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Business Segments (Tables)
6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of results of operation, depreciation and amortization, capital expenditures and total assets by reportable segments
Segment Data
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
($ in millions)
 
2015
 
2014
 
2015
 
2014
Net Sales:
 
 

 
 

 
 

 
 

Specialty Alloys Operations
 
$
363.6

 
$
438.3

 
$
736.2

 
$
874.2

Performance Engineered Products
 
85.4

 
133.7

 
177.0

 
263.7

Intersegment
 
(5.2
)
 
(23.6
)
 
(13.8
)
 
(39.7
)
Consolidated net sales
 
$
443.8

 
$
548.4

 
$
899.4

 
$
1,098.2

Segment Data
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
($ in millions)
 
2015
 
2014
 
2015
 
2014
Operating Income:
 
 

 
 

 
 
 
 
Specialty Alloys Operations
 
$
41.5

 
$
43.4

 
$
82.7

 
$
68.0

Performance Engineered Products
 
(2.9
)
 
12.6

 
(3.3
)
 
22.2

Corporate costs (including restructuring charges)
 
(12.7
)
 
(7.0
)
 
(24.8
)
 
(17.3
)
     Pension earnings, interest and deferrals
 
(4.8
)
 
(2.4
)
 
(9.6
)
 
(4.7
)
Intersegment
 
0.7

 
(1.6
)
 
1.7

 
(1.0
)
Consolidated operating income
 
$
21.8

 
$
45.0

 
$
46.7

 
$
67.2

Segment Data
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
($ in millions)
 
2015
 
2014
 
2015
 
2014
Depreciation and Amortization:
 
 

 
 

 
 
 
 
Specialty Alloys Operations
 
$
23.9

 
$
23.2

 
$
47.4

 
$
46.8

Performance Engineered Products
 
5.7

 
5.9

 
11.4

 
12.0

Corporate
 
0.9

 
1.2

 
1.9

 
2.3

Intersegment
 
(0.2
)
 
(0.2
)
 
(0.4
)
 
(0.5
)
Consolidated depreciation and amortization
 
$
30.3

 
$
30.1

 
$
60.3

 
$
60.6

Segment Data
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
($ in millions)
 
2015
 
2014
 
2015
 
2014
Capital Expenditures:
 
 

 
 

 
 
 
 
Specialty Alloys Operations
 
$
17.0

 
$
52.7

 
$
36.7

 
$
104.3

Performance Engineered Products
 
2.2

 
16.1

 
11.3

 
22.9

Corporate
 
0.5

 
0.3

 
1.6

 
1.3

Intersegment
 
(0.1
)
 
(0.7
)
 
(0.1
)
 
(1.1
)
Consolidated capital expenditures
 
$
19.6

 
$
68.4

 
$
49.5

 
$
127.4

Segment Data
 
December 31,
2015
 
June 30,
2015
($ in millions)
 
 
Total Assets:
 
 

 
 

Specialty Alloys Operations
 
$
2,309.7

 
$
2,323.0

Performance Engineered Products
 
475.8

 
499.2

Corporate
 
92.8

 
125.0

Intersegment
 
(37.7
)
 
(41.3
)
Consolidated total assets
 
$
2,840.6

 
$
2,905.9