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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 959.5 $ 616.2 $ 1,793.6 $ 1,308.7
Cost of sales 784.2 573.5 1,448.9 1,180.2
Gross profit 175.3 42.7 344.7 128.5
Selling and administrative expenses 72.3 60.2 147.5 114.2
Restructuring credits (1.3) (6.2) (2.4) (6.2)
Loss on asset sales and sales of businesses, net 115.9 0.0 134.2 0.0
Operating income (loss) (11.6) (11.3) 65.4 20.5
Nonoperating retirement benefit expense (6.6) (6.8) (12.4) (13.6)
Interest expense, net (23.4) (23.7) (47.0) (47.1)
Other income, net 10.7 1.4 3.2 2.9
Income (loss) before income taxes (30.9) (40.4) 9.2 (37.3)
Income tax provision 3.4 4.0 8.3 9.5
Net income (loss) (34.3) (44.4) 0.9 (46.8)
Less: Net income attributable to noncontrolling interests 3.7 4.8 8.0 10.3
Net loss attributable to ATI $ (38.0) $ (49.2) $ (7.1) $ (57.1)
Basic net loss attributable to ATI per common share (in dollars per share) $ (0.31) $ (0.39) $ (0.06) $ (0.45)
Diluted net loss attributable to ATI per common share (in dollars per share) $ (0.31) $ (0.39) $ (0.06) $ (0.45)