0001018963 us-gaap:TreasuryStockMember 2009-06-30 0001018963 us-gaap:RetainedEarningsMember 2009-06-30 0001018963 us-gaap:NoncontrollingInterestMember 2009-06-30 0001018963 us-gaap:CommonStockMember 2009-06-30 0001018963 us-gaap:AdditionalPaidInCapitalMember 2009-06-30 0001018963 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-06-30 0001018963 us-gaap:TreasuryStockMember 2008-12-31 0001018963 us-gaap:RetainedEarningsMember 2008-12-31 0001018963 us-gaap:NoncontrollingInterestMember 2008-12-31 0001018963 us-gaap:ComprehensiveIncomeMember 2008-12-31 0001018963 us-gaap:CommonStockMember 2008-12-31 0001018963 us-gaap:AdditionalPaidInCapitalMember 2008-12-31 0001018963 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-12-31 0001018963 us-gaap:TreasuryStockMember 2008-06-30 0001018963 us-gaap:RetainedEarningsMember 2008-06-30 0001018963 us-gaap:NoncontrollingInterestMember 2008-06-30 0001018963 us-gaap:CommonStockMember 2008-06-30 0001018963 us-gaap:AdditionalPaidInCapitalMember 2008-06-30 0001018963 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-06-30 0001018963 us-gaap:TreasuryStockMember 2007-12-31 0001018963 us-gaap:RetainedEarningsMember 2007-12-31 0001018963 us-gaap:NoncontrollingInterestMember 2007-12-31 0001018963 us-gaap:ComprehensiveIncomeMember 2007-12-31 0001018963 us-gaap:CommonStockMember 2007-12-31 0001018963 us-gaap:AdditionalPaidInCapitalMember 2007-12-31 0001018963 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2007-12-31 0001018963 us-gaap:RetainedEarningsMember 2009-01-01 2009-06-30 0001018963 us-gaap:NoncontrollingInterestMember 2009-01-01 2009-06-30 0001018963 us-gaap:ComprehensiveIncomeMember 2009-01-01 2009-06-30 0001018963 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-01-01 2009-06-30 0001018963 us-gaap:RetainedEarningsMember 2008-01-01 2008-06-30 0001018963 us-gaap:NoncontrollingInterestMember 2008-01-01 2008-06-30 0001018963 us-gaap:ComprehensiveIncomeMember 2008-01-01 2008-06-30 0001018963 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-01-01 2008-06-30 0001018963 2007-12-31 0001018963 2009-06-30 0001018963 2008-12-31 0001018963 2008-06-30 0001018963 2009-07-29 0001018963 2009-04-01 2009-06-30 0001018963 2008-04-01 2008-06-30 0001018963 us-gaap:TreasuryStockMember 2009-01-01 2009-06-30 0001018963 us-gaap:TreasuryStockMember 2008-01-01 2008-06-30 0001018963 us-gaap:AdditionalPaidInCapitalMember 2009-01-01 2009-06-30 0001018963 us-gaap:AdditionalPaidInCapitalMember 2008-01-01 2008-06-30 0001018963 2009-01-01 2009-06-30 0001018963 2008-01-01 2008-06-30 iso4217:USD xbrli:shares xbrli:shares iso4217:USD -13400000 9100000 -49200000 -10300000 36200000 36100000 -1100000 -1300000 -1200000 -1300000 false --12-31 2009-06-30 10-Q 0001018963 98073310 Yes Large Accelerated Filer Delaware 5930000000 ALLEGHENY TECHNOLOGIES INCORPORATED 251792394 No Yes ATI

278500000

236400000

322000000

229600000

-746500000

-594700000

651800000

641500000

4170400000

4321400000

1929400000

2018000000

623300000

310200000

469900000

850700000

-313100000

380800000

<div> <a name="_AUCe289d7120f814e819fb53c1c7d655b73"> Note 11.  Commitments and Contingencies</a>           The Company is subject to various domestic and international environmental laws and regulations that govern the discharge of pollutants and disposal of wastes, and which may require that it investigate and remediate the effects of the release or disposal of materials at sites associated with past and present operations. The Company could incur substantial cleanup costs, fines, and civil or criminal sanctions, third party property damage or personal injury claims as a result of violations or liabilities under these laws or noncompliance with environmental permits required at its facilities. The Company is currently involved in the investigation and remediation of a number of its current and former sites, as well as third party sites.           Environmental liabilities are recorded when the Company’s liability is probable and the costs are reasonably estimable. In many cases, however, the Company is not able to determine whether it is liable or, if liability is probable, to reasonably estimate the loss or range of loss. Estimates of the Company’s liability remain subject to additional uncertainties, including the nature and extent of site contamination, available remediation alternatives, the extent of corrective actions that may be required, and the number, participation, and financial condition of other potentially responsible parties (“PRPs”). The Company expects that it will adjust its accruals to reflect new information as appropriate. Future adjustments could have a material adverse effect on the Company’s results of operations in a given period, but the Company cannot reliably predict the amounts of such future adjustments.                 Based on currently available information, the Company does not believe that there is a reasonable possibility that a loss exceeding the amount already accrued for any of the sites with which the Company is currently associated (either individually or in the aggregate) will be an amount that would be material to a decision to buy or sell the Company’s securities. Future developments, administrative actions or liabilities relating to environmental matters, however, could have a material adverse effect on the Company’s financial condition or results of operations.           At June 30, 2009, the Company’s reserves for environmental remediation obligations totaled approximately $18 million, of which $8 million was included in other current liabilities. The reserve includes estimated probable future costs of $5 million for federal Superfund and comparable state-managed sites; $7 million for formerly owned or operated sites for which the Company has remediation or indemnification obligations; $3 million for owned or controlled sites at which Company operations have been discontinued; and $3 million for sites utilized by the Company in its ongoing operations. The Company continues to evaluate whether it may be able to recover a portion of future costs for environmental liabilities from third parties.           The timing of expenditures depends on a number of factors that vary by site. The Company expects that it will expend present accruals over many years and that remediation of all sites with which it has been identified will be completed within thirty years.           See Note 12. Commitments and Contingencies to the Company’s consolidated financial statements in the Company’s Annual Report on Form 10-K for its fiscal year ended December 31, 2008 for a discussion of legal proceedings affecting the Company.    <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">                A number of other lawsuits, claims and proceedings have been or may be asserted against the Company relating to the conduct of its currently and formerly owned businesses, including those pertaining to product liability, patent infringement, commercial, government contract work, employment, employee benefits, taxes, environmental and health and safety, and stockholder matters. While the outcome of litigation cannot be predicted with certainty, and some of these lawsuits, claims or proceedings may be determined adversely to the Company, management does not believe that the disposition of any such pending matters is likely to have a material adverse effect on the Company’s financial condition or liquidity, although the resolution in any reporting period of one or more of these matters could have a material adverse effect on the Company’s results of operations for that period. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

0.36

0.18

0.36

0.18

0.10

500000000

102404256

97330969

98073010

10200000

348700000

27800000

338700000

10000000

310900000

145600000

151800000

144300000

1300000

-7500000

2181700000

1128900000

1385700000

634800000

15200000

17500000

<div> <h4 style= "mso-pagination:widow-orphan;page-break-after:auto;tab-stops:31.5pt 318.0pt 5.0in 408.0pt 6.25in"> <a name="_AUC6776619220e14edaa05dfed0d9eb0a18"> Note 4.  Debt</a> </h4>   Debt at June 30, 2009 and December 31, 2008 was as follows (in millions):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> June 30, </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> December 31, </td> </tr> <tr style="mso-yfti-irow:1"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:2"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies $402.5 million 4.25% Convertible    Notes due 2014 </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   $       402.5 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   $       — </td> </tr> <tr style="mso-yfti-irow:4"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies $350 million 9.375% Notes due 2019 </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 350.0 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> — </td> </tr> <tr style="mso-yfti-irow:5"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies $300 million 8.375% Notes    due 2011, net (a) </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   118.1  </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   304.2 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Allegheny Ludlum 6.95% debentures due 2025 </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 150.0 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 150.0 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Domestic Bank Group $400 million unsecured credit agreement </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">            — </td> </tr> <tr style="mso-yfti-irow:8"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Promissory note for J&L asset acquisition </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 25.6 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 30.7 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Foreign credit agreements </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 18.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 15.6 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Industrial revenue bonds, due through 2020 </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 8.8 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 9.0 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 0.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 0.3 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Total short-term and long-term debt </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 1,073.4 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 509.8 </td> </tr> <tr style="mso-yfti-irow:13"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Short-term debt and current portion of long-term debt </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (17.5) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (15.2) </td> </tr> <tr style="mso-yfti-irow:14;mso-yfti-lastrow:yes"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Total long-term debt </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $    1,055.9 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $     494.6 </td> </tr> </table>   <![if !supportLists]>(a)         <![endif]>Includes fair value adjustments for settled interest rate swap contracts of $2.2 million at June 30, 2009 and $6.7 million at December 31, 2008.   Convertible Notes In June 2009, the Company issued and sold $402.5 million in aggregate principal amount of 4.25% Convertible Senior Notes due 2014 (the “Convertible Notes”).  Interest is payable semi-annually on June 1 and December 1 of each year.  The Convertible Notes were issued under ATI’s shelf registration statement and are not listed on any national securities exchange.  Net proceeds of $390.2 million from the sale of the Convertible Notes were used to make a $350 million voluntary cash contribution to the Company’s U.S. defined benefit pension plan, and the balance was used for general corporate purposes including funding of contributions to trusts established to fund retiree medical benefits. The Convertible Notes are unsecured and unsubordinated obligations of the Company and equally ranked with all of its existing and future senior unsecured debt. The underwriting fees and other third-party expenses for the issuance of the Convertible Notes were $12.3 million and will be amortized to interest expense over the 5-year term of the Convertible Notes. The Company does not have the right to redeem the Convertible Notes prior to the stated maturity date. Holders of the Convertible Notes have the option to convert their notes into shares of ATI common stock at any time prior to the close of business on the second scheduled trading day immediately preceding the stated maturity date (June 1, 2014). The initial conversion rate for the Convertible Notes is 23.9263 shares of ATI common stock per $1,000 (in whole dollars) principal amount of notes (9,630,335 shares), equivalent to a conversion price of approximately $41.795 per share, subject to adjustment, as defined in the Convertible Notes. Other than receiving cash in lieu of fractional shares, holders do not have the option to receive cash instead of shares of common stock upon conversion. Accrued and unpaid interest that exists upon conversion of a note will be deemed paid by the delivery of shares of ATI common stock and no cash payment or additional shares will be given to holders. If the Company undergoes a fundamental change, as defined in the Convertible Notes, holders may require the Company to repurchase all or a portion of their notes at a price equal to 100% of the principal amount of the notes to be purchased plus any accrued and unpaid interest up to, but excluding, the repurchase date.  Such a repurchase will be made in cash.   2019 Notes In June 2009, the Company issued $350 million in aggregate principal amount of 9.375% unsecured Senior Notes with a maturity of June 2019 (the “2019 Notes”).  Interest is payable semi-annually on June 1 and December 1 of each year. The 2019 Notes were issued under ATI’s shelf registration statement and are not listed on any national securities exchange. Net proceeds of $344.2 million from the sale of the 2019 Notes were used to retire $183.3 million of the Company’s 2011 Notes, as discussed below, and for general corporate purposes.  The underwriting fees, discount, and other third-party expenses for the issuance of the 2019 Notes were $5.8 million and will be amortized to interest expense over the 10-year term of the 2019 Notes.  The 2019 Notes are unsecured and unsubordinated obligations of the Company and equally ranked with all of its existing and future senior unsecured debt. The 2019 Notes restrict the Company’s ability to create certain liens, to enter into sale leaseback transactions, and to consolidate, merge or transfer all, or substantially all, of our assets.  The Company has the option to redeem the 2019 Notes, as a whole or in part, at any time or from time to time, on at least 30 days, but not more than 60 days, prior notice to the holders of the Notes at a redemption price specified in the 2019 Notes. The 2019 Notes are subject to repurchase upon the occurrence of a change in control repurchase event (as defined in the 2019 Notes) at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased, plus any accrued and unpaid interest on the 2019 Notes repurchased.   Retirement of 2011 Notes In June 2009, the Company completed a tender offer for the Company’s 8.375% Notes due in 2011 (the “2011 Notes”) of which $300 million in aggregate principal amount was outstanding prior to the tender offer. As a result of the tender offer, the Company retired $183.3 million of the 2011 Notes and recognized a pre-tax charge of $9.2 million in the 2009 second quarter for the costs of acquiring the 2011 Notes.  As of June 30, 2009, $116.7 million in face value of the 2011 Notes remain outstanding.   Amendment to Unsecured Credit Agreement In May 2009, the Company amended its $400 million domestic bank group credit agreement to redefine the two financial covenants to provide additional financial flexibility.  The amendment restates the definition of consolidated earnings before interest and taxes, and consolidated earnings before income, taxes, depreciation and amortization as used in the interest coverage and leverage ratios to exclude any non-cash pension expense or income and restates the definition of consolidated indebtedness used in the leverage ratio, which previously was based on gross indebtedness, to be net of cash on hand in excess of $50 million.  As of June 30, 2009, there had been no borrowings made under the facility, although a portion of the facility was used to support approximately $12 million in letters of credit.   The Company has an additional separate credit facility for the issuance of letters of credit.  As of June 30, 2009, $30 million in letters of credit was outstanding under this facility.   <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">In addition, STAL, the Company’s Chinese joint venture company in which ATI has a 60% interest, had approximately $5 million in letters of credit outstanding as of June 30, 2009 related to the expansion of its operations in Shanghai, China.  These letters of credit are supported solely by STAL’s financial capability without any guarantees from the joint venture partners. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

26900000

108300000

281600000

49900000

78200000

35300000

378200000

34500000

122200000

56500000

64400000

<div> <div class="Section1"> <a name="_AUC18d812ca99f24a4b9ddcba121353d92a">Note 6.  Derivative Financial Instruments and Hedging</a>   As part of its risk management strategy, the Company, from time-to-time, utilizes derivative financial instruments to manage its exposure to changes in raw material prices, energy costs, foreign currencies, and interest rates. In accordance with applicable accounting standards, the Company accounts for all of these contracts as hedges.  In general, hedge effectiveness is determined by examining the relationship between offsetting changes in fair value or cash flows attributable to the item being hedged, and the financial instrument being used for the hedge. Effectiveness is measured utilizing regression analysis and other techniques to determine whether the change in the fair market value or cash flows of the derivative exceeds the change in fair value or cash flow of the hedged item. Calculated ineffectiveness, if any, is immediately recognized on the statement of operations.   The Company sometimes uses futures and swap contracts to manage exposure to changes in prices for forecasted purchases of raw materials, such as nickel, and natural gas. Generally under these contracts, which are accounted for as cash flow hedges, the price of the item being hedged is fixed at the time that the contract is entered into and the Company is obligated to make or receive a payment equal to the net change between this fixed price and the market price at the date the contract matures. <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> The majority of ATI’s products are sold utilizing raw material surcharges and index mechanisms.  However, as of June 30, 2009, the Company had entered into financial hedging arrangements primarily at the request of its customers, related to firm orders, for approximately 6% of the Company’s total annual nickel requirements through 2010.  Any gain or loss associated with these hedging arrangements is included in the selling price to the customer requesting the hedge over the designated hedge period.      At June 30, 2009, the outstanding financial derivatives used to hedge the Company’s exposure to natural gas cost volatility represented approximately 40% of our forecasted requirements for the next three years.     While the majority of the Company’s direct export sales are transacted in U.S. dollars, foreign currency exchange contracts are used, from time-to-time, to limit transactional exposure to changes in currency exchange rates for those transactions denominated in a non-U.S. currency. The Company sometimes purchases foreign currency forward contracts that permit it to sell specified amounts of foreign currencies expected to be received from its export sales for pre-established U.S. dollar amounts at specified dates. The forward contracts are denominated in the same foreign currencies in which export sales are denominated. These contracts are designated as hedges of the variability in cash flows of a portion of the forecasted future export sales transactions which otherwise would expose the Company to foreign currency risk. At June 30, 2009, the outstanding financial derivatives used to hedge the Company’s exposure to foreign currency, primarily euros, represented approximately 7% of our forecasted total international sales through 2011.  In addition, the Company may also designate cash balances held in foreign currencies as hedges of forecasted foreign currency transactions.    The Company may enter into derivative interest rate contracts to maintain a reasonable balance between fixed- and floating-rate debt. There were no unsettled derivative financial instruments related to debt balances for the periods presented, although previously settled contracts remain a component of the recorded value of debt. See Note 4. Debt, for further information.   The fair values of the Company’s derivative financial instruments are presented below.  All fair values for these derivatives were measured using Level 2 information as defined by the accounting standard hierarchy, which includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs derived principally from or corroborated by observable market data.   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="649" style= "width:486.6pt;margin-left:4.8pt;border-collapse:collapse;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> (in millions) </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> June 30, </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> December 31, </td> </tr> <tr style="mso-yfti-irow:1;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> Asset derivatives </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> Balance sheet location </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> 2009 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:2;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Nickel and other raw material contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Prepaid expenses and other current assets </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> $     7.5 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> $       — </td> </tr> <tr style="mso-yfti-irow:3;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Foreign exchange contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Prepaid expenses and other current assets </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 5.6 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">        7.0 </td> </tr> <tr style="mso-yfti-irow:4;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Foreign exchange contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Other assets </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 6.7 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 10.2 </td> </tr> <tr style="mso-yfti-irow:5;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Nickel and other raw material contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Other assets </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> 3.9 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> — </td> </tr> <tr style="mso-yfti-irow:6;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Total asset derivatives </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> $   23.7 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> $     17.2 </td> </tr> <tr style="mso-yfti-irow:7;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:8;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.0pt"> Liability derivatives </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:9;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Natural gas contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Accrued liabilities </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> $   13.4 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> $     14.3 </td> </tr> <tr style="mso-yfti-irow:10;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Nickel and other raw material contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Accrued liabilities </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 3.6 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">      31.6 </td> </tr> <tr style="mso-yfti-irow:11;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Foreign exchange contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Accrued liabilities </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 0.1 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 0.2 </td> </tr> <tr style="mso-yfti-irow:12;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Natural gas contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Other long-term liabilities </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 9.1 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 10.0 </td> </tr> <tr style="mso-yfti-irow:13;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Nickel and other raw material contracts </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Other long-term liabilities </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> — </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> 5.4 </td> </tr> <tr style="mso-yfti-irow:14;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> Total liability derivatives </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;border-top: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> $   26.2 </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;border:none;border-top: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt"> $    61.5 </td> </tr> <tr style= "mso-yfti-irow:15;mso-yfti-lastrow:yes;height:12.0pt"> <td width="217" nowrap="nowrap" valign="bottom" style= "width:162.6pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="216" nowrap="nowrap" valign="bottom" style= "width:2.25in;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="18" nowrap="nowrap" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> <td width="90" nowrap="nowrap" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.0pt">   </td> </tr> </table> For derivative financial instruments that are designated as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (OCI) and reclassified into earnings in the same period or periods during which the hedged item affects earnings.  Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current period results.  The Company did not use fair value or net investment hedges for the periods presented.   </div><span style= "font-size:10.0pt; font-family:Times New Roman;mso-fareast-font-family:Times New Roman; mso-bidi-font-family:Courier New;mso-ansi-language:EN-US;mso-fareast-language: EN-US;mso-bidi-language:AR-SA">   Activity with regard to derivatives designated as cash flow hedges for the three and six month periods ended June 30, 2009 was as follows (in millions):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="709" style= "width:531.6pt;margin-left:4.8pt;border-collapse:collapse;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> </tr> <tr style="mso-yfti-irow:1;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Amount of Gain (Loss) </td> </tr> <tr style="mso-yfti-irow:2;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Amount of Gain (Loss) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Recognized in Income </td> </tr> <tr style="mso-yfti-irow:3;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Amount of Gain </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Reclassified from </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> on Derivatives (Ineffective </td> </tr> <tr style="mso-yfti-irow:4;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Derivatives in FAS 133 </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (Loss) Recognized in </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Accumulated OCI </td> <td width="114" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Portion and Amount </td> </tr> <tr style="mso-yfti-irow:5;height:12.75pt"> <td width="122" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Cash Flow Hedging </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> OCI on Derivatives </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> into Income </td> <td width="114" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Excluded from </td> </tr> <tr style="mso-yfti-irow:6;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> Relationships </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> (Effective Portion) </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> (Effective Portion) (a) </td> <td width="114" valign="bottom" style= "width:85.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> Effectiveness Testing) (b) </td> </tr> <tr style="mso-yfti-irow:7;height:12.75pt"> <td width="122" valign="bottom" style= "width:91.7pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Quarter ended </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Quarter ended </td> <td width="114" valign="bottom" style= "width:85.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Quarter ended </td> </tr> <tr style="mso-yfti-irow:8;height:12.75pt"> <td width="122" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> June 30, 2009 </td> <td width="96" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> June 30, 2009 </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:9;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Nickel and other raw material contracts </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $   16.2 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $    (5.5) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $      — </td> </tr> <tr style="mso-yfti-irow:10;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Natural gas contracts </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> 1.9 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (4.4) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">       — </td> </tr> <tr style="mso-yfti-irow:11;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Foreign exchange contracts </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> (5.4) </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> 1.6 </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> — </td> </tr> <tr style= "mso-yfti-irow:12;mso-yfti-lastrow:yes;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Total </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $   12.7 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $    (8.3) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $      — </td> </tr> </table>         <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="709" style= "width:531.6pt;margin-left:4.8pt;border-collapse:collapse;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.75pt"> <td width="122" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Six Months ended </td> <td width="96" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Six Months ended </td> <td width="114" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Six Months ended </td> </tr> <tr style="mso-yfti-irow:1;height:12.75pt"> <td width="122" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> June 30, 2009 </td> <td width="96" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> June 30, 2009 </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:2;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Nickel and other raw material contracts </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $   16.1 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $   (12.0) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $      — </td> </tr> <tr style="mso-yfti-irow:3;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Natural gas contracts </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (8.1) </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (9.1) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">       — </td> </tr> <tr style="mso-yfti-irow:4;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Foreign exchange contracts </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> 0.8 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> 3.7 </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> 0.6 </td> </tr> <tr style= "mso-yfti-irow:5;mso-yfti-lastrow:yes;height:12.75pt"> <td width="122" nowrap="nowrap" valign="bottom" style= "width:91.7pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Total </td> <td width="113" nowrap="nowrap" valign="bottom" style= "width:84.4pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $   8.8 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="126" nowrap="nowrap" valign="bottom" style= "width:94.5pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $    (17.4) </td> <td width="114" nowrap="nowrap" valign="bottom" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="138" nowrap="nowrap" valign="bottom" style= "width:103.5pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $      0.6 </td> </tr> </table>   <![if !supportLists]>(a)     <![endif]>The gains (losses) reclassified from accumulated OCI into income related to the effective portion of the derivatives are presented in cost of sales. <![if !supportLists]>(b)     <![endif]>The gains (losses) recognized in income on derivatives related to the ineffective portion and the amount excluded from effectiveness testing are presented in selling and administrative expenses.   Assuming market prices remain constant with the rates at June 30, 2009, a loss of $2.5 million is expected to be recognized over the next 12 months.   The disclosures of gains or losses presented above for nickel and other raw material contracts and foreign currency contracts do not take into account the anticipated underlying transactions.  Since these derivative contracts represent hedges, the net effect of any gain or loss on results of operations may be fully or partially offset.   <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">There are no credit risk-related contingent features in our derivative contracts, and the contracts contained no provisions under which we have posted, or would be required to post, collateral. The counterparties to our derivative contracts were substantial and creditworthy commercial banks that are recognized market makers. We control our credit exposure by diversifying across multiple counterparties and by monitoring credit ratings and credit default swap spreads of our counterparties. We also enter into master netting agreements with counterparties when possible. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

-36400000

-35300000

3.09

1.68

-0.08

-0.14

3.06

1.66

-0.08

-0.14

1200000

-9200000

400000

<div> <h4 style= "mso-pagination:widow-orphan;page-break-after:auto;tab-stops:.25in"> <a name="_AUCcb2538a3071a4b30b7dededdd31e8007"> Note 3.  Supplemental Financial Statement Information</a> </h4>     The estimated fair value of financial instruments at June 30, 2009 and December 31, 2008 was as follows:   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="447" valign="top" style= "width:335.35pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> (In millions) </td> <td width="125" colspan="2" valign="top" style= "width:94.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">         June 30, 2009 </td> <td width="125" colspan="2" valign="top" style= "width:94.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">     December 31, 2008 </td> </tr> <tr style="mso-yfti-irow:1"> <td width="447" valign="top" style= "width:335.35pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">     </td> <td width="58" valign="top" style= "width:43.35pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> Carrying   Amount </td> <td width="68" valign="top" style= "width:50.65pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">   Estimated Fair Value          </td> <td width="58" valign="top" style= "width:43.35pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> Carrying   Amount </td> <td width="68" valign="top" style= "width:50.65pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">   Estimated Fair Value          </td> </tr> <tr style="mso-yfti-irow:2"> <td width="447" valign="bottom" style= "width:335.35pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Cash and cash equivalents </td> <td width="58" valign="bottom" style= "width:43.35pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> $  850.7 </td> <td width="68" valign="bottom" style= "width:50.65pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">    $  850.7 </td> <td width="58" valign="bottom" style= "width:43.35pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> $    469.9 </td> <td width="68" valign="bottom" style= "width:50.65pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">    $    469.9 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Derivative financial instruments: </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">   </td> </tr> <tr style="mso-yfti-irow:4"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Assets </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt"> 23.7 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> 23.7 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt"> 17.2 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> 17.2 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Liabilities </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt"> 26.2 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> 26.2 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt"> 61.5 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> 61.5 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Debt: </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">                 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">                   </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">                 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">                   </td> </tr> <tr style="mso-yfti-irow:7"> <td width="447" valign="top" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> Allegheny Technologies $402.5 million 4.25% Convertible <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none">    Notes due 2014 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt"> $   402.5 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">       442.3 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">        — </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">          — </td> </tr> <tr style="mso-yfti-irow:8"> <td width="447" valign="top" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Allegheny Technologies $350 million 9.375% Notes due 2019 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">      350.0 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">      367.5 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">        — </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">          — </td> </tr> <tr style="mso-yfti-irow:9"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Allegheny Technologies $300 million 8.375% Notes due 2011, net (a) </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">       118.1 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">        125.9 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">        304.2 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">         306.6 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Allegheny Ludlum 6.95% debentures due 2025 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">       150.0 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">        126.4 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">        150.0 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">         144.3 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Promissory note for J&L asset acquisition </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">         25.6 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">           25.6 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">          30.7 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">           30.7 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Foreign credit agreements </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">         18.2 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">           18.2 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">          15.6 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">           15.6 </td> </tr> <tr style="mso-yfti-irow:13"> <td width="447" valign="bottom" style= "width:335.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Industrial revenue bonds, due through 2020 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">           8.8 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">             8.8 </td> <td width="58" valign="bottom" style= "width:43.35pt;padding:0in 2.35pt 0in 2.35pt">            9.0 </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt">             9.0 </td> </tr> <tr style="mso-yfti-irow:14;mso-yfti-lastrow:yes"> <td width="447" valign="bottom" style= "width:335.35pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 347.35pt;mso-layout-grid-align:none;text-autospace:none"> Capitalized leases and other </td> <td width="58" valign="bottom" style= "width:43.35pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt">           0.2 </td> <td width="68" valign="bottom" style= "width:50.65pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt">             0.2 </td> <td width="58" valign="bottom" style= "width:43.35pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt">            0.3 </td> <td width="68" valign="bottom" style= "width:50.65pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt">             0.3 </td> </tr> </table>   (a)   Includes fair value adjustments for settled interest rate swap contracts of $2.2 million at June 30, 2009, and $6.7 million at December 31, 2008.   The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments:   Cash and cash equivalents: The carrying amount on the balance sheet approximates fair value.   Derivative financial instruments: Fair values for derivatives were measured using exchange-traded prices for the hedged items.  The fair value was determined using Level 2 information, including consideration of counterparty risk and the Company’s credit risk.      <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Short-term and long-term debt: The fair values of the Allegheny Technologies 4.25% Convertible Notes, the Allegheny Technologies 9.375% Notes, the Allegheny Technologies 8.375% Notes, and the Allegheny Ludlum 6.95% debentures were based on quoted market prices. The carrying amounts of the other short-term and long-term debt approximate fair value. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

-9200000

190900000

197300000

474000000

252400000

300000

<div> <div class="Section1"> <a name="_AUC680f7ab64663474ea3840e2811543606"> Note 7.  Income Taxes</a>           Second quarter 2009 results included a provision for income taxes of $11.7 million compared to an income tax provision of $81.2 million, or 32.2% of income before tax, for the comparable 2008 period.  The second quarter 2009 tax provision included a non-recurring tax charge of $11.5 million, primarily associated with the tax consequences of the June 2009 $350 million voluntary contribution to the pension plan.  The effective tax rate, excluding the non-recurring tax charge, was 41.1% for 2009.  The second quarter 2008 tax provision included a favorable discrete net tax benefit of $11.2 million, primarily associated with a tax refund related to prior years.   </div><span style= "font-size:10.0pt; font-family:Times New Roman;mso-fareast-font-family:Times New Roman; mso-bidi-font-family:Courier New;mso-ansi-language:EN-US;mso-fareast-language: EN-US;mso-bidi-language:AR-SA">         For the first half 2009, the provision of income taxes was $6.7 million compared to $159.1 million, or 33.6% of income before tax, for the first half 2008.  The 2009 first quarter benefited from a lower income tax provision due primarily to $5.1 million of discrete adjustments associated primarily with prior years’ taxes.  The 2008 first quarter included a discrete benefit of $2.6 million related to foreign taxes.                   As a result of the $350 million voluntary pension contribution in June 2009 which was designated to pertain to the 2008 tax year, the Company received a U.S. Federal income tax refund of $108.5 million in the second quarter 2009. <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

159100000

81200000

6700000

11700000

62800000

-42100000

-86100000

132300000

-3100000

-42200000

-255100000

194600000

-6700000

-28200000

-13800000

-299400000

<div> <a name="_AUCa656d5768d7244c0b5b7ae23cec167b7">Note 2.  Inventories</a>           Inventories at June 30, 2009 and December 31, 2008 were as follows (in millions):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> June 30, </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> December 31, </td> </tr> <tr style="mso-yfti-irow:1"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:2"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt"> Raw materials and supplies </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> $         138.3 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> $      163.6 </td> </tr> <tr style="mso-yfti-irow:4;height:4.5pt"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt; height:4.5pt"> Work-in-process </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:4.5pt"> 580.1 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:4.5pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:4.5pt"> 772.6 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt"> Finished goods </td> <td width="114" valign="top" style= "width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 129.9 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 164.9 </td> </tr> <tr style="mso-yfti-irow:6;height:7.15pt"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt; height:7.15pt"> Total inventories at current cost </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:7.15pt"> 848.3 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:7.15pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt; height:7.15pt"> 1,101.1 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt"> Less allowances to reduce current cost values to LIFO basis </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> (151.1) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> (205.6) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt"> Progress payments </td> <td width="114" valign="top" style= "width:85.5pt;padding:0in 5.4pt 0in 5.4pt"> (4.3) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (7.9) </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td width="343" valign="top" style= "width:257.4pt;padding:0in 5.4pt 0in 5.4pt"> Total inventories, net </td> <td width="114" valign="top" style= "width:85.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $      692.9 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="114" valign="top" style= "width:85.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $      887.6 </td> </tr> </table>   <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Inventories are stated at the lower of cost (last-in, first-out (“LIFO”), first-in, first-out (“FIFO”), and average cost methods) or market, less progress payments.  Most of the Company’s inventory is valued utilizing the LIFO costing methodology.  Inventory of the Company’s non-U.S. operations is valued using average cost or FIFO methods.  The effect of using the LIFO methodology to value inventory, rather than FIFO, decreased cost of sales by $54.5 million for the first six months of 2009 compared to an increase to cost of sales of $4.7 million for the first six months of 2008. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

887600000

692900000

2141400000

2173800000

4170400000

4321400000

693900000

518800000

494600000

1055900000

71600000

72100000

-800000

-153800000

512300000

-255600000

-212800000

96300000

81300000

310900000

168900000

-7500000

-13400000

4000000

2300000

1100000

1700000

473500000

253100000

10700000

10800000

41400000

76200000

134900000

147000000

12300000

6300000

6000000

26100000

25900000

200000

4100000

99700000

17400000

26200000

127800000

114800000

1600000

600000

-300000

446900000

449800000

-200000

-1300000

-88400000

-15500000

-700000

-18100000

-36400000

-35300000

-800000

-255400000

-211500000

<div> <a name="_AUCe1465f1d38d647b8bb686be1972ec993"> Note 8.  Pension Plans and Other Postretirement Benefits</a>   The Company has defined benefit pension plans and defined contribution plans covering substantially all employees. Benefits under the defined benefit pension plans are generally based on years of service and/or final average pay.  The Company funds the U.S. pension plans in accordance with the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code.   The Company also sponsors several postretirement plans covering certain salaried and hourly employees.  The plans provide health care and life insurance benefits for eligible retirees. In most plans, Company contributions towards premiums are capped based on the cost as of a certain date, thereby creating a defined contribution.  For the non-collectively bargained plans, the Company maintains the right to amend or terminate the plans at its discretion.   In June 2009, the Company made a $350 million voluntary cash contribution to its’ U.S. defined benefit pension plan to improve the plan’s funded position.  As a result of this significant voluntary pension contribution and the associated remeasurement of plan assets and liabilities, 2009 pension expense is expected to be reduced by $27.5 million to $98.7 million, compared to a previous estimate of $126.2 million.  As a result, retirement benefit expense, which includes pension expense and other post-retirement expense, is now expected to be approximately $25.5 million in both the third and fourth quarters of 2009.           For the three and six month periods ended June 30, 2009 and 2008, the components of pension (income) expense and components of other postretirement benefit expense for the Company’s defined benefit plans included the following (in millions):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="162" colspan="3" valign="top" style= "width:121.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="150" colspan="3" valign="top" style= "width:112.5pt;padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, </td> </tr> <tr style="mso-yfti-irow:1"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:2;page-break-inside:avoid"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Pension Benefits: </td> <td width="162" colspan="3" valign="top" style= "width:121.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="150" colspan="3" valign="top" style= "width:112.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Service cost - benefits earned during the year </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> $    6.0 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> $    7.0 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $   12.1 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $    14.0 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Interest cost on benefits earned in prior years </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 34.5 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 32.7 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> 68.9 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> 65.3 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Expected return on plan assets </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> (37.2) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> (50.2) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (71.9) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (100.4) </td> </tr> <tr style="mso-yfti-irow:6"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Amortization of prior service cost </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 4.1 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 4.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> 8.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> 8.3 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Amortization of net actuarial loss </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 20.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 3.3 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 41.8 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 6.5 </td> </tr> <tr style="mso-yfti-irow:8;page-break-inside:avoid"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Total pension (income) expense </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  27.6 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (3.0) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  59.1 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (6.3) </td> </tr> <tr style= "mso-yfti-irow:9;mso-yfti-lastrow:yes;page-break-inside:avoid"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="162" colspan="3" valign="top" style= "width:121.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="150" colspan="3" valign="top" style= "width:112.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> </table>   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="162" colspan="3" valign="top" style= "width:121.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="150" colspan="3" valign="top" style= "width:112.5pt;padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, </td> </tr> <tr style="mso-yfti-irow:1"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:2;page-break-inside:avoid"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Other Postretirement Benefits: </td> <td width="162" colspan="3" valign="top" style= "width:121.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="150" colspan="3" valign="top" style= "width:112.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Service cost - benefits earned during the year </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> $   0.8 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> $   0.7 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $   1.5 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $   1.5 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Interest cost on benefits earned in prior years </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 8.1 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 7.9 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> 16.3 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> 15.8 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Expected return on plan assets </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> (0.4) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> (1.4) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (0.8) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (2.8) </td> </tr> <tr style="mso-yfti-irow:6"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Amortization of prior service cost (credit) </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> (4.8) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> (5.3) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (9.6) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (10.6) </td> </tr> <tr style= "mso-yfti-irow:7;page-break-inside:avoid;height:.1in"> <td width="337" valign="bottom" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt; height:.1in"> Amortization of net actuarial loss </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt; height:.1in"> 1.6 </td> <td width="18" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:.1in">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.1in"> 1.3 </td> <td width="18" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:.1in">   </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.1in"> 3.2 </td> <td width="18" valign="bottom" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt; height:.1in">   </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.1in"> 2.6 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Total other postretirement benefit expense </td> <td width="72" valign="top" style= "width:.75in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $   5.3 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  3.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $ 10.6 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $   6.5 </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td width="337" valign="top" style= "width:252.9pt;padding:0in 5.4pt 0in 5.4pt"> Total retirement benefit expense – defined benefit plans </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 32.9 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  0.2 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 69.7 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $   0.2 </td> </tr> </table>   <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">                Other postretirement benefit costs for a defined contribution plan were $0.5 million and $1.0 million for the three and six months ended June 30, 2009, respectively. For 2008, other postretirement costs for a defined contribution plan were $3.1 million for both the three and six months ended June 30, 2008. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

0.10

50000000

752500000

3400000

2400000

1100000

314900000

310900000

4000000

310900000

171200000

-6400000

-7500000

1100000

-7500000

-11700000

<div> <a name="_AUC54179456edb44c48aee7f0a5793bf6b7">Property, plant and equipment at</a> June 30, 2009 and December 31, 2008 were as follows (in millions):   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> June 30, </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> December 31, </td> </tr> <tr style="mso-yfti-irow:1"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:2"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Land </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> $        23.6      </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> $        23.1 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Buildings </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 321.0 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 310.9 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Equipment and leasehold improvements </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2,707.7 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2,508.5 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 3,052.3 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt"> 2,842.5 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Accumulated depreciation and amortization </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (1,265.3) </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (1,208.9) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt"> Total property, plant and equipment, net </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $   1,787.0 </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $   1,633.6 </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td width="355" valign="top" style= "width:3.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="18" valign="top" style= "width:13.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

1633600000

1787000000

530500000

398200000

-8800000

-188600000

2286700000

2227200000

2804600000

1461200000

1541600000

710000000

<div> <a name="_AUC8d34b112fb654624a61309fce82b3497"> Note 10.  Financial Information for Subsidiary and Guarantor Parent</a>   The payment obligations under the $150 million 6.95% debentures due 2025 issued by Allegheny Ludlum Corporation (the “Subsidiary”) are fully and unconditionally guaranteed by Allegheny Technologies Incorporated (the “Guarantor Parent”). In accordance with positions established by the Securities and Exchange Commission, the following financial information sets forth separately financial information with respect to the Subsidiary, the non-guarantor subsidiaries and the Guarantor Parent. The principal elimination entries eliminate investments in subsidiaries and certain intercompany balances and transactions. Investments in subsidiaries, which are eliminated in consolidation, are included in other assets on the balance sheets.   Allegheny Technologies is the plan sponsor for the U.S. qualified defined benefit pension plan (the “Plan”) which covers certain current and former employees of the Subsidiary and the non-guarantor subsidiaries. As a result, the balance sheets presented for the Subsidiary and the non-guarantor subsidiaries do not include any Plan assets or liabilities, or the related deferred taxes. The Plan assets, liabilities and related deferred taxes and pension income or expense are recognized by the Guarantor Parent. Management and royalty fees charged to the Subsidiary and to the non-guarantor subsidiaries by the Guarantor Parent have been excluded solely for purposes of this presentation.      Cash flows related to intercompany activity between the Guarantor Parent, the Subsidiary, and the non-guarantor subsidiaries are presented as financing activities on the condensed statements of cash flows.  <span style= "font-size:10.0pt; font-family:Times New Roman;mso-fareast-font-family:Times New Roman; mso-bidi-font-family:Courier New;mso-ansi-language:EN-US;mso-fareast-language: EN-US;mso-bidi-language:AR-SA"> Note 10.  CONTINUED   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="487" colspan="4" valign="top" style= "width:365.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Balance Sheets June 30, 2009 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:1;height:25.15pt"> <td width="235" valign="top" style= "width:2.45in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:25.15pt">   (In millions) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:25.15pt"> Guarantor Parent </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:25.15pt">   Subsidiary </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:25.15pt"> Non-guarantor Subsidiaries </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:25.15pt">   Eliminations </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:25.15pt">   Consolidated </td> </tr> <tr style="mso-yfti-irow:2"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Cash and cash equivalents </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $      1.1 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $     637.5 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> $     212.1 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> $       — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> $  850.7 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accounts receivable, net </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 0.1 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 143.4 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 254.7 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 398.2 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Inventories, net </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 103.8 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 589.1 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 692.9 </td> </tr> <tr style= "mso-yfti-irow:6;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Prepaid expenses and other current assets </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 31.8 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 10.7 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 33.7 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 76.2 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total current assets </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 33.0 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 895.4 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 1,089.6 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 2,018.0 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Property, plant and equipment, net </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 2.1 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 408.0 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 1,376.9 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 1,787.0 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Cost in excess of net assets acquired </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 112.1 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 85.2 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 197.3 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Prepaid pension asset </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 122.2 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 122.2 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Deferred income taxes </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 49.9 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 49.9 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Investments in subsidiaries and other   assets </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   3,839.0 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   1,278.2 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   1,161.6 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   (6,131.8) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   147.0 </td> </tr> <tr style="mso-yfti-irow:13;height:17.5pt"> <td width="235" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt;height:17.5pt"> Total assets </td> <td width="78" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:17.5pt"> $4,046.2 </td> <td width="78" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:17.5pt"> $  2,693.7 </td> <td width="96" style= "width:1.0in;border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 1.5pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:17.5pt"> $ 3,713.3 </td> <td width="90" style= "width:67.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:17.5pt"> $(6,131.8) </td> <td width="90" style= "width:67.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:17.5pt"> $4,321.4 </td> </tr> <tr style= "mso-yfti-irow:14;height:.15in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> </tr> <tr style="mso-yfti-irow:15"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Liabilities and stockholders’ equity: </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:16"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accounts payable </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $       3.4 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $    103.7 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> $    129.3 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> $      — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> $   236.4 </td> </tr> <tr style="mso-yfti-irow:17"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accrued liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 935.3 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 57.1 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 719.1 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> (1,481.9) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 229.6 </td> </tr> <tr style="mso-yfti-irow:18"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Deferred income taxes </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 35.3 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 35.3 </td> </tr> <tr style="mso-yfti-irow:19"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Short-term debt and current portion of   long-term debt </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   — </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   10.5 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   7.0 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   — </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   17.5 </td> </tr> <tr style="mso-yfti-irow:20"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total current liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 974.0 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 171.3 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 855.4 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> (1,481.9) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 518.8 </td> </tr> <tr style="mso-yfti-irow:21"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Long-term debt </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 870.6 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 366.5 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 18.8 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> (200.0) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 1,055.9 </td> </tr> <tr style="mso-yfti-irow:22"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accrued postretirement benefits </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 271.3 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 178.5 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 449.8 </td> </tr> <tr style="mso-yfti-irow:23"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Pension liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 9.6 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 2.9 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 22.0 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 34.5 </td> </tr> <tr style="mso-yfti-irow:24"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Other long-term liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 44.4 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 21.6 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 48.8 </td> <td width="90" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 114.8 </td> </tr> <tr style="mso-yfti-irow:25"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total liabilities </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 1,898.6 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 833.6 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 1,123.5 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (1,681.9) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2,173.8 </td> </tr> <tr style="mso-yfti-irow:26"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total stockholders’ equity </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2,147.6 </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 1,860.1 </td> <td width="96" valign="top" style= "width:1.0in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2,589.8 </td> <td width="90" valign="top" style= "width:67.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (4,449.9) </td> <td width="90" valign="top" style= "width:67.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2,147.6 </td> </tr> <tr style="mso-yfti-irow:27;mso-yfti-lastrow:yes"> <td width="235" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total liabilities and stockholders’ equity </td> <td width="78" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $4,046.2 </td> <td width="78" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $2,693.7 </td> <td width="96" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $3,713.3 </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(6,131.8) </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $4,321.4 </td> </tr> </table><span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> Note 10.  CONTINUED   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="667" colspan="6" valign="top" style= "width:6.95in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Income For the six months ended June 30, 2009 </td> </tr> <tr style= "mso-yfti-irow:1;height:28.0pt;mso-height-rule:exactly"> <td width="235" style= "width:2.45in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   (In millions) </td> <td width="78" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> Guarantor Parent </td> <td width="78" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   Subsidiary </td> <td width="96" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> Non-guarantor Subsidiaries </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   Eliminations </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   Consolidated </td> </tr> <tr style= "mso-yfti-irow:2;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Sales </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $    — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $ 659.5 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $ 882.1 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $    — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $1,541.6 </td> </tr> <tr style= "mso-yfti-irow:3;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Cost of sales </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 40.0 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 616.1 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 729.6 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 1,385.7 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Selling and administrative expenses </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 52.9 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 18.3 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 74.0 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 145.2 </td> </tr> <tr style= "mso-yfti-irow:5;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Interest income (expense), net </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 3.6 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> (4.9) </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 0.1 </td> <td width="90" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in; mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> (1.2) </td> </tr> <tr style= "mso-yfti-irow:6;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Debt extinguishment costs </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 9.2 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> — </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 9.2 </td> </tr> <tr style="mso-yfti-irow:7;height:.6in"> <td width="235" valign="bottom" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.6in"> Other income (expense) including   equity in income of unconsolidated   subsidiaries </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> 98.8 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> 1.1 </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.6in"> 3.2 </td> <td width="90" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> (103.1) </td> <td width="90" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> — </td> </tr> <tr style="mso-yfti-irow:8;height:.2in"> <td width="235" valign="bottom" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in"> Income before income tax provision </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 0.3 </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 21.3 </td> <td width="96" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 81.8 </td> <td width="90" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> (103.1) </td> <td width="90" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 0.3 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Income tax provision (benefit) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 6.7 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 9.1 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 39.3 </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (48.4) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 6.7 </td> </tr> <tr style= "mso-yfti-irow:10;height:17.6pt;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> Net income (loss) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">      (6.4) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">   12.2 </td> <td width="96" valign="top" style= "width:1.0in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">    42.5 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">   (54.7)  </td> <td width="90" valign="top" style= "width:67.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">   (6.4) </td> </tr> <tr style= "mso-yfti-irow:11;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly"> Less: Net income attributable to noncontrolling interest </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   1.1 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   — </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   1.1 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (1.1) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   1.1 </td> </tr> <tr style= "mso-yfti-irow:12;mso-yfti-lastrow:yes;height:17.6pt;mso-height-rule: exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> Net income (loss) attributable to ATI </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $     (7.5) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $  12.2 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $   41.4 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $   (53.6)  </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $  (7.5) </td> </tr> </table>   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid; height:28.0pt;mso-height-rule:exactly"> <td width="577" colspan="5" style= "width:432.9pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> Condensed Statements of Cash Flows For the six months ended June 30, 2009 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   </td> </tr> <tr style="mso-yfti-irow:1"> <td width="235" valign="top" style= "width:2.45in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   (In millions) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Guarantor Parent </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Subsidiary </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Non-guarantor Subsidiaries </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Eliminations </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Consolidated </td> </tr> <tr style= "mso-yfti-irow:2;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly"> Cash flows provided by (used in) operating activities     </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $   (29.3) </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $   136.8 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $       (26.2) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $       — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $  81.3 </td> </tr> <tr style= "mso-yfti-irow:3;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   Cash flows used in investing activities       </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (130.9) </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (35.8) </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (176.1) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   130.0 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (212.8)             </td> </tr> <tr style= "mso-yfti-irow:4;height:.15in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.15in;mso-height-rule:exactly">   </td> </tr> <tr style= "mso-yfti-irow:5;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly"> Cash flows provided by financing activities </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   158.1 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   254.7 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   229.5 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (130.0) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   512.3 </td> </tr> <tr style= "mso-yfti-irow:6;mso-yfti-lastrow:yes;height:32.0pt;mso-height-rule: exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly"> Increase (decrease) in cash and cash equivalents </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $    (2.1) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $   355.7 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $        27.2 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $      — </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $ 380.8 </td> </tr> </table>   <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> Note 10.  