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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 394.4 $ 743.9
Accounts receivable, net 720.5 625.0
Short-term contract assets 65.3 59.1
Inventories, net 1,284.9 1,247.5
Prepaid expenses and other current assets 52.8 62.2
Total current assets 2,517.9 2,737.7
Property, plant and equipment, net 1,688.9 1,665.9
Goodwill 227.2 227.2
Other assets 348.1 354.3
Total assets 4,782.1 4,985.1
Current Liabilities:    
Accounts payable 482.6 524.8
Short-term contract liabilities 161.6 163.6
Short-term debt and current portion of long-term debt 27.1 31.9
Other current liabilities 225.8 256.8
Total current liabilities 897.1 977.1
Long-term debt 2,146.4 2,147.7
Accrued postretirement benefits 170.6 175.2
Pension liabilities 38.8 39.7
Other long-term liabilities 156.0 164.9
Total liabilities 3,408.9 3,504.6
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-133,796,517 shares at March 31, 2024 and 132,300,971 shares at December 31, 2023; outstanding-124,441,401 shares at March 31, 2024 and 126,879,099 shares at December 31, 2023 13.4 13.2
Additional paid-in capital 1,703.1 1,697.1
Retained loss (4.0) (70.1)
Treasury stock: 9,355,116 shares at March 31, 2024 and 5,421,872 shares at December 31, 2023 (360.1) (184.0)
Accumulated other comprehensive loss, net of tax (88.8) (83.2)
Total ATI stockholders’ equity 1,263.6 1,373.0
Noncontrolling interests    
Noncontrolling interests 109.6 107.5
Total Equity 1,373.2 1,480.5
Total Liabilities and Equity $ 4,782.1 $ 4,985.1