$CRS
CARPENTER TECHNOLOGY CORP

2020 Q3 Form 10-Q Financial Statement

#000001784320000088 Filed on October 22, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $353.3M $585.4M
YoY Change -39.65% 2.27%
Cost Of Revenue $349.8M $472.8M
YoY Change -26.02% -1.64%
Gross Profit $3.500M $112.6M
YoY Change -96.89% 22.79%
Gross Profit Margin 0.99% 19.23%
Selling, General & Admin $42.30M $52.80M
YoY Change -19.89% 13.06%
% of Gross Profit 1208.57% 46.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.90M $30.60M
YoY Change 0.98% 3.03%
% of Gross Profit 882.86% 27.18%
Operating Expenses $42.30M $52.80M
YoY Change -19.89% 13.06%
Operating Profit -$48.80M $59.80M
YoY Change -181.61% 32.89%
Interest Expense $6.700M $5.400M
YoY Change 24.07% -14.29%
% of Operating Profit 9.03%
Other Income/Expense, Net -$2.300M -$300.0K
YoY Change 666.67% -118.75%
Pretax Income -$66.00M $54.10M
YoY Change -222.0% 34.24%
Income Tax -$18.90M $12.90M
% Of Pretax Income 23.84%
Net Earnings -$47.10M $41.20M
YoY Change -214.32% 30.79%
Net Earnings / Revenue -13.33% 7.04%
Basic Earnings Per Share -$0.98 $0.85
Diluted Earnings Per Share -$0.98 $0.85
COMMON SHARES
Basic Shares Outstanding 48.30M shares 47.90M shares
Diluted Shares Outstanding 48.30M shares 48.30M shares

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $218.9M $24.60M
YoY Change 789.84% 44.71%
Cash & Equivalents $218.9M $24.60M
Short-Term Investments
Other Short-Term Assets $84.60M $64.00M
YoY Change 32.19% 30.61%
Inventory $633.9M $837.6M
Prepaid Expenses
Receivables $250.5M $383.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.188B $1.310B
YoY Change -9.29% 10.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.334B $1.380B
YoY Change -3.34% 4.81%
Goodwill $292.3M $324.5M
YoY Change -9.92% 20.77%
Intangibles $46.50M $64.90M
YoY Change -28.35% 5.19%
Long-Term Investments
YoY Change
Other Assets $263.2M $258.3M
YoY Change 1.9% 53.84%
Total Long-Term Assets $1.941B $2.032B
YoY Change -4.48% 11.67%
TOTAL ASSETS
Total Short-Term Assets $1.188B $1.310B
Total Long-Term Assets $1.941B $2.032B
Total Assets $3.129B $3.342B
YoY Change -6.37% 11.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.2M $259.9M
YoY Change -56.06% 1.56%
Accrued Expenses $150.3M $129.1M
YoY Change 16.42% 20.09%
Deferred Revenue $11.30M $11.70M
YoY Change -3.42% -6.4%
Short-Term Debt $0.00 $77.60M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $264.5M $466.6M
YoY Change -43.31% 28.4%
LONG-TERM LIABILITIES
Long-Term Debt $693.8M $550.9M
YoY Change 25.94% 0.99%
Other Long-Term Liabilities $108.1M $103.3M
YoY Change 4.65% 76.28%
Total Long-Term Liabilities $801.9M $654.2M
YoY Change 22.58% 8.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $264.5M $466.6M
Total Long-Term Liabilities $801.9M $654.2M
Total Liabilities $1.721B $1.765B
YoY Change -2.45% 16.32%
SHAREHOLDERS EQUITY
Retained Earnings $1.511B $1.637B
YoY Change -7.67% 9.21%
Common Stock $596.0M $597.3M
YoY Change -0.22% 1.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $319.3M $329.5M
YoY Change -3.1% -1.91%
Treasury Stock Shares 8.031M shares 8.250M shares
Shareholders Equity $1.408B $1.577B
YoY Change
Total Liabilities & Shareholders Equity $3.129B $3.342B
YoY Change -6.37% 11.1%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$47.10M $41.20M
YoY Change -214.32% 30.79%
Depreciation, Depletion And Amortization $30.90M $30.60M
YoY Change 0.98% 3.03%
Cash From Operating Activities $88.00M $700.0K
YoY Change 12471.43% -92.55%
INVESTING ACTIVITIES
Capital Expenditures -$33.30M -$47.50M
YoY Change -29.89% 14.18%
Acquisitions
YoY Change
Other Investing Activities $17.60M $100.0K
YoY Change 17500.0% -96.67%
Cash From Investing Activities -$15.70M -$47.40M
YoY Change -66.88% 22.8%
FINANCING ACTIVITIES
Cash Dividend Paid $9.700M $9.700M
YoY Change 0.0% 1.04%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$45.70M $43.30M
YoY Change -205.54% -512.38%
NET CHANGE
Cash From Operating Activities $88.00M $700.0K
Cash From Investing Activities -$15.70M -$47.40M
Cash From Financing Activities -$45.70M $43.30M
Net Change In Cash $25.80M -$2.400M
YoY Change -1175.0% -93.88%
FREE CASH FLOW
Cash From Operating Activities $88.00M $700.0K
Capital Expenditures -$33.30M -$47.50M
Free Cash Flow $121.3M $48.20M
YoY Change 151.66% -5.49%

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7900000 USD
CY2020Q3 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
250000000.0 USD
CY2019Q3 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
CY2020Q3 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
395500000 USD
CY2019Q3 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2020Q3 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
8200000 USD
CY2019Q3 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2020Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1100000 USD
CY2019Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2020Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
9700000 USD
CY2019Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7500000 USD
CY2019Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
9700000 USD
CY2020Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2019Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2600000 USD
CY2020Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2200000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-45700000 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43300000 USD
CY2020Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-800000 USD
CY2019Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1000000.0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25800000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2400000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193100000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27000000.0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218900000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24600000 USD
CY2020Q3 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
9000000.0 USD
CY2019Q3 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
19600000 USD
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1445700000 USD
CY2020Q3 us-gaap Net Income Loss
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-47100000 USD
CY2020Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-3600000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
8300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
5700000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2020Q3 us-gaap Dividends Common Stock Cash
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9700000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000000.0 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1407500000 USD
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1520100000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
41200000 USD
CY2019Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-3000000.0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
26700000 USD
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5500000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9700000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1400000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2600000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1577000000.0 USD
CY2020Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
10000000.0 USD
CY2019Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
CY2020Q3 crs Non Cash Asset Impairment Charges
NonCashAssetImpairmentCharges
8700000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
1300000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
9500000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
1300000 USD
CY2020Q3 us-gaap Payments For Restructuring
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6500000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
4300000 USD
CY2020Q3 crs Revenue From Contract With Customer Payment Terms
RevenueFromContractWithCustomerPaymentTerms
P30D
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11300000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12300000 USD
CY2020Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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217600000 USD
CY2020Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
353300000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
585400000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
353300000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
585400000 USD
CY2020Q3 us-gaap Net Income Loss
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-47100000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
41200000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
400000 USD
CY2020Q3 us-gaap Undistributed Earnings
UndistributedEarnings
-47100000 USD
CY2019Q3 us-gaap Undistributed Earnings
UndistributedEarnings
40800000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47900000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.98
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-47100000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
41200000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
400000 USD
CY2020Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
-47100000 USD
CY2019Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
40800000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47900000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48300000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.98
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2020Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
192100000 USD
CY2020Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
264300000 USD
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
312300000 USD
CY2020Q3 crs Inventory Finished Goods And Purchased Parts Net Of Reserves
InventoryFinishedGoodsAndPurchasedPartsNetOfReserves
177500000 USD
CY2020Q2 crs Inventory Finished Goods And Purchased Parts Net Of Reserves
InventoryFinishedGoodsAndPurchasedPartsNetOfReserves
194400000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
633900000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
724300000 USD
CY2020Q3 crs Other Than Lifo Inventory Amount
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126100000 USD
CY2020Q2 crs Other Than Lifo Inventory Amount
OtherThanLIFOInventoryAmount
136300000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
47000000.0 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
50400000 USD
CY2020Q3 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
27300000 USD
CY2020Q2 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
20200000 USD
CY2020Q3 us-gaap Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
14000000.0 USD
CY2020Q2 us-gaap Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
14000000.0 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11300000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12300000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11100000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11500000 USD
CY2020Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
7000000.0 USD
CY2020Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
11100000 USD
CY2020Q3 us-gaap Interest Payable Current
InterestPayableCurrent
5400000 USD
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
10400000 USD
CY2020Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
700000 USD
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1000000.0 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
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26500000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27000000.0 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
150300000 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
157900000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
693800000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
551800000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P8Y
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
693800000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
551800000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5600000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
100000 USD
CY2020Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
17700000 USD
CY2019Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
7400000 USD
CY2020Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2800000 USD
CY2019Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2000000.0 USD
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates
-100000 USD
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
16100000 USD
CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
16000000.0 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3600000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
800000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
800000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
200000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
100000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
4600000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
4300000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3500000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3300000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1400000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
900000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
46600000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
52000000.0 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11100000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11500000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45300000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
50300000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
56400000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
61800000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10900000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11500000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9900000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7700000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4800000 USD
CY2020Q3 crs Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
23600000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
68400000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12000000.0 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
56400000 USD
CY2020Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
12300000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
13300000 USD
CY2020Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
13800000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
40500000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
2900000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
5300000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
353300000 USD
CY2020Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
349800000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
14900000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
585400000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
472800000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
5400000 USD
CY2020Q3 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
300000 USD
CY2020Q3 us-gaap Hedged Liability Fair Value Hedge
HedgedLiabilityFairValueHedge
0 USD
CY2020Q2 us-gaap Hedged Liability Fair Value Hedge
HedgedLiabilityFairValueHedge
152800000 USD
CY2020Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
0 USD
CY2020Q2 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
2800000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.286
CY2020Q3 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1400000 USD
CY2019Q3 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
100000 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2700000 USD
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
200000 USD
CY2020Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
1000000.0 USD
CY2019Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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700000 USD
CY2020Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2019Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
100000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2300000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-300000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18900000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12900000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2020Q3 crs Effective Income Tax Rate Reconciliation Debt Prepayment Costs Amount
EffectiveIncomeTaxRateReconciliationDebtPrepaymentCostsAmount
-2000000.0 USD
CY2020Q3 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
-2400000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1200000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-400000 USD
CY2020Q3 crs Operating Loss Carryforward Income Tax Expense Benefit Cares Act
OperatingLossCarryforwardIncomeTaxExpenseBenefitCARESAct
-7000000.0 USD
CY2020Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
353300000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
585400000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-48800000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
59800000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30900000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30600000 USD
CY2020Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
33300000 USD
CY2019Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
47500000 USD
CY2020Q3 us-gaap Assets
Assets
3128700000 USD
CY2020Q2 us-gaap Assets
Assets
3227200000 USD
CY2020Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
16200000 USD
CY2020Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1400000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
17600000 USD
CY2019Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
25200000 USD
CY2019Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1000000.0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24200000 USD

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0000017843-20-000088-index.html Edgar Link pending
0000017843-20-000088.txt Edgar Link pending
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crs-20200930.htm Edgar Link pending
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crs-20200930_cal.xml Edgar Link unprocessable
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