XML 18 R33.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Financial Information for Subsidiary and Guarantor Parent (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets | Balance Sheets September 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 5.4 |  |  | $ | 6.9 |  |  | $ | 185.2 |  |  | $ | — |  |  | $ | 197.5 |
Accounts receivable, net | 0.1 |  |  | 125.2 |  |  | 372.2 |  |  | — |  |  | 497.5 |
Intercompany notes receivable | — |  |  | — |  |  | 2,561.0 |  |  | (2,561.0 | ) |  | — |
Inventories, net | — |  |  | 303.8 |  |  | 1,052.3 |  |  | — |  |  | 1,356.1 |
Prepaid expenses and other current assets | 5.4 |  |  | 4.9 |  |  | 37.2 |  |  | — |  |  | 47.5 |
Total current assets | 10.9 |  |  | 440.8 |  |  | 4,207.9 |  |  | (2,561.0 | ) |  | 2,098.6 |
Property, plant and equipment, net | 2.3 |  |  | 1,557.2 |  |  | 1,378.7 |  |  | — |  |  | 2,938.2 |
Cost in excess of net assets acquired | — |  |  | 126.6 |  |  | 653.6 |  |  | — |  |  | 780.2 |
Intercompany notes receivable | — |  |  | — |  |  | 200.0 |  |  | (200.0 | ) |  | — |
Investment in subsidiaries | 6,150.7 |  |  | 37.7 |  |  | — |  |  | (6,188.4 | ) |  | — |
Other assets | 22.7 |  |  | 33.8 |  |  | 287.6 |  |  | — |  |  | 344.1 |
Total assets | $ | 6,186.6 |  |  | $ | 2,196.1 |  |  | $ | 6,727.8 |  |  | $ | (8,949.4 | ) |  | $ | 6,161.1 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 5.2 |  |  | $ | 160.7 |  |  | $ | 201.2 |  |  | $ | — |  |  | $ | 367.1 |
Accrued liabilities | 35.4 |  |  | 84.7 |  |  | 209.7 |  |  | — |  |  | 329.8 |
Intercompany notes payable | 1,386.6 |  |  | 1,174.4 |  |  | — |  |  | (2,561.0 | ) |  | — |
Deferred income taxes | 36.2 |  |  | — |  |  | — |  |  | — |  |  | 36.2 |
Short-term debt and current portion of long-term debt | 0.6 |  |  | 0.1 |  |  | 3.3 |  |  | — |  |  | 4.0 |
Total current liabilities | 1,464.0 |  |  | 1,419.9 |  |  | 414.2 |  |  | (2,561.0 | ) |  | 737.1 |
Long-term debt | 1,350.8 |  |  | 150.2 |  |  | 0.6 |  |  | — |  |  | 1,501.6 |
Intercompany notes payable | — |  |  | 200.0 |  |  | — |  |  | (200.0 | ) |  | — |
Accrued postretirement benefits | — |  |  | 248.2 |  |  | 140.7 |  |  | — |  |  | 388.9 |
Pension liabilities | 654.9 |  |  | 5.6 |  |  | 52.5 |  |  | — |  |  | 713.0 |
Deferred income taxes | 190.7 |  |  | — |  |  | — |  |  | — |  |  | 190.7 |
Other long-term liabilities | 20.7 |  |  | 20.9 |  |  | 70.6 |  |  | — |  |  | 112.2 |
Total liabilities | 3,681.1 |  |  | 2,044.8 |  |  | 678.6 |  |  | (2,761.0 | ) |  | 3,643.5 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 12.1 |  |  | — |  |  | 12.1 |
Total stockholders’ equity | 2,505.5 |  |  | 151.3 |  |  | 6,037.1 |  |  | (6,188.4 | ) |  | 2,505.5 |
Total liabilities and stockholders’ equity | $ | 6,186.6 |  |  | $ | 2,196.1 |  |  | $ | 6,727.8 |  |  | $ | (8,949.4 | ) |  | $ | 6,161.1 |
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 September 30, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 473.8 |  |  | $ | 595.8 |  |  | $ | — |  |  | $ | 1,069.6 |
Cost of sales | 7.8 |  |  | 465.0 |  |  | 499.8 |  |  | — |  |  | 972.6 |
