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Financial Information for Subsidiary and Guarantor Parent (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Balance Sheets
June 30, 2013
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Assets:
Cash and cash equivalents		$	2.9	$	4.7	$	66.5	$	-	$	74.1
Accounts receivable, net			0.2		209.8		445.5		-		655.5
Inventories, net			-		315.1		1,189.8		-		1,504.9
Prepaid expenses and other current
	assets		54.7		10.5		32.1		-		97.3
Total current assets			57.8		540.1		1,733.9		-		2,331.8
Property, plant and equipment, net			3.6		1,063.6		1,625.2		-		2,692.4
Cost in excess of net assets acquired			-		112.1		624.9		-		737.0
Investments in subsidiaries and
	other assets		5,575.0		207.9		853.4		(6,277.9)		358.4
Total assets		$	5,636.4	$	1,923.7	$	4,837.4	$	(6,277.9)	$	6,119.6
Liabilities and stockholders’ equity:
Accounts payable		$	3.7	$	248.1	$	193.8	$	-	$	445.6
Accrued liabilities			1,101.3		660.9		246.5		(1,715.6)		293.1
Deferred income taxes			27.6		-		-		-		27.6
Short-term debt and current portion
	of long-term debt		402.8		0.1		17.4		-		420.3
Total current liabilities			1,535.4		909.1		457.7		(1,715.6)		1,186.6
Long-term debt			851.0		350.5		52.1		(200.0)		1,053.6
Accrued postretirement benefits			-		187.9		292.1		-		480.0
Pension liabilities			642.6		4.8		60.4		-		707.8
Deferred income taxes			4.2		-		-		-		4.2
Other long-term liabilities			16.3		19.4		65.0		(0.2)		100.5
Total liabilities			3,049.5		1,471.7		927.3		(1,915.8)		3,532.7
Total stockholders’ equity			2,586.9		452.0		3,910.1		(4,362.1)		2,586.9
Total liabilities and stockholders’
	equity	$	5,636.4	$	1,923.7	$	4,837.4	$	(6,277.9)	$	6,119.6

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Income and Comprehensive Income
For the three months ended June 30, 2013
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	475.8	$	659.7	$	-	$	1,135.5
Cost of sales			18.6		468.5		544.6		-		1,031.7
Selling and administrative expenses			25.9		9.5		46.7		-		82.1
Income (loss) before interest, other
	income and income taxes		(44.5)		(2.2)		68.4		-		21.7
Interest expense, net			(10.7)		(2.7)		(0.5)		-		(13.9)
Other income (loss) including
	equity in income of unconsolidated
	subsidiaries		62.9		(6.1)		9.2		(66.1)		(0.1)
Income before income tax provision			7.7		(11.0)		77.1		(66.1)		7.7
Income tax provision (benefit)			1.1		(0.7)		25.3		(24.6)		1.1
Net income (loss)			6.6		(10.3)		51.8		(41.5)		6.6
Less: Net income (loss) attributable to
	noncontrolling interests		-		-		2.2		-		2.2
Net income (loss) attributable to ATI		$	6.6	$	(10.3)	$	49.6	$	(41.5)	$	4.4
Comprehensive income (loss) attributable to ATI		$	19.9	$	(10.2)	$	52.8	$	(46.7)	$	15.8

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Income and Comprehensive Income
For the six months ended June 30, 2013
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	952.9	$	1,362.0	$	-	$	2,314.9
Cost of sales			36.1		935.2		1,125.5		-		2,096.8
Selling and administrative expenses			55.0		19.9		92.9		-		167.8
Income (loss) before interest, other
	income and income taxes		(91.1)		(2.2)		143.6		-		50.3
Interest expense, net			(22.4)		(5.3)		(0.6)		-		(28.3)
Other income including
	equity in income of unconsolidated
	subsidiaries		136.5		(11.5)		18.4		(142.4)		1.0
Income before income tax provision			23.0		(19.0)		161.4		(142.4)		23.0
Income tax provision			4.8		(3.2)		55.1		(51.9)		4.8
Net income			18.2		(15.8)		106.3		(90.5)		18.2
Less: Net income attributable to
	noncontrolling interests		-		-		3.8		-		3.8
Net income attributable to ATI		$	18.2	$	(15.8)	$	102.5	$	(90.5)	$	14.4
Comprehensive income attributable to ATI		$	45.2	$	(15.6)	$	92.8	$	(83.4)	$	39.0

Condensed Statements of Cash Flows
For the six months ended June 30, 2013
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Cash flows provided by (used in)
	operating activities	$	(21.1)	$	51.6	$	27.5	$	-	$	58.0
Investing Activities:
	Purchases of property, plant and equipment		(0.1)		(201.7)		(21.9)		-		(223.7)
	Asset disposals and other		-		0.1		0.4		-		0.5
Cash flows used in investing activities			(0.1)		(201.6)		(21.5)		-		(223.2)
Financing Activities:
	Net receipts/(payments) on intercompany activity		78.7		141.7		(220.4)		-		(0.0)
	Dividends paid to stockholders		(38.4)		-		-		-		(38.4)
	Other		(21.7)		(0.1)		(5.1)		-		(26.9)
Cash flows provided by (used in) financing activities			18.6		141.6		(225.5)		-		(65.3)
Increase (decrease) in cash
	and cash equivalents	$	(2.6)	$	(8.4)	$	(219.5)	$	-	$	(230.5)

