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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Comparative information of the Company’s overall revenues (in millions) by global and geographical markets for the fiscal years ended December 31, 2019, 2018 and 2017 were as follows:

(in millions)
 
2019
 
2018
 
2017
 
 
HPMC
AA&S
Total
 
HPMC
AA&S
Total
 
HPMC
AA&S
Total
Diversified Global Markets:
 
 
 
 
 
 
 
 
 
 
 
 
Aerospace & Defense
 
$
1,624.1

$
506.3

$
2,130.4

 
$
1,562.9

$
402.6

$
1,965.5

 
$
1,377.0

$
341.1

$
1,718.1

Energy*
 
153.6

643.3

796.9

 
133.9

646.8

780.7

 
119.7

490.7

610.4

Automotive
 
10.5

286.1

296.6

 
9.5

313.9

323.4

 
8.8

264.9

273.7

Food Equipment & Appliances
 
0.3

205.5

205.8

 
0.4

244.5

244.9

 
0.4

225.6

226.0

Construction/Mining
 
42.5

152.5

195.0

 
72.7

153.3

226.0

 
51.2

141.7

192.9

Medical
 
85.4

87.0

172.4

 
106.0

77.1

183.1

 
81.1

101.9

183.0

Electronics/Computers/Communications
 
0.5

162.7

163.2

 
1.5

155.4

156.9

 
1.0

150.6

151.6

Other
 
61.6

100.6

162.2

 
76.2

89.9

166.1

 
65.6

103.8

169.4

Total
 
$
1,978.5

$
2,144.0

$
4,122.5

 
$
1,963.1

$
2,083.5

$
4,046.6

 
$
1,704.8

$
1,820.3

$
3,525.1


*Includes the oil & gas, hydrocarbon and chemical processing, and electrical energy markets.

(in millions)
 
2019
 
2018
 
2017
 
 
HPMC
AA&S
Total
 
HPMC
AA&S
Total
 
HPMC
AA&S
Total
Primary Geographical Market:
 
 
 
 
 
 
 
 
 
 
United States
 
$
1,042.6

$
1,412.0

$
2,454.6

 
$
983.6

$
1,364.5

$
2,348.1

 
$
874.3

$
1,196.3

$
2,070.6

China
 
93.9

261.7

355.6

 
71.2

248.8

320.0

 
44.3

221.3

265.6

Germany
 
147.2

72.1

219.3

 
159.0

88.2

247.2

 
131.9

85.2

217.1

United Kingdom
 
156.7

17.1

173.8

 
225.6

16.5

242.1

 
200.8

30.8

231.6

France
 
132.7

22.8

155.5

 
146.3

37.3

183.6

 
143.3

22.3

165.6

Japan
 
95.0

52.7

147.7

 
128.1

86.8

214.9

 
88.5

43.2

131.7

Rest of World
 
310.4

305.6

616.0

 
249.3

241.4

490.7

 
221.7

221.2

442.9

Total
 
$
1,978.5

$
2,144.0

$
4,122.5

 
$
1,963.1

$
2,083.5

$
4,046.6

 
$
1,704.8

$
1,820.3

$
3,525.1


Comparative information of the Company’s major high-value and standard products based on their percentages of sales is included in the following table. Hot-Rolling and Processing Facility conversion service sales in the AA&S segment are
excluded from this presentation.
 
 
2019
 
2018
 
2017
 
 
HPMC
AA&S
Total
 
HPMC
AA&S
Total
 
HPMC
AA&S
Total
Diversified Products:
 
 
 
 
 
 
 
 
 
 
 
 
High-Value Products
 
 
 
 
 
 
 
 
 
 
 
 
Nickel-based alloys and specialty alloys
 
38
%
27
%
32
%
 
37
%
24
%
30
%
 
37
%
20
%
28
%
Precision forgings, castings and components
 
36
%
—
%
18
%
 
40
%
—
%
20
%
 
38
%
—
%
19
%
Titanium and titanium-based alloys
 
26
%
11
%
18
%
 
23
%
10
%
17
%
 
25
%
10
%
17
%
Precision rolled strip products
 
—
%
23
%
12
%
 
—
%
23
%
12
%
 
—
%
24
%
12
%
Zirconium and related alloys
 
—
%
11
%
6
%
 
—
%
11
%
5
%
 
—
%
12
%
6
%
Total High-Value Products
 
100
%
72
%
86
%
 
100
%
68
%
84
%
 
100
%
66
%
82
%
Standard Products
 
 
 
 
 
 
 
 
 
 
 
 
Standard stainless products
 
—
%
28
%
14
%
 
—
%
32
%
16
%
 
—
%
34
%
18
%
Total
 
100
%
100
%
100
%
 
100
%
100
%
100
%
 
100
%
100
%
100
%
Schedule of Accounts Receivable - Reserve for Doubtful Accounts The following represents the rollforward of accounts receivable - reserve for doubtful accounts for the fiscal years ended December 31, 2019, 2018 and 2017:
(in millions)
Accounts Receivable - Reserve for Doubtful Accounts
Balance as of December 31, 2016
$
7.3

Expense to increase the reserve
0.1

Write-off of uncollectible accounts
(1.5
)
Balance as of December 31, 2017
5.9

Expense to increase the reserve
1.9

Write-off of uncollectible accounts
(1.8
)
Balance as of December 31, 2018
6.0

Expense to increase the reserve
0.2

Write-off of uncollectible accounts
(1.6
)
Balance as of December 31, 2019
$
4.6
Schedule of Contract Assets and Liabilities
The following represents the rollforward of contract assets and liabilities for the fiscal years ended December 31, 2019 and 2018:
(in millions)
Contract Assets
Short-term
2019
2018
Balance as of beginning of fiscal year
$
51.2

$
36.5

Recognized in current year
74.5

92.9

Reclassified to accounts receivable
(79.9
)
(95.8
)
Impairment
—

—

Reclassification to/from long-term
—

16.8

Divestiture
(7.3
)
—

Other
—

0.8

Balance as of period end
$
38.5

$
51.2

 
 
 
Long-term
2019
2018
Balance as of beginning of fiscal year
$
0.1

$
16.9

Recognized in current year
—

—

Reclassified to accounts receivable
—

—

Impairment
—

—

Reclassification to/from short-term
—

(16.8
)
Balance as of period end
$
0.1

$
0.1

(in millions)
Contract Liabilities
Short-term
2019
2018
Balance as of beginning of fiscal year
$
71.4

$
69.7

Recognized in current year
126.1

76.7

Amounts in beginning balance reclassified to revenue
(49.2
)
(49.6
)
Current year amounts reclassified to revenue
(76.0
)
(42.7
)
Other
1.9

2.7

Reclassification to/from long-term
4.5

14.6

Balance as of period end
$
78.7

$
71.4

 
 
 
Long-term
2019
2018
Balance as of beginning of fiscal year
$
7.3

$
22.2

Recognized in current year
24.2

0.7

Amounts in beginning balance reclassified to revenue
(1.1
)
(1.0
)
Current year amounts reclassified to revenue
—

—

Other
—

—

Reclassification to/from short-term
(4.5
)
(14.6
)
Balance as of period end
$
25.9

$
7.3