CONTINUED   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="487" colspan="4" valign="top" style= "width:365.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Balance Sheets December 31, 2008 </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:1"> <td width="235" valign="top" style= "width:2.45in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">     (In millions) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Guarantor Parent </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">     Subsidiary </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Non-guarantor Subsidiaries </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">     Eliminations </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">     Consolidated </td> </tr> <tr style="mso-yfti-irow:2"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Cash and cash equivalents </td> <td width="78" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $     3.2 </td> <td width="78" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $   281.8 </td> <td width="96" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> $   184.9 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> $   —  </td> <td width="90" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> $   469.9 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accounts receivable, net </td> <td width="78" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 0.3 </td> <td width="78" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 191.9 </td> <td width="96" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 338.3 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —  </td> <td width="90" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 530.5 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Inventories, net </td> <td width="78" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="78" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 190.4 </td> <td width="96" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 697.2 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —  </td> <td width="90" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 887.6 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Prepaid expenses, and other current   assets </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   0.6 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   4.7 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   36.1 </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   —  </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   41.4 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total current assets </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 4.1 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 668.8 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 1,256.5 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 1,929.4 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Property, plant and equipment, net </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 1.5 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 395.2 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 1,236.9 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —  </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 1,633.6 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Deferred income taxes </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 281.6 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —  </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 281.6 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Cost in excess of net assets acquired </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 112.1 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 78.8 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —  </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 190.9 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Investment in subsidiaries and other   assets </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   4,666.3 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   1,514.7 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   1,304.3 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt">   (7,350.4) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   134.9 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total assets </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $4,953.5 </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $2,690.8 </td> <td width="96" valign="top" style= "width:1.0in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $3,876.5 </td> <td width="84" valign="top" style= "width:63.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(7,350.4) </td> <td width="90" valign="top" style= "width:67.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $4,170.4 </td> </tr> <tr style="mso-yfti-irow:13"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:14"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Liabilities and stockholders’ equity: </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:15"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accounts payable </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $      3.7 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> $    83.7 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> $   191.1 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> $     — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> $   278.5 </td> </tr> <tr style="mso-yfti-irow:16"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Accrued liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 2,132.3 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 74.5 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 798.1 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> (2,682.9) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 322.0 </td> </tr> <tr style="mso-yfti-irow:17"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Deferred income taxes </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 78.2 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> —   </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 78.2 </td> </tr> <tr style="mso-yfti-irow:18"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Short-term debt and current portion of   long-term debt </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   — </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   10.5 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   4.7 </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   — </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   15.2 </td> </tr> <tr style="mso-yfti-irow:19"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total current liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 2,214.2 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 168.7 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 993.9 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> (2,682.9) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 693.9 </td> </tr> <tr style="mso-yfti-irow:20"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Long-term debt </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 304.2 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 371.8 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 18.6 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> (200.0) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 494.6 </td> </tr> <tr style="mso-yfti-irow:21"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Postretirement benefits </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 270.9 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 176.0 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 446.9 </td> </tr> <tr style="mso-yfti-irow:22"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Pension liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 351.2 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 3.2 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 23.8 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 378.2 </td> </tr> <tr style="mso-yfti-irow:23"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Other long-term liabilities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 54.9 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 18.3 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 54.6 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 127.8 </td> </tr> <tr style="mso-yfti-irow:24"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total liabilities </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2,924.5 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 832.9 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 1,266.9 </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (2,882.9) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2,141.4 </td> </tr> <tr style="mso-yfti-irow:25"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total stockholders’ equity </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2,029.0 </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 1,857.9 </td> <td width="96" valign="top" style= "width:1.0in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2,609.6 </td> <td width="84" valign="top" style= "width:63.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (4,467.5) </td> <td width="90" valign="top" style= "width:67.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2,029.0 </td> </tr> <tr style="mso-yfti-irow:26;mso-yfti-lastrow:yes"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Total liabilities and stockholders’ equity </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $4,953.5 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $2,690.8 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $3,876.5 </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(7,350.4) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $4,170.4 </td> </tr> </table>   Note 10.  CONTINUED   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="667" colspan="6" valign="top" style= "width:6.95in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Allegheny Technologies Incorporated Financial Information for Subsidiary and Guarantor Parent Statements of Income For the six months ended June 30, 2008 </td> </tr> <tr style= "mso-yfti-irow:1;height:28.0pt;mso-height-rule:exactly"> <td width="235" style= "width:2.45in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   (In millions) </td> <td width="78" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> Guarantor Parent </td> <td width="78" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   Subsidiary </td> <td width="96" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> Non-guarantor Subsidiaries </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   Eliminations </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly">   Consolidated </td> </tr> <tr style= "mso-yfti-irow:2;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Sales </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $    — </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $ 1,463.0 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $ 1,341.6 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $    — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> $2,804.6 </td> </tr> <tr style= "mso-yfti-irow:3;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Cost of sales </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> (5.1) </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 1,238.6 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 948.2 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 2,181.7 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Selling and administrative expenses </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 47.6 </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt"> 19.4 </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt"> 82.4 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt"> 149.4 </td> </tr> <tr style= "mso-yfti-irow:5;height:.2in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> Interest income (expense), net </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> (1.0) </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> (4.8) </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> 4.7 </td> <td width="90" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in; mso-height-rule:exactly"> — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in;mso-height-rule:exactly"> (1.1) </td> </tr> <tr style="mso-yfti-irow:6;height:.6in"> <td width="235" valign="bottom" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.6in"> Other income (expense) including   equity in income of unconsolidated   subsidiaries </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> 517.5 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> 15.3 </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.6in"> (1.4) </td> <td width="90" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> (529.8) </td> <td width="90" valign="bottom" style= "width:67.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:.6in"> 1.6 </td> </tr> <tr style="mso-yfti-irow:7;height:.2in"> <td width="235" valign="bottom" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.2in"> Income before income tax provision </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 474.0 </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 215.5 </td> <td width="96" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 314.3 </td> <td width="90" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> (529.8) </td> <td width="90" valign="bottom" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.2in"> 474.0 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt"> Income tax provision </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 159.1 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 79.6 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 100.5 </td> <td width="90" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (180.1) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 159.1 </td> </tr> <tr style= "mso-yfti-irow:9;height:17.6pt;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> Net income </td> <td width="78" valign="top" style= "width:58.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">   314.9 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">   135.9 </td> <td width="96" valign="top" style= "width:1.0in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">    213.8 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">    (349.7)  </td> <td width="90" valign="top" style= "width:67.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:17.6pt;mso-height-rule: exactly">   314.9 </td> </tr> <tr style= "mso-yfti-irow:10;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly"> Less: Net income attributable to noncontrolling interest </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   4.0 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   — </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   4.0 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (4.0) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   4.0 </td> </tr> <tr style= "mso-yfti-irow:11;mso-yfti-lastrow:yes;height:17.6pt;mso-height-rule: exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> Net income attributable to ATI </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $  310.9 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $    135.9 </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $    209.8 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $   (345.7)  </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:17.6pt;mso-height-rule:exactly"> $  310.9 </td> </tr> </table>   <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid; height:28.0pt;mso-height-rule:exactly"> <td width="577" colspan="5" style= "width:432.9pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> Condensed Statements of Cash Flows For the six months ended June 30, 2008 </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:28.0pt;mso-height-rule:exactly"> <div style= "mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .75pt;padding:0in 0in 1.0pt 0in">     </div> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="235" valign="top" style= "width:2.45in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   (In millions) </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Guarantor Parent </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Subsidiary </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Non-guarantor Subsidiaries </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Eliminations </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   Consolidated </td> </tr> <tr style= "mso-yfti-irow:2;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly"> Cash flows provided by (used in) operating activities </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $   (19.3) </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $  (65.0) </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $       180.6 </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $       — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   $  96.3 </td> </tr> <tr style= "mso-yfti-irow:3;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   Cash flows used in investing activities     </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (0.1) </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (26.1) </td> <td width="96" valign="top" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (229.4) </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   — </td> <td width="90" valign="top" style= "width:67.5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (255.6) </td> </tr> <tr style= "mso-yfti-irow:4;height:.4in;mso-height-rule:exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly"> Cash flows provided by (used in) financing activities </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   27.3 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (52.5) </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (128.6) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   — </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:.4in;mso-height-rule:exactly">   (153.8) </td> </tr> <tr style= "mso-yfti-irow:5;mso-yfti-lastrow:yes;height:32.0pt;mso-height-rule: exactly"> <td width="235" valign="top" style= "width:2.45in;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly"> Increase (decrease) in cash and cash equivalents </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $    7.9 </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $   (143.6) </td> <td width="96" valign="top" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $        (177.4) </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $      — </td> <td width="90" valign="top" style= "width:67.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:32.0pt;mso-height-rule:exactly">   $   (313.1) </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

149400000

79200000

145200000

64400000

<div> <h4 style= "mso-pagination:widow-orphan;page-break-after:auto;tab-stops:.5in"> <a name="_AUC81dbd5edb8ec4357b702c90f3c57ce8f"> Note 1.  Accounting Policies</a> </h4>   Basis of Presentation           The interim consolidated financial statements include the accounts of Allegheny Technologies Incorporated and its subsidiaries.  Unless the context requires otherwise, “Allegheny Technologies”, “ATI” and “the Company” refer to Allegheny Technologies Incorporated and its subsidiaries.         These unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the information and note disclosures required by U.S. generally accepted accounting principles for complete financial statements.  In management’s opinion, all adjustments (which include only normal recurring adjustments) considered necessary for a fair presentation have been included. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2008 Annual Report on Form 10-K.  The results of operations for these interim periods are not necessarily indicative of the operating results for any future period.  In preparing the financial statements for the period ended June 30, 2009, the Company has evaluated subsequent events through the date of issue, which was August 3, 2009.  The December 31, 2008 financial information has been derived from our audited financial statements, which were revised in the current period to reflect changes in the presentation of noncontrolling interests (formerly minority interests) in accordance with the required adoption of the accounting standard discussed below. Certain amounts from prior years have been reclassified to conform with the 2009 presentation.    New Accounting Pronouncement Adopted   As required, in the first quarter 2009, the Company adopted FASB Statement of Financial Accounting Standards No. 160 (“FAS 160”), “Noncontrolling Interests in Consolidated Financial Statements”.  Early adoption of this standard was prohibited.  FAS 160 changes the classification of noncontrolling (minority) interests on the balance sheet and the accounting for and reporting of transactions between the reporting entity and holders of such noncontrolling interests. Under the new standard, noncontrolling interests are considered equity and are reported as an element of stockholders’ equity rather than within the mezzanine or liability sections of the balance sheet. In addition, the practice of reporting minority interest expense or benefit changed. Under the new standard, net income encompasses the total income before noncontrolling interest expense or benefit.  The income statement includes separate disclosure of the attribution of income or loss between the controlling and noncontrolling interests. Absent a change in control, increases and decreases in the noncontrolling ownership interest amount are accounted for as equity transactions. As a result of adopting FAS 160, the balance sheet and the income statement have been recast retrospectively for the presentation of noncontrolling interest in our STAL joint venture.   <span style= "font-size:10.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-bidi-font-family:Courier New;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">On January 1, 2009, the Company adopted Statement of Financial Accounting Standards No. 157 (“FAS 157”), “Fair Value Measurements,” as it relates to nonfinancial assets and nonfinancial liabilities.  FAS 157 defines fair value, establishes a framework for measuring fair value in accordance with U.S. generally accepted accounting principles, and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions. The adoption of FAS 157, as it relates to nonfinancial assets and nonfinancial liabilities, had no impact on the financial statements. The provisions of FAS 157 will be applied at such time a fair value measurement of a nonfinancial asset or nonfinancial liability is required, which may result in a fair value that is materially different than would have been calculated prior to the adoption of FAS 157. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

1957400000

2075500000

2279200000

-237200000

693700000

10200000

57200000

1830700000

-75400000

2490900000

-208200000

644500000

10200000

67200000

2104800000

-127600000

2029000000

-746500000

651800000

10200000

71600000

2286700000

-244800000

2147600000

-594700000

641500000

10200000

72100000

2227200000

-208700000

-400000

-16700000

5073287

4331246

244800000

208700000

-88400000