XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Sales $ 616.2 $ 770.3 $ 1,308.7 $ 1,725.8
Cost of sales 573.5 695.6 1,180.2 1,516.3
Gross profit 42.7 74.7 128.5 209.5
Selling and administrative expenses 60.2 44.4 114.2 102.8
Impairment of goodwill 0.0 287.0 0.0 287.0
Restructuring charges (credits) (6.2) 16.7 (6.2) 24.7
Operating income (loss) (11.3) (273.4) 20.5 (205.0)
Nonoperating retirement benefit expense (6.8) (11.2) (13.6) (22.4)
Interest expense, net (23.7) (21.7) (47.1) (43.6)
Debt extinguishment charge (See Note 7) 0.0 (21.5) 0.0 (21.5)
Other income (expense), net 1.4 0.5 2.9 (0.4)
Loss before income taxes (40.4) (327.3) (37.3) (292.9)
Income tax provision 4.0 92.6 9.5 103.4
Net loss (44.4) (419.9) (46.8) (396.3)
Less: Net income attributable to noncontrolling interests 4.8 2.7 10.3 5.2
Net loss attributable to ATI $ (49.2) $ (422.6) $ (57.1) $ (401.5)
Basic net loss attributable to ATI per common share (in dollars per share) $ (0.39) $ (3.34) $ (0.45) $ (3.18)
Diluted net loss attributable to ATI per common share (in dollars per share) $ (0.39) $ (3.34) $ (0.45) $ (3.18)