$CRS
CARPENTER TECHNOLOGY CORP Stock $crs

$crs Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-K Financial Statement

#000001784323000021 Filed on August 11, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2023
Revenue	$651.9M	$758.1M	$2.550B
YoY Change	24.67%	34.49%	38.88%
Cost Of Revenue	$527.8M	$639.1M	$2.213B
YoY Change	12.75%	29.98%	31.22%
Gross Profit	$124.1M	$119.0M	$337.3M
YoY Change	126.46%	65.28%	125.17%
Gross Profit Margin	19.04%	15.7%	13.23%
Selling, General & Admin	$55.10M	$56.10M	$204.2M
YoY Change	18.49%	18.35%	16.89%
% of Gross Profit	44.4%	47.14%	60.54%
Research & Development			$24.40M
YoY Change			19.61%
% of Gross Profit			7.23%
Depreciation & Amortization	$33.10M	$33.50M	$131.0M
YoY Change	2.48%	1.82%	-0.3%
% of Gross Profit	26.67%	28.15%	38.84%
Operating Expenses	$55.10M	$56.10M	$204.2M
YoY Change	18.49%	18.35%	4.66%
Operating Profit	$69.00M	$62.90M	$133.1M
YoY Change	731.33%	155.69%	-634.54%
Interest Expense	$12.70M	-$14.10M	-$54.10M
YoY Change	0.79%	-22.1%	-220.49%
% of Operating Profit	18.41%	-22.42%	-40.65%
Other Income/Expense, Net	-$4.000M	-$200.0K	-$6.500M
YoY Change	14.29%	-104.08%	-151.18%
Pretax Income	$52.30M	$48.60M	$72.50M
YoY Change	-770.51%	800.0%	-214.9%
Income Tax	$8.400M	$10.20M	$16.10M
% Of Pretax Income	16.06%	20.99%	22.21%
Net Earnings	$43.90M	$38.40M	$56.40M
YoY Change	-736.23%	1376.92%	-214.87%
Net Earnings / Revenue	6.73%	5.07%	2.21%
Basic Earnings Per Share	$0.89		$1.15
Diluted Earnings Per Share	$0.88	$0.78	$1.15
COMMON SHARES
Basic Shares Outstanding	48.85M shares	48.55M shares	48.80M shares
Diluted Shares Outstanding	49.90M shares		49.20M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$18.10M	$44.50M	$44.50M
YoY Change	-65.59%	-71.14%	-71.14%
Cash & Equivalents	$18.10M	$44.50M	$44.50M
Short-Term Investments
Other Short-Term Assets	$86.30M	$66.40M	$66.40M
YoY Change	-6.8%	-23.5%	-23.5%
Inventory	$706.7M	$639.7M	$639.7M
Prepaid Expenses
Receivables	$510.8M	$531.3M	$531.3M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.322B	$1.282B	$1.282B
YoY Change	14.8%	14.52%	14.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.371B	$1.384B	$1.384B
YoY Change	-2.2%	-2.6%	-5.46%
Goodwill	$241.4M	$241.4M
YoY Change	0.0%	0.0%
Intangibles	$26.80M	$28.70M
YoY Change	-18.29%	-18.47%
Long-Term Investments
YoY Change
Other Assets	$108.9M	$118.1M	$118.1M
YoY Change	1.68%	7.56%	62.67%
Total Long-Term Assets	$1.755B	$1.772B	$1.772B
YoY Change	-1.87%	-2.26%	-2.26%
TOTAL ASSETS
Total Short-Term Assets	$1.322B	$1.282B	$1.282B
Total Long-Term Assets	$1.755B	$1.772B	$1.772B
Total Assets	$3.077B	$3.054B	$3.054B
YoY Change	4.66%	4.15%	4.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$315.5M	$278.1M	$278.1M
YoY Change	9.55%	14.87%	14.87%
Accrued Expenses	$133.1M	$181.3M	$181.3M
YoY Change	8.3%	35.81%	53.13%
Deferred Revenue	$11.00M	$14.00M
YoY Change	-28.57%	-2.78%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$448.6M	$459.4M	$459.4M
YoY Change	9.17%	22.31%	22.31%
LONG-TERM LIABILITIES
Long-Term Debt	$693.3M	$693.0M	$693.0M
YoY Change	0.17%	0.17%	0.17%
Other Long-Term Liabilities	$97.70M	$335.1M	$335.1M
YoY Change	2.3%	241.94%	-9.92%
Total Long-Term Liabilities	$791.0M	$1.028B	$1.028B
YoY Change	0.43%	30.17%	-3.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$448.6M	$459.4M	$459.4M
Total Long-Term Liabilities	$791.0M	$1.028B	$1.028B
Total Liabilities	$1.648B	$1.658B	$1.658B
YoY Change	0.88%	3.5%	3.5%
SHAREHOLDERS EQUITY
Retained Earnings	$1.262B	$1.228B
YoY Change	5.67%	1.4%
Common Stock	$603.0M	$609.1M
YoY Change	1.45%	1.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.429B	$1.396B	$1.396B
YoY Change
Total Liabilities & Shareholders Equity	$3.077B	$3.054B	$3.054B
YoY Change	4.66%	4.15%	4.15%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2023
OPERATING ACTIVITIES
Net Income	$43.90M	$38.40M	$56.40M
YoY Change	-736.23%	1376.92%	-214.87%
Depreciation, Depletion And Amortization	$33.10M	$33.50M	$131.0M
YoY Change	2.48%	1.82%	-0.3%
Cash From Operating Activities	$7.400M	$174.9M	$14.70M
YoY Change	-109.49%	63.46%	145.0%
INVESTING ACTIVITIES
Capital Expenditures	$22.00M	$30.80M	$82.30M
YoY Change	-262.96%	-193.9%	-190.14%
Acquisitions
YoY Change
Other Investing Activities		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Cash From Investing Activities	-$22.00M	-$30.80M	-$82.30M
YoY Change	62.96%	-4.94%	-7.63%
FINANCING ACTIVITIES
Cash Dividend Paid	$9.900M		$39.40M
YoY Change	1.02%		0.51%
Common Stock Issuance & Retirement, Net			$5.000M
YoY Change
Debt Paid & Issued, Net			$0.00
YoY Change			-100.0%
Cash From Financing Activities	-$12.90M	-117.2M	-40.10M
YoY Change	-0.77%	-62.88%	-24.05%
NET CHANGE
Cash From Operating Activities	$7.400M	174.9M	14.70M
Cash From Investing Activities	-$22.00M	-30.80M	-82.30M
Cash From Financing Activities	-$12.90M	-117.2M	-40.10M
Net Change In Cash	-$26.40M	26.90M	-107.7M
YoY Change	-74.02%	-111.16%	-19.14%
FREE CASH FLOW
Cash From Operating Activities	$7.400M	$174.9M	$14.70M
Capital Expenditures	$22.00M	$30.80M	$82.30M
Free Cash Flow	-$14.60M	$144.1M	-$67.60M
YoY Change	-77.36%	3.08%	-169.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023	dei	Auditor Firm AuditorFirmId	238
CY2023	dei	Auditor Name AuditorName	PricewaterhouseCoopers LLP
CY2023	dei	Auditor Location AuditorLocation	Philadelphia, Pennsylvania
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CY2023	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	183700000	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	183700000	usd
