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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]        
Sales $ 1,095.3 $ 1,046.0 $ 2,138.2 $ 2,084.1
Cost of sales 867.9 836.9 1,713.4 1,681.8
Gross profit 227.4 209.1 424.8 402.3
Selling and administrative expenses 88.9 85.4 170.9 166.0
Restructuring charges (credits) (1.9) 2.7 (1.7) 2.7
Loss (gain) on asset sales and sales of businesses, net (2.2) 0.7 (2.2) 0.7
Operating income 142.6 120.3 257.8 232.9
Nonoperating retirement benefit expense (3.7) (2.5) (7.4) (4.9)
Interest expense, net (28.4) (21.3) (55.0) (41.2)
Other income, net 0.4 0.7 0.8 1.3
Income before income taxes 110.9 97.2 196.2 188.1
Income tax provision 25.3 3.7 42.2 8.0
Net income 85.6 93.5 154.0 180.1
Less: Net income attributable to noncontrolling interests 3.7 3.1 6.0 5.2
Net income attributable to ATI $ 81.9 $ 90.4 $ 148.0 $ 174.9
Basic net income attributable to ATI per common share (in dollars per share) $ 0.66 $ 0.70 $ 1.18 $ 1.36
Diluted net income attributable to ATI per common share (in dollars per share) $ 0.58 $ 0.62 $ 1.04 $ 1.20