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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2020
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 second quarters and six months ended June 30, 2020 and 2019 were as follows:
(in millions)Second quarter ended
June 30, 2020June 30, 2019
HPMCAA&STotalHPMCAA&STotal
Diversified Global Markets:
Aerospace & Defense$252.3  $113.3  $365.6  $444.8  $127.4  $572.2  
Energy*22.8  144.7  167.5  33.4  180.0  213.4  
Automotive1.0  49.8  50.8  3.1  70.5  73.6  
Food Equipment & Appliances0.1  47.1  47.2  —  49.6  49.6  
Electronics/Computers/Communications0.2  39.3  39.5  0.3  37.8  38.1  
Construction/Mining5.0  29.8  34.8  13.4  39.2  52.6  
Medical10.3  19.6  29.9  21.1  21.3  42.4  
Other9.0  26.0  35.0  17.0  21.5  38.5  
Total$300.7  $469.6  $770.3  $533.1  $547.3  $1,080.4  
(in millions)Six Months Ended
June 30, 2020June 30, 2019
HPMCAA&STotalHPMCAA&STotal
Diversified Global Markets:
Aerospace & Defense$611.1  $247.0  $858.1  $845.4  $252.4  $1,097.8  
Energy*46.9  291.2  338.1  61.5  320.4  381.9  
Automotive3.0  124.3  127.3  6.7  143.8  150.5  
Food Equipment & Appliances0.1  97.5  97.6  0.1  102.7  102.8  
Construction/Mining10.3  68.1  78.4  31.9  78.6  110.5  
Electronics/Computers/Communications0.5  72.2  72.7  0.3  71.9  72.2  
Medical27.3  41.2  68.5  45.8  42.7  88.5  
Other21.8  63.3  85.1  38.0  43.0  81.0  
Total$721.0  $1,004.8  $1,725.8  $1,029.7  $1,055.5  $2,085.2  
*Includes the oil & gas, hydrocarbon and chemical processing, and electrical energy markets.
(in millions)Second quarter ended
June 30, 2020June 30, 2019
HPMCAA&STotalHPMCAA&STotal
Primary Geographical Market:
United States$166.2  $311.0  $477.2  $290.2  $350.3  $640.5  
Europe92.0  32.4  124.4  160.9  46.3  207.2  
Asia27.6  91.1  118.7  49.4  122.5  171.9  
Canada5.1  11.1  16.2  14.9  14.5  29.4  
South America, Middle East and other9.8  24.0  33.8  17.7  13.7  31.4  
Total$300.7  $469.6  $770.3  $533.1  $547.3  $1,080.4  
(in millions)Six Months Ended
June 30, 2020June 30, 2019
HPMCAA&STotalHPMCAA&STotal
Primary Geographical Market:
United States$393.5  $689.8  $1,083.3  $559.2  $702.4  $1,261.6  
Europe225.5  70.0  295.5  319.5  98.7  418.2  
Asia52.7  185.3  238.0  92.1  203.0  295.1  
Canada16.7  21.5  38.2  26.3  29.5  55.8  
South America, Middle East and other32.6  38.2  70.8  32.6  21.9  54.5  
Total$721.0  $1,004.8  $1,725.8  $1,029.7  $1,055.5  $2,085.2  
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 (HRPF) conversion service sales in the AA&S segment are excluded from this presentation.
Second quarter ended
June 30, 2020June 30, 2019
HPMCAA&STotalHPMCAA&STotal
Diversified Products and Services:
High-Value Products
     Nickel-based alloys and specialty alloys36 %26 %30 %37 %30 %33 %
     Titanium and titanium-based alloys29 %13 %19 %25 %10 %18 %
     Precision forgings, castings and components35 %— %14 %38 %— %19 %
     Precision rolled strip products— %19 %12 %— %21 %10 %
     Zirconium and related alloys— %14 %8 %— %11 %6 %
Total High-Value Products100 %72 %83 %100 %72 %86 %
Standard Products
     Standard stainless products— %28 %17 %— %28 %14 %
Total100 %100 %100 %100 %100 %100 %
Six Months Ended
June 30, 2020June 30, 2019
HPMCAA&STotalHPMCAA&STotal
Diversified Products and Services:
High-Value Products
     Nickel-based alloys and specialty alloys38 %25 %31 %37 %26 %32 %
     Titanium and titanium-based alloys27 %12 %18 %25 %11 %18 %
     Precision forgings, castings and components35 %— %15 %38 %— %19 %
     Precision rolled strip products— %21 %12 %— %22 %11 %
     Zirconium and related alloys— %13 %8 %— %12 %6 %
Total High-Value Products100 %71 %84 %100 %71 %86 %
Standard Products
     Standard stainless products— %29 %16 %— %29 %14 %
Total100 %100 %100 %100 %100 %100 %
Schedule of Accounts Receivable - Reserve for Doubtful Accounts
(in millions)
Accounts Receivable - Reserve for Doubtful AccountsJune 30,
2020		June 30,
2019
Balance as of beginning of fiscal year$4.6  $6.0  
Expense to increase the reserve0.2  0.2  
Write-off of uncollectible accounts(0.3) (1.0) 
Reclassification to held for sale —  (0.2) 
Balance as of period end$4.5  $5.0  
Schedule of Contract Assets and Liabilities
(in millions)
Contract Assets
Short-termJune 30,
2020		June 30,
2019
Balance as of beginning of fiscal year$38.5  $51.2  
Recognized in current year37.5  45.1  
Reclassified to accounts receivable(34.5) (48.0) 
Impairment—  —  
Reclassification to/from long-term0.1  —  
Reclassification to held for sale —  (7.4) 
Balance as of period end$41.6  $40.9  
Long-termJune 30,
2020		June 30,
2019
Balance as of beginning of fiscal year$0.1  $0.1  
Recognized in current year—  —  
Reclassified to accounts receivable—  —  
Impairment—  —  
Reclassification to/from short-term(0.1) —  
Balance as of period end$—  $0.1  
(in millions)
Contract Liabilities
Short-termJune 30,
2020		June 30,
2019
Balance as of beginning of fiscal year$78.7  $71.4  
Recognized in current year97.9  57.1  
Amounts in beginning balance reclassified to revenue(33.9) (44.8) 
Current year amounts reclassified to revenue(38.5) (14.4) 
Other(0.2) —  
Reclassification to/from long-term5.8  —  
Balance as of period end$109.8  $69.3  
Long-termJune 30,
2020		June 30,
2019
Balance as of beginning of fiscal year$25.9  $7.3  
Recognized in current year12.4  0.5  
Amounts in beginning balance reclassified to revenue(0.5) (0.5) 
Current year amounts reclassified to revenue—  —  
Other—  —  
Reclassification to/from short-term(5.8) —  
Balance as of period end$32.0  $7.3