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Financial Information for Subsidiary and Guarantor Parent (Tables) | 3 Months Ended
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Mar. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets | Balance Sheets December 31, 2014
| Guarantor |  |  |  | Non-guarantor |  |  |  |
(In millions) | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2.2 |  |  | $ | 13.8 |  |  | $ | 253.5 |  |  | $ | — |  |  | $ | 269.5 |
Accounts receivable, net | 0.1 |  |  | 209.1 |  |  | 394.4 |  |  | — |  |  | 603.6 |
Intercompany notes receivable | — |  |  | — |  |  | 2,390.8 |  |  | (2,390.8 | ) |  | — |
Inventories, net | — |  |  | 387.7 |  |  | 1,085.1 |  |  | — |  |  | 1,472.8 |
Prepaid expenses and other current assets | 63.7 |  |  | 13.2 |  |  | 59.3 |  |  | — |  |  | 136.2 |
Total current assets | 66.0 |  |  | 623.8 |  |  | 4,183.1 |  |  | (2,390.8 | ) |  | 2,482.1 |
Property, plant and equipment, net | 2.2 |  |  | 1,545.1 |  |  | 1,414.5 |  |  | — |  |  | 2,961.8 |
Cost in excess of net assets acquired | — |  |  | 126.6 |  |  | 653.8 |  |  | — |  |  | 780.4 |
Intercompany notes receivable | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investment in subsidiaries | 6,149.4 |  |  | 37.7 |  |  | — |  |  | (6,187.1 | ) |  | — |
Other assets | 23.7 |  |  | 28.0 |  |  | 306.6 |  |  | — |  |  | 358.3 |
Total assets | $ | 6,241.3 |  |  | $ | 2,361.2 |  |  | $ | 6,758.0 |  |  | $ | (8,777.9 | ) |  | $ | 6,582.6 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 4.5 |  |  | $ | 302.0 |  |  | $ | 250.2 |  |  | $ | — |  |  | $ | 556.7 |
Accrued liabilities | 47.5 |  |  | 72.0 |  |  | 203.7 |  |  | — |  |  | 323.2 |
Intercompany notes payable | 1,232.6 |  |  | 1,158.2 |  |  | — |  |  | (2,390.8 | ) |  | — |
Deferred income taxes | 62.2 |  |  | — |  |  | — |  |  | — |  |  | 62.2 |
Short-term debt and current portion of long-term debt | 0.5 |  |  | 0.1 |  |  | 17.2 |  |  | — |  |  | 17.8 |
Total current liabilities | 1,347.3 |  |  | 1,532.3 |  |  | 471.1 |  |  | (2,390.8 | ) |  | 959.9 |
Long-term debt | 1,350.6 |  |  | 150.3 |  |  | 8.2 |  |  | — |  |  | 1,509.1 |
Intercompany notes payable | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits | — |  |  | 153.0 |  |  | 262.8 |  |  | — |  |  | 415.8 |
Pension liabilities | 675.5 |  |  | 6.0 |  |  | 57.8 |  |  | — |  |  | 739.3 |
Deferred income taxes | 80.9 |  |  | — |  |  | — |  |  | — |  |  | 80.9 |
Other long-term liabilities | 77.7 |  |  | 22.5 |  |  | 56.0 |  |  | — |  |  | 156.2 |
Total liabilities | 3,532.0 |  |  | 2,064.1 |  |  | 855.9 |  |  | (2,590.8 | ) |  | 3,861.2 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 12.1 |  |  | — |  |  | 12.1 |
Total stockholders’ equity | 2,709.3 |  |  | 297.1 |  |  | 5,890.0 |  |  | (6,187.1 | ) |  | 2,709.3 |
Total liabilities and stockholders’ equity | $ | 6,241.3 |  |  | $ | 2,361.2 |  |  | $ | 6,758.0 |  |  | $ | (8,777.9 | ) |  | $ | 6,582.6 |
Balance Sheets March 31, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2.5 |  |  | $ | 12.0 |  |  | $ | 223.5 |  |  | $ | — |  |  | $ | 238.0 |
Accounts receivable, net | 0.1 |  |  | 222.4 |  |  | 468.4 |  |  | — |  |  | 690.9 |
Intercompany notes receivable | — |  |  | — |  |  | 2,367.9 |  |  | (2,367.9 | ) |  | — |
Inventories, net | — |  |  | 399.6 |  |  | 1,073.0 |  |  | — |  |  | 1,472.6 |
Prepaid expenses and other current assets | 3.0 |  |  | 8.9 |  |  | 52.2 |  |  | — |  |  | 64.1 |
Total current assets | 5.6 |  |  | 642.9 |  |  | 4,185.0 |  |  | (2,367.9 | ) |  | 2,465.6 |
Property, plant and equipment, net | 2.5 |  |  | 1,544.9 |  |  | 1,396.3 |  |  | — |  |  | 2,943.7 |
Cost in excess of net assets acquired | — |  |  | 126.6 |  |  | 651.3 |  |  | — |  |  | 777.9 |
