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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and Item 402(v) of Regulation S-K, we provide the following disclosure regarding executive compensation and Company performance for the years listed below. For further information concerning ATI’s variable pay-for-performance philosophy and how ATI aligns executive compensation with its performance, see “Executive Compensation — Compensation Discussion and Analysis.” Our Personnel and Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
                                                                 
Year
  
Summary
Compensation Table
total for CEO ($)
(1)
    
Compensation
actually paid to
CEO ($)
(2)
    
Average Summary
Compensation
Table total for
non-CEO
NEOs
($)
(3)
     
Average
Compensation
actually paid to
non-CEO

NEOs ($)
(4)
    
Value of initial fixed $100
investment based on:
    
Net Income ($)
    
ATI Adjusted
EBITDA ($)
(7)
  
 
Total share-
holder return ($)
    
Peer group total
share-holder
return ($)
(5)
  
                 
2022     10,996,223       32,078,989       4,406,456        11,729,276       144.53       132.42       146,500,000       549,300,000  
                 
2021     7,590,345       6,677,580       2,792,700        2,480,715       77,11       149.62       (16,200,000 )      290,900,000  
                 
2020     5,710,651       1,229,666       2,107,531        692,423       81.17       116.49       (1,559,600,000 )      196,300,000  
 
(1)
Reflects total compensation for our CEO, Robert S. Wetherbee, who is our “Principal Executive Officer,” as determined in accordance with Item 402(c) of Regulation
S-K
and (“Item 402(c)”) and reflected on the Company’s 2022 Summary Compensation Table as shown on page 69 of this Proxy Statement (the “Summary Compensation Table”) for 2022, 2021 and 2020 as indicated.
 
(2)
For a reconciliation of Compensation Actually Paid to Total Compensation as reflected on the Summary
Compensation
Table for Mr Wetherbee, see the immediately following table under the headings “Compensation Actually Paid to CEO.”
 
(3)
Reflects the average total compensation for our
non-CEO
NEOs as determined in accordance with Item 402(c) and reflected in the Summary Compensation Table for 2022, 2021 and 2020 as indicated. Compensation paid to the following executive officers is included in the average amounts shown for each such year:
 
  
2022: Kimberly A. Fields; Donald P. Newman, Kevin B. Kramer and Elliot S. Davis
 
  
2021: Ms. Fields and Messrs. Newman, Kramer and Davis
 
  
2020: Ms. Fields and Messrs. Newman and Kramer, as well as John D. Sims, former Executive Vice President for the Company’s HPMC business who retired in
mid-2021
and Patrick J. DeCourcy, former Senior Vice President, Finance and Chief Financial Officer, who retired in January 2020.
 
(4)
For a reconciliation of average Compensation Actually Paid to average Total Compensation as reflected on the Summary Compensation Table for our
non-CEO
NEOs, see the table below under the heading “Compensation Actually Paid to
Non-CEO
NEOs.”
 
(5)
The peer group used for the purposes of this table is the S&P MidCap 400 Industrials Index.
 
(6)
The Company Selected Measure for purposes of this table is ATI Adjusted EBITDA.
“Compensation Actually Paid,” as determined under applicable SEC rules, reflects adjusted values for unvested and vested equity awards during the years shown in the table based on
year-end
stock prices, various accounting valuation assumptions, and other adjustments. As a result, Compensation Actually Paid fluctuates, potentially significantly, based on changes in our stock price and other assumed values and does not reflect the actual value realized by our CEO or any of our NEOs in connection with the vesting of those awards.
The following table sets forth the adjustments made during each year represented in the Pay Versus Performance Table to arrive at compensation “actually paid” to our CEO during each of the years in question:
Compensation Actually Paid to CEO
 
                                                         
Year
  
Amounts Reflected in
Summary Compensation Table ($)
    
YE Fair Value of
Equity Compensation
granted in
Current Year ($)
(4)
    
Change in CY Fair
Value of Unvested
Prior Year Equity
Awards ($)
(5)
    
Change in CY Fair
Value of Equity
Awards Vesting
in CY ($)
(5)
     
Compensation
Actually
Paid ($)
  
 
Total
Compensation
(1)
    
Pension
Value
(2)
     
Equity Value
(3)
  
               
2022     10,996,223       —        (7,555,702)       18,204,232       8,330,568       2,103,668        32,078,989  
               
2021     7,590,345       —        (4,428,259)       3,040,422       (43,181)       518,253        6,677,580  
               
2020     5,710,651       (45,679)        (4,128,163)       1,035,179       (1,234,013)       (108,309)        1,229,666  
 
(1)
As determined in accordance with Item 402(c) and reflected on the Summary Compensation Table.
 
