XML 20 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Sales (I) $ 3,261 $ 3,234 $ 6,453 $ 6,289
Cost of goods sold (exclusive of expenses below) 2,583 2,533 5,075 4,933
Selling, general administrative, and other expenses 204 239 425 444
Research and development expenses 30 32 58 63
Provision for depreciation and amortization 137 133 270 266
Restructuring and other charges (D & E) 26 14 99 30
Operating income 281 283 526 553
Interest expense (L) 183 124 298 245
Other income, net (G) (171) (17) (525) (29)
Income from continuing operations before income taxes 269 176 753 337
Provision for income taxes 57 123 219 174
Income from continuing operations after income taxes 212 53 534 163
Income from discontinued operations after income taxes (G)   125   26
Net income 212 178 534 189
Less: Income from discontinued operations attributable to noncontrolling interests (G)   43   38
Net income attributable to Arconic 212 135 534 151
Amounts Attributable to Arconic Common Shareholders (J):        
Net income $ 194 $ 118 $ 499 $ 117
Earnings per share - basic        
Continuing operations $ 0.44 $ 0.08 $ 1.13 $ 0.30
Discontinued operations   0.19   (0.03)
Net income per share - basic 0.44 0.27 1.13 0.27
Earnings per share - diluted        
Continuing operations 0.43 0.08 1.07 0.29
Discontinued operations   0.19   (0.03)
Net income per share - diluted 0.43 0.27 1.07 0.26
Dividends paid per share $ 0.06 $ 0.09 $ 0.12 $ 0.18
Weighted Average Shares Outstanding (J):        
Average shares outstanding - basic 441 438 440 438
Average shares outstanding - diluted 462 452 500 442