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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 267.1 $ 584.0
Accounts receivable, net 710.1 579.2
Short-term contract assets 51.8 64.1
Inventories, net 1,380.4 1,195.7
Prepaid expenses and other current assets 49.2 53.4
Total current assets 2,458.6 2,476.4
Property, plant and equipment, net 1,568.1 1,549.1
Goodwill 227.2 227.2
Other assets 180.8 192.9
Total assets 4,434.7 4,445.6
Current Liabilities:    
Accounts payable 467.7 553.3
Short-term contract liabilities 137.8 149.1
Short-term debt and current portion of long-term debt 73.9 41.7
Other current liabilities 218.1 219.8
Total current liabilities 897.5 963.9
Long-term debt 1,699.9 1,706.3
Accrued postretirement benefits 176.7 184.9
Pension liabilities 172.0 225.6
Other long-term liabilities 179.4 207.7
Total liabilities 3,125.5 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-132,268,866 shares at June 30, 2023 and 131,392,262 shares at December 31, 2022; outstanding-128,584,727 shares at June 30, 2023 and 128,273,042 shares at December 31, 2022 13.2 13.1
Additional paid-in capital 1,682.0 1,668.1
Retained earnings 323.0 176.9
Treasury stock: 3,684,139 shares at June 30, 2023 and 3,119,220 shares at December 31, 2022 (107.9) (87.0)
Accumulated other comprehensive loss, net of tax (716.3) (725.2)
Total ATI stockholders’ equity 1,194.0 1,045.9
Noncontrolling interests    
Noncontrolling interests 115.2 111.3
Total Equity 1,309.2 1,157.2
Total Liabilities and Equity $ 4,434.7 $ 4,445.6