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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of sales by segment |
(In millions) |  | 2021 |  | 2020 |  | 2019
Total sales: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 1,248.3 |  |  | $ | 1,235.4 |  |  | $ | 2,054.2 |
Advanced Alloys & Solutions |  | 1,762.4 |  |  | 1,947.5 |  |  | 2,392.2 |
Total sales |  | 3,010.7 |  |  | 3,182.9 |  |  | 4,446.4 |
Intersegment sales: |  |  |  |  |  |
High Performance Materials & Components |  | 93.2 |  |  | 70.8 |  |  | 75.7 |
Advanced Alloys & Solutions |  | 117.7 |  |  | 130.0 |  |  | 248.2 |
Total intersegment sales |  | 210.9 |  |  | 200.8 |  |  | 323.9 |
Sales to external customers: |  |  |  |  |  |
High Performance Materials & Components |  | 1,155.1 |  |  | 1,164.6 |  |  | 1,978.5 |
Advanced Alloys & Solutions |  | 1,644.7 |  |  | 1,817.5 |  |  | 2,144.0 |
Total sales to external customers |  | $ | 2,799.8 |  |  | $ | 2,982.1 |  |  | $ | 4,122.5 |
Schedule of operating profit (loss) by segment |
(In millions) |  | 2021 |  | 2020* |  | 2019*
EBITDA: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 159.9 |  |  | $ | 129.6 |  |  | $ | 356.2 |
Advanced Alloys & Solutions |  | 191.7 |  |  | 115.0 |  |  | 172.6 |
Total segment EBITDA |  | 351.6 |  |  | 244.6 |  |  | 528.8 |
Corporate expenses |  | (55.9) |  |  | (40.9) |  |  | (65.3) |
Closed operations and other expenses |  | (4.8) |  |  | (7.4) |  |  | (24.0) |
Total ATI Adjusted EBITDA |  | 290.9 |  |  | 196.3 |  |  | 439.5 |
Depreciation & amortization |  | (143.9) |  |  | (143.3) |  |  | (151.1) |
Interest expense, net |  | (96.9) |  |  | (94.4) |  |  | (99.0) |
Restructuring and other credits (charges) (See Note 19) |  | 10.5 |  |  | (1,132.1) |  |  | (4.5) |
Strike related costs |  | (63.2) |  |  | — |  |  | — |
Retirement benefit settlement gain (See Note 14) |  | 64.9 |  |  | — |  |  | — |
Impairment of goodwill (See Note 5) |  | — |  |  | (287.0) |  |  | — |
Joint venture restructuring and impairment charge (See Note 7) |  | — |  |  | (2.4) |  |  | (11.4) |
Debt extinguishment charge (See Note 10) |  | (65.5) |  |  | (21.5) |  |  | (21.6) |
Gain on asset sales and sale of business, net |  | 13.8 |  |  | 2.5 |  |  | 84.6 |
Income (loss) before income taxes |  | $ | 10.6 |  |  | $ | (1,481.9) |  |  | $ | 236.5 |
*Years ended December 31, 2020 and 2019 reflect the change in inventory accounting method, as described in Note 1 of the Notes to the Consolidated Financial Statements. There were no adjustments to 2020 amounts as a result of this change.
Schedule of other financial information by segment | Certain additional information regarding the Company’s business segments is presented below:
(In millions) |  | 2021 |  | 2020 |  | 2019
Depreciation and amortization: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 75.0 |  |  | $ | 78.1 |  |  | $ | 84.6 |
Advanced Alloys & Solutions |  | 64.5 |  |  | 62.1 |  |  | 63.5 |
Other |  | 4.4 |  |  | 3.1 |  |  | 3.0 |
Total depreciation and amortization |  | $ | 143.9 |  |  | $ | 143.3 |  |  | $ | 151.1 |
Capital expenditures: |  |  |  |  |  |
High Performance Materials & Components |  | $ | 40.2 |  |  | $ | 83.1 |  |  | $ | 119.9 |
Advanced Alloys & Solutions |  | 110.6 |  |  | 45.9 |  |  | 47.4 |
Corporate |  | 1.8 |  |  | 7.5 |  |  | 0.9 |
Total capital expenditures |  | $ | 152.6 |  |  | $ | 136.5 |  |  | $ | 168.2 |
Identifiable assets: |  | 2021 |  | 2020* |  | 2019*
High Performance Materials & Components |  | $ | 1,624.8 |  |  | $ | 1,594.6 |  |  | $ | 2,162.8 |
Advanced Alloys & Solutions |  | 1,914.0 |  |  | 1,664.0 |  |  | 2,749.2 |
Corporate: |  |  |  |  |  |
Deferred Taxes |  | 6.3 |  |  | 5.1 |  |  | 64.5 |
Cash and cash equivalents and other |  | 740.1 |  |  | 771.2 |  |  | 658.1 |
Total assets |  | $ | 4,285.2 |  |  | $ | 4,034.9 |  |  | $ | 5,634.6 |
*December 31, 2020 and 2019 reflects the change in inventory accounting method, as described in Note 1 of the Notes to the Consolidated Financial Statements.
Schedule of company assets by country |
($ in millions) |  | 2021 |  | Percent of total |  | 2020 |  | Percent of total |  | 2019 |  | Percent of total
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,587.0 |  |  | 84 | % |  | $ | 3,356.8 |  |  | 83 | % |  | $ | 4,956.4 |  |  | 88 | %
China |  | 406.4 |  |  | 9 | % |  | 325.5 |  |  | 8 | % |  | 288.1 |  |  | 5 | %
United Kingdom |  | 153.9 |  |  | 4 | % |  | 122.4 |  |  | 3 | % |  | 141.3 |  |  | 3 | %
Other |  | 137.9 |  |  | 3 | % |  | 230.2 |  |  | 6 | % |  | 248.8 |  |  | 4 | %
Total Assets |  | $ | 4,285.2 |  |  | 100 | % |  | $ | 4,034.9 |  |  | 100 | % |  | $ | 5,634.6 |  |  | 100 | %

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- 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
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