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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Reconciliation of Information Used to Compute Basic and Diluted EPS

The information used to compute basic and diluted EPS attributable to Arconic common shareholders was as follows (shares in millions):


		2016				2015				2014
Net loss from continuing operations attributable to Arconic		$	(1,062	)		$	(156	)		$	(61	)
Net income from continuing operations attributable to noncontrolling interests			-				(1	)			-
Less: preferred stock dividends declared			69				69				21
Loss from continuing operations available to Arconic common shareholders			(1,131	)			(226	)			(82	)
Income (loss) from discontinued operations after income taxes and noncontrolling interests⁽¹⁾			121				165				(329	)
Net (loss) income available to Arconic common shareholders—basic			(1,010	)			(391	)			247
Add: interest expense related to convertible notes			-				-				-
Add: dividends related to mandatory convertible preferred stock			-				-				-
Net (loss) income available to Arconic common shareholders—diluted		$	(1,010	)		$	(391	)		$	247
Average shares outstanding—basic			438				420				387
Effect of dilutive securities:
Stock options			-				-				2
Stock and performance awards			-				-				4
Mandatory convertible preferred stock			-				-				-
Convertible notes			-				-				-
Average shares outstanding—diluted			438				420				393

⁽¹⁾	Calculated from the Statement of Consolidated Operations as Income (loss) from discontinued operations after income taxes less Net income (loss) from discontinued operations attributable to noncontrolling interests.