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Financial Information for Subsidiary and Guarantor Parent (Tables) | 6 Months Ended
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Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets | Balance Sheets June 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 5.2 |  |  | $ | 14.9 |  |  | $ | 230.8 |  |  | $ | — |  |  | $ | 250.9 |
Accounts receivable, net | 0.1 |  |  | 168.0 |  |  | 425.3 |  |  | — |  |  | 593.4 |
Intercompany notes receivable | — |  |  | — |  |  | 2,515.5 |  |  | (2,515.5 | ) |  | — |
Inventories, net | — |  |  | 388.6 |  |  | 1,084.3 |  |  | — |  |  | 1,472.9 |
Prepaid expenses and other current assets | 7.0 |  |  | 9.8 |  |  | 49.5 |  |  | — |  |  | 66.3 |
Total current assets | 12.3 |  |  | 581.3 |  |  | 4,305.4 |  |  | (2,515.5 | ) |  | 2,383.5 |
Property, plant and equipment, net | 2.5 |  |  | 1,549.5 |  |  | 1,394.7 |  |  | — |  |  | 2,946.7 |
Cost in excess of net assets acquired | — |  |  | 126.6 |  |  | 654.9 |  |  | — |  |  | 781.5 |
Intercompany notes receivable | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investment in subsidiaries | 6,228.5 |  |  | 37.7 |  |  | — |  |  | (6,266.2 | ) |  | — |
Other assets | 22.9 |  |  | 30.9 |  |  | 303.8 |  |  | — |  |  | 357.6 |
Total assets | $ | 6,266.2 |  |  | $ | 2,326.0 |  |  | $ | 6,858.8 |  |  | $ | (8,981.7 | ) |  | $ | 6,469.3 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 3.4 |  |  | $ | 263.7 |  |  | $ | 220.4 |  |  | $ | — |  |  | $ | 487.5 |
Accrued liabilities | 42.8 |  |  | 59.8 |  |  | 211.8 |  |  | — |  |  | 314.4 |
Intercompany notes payable | 1,274.2 |  |  | 1,241.3 |  |  | — |  |  | (2,515.5 | ) |  | — |
Deferred income taxes | 67.8 |  |  | — |  |  | — |  |  | — |  |  | 67.8 |
Short-term debt and current portion of long-term debt | 0.7 |  |  | 0.1 |  |  | 17.5 |  |  | — |  |  | 18.3 |
Total current liabilities | 1,388.9 |  |  | 1,564.9 |  |  | 449.7 |  |  | (2,515.5 | ) |  | 888.0 |
Long-term debt | 1,350.9 |  |  | 150.2 |  |  | 1.6 |  |  | — |  |  | 1,502.7 |
Intercompany notes payable | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits | — |  |  | 147.1 |  |  | 250.0 |  |  | — |  |  | 397.1 |
Pension liabilities | 662.0 |  |  | 5.7 |  |  | 54.4 |  |  | — |  |  | 722.1 |
Deferred income taxes | 143.6 |  |  | — |  |  | — |  |  | — |  |  | 143.6 |
Other long-term liabilities | 20.1 |  |  | 21.0 |  |  | 61.9 |  |  | — |  |  | 103.0 |
Total liabilities | 3,565.5 |  |  | 2,088.9 |  |  | 817.6 |  |  | (2,715.5 | ) |  | 3,756.5 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 12.1 |  |  | — |  |  | 12.1 |
Total stockholders’ equity | 2,700.7 |  |  | 237.1 |  |  | 6,029.1 |  |  | (6,266.2 | ) |  | 2,700.7 |
Total liabilities and stockholders’ equity | $ | 6,266.2 |  |  | $ | 2,326.0 |  |  | $ | 6,858.8 |  |  | $ | (8,981.7 | ) |  | $ | 6,469.3 |
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 |
Statements of Operations and Comprehensive Income | Statements of Operations and Comprehensive Income For the three months ended June 30, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 513.8 |  |  | $ | 605.2 |  |  | $ | — |  |  | $ | 1,119.0 |
Cost of sales | 14.8 |  |  | 525.2 |  |  | 489.5 |  |  | — |  |  | 1,029.5 |
Selling and administrative expenses | 20.9 |  |  | 10.3 |  |  | 34.5 |  |  | — |  |  | 65.7 |
Income (loss) before interest, other income and income taxes | (35.7 | ) |  | (21.7 | ) |  | 81.2 |  |  | — |  |  | 23.8 |
Interest income (expense), net | (28.6 | ) |  | (11.2 | ) |  | 11.3 |  |  | — |  |  | (28.5 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 60.9 |  |  | 0.2 |  |  | 0.8 |  |  | (60.6 | ) |  | 1.3 |
Income (loss) from continuing operations before income tax provision (benefit) | (3.4 | ) |  | (32.7 | ) |  | 93.3 |  |  | (60.6 | ) |  | (3.4 | )
Income tax provision (benefit) | (2.9 | ) |  | (11.8 | ) |  | 38.6 |  |  | (26.8 | ) |  | (2.9 | )
Income (loss) from continuing operations | (0.5 | ) |  | (20.9 | ) |  | 54.7 |  |  | (33.8 | ) |  | (0.5 | )
