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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 425.6 $ 743.9
Accounts receivable, net 719.8 625.0
Short-term contract assets 87.6 59.1
Inventories, net 1,317.5 1,247.5
Prepaid expenses and other current assets 102.4 62.2
Total current assets 2,652.9 2,737.7
Property, plant and equipment, net 1,705.5 1,665.9
Goodwill 227.2 227.2
Other assets 335.8 354.3
Total assets 4,921.4 4,985.1
Current Liabilities:    
Accounts payable 524.5 524.8
Short-term contract liabilities 160.9 163.6
Short-term debt and current portion of long-term debt 316.8 31.9
Other current liabilities 243.4 256.8
Total current liabilities 1,245.6 977.1
Long-term debt 1,854.0 2,147.7
Accrued postretirement benefits 167.2 175.2
Pension liabilities 37.9 39.7
Other long-term liabilities 148.8 164.9
Total liabilities 3,453.5 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 June 30, 2024 and 132,300,971 shares at December 31, 2023; outstanding-124,463,814 shares at June 30, 2024 and 126,879,099 shares at December 31, 2023 13.4 13.2
Additional paid-in capital 1,712.9 1,697.1
Retained earnings (loss) 78.4 (70.1)
Treasury stock: 9,332,703 shares at June 30, 2024 and 5,421,872 shares at December 31, 2023 (359.3) (184.0)
Accumulated other comprehensive loss, net of tax (90.2) (83.2)
Total ATI stockholders’ equity 1,355.2 1,373.0
Noncontrolling interests    
Noncontrolling interests 112.7 107.5
Total Equity 1,467.9 1,480.5
Total Liabilities and Equity $ 4,921.4 $ 4,985.1