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
CY2023	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	0	usd
CY2022	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	296600000	usd
CY2021	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	395500000	usd
CY2023	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	300000000.0	usd
CY2021	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	250000000.0	usd
CY2023	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	usd
CY2022	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	6000000.0	usd
CY2021	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	8200000	usd
CY2023	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1900000	usd
CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	800000	usd
CY2021	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2500000	usd
CY2023	us-gaap	Payments Of Dividends PaymentsOfDividends	39400000	usd
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	39200000	usd
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	39100000	usd
CY2023	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5000000.0	usd
CY2022	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
CY2021	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	500000	usd
CY2023	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3800000	usd
CY2022	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3400000	usd
CY2021	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2300000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-40100000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-52800000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-76100000	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-2000000.0	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2700000	usd
CY2021	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-700000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-109700000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-133200000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	94300000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	154200000	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	287400000	usd
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	193100000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	44500000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	154200000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	44500000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	154200000	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	7400000	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	5400000	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	531300000	usd
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	382300000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	639700000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	496100000	usd
CY2023Q2	us-gaap	Other Assets Current OtherAssetsCurrent	66400000	usd
CY2022Q2	us-gaap	Other Assets Current OtherAssetsCurrent	86800000	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	1281900000	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	1119400000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1383800000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1420800000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2022Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	28700000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	35200000	usd
CY2023Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	6600000	usd
CY2022Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	5700000	usd
CY2023Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	111500000	usd
CY2022Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	109800000	usd
CY2023Q2	us-gaap	Assets Assets	3053900000	usd
CY2022Q2	us-gaap	Assets Assets	2932300000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	278100000	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	242100000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	181300000	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	133500000	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	459400000	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	375600000	usd
CY2023Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	693000000.0	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	691800000	usd
CY2023Q2	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	190100000	usd
CY2022Q2	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	196600000	usd
CY2023Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	45800000	usd
CY2022Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	77400000	usd
CY2023Q2	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	170300000	usd
CY2022Q2	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	162400000	usd
CY2023Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	99200000	usd
CY2022Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	98000000.0	usd
CY2023Q2	us-gaap	Liabilities Liabilities	1657800000	usd
CY2022Q2	us-gaap	Liabilities Liabilities	1601800000	usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	56143131	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	56025510	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	48635740	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	48286439	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	280700000	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	280100000	usd
