Financial Information for Subsidiary and Guarantor Parent (Tables)

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Balance Sheets
December 31, 2011
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Assets:
Cash and cash equivalents		$	0.8	$	129.7	$	250.1	$	-	$	380.6
Accounts receivable, net			0.1		220.6		488.4		-		709.1
Inventories, net			-		299.0		1,085.3		-		1,384.3
Prepaid expenses and other current
	assets		10.5		20.0		65.0		-		95.5
Total current assets			11.4		669.3		1,888.8		-		2,569.5
Property, plant and equipment, net			3.0		614.9		1,750.9		-		2,368.8
Cost in excess of net assets acquired			-		112.1		625.6		-		737.7
Investments in subsidiaries and
	other assets		5,287.3		1,579.0		996.6		(7,492.0)		370.9
Total assets		$	5,301.7	$	2,975.3	$	5,261.9	$	(7,492.0)	$	6,046.9
Liabilities and stockholders’ equity:
Accounts payable		$	4.1	$	222.5	$	264.1	$	-	$	490.7
Accrued liabilities			961.8		66.7		736.2		(1,444.4)		320.3
Deferred income taxes			23.5		-		-		-		23.5
Short-term debt and current portion
	of long-term debt		-		0.1		27.2		-		27.3
Total current liabilities			989.4		289.3		1,027.5		(1,444.4)		861.8
Long-term debt			1,252.5		350.7		78.8		(200.0)		1,482.0
Accrued postretirement benefits			-		215.5		272.6		-		488.1
Pension liabilities			441.6		5.7		61.6		-		508.9
Deferred income taxes			9.8		-		-		-		9.8
Other long-term liabilities			36.8		17.2		70.7		-		124.7
Total liabilities			2,730.1		878.4		1,511.2		(1,644.4)		3,475.3
Total stockholders’ equity			2,571.6		2,096.9		3,750.7		(5,847.6)		2,571.6
Total liabilities and stockholders’
	equity	$	5,301.7	$	2,975.3	$	5,261.9	$	(7,492.0)	$	6,046.9

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Operations
For the year ended December 31, 2011
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	2,363.4	$	2,819.6	$	-	$	5,183.0
Cost of sales			27.4		2,129.2		2,213.2		-		4,369.8
Selling and administrative expenses			168.6		50.9		162.6		-		382.1
Income (loss) before interest, other income
	and income taxes		(196.0)		183.3		443.8		-		431.1
Interest expense, net			(81.6)		(10.4)		(0.3)		-		(92.3)
Other income (expense) including
	equity in income of unconsolidated
	subsidiaries		617.0		4.1		2.6		(623.1)		0.6
Income before income tax provision			339.4		177.0		446.1		(623.1)		339.4
Income tax provision			116.3		68.8		155.1		(223.9)		116.3
Net income			223.1		108.2		291.0		(399.2)		223.1
Less: Net income attributable to
	noncontrolling interest		8.8		-		8.8		(8.8)		8.8
Net income attributable to ATI		$	214.3	$	108.2	$	282.2	$	(390.4)	$	214.3

Condensed Statements of Cash Flows
For the year ended December 31, 2011
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Cash flows provided by (used in)
	operating activities	$	(16.2)	$	78.2	$	234.8	$	-	$	296.8
Cash flows used in investing activities			(385.1)		(160.8)		(74.3)		(4.5)		(624.7)
Cash flows provided by (used in)
	financing activities		400.2		53.2		(181.7)		4.5		276.2
Increase (decrease) in cash and cash equivalents		$	(1.1)	$	(29.4)	$	(21.2)	$	―	$	(51.7)