Income (loss) from discontinued operations, net of tax | (0.2 | ) |  | — |  |  | (0.2 | ) |  | 0.2 |  |  | (0.2 | )
Net income (loss) | (0.7 | ) |  | (20.9 | ) |  | 54.5 |  |  | (33.6 | ) |  | (0.7 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 3.3 |  |  | — |  |  | 3.3 |
Net income (loss) attributable to ATI | $ | (0.7 | ) |  | $ | (20.9 | ) |  | $ | 51.2 |  |  | $ | (33.6 | ) |  | $ | (4.0 | )
Comprehensive income (loss) attributable to ATI | $ | 28.2 |  |  | $ | (18.8 | ) |  | $ | 60.2 |  |  | $ | (43.6 | ) |  | $ | 26.0 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations and Comprehensive Income For the six months ended June 30, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 941.7 |  |  | $ | 1,164.6 |  |  | $ | — |  |  | $ | 2,106.3 |
Cost of sales | 27.1 |  |  | 964.8 |  |  | 954.7 |  |  | — |  |  | 1,946.6 |
Selling and administrative expenses | 48.0 |  |  | 20.4 |  |  | 65.0 |  |  | — |  |  | 133.4 |
Income (loss) before interest, other income and income taxes | (75.1 | ) |  | (43.5 | ) |  | 144.9 |  |  | — |  |  | 26.3 |
Interest income (expense), net | (57.1 | ) |  | (21.8 | ) |  | 21.3 |  |  | — |  |  | (57.6 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 102.8 |  |  | 0.5 |  |  | 1.4 |  |  | (102.8 | ) |  | 1.9 |
Income (loss) from continuing operations before income tax provision (benefit) | (29.4 | ) |  | (64.8 | ) |  | 167.6 |  |  | (102.8 | ) | — |  | (29.4 | )
Income tax provision (benefit) | (12.9 | ) |  | (23.1 | ) |  | 65.0 |  |  | (41.9 | ) |  | (12.9 | )
Income (loss) from continuing operations | (16.5 | ) |  | (41.7 | ) |  | 102.6 |  |  | (60.9 | ) | — |  | (16.5 | )
Income (loss) from discontinued operations, net of tax | (2.1 | ) |  | — |  |  | (2.1 | ) |  | 2.1 |  |  | (2.1 | )
Net income (loss) | (18.6 | ) |  | (41.7 | ) |  | 100.5 |  |  | (58.8 | ) | — |  | (18.6 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 5.4 |  |  | — |  |  | 5.4 |
Net income (loss) attributable to ATI | $ | (18.6 | ) |  | $ | (41.7 | ) |  | $ | 95.1 |  |  | $ | (58.8 | ) | — |  | $ | (24.0 | )
Comprehensive income (loss) attributable to ATI | $ | 27.4 |  |  | $ | (37.6 | ) |  | $ | 102.7 |  |  | $ | (67.5 | ) |  | $ | 25.0 |
Statements of Operations and Comprehensive Income For the three months ended June 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 436.7 |  |  | $ | 585.8 |  |  | $ | — |  |  | $ | 1,022.5 |
Cost of sales | 10.6 |  |  | 429.0 |  |  | 505.9 |  |  | — |  |  | 945.5 |
Selling and administrative expenses | 21.4 |  |  | 9.4 |  |  | 41.6 |  |  | — |  |  | 72.4 |
Income (loss) before interest, other income and income taxes | (32.0 | ) |  | (1.7 | ) |  | 38.3 |  |  | — |  |  | 4.6 |
Interest income (expense), net | (28.6 | ) |  | (12.5 | ) |  | 14.3 |  |  | — |  |  | (26.8 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 39.0 |  |  | 0.2 |  |  | 0.5 |  |  | (39.1 | ) |  | 0.6 |
Income (loss) from continuing operations before income tax provision (benefit) | (21.6 | ) |  | (14.0 | ) |  | 53.1 |  |  | (39.1 | ) |  | (21.6 | )
Income tax provision (benefit) | (7.7 | ) |  | (4.6 | ) |  | 22.3 |  |  | (17.7 | ) |  | (7.7 | )
Income (loss) from continuing operations | (13.9 | ) |  | (9.4 | ) |  | 30.8 |  |  | (21.4 | ) |  | (13.9 | )
Income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) | (13.9 | ) |  | (9.4 | ) |  | 30.8 |  |  | (21.4 | ) |  | (13.9 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 2.5 |  |  | — |  |  | 2.5 |
Net income (loss) attributable to ATI | $ | (13.9 | ) |  | $ | (9.4 | ) |  | $ | 28.3 |  |  | $ | (21.4 | ) |  | $ | (16.4 | )
Comprehensive income (loss) attributable to ATI | $ | 10.1 |  |  | $ | (6.4 | ) |  | $ | 47.4 |  |  | $ | (44.0 | ) |  | $ | 7.1 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations and Comprehensive Income For the six months ended June 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 945.2 |  |  | $ | 1,202.8 |  |  | $ | — |  |  | $ | 2,148.0 |
Cost of sales | 12.8 |  |  | 933.0 |  |  | 1,015.7 |  |  | — |  |  | 1,961.5 |