(2)
Amount shown for 2020 reflects the actuarial change in the present value of Mr. Wetherbee’s benefits under all defined benefit pension plans established by the Company, determined using interest rate and mortality rate assumptions consistent with those used in the Company’s financial statements. Effective December 31, 2014, the Company froze future benefit accruals in the ATI Pension Plan for all participating employees other than those in contractual employment arrangements. Also effective December 31, 2014, the Company froze the defined benefit-type
non-qualified
deferred compensation plans in which salaried employees participate, including the defined benefit portion of the ATI Benefit Restoration Plan in which Mr. Wetherbee participates. In 2020, the discount rate used was 2.6% and had the effect of increasing the pension benefit to Mr. Wetherbee.
 
(3)
Aggregate grant date fair value, determined in accordance with FASB ASC Topic 718, of awards made to Mr. Wetherbee under the Company’s LTIP in 2022, 2021 and 2020 as indicated. Grant date fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the applicable grant date.Grant date fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(4)
Aggregate
year-end
2022, 2021 and 2020 (as applicable) fair value of the awards described in footnote (3) above.
Year-end
fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the last trading day of the applicable year.
Year-end
fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(5)
Changes in fair value determined by comparing fair values determined in the manner described above with comparable prior year values.
 
 
The following table sets forth the adjustments made during each year represented in the Pay Versus Performance Table to arrive at compensation “actually paid” to our non-CEO NEOs during each of the years in question:
Compensation Actually Paid to
Non-CEO
NEOs
 
                                                                 
Year
  
Amounts Reflected in
Summary Compensation Table ($)
    
YE Fair Value of
Equity
Compensation
granted in Current
Year ($)
(4)
     
Change in CY Fair
Value of
Unvested Prior
Year Equity
Awards ($)
(5)
    
Change in CY
Fair Value of
Equity Awards
Vesting in CY
($)
(5)
    
Prior Year-End

Fair Value of
Equity Awards
Forfeited in CY
($)
(6)
    
Compensation
Actually Paid
($)
  
 
Total
Compensation
(1)
     
Pension Value
(2)
     
Equity Value
(3)
  
                 
2022     4,406,456        —        (2,766,323 )      6,781,978        2,710,245       596,920    
 
 
 
     11,729,276  
                 
2021     2,792,700        —        (1,392,976 )      1,003,087        (12,807 )      90,710    
 
 
 
     2,480,715  
                 
2020     2,107,531        (161,741 )       (1,108,151 )      393,196        (387,167 )      (86,442 )      (64,803 )      692,423  
 
(1)
As determined in accordance with Item 402(c) and reflected on the Summary Compensation Table
 
(2)
Amount shown for 2020 reflects the actuarial change in the present value of benefits for Mr. Sims, who retired in 2021, under all defined benefit pension plans established by the Company, determined using interest rate and mortality rate assumptions consistent with those used in the Company’s financial statements. Effective December 31, 2014, the Company froze future benefit accruals in the ATI Pension Plan for all participating employees other than those in contractual employment arrangements. Also effective December 31, 2014, the Company froze the defined benefit-type
non-qualified
deferred compensation plans in which salaried employees participate, including the defined benefit portion of the ATI Benefit Restoration Plan in which Mr. Sims participated. In 2020, the discount rate used was 2.6% and had the effect of increasing the pension benefit to Mr. Sims.
 
(3)
Average grant date fair value, determined in accordance with FASB ASC Topic 718, of awards made to NEOs under the Company’s LTIP in 2022, 2021 and 2020 as indicated. Grant date fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the applicable grant date. Grant date fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(4)
Average
year-end
2022, 2021 and 2020 (as applicable) fair value of the awards described in footnote (3) above.
Year-end
fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the last trading day of the applicable year.
Year-end
fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(5)
Changes in fair value determined by comparing fair values determined in the manner described above with comparable prior year values.
 
(6)
Includes amounts forfeited by Mr. DeCourcy in connection with his retirement.
   
Company Selected Measure Name ATI Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]
(3)
Reflects the average total compensation for our
non-CEO
NEOs as determined in accordance with Item 402(c) and reflected in the Summary Compensation Table for 2022, 2021 and 2020 as indicated. Compensation paid to the following executive officers is included in the average amounts shown for each such year:
 
  
2022: Kimberly A. Fields; Donald P. Newman, Kevin B. Kramer and Elliot S. Davis
 
  
2021: Ms. Fields and Messrs. Newman, Kramer and Davis
 
  
2020: Ms. Fields and Messrs. Newman and Kramer, as well as John D. Sims, former Executive Vice President for the Company’s HPMC business who retired in
mid-2021
and Patrick J. DeCourcy, former Senior Vice President, Finance and Chief Financial Officer, who retired in January 2020.
   
