Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 28, 2025

Schedule Of Accumulated Other Comprehensive Income Loss

The changes in AOCI by component, net of tax, for the quarter ended September 28, 2025 were as follows (in millions):


	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, June 29, 2025	$	(28.8)	$	(52.0)	$	1.0	$	23.3	$	(56.5)
OCI before reclassifications		—		(2.2)		(2.5)		—	(4.7)
Amounts reclassified from AOCI	(a)	0.9	(c)	—	(d)	1.4	(e)	—	2.3
Net current-period OCI		0.9		(2.2)		(1.1)		—	(2.4)
Balance, September 28, 2025	$	(27.9)	$	(54.2)	$	(0.1)	$	23.3	$	(58.9)
Attributable to noncontrolling interests:
Balance, June 29, 2025	$	—	$	8.7	$	—	$	—	$	8.7
OCI before reclassifications		—		0.6		—		—	0.6
Amounts reclassified from AOCI		—	(c)	—		—		—	—
Net current-period OCI		—		0.6		—		—	0.6
Balance, September 28, 2025	$	—	$	9.3	$	—	$	—	$	9.3

The changes in AOCI by component, net of tax, for the year-to-date period ended September 28, 2025 were as follows (in millions):


	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, December 29, 2024	$	(30.5)	$	(79.8)	$	(2.5)	$	23.3	$	(89.5)
OCI before reclassifications		—		20.5		(1.0)		—	19.5
Amounts reclassified from AOCI	(a)	2.6	(b)	5.1	(d)	3.4	(e)	—	11.1
Net current-period OCI		2.6		25.6		2.4		—	30.6
Balance, September 28, 2025	$	(27.9)	$	(54.2)	$	(0.1)	$	23.3	$	(58.9)
Attributable to noncontrolling interests:
Balance, December 29, 2024	$	—	$	5.7	$	—	$	—	$	5.7
OCI before reclassifications		—		3.6		—		—	3.6
Amounts reclassified from AOCI		—	(c)	—		—		—	—
Net current-period OCI		—		3.6		—		—	3.6
Balance, September 28, 2025	$	—	$	9.3	$	—	$	—	$	9.3

(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 12).

(b)Amounts were included in gain/loss of asset sales and sales of businesses, net, as part of the loss on sale of the Birmingham, UK and Dusseldorf, Germany operations (see Note 5).

(c)No amounts were reclassified to earnings.

(d)Amounts related to derivatives are included in sales, cost of goods sold or interest expense in the period or periods the hedged item affects earnings (see Note 9).

(e)Represents the net change in deferred tax asset valuation allowances on changes in AOCI balances between the balance sheet dates.

The changes in AOCI by component, net of tax, for the quarter ended September 29, 2024 were as follows (in millions):


	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, June 30, 2024	$	(30.7)	$	(77.9)	$	(4.9)	$	23.3	$	(90.2)
OCI before reclassifications		—		13.4		(1.5)		—	11.9
Amounts reclassified from AOCI	(a)	0.9	(b)	—	(c)	2.8	(d)	—	3.7
Net current-period OCI		0.9		13.4		1.3		—	15.6
Balance, September 29, 2024	$	(29.8)	$	(64.5)	$	(3.6)	$	23.3	$	(74.6)
Attributable to noncontrolling interests:
Balance, June 30, 2024	$	—	$	6.5	$	—	$	—	$	6.5
OCI before reclassifications		—		4.0		—		—	4.0
Amounts reclassified from AOCI		—	(b)	—		—		—	—
Net current-period OCI		—		4.0		—		—	$	4.0
Balance, September 29, 2024	$	—	$	10.5	$	—	$	—	$	10.5

The changes in AOCI by component, net of tax, for the year-to-date period ended September 29, 2024 were as follows (in millions):


	Post- retirement benefit plans		Currency translation adjustment		Derivatives		Deferred Tax Asset Valuation Allowance		Total
Attributable to ATI:
Balance, December 31, 2023	$	(32.5)	$	(68.4)	$	(6.4)	$	24.1	$	(83.2)
OCI before reclassifications		—		3.9		(3.3)		—	0.6
Amounts reclassified from AOCI	(a)	2.7	(b)	—	(c)	6.1	(d)	(0.8)	8.0
Net current-period OCI		2.7		3.9		2.8		(0.8)	8.6
Balance, September 29, 2024	$	(29.8)	$	(64.5)	$	(3.6)	$	23.3	$	(74.6)
Attributable to noncontrolling interests:
Balance, December 31, 2023	$	—	$	7.3	$	—	$	—	$	7.3
OCI before reclassifications		—		3.2		—		—	3.2
Amounts reclassified from AOCI		—	(b)	—		—		—	—
Net current-period OCI		—		3.2		—		—	$	3.2
Balance, September 29, 2024	$	—	$	10.5	$	—	$	—	$	10.5

(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 12).

(b)No amounts were reclassified to earnings.

(c)Amounts related to derivatives are included in sales, cost of goods sold or interest expense in the period or periods the hedged item affects earnings (see Note 9).

(d)Represents the net change in deferred tax asset valuation allowances on changes in AOCI balances between the balance sheet dates. The income tax provision for the year-to-date period ended September 29, 2024 includes $0.8 million of a tax benefit for the recognition of a stranded deferred tax valuation allowance that was associated with the Company’s interest rate swap due to its maturity.

Reclassification out of Accumulated Other Comprehensive Income

Reclassifications out of AOCI for the quarters and year-to-date periods ended September 28, 2025 and September 29, 2024 were as follows:



Details about AOCI Components (In millions)	Three months ended September 28, 2025		Three months ended September 29, 2024		Year-to-date period ended September 28, 2025		Year-to-date period ended September 29, 2024			Affected line item in the statements of operations
Postretirement benefit plans
Prior service credit	$	0.2	0.1		$	0.4	0.4		(a)
Actuarial losses	(1.2)		(1.3)		(3.8)		(3.9)		(a)
	(1.0)		(1.2)		(3.4)		(3.5)		(d)	Total before tax
	(0.1)		(0.3)		(0.8)		(0.8)			Tax benefit (e)
	$	(0.9)	$	(0.9)	$	(2.6)	$	(2.7)		Net of tax

Currency translation adjustment	$	—	$	—	$	(5.1)	$	—	(b,d)

Derivatives
Nickel and other raw material contracts	$	(1.4)	$	(1.9)	$	(4.3)	$	(3.3)	(c)
Natural gas contracts	(0.4)		(1.8)		(0.2)		(6.5)		(c)
Foreign exchange contracts	—		—		0.1		0.2		(c)
Interest rate swap	—		—		—		1.6		(c)
	(1.8)		(3.7)		(4.4)		(8.0)		(d)	Total before tax
	(0.4)		(0.9)		(1.0)		(1.9)			Tax benefit (e)
	$	(1.4)	$	(2.8)	$	(3.4)	$	(6.1)		Net of tax

(a)Amounts are reported in nonoperating retirement benefit expense (see Note 12).

(b)Amounts in 2025 were included in gain/loss on asset sales and sales of businesses, net, as part of the loss on sale of the Birmingham, UK and Dusseldorf, Germany operations (see Note 5).

(c)Amounts related to derivatives, with the exception of the interest rate swap, are included in sales or cost of goods sold in the period or periods the hedged item affects earnings. Amounts related to the interest rate swap are included in interest expense in the same period as the interest expense on the Term Loan is recognized in earnings (see Note 9).

(d)For pre-tax items, positive amounts are income and negative amounts are expense in terms of the impact to net income. Tax effects are presented in conformity with ATI’s presentation in the consolidated statements of operations.

(e)These amounts exclude the impact of any deferred tax asset valuation allowances, when applicable.