XML 61 R10.htm IDEA: XBRL DOCUMENT v3.20.1
Divestiture (Notes)
9 Months Ended
Mar. 31, 2020
Divestiture [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
DIVESTITURE
During the nine months ended March 31, 2020, we completed the sale of certain assets of the non-core specialty alloys and metals business within the Infrastructure segment located in New Castle, Pennsylvania to Advanced Metallurgical Group N.V. for an aggregate price of $24.0 million.
The net book value of these assets at closing was $29.5 million, and the pre-tax loss on divestiture recognized during the three months ended December 31, 2019 was $6.5 million. Transaction proceeds were primarily used for capital expenditures related to our simplification/modernization efforts.