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Balance Sheets
December 31, 2010
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Assets:
Cash and cash equivalents		$	1.9	$	159.1	$	271.3	$	-	$	432.3
Accounts receivable, net			0.1		233.3		312.0		-		545.4
Inventories, net			-		232.6		791.9		-		1,024.5
Prepaid expenses and other current
	assets		48.6		19.2		45.1		-		112.9
Total current assets			50.6		644.2		1,420.3		-		2,115.1
Property, plant and equipment, net			2.8		483.5		1,503.0		-		1,989.3
Cost in excess of net assets acquired			-		112.2		94.6		-		206.8
Investments in subsidiaries and
	other assets		4,249.2		1,554.2		1,001.0		(6,622.0)		182.4
Total assets		$	4,302.6	$	2,794.1	$	4,018.9	$	(6,622.0)	$	4,493.6
Liabilities and stockholders’ equity:
Accounts payable		$	5.5	$	173.3	$	215.3	$	-	$	394.1
Accrued liabilities			1,179.3		62.9		704.8		(1,697.1)		249.9
Deferred income taxes			5.6		-		-		-		5.6
Short-term debt and current portion
	of long-term debt		117.3		10.4		13.7		-		141.4
Total current liabilities			1,307.7		246.6		933.8		(1,697.1)		791.0
Long-term debt			752.5		350.8		18.6		(200.0)		921.9
Accrued postretirement benefits			-		236.6		187.2		-		423.8
Pension liabilities			12.9		6.2		39.2		-		58.3
Deferred income taxes			68.6		-		-		-		68.6
Other long-term liabilities			31.5		20.0		49.1		-		100.6
Total liabilities			2,173.2		860.2		1,227.9		(1,897.1)		2,364.2
Total stockholders’ equity			2,129.4		1,933.9		2,791.0		(4,724.9)		2,129.4
Total liabilities and stockholders’
	equity	$	4,302.6	$	2,794.1	$	4,018.9	$	(6,622.0)	$	4,493.6

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Operations
For the year ended December 31, 2010
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	2,056.5	$	1,991.3	$	-	$	4,047.8
Cost of sales			44.0		1,968.4		1,545.1		-		3,557.5
Selling and administrative expenses			126.2		28.8		149.9		-		304.9
Income (loss) before interest, other income
	and income taxes		(170.2)		59.3		296.3		-		185.4
Interest income (expense), net			(52.2)		(10.2)		(0.3)		-		(62.7)
Other income (expense) including
	equity in income of unconsolidated
	subsidiaries		348.1		8.5		3.8		(357.4)		3.0
Income before income tax provision			125.7		57.6		299.8		(357.4)		125.7
Income tax provision			47.0		20.0		124.0		(144.0)		47.0
Net income			78.7		37.6		175.8		(213.4)		78.7
Less: Net income attributable to
	noncontrolling interest		8.0		-		8.0		(8.0)		8.0
Net income attributable to ATI		$	70.7	$	37.6	$	167.8	$	(205.4)	$	70.7

Condensed Statements of Cash Flows
For the year ended December 31, 2010
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Cash flows provided by (used in)
	operating activities	$	(23.8)	$	(188.9)	$	271.2	$	(31.4)	$	27.1
Cash flows used in investing activities			(0.2)		(68.7)		(123.0)		(24.9)		(216.8)
Cash flows provided by (used in)
	financing activities		18.7		(55.5)		(106.3)		56.3		(86.8)
Increase (decrease) in cash and cash equivalents		$	(5.3)	$	(313.1)	$	41.9	$	―	$	(276.5)

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Operations
For the year ended December 31, 2009
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,380.3	$	1,674.6	$	-	$	3,054.9
Cost of sales			68.5		1,284.2		1,293.8		-		2,646.5
Selling and administrative expenses			127.7		36.5		151.5		-		315.7
Income (loss) before interest, other income
	and income taxes		(196.2)		59.6		229.3		-		92.7
Interest income (expense), net			(9.5)		(9.8)		-		-		(19.3)
Debt extinguishment costs			(9.2)		-		-		-		(9.2)
Other income (expense) including
	equity in income of unconsolidated
	subsidiaries		279.8		2.6		5.7		(287.4)		0.7
Income before income tax provision			64.9		52.4		235.0		(287.4)		64.9
Income tax provision			26.9		18.8		93.6		(112.4)		26.9
Net income			38.0		33.6		141.4		(175.0)		38.0
Less: Net income attributable to
	noncontrolling interest		6.3		-		6.3		(6.3)		6.3
Net income attributable to ATI		$	31.7	$	33.6	$	135.1	$	(168.7)	$	31.7

Condensed Statements of Cash Flows
For the year ended December 31, 2009
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Cash flows provided by (used in)
	operating activities	$	(46.2)	$	62.5	$	184.3	$	17.9	$	218.5
Cash flows used in investing activities			(132.8)		(48.1)		(334.5)		61.7		(453.7)
Cash flows provided by financing activities			182.8		176.0		194.9		(79.6)		474.1
Increase in cash and cash equivalents		$	3.8	$	190.4	$	44.7	$	―	$	238.9