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Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2017
Investments, All Other Investments [Abstract]  
Schedule of Carrying Values and Fair Values of Financial Instruments

The carrying values and fair values of Arconic’s financial instruments were as follows:

 

     September 30, 2017      December 31, 2016  
     Carrying
value		      Fair
value		      Carrying
value		      Fair
value		  

Cash and cash equivalents

    $ 1,815        1,815      $ 1,863      $ 1,863  

Restricted cash

      5        5        15        15  

Derivatives - current asset

      41        41        14        14  

Noncurrent receivables

      18        18        21        21  

Derivatives - noncurrent asset

      24        24        10        10  

Available-for-sale securities

      106        106        102        102  

Investment in common stock of Alcoa Corporation

      —          —          1,020        1,020  

Short-term borrowings

      54        54        36        36  

Derivatives - current liability

      31        31        5        5  

Long-term debt due within one year

      1        1        4        4  

Derivatives - noncurrent liability

      11        11        3        3  

Contingent payment related to an acquisition

      81        81        78        78  

Long-term debt, less amount due within one year

      6,802        7,440        8,044        8,519