Selling and administrative expenses | 27.5 |  |  | 12.2 |  |  | 29.0 |  |  | — |  |  | 68.7 |
Income (loss) before interest, other income and income taxes | (35.3 | ) |  | (3.4 | ) |  | 67.0 |  |  | — |  |  | 28.3 |
Interest income (expense), net | (26.4 | ) |  | (11.3 | ) |  | 12.5 |  |  | — |  |  | (25.2 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 65.8 |  |  | 0.4 |  |  | 0.5 |  |  | (65.7 | ) |  | 1.0 |
Income (loss) from continuing operations before income tax provision (benefit) | 4.1 |  |  | (14.3 | ) |  | 80.0 |  |  | (65.7 | ) |  | 4.1 |
Income tax provision (benefit) | 0.5 |  |  | (4.6 | ) |  | 23.4 |  |  | (18.8 | ) |  | 0.5 |
Income (loss) from continuing operations | 3.6 |  |  | (9.7 | ) |  | 56.6 |  |  | (46.9 | ) |  | 3.6 |
Income (loss) from discontinued operations, net of tax | (0.7 | ) |  | — |  |  | (0.7 | ) |  | 0.7 |  |  | (0.7 | )
Net income (loss) | 2.9 |  |  | (9.7 | ) |  | 55.9 |  |  | (46.2 | ) |  | 2.9 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Net income (loss) attributable to ATI | $ | 2.9 |  |  | $ | (9.7 | ) |  | $ | 52.3 |  |  | $ | (46.2 | ) |  | $ | (0.7 | )
Comprehensive income (loss) attributable to ATI | $ | 15.3 |  |  | $ | (7.8 | ) |  | $ | 34.1 |  |  | $ | (31.7 | ) |  | $ | 9.9 |
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations and Comprehensive Income For the nine months ended September 30, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 1,415.5 |  |  | $ | 1,760.4 |  |  | $ | — |  |  | $ | 3,175.9 |
Cost of sales | 34.9 |  |  | 1,429.8 |  |  | 1,454.5 |  |  | — |  |  | 2,919.2 |
Selling and administrative expenses | 75.5 |  |  | 32.6 |  |  | 94.0 |  |  | — |  |  | 202.1 |
Income (loss) before interest, other income and income taxes | (110.4 | ) |  | (46.9 | ) |  | 211.9 |  |  | — |  |  | 54.6 |
Interest income (expense), net | (83.5 | ) |  | (33.1 | ) |  | 33.8 |  |  | — |  |  | (82.8 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 168.6 |  |  | 0.9 |  |  | 1.9 |  |  | (168.5 | ) |  | 2.9 |
Income (loss) from continuing operations before income tax provision (benefit) | (25.3 | ) |  | (79.1 | ) |  | 247.6 |  |  | (168.5 | ) |  | (25.3 | )
Income tax provision (benefit) | (12.4 | ) |  | (27.7 | ) |  | 88.4 |  |  | (60.7 | ) |  | (12.4 | )
Income (loss) from continuing operations | (12.9 | ) |  | (51.4 | ) |  | 159.2 |  |  | (107.8 | ) |  | (12.9 | )
Income (loss) from discontinued operations, net of tax | (2.8 | ) |  | — |  |  | (2.8 | ) |  | 2.8 |  |  | (2.8 | )
Net income (loss) | (15.7 | ) |  | (51.4 | ) |  | 156.4 |  |  | (105.0 | ) |  | (15.7 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 9.0 |  |  | — |  |  | 9.0 |
Net income (loss) attributable to ATI | $ | (15.7 | ) |  | $ | (51.4 | ) |  | $ | 147.4 |  |  | $ | (105.0 | ) |  | $ | (24.7 | )
Comprehensive income (loss) attributable to ATI | $ | 42.7 |  |  | $ | (45.4 | ) |  | $ | 136.8 |  |  | $ | (99.2 | ) |  | $ | 34.9 |
Statements of Operations and Comprehensive Income For the three months ended September 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 286.3 |  |  | $ | 546.4 |  |  | $ | — |  |  | $ | 832.7 |