CY2023Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	328400000	usd
CY2022Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	320300000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1228000000	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1211000000	usd
CY2023Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	7507391	shares
CY2022Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	7739071	shares
CY2023Q2	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	298000000.0	usd
CY2022Q2	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	307400000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-143000000.0	usd
CY2022Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-173500000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1396100000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1330500000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3053900000	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2932300000	usd
CY2021Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	5
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	5
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	1445700000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-229600000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-175200000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	18000000.0	usd
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	12500000	usd
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.80
CY2021	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	39100000	usd
CY2021	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	9200000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-49100000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-26200000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-1400000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-6000000.0	usd
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.80
CY2022	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	39200000	usd
CY2022	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	7700000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1330500000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	56400000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-37400000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-12500000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	5600000	usd
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.80
CY2023	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	39400000	usd
CY2023	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	13100000	usd
CY2023	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	5000000.0	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1396100000	usd
CY2020Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	47850468	shares
CY2021	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	11871	shares
CY2021	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	178337	shares
CY2021Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	48040676	shares
CY2022	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	891	shares
CY2022	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	244872	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	48286439	shares
CY2023	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	117621	shares
CY2023	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	231680	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	48635740	shares
CY2023	crs	Sales Discounts Rebates Returns And Allowances SalesDiscountsRebatesReturnsAndAllowances	22800000	usd
CY2022	crs	Sales Discounts Rebates Returns And Allowances SalesDiscountsRebatesReturnsAndAllowances	25800000	usd
CY2021	crs	Sales Discounts Rebates Returns And Allowances SalesDiscountsRebatesReturnsAndAllowances	14400000	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	24400000	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	20400000	usd
CY2021	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	19700000	usd
CY2022Q2	crs	Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag	true
CY2023Q2	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	10100000	usd
CY2022Q2	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	11200000	usd
CY2023Q2	crs	Number Of Former Operating Facility Site Liability For Future Costs Is Discounted To Present Value NumberOfFormerOperatingFacilitySiteLiabilityForFutureCostsIsDiscountedToPresentValue	1	facility
CY2023	crs	Liability For Future Costs Discount Amortization Period LiabilityForFutureCostsDiscountAmortizationPeriod	P20Y
CY2023Q2	us-gaap	Accrual For Environmental Loss Contingencies Discount Rate AccrualForEnvironmentalLossContingenciesDiscountRate	0.05
CY2022Q2	us-gaap	Accrual For Environmental Loss Contingencies Discount Rate AccrualForEnvironmentalLossContingenciesDiscountRate	0.03
CY2023Q2	crs	Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag	true
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="text-indent:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents, investments in marketable securities and trade receivables. Investment and cash management policies have been implemented that limit deposit concentrations and limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by monitoring payment terms and periodic credit evaluations the Company performs on our customers, the short duration of our payment terms and by the diversification of our customer base.
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-indent:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2021	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	16600000	usd
CY2021	crs	Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag	true
CY2022Q2	us-gaap	Restructuring Reserve RestructuringReserve	0	usd
CY2021Q2	us-gaap	Restructuring Reserve RestructuringReserve	1400000	usd
CY2023	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	0	usd
CY2022	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	1400000	usd
CY2023Q2	us-gaap	Restructuring Reserve RestructuringReserve	0	usd
CY2022Q2	us-gaap	Restructuring Reserve RestructuringReserve	0	usd
CY2023	crs	Revenue From Contract With Customer Payment Terms RevenueFromContractWithCustomerPaymentTerms	P30D
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14000000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14400000	usd
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2550300000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1836300000	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1475600000	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2550300000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1836300000	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1475600000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	56400000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-49100000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-229600000	usd
CY2023	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	400000	usd
CY2022	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	100000	usd
CY2021	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	400000	usd
CY2023	us-gaap	Undistributed Earnings UndistributedEarnings	56000000.0	usd
CY2022	us-gaap	Undistributed Earnings UndistributedEarnings	-49200000	usd
CY2021	us-gaap	Undistributed Earnings UndistributedEarnings	-230000000.0	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48800000	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48500000	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48300000	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.15
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.01
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-4.76
CY2023	us-gaap	Net Income Loss NetIncomeLoss	56400000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-49100000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-229600000	usd
CY2023	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	400000	usd
CY2022	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	100000	usd
CY2021	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	400000	usd
CY2023	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	56000000.0	usd
CY2022	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	-49200000	usd
CY2021	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	-230000000.0	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48800000	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48500000	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48300000	shares
CY2023	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	400000	shares
CY2022	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2021	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49200000	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48500000	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48300000	shares
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.14
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.01
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-4.76
CY2023Q2	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	157700000	usd
CY2022Q2	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	127800000	usd
CY2023Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	370100000	usd
CY2022Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	261200000	usd
CY2023Q2	crs	Inventory Finished Goods And Purchased Parts Net Of Reserves InventoryFinishedGoodsAndPurchasedPartsNetOfReserves	111900000	usd
CY2022Q2	crs	Inventory Finished Goods And Purchased Parts Net Of Reserves InventoryFinishedGoodsAndPurchasedPartsNetOfReserves	107100000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	639700000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	496100000	usd
CY2023Q2	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	517200000	usd
CY2022Q2	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	427200000	usd
CY2023Q2	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	1023700000	usd
CY2022Q2	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	800400000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3299800000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3219500000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1916000000	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1798700000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1383800000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1420800000	usd
CY2023	us-gaap	Depreciation Depreciation	107900000	usd
CY2022	us-gaap	Depreciation Depreciation	107600000	usd
CY2021	us-gaap	Depreciation Depreciation	104700000	usd
CY2023	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	16300000	usd
CY2022	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	16900000	usd
CY2021	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	12000000	usd
CY2023	us-gaap	Number Of Reporting Units NumberOfReportingUnits	3	reporting_unit
CY2023	us-gaap	Number Of Reporting Units NumberOfReportingUnits	3	reporting_unit
CY2020Q4	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	52800000	usd
CY2023Q2	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	134600000	usd
CY2021Q2	us-gaap	Goodwill Gross GoodwillGross	376000000.0	usd
CY2022Q2	us-gaap	Goodwill Gross GoodwillGross	376000000.0	usd
CY2023Q2	us-gaap	Goodwill Gross GoodwillGross	376000000.0	usd
CY2021Q2	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	134600000	usd
CY2022Q2	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	134600000	usd
CY2023Q2	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	134600000	usd
CY2021Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2022Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2021Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2022Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	241400000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	115700000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	87000000.0	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	28700000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	115700000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	80500000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	35200000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6800000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6900000	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6900000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	6600000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	6500000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6500000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	4600000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	800000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	92400000	usd
CY2022Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	53200000	usd
CY2023Q2	us-gaap	Interest Payable Current InterestPayableCurrent	18500000	usd
CY2022Q2	us-gaap	Interest Payable Current InterestPayableCurrent	18400000	usd
CY2023Q2	us-gaap	Postemployment Benefits Liability Current PostemploymentBenefitsLiabilityCurrent	16100000	usd
CY2022Q2	us-gaap	Postemployment Benefits Liability Current PostemploymentBenefitsLiabilityCurrent	14100000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14000000.0	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14400000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	9100000	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	9900000	usd
CY2023Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	6400000	usd
CY2022Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	300000	usd
CY2023Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	4900000	usd
CY2022Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	6300000	usd
CY2023Q2	us-gaap	Defined Benefit Pension Plan Liabilities Current DefinedBenefitPensionPlanLiabilitiesCurrent	3300000	usd
CY2022Q2	us-gaap	Defined Benefit Pension Plan Liabilities Current DefinedBenefitPensionPlanLiabilitiesCurrent	3400000	usd
CY2023Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	2500000	usd
CY2022Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	400000	usd
CY2023Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	14100000	usd
CY2022Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	13100000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	181300000	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	133500000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0	usd
CY2023	us-gaap	Interest Costs Incurred InterestCostsIncurred	55600000	usd
CY2022	us-gaap	Interest Costs Incurred InterestCostsIncurred	45700000	usd
CY2021	us-gaap	Interest Costs Incurred InterestCostsIncurred	40800000	usd
CY2023	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	1500000	usd
CY2022	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	800000	usd
CY2021	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	8100000	usd
CY2023	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2022	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-6000000	usd
CY2021	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-8200000	usd
CY2023Q2	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear	0.0625
CY2022Q2	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear	0.0625
CY2023Q2	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate1 DefinedBenefitPlanUltimateHealthCareCostTrendRate1	0.0500
CY2022Q2	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate1 DefinedBenefitPlanUltimateHealthCareCostTrendRate1	0.0500
CY2023Q2	us-gaap	Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear	-1700000	usd
CY2023Q2	us-gaap	Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear	-6100000	usd
CY2023Q2	us-gaap	Defined Benefit Plan Expected Amortization Next Fiscal Year DefinedBenefitPlanExpectedAmortizationNextFiscalYear	4400000	usd
CY2023Q2	us-gaap	Defined Benefit Plan Plan Assets Target Allocation Percentage DefinedBenefitPlanPlanAssetsTargetAllocationPercentage	0.95
CY2023	crs	Defined Benefit Plan Percentage Change In Funding Level For Change In Target Asset Allocation DefinedBenefitPlanPercentageChangeInFundingLevelForChangeInTargetAssetAllocation	0.05
CY2022Q2	us-gaap	Defined Benefit Plan Fair Value Of Plan Assets DefinedBenefitPlanFairValueOfPlanAssets		usd
CY2023	us-gaap	Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates	-1800000	usd
CY2022	us-gaap	Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates	2300000	usd
CY2022	us-gaap	Accrual For Environmental Loss Contingencies Payments1 AccrualForEnvironmentalLossContingenciesPayments1	2400000	usd
CY2023Q2	us-gaap	Accrual For Environmental Loss Contingencies Gross AccrualForEnvironmentalLossContingenciesGross	16500000	usd
CY2022Q2	us-gaap	Accrual For Environmental Loss Contingencies Gross AccrualForEnvironmentalLossContingenciesGross	18300000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Next Twelve Months PurchaseObligationDueInNextTwelveMonths	171100000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Second Year PurchaseObligationDueInSecondYear	4700000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Third Year PurchaseObligationDueInThirdYear	2100000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Fourth Year PurchaseObligationDueInFourthYear	400000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Fifth Year PurchaseObligationDueInFifthYear	200000	usd
CY2023	us-gaap	Lease Cost LeaseCost	14000000	usd
CY2022	us-gaap	Lease Cost LeaseCost	13500000	usd
CY2021	us-gaap	Lease Cost LeaseCost	14800000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	11300000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	10900000	usd
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	3800000	usd
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	3500000	usd
CY2023	us-gaap	Variable Lease Cost VariableLeaseCost	100000	usd
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	100000	usd
CY2023	us-gaap	Sublease Income SubleaseIncome	1200000	usd
CY2022	us-gaap	Sublease Income SubleaseIncome	1000000.0	usd
CY2023	us-gaap	Lease Cost LeaseCost	14000000.0	usd
CY2022	us-gaap	Lease Cost LeaseCost	13500000	usd
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	12300000	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	11400000	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	9900000	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	16500000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y6M
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.041
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.037
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	43900000	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	42900000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	9100000	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	9900000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	43600000	usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	42700000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	52700000	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	52600000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	10800000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	8700000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	7100000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	6800000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	6300000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	22600000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	62300000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	9600000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	52700000	usd
CY2023Q2	crs	Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag	true
CY2023Q2	us-gaap	Derivative Assets DerivativeAssets	3700000	usd
CY2023Q2	crs	Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag	true
CY2023Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	6800000	usd
CY2022Q2	us-gaap	Derivative Assets DerivativeAssets	16600000	usd
CY2022Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	400000	usd
CY2023Q2	crs	Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans	2	plan
CY2023	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	16400000	usd
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	10800000	usd
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	10400000	usd
CY2023Q2	crs	Derivative Contracts Asset Valueif Presentedon Gross Basis DerivativeContractsAssetValueifPresentedonGrossBasis	4500000	usd
CY2023Q2	crs	Derivative Contracts Liability Valueif Presentedon Gross Basis DerivativeContractsLiabilityValueifPresentedonGrossBasis	7600000	usd
CY2023Q2	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	-8800000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	26800000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	30700000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	7700000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	28700000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	7000000.0	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2550300000	usd
CY2023	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	2213000000	usd
CY2023	us-gaap	Interest Expense InterestExpense	54100000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1836300000	usd
CY2022	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	1686500000	usd
CY2022	us-gaap	Interest Expense InterestExpense	44900000	usd
CY2023	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	3800000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	51200000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-74000000.0	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-252500000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	21300000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	10900000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	-45400000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	72500000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-63100000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-297900000	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	8600000	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-14700000	usd
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-37300000	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	2600000	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	100000	usd
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-600000	usd
CY2023	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	5300000	usd
CY2022	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	3700000	usd
CY2021	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	3200000	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	16500000	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-10900000	usd
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-34700000	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-900000	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1000000.0	usd
CY2021	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-22600000	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-500000	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-2700000	usd
CY2021	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-10500000	usd
CY2023	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	1000000.0	usd
CY2022	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	600000	usd
CY2021	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-500000	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-400000	usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-3100000	usd
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-33600000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	16100000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-14000000.0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-68300000	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
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$CRS
CARPENTER TECHNOLOGY CORP Stock $crs

2023 Q3 Form 10-K Financial Statement

#000001784323000021 Filed on August 11, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRS CARPENTER TECHNOLOGY CORP Stock $crs

2023 Q3 Form 10-K Financial Statement

#000001784323000021 Filed on August 11, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRS
CARPENTER TECHNOLOGY CORP Stock $crs