ATI Announces Second Quarter 2018 Results
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Allegheny Technologies Incorporated and Subsidiaries
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Condensed Consolidated Balance Sheets
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(Current period unaudited, dollars in millions)
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June 30,
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December 31,
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2018
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2017
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ASSETS
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Current Assets:
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Cash and cash equivalents
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$
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122.4
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$
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141.6
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Accounts receivable, net of allowances for
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doubtful accounts
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621.9
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545.3
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Short-term contract assets
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47.7
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-
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Inventories, net
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1,254.1
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1,176.1
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Prepaid expenses and other current assets
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80.2
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52.7
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Total Current Assets
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2,126.3
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1,915.7
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Property, plant and equipment, net
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2,479.0
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2,495.7
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Goodwill
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531.0
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531.4
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Other assets
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257.0
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242.6
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Total Assets
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$
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5,393.3
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$
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5,185.4
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LIABILITIES AND EQUITY
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Current Liabilities:
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Accounts payable
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$
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429.3
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$
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420.1
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Accrued liabilities
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225.3
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282.4
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Short-term contract liabilities
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70.4
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-
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Short-term debt and current
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portion of long-term debt
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16.3
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10.1
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Total Current Liabilities
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741.3
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712.6
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Long-term debt
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1,535.5
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1,530.6
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Accrued postretirement benefits
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306.1
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317.8
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Pension liabilities
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677.6
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697.0
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Deferred income taxes
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9.7
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9.7
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Long-term contract liabilities
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14.6
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-
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Other long-term liabilities
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66.6
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73.2
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Total Liabilities
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3,351.4
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3,340.9
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Total ATI stockholders' equity
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1,925.0
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1,739.4
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Noncontrolling interests
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116.9
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105.1
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Total Equity
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2,041.9
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1,844.5
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Total Liabilities and Equity
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$
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5,393.3
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$
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5,185.4
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