Peer Group Issuers, Footnote [Text Block] The peer group used for the purposes of this table is the S&P MidCap 400 Industrials Index.    
PEO Total Compensation Amount $ 10,996,223 $ 7,590,345 $ 5,710,651
PEO Actually Paid Compensation Amount $ 32,078,989 6,677,580 1,229,666
Adjustment To PEO Compensation, Footnote [Text Block]
Compensation Actually Paid to CEO
 
                                                         
Year
  
Amounts Reflected in
Summary Compensation Table ($)
    
YE Fair Value of
Equity Compensation
granted in
Current Year ($)
(4)
    
Change in CY Fair
Value of Unvested
Prior Year Equity
Awards ($)
(5)
    
Change in CY Fair
Value of Equity
Awards Vesting
in CY ($)
(5)
     
Compensation
Actually
Paid ($)
  
 
Total
Compensation
(1)
    
Pension
Value
(2)
     
Equity Value
(3)
  
               
2022     10,996,223       —        (7,555,702)       18,204,232       8,330,568       2,103,668        32,078,989  
               
2021     7,590,345       —        (4,428,259)       3,040,422       (43,181)       518,253        6,677,580  
               
2020     5,710,651       (45,679)        (4,128,163)       1,035,179       (1,234,013)       (108,309)        1,229,666  
 
(1)
As determined in accordance with Item 402(c) and reflected on the Summary Compensation Table.
 
(2)
Amount shown for 2020 reflects the actuarial change in the present value of Mr. Wetherbee’s benefits under all defined benefit pension plans established by the Company, determined using interest rate and mortality rate assumptions consistent with those used in the Company’s financial statements. Effective December 31, 2014, the Company froze future benefit accruals in the ATI Pension Plan for all participating employees other than those in contractual employment arrangements. Also effective December 31, 2014, the Company froze the defined benefit-type
non-qualified
deferred compensation plans in which salaried employees participate, including the defined benefit portion of the ATI Benefit Restoration Plan in which Mr. Wetherbee participates. In 2020, the discount rate used was 2.6% and had the effect of increasing the pension benefit to Mr. Wetherbee.
 
(3)
Aggregate grant date fair value, determined in accordance with FASB ASC Topic 718, of awards made to Mr. Wetherbee under the Company’s LTIP in 2022, 2021 and 2020 as indicated. Grant date fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the applicable grant date.Grant date fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(4)
Aggregate
year-end
2022, 2021 and 2020 (as applicable) fair value of the awards described in footnote (3) above.
Year-end
fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the last trading day of the applicable year.
Year-end
fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(5)
Changes in fair value determined by comparing fair values determined in the manner described above with comparable prior year values.
   
Non-PEO NEO Average Total Compensation Amount $ 4,406,456 2,792,700 2,107,531
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,729,276 2,480,715 692,423
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Compensation Actually Paid to
Non-CEO
NEOs
 
                                                                 
Year
  
Amounts Reflected in
Summary Compensation Table ($)
    
YE Fair Value of
Equity
Compensation
granted in Current
Year ($)
(4)
     
Change in CY Fair
Value of
Unvested Prior
Year Equity
Awards ($)
(5)
    
Change in CY
Fair Value of
Equity Awards
Vesting in CY
($)
(5)
    
Prior Year-End

Fair Value of
Equity Awards
Forfeited in CY
($)
(6)
    
Compensation
Actually Paid
($)
  
 
Total
Compensation
(1)
     
Pension Value
(2)
     
Equity Value
(3)
  
                 
2022     4,406,456        —        (2,766,323 )      6,781,978        2,710,245       596,920    
 
 
 
     11,729,276  
                 
2021     2,792,700        —        (1,392,976 )      1,003,087        (12,807 )      90,710    
 
 
 
     2,480,715  
                 
2020     2,107,531        (161,741 )       (1,108,151 )      393,196        (387,167 )      (86,442 )      (64,803 )      692,423  
 
(1)
As determined in accordance with Item 402(c) and reflected on the Summary Compensation Table
 
(2)
Amount shown for 2020 reflects the actuarial change in the present value of benefits for Mr. Sims, who retired in 2021, under all defined benefit pension plans established by the Company, determined using interest rate and mortality rate assumptions consistent with those used in the Company’s financial statements. Effective December 31, 2014, the Company froze future benefit accruals in the ATI Pension Plan for all participating employees other than those in contractual employment arrangements. Also effective December 31, 2014, the Company froze the defined benefit-type
non-qualified
deferred compensation plans in which salaried employees participate, including the defined benefit portion of the ATI Benefit Restoration Plan in which Mr. Sims participated. In 2020, the discount rate used was 2.6% and had the effect of increasing the pension benefit to Mr. Sims.
 