Intercompany notes receivable | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investment in subsidiaries | 6,149.2 |  |  | 37.7 |  |  | — |  |  | (6,186.9 | ) |  | — |
Other assets | 23.5 |  |  | 27.7 |  |  | 318.4 |  |  | — |  |  | 369.6 |
Total assets | $ | 6,180.8 |  |  | $ | 2,379.8 |  |  | $ | 6,751.0 |  |  | $ | (8,754.8 | ) |  | $ | 6,556.8 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2.8 |  |  | $ | 336.9 |  |  | $ | 219.8 |  |  | $ | — |  |  | $ | 559.5 |
Accrued liabilities | 31.7 |  |  | 60.3 |  |  | 196.8 |  |  | — |  |  | 288.8 |
Intercompany notes payable | 1,179.0 |  |  | 1,188.9 |  |  | — |  |  | (2,367.9 | ) |  | — |
Deferred income taxes | 70.8 |  |  | — |  |  | — |  |  | — |  |  | 70.8 |
Short-term debt and current portion of long-term debt | 0.6 |  |  | 0.1 |  |  | 17.2 |  |  | — |  |  | 17.9 |
Total current liabilities | 1,284.9 |  |  | 1,586.2 |  |  | 433.8 |  |  | (2,367.9 | ) |  | 937.0 |
Long-term debt | 1,351.0 |  |  | 150.3 |  |  | 7.8 |  |  | — |  |  | 1,509.1 |
Intercompany notes payable | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits | — |  |  | 150.9 |  |  | 256.2 |  |  | — |  |  | 407.1 |
Pension liabilities | 668.7 |  |  | 5.8 |  |  | 55.7 |  |  | — |  |  | 730.2 |
Deferred income taxes | 91.3 |  |  | — |  |  | — |  |  | — |  |  | 91.3 |
Other long-term liabilities | 76.9 |  |  | 20.9 |  |  | 64.2 |  |  | — |  |  | 162.0 |
Total liabilities | 3,472.8 |  |  | 2,114.1 |  |  | 817.7 |  |  | (2,567.9 | ) |  | 3,836.7 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 12.1 |  |  | — |  |  | 12.1 |
Total stockholders’ equity | 2,708.0 |  |  | 265.7 |  |  | 5,921.2 |  |  | (6,186.9 | ) |  | 2,708.0 |
Total liabilities and stockholders’ equity | $ | 6,180.8 |  |  | $ | 2,379.8 |  |  | $ | 6,751.0 |  |  | $ | (8,754.8 | ) |  | $ | 6,556.8 |
Statements of Operations and Comprehensive Income | Statements of Operations and Comprehensive Income For the three months ended March 31, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 508.5 |  |  | $ | 617.0 |  |  | $ | — |  |  | $ | 1,125.5 |
Cost of sales | 2.2 |  |  | 504.0 |  |  | 509.8 |  |  | — |  |  | 1,016.0 |
Selling and administrative expenses | 25.8 |  |  | 11.7 |  |  | 25.6 |  |  | — |  |  | 63.1 |
Income (loss) before interest, other income and income taxes | (28.0 | ) |  | (7.2 | ) |  | 81.6 |  |  | — |  |  | 46.4 |
Interest income (expense), net | (28.0 | ) |  | (12.2 | ) |  | 13.5 |  |  | — |  |  | (26.7 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 76.6 |  |  | 0.4 |  |  | 0.6 |  |  | (76.7 | ) |  | 0.9 |
Income (loss) from continuing operations before income tax provision (benefit) | 20.6 |  |  | (19.0 | ) |  | 95.7 |  |  | (76.7 | ) |  | 20.6 |
Income tax provision (benefit) | 8.0 |  |  | (6.6 | ) |  | 34.1 |  |  | (27.5 | ) |  | 8.0 |
Income (loss) from continuing operations | 12.6 |  |  | (12.4 | ) |  | 61.6 |  |  | (49.2 | ) |  | 12.6 |
Income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) | 12.6 |  |  | (12.4 | ) |  | 61.6 |  |  | (49.2 | ) |  | 12.6 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 2.6 |  |  | — |  |  | 2.6 |
Net income (loss) attributable to ATI | $ | 12.6 |  |  | $ | (12.4 | ) |  | $ | 59.0 |  |  | $ | (49.2 | ) |  | $ | 10.0 |
Comprehensive income (loss) attributable to ATI | $ | 13.0 |  |  | $ | (9.1 | ) |  | $ | 37.8 |  |  | $ | (31.1 | ) |  | $ | 10.6 |
Statements of Operations and Comprehensive Income For the three months ended March 31, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 427.9 |  |  | $ | 559.4 |  |  | $ | — |  |  | $ | 987.3 |
Cost of sales | 12.3 |  |  | 439.6 |  |  | 465.2 |  |  | — |  |  | 917.1 |
Selling and administrative expenses | 27.1 |  |  | 10.1 |  |  | 30.5 |  |  | — |  |  | 67.7 |
