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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Reconciliation Of Information Used To Compute Basic And Diluted EPS
     First quarter ended
March  31,
 
     2012      2011  

Income from continuing operations attributable to Alcoa common shareholders

   $ 94       $ 309   

Less: preferred stock dividends declared

     1         1   
  

 

 

    

 

 

 

Income from continuing operations available to common equity

     93         308   

Less: dividends and undistributed earnings allocated to participating securities

     —           1   
  

 

 

    

 

 

 

Income from continuing operations available to Alcoa common shareholders – basic

     93         307   

Add: interest expense related to convertible notes

     8         8   
  

 

 

    

 

 

 

Income from continuing operations available to Alcoa common shareholders – diluted

   $ 101       $ 315   
  

 

 

    

 

 

 

Average shares outstanding – basic

     1,066         1,052   

Effect of dilutive securities:

     

Stock options

     4         9   

Stock and performance awards

     5         3   

Convertible notes

     89         89   
  

 

 

    

 

 

 

Average shares outstanding – diluted

     1,164         1,153