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v3.5.0.2

Statement of Consolidated Operations (unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Income Statement [Abstract] |  |  |  |
Sales (K) | $ 5,295 | $ 5,897 | $ 10,242 | $ 11,716
Cost of goods sold (exclusive of expenses below) | 4,216 | 4,663 | 8,257 | 9,106
Selling, general administrative, and other expenses (P) | 286 | 224 | 546 | 456
Research and development expenses | 39 | 68 | 81 | 123
Provision for depreciation, depletion, and amortization | 309 | 319 | 618 | 640
Restructuring and other charges (D) | 23 | 217 | 116 | 394
Interest expense | 129 | 124 | 256 | 246
Other income, net (J) | (37) |  | (3) | (12)
Total costs and expenses | 4,965 | 5,615 | 9,871 | 10,953
Income before income taxes | 330 | 282 | 371 | 763
Provision for income taxes | 152 | 75 | 182 | 301
Net income | 178 | 207 | 189 | 462
Less: Net income attributable to noncontrolling interests | 43 | 67 | 38 | 127
Consolidated net income attributable to Alcoa | 135 | 140 | 151 | 335
AMOUNTS ATTRIBUTABLE TO ALCOA COMMON SHAREHOLDERS (L): |  |  |  |
Net income | $ 118 | $ 123 | $ 116 | $ 300
Earnings per share: |  |  |  |
Basic | $ 0.09 | $ 0.10 | $ 0.09 | $ 0.25
Diluted | 0.09 | 0.10 | 0.09 | 0.24
Dividends paid per share | $ 0.03 | $ 0.03 | $ 0.06 | $ 0.06

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