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Segment Information, Geographic and Product Data
 12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information, Geographic and Product Data Segment Information, Geographic and Product Data
 
The Company has two reportable segments, Specialty Alloys Operations ("SAO") and Performance Engineered Products ("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 being 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 include 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 loss on divestiture of business and other specifically identified income or expense items.

The service cost component of the Company's net pension expense, which represents the estimated cost of future pension liabilities earned associated with active employees, is included in the operating income of the business segments. The residual net pension expense, which is comprised of the expected return on plan assets, interest costs on the projected benefit obligations of the plans and amortization of actuarial gains and losses and prior service costs, is included under "Other expense (income), net."

On a consolidated basis, no single customer accounted for 10 percent or more of net sales for the fiscal year ended June 30, 2021. Howmet Aerospace Inc. (formerly Arconic Inc.), accounted for approximately 10 percent and 11 percent of net sales for the years ended June 30, 2020 and 2019, respectively. For the years ended June 30, 2020 and 2019, 90 percent of sales to Howmet Aerospace Inc. were reported by the SAO segment and 10 percent were reported by the PEP segment, respectively. No single customer accounted for 10 percent or more of the accounts receivable outstanding at June 30, 2021 and 2020.
Segment DataYears Ended June 30,
($ in millions)202120202019
Net Sales:   
Specialty Alloys Operations$1,262.2 $1,831.6 $1,967.3 
Performance Engineered Products259.8 401.1 479.8 
Intersegment(46.4)(51.6)(66.9)
Consolidated net sales$1,475.6 $2,181.1 $2,380.2 
 Years Ended June 30,
($ in millions)202120202019
Operating (Loss) Income:   
Specialty Alloys Operations$(87.4)$239.0 $282.2 
Performance Engineered Products(16.5)(10.4)30.0 
Corporate costs (including restructuring and asset impairment charges)(144.3)(205.0)(72.7)
Intersegment(0.4)1.7 1.9 
Consolidated operating (loss) income$(248.6)$25.3 $241.4 
 Years Ended June 30,
($ in millions)202120202019
Depreciation and Amortization:   
Specialty Alloys Operations$99.7 $93.5 $95.2 
Performance Engineered Products18.3 24.8 22.2 
Corporate5.6 6.2 4.9 
Intersegment— (0.6)(0.8)
Consolidated depreciation and amortization$123.6 $123.9 $121.5 
 Years Ended June 30,
($ in millions)202120202019
Capital Expenditures:   
Specialty Alloys Operations$69.4 $99.3 $92.7 
Performance Engineered Products6.0 17.2 51.7 
Corporate25.2 54.9 37.1 
Intersegment(0.1)— (1.2)
Consolidated capital expenditures$100.5 $171.4 $180.3 
 June 30,
($ in millions)20212020
Total Assets:  
Specialty Alloys Operations$2,150.1 $2,259.0 
Performance Engineered Products418.5 548.5 
Corporate402.2 428.9 
Intersegment0.4 (9.2)
Consolidated total assets$2,971.2 $3,227.2 
Geographic DataYears Ended June 30,
($ in millions)202120202019
Net Sales: (a)
   
United States$926.6 $1,393.4 $1,606.7 
Europe242.7 387.4 387.2 
Asia Pacific194.4 237.5 196.3 
Mexico48.8 67.0 81.6 
Canada32.9 54.2 67.8 
Other30.2 41.6 40.6 
Consolidated net sales$1,475.6 $2,181.1 $2,380.2 
(a) Net sales were attributed to geographic region based on the location of the customer.
June 30,
($ in millions)20212020
Long-lived assets:  
United States$1,439.2 $1,329.3 
Europe16.3 16.4 
Mexico1.1 1.1 
Asia Pacific0.8 2.5 
Canada0.1 1.8 
Consolidated long-lived assets$1,457.5 $1,351.1