 | 0.1 | 0.4 | |||||||||
Shareholders_Equity_Shareholde
Shareholders' Equity Shareholders' Equity Schedule of Dividends Declared (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Shareholders' Equity [Abstract] | ' | ||||
Dividend disclosures [Table Text Block] | ' | ||||
Dividends declared and paid during the nine months ended September 30, 2013 were as follows: | |||||
Declaration date | Per share dividend amount | Date paid | Total cash payment | ||
$/share | $ in millions | ||||
February 20, 2013 | 0.04 | March 27, 2013 | 2.7 | ||
24-Apr-13 | 0.04 | 29-May-13 | 2.7 | ||
24-Jul-13 | 0.04 | 28-Aug-13 | 2.8 | ||
ShareBased_Payments_ShareBased1
Share-Based Payments Share-Based Payments (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||
Schedule of stock compensation expense | ' | ||||||||||||||
We recorded stock compensation expense as follows (in millions): | |||||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
$ | $ | $ | $ | ||||||||||||
Stock options | — | 0.1 | 0.1 | 0.4 | |||||||||||
Restricted stock and restricted stock unit equity awards | 1.3 | 0.8 | 3.3 | 3.3 | |||||||||||
Restricted stock unit liability awards | — | — | — | 0.2 | |||||||||||
Total stock compensation expense | 1.3 | 0.9 | 3.4 | 3.9 | |||||||||||
Schedule of stock option activity | ' | ||||||||||||||
Our stock option activity was as follows: | |||||||||||||||
Employee options and non-employee | Investor director provider options | ||||||||||||||
director options | |||||||||||||||
Common | Weighted-average exercise price | Intrinsic value (in millions)(1) | Common | Weighted-average exercise price | Intrinsic value (in millions) | ||||||||||
shares | shares | ||||||||||||||
$ | $ | $ | $ | ||||||||||||
Outstanding, December 31, 2012 | 1,307,989 | 1.89 | 5.7 | 140,000 | 9 | — | |||||||||
Exercised | (104,640 | ) | 1.6 | 0.2 | — | — | — | ||||||||
Forfeited | (7,000 | ) | 1.14 | — | — | — | — | ||||||||
Outstanding, September 30, 2013 | 1,196,349 | 1.92 | 1 | 140,000 | 9 | — | |||||||||
Fully vested and exercisable, September 30, 2013 (weighted-average remaining contractual term of 4.7 years and 4.1 years, respectively) | 974,578 | 2.1 | 0.7 | 140,000 | 9 | — | |||||||||
Employee And Non Employee Director [Member] | ' | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||
Schedule of Restricted Stock and Restricted Stock Awards Activity | ' | ||||||||||||||
Restricted stock and RSU equity award activity was as follows: | |||||||||||||||
Service-vesting restricted stock and RSUs | Performance-vesting RSUs with grant date | Performance-vesting restricted stock | Performance-vesting restricted stock and RSUs without grant date | ||||||||||||
(with market condition) | |||||||||||||||
with grant date | |||||||||||||||
Awards | Weighted-average grant date fair value | Awards | Weighted-average grant date fair value | Awards | Weighted-average grant date fair value | Awards | |||||||||
# | $ | # | $ | # | $ | # | |||||||||
Non-vested, December 31, 2012 | 747,937 | 12.48 | 294,336 | 5.22 | — | — | 526,327 | ||||||||
Granted | 457,524 | 4.2 | — | — | 188,000 | 2.13 | 512,988 | ||||||||
Dividend equivalent units granted | 27,102 | 3.63 | 9,458 | 3.72 | 4,343 | 3.48 | 28,814 | ||||||||
Vested (aggregate intrinsic value of $1.0 million) | (236,314 | ) | 11.81 | — | — | — | — | — | |||||||
Forfeited | (28,102 | ) | 10.93 | (4,479 | ) | 6.05 | — | — | (8,903 | ) | |||||
Non-vested, September 30, 2013 (aggregate intrinsic value of $6.2 million) | 968,147 | 8.53 | 299,315 | 5.16 | 192,343 | 2.16 | 1,059,226 | ||||||||
Investor Director Provider [Member] | ' | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||
Schedule of Restricted Stock Liability Awards Activity [Table Text Block] | ' | ||||||||||||||
RSU liability award activity was as follows: | |||||||||||||||
RSUs | |||||||||||||||
# | |||||||||||||||
Non-vested, December 31, 2012 | 25,344 | ||||||||||||||
Granted | 20,000 | ||||||||||||||
Dividend equivalent units granted | 652 | ||||||||||||||
Vested | (20,656 | ) | |||||||||||||
Forfeited | (5,069 | ) | |||||||||||||
Non-vested, September 30, 2013 | 20,271 | ||||||||||||||
Net_Income_Per_Common_Share_Ta
Net Income Per Common Share (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block] | ' | ||||||||||||
Basic and diluted net income (loss) per common share ("EPS") were calculated as follows (in millions, except per share): | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Net income (loss) | $ | (18.2 | ) | $ | 3.8 | $ | (29.9 | ) | $ | 45.3 | |||
Weighted-average common shares outstanding: | |||||||||||||
Basic | 68.01 | 67.68 | 67.9 | 67.49 | |||||||||
Effect of dilutive securities | — | 1.44 | — | 1.61 | |||||||||
Diluted | 68.01 | 69.12 | 67.9 | 69.1 | |||||||||
Net income (loss) per common share: | |||||||||||||
Basic | $ | (0.27 | ) | $ | 0.06 | $ | (0.44 | ) | $ | 0.67 | |||
Diluted | $ | (0.27 | ) | $ | 0.05 | $ | (0.44 | ) | $ | 0.66 | |||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | ' | ||||||||||||
Those antidilutive securities were as follows (in millions): | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Antidilutive securities | 2.49 | 0.68 | 1.88 | 0.5 | |||||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Related Party Transactions [Abstract] | ' | ||||||||
Schedule of related party sales transactions [Table textblock] | ' | ||||||||
We sell flat-rolled products to two customers that are affiliated with Apollo. On April 12, 2013 one of those customers, Metals USA Holdings Corp., was acquired by Reliance Steel & Aluminum Co., a public company not affiliated with Apollo. Sales to these companies were as follows (in millions): | |||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
$ | $ | $ | $ | ||||||
Berry Plastics Corporation | 2.2 | 2.5 | 6.5 | 7.1 | |||||
Metals USA Holdings Corp.(1) | — | 3.4 | 4.2 | 9.1 | |||||
Schedule of related party receivables [Table Text Block] | ' | ||||||||
Accounts receivable from these related parties were as follows (in millions): | |||||||||
September 30, | December 31, 2012 | ||||||||
2013 | |||||||||
$ | $ | ||||||||
Berry Plastics Corporation | 0.6 | 0.4 | |||||||
Metals USA Holdings Corp. (1) | — | 1 | |||||||
NonControlling_Interest_Tables
Non-Controlling Interest (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Noncontrolling Interest Items [Abstract] | ' | ||||||||||||
Schedule of Balance Sheet Components Related to NonControlling Interest | ' | ||||||||||||
We consolidate NJBP into our consolidated financial statements as follows (in millions): | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
NJBP | Impact of Eliminations | Impact on | NJBP | Impact of Eliminations | Impact on | ||||||||
balances | consolidated | balances | consolidated | ||||||||||
statements | statements | ||||||||||||
$ | $ | $ | $ | $ | $ | ||||||||
Cash and cash equivalents | 0.2 | — | 0.2 | 1.7 | — | 1.7 | |||||||
Accounts receivable, net | 14.6 | (14.6 | ) | — | 15.4 | (15.4 | ) | — | |||||
Inventories, net (consisting of maintenance supplies, inventory and fuel) | 19 | — | 19 | 12.6 | — | 12.6 | |||||||
Other current assets | 2.6 | — | 2.6 | 1.6 | — | 1.6 | |||||||
Property, plant and equipment, net | 41.9 | — | 41.9 | 40.1 | — | 40.1 | |||||||
Other assets | 5 | — | 5 | 5 | — | 5 | |||||||
Accounts payable | (67.1 | ) | 55.5 | (11.6 | ) | (58.3 | ) | 49.2 | (9.1 | ) | |||
Accrued liabilities | (3.6 | ) | — | (3.6 | ) | (3.8 | ) | — | (3.8 | ) | |||
Environmental, land and reclamation liabilities | (0.7 | ) | — | (0.7 | ) | (2.4 | ) | — | (2.4 | ) | |||
Non-controlling interest | (6.0 | ) | — | (6.0 | ) | (6.0 | ) | — | (6.0 | ) | |||
St. Ann’s net investment and advances to NJBP | 5.9 | 40.9 | 46.8 | 5.9 | 33.8 | 39.7 | |||||||
Segments_Narrative_Details
Segments (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
segments | |
Segment Reporting, Measurement Disclosures [Abstract] | ' |
Number of Operating Segments | 5 |
Segments_Schedule_of_Segment_P
Segments (Schedule of Segment Profit Reconciliation) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | $1,358 | ' | $1,358 | ' | $1,357.70 |
Revenue, Total | 339.9 | 336.8 | 1,030.30 | 1,062 | ' |
Payments to Acquire Property, Plant, and Equipment | 16.2 | 17.9 | 55.7 | 59.8 | ' |
Segment profit (loss) | 11 | 10.1 | 72.3 | 103.8 | ' |
Depreciation and amortization | -24.3 | -23.6 | -70.9 | -70.2 | ' |
Last in, first out and lower of cost or market inventory adjustments | 1.1 | 10 | -1.1 | 14.3 | ' |
Gain (Loss) on Sale of Property Plant Equipment | 1.6 | 1.2 | 2.2 | -1.4 | ' |
Non-cash pension, accretion and stock compensation | -5.1 | -4 | -14.7 | -13.1 | ' |
Relocation and severance | -0.8 | -0.1 | -1.9 | -0.5 | ' |
Consulting fees | ' | -0.2 | -0.4 | -0.7 | ' |
Cash settlements on hedging transactions | 2.9 | 2.5 | 6.6 | 7 | ' |
Other, net | -0.3 | -4.3 | -0.3 | -4.2 | ' |
Operating income (loss) | -17.1 | -10.8 | -12.6 | 37.8 | ' |
Interest Expense | 12.6 | 8.9 | 34.9 | 24.2 | ' |
(Gain) loss on hedging activities, net | 2.4 | -25.4 | 0 | -62.5 | ' |
Interest and Debt Expense | 0 | 0 | 2.5 | 8.1 | ' |
Total other income, net | 15 | -16.5 | 37.4 | -30.2 | ' |
Income (loss) before income taxes | -32.1 | 5.7 | -50 | 68 | ' |
Bauxite [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | 149.8 | ' | 149.8 | ' | 154.3 |
Revenue, Total | 30.9 | 33.6 | 96.5 | 99.1 | ' |
Payments to Acquire Property, Plant, and Equipment | 1.5 | 2.6 | 8.7 | 6.6 | ' |
Alumina [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | 230.6 | ' | 230.6 | ' | 238 |
Revenue, Total | 85.2 | 80.6 | 258.4 | 268.3 | ' |
Payments to Acquire Property, Plant, and Equipment | 4.2 | 4.6 | 13.1 | 12.8 | ' |
Primary Aluminum [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | 526.3 | ' | 526.3 | ' | 534.2 |
Revenue, Total | 153 | 147.2 | 470.8 | 471.3 | ' |
Payments to Acquire Property, Plant, and Equipment | 7.5 | 7.1 | 23.2 | 27.8 | ' |
Flat-Rolled Products [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | 353.8 | ' | 353.8 | ' | 374.2 |
Revenue, Total | 145.9 | 145.5 | 445 | 449.5 | ' |
Payments to Acquire Property, Plant, and Equipment | 2.5 | 2.7 | 8.7 | 10.4 | ' |
Corporate [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | 116.8 | ' | 116.8 | ' | 84 |
Revenue, Total | 0 | 0 | 0 | 0 | ' |
Payments to Acquire Property, Plant, and Equipment | 0.5 | 0.9 | 2 | 2.2 | ' |
Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Assets | -19.3 | ' | -19.3 | ' | -27 |
Revenue, Total | -75.1 | -70.1 | -240.4 | -226.2 | ' |
Payments to Acquire Property, Plant, and Equipment | 0 | 0 | 0 | 0 | ' |
External customers [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 339.9 | 336.8 | 1,030.30 | 1,062 | ' |
External customers [Member] | Bauxite [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 11.1 | 13.6 | 33.8 | 37.3 | ' |
External customers [Member] | Alumina [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 49.5 | 48.6 | 142.9 | 162.1 | ' |
External customers [Member] | Primary Aluminum [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 133.4 | 129.1 | 408.6 | 413.1 | ' |
External customers [Member] | Flat-Rolled Products [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 145.9 | 145.5 | 445 | 449.5 | ' |
External customers [Member] | Corporate [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 0 | 0 | 0 | 0 | ' |
External customers [Member] | Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 0 | 0 | 0 | 0 | ' |
Internal customers [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 0 | 0 | 0 | 0 | ' |
Internal customers [Member] | Bauxite [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 19.8 | 20 | 62.7 | 61.8 | ' |
Internal customers [Member] | Alumina [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 35.7 | 32 | 115.5 | 106.2 | ' |
Internal customers [Member] | Primary Aluminum [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 19.6 | 18.1 | 62.2 | 58.2 | ' |
Internal customers [Member] | Flat-Rolled Products [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 0 | 0 | 0 | 0 | ' |
Internal customers [Member] | Corporate [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | 0 | 0 | 0 | 0 | ' |
Internal customers [Member] | Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' |
Revenue, Total | ($75.10) | ($70.10) | ($240.40) | ($226.20) | ' |
Segments_Schedule_of_Segment_A
Segments (Schedule of Segment Assets) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 2 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 07, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | Segment Reconciling Items [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | External customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | Internal customers [Member] | ||||||
Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Bauxite [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Alumina [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Primary Aluminum [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Flat-Rolled Products [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Corporate [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | ||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $339.90 | $336.80 | $1,030.30 | $1,062 | ' | $30.90 | $33.60 | $96.50 | $99.10 | ' | $85.20 | $80.60 | $258.40 | $268.30 | ' | $153 | $147.20 | $470.80 | $471.30 | ' | $145.90 | $145.50 | $445 | $449.50 | ' | $0 | $0 | $0 | $0 | ' | ($75.10) | ($70.10) | ($240.40) | ($226.20) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $339.90 | $336.80 | $1,030.30 | $1,062 | $11.10 | $13.60 | $33.80 | $37.30 | $49.50 | $48.60 | $142.90 | $162.10 | $133.40 | $129.10 | $408.60 | $413.10 | $145.90 | $145.50 | $445 | $449.50 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.80 | $20 | $62.70 | $61.80 | $35.70 | $32 | $115.50 | $106.20 | $19.60 | $18.10 | $62.20 | $58.20 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($75.10) | ($70.10) | ($240.40) | ($226.20) |
Payments to Acquire Property, Plant, and Equipment | 16.2 | 17.9 | 55.7 | 59.8 | ' | 1.5 | 2.6 | 8.7 | 6.6 | ' | 4.2 | 4.6 | 13.1 | 12.8 | ' | 7.5 | 7.1 | 23.2 | 27.8 | ' | 2.5 | 2.7 | 8.7 | 10.4 | ' | 0.5 | 0.9 | 2 | 2.2 | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment profit (loss) | 11 | 10.1 | 72.3 | 103.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.3 | 0.3 | 7.2 | 3.9 | 3.9 | 1.8 | 10.8 | 29.2 | ' | -1.1 | 3.1 | 37 | 51.9 | 13.6 | 12 | 41.6 | 41.1 | -7.5 | -7.3 | -24.3 | -22.3 | -0.2 | 0.2 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | -24.3 | -23.6 | -70.9 | -70.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2.9 | -2.1 | -7.9 | -6.3 | -6 | -5.8 | -16.6 | -16.3 | ' | -10.2 | -11 | -31.4 | -32.9 | -5.1 | -4.4 | -14.4 | -13.7 | -0.1 | -0.3 | -0.6 | -1 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Last in, first out and lower of cost or market inventory adjustments | -1.1 | -10 | 1.1 | -14.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | -2.3 | -3 | -2.7 | -7.4 | 1.1 | -6.8 | 3.4 | -7.2 | 0 | 0 | 0 | 0 | 0.1 | -0.2 | 0.4 | 0.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash settlements on hedging transactions | -2.9 | -2.5 | -6.6 | -7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | -0.6 | -0.2 | -1.3 | -0.7 | -2.3 | -2.3 | -5.3 | -6.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Sale of Property Plant Equipment | 1.6 | 1.2 | 2.2 | -1.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.1 | -0.2 | 0.1 | -0.2 | 0 | 0 | -0.5 | 0 | ' | 0 | 1.4 | -0.1 | 3 | 1.5 | 0 | 2.7 | -4.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash pension, accretion and stock compensation | 5.1 | 4 | 14.7 | 13.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -0.1 | 0.1 | 0.2 | 0.2 | 0.7 | 0.6 | ' | 1.8 | 1.4 | 5.3 | 4.1 | 1.5 | 1.3 | 4.4 | 3.7 | 1.6 | 1.1 | 4.4 | 4.6 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 1,358 | ' | 1,358 | ' | 1,357.70 | 149.8 | ' | 149.8 | ' | 154.3 | 230.6 | ' | 230.6 | ' | 238 | 526.3 | ' | 526.3 | ' | 534.2 | 353.8 | ' | 353.8 | ' | 374.2 | 116.8 | ' | 116.8 | ' | 84 | -19.3 | ' | -19.3 | ' | -27 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other, net | 0.3 | 4.3 | 0.3 | 4.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.1 | 0 | 0 | 0 | 0.1 | 0 | 0.3 | 0.4 | -3.5 | 0 | 3.6 | 0 | 3.5 | -0.1 | 0.1 | 'Â Â | 0 | 0.5 | 0 | 0.4 | 0.2 | -0.1 | 0.6 | -0.4 | 0.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income (Loss) | -17.1 | -10.8 | -12.6 | 37.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.6 | -1.6 | -0.7 | -2.3 | -2.4 | -4.2 | -6.5 | 11.9 | ' | -10.1 | -11 | 4.1 | 16.4 | 6.8 | 15.2 | 21.9 | 41.2 | -10.6 | -9 | -31.4 | -29 | -0.2 | -0.2 | 0 | -0.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consulting fees | ' | 0.2 | 0.4 | 0.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | 0 | ' | 0 | 0 | 0 | ' | 0.2 | 0.4 | 0.7 | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Relocation and severance | 0.8 | 0.1 | 1.9 | 0.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | ' | -0.1 | -0.1 | 0.3 | 0.1 | 0 | 0.1 | 0.1 | 0.2 | 0.9 | 0.1 | 1.3 | 0.2 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Expense | 12.6 | 8.9 | 34.9 | 24.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(Gain) loss on hedging activities, net | 2.4 | -25.4 | 0 | -62.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest and Debt Expense | 0 | 0 | 2.5 | 8.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonoperating Income (Expense) | -15 | 16.5 | -37.4 | 30.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | ($32.10) | $5.70 | ($50) | $68 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Supplemental_Financial_Stateme2
Supplemental Financial Statement Information (Schedule of Depreciation and Amortization) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Supplemental Financial Statement Information [Abstract] | ' | ' | ' | ' |
Depreciation | $22.20 | $20.90 | $63.50 | $62 |
Amortization of intangible assets | 1.4 | 1.5 | 4.4 | 4.5 |
Amortization of other long-term assets | 0.7 | 1.2 | 3 | 3.7 |
Total depreciation and amortization | $24.30 | $23.60 | $70.90 | $70.20 |
Supplemental_Financial_Stateme3
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Cash Flow Data and Cash Flow Data Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of supplemental cash flow disclosures [Line Items] | ' | ' | ' | ' |
Interest Paid | ' | ' | $24.60 | $19.90 |
Capital expenditures incurred but not paid | ' | ' | 2.2 | 8.3 |
Capitalized interest on capital projects | ' | ' | 1.2 | 0.8 |
Gain (Loss) on Sale of Property Plant Equipment | 1.6 | 1.2 | 2.2 | -1.4 |
Domestic [Member] | ' | ' | ' | ' |
Schedule of supplemental cash flow disclosures [Line Items] | ' | ' | ' | ' |
Income taxes paid (received), net | ' | ' | $6.10 | $32.50 |
Supplemental_Financial_Stateme4
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of AOCI) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Schedule of accumulated other comprehensive income (loss) [Line Items] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | ' | ' | ($105.70) | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 0 | 0.1 | 0 | 3.5 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | -103.4 | ' | -103.4 | ' | ' |
Income tax expense | -13.9 | 1.9 | -20.1 | 22.7 | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax | 0 | -16.1 | -4.4 | -40.9 | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | 3.5 | 2.9 | 10.4 | 8.6 | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | 0 | -25.3 | -6.4 | -64.3 | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' | ' |
Schedule of accumulated other comprehensive income (loss) [Line Items] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | ' | ' | -105.7 | -42.4 | -42.4 |
Other Comprehensive Income Loss Before Reclassification Net Of Tax | ' | ' | ' | ' | -16.9 |
Other Comprehensive Income Loss Reclassification Adjustments Included In Net Income Net Of Tax | ' | ' | 2.3 | ' | -46.4 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | -103.4 | ' | -103.4 | ' | -105.7 |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' | ' |
Schedule of accumulated other comprehensive income (loss) [Line Items] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), before Tax1, Beginning of Period | ' | ' | -176.2 | -163.8 | -163.8 |
Accumulated Other Comprehensive Income (Loss) Tax, Beginning of Period | ' | ' | 66.1 | 61.2 | 61.2 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments and Tax | ' | ' | ' | ' | -24.3 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, before Reclassification Adjustments, Tax | ' | ' | ' | ' | 9.6 |
Accumulated Other Comprehensive Income (Loss), before Tax1, End of Period | -165.8 | ' | -165.8 | ' | -176.2 |
Accumulated Other Comprehensive Income (Loss) Tax, End of Period | 62.4 | ' | 62.4 | ' | 66.1 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | ' | ' | 10.4 | ' | 11.9 |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax | -1.3 | -1.1 | -3.7 | -3.2 | -4.7 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' | ' |
Schedule of accumulated other comprehensive income (loss) [Line Items] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), before Tax1, Beginning of Period | ' | ' | 6.4 | 94.1 | 94.1 |
Accumulated Other Comprehensive Income (Loss) Tax, Beginning of Period | ' | ' | -2 | -33.9 | -33.9 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | ' | ' | ' | ' | -3.5 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | ' | ' | ' | ' | 1.3 |
Accumulated Other Comprehensive Income (Loss), before Tax1, End of Period | 0 | ' | 0 | ' | 6.4 |
Accumulated Other Comprehensive Income (Loss) Tax, End of Period | 0 | ' | 0 | ' | -2 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | ' | ' | 6.4 | ' | 84.2 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax | 0 | 9.2 | 2 | 23.4 | 30.6 |
Cost of Sales [Member] | ' | ' | ' | ' | ' |
Schedule of accumulated other comprehensive income (loss) [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | 2.7 | 2.3 | 8.1 | 6.7 | ' |
Selling, General and Administrative Expenses [Member] | ' | ' | ' | ' | ' |
Schedule of accumulated other comprehensive income (loss) [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | $0.80 | $0.60 | $2.30 | $1.90 | ' |
Supplemental_Financial_Stateme5
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Amounts Recognized in other comprehensive income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Schedule of Amounts Recognized in Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | $3.50 | $2.90 | $10.40 | $8.60 | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax | 2.2 | 1.8 | 6.7 | 5.4 | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | 0 | 25.3 | 6.4 | 64.3 | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | -25.3 | -6.4 | -64.3 | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax | 0 | -16.1 | -4.4 | -40.9 | ' |
Selling, General and Administrative Expenses [Member] | ' | ' | ' | ' | ' |
Schedule of Amounts Recognized in Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ' |
Defined Benefit Plan, Amortization of Gains (Losses) | 0.7 | 0.6 | 2.1 | 1.8 | ' |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0.1 | 0 | 0.2 | 0.1 | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | 0.8 | 0.6 | 2.3 | 1.9 | ' |
Cost of Sales [Member] | ' | ' | ' | ' | ' |
Schedule of Amounts Recognized in Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ' |
Defined Benefit Plan, Amortization of Gains (Losses) | 2.5 | 2.2 | 7.5 | 6.5 | ' |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0.2 | 0.1 | 0.6 | 0.2 | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | 2.7 | 2.3 | 8.1 | 6.7 | ' |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' | ' |
Schedule of Amounts Recognized in Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax | ' | ' | 10.4 | ' | 11.9 |
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Tax | -1.3 | -1.1 | -3.7 | -3.2 | -4.7 |
Gain (Loss) on Derivatives [Member] | ' | ' | ' | ' | ' |
Schedule of Amounts Recognized in Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | ' | ' | -6.4 | ' | -84.2 |
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax | $0 | $9.20 | $2 | $23.40 | $30.60 |
Supplemental_Financial_Stateme6
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Cash) (Details) (USD $) | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
Supplemental Financial Statement Information [Abstract] | ' | ' | ' | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' | ' | ' |
Cash | $33.90 | ' | $26.10 | ' | ' |
Money market funds | 30 | ' | 10 | ' | ' |
Total cash and cash equivalents | $63.90 | $36.10 | $36.10 | $33.90 | $42.70 |
Supplemental_Financial_Stateme7
Supplemental Financial Statement Information (Schedule of Accounts Receivable) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Supplemental Financial Statement Information [Abstract] | ' | ' |
Document Period End Date | 30-Sep-13 | ' |
Trade | $105.90 | $106.80 |
Allowance for doubtful accounts | -0.2 | -0.2 |
Total accounts receivable, net | $105.70 | $106.60 |
Supplemental_Financial_Stateme8
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Other Current Assets) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Supplemental Financial Statement Information [Abstract] | ' | ' |
Document Period End Date | 30-Sep-13 | ' |
Current foreign deferred tax assets | $2.60 | $2.60 |
Employee loans receivable, net | 2.1 | 2 |
Current derivative assets, net | 4.4 | 2.6 |
Other miscellaneous current assets | 5.6 | 11.7 |
Total other current assets | $14.70 | $18.90 |
Supplemental_Financial_Stateme9
