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Statement of Consolidated Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales (I) $ 5,963 $ 6,585 $ 11,969 $ 12,543
Cost of goods sold (exclusive of expenses below) 5,154 5,247 10,252 9,962
Selling, general administrative, and other expenses 245 253 486 498
Research and development expenses 47 46 90 89
Provision for depreciation, depletion, and amortization 363 375 732 736
Restructuring and other charges (C) 15 34 25 40
Interest expense 123 163 246 274
Other expenses (income), net (H) 22 (50) 6 (78)
Total costs and expenses 5,969 6,068 11,837 11,521
(Loss) income from continuing operations before income taxes (6) 517 132 1,022
Provision for income taxes (K) 13 136 52 274
(Loss) income from continuing operations (19) 381 80 748
Loss from discontinued operations   (4)   (5)
Net (loss) income (19) 377 80 743
Less: Net (loss) income attributable to noncontrolling interests (17) 55 (12) 113
Net (loss) income (2) 322 92 630
AMOUNTS ATTRIBUTABLE TO ALCOA COMMON SHAREHOLDERS:        
(Loss) income from continuing operations (2) 326 92 635
Loss from discontinued operations   (4)   (5)
Net (loss) income $ (2) $ 322 $ 92 $ 630
Basic:        
(Loss) income from continuing operations   $ 0.31 $ 0.09 $ 0.60
Loss from discontinued operations   $ (0.01)   $ (0.01)
Net (loss) income   $ 0.30 $ 0.09 $ 0.59
Diluted:        
(Loss) income from continuing operations   $ 0.28 $ 0.08 $ 0.56
Loss from discontinued operations       $ (0.01)
Net (loss) income   $ 0.28 $ 0.08 $ 0.55
Dividends paid per common share $ 0.03 $ 0.03 $ 0.06 $ 0.06