Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule Of Accumulated Other Comprehensive Income Loss

The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the three month period ended June 30, 2020 were as follows (in millions):

	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, March 31, 2020	$	(1,067.4)	$	(99.2)	$	(8.5)	$	(41.5)	$	(1,216.6)
OCI before reclassifications		—		14.7		1.6		—	16.3
Amounts reclassified from AOCI	(a)	15.6	(b)	—	(c)	3.2	(d)	8.7	27.5
Net current-period OCI		15.6		14.7		4.8		8.7	43.8
Balance, June 30, 2020	$	(1,051.8)	$	(84.5)	$	(3.7)	$	(32.8)	$	(1,172.8)
Attributable to noncontrolling interests:
Balance, March 31, 2020	$	—	$	9.0	$	—	$	—	$	9.0
OCI before reclassifications		—		(0.5)		—		—	(0.5)
Amounts reclassified from AOCI		—	(b)	—		—		—	—
Net current-period OCI		—		(0.5)		—		—	(0.5)
Balance, June 30, 2020	$	—	$	8.5	$	—	$	—	$	8.5

The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the six month period ended June 30, 2020 were as follows (in millions):

	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, December 31, 2019	$	(1,083.1)	$	(76.6)	$	(0.5)	$	(41.5)	$	(1,201.7)
OCI before reclassifications		—		(7.9)		(7.8)		—	(15.7)
Amounts reclassified from AOCI	(a)	31.3	(b)	—	(c)	4.6	(d)	8.7	44.6
Net current-period OCI		31.3		(7.9)		(3.2)		8.7	28.9
Balance, June 30, 2020	$	(1,051.8)	$	(84.5)	$	(3.7)	$	(32.8)	$	(1,172.8)
Attributable to noncontrolling interests:
Balance, December 31, 2019	$	—	$	9.8	$	—	$	—	$	9.8
OCI before reclassifications		—		(1.3)		—		—	(1.3)
Amounts reclassified from AOCI		—	(b)	—		—		—	—
Net current-period OCI		—		(1.3)		—		—	(1.3)
Balance, June 30, 2020	$	—	$	8.5	$	—	$	—	$	8.5

(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11).

(b)No amounts were reclassified to earnings.

(c)Amounts related to derivatives are included in cost of goods sold or interest expense in the period or periods the hedged item affects earnings (see Note 9).

(d)Represents the net change in deferred tax asset valuation allowances on changes in AOCI balances between the balance sheet dates.

The changes in AOCI by component, net of tax, for the three month period ended June 30, 2019 were as follows (in millions):

	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, March 31, 2019	$	(989.7)	$	(68.1)	$	3.9	$	(41.6)	$	(1,095.5)
OCI before reclassifications		—		(4.9)		(4.3)		—	(9.2)
Amounts reclassified from AOCI	(a)	16.3	(b)	—	(c)	0.4	(d)	3.6	20.3
Net current-period OCI		16.3		(4.9)		(3.9)		3.6	11.1
Balance, June 30, 2019	$	(973.4)	$	(73.0)	$	—	$	(38.0)	$	(1,084.4)
Attributable to noncontrolling interests:
Balance, March 31, 2019	$	—	$	16.3	$	—	$	—	$	16.3
OCI before reclassifications		—		(3.6)		—		—	(3.6)
Amounts reclassified from AOCI		—	(b)	—		—		—	—
Net current-period OCI		—		(3.6)		—		—	$	(3.6)
Balance, June 30, 2019	$	—	$	12.7	$	—	$	—	$	12.7

The changes in AOCI by component, net of tax, for the six month period ended June 30, 2019 were as follows (in millions):

	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, December 31, 2018	$	(1,005.8)	$	(73.9)	$	(4.8)	$	(49.3)	$	(1,133.8)
OCI before reclassifications		—		0.9		3.7		—	4.6
Amounts reclassified from AOCI	(a)	32.4	(b)	—	(c)	1.1	(d)	11.3	44.8
Net current-period OCI		32.4		0.9		4.8		11.3	49.4
Balance, June 30, 2019	$	(973.4)	$	(73.0)	$	—	$	(38.0)	$	(1,084.4)
Attributable to noncontrolling interests:
Balance, December 31, 2018	$	—	$	11.1	$	—	$	—	$	11.1
OCI before reclassifications		—		1.6		—		—	1.6
Amounts reclassified from AOCI		—	(b)	—		—		—	—
Net current-period OCI		—		1.6		—		—	$	1.6
Balance, June 30, 2019	$	—	$	12.7	$	—	$	—	$	12.7

(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11).

(b)No amounts were reclassified to earnings.

(c)Amounts related to derivatives are included in cost of goods sold in the period or periods the hedged item affects earnings (see Note 9).

(d)Represents the net change in deferred tax asset valuation allowances on changes in AOCI balances between the balance sheet dates.

Reclassification out of Accumulated Other Comprehensive Income

Reclassifications out of AOCI for the three and six month periods ended June 30, 2020 and 2019 were as follows: 

	Amount reclassified from AOCI
Details about AOCI Components (In millions)	Three months ended June 30, 2020		Three months ended June 30, 2019		Six months ended June 30, 2020		Six months ended June 30, 2019			Affected line item in the statements of operations
Postretirement benefit plans
Prior service credit	$	0.8	$	0.6	$	1.5	$	1.2	(a)
Actuarial losses	(21.3)		(21.8)		(42.6)		(43.5)		(a)
	(20.5)		(21.2)		(41.1)		(42.3)		(c)	Total before tax
	(4.9)		(4.9)		(9.8)		(9.9)			Tax benefit (d)
	$	(15.6)	$	(16.3)	$	(31.3)	$	(32.4)		Net of tax
Derivatives
Nickel and other raw material contracts	$	(2.3)	$	(0.3)	$	(2.6)	$	(0.8)	(b)
Natural gas contracts	(1.3)		(0.1)		(2.6)		—		(b)
Foreign exchange contracts	(0.1)		—		(0.1)		(0.4)		(b)
Interest rate swap	(0.5)		(0.1)		(0.7)		(0.2)		(b)
	(4.2)		(0.5)		(6.0)		(1.4)		(c)	Total before tax
	(1.0)		(0.1)		(1.4)		(0.3)			Tax benefit (d)
	$	(3.2)	$	(0.4)	$	(4.6)	$	(1.1)		Net of tax

(a)Amounts are reported in nonoperating retirement benefit expense (see Note 11).

(b)Amounts related to derivatives, with the exception of the interest rate swap, are included in cost of goods sold in the period or periods the hedged item affects earnings. Amounts related to the interest rate swap are included in interest expense in the same period as the interest expense on the Term Loan is recognized in earnings (see Note 8).

(c)For pretax items, positive amounts are income and negative amounts are expense in terms of the impact to net income. Tax effects are presented in conformity with ATI’s presentation in the consolidated statements of operations.

(d)These amounts exclude the impact of any deferred tax asset valuation allowances, when applicable.