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Business Segments
 6 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Business Segments Business Segments
 
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 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. 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 results exclude general corporate costs, which are 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 and six months ended December 31, 2022 and December 31, 2021. On a consolidated basis, no single customer accounted for 10 percent or more of accounts receivable outstanding at December 31, 2022 and June 30, 2022.
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2022202120222021
Net Sales:  
Specialty Alloys Operations$495.8 $330.8 $943.2 $662.8 
Performance Engineered Products106.7 85.7 200.0 160.3 
Intersegment(23.4)(20.5)(41.2)(39.5)
Consolidated net sales$579.1 $396.0 $1,102.0 $783.6 
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2022202120222021
Operating Income (Loss):  
Specialty Alloys Operations$30.3 $(20.3)$50.2 $(26.2)
Performance Engineered Products9.3 3.0 15.6 3.6 
Corporate costs(16.4)(14.5)(33.5)(28.6)
Intersegment(0.6)0.3 (1.4)0.6 
Consolidated operating income (loss)$22.6 $(31.5)$30.9 $(50.6)
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2022202120222021
Depreciation and Amortization:  
Specialty Alloys Operations$27.3 $27.4 $54.4 $54.6 
Performance Engineered Products3.8 4.0 7.7 7.9 
Corporate1.4 1.4 2.7 2.8 
Consolidated depreciation and amortization$32.5 $32.8 $64.8 $65.3 
Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2022202120222021
Capital Expenditures:  
Specialty Alloys Operations$16.0 $16.6 $27.4 $28.7 
Performance Engineered Products1.2 2.0 3.1 3.2 
Corporate0.3 0.5 0.5 1.5 
Consolidated capital expenditures$17.5 $19.1 $31.0 $33.4 
December 31,
2022		June 30,
2022
($ in millions)
Total Assets:  
Specialty Alloys Operations$2,482.1 $2,262.4 
Performance Engineered Products444.9 418.9 
Corporate136.0 248.9 
Intersegment(6.5)2.1 
Consolidated total assets$3,056.5 $2,932.3