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Other Assets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Supplemental Financial Statement Information [Abstract] | ' | ' |
Deferred financing costs, net of amortization | $8.20 | $9.30 |
Cash surrender value of life insurance | 26.8 | 26.3 |
Pension asset | 10.2 | 9.7 |
Restricted cash | 12.7 | 12.8 |
Supplies, noncurrent | 10 | 13 |
Prepaid income taxes | 12.7 | 12.7 |
Derivative Assets, Noncurrent | 0.2 | 0.1 |
Other miscellaneous noncurrent assets | 12.6 | 12.2 |
Total other assets | $93.40 | $96.10 |
Recovered_Sheet1
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Accrued Liabilities) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Supplemental Financial Statement Information [Abstract] | ' | ' |
Document Period End Date | 30-Sep-13 | ' |
Compensation and benefits | $21.30 | $17.40 |
Workers' compensation, current | 5.3 | 5.7 |
Accrued other operating expenses, current | 16.1 | 15.6 |
Accrued interest | 11.3 | 2 |
Asset retirement obligations, current | 2.2 | 2.4 |
Land obligation, current | 4.3 | 4.9 |
Reclamation obligation, current | 0.7 | 2.5 |
Environmental remediation obligation, current | 1.8 | 2 |
Obligations to the Government | 5.6 | 5.3 |
Pension and other post-retirement liabilities, current | 0.9 | 0.9 |
Restricted stock unit liability awards, current | 0 | 0.1 |
Total accrued liabilities | $69.50 | $58.80 |
Recovered_Sheet2
Supplemental Financial Statement Information Supplemental Financial Statement Information (Schedule of Other Long-Term Liabilities) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Supplemental Financial Statement Information [Abstract] | ' | ' |
Document Period End Date | 30-Sep-13 | ' |
Reserve for uncertain tax positions | $0.60 | $0.80 |
Workers compensation, noncurrent | 15.5 | 15 |
Asset retirement obligations, noncurrent | 14 | 13.4 |
Land obligation, noncurrent | 7.9 | 9.2 |
Environmental remediation obligation, noncurrent | 1.1 | 1.2 |
Deferred compensation and other | 11.1 | 12.7 |
Total other long-term liabilities | $50.20 | $52.30 |
Fair_Value_Measurements_Schedu
Fair Value Measurements (Schedule of Assets and Liabilities Measured on Recurring Basis) (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative, Fair Value, Net | $100,000 | $800,000 |
Money market funds | 30,000,000 | 10,000,000 |
Derivative Assets, Fair Value | 4,600,000 | 4,200,000 |
Derivative Liabilities, Fair Value | -4,500,000 | -3,400,000 |
Restricted Stock Unit Liabilities, Fair Value | 0 | -100,000 |
Total Fair Value of Net Assets and Liabilities Measured on a Recurring Basis | 30,100,000 | 10,700,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 30,000,000 | 10,000,000 |
Derivative Assets, Fair Value | 0 | 0 |
Derivative Liabilities, Fair Value | 0 | 0 |
Restricted Stock Unit Liabilities, Fair Value | ' | -100,000 |
Total Fair Value of Net Assets and Liabilities Measured on a Recurring Basis | 30,000,000 | 9,900,000 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 0 | 0 |
Derivative Assets, Fair Value | 4,600,000 | 3,100,000 |
Derivative Liabilities, Fair Value | -3,600,000 | -3,400,000 |
Restricted Stock Unit Liabilities, Fair Value | ' | 0 |
Total Fair Value of Net Assets and Liabilities Measured on a Recurring Basis | 1,000,000 | -300,000 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 0 | 0 |
Derivative Assets, Fair Value | 0 | 1,100,000 |
Derivative Liabilities, Fair Value | -900,000 | 0 |
Restricted Stock Unit Liabilities, Fair Value | ' | 0 |
Total Fair Value of Net Assets and Liabilities Measured on a Recurring Basis | -900,000 | 1,100,000 |
Midwest premium contracts [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative, Fair Value, Net | -900,000 | 1,100,000 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | 800,000 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Return on Assets | -1,900,000 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | ($900,000) | ' |
Inventories_Narrative_Details
Inventories (Narrative) (Details) (Bauxite and Alumina [Member]) | Sep. 30, 2013 | Dec. 31, 2012 |
Bauxite and Alumina [Member] | ' | ' |
Inventories disclosure [Line Items] | ' | ' |
Percentage of weighted-average cost inventory | 28.00% | 25.00% |
Inventories_Schedule_of_Invent
Inventories (Schedule of Inventories) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Inventory, Net [Abstract] | ' | ' |
Raw materials, at cost | $70.80 | $63.50 |
Work-in-process, at cost | 56 | 58.9 |
Finished goods, at cost | 19.6 | 29.5 |
Total product inventories, at cost | 146.4 | 151.9 |
LIFO adjustment | 23.1 | 15.7 |
Lower of cost or market (LCM) reserve | -16.9 | -7.1 |
Product inventories, at lower of cost or market | 152.6 | 160.5 |
Supplies, current | 41.1 | 35.3 |
Total inventories, net | $193.70 | $195.80 |
Property_Plant_and_Equipment_S
Property Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Land [Member] | Land [Member] | Building and Building Improvements [Member] | Building and Building Improvements [Member] | Machinery and Equipment [Member] | Machinery and Equipment [Member] | Construction in Progress [Member] | Construction in Progress [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | ||
Building and Building Improvements [Member] | Machinery and Equipment [Member] | Building and Building Improvements [Member] | Machinery and Equipment [Member] | |||||||||||
Statement [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment, at cost | $1,154.50 | $1,126.50 | $51.10 | $50.40 | $161.60 | $151 | $893.40 | $876.90 | $48.40 | $48.20 | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'P10Y | 'P3Y | 'P47Y | 'P50Y |
Accumulated depreciation | -472.1 | -432 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment, net | $682.40 | $694.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
USD ($) | USD ($) | EUR (€) | Power contract [Member] | |
employees | labor_union_contracts | USD ($) | ||
labor_union_contracts | MW | |||
Labor commitments abstract [Abstract] | ' | ' | ' | ' |
Number of labor union agreements | ' | 7 | 7 | ' |
Number of compounds identified as criteria pollutants | ' | 6 | 6 | ' |
Power contract [Abstract] | ' | ' | ' | ' |
Minimum purchase commitment, quantity | ' | ' | ' | 5 |
Minimum purchase commitment, amount | ' | ' | ' | $3.30 |
Other Commitment | ' | 45 | ' | ' |
Purchase Obligation | ' | ' | 11.5 | ' |
Restructuring and Related Cost, Number of Positions Eliminated | 58 | ' | ' | ' |
Restructuring and Related Cost, Expected Cost | $1.20 | ' | ' | ' |
LongTerm_Debt_Schedule_of_Outs
Long-Term Debt (Schedule of Outstanding Debt) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Noranda AcquisitionCo [Abstract] | ' | ' |
Long-term debt, carrying value | $649.10 | $595.70 |
Current portion of long-term debt | -4.9 | -3.3 |
Long-term debt, net | 644.2 | 592.4 |
Senior Notes [Member] | ' | ' |
Noranda AcquisitionCo [Abstract] | ' | ' |
Long-term debt, period end interest rate | 0.00% | ' |
Term B loan due 2014 [Member] | Term Loan, Net [Member] | ' | ' |
Noranda AcquisitionCo [Abstract] | ' | ' |
Long-term debt, carrying value | 476.1 | 320.4 |
Senior Floating Rate Notes Due 2015 AcquisitionCo Notes [Member] | Senior Notes [Member] | ' | ' |
Noranda AcquisitionCo [Abstract] | ' | ' |
Long-term debt, carrying value | 173 | 275.3 |
Long-term debt, fair value | 153.7 | 258.8 |
Long-term debt, period end interest rate | 11.00% | 4.52% |
Senior Secured Credit Facility 2012 Term B Loan [Member] | Term Loan, Net [Member] | ' | ' |
Noranda AcquisitionCo [Abstract] | ' | ' |
Long-term debt, fair value | 476.1 | 320.4 |
Long-term debt, period end interest rate | 5.75% | 5.75% |
Asset-Backed Revolving Credit Facility [Member] | Line of Credit [Member] | ' | ' |
Noranda AcquisitionCo [Abstract] | ' | ' |
Long-term debt, carrying value | 0 | 0 |
Long-term debt, fair value | $0 | $0 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Proceeds from Issuance of Private Placement | $175 | ' | ' | ' | ' |
Interest and Debt Expense | 0 | 0 | 2.5 | 8.1 | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 50 | ' | 50 | ' | ' |
Repayments of long-term debt | ' | ' | 278.8 | 154.8 | ' |
Long-term Debt | 649.1 | ' | 649.1 | ' | 595.7 |
Document Period End Date | ' | ' | 30-Sep-13 | ' | ' |
Senior Secured Credit Facilities, 2012 Refinancing [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Interest and Debt Expense | ' | -5.7 | ' | ' | ' |
Senior Secured Credit Facility 2012 Term B Loan [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Debt Instrument, Debt Agreement, Incremental Borrowing Amount Option One | 110 | ' | 110 | ' | ' |
Debt Instrument, Face Amount | 50 | ' | 50 | ' | ' |
Senior Notes [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Term loan, unamortized discount | 2 | ' | 2 | ' | ' |
Senior Secured Credit Facilities, 2007 Refinancing, and AcquisitionCo Notes [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Interest and Debt Expense | ' | -2.4 | ' | ' | ' |
Term Loan, Net [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Repayments of long-term debt | ' | ' | 1.2 | ' | ' |
Minimum [Member] | Senior Secured Credit Facility 2012 Term B Loan [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Debt Instrument, Debt Agreement, Incremental Borrowing Leverage Ratio, Option Two | 100.00% | ' | 100.00% | ' | ' |
Maximum [Member] | Senior Secured Credit Facility 2012 Term B Loan [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Debt Instrument, Debt Agreement, Incremental Borrowing Leverage Ratio, Option Two | 225.00% | ' | 225.00% | ' | ' |
Term Loan, Net [Member] | Senior Secured Credit Facility 2012 Term B Loan [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Debt, Weighted Average Interest Rate | 5.75% | ' | 5.75% | ' | 5.75% |
Term loan, unamortized discount | 3 | ' | 3 | ' | 2.2 |
Term Loan, Net [Member] | Term B loan due 2014 [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Long-term Debt | 476.1 | ' | 476.1 | ' | 320.4 |
Line of Credit [Member] | Asset-Backed Revolving Credit Facility [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Long-term Debt | 0 | ' | 0 | ' | 0 |
Line of Credit Facility, Amount Outstanding | 0 | ' | 0 | ' | ' |
Letters of Credit Outstanding, Amount | 34.6 | ' | 34.6 | ' | 31.1 |
Line of Credit Facility Minimum Fixed Charge Coverage Ratio | 100.00% | ' | 100.00% | ' | ' |
Line of Credit Facility Maximum Borrowing Capacity Subject to Borrowing Base Calculation | 120 | ' | 120 | ' | ' |
Debt Instrument, Face Amount | 15 | ' | 15 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 1.50% | ' | 1.50% | ' | ' |
Senior Notes [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Debt, Weighted Average Interest Rate | 0.00% | ' | 0.00% | ' | ' |
Senior Notes [Member] | Senior Floating Rate Notes Due 2015 AcquisitionCo Notes [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Debt, Weighted Average Interest Rate | 11.00% | ' | 11.00% | ' | 4.52% |
Long-term Debt | 173 | ' | 173 | ' | 275.3 |
Minimum [Member] | Line of Credit [Member] | Asset-Backed Revolving Credit Facility [Member] | ' | ' | ' | ' | ' |
Debt disclosure [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility Maximum Borrowing Capacity Subject to Borrowing Base Calculation | $20 | ' | $20 | ' | ' |
Asset_Retirement_and_Other_Obl2
Asset Retirement and Other Obligations (Reclamation Obligation) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Asset Retirement and Other Obligations [Abstract] | ' |
Reclamation obligation, beginning balance | $2.50 |
Additional liabilities incurred | 1.7 |
Liabilities settled | -3.5 |
Accretion | 0 |
Reclamation obligation, ending balance | $0.70 |
Asset_Retirement_and_Other_Obl3
Asset Retirement and Other Obligations (Land Obligation) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Asset Retirement and Other Obligations [Abstract] | ' |
Land obligation, beginning of period | $14.10 |
Land Obligation, Liabilities Incurred | 0.1 |
Land Obligation, Liabilities Settled | -0.5 |
Revisions to obligation, land obligation | -1.5 |
Land obligation, end of period | $12.20 |
Asset_Retirement_and_Other_Obl4
Asset Retirement and Other Obligations (Asset Retirement Obligations) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Asset retirement obligations [Line Items] | ' | ' |
Accrued Environmental Loss Contingencies, Current | $1.80 | $2 |
Balance, beginning of period | 15.8 | ' |
Additional liabilities incurred | 0.6 | ' |
Liabilities settled | -1 | ' |
Accretion | 0.8 | ' |
Balance, end of period | 16.2 | ' |
Restricted Cash and Cash Equivalents, Noncurrent | 12.7 | 12.8 |
Environmental remediation obligation, noncurrent | 1.1 | 1.2 |
Environmental Restoration Costs [Member] | Alumina [Member] | ' | ' |
Asset retirement obligations [Line Items] | ' | ' |
