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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 196.2 $ 584.0
Accounts receivable, net 725.6 579.2
Short-term contract assets 52.7 64.1
Inventories, net 1,293.8 1,195.7
Prepaid expenses and other current assets 48.0 53.4
Total current assets 2,316.3 2,476.4
Property, plant and equipment, net 1,551.8 1,549.1
Goodwill 227.2 227.2
Other assets 192.0 192.9
Total assets 4,287.3 4,445.6
Current Liabilities:    
Accounts payable 447.5 553.3
Short-term contract liabilities 149.7 149.1
Short-term debt and current portion of long-term debt 24.9 41.7
Other current liabilities 201.9 219.8
Total current liabilities 824.0 963.9
Long-term debt 1,702.1 1,706.3
Accrued postretirement benefits 180.0 184.9
Pension liabilities 173.8 225.6
Other long-term liabilities 193.1 207.7
Total liabilities 3,073.0 3,288.4
ATI Stockholders' Equity:    
Preferred stock, par value $0.10: authorized-50,000,000 shares; issued-none 0.0 0.0
Common stock, par value $0.10: authorized-500,000,000 shares; issued-132,228,508 shares at March 31, 2023 and 131,392,262 shares at December 31, 2022; outstanding-128,546,610 shares at March 31, 2023 and 128,273,042 shares at December 31, 2022 13.2 13.1
Additional paid-in capital 1,675.1 1,668.1
Retained earnings 247.0 176.9
Treasury stock: 3,681,898 shares at March 31, 2023 and 3,119,220 shares at December 31, 2022 (107.8) (87.0)
Accumulated other comprehensive loss, net of tax (731.0) (725.2)
Total ATI stockholders’ equity 1,096.5 1,045.9
Noncontrolling interests    
Noncontrolling interests 117.8 111.3
Total Equity 1,214.3 1,157.2
Total Liabilities and Equity $ 4,287.3 $ 4,445.6