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Balance Sheets
December 31, 2012
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Assets:
Cash and cash equivalents		$	5.5	$	13.1	$	286.0	$	-	$	304.6
Accounts receivable, net			0.4		190.1		422.8		-		613.3
Inventories, net			-		311.1		1,225.5		-		1,536.6
Prepaid expenses and other current
	assets		1.1		10.2		44.8		-		56.1
Total current assets			7.0		524.5		1,979.1		-		2,510.6
Property, plant and equipment, net			3.9		882.2		1,673.8		-		2,559.9
Cost in excess of net assets acquired			-		112.1		628.0		-		740.1
Deferred income taxes			71.5		-		-		-		71.5
Investments in subsidiaries and
	other assets		5,595.9		210.3		657.0		(6,097.5)		365.7
Total assets		$	5,678.3	$	1,729.1	$	4,937.9	$	(6,097.5)	$	6,247.8
Liabilities and stockholders’ equity:
Accounts payable		$	5.3	$	262.6	$	232.0	$	-	$	499.9
Accrued liabilities			1,137.4		419.8		401.1		(1,627.8)		330.5
Deferred income taxes			24.0		-		-		-		24.0
Short-term debt and current portion
	of long-term debt		0.3		0.1		16.7		-		17.1
Total current liabilities			1,167.0		682.5		649.8		(1,627.8)		871.5
Long-term debt			1,253.4		350.6		59.1		(200.1)		1,463.0
Accrued postretirement benefits			-		198.2		297.0		-		495.2
Pension liabilities			651.7		5.1		64.3		-		721.1
Other long-term liabilities			19.1		20.8		70.0		-		109.9
Total liabilities			3,091.2		1,257.2		1,140.2		(1,827.9)		3,660.7
Total stockholders’ equity			2,587.1		471.9		3,797.7		(4,269.6)		2,587.1
Total liabilities and stockholders’
	equity	$	5,678.3	$	1,729.1	$	4,937.9	$	(6,097.5)	$	6,247.8

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Income and Comprehensive Income
For the three months ended June 30, 2012
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	573.6	$	783.8	$	-	$	1,357.4
Cost of sales			13.4		526.4		618.7		-		1,158.5
Selling and administrative expenses			34.9		11.9		43.9		-		90.7
Income (loss) before interest, other
	income and income taxes		(48.3)		35.3		121.2		-		108.2
Interest income (expense), net			(15.6)		(2.6)		(0.4)		-		(18.6)
Other income including
	equity in income of unconsolidated
	subsidiaries		153.6		(12.5)		15.0		(156.0)		0.1
Income before income tax provision			89.7		20.2		135.8		(156.0)		89.7
Income tax provision			31.0		8.3		48.3		(56.6)		31.0
Net income			58.7		11.9		87.5		(99.4)		58.7
Less: Net income attributable to
	noncontrolling interests		-		-		2.3		-		2.3
Net income attributable to ATI		$	58.7	$	11.9	$	85.2	$	(99.4)	$	56.4
Comprehensive income (loss) attributable to ATI		$	70.8	$	11.6	$	72.3	$	(85.0)	$	69.7

Allegheny Technologies Incorporated
Financial Information for Subsidiary and Guarantor Parent
Statements of Income and Comprehensive Income
For the six months ended June 30, 2012
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,130.6	$	1,579.3	$	-	$	2,709.9
Cost of sales			26.7		1,034.9		1,242.4		-		2,304.0
Selling and administrative expenses			78.0		22.4		93.7		-		194.1
Income (loss) before interest, other
	income and income taxes		(104.7)		73.3		243.2		-		211.8
Interest expense, net			(32.6)		(5.2)		(0.7)		-		(38.5)
Other income including
	equity in income of unconsolidated
	subsidiaries		311.1		(10.9)		16.5		(316.2)		0.5
Income before income tax provision			173.8		57.2		259.0		(316.2)		173.8
Income tax provision			56.8		22.3		89.1		(111.4)		56.8
Net income			117.0		34.9		169.9		(204.8)		117.0
Less: Net income attributable to
	noncontrolling interests		-		-		4.4		-		4.4
Net income attributable to ATI		$	117.0	$	34.9	$	165.5	$	(204.8)	$	112.6
Comprehensive income attributable to ATI		$	145.6	$	34.3	$	161.9	$	(200.0)	$	141.8

Condensed Statements of Cash Flows
For the six months ended June 30, 2012
		Guarantor				Non-guarantor
(In millions)		Parent		Subsidiary		Subsidiaries		Eliminations		Consolidated
Cash flows provided by (used in)
	operating activities	$	(25.9)	$	2.6	$	83.1	$	-	$	59.8
Investing Activities:
	Purchases of property, plant and equipment		(0.8)		(127.9)		(37.0)		-		(165.7)
	Asset disposals and other		-		0.2		0.7		-		0.9
Cash flows used in investing activities			(0.8)		(127.7)		(36.3)		-		(164.8)
Financing Activities:
	Net receipts/(payments) on intercompany activity		90.2		5.8		(96.0)		-		-
	Dividends paid to stockholders		(38.2)		-		-		-		(38.2)
	Other		(21.6)		(0.1)		(5.4)		-		(27.1)
Cash flows provided by (used in) financing activities			30.4		5.7		(101.4)		-		(65.3)
Increase (decrease) in cash
	and cash equivalents	$	3.7	$	(119.4)	$	(54.6)	$	-	$	(170.3)

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 06

-Article 9



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 3

-Subparagraph (SX 210.12-04)

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Article 5



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 12



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 05

-Paragraph c

-Article 7



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 24

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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