Income (loss) before interest, other income and income taxes | (39.4 | ) |  | (21.8 | ) |  | 63.7 |  |  | — |  |  | 2.5 |
Interest income (expense), net | (28.5 | ) |  | (10.6 | ) |  | 10.0 |  |  | — |  |  | (29.1 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 41.9 |  |  | 0.3 |  |  | 0.6 |  |  | (42.2 | ) |  | 0.6 |
Income (loss) from continuing operations before income tax provision (benefit) | (26.0 | ) |  | (32.1 | ) |  | 74.3 |  |  | (42.2 | ) |  | (26.0 | )
Income tax provision (benefit) | (10.0 | ) |  | (11.3 | ) |  | 26.4 |  |  | (15.1 | ) |  | (10.0 | )
Income (loss) from continuing operations | (16.0 | ) |  | (20.8 | ) |  | 47.9 |  |  | (27.1 | ) |  | (16.0 | )
Income (loss) from discontinued operations, net of tax | (1.9 | ) |  | — |  |  | (1.9 | ) |  | 1.9 |  |  | (1.9 | )
Net income (loss) | (17.9 | ) |  | (20.8 | ) |  | 46.0 |  |  | (25.2 | ) |  | (17.9 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 2.1 |  |  | — |  |  | 2.1 |
Net income (loss) attributable to ATI | $ | (17.9 | ) |  | $ | (20.8 | ) |  | $ | 43.9 |  |  | $ | (25.2 | ) |  | $ | (20.0 | )
Comprehensive income (loss) attributable to ATI | $ | (0.8 | ) |  | $ | (18.8 | ) |  | $ | 42.5 |  |  | $ | (23.9 | ) |  | $ | (1.0 | )
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows For the three months ended March 31, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities | $ | (26.3 | ) |  | $ | (42.3 | ) |  | $ | 80.6 |  |  | $ | — |  |  | $ | 12.0 |
Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (9.1 | ) |  | (13.5 | ) |  | — |  |  | (22.6 | )
Net receipts/(payments) on intercompany activity | — |  |  | — |  |  | (96.9 | ) |  | 96.9 |  |  | — |
Asset disposals and other | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Cash flows provided by (used in) investing activities | — |  |  | (9.0 | ) |  | (110.4 | ) |  | 96.9 |  |  | (22.5 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Net receipts/(payments) on intercompany activity | 47.4 |  |  | 49.5 |  |  | — |  |  | (96.9 | ) |  | — |
Dividends paid to stockholders | (19.3 | ) |  | — |  |  | — |  |  | — |  |  | (19.3 | )
Other | (1.5 | ) |  | — |  |  | (0.2 | ) |  | — |  |  | (1.7 | )
Cash flows provided by (used in) financing activities | 26.6 |  |  | 49.5 |  |  | (0.2 | ) |  | (96.9 | ) |  | (21.0 | )
Increase (decrease) in cash and cash equivalents | $ | 0.3 |  |  | $ | (1.8 | ) |  | $ | (30.0 | ) |  | $ | — |  |  | $ | (31.5 | )
Condensed Statements of Cash Flows For the three months ended March 31, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities | $ | (29.7 | ) |  | $ | (125.6 | ) |  | $ | 98.4 |  |  | $ | — |  |  | $ | (56.9 | )
Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (26.3 | ) |  | (13.3 | ) |  | — |  |  | (39.6 | )
Purchase of business, net of cash acquired | — |  |  | — |  |  | (71.1 | ) |  | — |  |  | (71.1 | )
Net receipts/(payments) on intercompany activity | — |  |  | — |  |  | (208.9 | ) |  | 208.9 |  |  | — |
Asset disposals and other | — |  |  | 1.4 |  |  | 0.4 |  |  | — |  |  | 1.8 |
Cash flows provided by (used in) investing activities | — |  |  | (24.9 | ) |  | (292.9 | ) |  | 208.9 |  |  | (108.9 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Net receipts/(payments) on intercompany activity | 58.9 |  |  | 150.0 |  |  | — |  |  | (208.9 | ) |  | — |
Dividends paid to stockholders | (19.3 | ) |  | — |  |  | — |  |  | — |  |  | (19.3 | )
Other | (4.0 | ) |  | — |  |  | — |  |  | — |  |  | (4.0 | )
Cash flows provided by (used in) financing activities | 35.6 |  |  | 150.0 |  |  | — |  |  | (208.9 | ) |  | (23.3 | )
Increase (decrease) in cash and cash equivalents | $ | 5.9 |  |  | $ | (0.5 | ) |  | $ | (194.5 | ) |  | $ | — |  |  | $ | (189.1 | )

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