Restricted Cash and Cash Equivalents, Noncurrent | $9.20 | $9.20 |
Asset_Retirement_and_Other_Obl5
Asset Retirement and Other Obligations Asset Retirement and Other Obligations (Environmental Remediation Obligations) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Environmental Remediation Obligations [Abstract] | ' | ' |
Environmental remediation obligation, noncurrent | $1.10 | $1.20 |
Environmental remediation obligation, current | $1.80 | $2 |
Pension_and_Other_PostRetireme2
Pension and Other Post-Retirement Benefits Pension and Other Post-Retirement Benefit Plans (Schedule of Net Periodic Benefit Costs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Noranda Pension [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $3.80 | $3.40 | $11.50 | $10 |
Interest cost | 4.5 | 4.5 | 13.5 | 13.4 |
Expected return on plan assets | -5 | -4.7 | -15.2 | -14.2 |
Recognized actuarial loss | 3.3 | 2.8 | 9.7 | 8.3 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -0.2 | -0.1 | -0.8 | -0.3 |
Net periodic cost (benefit) | 6.8 | 6.1 | 20.3 | 17.8 |
St. Ann Pension [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 0.1 | 0.2 | 0.4 | 0.6 |
Interest cost | 0.4 | 0.4 | 1.2 | 1.2 |
Expected return on plan assets | -0.5 | -0.6 | -1.7 | -1.7 |
Recognized actuarial loss | 0 | 0 | 0 | 0 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | 0 | 0 |
Net periodic cost (benefit) | 0 | 0 | -0.1 | 0.1 |
Noranda Other Post Retirement [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 0.1 | 0.1 | 0.4 | 0.3 |
Interest cost | 0.1 | 0.2 | 0.4 | 0.5 |
Recognized actuarial loss | 0.1 | 0 | ' | ' |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | 0 | 0 |
Defined Benefit Plan, Actuarial Gain (Loss) | ' | ' | 0.1 | 0 |
Net periodic cost (benefit) | 0.3 | 0.3 | 0.9 | 0.8 |
St Ann Other Post Retirement [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 0 | 0.1 | 0.1 | 0.3 |
Interest cost | 0.2 | 0.1 | 0.4 | 0.3 |
Recognized actuarial loss | 0 | 0 | ' | ' |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0.1 | 0 | 0.1 | 0 |
Defined Benefit Plan, Actuarial Gain (Loss) | ' | ' | 0 | 0 |
Net periodic cost (benefit) | $0.10 | $0.20 | $0.40 | $0.60 |
Pension_and_Other_PostRetireme3
Pension and Other Post-Retirement Benefit Plans (Employer Contributions) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year | ' | $3.10 |
Noranda Pension [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Contributions by Employer | 11 | ' |
St. Ann Pension [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Contributions by Employer | 0.4 | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year | ' | $0.20 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Schedule and Narrative of Outstanding Derivative Instruments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | $0 | ($25,300,000) | ($6,400,000) | ($64,300,000) | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | -25,300,000 | -6,400,000 | -64,300,000 | ' |
Derivative, Counterparty | '2 | ' | ' | ' | ' |
Derivative, Swap Type | 100,000 | ' | 100,000 | ' | 800,000 |
Fixed price aluminum swaps [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | -31,700,000 | -6,400,000 | -83,900,000 | ' |
Derivative, Swap Type | 0 | ' | 0 | ' | ' |
Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | ' | 0 | ' |
Derivative, Swap Type | 4,600,000 | ' | 4,600,000 | ' | -800,000 |
Variable price aluminum offset swaps [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | 0 | 0 | ' |
Derivative, Swap Type | -3,600,000 | ' | -3,600,000 | ' | 500,000 |
Natural gas swaps [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | 6,400,000 | 0 | 19,600,000 | ' |
Derivative, Swap Type | 0 | ' | 0 | ' | ' |
Fixed-Price Natural Gas Contract [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | 0 | ' | 0 | ' |
Derivative, Swap Type | $0 | ' | $0 | ' | ' |
Year Two Thousand and Thirteen [Member] | Variable MWP Contract [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 0.11 | ' | ' | ' | ' |
Amount hedged | 20,500,000 | ' | 20,500,000 | ' | ' |
Year Two Thousand and Thirteen [Member] | Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 1.04 | ' | ' | ' | ' |
Amount hedged | 15,700,000 | ' | 15,700,000 | ' | ' |
Year Two Thousand and Thirteen [Member] | Variable price aluminum offset swaps [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 0.91 | ' | ' | ' | ' |
Amount hedged | 20,800,000 | ' | 20,800,000 | ' | ' |
year, two thousand fourteen [Member] | Variable MWP Contract [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 0.11 | ' | ' | ' | ' |
Amount hedged | 50,800,000 | ' | 50,800,000 | ' | ' |
year, two thousand fourteen [Member] | Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 1 | ' | ' | ' | ' |
Amount hedged | 51,000,000 | ' | 51,000,000 | ' | ' |
year, two thousand fourteen [Member] | Variable price aluminum offset swaps [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 0.88 | ' | ' | ' | ' |
Amount hedged | 55,300,000 | ' | 55,300,000 | ' | ' |
year, two thousand and fifteen [Member] | Variable MWP Contract [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 0.1 | ' | ' | ' | ' |
year, two thousand and fifteen [Member] | Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 1.03 | ' | ' | ' | ' |
year, two thousand and fifteen [Member] | Variable price aluminum offset swaps [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Underlying, Derivative | 0.92 | ' | ' | ' | ' |
Amount hedged | 900,000 | ' | 900,000 | ' | ' |
year, two thousand and fifteen [Domain] | Variable MWP Contract [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Amount hedged | 400,000 | ' | 400,000 | ' | ' |
year, two thousand and fifteen [Domain] | Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Amount hedged | 900,000 | ' | 900,000 | ' | ' |
Derivative_Financial_Instrumen3
Derivative Financial Instruments Derivative Financial Instruments (Schedule of Carrying Values at Fair Value) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $0 | ($25,300,000) | ($6,400,000) | ($64,300,000) | ' |
Derivative, Fair Value, Net | 100,000 | ' | 100,000 | ' | 800,000 |
Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | ' | 0 | ' |
Derivative, Fair Value, Net | 4,600,000 | ' | 4,600,000 | ' | -800,000 |
Variable price aluminum offset swaps [Member] | ' | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | 0 | 0 | ' |
Derivative, Fair Value, Net | -3,600,000 | ' | -3,600,000 | ' | 500,000 |
Natural gas swaps [Member] | ' | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | 6,400,000 | 0 | 19,600,000 | ' |
Derivative, Fair Value, Net | 0 | ' | 0 | ' | ' |
Fixed-Price Natural Gas Contract [Member] | ' | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | 0 | ' | 0 | ' |
Derivative, Fair Value, Net | 0 | ' | 0 | ' | ' |
Fixed price aluminum swaps [Member] | ' | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | -31,700,000 | -6,400,000 | -83,900,000 | ' |
Derivative, Fair Value, Net | $0 | ' | $0 | ' | ' |
Derivative_Financial_Instrumen4
Derivative Financial Instruments (Schedule of Gross Components of Net Derivative Balances) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | $4.40 | $2.60 |
Derivative Liabilities, Current | -4.5 | -1.8 |
Long-term derivative liabilities, net | 0 | -0.1 |
Derivative Assets, Noncurrent | 0.2 | 0.1 |
Other Contract [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | 4.4 | 2.1 |
Derivative Liabilities, Current | -0.9 | -1.8 |
Long-term derivative liabilities, net | 0 | -0.1 |
Derivative Assets, Noncurrent | 0.2 | 0.1 |
Other Contract [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liabilities, Current | 0 | ' |
Long-term derivative liabilities, net | 0 | ' |
Long-term derivative liabilities, gross | ' | 0 |
Long-term derivative assets, gross | ' | 0 |
Derivative Assets, Noncurrent | ' | 0 |
Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | -3.8 | -1.5 |
Derivative Assets, Current | 0 | 0.5 |
Current derivative assets, gross | 0.2 | 2 |
Derivative Liabilities, Current | -3.6 | 0 |
Long-term derivative liabilities, net | 0 | ' |
Long-term derivative liabilities, gross | 0 | 0 |
Long-term derivative assets, gross | 0 | 0 |
Derivative Assets, Noncurrent | 0 | 0 |
Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | -0.2 | -1.5 |
Long-term derivative liabilities, net | ' | 0 |
Derivative Assets, Noncurrent | ' | 0 |
counterparty_one [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | 0 | 0.5 |
Derivative Liabilities, Current | -3.6 | 0 |
Derivative Assets, Noncurrent | 0 | 0.1 |
counterparty_one [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Long-term derivative liabilities, net | 0 | ' |
counterparty_one [Member] | Other Contract [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | 0 | 0 |
Derivative Liabilities, Current | 0 | 0 |
Long-term derivative liabilities, net | 0 | ' |
Derivative Assets, Noncurrent | 0 | 0.1 |
counterparty_one [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | -3.6 | -1.5 |
Derivative Assets, Current | 0 | 0.5 |
Current derivative assets, gross | 0 | 2 |
Long-term derivative liabilities, net | 0 | 0 |
Long-term derivative liabilities, gross | 0 | 0 |
Long-term derivative assets, gross | 0 | 0 |
Derivative Assets, Noncurrent | 0 | 0 |
counterparty_one [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | 0 | ' |
Derivative Liabilities, Current | -3.6 | 0 |
Long-term derivative liabilities, net | ' | 0 |
Long-term derivative assets, gross | ' | 0 |
Counterparty_two [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | 0 | ' |
Derivative Liabilities, Current | 0 | 0 |
Long-term derivative liabilities, net | ' | 0 |
Derivative Assets, Noncurrent | 0 | 0 |
Counterparty_two [Member] | Other Contract [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | 0 | 0 |
Derivative Liabilities, Current | 0 | 0 |
Long-term derivative liabilities, net | 0 | 0 |
Long-term derivative liabilities, gross | ' | 0 |
Long-term derivative assets, gross | ' | 0 |
Derivative Assets, Noncurrent | 0 | 0 |
Counterparty_two [Member] | Other Contract [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Long-term derivative liabilities, net | ' | 0 |
Counterparty_two [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | -0.2 | ' |
Derivative Assets, Current | 0 | ' |
Current derivative assets, gross | 0.2 | ' |
Long-term derivative liabilities, net | 0 | ' |
Long-term derivative liabilities, gross | 0 | ' |
Long-term derivative assets, gross | 0 | ' |
Derivative Assets, Noncurrent | 0 | ' |
Counterparty_two [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | -0.2 | ' |
Derivative Liabilities, Current | 0 | ' |
other counterparty [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | ' | 0 |
Derivative Assets, Current | 4.4 | 2.1 |
Derivative Liabilities, Current | -0.9 | -1.8 |
Long-term derivative liabilities, net | ' | -0.1 |
Derivative Assets, Noncurrent | 0.2 | 0 |
other counterparty [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets, Current | ' | 0 |
other counterparty [Member] | Other Contract [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | ' | 0 |
Derivative Assets, Current | 4.4 | 2.1 |
Derivative Liabilities, Current | -0.9 | -1.8 |
Long-term derivative liabilities, net | ' | -0.1 |
Derivative Assets, Noncurrent | 0.2 | 0 |
other counterparty [Member] | Other Contract [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liabilities, Current | ' | 0 |
other counterparty [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | 0 | 0 |
Derivative Assets, Current | 0 | 0 |
Current derivative assets, gross | 0 | 0 |
Long-term derivative liabilities, net | 0 | 0 |
Long-term derivative liabilities, gross | 0 | 0 |
Long-term derivative assets, gross | 0 | 0 |
Derivative Assets, Noncurrent | 0 | ' |
other counterparty [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | derivatives, net [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Current derivative liabilities, gross | 0 | ' |
Derivative Assets, Current | ' | 0 |
Derivative Liabilities, Current | ' | $0 |
Derivative_Financial_Instrumen5
Derivative Financial Instruments Derivative Financial Instruments (Schedule of Net Amount of Unrealized Gains (Losses) on Cash Flow Hedges Reported AOCI) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
(Gain) loss on hedging activities, net | $2.40 | ($25.40) | $0 | ($62.50) |
Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
(Gain) loss on hedging activities, net | 1.9 | 7.1 | ' | 3.9 |
Natural gas swaps [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
(Gain) loss on hedging activities, net | ' | $6.10 | $11.70 | $20.50 |
Derivative_Financial_Instrumen6
Derivative Financial Instruments Derivative Financial Instruments (Schedule of Gains and Losses on Hedging Activities) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Assets, Current | $4.40 | ' | $4.40 | ' | $2.60 |