Cost of sales | 9.2 |  |  | 363.5 |  |  | 488.7 |  |  | — |  |  | 861.4 |
Selling and administrative expenses | 22.9 |  |  | 9.3 |  |  | 30.3 |  |  | — |  |  | 62.5 |
Income (loss) before interest, other income and income taxes | (32.1 | ) |  | (86.5 | ) |  | 27.4 |  |  | — |  |  | (91.2 | )
Interest income (expense), net | (29.5 | ) |  | (12.6 | ) |  | 14.6 |  |  | — |  |  | (27.5 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | (56.3 | ) |  | 0.2 |  |  | 0.7 |  |  | 56.2 |  |  | 0.8 |
Income (loss) from continuing operations before income tax provision (benefit) | (117.9 | ) |  | (98.9 | ) |  | 42.7 |  |  | 56.2 |  |  | (117.9 | )
Income tax provision (benefit) | 23.4 |  |  | (35.1 | ) |  | 11.0 |  |  | 24.1 |  |  | 23.4 |
Income (loss) from continuing operations | (141.3 | ) |  | (63.8 | ) |  | 31.7 |  |  | 32.1 |  |  | (141.3 | )
Income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) | (141.3 | ) |  | (63.8 | ) |  | 31.7 |  |  | 32.1 |  |  | (141.3 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 3.3 |  |  | — |  |  | 3.3 |
Net income (loss) attributable to ATI | $ | (141.3 | ) |  | $ | (63.8 | ) |  | $ | 28.4 |  |  | $ | 32.1 |  |  | $ | (144.6 | )
Comprehensive income (loss) attributable to ATI | $ | (163.5 | ) |  | $ | (60.5 | ) |  | $ | 16.7 |  |  | $ | 44.6 |  |  | $ | (162.7 | )
Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Operations and Comprehensive Income For the nine months ended September 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Sales | $ | — |  |  | $ | 1,231.5 |  |  | $ | 1,749.2 |  |  | $ | — |  |  | $ | 2,980.7 |
Cost of sales | 22.0 |  |  | 1,296.5 |  |  | 1,504.4 |  |  | — |  |  | 2,822.9 |
Selling and administrative expenses | 70.1 |  |  | 30.4 |  |  | 97.5 |  |  | — |  |  | 198.0 |
Income (loss) before interest, other income and income taxes | (92.1 | ) |  | (95.4 | ) |  | 147.3 |  |  | — |  |  | (40.2 | )
Interest income (expense), net | (86.1 | ) |  | (37.3 | ) |  | 42.4 |  |  | — |  |  | (81.0 | )
Other income (loss) including equity in income of unconsolidated subsidiaries | 59.3 |  |  | 0.8 |  |  | 1.8 |  |  | (59.6 | ) |  | 2.3 |
Income (loss) from continuing operations before income tax provision (benefit) | (118.9 | ) |  | (131.9 | ) |  | 191.5 |  |  | (59.6 | ) |  | (118.9 | )
Income tax provision (benefit) | 23.7 |  |  | (46.3 | ) |  | 67.4 |  |  | (21.1 | ) |  | 23.7 |
Income (loss) from continuing operations | (142.6 | ) |  | (85.6 | ) |  | 124.1 |  |  | (38.5 | ) |  | (142.6 | )
Income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) | (142.6 | ) |  | (85.6 | ) |  | 124.1 |  |  | (38.5 | ) |  | (142.6 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 8.4 |  |  | — |  |  | 8.4 |
Net income (loss) attributable to ATI | $ | (142.6 | ) |  | $ | (85.6 | ) |  | $ | 115.7 |  |  | $ | (38.5 | ) |  | $ | (151.0 | )
Comprehensive income (loss) attributable to ATI | $ | (140.4 | ) |  | $ | (76.0 | ) |  | $ | 101.9 |  |  | $ | (30.5 | ) |  | $ | (145.0 | )
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows For the nine months ended September 30, 2015
