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Business Segments (Tables)

12 Months Ended

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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