XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.21.2

Business Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment | Following is certain financial information with respect to the Company’s business segments for the periods indicated (in millions):
| Three months ended June 30, | Six months ended June 30,
| 2021 |  | 2020 | 2021 |  | 2020
Total sales: |  |  |  |  |  |
High Performance Materials & Components | $ | 318.7 |  |  | $ | 316.7 |  | $ | 583.9 |  |  | $ | 765.2 |
Advanced Alloys & Solutions | 339.4 |  |  | 506.2 |  | 815.4 |  |  | 1,093.8 |
| 658.1 |  |  | 822.9 |  | 1,399.3 |  |  | 1,859.0 |
Intersegment sales: |  |  |  |  |  |
High Performance Materials & Components | 18.1 |  |  | 16.0 |  | 42.4 |  |  | 44.2 |
Advanced Alloys & Solutions | 23.8 |  |  | 36.6 |  | 48.2 |  |  | 89.0 |
| 41.9 |  |  | 52.6 |  | 90.6 |  |  | 133.2 |
Sales to external customers: |  |  |  |  |  |
High Performance Materials & Components | 300.6 |  |  | 300.7 |  | 541.5 |  |  | 721.0 |
Advanced Alloys & Solutions | 315.6 |  |  | 469.6 |  | 767.2 |  |  | 1,004.8 |
| $ | 616.2 |  |  | $ | 770.3 |  | $ | 1,308.7 |  |  | $ | 1,725.8 |
| Three months ended June 30, |  | Six months ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
EBITDA: |  |  |  |  |  |  |
High Performance Materials & Components | $ | 37.2 |  |  | $ | 28.7 |  |  | $ | 61.8 |  |  | $ | 105.3 |
Advanced Alloys & Solutions | 36.0 |  |  | 33.4 |  |  | 85.7 |  |  | 74.5 |
Total segment EBITDA | 73.2 |  |  | 62.1 |  |  | 147.5 |  |  | 179.8 |
LIFO and net realizable value reserves | — |  |  | — |  |  | — |  |  | — |
Corporate expenses | (15.9) |  |  | (7.2) |  |  | (28.1) |  |  | (19.5) |
Closed operations and other income (expense) | (3.6) |  |  | 2.7 |  |  | (3.1) |  |  | (3.6) |
Total ATI Adjusted EBITDA | 53.7 |  |  | 57.6 |  |  | 116.3 |  |  | 156.7 |
Depreciation & amortization (a) | (36.3) |  |  | (35.6) |  |  | (72.4) |  |  | (72.9) |
Interest expense, net | (23.7) |  |  | (21.7) |  |  | (47.1) |  |  | (43.6) |
Restructuring and other credits (charges) (See Note 6) | 6.2 |  |  | (16.7) |  |  | 6.2 |  |  | (24.7) |
Strike related costs | (40.3) |  |  | — |  |  | (40.3) |  |  | — |
Impairment of goodwill | — |  |  | (287.0) |  |  | — |  |  | (287.0) |
Joint venture restructuring charge (See Note 5) | — |  |  | (2.4) |  |  | — |  |  | (2.4) |
Debt extinguishment charge (See Note 7) | — |  |  | (21.5) |  |  | — |  |  | (21.5) |
Gain on asset sales | — |  |  | — |  |  | — |  |  | 2.5 |
Loss before income taxes | $ | (40.4) |  |  | $ | (327.3) |  |  | $ | (37.3) |  |  | $ | (292.9) |
(a) The following is depreciation & amortization by each business segment:
| Three months ended June 30, |  | Six months ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
High Performance Materials & Components | $ | 19.2 |  |  | $ | 19.5 |  |  | $ | 38.8 |  |  | $ | 39.0 |
Advanced Alloys & Solutions | 16.1 |  |  | 15.3 |  | 31.6 |  |  | 32.3 |
Other | 1.0 |  |  | 0.8 |  | 2.0 |  |  | 1.6 |
| $ | 36.3 |  |  | $ | 35.6 |  |  | 72.4 |  |  | 72.9 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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