Derivative Liabilities, Current | 4.5 | ' | 4.5 | ' | 1.8 |
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | ' | ' | 2 | ' | ' |
Payments to Acquire Property, Plant, and Equipment | 16.2 | 17.9 | 55.7 | 59.8 | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | -25.3 | -6.4 | -64.3 | ' |
Derivatives not qualified as hedging instruments, change in fair value | 2.4 | -0.1 | 6.4 | 1.8 | ' |
Total gain or loss on hedging activities | 2.4 | -25.4 | 0 | -62.5 | ' |
Derivative Liabilities, Noncurrent | 0 | ' | 0 | ' | 0.1 |
Fixed price aluminum customer contracts [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | ' | 0 | ' |
Derivatives not qualified as hedging instruments, change in fair value | 1.9 | 7.1 | ' | 3.9 | ' |
Total gain or loss on hedging activities | 1.9 | 7.1 | ' | 3.9 | ' |
Fixed price aluminum swaps [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | -31.7 | -6.4 | -83.9 | ' |
Derivatives not qualified as hedging instruments, change in fair value | ' | 0 | 0 | 0 | ' |
Total gain or loss on hedging activities | ' | -31.7 | -6.4 | -83.9 | ' |
Variable price aluminum offset swaps [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | 0 | 0 | ' |
Derivatives not qualified as hedging instruments, change in fair value | 0.5 | -6.3 | -5.3 | -2.2 | ' |
Total gain or loss on hedging activities | 0.5 | -6.3 | -5.3 | -2.2 | ' |
Natural gas swaps [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | 6.4 | 0 | 19.6 | ' |
Derivatives not qualified as hedging instruments, change in fair value | ' | -0.3 | 11.7 | 0.9 | ' |
Total gain or loss on hedging activities | ' | 6.1 | 11.7 | 20.5 | ' |
Fixed-Price Natural Gas Contract [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | 0 | ' | 0 | ' |
Derivatives not qualified as hedging instruments, change in fair value | ' | -0.6 | ' | -0.8 | ' |
Total gain or loss on hedging activities | ' | -0.6 | ' | -0.8 | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Liabilities, Current | 4.5 | ' | 4.5 | ' | 1.8 |
Payments to Acquire Property, Plant, and Equipment | ' | ' | 47 | 53.2 | ' |
Total gain or loss on hedging activities | 2.4 | -25.4 | ' | -62.5 | ' |
Derivative Liabilities, Noncurrent | ' | ' | ' | ' | 0.1 |
Other Contract [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Assets, Current | 4.4 | ' | 4.4 | ' | 2.1 |
Derivative Liabilities, Current | 0.9 | ' | 0.9 | ' | 1.8 |
Derivative Liabilities, Noncurrent | 0 | ' | 0 | ' | 0.1 |
Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Current derivative liabilities, gross | 3.8 | ' | 3.8 | ' | 1.5 |
Derivative Assets, Current | 0 | ' | 0 | ' | 0.5 |
Current derivative assets, gross | 0.2 | ' | 0.2 | ' | 2 |
Derivative Liabilities, Current | 3.6 | ' | 3.6 | ' | 0 |
Long-term derivative liabilities, gross | 0 | ' | 0 | ' | 0 |
Long-term derivative assets, gross | 0 | ' | 0 | ' | 0 |
Derivative Liabilities, Noncurrent | 0 | ' | 0 | ' | ' |
derivatives, net [Member] | Other Contract [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Derivative Liabilities, Current | 0 | ' | 0 | ' | ' |
Long-term derivative liabilities, gross | ' | ' | ' | ' | 0 |
Long-term derivative assets, gross | ' | ' | ' | ' | 0 |
Derivative Liabilities, Noncurrent | 0 | ' | 0 | ' | ' |
derivatives, net [Member] | Fair Value, Concentration of Credit Risk, Master Netting Arrangements [Member] | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' |
Current derivative liabilities, gross | 0.2 | ' | 0.2 | ' | 1.5 |
Derivative Liabilities, Noncurrent | ' | ' | ' | ' | $0 |
Derivative_Financial_Instrumen7
Derivative Financial Instruments Derivative Financial Instruments (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
(Gain) loss on hedging activities, net | $2.40 | ($25.40) | $0 | ($62.50) |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | -25.3 | -6.4 | -64.3 |
Fixed price aluminum swaps [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
(Gain) loss on hedging activities, net | ' | -31.7 | -6.4 | -83.9 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | ($31.70) | ($6.40) | ($83.90) |
Shareholders_Equity_Shareholde1
Shareholders' Equity Shareholders' Equity (Dividends) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Dividends Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | $0.01 | $0.04 | ' | ' | $0.04 | $0.12 | $1.37 |
Payments of Dividends | ' | $2.80 | $2.70 | $2.70 | ' | $8.20 | $92.20 |
Common Stock, Dividends, Per Share, Cash Paid | ' | ' | ' | ' | ' | $0.12 | ' |
Regular Quarterly Dividend [Member] | ' | ' | ' | ' | ' | ' | ' |
Dividends Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Cash Paid | ' | $0.04 | $0.04 | $0.04 | ' | ' | ' |
Shareholders_Equity_Shareholde2
Shareholders' Equity Shareholders' Equity (Subsequent Events) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Mar. 03, 2008 |
M | |||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | $0.01 | $0.04 | $0.04 | $0.12 | $1.37 | ' | ' |
Dividends Payable | $0.70 | ' | ' | ' | ' | ' | ' |
Minimum employment period to receive benefits following change in control | ' | ' | ' | ' | ' | ' | 12 |
Common stock subject to redemption | ' | $0 | ' | $0 | ' | $2 | $2 |
Shareholders_Equity_Shareholde3
Shareholders' Equity Shareholders Equity (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Mar. 03, 2008 |
In Millions, except Share data, unless otherwise specified | |||
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' | ' | ' |
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Net of Dividends | ' | ' | $7 |
Common stock, shares subject to redemption | 0 | 200,000 | 200,000 |
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Per Share Value, Amount | ' | ' | $10 |
Common stock subject to redemption | 0 | 2 | 2 |
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount | ' | ' | 7.5 |
Common Stock [Member] | ' | ' | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' | ' | ' |
Common stock subject to redemption | $2 | ' | ' |
ShareBased_Payments_Schedule_o
Share-Based Payments (Schedule of Stock Compensation Expense) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Restricted Stock and Restricted Stock Units Equity Awards [Member] | Restricted Stock and Restricted Stock Units Equity Awards [Member] | Restricted Stock and Restricted Stock Units Equity Awards [Member] | Restricted Stock and Restricted Stock Units Equity Awards [Member] | Restricted Stock Units Liability Awards [Member] | Restricted Stock Units Liability Awards [Member] | Restricted Stock Units Liability Awards [Member] | Restricted Stock Units Liability Awards [Member] | Employee And Non Employee Director [Member] | Employee And Non Employee Director [Member] | Investor Director Provider [Member] | Investor Director Provider [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 104,640 | ' | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,196,349 | 1,307,989 | 140,000 | 140,000 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.60 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | ' | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,000 | ' | 0 | ' |
Estimated forfeiture rate | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 4.1 | ' | 4.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.14 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.92 | $1.89 | $9 | $9 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.7 | 5.7 | 0 | 0 |
Share-based compensation expense | 1.3 | 0.9 | 3.4 | 3.9 | 0 | 0.1 | 0.1 | 0.4 | 1.3 | 0.8 | 3.3 | 3.3 | 0 | 0 | 0 | 0.2 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | $0 | ' |
ShareBased_Payments_Narrative_
Share-Based Payments (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Supplemental Dividend [Member] | Regular Quarterly Dividend [Member] | Regular Quarterly Dividend [Member] | Regular Quarterly Dividend [Member] | Share-Based Award Holders [Member] | Share-Based Award Holders [Member] | Share-Based Award Holders [Member] | Service Vesting Awards [Member] | Service Vesting Awards [Member] | Employee And Non Employee Director [Member] | Employee And Non Employee Director [Member] | Employee And Non Employee Director [Member] | Employee And Non Employee Director [Member] | Employee And Non Employee Director [Member] | Investor Director Provider [Member] | Investor Director Provider [Member] | ||||||
Supplemental Dividend [Member] | Supplemental Dividend [Member] | Supplemental Dividend [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Performance Vesting Awards Target [Member] | Performance Vesting Awards Target [Member] | Service Vesting Awards [Member] | ||||||||||||||
Restricted Stock Units (RSUs) [Member] | Performance Shares [Member] | Restricted Stock Units (RSUs) [Member] | |||||||||||||||||||
Share-based compensation disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.92 | $1.89 | ' | ' | ' | $9 | $9 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $512,988 | $4.20 | ' | ' |
Estimated forfeiture rate | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'P3Y | ' | ' | ' | ' | ' | ' | ' |
Percentage to vest on first anniversary of grant date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage to vest on second anniversary of grant date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage to vest on third anniversary of grant date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Cash Paid | ' | ' | $0.12 | ' | ' | ' | $0.04 | $0.04 | $0.04 | $1.25 | $0 | $1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based compensation expense | $1.30 | $0.90 | $3.40 | $3.90 | ' | $1.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized stock compensation expense related to non-vested share-based awards | 4.1 | ' | 4.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average period when unrecognized stock compensation expense will be recognized | ' | ' | '1 year 3 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock unit liability awards, current | $0 | ' | $0 | ' | $0.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ShareBased_Payments_Schedule_o1
Share-Based Payments (Schedule of Stock Option Activity) (Details) (USD $) | 9 Months Ended | |
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Estimated forfeiture rate | 0.00% | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '1 year 3 months | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $0 | ' |
Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Options outstanding, beginning of period | 1,307,989 | ' |
Weighted average exercise price, outstanding, beginning of period | $1.89 | ' |
Common shares, exercised | -104,640 | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $1.60 | ' |
Exercised, intrinsic value | $0.20 | ' |
Options outstanding, end of period | 1,196,349 | ' |
Weighted average exercise price, outstanding, end of period | $1.92 | ' |
Options outstanding, intrinsic value, end of period | 1 | ' |
Common shares, currently exercisable | 974,578 | ' |
Weighted average exercise price, currently exerciseable | $2.10 | ' |
Common shares exerciseable, intrinsic value | 0.7 | 5.7 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | -7,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $1.14 | ' |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 0 | ' |
Investor Director Provider [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Options outstanding, beginning of period | 140,000 | ' |
Weighted average exercise price, outstanding, beginning of period | $9 | ' |
Common shares, exercised | 0 | ' |
Exercised, intrinsic value | 0 | ' |
Options outstanding, end of period | 140,000 | ' |
Weighted average exercise price, outstanding, end of period | $9 | ' |
Options outstanding, intrinsic value, end of period | 0 | ' |
Common shares, currently exercisable | 140,000 | ' |
Weighted average exercise price, currently exerciseable | $9 | ' |
Common shares exerciseable, intrinsic value | $0 | $0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | 0 | ' |
Restricted Stock Units (RSUs) [Member] | Service Vesting Awards [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 28,102 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $10.93 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 236,314 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $11.81 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Dividend Equivalent Units Granted | 27,102 | ' |
Dividend equivalent units granted during period, weighted average grant date fair value | $3.63 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 968,147 | 747,937 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $8.53 | $12.48 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $4.20 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 457,524 | ' |
