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Business Segments
 6 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Business Segments Business Segments
 
The Company has two reportable segments, SAO and PEP.
 
The SAO segment is comprised of the Company’s major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania and surrounding areas as well as South Carolina and Alabama. The combined assets of the SAO operations are managed in an integrated manner to optimize efficiency and profitability across the total system.
 
The PEP segment is comprised of the Company's differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. Effective July 1, 2020 the Company's Carpenter Powder Products business was merged into the Carpenter Additive business. The Amega West business was also part of the PEP segment however it was sold during the quarter ended September 30, 2020. The businesses in the PEP segment are managed with an entrepreneurial structure to promote flexibility and agility to quickly respond to market dynamics.
 
The Company’s executive management evaluates the performance of these operating segments based on sales, operating income and cash flow generation. Segment operating profit excludes general corporate costs, which is comprised of executive and director compensation and other corporate facilities and administrative expenses not allocated to the segments. Also excluded are items that management considers not representative of ongoing operations, such as restructuring charges and other specifically-identified income or expense items.

On a consolidated basis, no single customer accounted for 10 percent or more of net sales for the three months ended December 31, 2020 and one customer, Howmet Aerospace Inc., accounted for approximately 10 percent of net sales for the three months ended December 31, 2019, respectively. On a consolidated basis, no single customer accounted for 10 percent or more of net sales for the six months ended December 31, 2020 and one customer, Howmet Aerospace Inc., accounted for approximately 10 percent of net sales for the six months ended December 31, 2019. On a consolidated basis, no single customer accounted for 10 percent or more of accounts receivable outstanding for the six months ended December 31, 2020. Approximately 10 percent of the accounts receivable outstanding at June 30, 2020 was due from one customer, Howmet Aerospace Inc.
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2020201920202019
Net Sales:  
Specialty Alloys Operations$300.4 $483.0 $601.1 $974.1 
Performance Engineered Products54.8 106.0 116.7 215.4 
Intersegment(6.4)(16.0)(15.7)(31.1)
Consolidated net sales$348.8 $573.0 $702.1 $1,158.4 
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2020201920202019
Operating (Loss) Income:  
Specialty Alloys Operations$(11.6)$76.3 $(30.2)$157.3 
Performance Engineered Products(7.2)0.4 (10.9)(1.7)
Corporate costs (including restructuring and asset impairment charges)(70.6)(21.9)(97.1)(41.0)
Intersegment0.4 0.2 0.4 0.2 
Consolidated operating (loss) income$(89.0)$55.0 $(137.8)$114.8 
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2020201920202019
Depreciation and Amortization:  
Specialty Alloys Operations$23.3 $23.2 $46.5 $46.8 
Performance Engineered Products4.2 6.2 10.3 12.1 
Corporate1.0 1.3 2.7 2.6 
Intersegment0.1 (0.2)0.1 (0.5)
Consolidated depreciation and amortization$28.6 $30.5 $59.6 $61.0 
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2020201920202019
Capital Expenditures:  
Specialty Alloys Operations$15.7 $24.9 $37.4 $50.1 
Performance Engineered Products1.1 5.4 3.2 11.6 
Corporate9.8 16.4 19.3 32.6 
Intersegment— — — — 
Consolidated capital expenditures$26.6 $46.7 $59.9 $94.3 
December 31,
2020		June 30,
2020
($ in millions)
Total Assets:  
Specialty Alloys Operations$2,088.7 $2,259.0 
Performance Engineered Products459.1 548.5 
Corporate510.0 428.9 
Intersegment(13.9)(9.2)
Consolidated total assets$3,043.9 $3,227.2