XML 63 R42.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment | The changes in the carrying amount of goodwill by reportable segment for fiscal years 2024 and 2023 were as follows:
|  | June 30,
($ in millions) |  | 2022 |  |  |  |  |  |  |  | 2023 |  |  | Impairment |  |  |  | 2024
Goodwill |  | $ | 376.0 |  |  |  |  |  |  |  |  | $ | 376.0 |  |  |  | $ | — |  |  |  |  | $ | 376.0 |
Accumulated impairment losses |  | (134.6) |  |  |  |  |  |  |  |  | (134.6) |  |  |  | (14.1) |  |  |  |  | (148.7) |
Total goodwill |  | $ | 241.4 |  |  |  |  |  |  |  |  | $ | 241.4 |  |  |  | $ | (14.1) |  |  |  |  | $ | 227.3 |
Specialty Alloys Operations |  | $ | 195.5 |  |  |  |  |  |  |  |  | $ | 195.5 |  |  |  | $ | — |  |  |  |  | $ | 195.5 |
Performance Engineered Products |  | 45.9 |  |  |  |  |  |  |  |  | 45.9 |  |  |  | (14.1) |  |  |  |  | 31.8 |
Total goodwill |  | $ | 241.4 |  |  |  |  |  |  |  |  | $ | 241.4 |  |  |  | $ | (14.1) |  |  |  |  | $ | 227.3 |
Schedule of Other Intangible Assets, Net | Other intangible assets, net consisted of the following as of June 30, 2024 and 2023:
|  |  |  | June 30, 2024 |  | June 30, 2023
($ in millions) |  | Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Net Carrying Amount
Trademarks and trade names |  | 30 |  | $ | 29.9 |  |  | $ | (27.3) |  |  |  |  | $ | 2.6 |  |  | $ | 29.9 |  |  | $ | (26.3) |  |  |  |  | $ | 3.6 |
Customer relationships |  | 15 |  | 70.8 |  |  | (58.2) |  |  |  |  | 12.6 |  |  | 70.8 |  |  | (53.5) |  |  |  |  | 17.3 |
Technology |  | 11 |  | — |  |  | — |  |  |  |  | — |  |  | 3.6 |  |  | (3.5) |  |  |  |  | 0.1 |
Patents |  | 15 |  | — |  |  | — |  |  |  |  | — |  |  | 11.4 |  |  | (3.7) |  |  |  |  | 7.7 |
Total other intangibles |  |  |  | $ | 100.7 |  |  | $ | (85.5) |  |  |  |  | $ | 15.2 |  |  | $ | 115.7 |  |  | $ | (87.0) |  |  |  |  | $ | 28.7 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration