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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, 2022 $ 631.2 $ 0.2 $ 1,090.4 $ 13.3 $ (475.9) $ 3.2
Beginning balance (shares) at Dec. 31, 2022   15,940,756        
Net income 15.9     15.9    
Other comprehensive (loss) income, net of tax (1.1)         (1.1)
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   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)   (15,848)        
Cash dividends declared [1] (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   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        
Net income 39.6          
Other comprehensive (loss) 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        
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   15,974,036        
Net income 18.3     18.3    
Other comprehensive (loss) 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)   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)   (6,036)        
Cash dividends declared [1] (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   16,013,164        
Net income 5.4     5.4    
Other comprehensive (loss) income, net of tax 6.0         6.0
Common shares issued (including impacts from Long-Term Incentive programs) (shares)   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)   (346)        
Cash dividends declared [1] (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        
Beginning balance at Dec. 31, 2023 $ 652.2 $ 0.2 1,104.7 10.1 (475.9) 13.1
Beginning balance (shares) at Dec. 31, 2023 16,015,791 16,015,791 [2]        
Net income $ 24.6     24.6    
Other comprehensive (loss) income, net of tax (2.1)         (2.1)
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [2]   56,416        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (1.2)   (1.2)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares) [2]   (16,175)        
Cash dividends declared [3] (12.6)     (12.6)    
Amortization of unearned equity compensation 4.0   4.0      
Ending balance at Mar. 31, 2024 664.9 $ 0.2 1,107.5 22.1 (475.9) 11.0
Ending balance (shares) at Mar. 31, 2024 [2]   16,056,032        
Beginning balance at Dec. 31, 2023 $ 652.2 $ 0.2 1,104.7 10.1 (475.9) 13.1
Beginning balance (shares) at Dec. 31, 2023 16,015,791 16,015,791 [2]        
Net income $ 39.7          
Other comprehensive (loss) income, net of tax 3.2          
Ending balance at Sep. 30, 2024 $ 667.0 $ 0.2 1,114.6 11.8 (475.9) 16.3
Ending balance (shares) at Sep. 30, 2024 16,087,755 16,087,755 [2]        
Beginning balance at Mar. 31, 2024 $ 664.9 $ 0.2 1,107.5 22.1 (475.9) 11.0
Beginning balance (shares) at Mar. 31, 2024 [2]   16,056,032        
Net income 3.1     3.1    
Other comprehensive (loss) income, net of tax 3.2         3.2
Common shares issued (including impacts from Long-Term Incentive programs) 0.5   0.5      
Common shares issued (including impacts from Long-Term Incentive programs) (shares) [2]   38,143        
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (0.6)   (0.6)      
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares/common shares issued (shares) [2]   (7,063)        
Cash dividends declared [3] (12.7)     (12.7)    
Amortization of unearned equity compensation 3.6   3.6      
Ending balance at Jun. 30, 2024 662.0 $ 0.2 1,111.0 12.5 (475.9) 14.2
Ending balance (shares) at Jun. 30, 2024 [2]   16,087,112        
Net income 12.0     12.0    
Other comprehensive (loss) income, net of tax 2.1         2.1
Common shares issued (including impacts from Long-Term Incentive programs) 0.1   0.1      
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 (shares) [2]   (357)        
Cash dividends declared [3] (12.7)     (12.7)    
Amortization of unearned equity compensation 3.5   3.5      
Ending balance at Sep. 30, 2024 $ 667.0 $ 0.2 $ 1,114.6 $ 11.8 $ (475.9) $ 16.3
Ending balance (shares) at Sep. 30, 2024 16,087,755 16,087,755 [2]        
[1] Dividends declared per common share were $0.77 for each of the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023.
[2] At September 30, 2024, 597,415 shares were available for awards under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated
[3] Dividends declared per common share were $0.77 for each of the quarters ended March 31, 2024, June 30, 2024, and September 30, 2024.