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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Income Statement [Abstract]        
Sales $ 1,051.2 $ 1,025.6 $ 3,189.4 $ 3,109.7
Cost of sales 826.4 831.0 2,539.8 2,512.8
Gross profit 224.8 194.6 649.6 596.9
Selling and administrative expenses 82.4 69.8 253.3 235.8
Restructuring charges (credits) 0.5 (0.5) (1.2) 2.2
Loss (gain) on asset sales and sales of businesses, net (0.3) 0.1 (2.5) 0.8
Operating income 142.2 125.2 400.0 358.1
Nonoperating retirement benefit expense (3.7) (2.4) (11.1) (7.3)
Interest expense, net (28.0) (23.8) (83.0) (65.0)
Other income, net 4.4 0.0 5.2 1.3
Income before income taxes 114.9 99.0 311.1 287.1
Income tax provision 28.3 4.9 70.5 12.9
Net income 86.6 94.1 240.6 274.2
Less: Net income attributable to noncontrolling interests 3.9 3.9 9.9 9.1
Net income attributable to ATI $ 82.7 $ 90.2 $ 230.7 $ 265.1
Basic net income attributable to ATI per common share (in dollars per share) $ 0.64 $ 0.70 $ 1.82 $ 2.06
Diluted net income attributable to ATI per common share (in dollars per share) $ 0.57 $ 0.62 $ 1.61 $ 1.82