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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Sales $ 770.3 $ 1,080.4 $ 1,725.8 $ 2,085.2
Cost of sales 695.6 902.7 1,516.3 1,776.4
Gross profit 74.7 177.7 209.5 308.8
Selling and administrative expenses 44.4 67.7 102.8 135.7
Impairment of goodwill 287.0 0.0 287.0 0.0
Restructuring charges 16.7 0.0 24.7 0.0
Operating (loss) income (273.4) 110.0 (205.0) 173.1
Nonoperating retirement benefit expense (11.2) (18.4) (22.4) (36.7)
Interest expense, net (21.7) (25.9) (43.6) (50.7)
Debt extinguishment charge (21.5) 0.0 (21.5) 0.0
Other income (expense), net 0.5 18.6 (0.4) 15.7
(Loss) income before income taxes (327.3) 84.3 (292.9) 101.4
Income tax provision 92.6 5.8 103.4 6.6
Net (loss) income (419.9) 78.5 (396.3) 94.8
Less: Net income attributable to noncontrolling interests 2.7 3.4 5.2 4.7
Net (loss) income attributable to ATI $ (422.6) $ 75.1 $ (401.5) $ 90.1
Basic net (loss) income attributable to ATI per common share (in dollars per share) $ (3.34) $ 0.60 $ (3.18) $ 0.72
Diluted net (loss) income attributable to ATI per common share (in dollars per share) $ (3.34) $ 0.54 $ (3.18) $ 0.66