Restricted Stock Units (RSUs) [Member] | Performance Vesting Awards Target [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 4,479 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $6.05 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Dividend Equivalent Units Granted | 9,458 | ' |
Dividend equivalent units granted during period, weighted average grant date fair value | $3.72 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 299,315 | 294,336 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $5.16 | $5.22 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | ' |
Performance Shares [Member] | Performance Vesting Awards Target [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | -8,903 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Dividend Equivalent Units Granted | 28,814 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 1,059,226 | 526,327 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $512,988 | ' |
ShareBased_Payments_Schedules_
Share-Based Payments (Schedules of Restricted Stock and RSU Equity and Liability Award Activity) (Details) (USD $) | 9 Months Ended | |
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Restricted stock unit liability awards, current | $0 | $0.10 |
Estimated forfeiture rate | 0.00% | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $0 | ' |
Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $1.60 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | 0.7 | 5.7 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 104,640 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 1 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 1,196,349 | 1,307,989 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $1.92 | $1.89 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | 0.2 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | 7,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number | 974,578 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price | $2.10 | ' |
Investor Director Provider [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | 0 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 140,000 | 140,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $9 | $9 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number | 140,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price | $9 | ' |
Restricted Stock and Restricted Stock Units Equity Awards [Member] | Service Vesting Awards [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 457,524 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $4.20 | ' |
RSUs, nonvested, beginning of period | 747,937 | ' |
RSUs, weighted average grant date fair value, beginning of period | $12.48 | ' |
Dividend equivalent units granted | 27,102 | ' |
Dividend equivalent units granted during period, weighted average grant date fair value | $3.63 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | -236,314 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $11.81 | ' |
RSUs forfeited during period | -28,102 | ' |
RSUs forfeited during period, weighted average forfeiture fair value | $10.93 | ' |
RSUs, nonvested, end of period | 968,147 | ' |
RSUs, weighted average grant date fair value, end of period | $8.53 | ' |
Restricted Stock and Restricted Stock Units Equity Awards [Member] | Performance Vesting Awards Target [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $0 | ' |
RSUs, nonvested, beginning of period | 294,336 | ' |
RSUs, weighted average grant date fair value, beginning of period | $5.22 | ' |
Dividend equivalent units granted | 9,458 | ' |
Dividend equivalent units granted during period, weighted average grant date fair value | $3.72 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $0 | ' |
RSUs forfeited during period | -4,479 | ' |
RSUs forfeited during period, weighted average forfeiture fair value | $6.05 | ' |
RSUs, nonvested, end of period | 299,315 | ' |
RSUs, weighted average grant date fair value, end of period | $5.16 | ' |
Restricted Stock and Restricted Stock Units Equity Awards [Member] | Performance Vesting Awards Target with Market Condition [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 188,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $2.13 | ' |
RSUs, nonvested, beginning of period | 0 | ' |
RSUs, weighted average grant date fair value, beginning of period | $0 | ' |
Dividend equivalent units granted | 4,343 | ' |
Dividend equivalent units granted during period, weighted average grant date fair value | $3.48 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $0 | ' |
RSUs forfeited during period | 0 | ' |
RSUs forfeited during period, weighted average forfeiture fair value | $0 | ' |
RSUs, nonvested, end of period | 192,343 | ' |
RSUs, weighted average grant date fair value, end of period | $2.16 | ' |
Performance Shares, no grant date [Member] | Performance Vesting Awards Target [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $512,988 | ' |
RSUs, nonvested, beginning of period | 526,327 | ' |
Dividend equivalent units granted | 28,814 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | ' |
RSUs forfeited during period | 8,903 | ' |
RSUs, nonvested, end of period | 1,059,226 | ' |
Restricted Stock Units Liability Awards [Member] | Service Vesting Awards [Member] | Investor Director Provider [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 20,000 | ' |
RSUs, nonvested, beginning of period | 25,344 | ' |
Dividend equivalent units granted | 652 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | -20,656 | ' |
RSUs forfeited during period | -5,069 | ' |
RSUs, nonvested, end of period | 20,271 | ' |
ShareBased_Payments_ShareBased2
Share-Based Payments Share-Based Payments (Parenthetical) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2013 |
Stock Options [Member] | Employee And Non Employee Director [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | '4 years 8 months | ' |
Stock Options [Member] | Investor Director Provider [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | '4 years 1 month | ' |
Restricted Stock and Restricted Stock Units Equity and Liability Awards [Member] | Service Vesting Awards [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Percentage to vest on first anniversary of grant date | 25.00% | ' |
Percentage to vest on second anniversary of grant date | 25.00% | ' |
Percentage to vest on third anniversary of grant date | ' | 50.00% |
Restricted Stock and Restricted Stock Units Equity Awards [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Aggregate Intrinsic Value | 1 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Aggregate Intrinsic Value | 6.2 | ' |
Restricted Stock and Restricted Stock Units Equity Awards [Member] | Service Vesting Awards [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' |
Net_Income_Per_Common_Share_Sc
Net Income Per Common Share (Schedule of Calculation of Net Income Per Common Share) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' |
Net income (loss) | ($18.20) | $3.80 | ($29.90) | $45.30 | $49.50 |
Weighted-average common shares outstanding: | ' | ' | ' | ' | ' |
Basic weighted-average common shares outstanding | 68.01 | 67.68 | 67.9 | 67.49 | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 0 | 1.44 | 0 | 1.61 | ' |
Diluted weighted-average common shares outstanding | 68.01 | 69.12 | 67.9 | 69.1 | ' |
Net income per common share: | ' | ' | ' | ' | ' |
Basic net income per common share | ($0.27) | $0.06 | ($0.44) | $0.67 | ' |
Diluted net income per common share | ($0.27) | $0.05 | ($0.44) | $0.66 | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Antidilutive securities | 2.49 | 0.68 | 1.88 | 0.5 | ' |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, Percent | 43.30% | 33.30% | 40.20% | 33.40% |
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | $3.70 | ' | ' | ' |
Related_Party_Transactions_Rel
Related Party Transactions Related Party Transactions (Schedules of Related Parties Activities) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Related party, Berry Plastics Corporation, an affiliate of Apollo [Member] | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' |
Sales to related party | $2.20 | $2.50 | $6.50 | $7.10 | ' |
Due from affiliates | 0.6 | ' | 0.6 | ' | 0.4 |
Related party, Metals USA Holdings Corp, an affiliate of Apollo [Member] | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' |
Sales to related party | 0 | 3.4 | 4.2 | 9.1 | ' |
Due from affiliates | 0 | ' | 0 | ' | 1 |
Related party, Apollo Global Securities, LLC, an affiliate of Apollo [Member] | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' |
Fees paid to related party | ' | ' | $0.70 | ' | ' |
NonControlling_Interest_NonCon
Non-Controlling Interest Non-Controlling Interest (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2013 | |
Bauxite [Member] | ' |
Noncontrolling Interest [Line Items] | ' |
Percentage of product sold by a noncontrolling interest affiilate to the Company | 52.00% |
Parent Of Subsidiary [Member] | ' |
Noncontrolling Interest [Line Items] | ' |
Noncontrolling Interest, Ownership Percentage by Parent | 51.00% |
Subsidiary [Member] | ' |
Noncontrolling Interest [Line Items] | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 49.00% |
NonControlling_Interest_Schedu
Non-Controlling Interest (Schedule of Balance Sheet Components Related to Non-Controlling Interest) (Details) (USD $) | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | |||||
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Cash and cash equivalents | $63.90 | $36.10 | $36.10 | $33.90 | $42.70 |
Accounts receivable, net | 105.7 | ' | 106.6 | ' | ' |
Inventories, net | 193.7 | ' | 195.8 | ' | ' |
Other current assets | 14.7 | ' | 18.9 | ' | ' |
Property, plant and equipment, net | 682.4 | ' | 694.5 | ' | ' |
Other assets | 93.4 | ' | 96.1 | ' | ' |
Accounts payable | -98 | ' | -107.2 | ' | ' |
Accrued liabilities | -69.5 | ' | -58.8 | ' | ' |
Non-controlling interest | -6 | ' | -6 | ' | ' |
Subsidiary balances [Member] | ' | ' | ' | ' | ' |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0.2 | ' | 1.7 | ' | ' |
Accounts receivable, net | 14.6 | ' | 15.4 | ' | ' |
Inventories, net | 19 | ' | 12.6 | ' | ' |
Other current assets | 2.6 | ' | 1.6 | ' | ' |
Property, plant and equipment, net | 41.9 | ' | 40.1 | ' | ' |
Other assets | 5 | ' | 5 | ' | ' |
Accounts payable | -67.1 | ' | -58.3 | ' | ' |
Accrued liabilities | -3.6 | ' | -3.8 | ' | ' |
Environmental, land and reclamation liabilities | -0.7 | ' | -2.4 | ' | ' |
Non-controlling interest | -6 | ' | -6 | ' | ' |
Total net investment and advances to subsidiary | 5.9 | ' | 5.9 | ' | ' |
Impact of eliminations [Member] | ' | ' | ' | ' | ' |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | ' | 0 | ' | ' |
Accounts receivable, net | -14.6 | ' | -15.4 | ' | ' |
Inventories, net | 0 | ' | 0 | ' | ' |
Other current assets | 0 | ' | 0 | ' | ' |
Property, plant and equipment, net | 0 | ' | 0 | ' | ' |
Other assets | 0 | ' | 0 | ' | ' |
Accounts payable | 55.5 | ' | 49.2 | ' | ' |
Accrued liabilities | 0 | ' | 0 | ' | ' |
Environmental, land and reclamation liabilities | 0 | ' | 0 | ' | ' |
Non-controlling interest | 0 | ' | 0 | ' | ' |
Total net investment and advances to subsidiary | 40.9 | ' | 33.8 | ' | ' |
Impact on consolidated balances [Member] | ' | ' | ' | ' | ' |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0.2 | ' | 1.7 | ' | ' |
Accounts receivable, net | 0 | ' | 0 | ' | ' |
Inventories, net | 19 | ' | 12.6 | ' | ' |
Other current assets | 2.6 | ' | 1.6 | ' | ' |
Property, plant and equipment, net | 41.9 | ' | 40.1 | ' | ' |
Other assets | 5 | ' | 5 | ' | ' |
Accounts payable | -11.6 | ' | -9.1 | ' | ' |
Accrued liabilities | -3.6 | ' | -3.8 | ' | ' |
Environmental, land and reclamation liabilities | -0.7 | ' | -2.4 | ' | ' |
Non-controlling interest | -6 | ' | -6 | ' | ' |
Total net investment and advances to subsidiary | $46.80 | ' | $39.70 | ' | ' |
Subsidiary_Issuer_of_Guarantee1
Subsidiary Issuer of Guaranteed Notes (Consolidating Balance Sheets) (Details) (USD $) | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Mar. 03, 2008 |
In Millions, unless otherwise specified | ||||||
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $63.90 | $36.10 | $36.10 | $33.90 | $42.70 | ' |
Accounts receivable, net [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable, net | 105.7 | ' | 106.6 | ' | ' | ' |
Accounts receivable, affiliates | 0 | ' | 0 | ' | ' | ' |
Inventories, net | 193.7 | ' | 195.8 | ' | ' | ' |
Income Taxes Receivable, Current | 4.4 | ' | 2 | ' | ' | ' |
Prepaid expenses | 5.5 | ' | 8.9 | ' | ' | ' |
Other current assets | 14.7 | ' | 18.9 | ' | ' | ' |
Total current assets | 387.9 | ' | 368.3 | ' | ' | ' |
Investments in affiliates | 0 | ' | 0 | ' | ' | ' |
Advances due from affiliates, noncurrent | 0 | ' | 0 | ' | ' | ' |
Property, plant and equipment, net | 682.4 | ' | 694.5 | ' | ' | ' |
Goodwill | 137.6 | ' | 137.6 | ' | ' | ' |
Other intangible assets, net | 56.7 | ' | 61.2 | ' | ' | ' |
Other assets | 93.4 | ' | 96.1 | ' | ' | ' |
Assets | 1,358 | ' | 1,357.70 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Trade accounts payable | 98 | ' | 107.2 | ' | ' | ' |
Accounts payable, affiliates | 0 | ' | 0 | ' | ' | ' |
Accrued liabilities | 69.5 | ' | 58.8 | ' | ' | ' |
Derivative Liabilities, Current | 4.5 | ' | 1.8 | ' | ' | ' |
Current deferred tax liabilities, net | 10.1 | ' | 16.8 | ' | ' | ' |
Current portion of long-term debt | 4.9 | ' | 3.3 | ' | ' | ' |
Total current liabilities | 187 | ' | 187.9 | ' | ' | ' |
Long-term debt, net | 644.2 | ' | 592.4 | ' | ' | ' |
Long-term derivative liabilities, net | 0 | ' | 0.1 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 186.3 | ' | 187.2 | ' | ' | ' |
Other long-term liabilities | 50.2 | ' | 52.3 | ' | ' | ' |
Advances due to affiliates, noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-term deferred tax liabilities | 168.8 | ' | 183.5 | ' | ' | ' |
Common stock subject to redemption | 0 | ' | 2 | ' | ' | 2 |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock | 0 | ' | 0 | ' | ' | ' |
Common stock | 0.7 | ' | 0.7 | ' | ' | ' |
Capital in excess of par value | 238.4 | ' | 233.4 | ' | ' | ' |
Retained earnings (accumulated deficit) | -20.2 | ' | 17.9 | ' | ' | ' |
Accumulated other comprehensive income (loss) | -103.4 | ' | -105.7 | ' | ' | ' |
Total shareholders' equity | 115.5 | ' | 146.3 | ' | ' | ' |
Noncontrolling interest | 6 | ' | 6 | ' | ' | ' |
Total equity | 121.5 | ' | 152.3 | ' | 259.6 | ' |
Total liabilities and equity | 1,358 | ' | 1,357.70 | ' | ' | ' |
Parent guarantor [Member] | ' | ' | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0.4 | 0.5 | 0.5 | 0.8 | 3.3 | ' |
Accounts receivable, net [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable, net | 0 | ' | 0 | ' | ' | ' |
Accounts receivable, affiliates | 19.7 | ' | 19.4 | ' | ' | ' |
Inventories, net | 0 | ' | 0 | ' | ' | ' |
Income Taxes Receivable, Current | 3.6 | ' | 1.7 | ' | ' | ' |
Prepaid expenses | 0.2 | ' | 0.2 | ' | ' | ' |
Other current assets | -0.1 | ' | 0 | ' | ' | ' |
Total current assets | 23.8 | ' | 21.8 | ' | ' | ' |
Investments in affiliates | 316 | ' | 347 | ' | ' | ' |
Advances due from affiliates, noncurrent | 0 | ' | 0 | ' | ' | ' |
Property, plant and equipment, net | 0 | ' | 0 | ' | ' | ' |
Goodwill | 0 | ' | 0 | ' | ' | ' |
Other intangible assets, net | 0 | ' | 0 | ' | ' | ' |
Other assets | 0 | ' | 0 | ' | ' | ' |
Assets | 339.8 | ' | 368.8 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Trade accounts payable | 0 | ' | 0 | ' | ' | ' |
Accounts payable, affiliates | 0 | ' | 0 | ' | ' | ' |
Accrued liabilities | 0 | ' | 0 | ' | ' | ' |
Derivative Liabilities, Current | 0 | ' | 0 | ' | ' | ' |
Current deferred tax liabilities, net | -0.3 | ' | 0.1 | ' | ' | ' |
Current portion of long-term debt | 0 | ' | 0 | ' | ' | ' |
Total current liabilities | -0.3 | ' | 0.1 | ' | ' | ' |
Long-term debt, net | 0 | ' | 0 | ' | ' | ' |
Long-term derivative liabilities, net | ' | ' | 0 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 0 | ' | 0 | ' | ' | ' |
Other long-term liabilities | 0 | ' | 0 | ' | ' | ' |
Advances due to affiliates, noncurrent | 189.1 | ' | 183.7 | ' | ' | ' |
Long-term deferred tax liabilities | 35.5 | ' | 36.7 | ' | ' | ' |
Common stock subject to redemption | ' | ' | 2 | ' | ' | ' |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock | 0 | ' | 0 | ' | ' | ' |
Common stock | 0.7 | ' | 0.7 | ' | ' | ' |
Capital in excess of par value | 238.4 | ' | 233.4 | ' | ' | ' |
Retained earnings (accumulated deficit) | -20.2 | ' | 17.9 | ' | ' | ' |
Accumulated other comprehensive income (loss) | -103.4 | ' | -105.7 | ' | ' | ' |
Total shareholders' equity | 115.5 | ' | 146.3 | ' | ' | ' |
Noncontrolling interest | 0 | ' | 0 | ' | ' | ' |
Total equity | 115.5 | ' | 146.3 | ' | ' | ' |
Total liabilities and equity | 339.8 | ' | 368.8 | ' | ' | ' |
Issuer [Member] | ' | ' | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 55.2 | 27.9 | 27.9 | 29.9 | 31.3 | ' |
Accounts receivable, net [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable, net | 0 | ' | 0 | ' | ' | ' |
Accounts receivable, affiliates | 11.9 | ' | 11.9 | ' | ' | ' |
Inventories, net | 0 | ' | 0 | ' | ' | ' |
Income Taxes Receivable, Current | 0 | ' | 0 | ' | ' | ' |
Prepaid expenses | 0 | ' | 0 | ' | ' | ' |
Other current assets | 0 | ' | 0 | ' | ' | ' |
Total current assets | 67.1 | ' | 39.8 | ' | ' | ' |
Investments in affiliates | 1,511.90 | ' | 1,509 | ' | ' | ' |
Advances due from affiliates, noncurrent | 125 | ' | 119.8 | ' | ' | ' |
Property, plant and equipment, net | 0 | ' | 0 | ' | ' | ' |
Goodwill | 0 | ' | 0 | ' | ' | ' |
Other intangible assets, net | 0 | ' | 0 | ' | ' | ' |
Other assets | 8.2 | ' | 9.3 | ' | ' | ' |
Assets | 1,712.20 | ' | 1,677.90 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Trade accounts payable | 0.2 | ' | 0 | ' | ' | ' |
Accounts payable, affiliates | 19.7 | ' | 19.4 | ' | ' | ' |
Accrued liabilities | 11.3 | ' | 2 | ' | ' | ' |
Derivative Liabilities, Current | 0 | ' | 0 | ' | ' | ' |
Current deferred tax liabilities, net | -3.3 | ' | 0 | ' | ' | ' |
Current portion of long-term debt | 4.9 | ' | 3.3 | ' | ' | ' |
Total current liabilities | 32.8 | ' | 24.7 | ' | ' | ' |
Long-term debt, net | 644.2 | ' | 592.4 | ' | ' | ' |
Long-term derivative liabilities, net | ' | ' | 0 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 0 | ' | 0 | ' | ' | ' |
Other long-term liabilities | 0 | ' | 0 | ' | ' | ' |
Advances due to affiliates, noncurrent | 697.6 | ' | 681.7 | ' | ' | ' |
Long-term deferred tax liabilities | 21.6 | ' | 32.1 | ' | ' | ' |
Common stock subject to redemption | ' | ' | 0 | ' | ' | ' |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock | 0 | ' | 0 | ' | ' | ' |
Common stock | 0 | ' | 0 | ' | ' | ' |
Capital in excess of par value | 352.1 | ' | 352.1 | ' | ' | ' |
Retained earnings (accumulated deficit) | 67.3 | ' | 100.6 | ' | ' | ' |
Accumulated other comprehensive income (loss) | -103.4 | ' | -105.7 | ' | ' | ' |
Total shareholders' equity | 316 | ' | 347 | ' | ' | ' |
Noncontrolling interest | 0 | ' | 0 | ' | ' | ' |
Total equity | 316 | ' | 347 | ' | ' | ' |
Total liabilities and equity | 1,712.20 | ' | 1,677.90 | ' | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 6 | 3.3 | 3.3 | 1.3 | 3.3 | ' |
Accounts receivable, net [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable, net | 101.4 | ' | 101.6 | ' | ' | ' |
Accounts receivable, affiliates | 2 | ' | 0.3 | ' | ' | ' |
Inventories, net | 159.4 | ' | 169.1 | ' | ' | ' |
Income Taxes Receivable, Current | 1.1 | ' | 0.6 | ' | ' | ' |
Prepaid expenses | 3.9 | ' | 7.1 | ' | ' | ' |
Other current assets | 7.5 | ' | 4.9 | ' | ' | ' |
Total current assets | 281.3 | ' | 286.9 | ' | ' | ' |
Investments in affiliates | 0 | ' | 0 | ' | ' | ' |
Advances due from affiliates, noncurrent | 698.2 | ' | 682.1 | ' | ' | ' |
Property, plant and equipment, net | 618.1 | ' | 633.2 | ' | ' | ' |
Goodwill | 137.6 | ' | 137.6 | ' | ' | ' |
Other intangible assets, net | 56.7 | ' | 61.2 | ' | ' | ' |
Other assets | 53.1 | ' | 55.6 | ' | ' | ' |
Assets | 1,845 | ' | 1,856.60 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Trade accounts payable | 85.9 | ' | 97.5 | ' | ' | ' |
Accounts payable, affiliates | 3.6 | ' | 9.9 | ' | ' | ' |
Accrued liabilities | 37.4 | ' | 30.4 | ' | ' | ' |
Derivative Liabilities, Current | 4.5 | ' | 1.8 | ' | ' | ' |
Current deferred tax liabilities, net | 13.7 | ' | 16.7 | ' | ' | ' |
Current portion of long-term debt | 0 | ' | 0 | ' | ' | ' |
Total current liabilities | 145.1 | ' | 156.3 | ' | ' | ' |
Long-term debt, net | 0 | ' | 0 | ' | ' | ' |
Long-term derivative liabilities, net | ' | ' | 0.1 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 180.4 | ' | 181.5 | ' | ' | ' |
Other long-term liabilities | 37.1 | ' | 36.7 | ' | ' | ' |
Advances due to affiliates, noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-term deferred tax liabilities | 109.6 | ' | 112.6 | ' | ' | ' |
Common stock subject to redemption | ' | ' | 0 | ' | ' | ' |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock | 0 | ' | 0 | ' | ' | ' |
Common stock | 0 | ' | 0 | ' | ' | ' |
Capital in excess of par value | 1,199.70 | ' | 1,199.70 | ' | ' | ' |
Retained earnings (accumulated deficit) | 277.1 | ' | 276.1 | ' | ' | ' |
Accumulated other comprehensive income (loss) | -104 | ' | -106.4 | ' | ' | ' |
Total shareholders' equity | 1,372.80 | ' | 1,369.40 | ' | ' | ' |
Noncontrolling interest | 0 | ' | 0 | ' | ' | ' |
Total equity | 1,372.80 | ' | 1,369.40 | ' | ' | ' |
Total liabilities and equity | 1,845 | ' | 1,856.60 | ' | ' | ' |
Subsidiary non-guarantor [Member] | ' | ' | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 2.3 | 4.4 | 4.4 | 1.9 | 4.8 | ' |
Accounts receivable, net [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable, net | 4.3 | ' | 5 | ' | ' | ' |
Accounts receivable, affiliates | 3.7 | ' | 9.9 | ' | ' | ' |
Inventories, net | 34.7 | ' | 27.2 | ' | ' | ' |
Income Taxes Receivable, Current | -0.3 | ' | -0.3 | ' | ' | ' |
Prepaid expenses | 1.4 | ' | 1.6 | ' | ' | ' |
Other current assets | 7.3 | ' | 14 | ' | ' | ' |
Total current assets | 53.4 | ' | 61.8 | ' | ' | ' |
Investments in affiliates | 0 | ' | 0 | ' | ' | ' |
Advances due from affiliates, noncurrent | 63.5 | ' | 63.5 | ' | ' | ' |
Property, plant and equipment, net | 64.3 | ' | 61.3 | ' | ' | ' |
Goodwill | 0 | ' | 0 | ' | ' | ' |
Other intangible assets, net | 0 | ' | 0 | ' | ' | ' |
Other assets | 32.1 | ' | 31.2 | ' | ' | ' |
Assets | 213.3 | ' | 217.8 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Trade accounts payable | 12 | ' | 9.7 | ' | ' | ' |
Accounts payable, affiliates | 14 | ' | 12.2 | ' | ' | ' |
Accrued liabilities | 20.8 | ' | 26.4 | ' | ' | ' |
Derivative Liabilities, Current | 0 | ' | 0 | ' | ' | ' |
Current deferred tax liabilities, net | 0 | ' | 0 | ' | ' | ' |
Current portion of long-term debt | 0 | ' | 0 | ' | ' | ' |
Total current liabilities | 46.8 | ' | 48.3 | ' | ' | ' |
Long-term debt, net | 0 | ' | 0 | ' | ' | ' |
Long-term derivative liabilities, net | ' | ' | 0 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 5.9 | ' | 5.7 | ' | ' | ' |
Other long-term liabilities | 13.1 | ' | 15.6 | ' | ' | ' |
Advances due to affiliates, noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-term deferred tax liabilities | 2.4 | ' | 2.6 | ' | ' | ' |
Common stock subject to redemption | ' | ' | 0 | ' | ' | ' |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock | 0 | ' | 0 | ' | ' | ' |
Common stock | 0 | ' | 0 | ' | ' | ' |
Capital in excess of par value | 83.7 | ' | 83.7 | ' | ' | ' |
Retained earnings (accumulated deficit) | 54.7 | ' | 55.2 | ' | ' | ' |
Accumulated other comprehensive income (loss) | 0.7 | ' | 0.7 | ' | ' | ' |
Total shareholders' equity | 139.1 | ' | 139.6 | ' | ' | ' |
Noncontrolling interest | 6 | ' | 6 | ' | ' | ' |
Total equity | 145.1 | ' | 145.6 | ' | ' | ' |
Total liabilities and equity | 213.3 | ' | 217.8 | ' | ' | ' |
Consolidation, Eliminations [Member] | ' | ' | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 | 0 | ' |
Accounts receivable, net [Abstract] | ' | ' | ' | ' | ' | ' |
Trade accounts receivable, net | 0 | ' | 0 | ' | ' | ' |
Accounts receivable, affiliates | -37.3 | ' | -41.5 | ' | ' | ' |
Inventories, net | -0.4 | ' | -0.5 | ' | ' | ' |
Income Taxes Receivable, Current | 0 | ' | 0 | ' | ' | ' |
Prepaid expenses | 0 | ' | 0 | ' | ' | ' |
Other current assets | 0 | ' | 0 | ' | ' | ' |
Total current assets | -37.7 | ' | -42 | ' | ' | ' |
Investments in affiliates | -1,827.90 | ' | -1,856 | ' | ' | ' |
Advances due from affiliates, noncurrent | -886.7 | ' | -865.4 | ' | ' | ' |
Property, plant and equipment, net | 0 | ' | 0 | ' | ' | ' |
Goodwill | 0 | ' | 0 | ' | ' | ' |
Other intangible assets, net | 0 | ' | 0 | ' | ' | ' |
Other assets | 0 | ' | 0 | ' | ' | ' |
Assets | -2,752.30 | ' | -2,763.40 | ' | ' | ' |
LIABILITIES AND EQUITY | ' | ' | ' | ' | ' | ' |
Trade accounts payable | -0.1 | ' | 0 | ' | ' | ' |
Accounts payable, affiliates | -37.3 | ' | -41.5 | ' | ' | ' |
Accrued liabilities | 0 | ' | 0 | ' | ' | ' |
Derivative Liabilities, Current | 0 | ' | 0 | ' | ' | ' |
Current deferred tax liabilities, net | 0 | ' | 0 | ' | ' | ' |
Current portion of long-term debt | 0 | ' | 0 | ' | ' | ' |
Total current liabilities | -37.4 | ' | -41.5 | ' | ' | ' |
Long-term debt, net | 0 | ' | 0 | ' | ' | ' |
Long-term derivative liabilities, net | ' | ' | 0 | ' | ' | ' |
Pension and other post-retirement benefit liabilities | 0 | ' | 0 | ' | ' | ' |
Other long-term liabilities | 0 | ' | 0 | ' | ' | ' |
Advances due to affiliates, noncurrent | -886.7 | ' | -865.4 | ' | ' | ' |
Long-term deferred tax liabilities | -0.3 | ' | -0.5 | ' | ' | ' |
Common stock subject to redemption | ' | ' | 0 | ' | ' | ' |
Shareholders' equity: | ' | ' | ' | ' | ' | ' |
Preferred stock | 0 | ' | 0 | ' | ' | ' |
Common stock | 0 | ' | 0 | ' | ' | ' |
Capital in excess of par value | -1,635.50 | ' | -1,635.50 | ' | ' | ' |
Retained earnings (accumulated deficit) | -399.1 | ' | -431.9 | ' | ' | ' |
Accumulated other comprehensive income (loss) | 206.7 | ' | 211.4 | ' | ' | ' |
Total shareholders' equity | -1,827.90 | ' | -1,856 | ' | ' | ' |
Noncontrolling interest | 0 | ' | 0 | ' | ' | ' |
Total equity | -1,827.90 | ' | -1,856 | ' | ' | ' |
Total liabilities and equity | ($2,752.30) | ' | ($2,763.40) | ' | ' | ' |
Subsidiary_Issuer_of_Guarantee2
Subsidiary Issuer of Guaranteed Notes (Consolidating Income Statements) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' |
Sales | $339.90 | $336.80 | $1,030.30 | $1,062 | ' |
Operating costs and expenses: | ' | ' | ' | ' | ' |
Cost of Goods Sold | 333.3 | 323.3 | 973.1 | 959.4 | ' |
Selling, General and Administrative Expense | 23.7 | 24.3 | 69.8 | 64.8 | ' |
Total operating costs and expenses, net | 357 | 347.6 | 1,042.90 | 1,024.20 | ' |
Operating Income (Loss) | -17.1 | -10.8 | -12.6 | 37.8 | ' |
Other (income) expense: [Abstract] | ' | ' | ' | ' | ' |
Interest Expense | 12.6 | 8.9 | 34.9 | 24.2 | ' |
(Gain) loss on hedging activities, net | 2.4 | -25.4 | 0 | -62.5 | ' |
Interest and Debt Expense | 0 | 0 | 2.5 | 8.1 | ' |
Total other income, net | 15 | -16.5 | 37.4 | -30.2 | ' |
Income (loss) before income taxes | -32.1 | 5.7 | -50 | 68 | ' |
Income Tax Expense (Benefit) | 13.9 | -1.9 | 20.1 | -22.7 | ' |
Equity in net income (loss) of subsidiaries | 0 | 0 | 0 | 0 | ' |
Net income (loss) | -18.2 | 3.8 | -29.9 | 45.3 | 49.5 |
Total other comprehensive loss, net of tax | 2.2 | -24.9 | 2.3 | -48.3 | -63.3 |
Total comprehensive income (loss) | -16 | -21.1 | -27.6 | -3 | ' |
Parent guarantor [Member] | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | 0 | ' |
Operating costs and expenses: | ' | ' | ' | ' | ' |
Cost of Goods Sold | 0 | 0 | 0 | 0 | ' |
Selling, General and Administrative Expense | 1.6 | 1.3 | 4.4 | 5.1 | ' |
Total operating costs and expenses, net | 1.6 | 1.3 | 4.4 | 5.1 | ' |
Operating Income (Loss) | -1.6 | -1.3 | -4.4 | -5.1 | ' |
Other (income) expense: [Abstract] | ' | ' | ' | ' | ' |
Interest Expense | -0.1 | -0.1 | -0.3 | -0.3 | ' |
(Gain) loss on hedging activities, net | 0 | 0 | ' | 0 | ' |
Interest and Debt Expense | 0 | ' | 0 | 0 | ' |
Total other income, net | -0.1 | -0.1 | -0.3 | -0.3 | ' |
Income (loss) before income taxes | -1.5 | -1.2 | -4.1 | -4.8 | ' |
Income Tax Expense (Benefit) | 0.4 | 0.4 | 1.2 | 1.5 | ' |
Equity in net income (loss) of subsidiaries | -17.1 | 4.6 | -27 | 48.6 | ' |
Net income (loss) | -18.2 | 3.8 | -29.9 | 45.3 | ' |
Total other comprehensive loss, net of tax | 2.2 | -24.9 | 2.3 | -48.3 | ' |
Total comprehensive income (loss) | -16 | -21.1 | -27.6 | -3 | ' |
Issuer [Member] | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | 0 | ' |
Operating costs and expenses: | ' | ' | ' | ' | ' |
Cost of Goods Sold | 0 | 0 | 0 | 0 | ' |
Selling, General and Administrative Expense | 0.1 | 0.1 | 1 | 0.8 | ' |
Total operating costs and expenses, net | 0.1 | 0.1 | 1 | 0.8 | ' |
Operating Income (Loss) | -0.1 | -0.1 | -1 | -0.8 | ' |
Other (income) expense: [Abstract] | ' | ' | ' | ' | ' |
Interest Expense | 12.6 | 9.1 | 35 | 24.5 | ' |
(Gain) loss on hedging activities, net | 0 | 0 | ' | 0 | ' |
Interest and Debt Expense | 0 | ' | 2.5 | 8.1 | ' |
Total other income, net | 12.6 | 9.1 | 37.5 | 32.6 | ' |
Income (loss) before income taxes | -12.7 | -9.2 | -38.5 | -33.4 | ' |
Income Tax Expense (Benefit) | 4.2 | 3 | 12.8 | 11.2 | ' |
Equity in net income (loss) of subsidiaries | -8.6 | 10.8 | -1.3 | 70.8 | ' |
Net income (loss) | -17.1 | 4.6 | -27 | 48.6 | ' |
Total other comprehensive loss, net of tax | 2.2 | -24.9 | 2.3 | -48.3 | ' |
Total comprehensive income (loss) | -14.9 | -20.3 | -24.7 | 0.3 | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' |
Sales | 328.8 | -323.2 | 996.5 | 1,024.70 | ' |
Operating costs and expenses: | ' | ' | ' | ' | ' |
Cost of Goods Sold | 325.6 | 311 | 948.8 | 929 | ' |
Selling, General and Administrative Expense | 18 | 19.9 | 54.2 | 49.6 | ' |
Total operating costs and expenses, net | 343.6 | 330.9 | 1,003 | 978.6 | ' |
Operating Income (Loss) | -14.8 | -7.7 | -6.5 | 46.1 | ' |
Other (income) expense: [Abstract] | ' | ' | ' | ' | ' |
Interest Expense | 0.1 | -0.1 | 0.2 | 0 | ' |
(Gain) loss on hedging activities, net | 2.4 | -25.4 | ' | -62.5 | ' |
Interest and Debt Expense | 0 | ' | 0 | 0 | ' |
Total other income, net | 2.5 | -25.5 | 0.2 | -62.5 | ' |
Income (loss) before income taxes | -17.3 | 17.8 | -6.7 | 108.6 | ' |
Income Tax Expense (Benefit) | 9.7 | -5.9 | 5.5 | -36.2 | ' |
Equity in net income (loss) of subsidiaries | 0 | 0 | 0 | 0 | ' |
Net income (loss) | -7.6 | 11.9 | -1.2 | 72.4 | ' |
Total other comprehensive loss, net of tax | 2.2 | -24.9 | 2.4 | -48.3 | ' |
Total comprehensive income (loss) | -5.4 | -13 | 1.2 | 24.1 | ' |
Subsidiary non-guarantor [Member] | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' |
Sales | 30.9 | -33.6 | 96.5 | 99.1 | ' |
Operating costs and expenses: | ' | ' | ' | ' | ' |
Cost of Goods Sold | 27.5 | 32.3 | 87 | 92.2 | ' |
Selling, General and Administrative Expense | 4 | 3 | 10.2 | 9.3 | ' |
Total operating costs and expenses, net | 31.5 | 35.3 | 97.2 | 101.5 | ' |
Operating Income (Loss) | -0.6 | -1.7 | -0.7 | -2.4 | ' |
Other (income) expense: [Abstract] | ' | ' | ' | ' | ' |
Interest Expense | 0 | 0 | 0 | 0 | ' |
(Gain) loss on hedging activities, net | 0 | 0 | ' | 0 | ' |
Interest and Debt Expense | 0 | ' | 0 | 0 | ' |
Total other income, net | 0 | 0 | 0 | 0 | ' |
Income (loss) before income taxes | -0.6 | -1.7 | -0.7 | -2.4 | ' |
Income Tax Expense (Benefit) | -0.4 | 0.6 | 0.6 | 0.8 | ' |
Equity in net income (loss) of subsidiaries | 0 | 0 | 0 | 0 | ' |
Net income (loss) | -1 | -1.1 | -0.1 | -1.6 | ' |
Total other comprehensive loss, net of tax | 0 | 0 | 0 | 0 | ' |
Total comprehensive income (loss) | -1 | -1.1 | -0.1 | -1.6 | ' |
Consolidation, Eliminations [Member] | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' |
Sales | -19.8 | 20 | -62.7 | -61.8 | ' |
Operating costs and expenses: | ' | ' | ' | ' | ' |
Cost of Goods Sold | -19.8 | -20 | -62.7 | -61.8 | ' |
Selling, General and Administrative Expense | 0 | 0 | 0 | 0 | ' |
Total operating costs and expenses, net | -19.8 | -20 | -62.7 | -61.8 | ' |
Operating Income (Loss) | 0 | 0 | 0 | 0 | ' |
Other (income) expense: [Abstract] | ' | ' | ' | ' | ' |
Interest Expense | 0 | 0 | 0 | 0 | ' |
(Gain) loss on hedging activities, net | 0 | 0 | ' | 0 | ' |
Interest and Debt Expense | 0 | ' | 0 | 0 | ' |
Total other income, net | 0 | 0 | 0 | 0 | ' |
Income (loss) before income taxes | 0 | 0 | 0 | 0 | ' |
Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | ' |
Equity in net income (loss) of subsidiaries | 25.7 | -15.4 | 28.3 | -119.4 | ' |
Net income (loss) | 25.7 | -15.4 | 28.3 | -119.4 | ' |
Total other comprehensive loss, net of tax | -4.4 | 49.8 | -4.7 | 96.6 | ' |
Total comprehensive income (loss) | $21.30 | $34.40 | $23.60 | ($22.80) | ' |
Subsidiary_Issuer_of_Guarantee3
Subsidiary Issuer of Guaranteed Notes (Consolidating Statements of Cash Flows) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Guarantor Obligations [Line Items] | ' | ' |
Cash provided by (used in) operating activities | $40.80 | ($13.80) |
Investing Activities | ' | ' |
Capital expenditures | -55.7 | -59.8 |
Proceeds from sale of property, plant and equipment | 0.9 | 4.8 |
Cash provided by (used in) investing activities | -54.8 | -55 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | -0.1 | 0.1 |
Payments of Ordinary Dividends, Common Stock | -8.2 | -92.2 |
Distributions paid to optionholders | 0 | -3.1 |
Repayments of Long-term Debt | -278.8 | -154.8 |
Proceeds from Issuance of Long-term Debt | 331.8 | 322.6 |
Payments of Financing Costs | -2.9 | -12.6 |
Cash Dividends Paid to Parent Company | 0 | 0 |
Cash provided by (used in) financing activities | 41.8 | 60 |
Change in cash and cash equivalents | 27.8 | -8.8 |
Cash and cash equivalents, beginning of period | 36.1 | 42.7 |
Cash and cash equivalents, end of period | -63.9 | -33.9 |
Parent guarantor [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -0.7 | 0 |
Investing Activities | ' | ' |
Capital expenditures | 0 | 0 |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Cash provided by (used in) investing activities | 0 | 0 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | -0.1 | 0.1 |
Payments of Ordinary Dividends, Common Stock | -8.2 | -92.2 |
Distributions paid to optionholders | 0 | -3.1 |
Repayments of Long-term Debt | 0 | 0 |
Proceeds from Issuance of Long-term Debt | 0 | 0 |
Payments of Financing Costs | 0 | 0 |
Cash Dividends Paid to Parent Company | 8.9 | 92.7 |
Cash provided by (used in) financing activities | 0.6 | -2.5 |
Change in cash and cash equivalents | -0.1 | -2.5 |
Cash and cash equivalents, beginning of period | 0.5 | 3.3 |
Cash and cash equivalents, end of period | -0.4 | -0.8 |
Issuer [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -13.9 | -63.9 |
Investing Activities | ' | ' |
Capital expenditures | 0 | 0 |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Cash provided by (used in) investing activities | 0 | 0 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | 0 | 0 |
Payments of Ordinary Dividends, Common Stock | 0 | 0 |
Distributions paid to optionholders | 0 | 0 |
Repayments of Long-term Debt | -278.8 | -154.8 |
Proceeds from Issuance of Long-term Debt | 331.8 | 322.6 |
Payments of Financing Costs | -2.9 | -12.6 |
Cash Dividends Paid to Parent Company | -8.9 | -92.7 |
Cash provided by (used in) financing activities | 41.2 | 62.5 |
Change in cash and cash equivalents | 27.3 | -1.4 |
Cash and cash equivalents, beginning of period | 27.9 | 31.3 |
Cash and cash equivalents, end of period | -55.2 | -29.9 |
Guarantor Subsidiaries [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 48.8 | 46.4 |
Investing Activities | ' | ' |
Capital expenditures | -47 | -53.2 |
Proceeds from sale of property, plant and equipment | 0.9 | 4.8 |
Cash provided by (used in) investing activities | -46.1 | -48.4 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | 0 | 0 |
Payments of Ordinary Dividends, Common Stock | 0 | 0 |
Distributions paid to optionholders | 0 | 0 |
Repayments of Long-term Debt | 0 | 0 |
Proceeds from Issuance of Long-term Debt | 0 | 0 |
Payments of Financing Costs | 0 | 0 |
Cash Dividends Paid to Parent Company | 0 | 0 |
Cash provided by (used in) financing activities | 0 | 0 |
Change in cash and cash equivalents | 2.7 | -2 |
Cash and cash equivalents, beginning of period | 3.3 | 3.3 |
Cash and cash equivalents, end of period | -6 | -1.3 |
Subsidiary non-guarantor [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 6.6 | 3.7 |
Investing Activities | ' | ' |
Capital expenditures | -8.7 | -6.6 |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Cash provided by (used in) investing activities | -8.7 | -6.6 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | 0 | 0 |
Payments of Ordinary Dividends, Common Stock | 0 | 0 |
Distributions paid to optionholders | 0 | 0 |
Repayments of Long-term Debt | 0 | 0 |
Proceeds from Issuance of Long-term Debt | 0 | 0 |
Payments of Financing Costs | 0 | 0 |
Cash Dividends Paid to Parent Company | 0 | 0 |
Cash provided by (used in) financing activities | 0 | 0 |
Change in cash and cash equivalents | -2.1 | -2.9 |
Cash and cash equivalents, beginning of period | 4.4 | 4.8 |
Cash and cash equivalents, end of period | -2.3 | -1.9 |
Consolidation, Eliminations [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 0 | 0 |
Investing Activities | ' | ' |
Capital expenditures | 0 | 0 |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Cash provided by (used in) investing activities | 0 | 0 |
Financing Activities | ' | ' |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | 0 | 0 |
Payments of Ordinary Dividends, Common Stock | 0 | 0 |
Distributions paid to optionholders | 0 | 0 |
Repayments of Long-term Debt | 0 | 0 |
Proceeds from Issuance of Long-term Debt | 0 | 0 |
Payments of Financing Costs | 0 | 0 |
Cash Dividends Paid to Parent Company | 0 | 0 |
Cash provided by (used in) financing activities | 0 | 0 |
Change in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
Cash and cash equivalents, end of period | $0 | $0 |