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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Sales $ 1,032.0 $ 725.7 $ 2,825.6 $ 2,034.4
Cost of sales 848.2 643.2 2,297.1 1,823.4
Gross profit 183.8 82.5 528.5 211.0
Selling and administrative expenses 73.2 54.9 220.7 169.1
Restructuring credits (2.6) (2.3) (5.0) (8.5)
Loss on asset sales and sales of businesses, net 0.0 0.0 134.2 0.0
Operating income 113.2 29.9 178.6 50.4
Nonoperating retirement benefit income (expense) (6.5) 57.9 (18.9) 44.3
Interest expense, net (20.8) (25.1) (67.8) (72.2)
Other income (expense), net (18.5) 14.5 (15.3) 17.4
Income before income taxes 67.4 77.2 76.6 39.9
Income tax provision 3.0 22.0 11.3 31.5
Net income 64.4 55.2 65.3 8.4
Less: Net income attributable to noncontrolling interests 3.3 6.5 11.3 16.8
Net income (loss) attributable to ATI $ 61.1 $ 48.7 $ 54.0 $ (8.4)
Basic net income (loss) attributable to ATI per common share (in dollars per share) $ 0.47 $ 0.38 $ 0.43 $ (0.07)
Diluted net income (loss) attributable to ATI per common share (in dollars per share) $ 0.42 $ 0.35 $ 0.42 $ (0.07)