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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Comparative information of the Company’s overall revenues (in millions) by global and geographical markets for the second quarters and six months ended June 30, 2022 and 2021 were as follows:
(in millions)Second quarter ended
June 30, 2022June 30, 2021
HPMCAA&STotalHPMCAA&STotal
Diversified Global Markets:
Aerospace & Defense:
   Jet Engines- Commercial$231.4 $17.3 $248.7 $122.0 $7.6 $129.6 
   Airframes- Commercial43.9 62.2 106.1 34.1 20.3 54.4 
   Defense40.7 40.9 81.6 62.5 34.7 97.2 
   Total Aerospace & Defense316.0 120.4 436.4 218.6 62.6 281.2 
Energy:
   Oil & Gas8.1 117.1 125.2 10.3 45.8 56.1 
   Specialty Energy31.5 43.6 75.1 38.3 23.9 62.2 
   Total Energy39.6 160.7 200.3 48.6 69.7 118.3 
Automotive2.3 73.2 75.5 1.4 66.6 68.0 
Food Equipment & Appliances— 62.7 62.7 0.1 20.6 20.7 
Electronics0.7 48.7 49.4 0.2 43.1 43.3 
Construction/Mining7.9 32.0 39.9 6.1 15.8 21.9 
Medical16.8 22.7 39.5 14.6 17.4 32.0 
Other12.8 43.0 55.8 11.0 19.8 30.8 
Total$396.1 $563.4 $959.5 $300.6 $315.6 $616.2 
(in millions)Six months ended
June 30, 2022June 30, 2021
HPMCAA&STotalHPMCAA&STotal
Diversified Global Markets:
Aerospace & Defense:
   Jet Engines- Commercial$410.4 $34.9 $445.3 $217.9 $17.8 $235.7 
   Airframes- Commercial81.1 118.7 199.8 60.6 52.0 112.6 
   Defense82.1 76.0 158.1 119.9 67.2 187.1 
   Total Aerospace & Defense573.6 229.6 803.2 398.4 137.0 535.4 
Energy:
   Oil & Gas25.2 203.1 228.3 18.6 120.0 138.6 
   Specialty Energy61.6 70.1 131.7 60.5 68.3 128.8 
   Total Energy86.8 273.2 360.0 79.1 188.3 267.4 
Automotive5.2 161.3 166.5 3.4 156.1 159.5 
Electronics1.2 99.8 101.0 0.5 98.4 98.9 
Food Equipment & Appliances— 96.7 96.7 0.1 56.0 56.1 
Construction/Mining16.3 75.6 91.9 11.2 53.2 64.4 
Medical30.0 45.7 75.7 25.8 35.2 61.0 
Other24.6 74.0 98.6 23.0 43.0 66.0 
Total$737.7 $1,055.9 $1,793.6 $541.5 $767.2 $1,308.7 
(in millions)Second quarter ended
June 30, 2022June 30, 2021
HPMCAA&STotalHPMCAA&STotal
Primary Geographical Market:
United States$179.8 $388.8 $568.6 $157.6 $172.1 $329.7 
Europe135.0 48.8 183.8 86.3 27.1 113.4 
Asia50.5 104.4 154.9 40.6 94.7 135.3 
Canada12.7 11.7 24.4 9.3 10.7 20.0 
South America, Middle East and other18.1 9.7 27.8 6.8 11.0 17.8 
Total$396.1 $563.4 $959.5 $300.6 $315.6 $616.2 
(in millions)Six months ended
June 30, 2022June 30, 2021
HPMCAA&STotalHPMCAA&STotal
Primary Geographical Market:
United States$336.2 $710.1 $1,046.3 $285.9 $443.7 $729.6 
Europe256.3 87.4 343.7 165.4 61.1 226.5 
Asia94.7 219.5 314.2 60.7 217.3 278.0 
Canada23.0 20.4 43.4 17.5 19.8 37.3 
South America, Middle East and other27.5 18.5 46.0 12.0 25.3 37.3 
Total$737.7 $1,055.9 $1,793.6 $541.5 $767.2 $1,308.7 
Comparative information of the Company’s major products based on their percentages of sales is included in the following table. The Company no longer reports standard stainless product sales as a separate product category. Prior period information includes these sales within the nickel-based alloys and specialty alloys category. Hot-Rolling and Processing Facility (HRPF) conversion service sales in the AA&S segment are excluded from this presentation.
Second quarter ended
June 30, 2022June 30, 2021
HPMCAA&STotalHPMCAA&STotal
Diversified Products and Services:
     Nickel-based alloys and specialty alloys48 %55 %52 %45 %31 %38 %
     Precision forgings, castings and components35 %— %15 %36 %— %18 %
     Precision rolled strip products— %24 %14 %— %39 %19 %
     Titanium and titanium-based alloys17 %6 %11 %19 %6 %13 %
     Zirconium and related alloys— %15 %8 %— %24 %12 %
Total100 %100 %100 %100 %100 %100 %
Six months ended
June 30, 2022June 30, 2021
HPMCAA&STotalHPMCAA&STotal
Diversified Products and Services:
     Nickel-based alloys and specialty alloys48 %54 %51 %41 %40 %41 %
     Precision rolled strip products— %26 %15 %— %35 %20 %
     Precision forgings, castings and components35 %— %15 %39 %— %17 %
     Titanium and titanium-based alloys17 %6 %10 %20 %6 %12 %
     Zirconium and related alloys— %14 %9 %— %19 %10 %
Total100 %100 %100 %100 %100 %100 %
Schedule of Accounts Receivable - Reserve for Doubtful Accounts
(in millions)
Accounts Receivable - Reserve for Doubtful AccountsJune 30,
2022		June 30,
2021
Balance as of beginning of fiscal year$3.8 $4.3 
Expense to increase the reserve0.4 — 
Write-off of uncollectible accounts(0.3)(0.4)
Balance as of period end$3.9 $3.9 
Schedule of Contract Assets and Liabilities
(in millions)
Contract Assets
Short-termJune 30,
2022		June 30,
2021
Balance as of beginning of fiscal year$53.9 $38.9 
Recognized in current year35.3 48.9 
Reclassified to accounts receivable(34.9)(30.4)
Reclassification to/from long-term and contract liability— (5.1)
Balance as of period end$54.3 $52.3 
(in millions)
Contract Liabilities
Short-termJune 30,
2022		June 30,
2021
Balance as of beginning of fiscal year$116.2 $111.8 
Recognized in current year59.6 77.9 
Amounts in beginning balance reclassified to revenue(54.4)(63.9)
Current year amounts reclassified to revenue(13.4)(18.7)
Other1.5 — 
Reclassification to/from long-term and contract asset16.2 (3.3)
Balance as of period end$125.7 $103.8 
Long-termJune 30,
2022		June 30,
2021
Balance as of beginning of fiscal year$84.4 $32.0 
Recognized in current year7.5 41.0 
Amounts in beginning balance reclassified to revenue(0.5)(0.5)
Current year amounts reclassified to revenue— — 
Reclassification to/from short-term(16.2)(1.8)
Balance as of period end$75.2 $70.7