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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales $ 1,046.0 $ 959.5 $ 2,084.1 $ 1,793.6
Cost of sales 836.9 784.2 1,681.8 1,448.9
Gross profit 209.1 175.3 402.3 344.7
Selling and administrative expenses 85.4 72.3 166.0 147.5
Restructuring charges (credits) 2.7 (1.3) 2.7 (2.4)
Loss on asset sales and sales of businesses, net 0.7 115.9 0.7 134.2
Operating income (loss) 120.3 (11.6) 232.9 65.4
Nonoperating retirement benefit expense (16.9) (6.6) (33.7) (12.4)
Interest expense, net (21.3) (23.4) (41.2) (47.0)
Other income, net 0.7 10.7 1.3 3.2
Income (loss) before income taxes 82.8 (30.9) 159.3 9.2
Income tax provision 3.7 3.4 8.0 8.3
Net income (loss) 79.1 (34.3) 151.3 0.9
Less: Net income attributable to noncontrolling interests 3.1 3.7 5.2 8.0
Net income (loss) attributable to ATI $ 76.0 $ (38.0) $ 146.1 $ (7.1)
Basic net income (loss) attributable to ATI per common share (in dollars per share) $ 0.59 $ (0.31) $ 1.14 $ (0.06)
Diluted net income (loss) attributable to ATI per common share (in dollars per share) $ 0.52 $ (0.31) $ 1.01 $ (0.06)