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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 1,025.6 $ 1,032.0 $ 3,109.7 $ 2,825.6
Cost of sales 831.0 848.2 2,512.8 2,297.1
Gross profit 194.6 183.8 596.9 528.5
Selling and administrative expenses 69.8 73.2 235.8 220.7
Restructuring charges (credits) (0.5) (2.6) 2.2 (5.0)
Loss on asset sales and sales of businesses, net 0.1 0.0 0.8 134.2
Operating income 125.2 113.2 358.1 178.6
Nonoperating retirement benefit expense (16.9) (6.5) (50.6) (18.9)
Interest expense, net (23.8) (20.8) (65.0) (67.8)
Other income (expense), net 0.0 (18.5) 1.3 (15.3)
Income before income taxes 84.5 67.4 243.8 76.6
Income tax provision 4.9 3.0 12.9 11.3
Net income 79.6 64.4 230.9 65.3
Less: Net income attributable to noncontrolling interests 3.9 3.3 9.1 11.3
Net income attributable to ATI $ 75.7 $ 61.1 $ 221.8 $ 54.0
Basic net income attributable to ATI per common share (in dollars per share) $ 0.59 $ 0.47 $ 1.73 $ 0.43
Diluted net income attributable to ATI per common share (in dollars per share) $ 0.52 $ 0.42 $ 1.53 $ 0.42