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities | $ | (61.3 | ) |  | $ | (171.1 | ) |  | $ | 341.3 |  |  | $ | — |  |  | $ | 108.9 |
Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (0.1 | ) |  | (45.0 | ) |  | (54.4 | ) |  | — |  |  | (99.5 | )
Purchases of businesses, net of cash acquired | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Net receipts/(payments) on intercompany activity | — |  |  | — |  |  | (333.3 | ) |  | 333.3 |  |  | — |
Asset disposals and other | — |  |  | 0.2 |  |  | (0.2 | ) |  | — |  |  | — |
Cash flows provided by (used in) investing activities | (0.1 | ) |  | (44.8 | ) |  | (388.4 | ) |  | 333.3 |  |  | (100.0 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Payments on long-term debt and capital leases | (0.4 | ) |  | (0.1 | ) |  | (22.8 | ) |  | — |  |  | (23.3 | )
Net receipts/(payments) on intercompany activity | 124.2 |  |  | 209.1 |  |  | — |  |  | (333.3 | ) |  | — |
Dividends paid to stockholders | (57.9 | ) |  | — |  |  | — |  |  | — |  |  | (57.9 | )
Other | (1.3 | ) |  | — |  |  | 1.6 |  |  | — |  |  | 0.3 |
Cash flows provided by (used in) financing activities | 64.6 |  |  | 209.0 |  |  | (21.2 | ) |  | (333.3 | ) |  | (80.9 | )
Increase (decrease) in cash and cash equivalents | $ | 3.2 |  |  | $ | (6.9 | ) |  | $ | (68.3 | ) |  | $ | — |  |  | $ | (72.0 | )
Condensed Statements of Cash Flows For the nine months ended September 30, 2014
(In millions) | Guarantor Parent |  | Subsidiary |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows provided by (used in) operating activities | $ | (60.0 | ) |  | $ | (263.2 | ) |  | $ | 285.0 |  |  | $ | — |  |  | $ | (38.2 | )
Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (0.1 | ) |  | (117.2 | ) |  | (40.2 | ) |  | — |  |  | (157.5 | )
Purchases of businesses, net of cash acquired | — |  |  | — |  |  | (92.5 | ) |  | — |  |  | (92.5 | )
Net receipts/(payments) on intercompany activity | — |  |  | — |  |  | (905.4 | ) |  | 905.4 |  |  | — |
Asset disposals and other | — |  |  | 1.6 |  |  | 0.3 |  |  | — |  |  | 1.9 |
Cash flows provided by (used in) investing activities | (0.1 | ) |  | (115.6 | ) |  | (1,037.8 | ) |  | 905.4 |  |  | (248.1 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Payments on long-term debt and capital leases | (397.8 | ) |  | (0.1 | ) |  | (16.8 | ) |  | — |  |  | (414.7 | )
Net receipts/(payments) on intercompany activity | 521.9 |  |  | 383.5 |  |  | — |  |  | (905.4 | ) |  | — |
Dividends paid to stockholders | (57.8 | ) |  | — |  |  | — |  |  | — |  |  | (57.8 | )
Other | (3.8 | ) |  | — |  |  | — |  |  | — |  |  | (3.8 | )
Cash flows provided by (used in) financing activities | 62.5 |  |  | 383.4 |  |  | (16.8 | ) |  | (905.4 | ) |  | (476.3 | )
Increase (decrease) in cash and cash equivalents | $ | 2.4 |  |  | $ | 4.6 |  |  | $ | (769.6 | ) |  | $ | — |  |  | $ | (762.6 | )

X
- Definition Condensed Statement of Income and Comprehensive Income [Table Text Block] + References No definition available. + Details
Name: | ati_CondensedStatementofIncomeandComprehensiveIncomeTableTextBlock
Namespace Prefix: | ati_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration