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Supplemental Financial Statement Information - (Notes)
 6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
Supplemental Financial Statement Information Supplemental Financial Statement Information
Other income (expense), net for the quarters and year-to-date periods ended June 30, 2024 and July 2, 2023 was as follows:
(in millions)Quarter endedYear-to-date period ended
June 30, 2024July 2, 2023June 30, 2024July 2, 2023
Rent and royalty income$0.8 $0.7 $1.6 $1.3 
Gains from disposal of property, plant and equipment, net— — — 0.3 
Net equity loss on joint ventures (See Note 6)(0.4)— (0.8)(0.3)
Total other income, net$0.4 $0.7 $0.8 $1.3 
Restructuring
Restructuring charges were a credit for the quarter and year-to-date period ended June 30, 2024 of $1.9 million and $1.7 million, respectively, primarily for a reduction in severance-related reserves for approximately 80 employees based on changes in planned operating rates and revised workforce reduction estimates, which includes the ongoing restructuring for the Company’s European operations. Restructuring charges for both the quarter and year-to-date periods ended July 2, 2023 were $2.7 million and represent severance for the involuntary reduction of approximately 40 employees across ATI’s domestic operations. These amounts were presented as restructuring charges/credits in the consolidated statements of operations and are excluded from segment EBITDA.
Restructuring reserves for severance cost activity is as follows:
Severance and Employee
Benefit Costs
Balance at December 31, 2023$15.2 
Adjustments(1.7)
Payments(4.1)
Balance at June 30, 2024$9.4 
The $9.4 million restructuring reserve balance at June 30, 2024 is recorded in other current liabilities on the consolidated balance sheet.
Supplier Financing
The Company participates in supplier financing programs with two financial institutions to offer its suppliers the option for access to payment in advance of an invoice due date. Under such programs, these financial institutions provide early payment to suppliers at their request for invoices that ATI has confirmed as valid at a pre-determined discount rate commensurate with the creditworthiness of ATI. As of June 30, 2024 and December 31, 2023, the Company had $33.4 million and $15.6 million, respectively, reported in accounts payable on the consolidated balance sheets under such programs.