Selling and administrative expenses | 47.2 |  |  | 21.1 |  |  | 67.2 |  |  | — |  |  | 135.5 |
Income (loss) before interest, other income and income taxes | (60.0 | ) |  | (8.9 | ) |  | 119.9 |  |  | — |  |  | 51.0 |
Interest income (expense), net | (56.6 | ) |  | (24.7 | ) |  | 27.8 |  |  | — |  |  | (53.5 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 115.6 |  |  | 0.6 |  |  | 1.1 |  |  | (115.8 | ) |  | 1.5 |
Income (loss) from continuing operations before income tax provision (benefit) | (1.0 | ) |  | (33.0 | ) |  | 148.8 |  |  | (115.8 | ) |  | (1.0 | )
Income tax provision (benefit) | 0.3 |  |  | (11.2 | ) |  | 56.4 |  |  | (45.2 | ) |  | 0.3 |
Income (loss) from continuing operations | (1.3 | ) |  | (21.8 | ) |  | 92.4 |  |  | (70.6 | ) |  | (1.3 | )
Income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) | (1.3 | ) |  | (21.8 | ) |  | 92.4 |  |  | (70.6 | ) |  | (1.3 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 5.1 |  |  | — |  |  | 5.1 |
Net income (loss) attributable to ATI | $ | (1.3 | ) |  | $ | (21.8 | ) |  | $ | 87.3 |  |  | $ | (70.6 | ) |  | $ | (6.4 | )
Comprehensive income (loss) attributable to ATI | $ | 23.1 |  |  | $ | (15.5 | ) |  | $ | 85.2 |  |  | $ | (75.1 | ) |  | $ | 17.7 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows For the six months ended June 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities | $ | (38.0 | ) |  | $ | (98.1 | ) |  | $ | 227.6 |  |  | $ | — |  |  | $ | 91.5 |
Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (26.0 | ) |  | (37.3 | ) |  | — |  |  | (63.3 | )
Purchases of businesses, net of cash acquired | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Net receipts/(payments) on intercompany activity | — |  |  | — |  |  | (206.4 | ) |  | 206.4 |  |  | — |
Asset disposals and other | — |  |  | 0.2 |  |  | (0.2 | ) |  | — |  |  | — |
Cash flows provided by (used in) investing activities | — |  |  | (25.8 | ) |  | (244.4 | ) |  | 206.4 |  |  | (63.8 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Net receipts/(payments) on intercompany activity | 81.3 |  |  | 125.1 |  |  | — |  |  | (206.4 | ) |  | — |
Dividends paid to stockholders | (38.6 | ) |  | — |  |  | — |  |  | — |  |  | (38.6 | )
Other | (1.7 | ) |  | (0.1 | ) |  | (5.9 | ) |  | — |  |  | (7.7 | )
Cash flows provided by (used in) financing activities | 41.0 |  |  | 125.0 |  |  | (5.9 | ) |  | (206.4 | ) |  | (46.3 | )
Increase (decrease) in cash and cash equivalents | $ | 3.0 |  |  | $ | 1.1 |  |  | $ | (22.7 | ) |  | $ | — |  |  | $ | (18.6 | )
Condensed Statements of Cash Flows For the six months ended June 30, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities | $ | (45.6 | ) |  | $ | (196.9 | ) |  | $ | 205.0 |  |  | $ | — |  |  | $ | (37.5 | )
Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (72.4 | ) |  | (25.5 | ) |  | — |  |  | (97.9 | )
Purchases of businesses, net of cash acquired | — |  |  | — |  |  | (92.5 | ) |  | — |  |  | (92.5 | )
Net receipts/(payments) on intercompany activity | — |  |  | — |  |  | (766.5 | ) |  | 766.5 |  |  | — |
Asset disposals and other | — |  |  | 1.5 |  |  | 0.6 |  |  | — |  |  | 2.1 |
Cash flows provided by (used in) investing activities | — |  |  | (70.9 | ) |  | (883.9 | ) |  | 766.5 |  |  | (188.3 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Payments on long-term debt and capital leases | (397.7 | ) |  | — |  |  | (5.7 | ) |  | — |  |  | (403.4 | )
Net receipts/(payments) on intercompany activity | 486.8 |  |  | 279.7 |  |  | — |  |  | (766.5 | ) |  | — |
Dividends paid to stockholders | (38.6 | ) |  | — |  |  | — |  |  | — |  |  | (38.6 | )
Other | (3.9 | ) |  | — |  |  | — |  |  | — |  |  | (3.9 | )
Cash flows provided by (used in) financing activities | 46.6 |  |  | 279.7 |  |  | (5.7 | ) |  | (766.5 | ) |  | (445.9 | )
Increase (decrease) in cash and cash equivalents | $ | 1.0 |  |  | $ | 11.9 |  |  | $ | (684.6 | ) |  | $ | — |  |  | $ | (671.7 | )

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