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Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule Of Accumulated Other Comprehensive Income Loss | The changes in AOCI by component, net of tax, for the three month period ended September 30, 2023 were as follows (in millions):
| Post- retirement benefit plans |  | Currency translation adjustment |  | Derivatives |  | Deferred Tax Asset Valuation Allowance |  | Total
Attributable to ATI: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, June 30, 2023 | $ | (712.0) |  |  | $ | (73.6) |  |  | $ | (1.1) |  |  | $ | 70.4 |  |  | $ | (716.3) |
OCI before reclassifications |  | — |  |  |  | (7.1) |  |  |  | (2.4) |  |  |  | — |  |  | (9.5) |
Amounts reclassified from AOCI | (a) | 12.1 |  |  | (b) | — |  |  | (c) | 1.4 |  |  | (d) | 3.4 |  |  | 16.9 |
Net current-period OCI |  | 12.1 |  |  |  | (7.1) |  |  |  | (1.0) |  |  |  | 3.4 |  |  | 7.4 |
Balance, September 30, 2023 | $ | (699.9) |  |  | $ | (80.7) |  |  | $ | (2.1) |  |  | $ | 73.8 |  |  | $ | (708.9) |
Attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, June 30, 2023 | $ | — |  |  | $ | 6.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 6.4 |
OCI before reclassifications |  | — |  |  |  | (2.1) |  |  |  | — |  |  |  | — |  |  | (2.1) |
Amounts reclassified from AOCI |  | — |  |  | (b) | — |  |  |  | — |  |  |  | — |  |  | — |
Net current-period OCI |  | — |  |  |  | (2.1) |  |  |  | — |  |  |  | — |  |  | (2.1) |
Balance, September 30, 2023 | $ | — |  |  | $ | 4.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 4.3 |
The changes in AOCI by component, net of tax, for the nine month period ended September 30, 2023 were as follows (in millions):
| Post- retirement benefit plans |  | Currency translation adjustment |  | Derivatives |  | Deferred Tax Asset Valuation Allowance |  | Total
Attributable to ATI: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2022 | $ | (736.1) |  |  | $ | (70.1) |  |  | $ | 13.5 |  |  | $ | 67.5 |  |  | $ | (725.2) |
OCI before reclassifications |  | — |  |  |  | (10.6) |  |  |  | (15.7) |  |  |  | — |  |  | (26.3) |
Amounts reclassified from AOCI | (a) | 36.2 |  |  | (b) | — |  |  | (c) | 0.1 |  |  | (d) | 6.3 |  |  | 42.6 |
Net current-period OCI |  | 36.2 |  |  |  | (10.6) |  |  |  | (15.6) |  |  |  | 6.3 |  |  | 16.3 |
Balance, September 30, 2023 | $ | (699.9) |  |  | $ | (80.7) |  |  | $ | (2.1) |  |  | $ | 73.8 |  |  | $ | (708.9) |
Attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2022 | $ | — |  |  | $ | 7.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.7 |
OCI before reclassifications |  | — |  |  |  | (3.4) |  |  |  | — |  |  |  | — |  |  | (3.4) |
Amounts reclassified from AOCI |  | — |  |  | (b) | — |  |  |  | — |  |  |  | — |  |  | — |
Net current-period OCI |  | — |  |  |  | (3.4) |  |  |  | — |  |  |  | — |  |  | (3.4) |
Balance, September 30, 2023 | $ | — |  |  | $ | 4.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 4.3 |
(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11). (b)No amounts were reclassified to earnings. (c)Amounts related to derivatives are included in sales, cost of goods sold or interest expense in the period or periods the hedged item affects earnings (see Note 8). (d)Represents the net change in deferred tax asset valuation allowances on changes in AOCI balances between the balance sheet dates. The changes in AOCI by component, net of tax, for the three month period ended September 30, 2022 were as follows (in millions):
| Post- retirement benefit plans |  | Currency translation adjustment |  | Derivatives |  | Deferred Tax Asset Valuation Allowance |  | Total
Attributable to ATI: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, June 30, 2022 | $ | (883.0) |  |  | $ | (65.1) |  |  | $ | 16.8 |  |  | $ | 22.4 |  |  | $ | (908.9) |
OCI before reclassifications |  | — |  |  |  | (20.6) |  |  |  | 5.8 |  |  |  | — |  |  | (14.8) |
Amounts reclassified from AOCI | (a) | 14.5 |  |  | (c) | — |  |  | (d) | (5.4) |  |  | (e) | 4.7 |  |  | 13.8 |
Net current-period OCI |  | 14.5 |  |  |  | (20.6) |  |  |  | 0.4 |  |  |  | 4.7 |  |  | (1.0) |
Balance, September 30, 2022 | $ | (868.5) |  |  | $ | (85.7) |  |  | $ | 17.2 |  |  | $ | 27.1 |  |  | $ | (909.9) |
Attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, June 30, 2022 | $ | — |  |  | $ | 17.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 17.0 |
OCI before reclassifications |  | — |  |  |  | (9.4) |  |  |  | — |  |  |  | — |  |  | (9.4) |
Amounts reclassified from AOCI |  | — |  |  | (c) | — |  |  |  | — |  |  |  | — |  |  | — |
Net current-period OCI |  | — |  |  |  | (9.4) |  |  |  | — |  |  |  | — |  |  | $ | (9.4) |
Balance, September 30, 2022 | $ | — |  |  | $ | 7.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.6 |
