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STATEMENTS OF CONSOLIDATED STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2021 $ 692.5 $ 0.2 $ 1,078.9 $ 93.0 $ (475.9) $ (3.7)
Beginning balance (shares) at Dec. 31, 2021   15,865,118        
Net income 8.1     8.1    
Other comprehensive income, net of tax 18.0         18.0
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   58,641        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (1.9)   (1.9)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares)   (19,643)        
Cash dividends declared [1] (12.5)     (12.5)    
Amortization of unearned equity compensation 4.0   4.0      
Ending balance at Mar. 31, 2022 708.2 $ 0.2 1,081.0 88.6 (475.9) 14.3
Ending balance (shares) at Mar. 31, 2022   15,904,116        
Beginning balance at Dec. 31, 2021 692.5 $ 0.2 1,078.9 93.0 (475.9) (3.7)
Beginning balance (shares) at Dec. 31, 2021   15,865,118        
Net income (3.2)          
Other comprehensive income, net of tax (18.0)          
Ending balance at Sep. 30, 2022 642.0 $ 0.2 1,087.2 52.2 (475.9) (21.7)
Ending balance (shares) at Sep. 30, 2022   15,940,580        
Beginning balance at Mar. 31, 2022 708.2 $ 0.2 1,081.0 88.6 (475.9) 14.3
Beginning balance (shares) at Mar. 31, 2022   15,904,116        
Net income (13.8)     (13.8)    
Other comprehensive income, net of tax (35.6)         (35.6)
Common shares issued (including impacts from Long-Term Incentive programs) 0.6   0.6      
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   18,101        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares)   (155)        
Cash dividends declared [1] (12.6)     (12.6)    
Amortization of unearned equity compensation 3.2   3.2      
Ending balance at Jun. 30, 2022 650.0 $ 0.2 1,084.8 62.2 (475.9) (21.3)
Ending balance (shares) at Jun. 30, 2022   15,922,062        
Net income 2.5     2.5    
Other comprehensive income, net of tax (0.4)         (0.4)
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   30,476        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (0.9)   (0.9)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares)   (11,958)        
Cash dividends declared [1] (12.5)     (12.5)    
Amortization of unearned equity compensation 3.3   3.3      
Ending balance at Sep. 30, 2022 642.0 $ 0.2 1,087.2 52.2 (475.9) (21.7)
Ending balance (shares) at Sep. 30, 2022   15,940,580        
Beginning balance at Dec. 31, 2022 $ 631.2 $ 0.2 1,090.4 13.3 (475.9) 3.2
Beginning balance (shares) at Dec. 31, 2022 15,940,756 15,940,756 [2]        
Net income $ 15.9     15.9    
Other comprehensive income, net of tax (1.1)         (1.1)
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [2]   49,128        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (1.3)   (1.3)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares) [2]   (15,848)        
Cash dividends declared [3] (12.5)     (12.5)    
Amortization of unearned equity compensation 3.4   3.4      
Ending balance at Mar. 31, 2023 635.6 $ 0.2 1,092.5 16.7 (475.9) 2.1
Ending balance (shares) at Mar. 31, 2023 [2]   15,974,036        
Beginning balance at Dec. 31, 2022 $ 631.2 $ 0.2 1,090.4 13.3 (475.9) 3.2
Beginning balance (shares) at Dec. 31, 2022 15,940,756 15,940,756 [2]        
Net income $ 39.6          
Other comprehensive income, net of tax (2.4)          
Ending balance at Sep. 30, 2023 $ 640.7 $ 0.2 1,100.4 15.2 (475.9) 0.8
Ending balance (shares) at Sep. 30, 2023 16,013,818 16,013,818 [2]        
Beginning balance at Mar. 31, 2023 $ 635.6 $ 0.2 1,092.5 16.7 (475.9) 2.1
Beginning balance (shares) at Mar. 31, 2023 [2]   15,974,036        
Net income 18.3     18.3    
Other comprehensive income, net of tax (7.3)         (7.3)
Common shares issued (including impacts from Long-Term Incentive programs) 0.7   0.7      
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [2]   45,164        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (0.4)   (0.4)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares) [2]   (6,036)        
Cash dividends declared [3] (12.6)     (12.6)    
Amortization of unearned equity compensation 3.8   3.8      
Ending balance at Jun. 30, 2023 638.1 $ 0.2 1,096.6 22.4 (475.9) (5.2)
Ending balance (shares) at Jun. 30, 2023 [2]   16,013,164        
Net income 5.4     5.4    
Other comprehensive income, net of tax 6.0         6.0
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [2]   1,000        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (0.1)   (0.1)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares) [2]   (346)        
Cash dividends declared [3] (12.6)     (12.6)    
Amortization of unearned equity compensation 3.9   3.9      
Ending balance at Sep. 30, 2023 $ 640.7 $ 0.2 $ 1,100.4 $ 15.2 $ (475.9) $ 0.8
Ending balance (shares) at Sep. 30, 2023 16,013,818 16,013,818 [2]        
[1] Dividends declared per common share were $0.77 for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022.
[2] At September 30, 2023, 506,918 shares were available for awards under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan (“2021 Plan”)
[3] Dividends declared per common share were $0.77 for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023.