(3)
Average grant date fair value, determined in accordance with FASB ASC Topic 718, of awards made to NEOs under the Company’s LTIP in 2022, 2021 and 2020 as indicated. Grant date fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the applicable grant date. Grant date fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(4)
Average
year-end
2022, 2021 and 2020 (as applicable) fair value of the awards described in footnote (3) above.
Year-end
fair values for RSUs granted in each such year are based on the average of the high and low trading prices for a share of ATI stock on the last trading day of the applicable year.
Year-end
fair values for PSUs granted in each such year, including BPUs, were estimated using Monte Carlo simulations of stock price correlation, projected dividend yields and other variables over three-year time horizons matching the applicable PSU performance measurement periods.
 
(5)
Changes in fair value determined by comparing fair values determined in the manner described above with comparable prior year values.
 
(6)
Includes amounts forfeited by Mr. DeCourcy in connection with his retirement.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block] LOGO    
Compensation Actually Paid vs. Net Income [Text Block] LOGO    
Compensation Actually Paid vs. Company Selected Measure [Text Block] LOGO    
Tabular List [Table Text Block]
For 2022, the performance measures listed below were identified as the most important to ATI’s compensation-setting process for named executive officers. The importance of EBITDA and cash flow is reflected in our use of these measures when setting performance standards applicable to annual short-term incentive program, while the importance of both relative and absolute TSR are reflected in the performance criteria established for our longer-term, performance vested equity awards.
 
     
   
Performance Measures:
 
   
Other Factors We Consider:
 
   
Net Income
 
Adjusted EBITDA
 
Operating Cash Flow
 
Relative Total Shareholder Return
 
Absolute Total Shareholder Return
   
As discussed in greater detail in the “Compensation Discussion and Analysis” portion of this Proxy Statement, in addition to the performance measures listed here, our Personnel and Compensation Committee considers a range of factors in determining compensation, including among others: compensation levels among our benchmarking peer group; shareholder feedback; the advice of our independent compensation consultants and other advisors; our effectiveness in attracting and retaining the talent necessary to pursue our strategic goals; and the Committee’s overall evaluation of the individual performance of our CEO and each NEO, both in general and relative to their individual strategic goals for the year.
Reconciliations of Adjusted EBITDA to Net Income (Loss) Attributable to ATI (the most directly comparable GAAP measure) are provided (a) for 2022 and 2021, on page 32 of our Annual Report on Form 10-K for the year ended December 31, 2022, which we filed with the SEC on February 24, 2022 and (b) for 2020, on page 36 of our Annual Report on Form 10-K for the year ended December 31, 2021, which we filed with the SEC on February 25, 2022.
    
Total Shareholder Return Amount $ 144.53 7,711 81.17
Peer Group Total Shareholder Return Amount 132.42 149.62 116.49
Net Income (Loss) $ 146,500,000 $ (16,200,000) $ (1,559,600,000)
Company Selected Measure Amount 5,493,000 2,909,000 1,963,000
PEO Name Robert S. Wetherbee    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Net Income    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Operating Cash Flow    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Absolute Total Shareholder Return    
PEO [Member] | Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (45,679)
PEO [Member] | Equity Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (7,555,702) $ (4,428,259) (4,128,163)
PEO [Member] | Fair Value Of Equity Compensation Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 18,204,232 3,040,422 1,035,179
PEO [Member] | Change in Fair Value of Unvested Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 8,330,568 (43,181) (1,234,013)
PEO [Member] | Change in Fair Value of Vested Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,103,668 518,253 (108,309)
Non-PEO NEO [Member] | Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (161,741)
Non-PEO NEO [Member] | Equity Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,766,323) (1,392,976) (1,108,151)
Non-PEO NEO [Member] | Fair Value Of Equity Compensation Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,781,978 1,003,087 393,196
Non-PEO NEO [Member] | Change in Fair Value of Unvested Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,710,245 (12,807) (387,167)
Non-PEO NEO [Member] | Change in Fair Value of Vested Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 596,920 $ 90,710 (86,442)
Non-PEO NEO [Member] | Fail Value of Equity Awards Forfeited [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (64,803)