The changes in AOCI by component, net of tax, for the nine month period ended September 30, 2022 were as follows (in millions):
| Post- retirement benefit plans |  | Currency translation adjustment |  | Derivatives |  | Deferred Tax Asset Valuation Allowance |  | Total
Attributable to ATI: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2021 | $ | (947.7) |  |  | $ | (64.9) |  |  | $ | 5.1 |  |  | $ | 15.8 |  |  | $ | (991.7) |
OCI before reclassifications |  | — |  |  |  | (40.8) |  |  |  | 36.8 |  |  |  | — |  |  | (4.0) |
Amounts reclassified from AOCI | (a) | 79.2 |  |  | (b) | 20.0 |  |  | (d) | (24.7) |  |  | (e) | 11.3 |  |  | 85.8 |
Net current-period OCI |  | 79.2 |  |  |  | (20.8) |  |  |  | 12.1 |  |  |  | 11.3 |  |  | 81.8 |
Balance, September 30, 2022 | $ | (868.5) |  |  | $ | (85.7) |  |  | $ | 17.2 |  |  | $ | 27.1 |  |  | $ | (909.9) |
Attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2021 | $ | — |  |  | $ | 26.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 26.0 |
OCI before reclassifications |  | — |  |  |  | (18.4) |  |  |  | — |  |  |  | — |  |  | (18.4) |
Amounts reclassified from AOCI |  | — |  |  | (c) | — |  |  |  | — |  |  |  | — |  |  | — |
Net current-period OCI |  | — |  |  |  | (18.4) |  |  |  | — |  |  |  | — |  |  | $ | (18.4) |
Balance, September 30, 2022 | $ | — |  |  | $ | 7.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.6 |
(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11) and/or loss on asset sales and sales of businesses, net, as part of the loss on sale of the Sheffield, UK operations. (b)Amounts were included in loss on asset sales and sales of businesses, net, as part of the loss on sale of the Sheffield, UK operations. (c)No amounts were reclassified to earnings. (d)Amounts related to derivatives are included in sales, cost of goods sold or interest expense in the period or periods the hedged item affects earnings (see Note 8). (e)Represents the net change in deferred tax asset valuation allowances on changes in AOCI balances between the balance sheet dates.
Reclassification out of Accumulated Other Comprehensive Income | Reclassifications out of AOCI for the three and nine month periods ended September 30, 2023 and 2022 were as follows:
Details about AOCI Components (In millions) | Three months ended September 30, 2023 |  | Three months ended September 30, 2022 |  | Nine months ended September 30, 2023 |  | Nine months ended September 30, 2022 |  | Affected line item in the statements of operations
Postretirement benefit plans |  |  |  |  |  |  |  |  |
Prior service credit | $ | 0.1 |  |  | 0.1 |  |  | $ | 0.4 |  |  | $ | 0.4 |  | (a) |
Actuarial losses | (16.0) |  |  | (19.1) |  |  | (47.8) |  |  | (57.6) |  | (a) |
Settlement loss | — |  |  | — |  |  | — |  |  | (29.5) |  | (b) |
| (15.9) |  |  | (19.0) |  |  | (47.4) |  |  | (86.7) |  | (d) | Total before tax
| (3.8) |  |  | (4.5) |  |  | (11.2) |  |  | (7.5) |  |  | Tax expense (benefit) (e)
| $ | (12.1) |  |  | $ | (14.5) |  |  | $ | (36.2) |  |  | $ | (79.2) |  |  | Net of tax
Currency translation adjustment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (20.0) |  | (b,d) |
Derivatives |  |  |  |  |  |  |  |  |
Nickel and other raw material contracts | $ | (0.5) |  |  | $ | 1.0 |  |  | $ | 4.6 |  |  | $ | 20.1 |  | (c) |
Natural gas contracts | (1.8) |  |  | 5.4 |  |  | (6.0) |  |  | 12.0 |  | (c) |
Foreign exchange contracts | 0.2 |  |  | 0.7 |  |  | 0.3 |  |  | 0.8 |  | (c) |
Interest rate swap | 0.3 |  |  | — |  |  | 1.0 |  |  | (0.4) |  | (c) |
| (1.8) |  |  | 7.1 |  |  | (0.1) |  |  | 32.5 |  | (d) | Total before tax
| (0.4) |  |  | 1.7 |  |  | — |  |  | 7.8 |  |  | Tax expense (benefit) (e)
| $ | (1.4) |  |  | $ | 5.4 |  |  | $ | (0.1) |  |  | $ | 24.7 |  |  | Net of tax
(a)Amounts are reported in nonoperating retirement benefit expense (see Note 11). (b)Amounts in 2022 were included in loss on asset sales and sales of businesses, net, as part of the loss on sale of the Sheffield UK operations. (c)Amounts related to derivatives, with the exception of the interest rate swap, are included in sales or cost of goods sold in the period or periods the hedged item affects earnings. Amounts related to the interest rate swap are included in interest expense in the same period as the interest expense on the Term Loan is recognized in earnings (see Note 8). (d)For pre-tax items, positive amounts are income and negative amounts are expense in terms of the impact to net income. Tax effects are presented in conformity with ATI’s presentation in the consolidated statements of operations. (e)These amounts exclude the impact of any deferred tax asset valuation allowances, when applicable.

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