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Cash Flow Information | 12 Months Ended
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Dec. 31, 2017
Supplemental Cash Flow Information [Abstract] |
Cash Flow Information | Cash Flow Information Cash paid for interest and income taxes was as follows:
| 2017 | 2016 | 2015
Interest, net of amount capitalized | $ | 508 |  | $ | 524 |  | $ | 487 |
Income taxes, net of amount refunded | $ | 118 |  | $ | 324 |  | $ | 345 |
The details related to cash paid for acquisitions were as follows:
| 2017 | 2016 | 2015
Assets acquired | $ | — |  | $ | — |  | $ | 2,003 |
Liabilities assumed | — |  | — |  | (868 | )
Equity issued | — |  | — |  | (870 | )
Working capital adjustment | — |  | (10 | ) | — |
Increase in Arconic’s shareholders’ equity | — |  | — |  | (60 | )
Cash paid | — |  | (10 | ) | 205 |
Less: cash acquired | — |  | — |  | 302 |
Net cash paid | $ | — |  | $ | (10 | ) | $ | (97 | )
During 2016, Arconic sold various securities held by its captive insurance company for $130, and an equity interest in a natural gas pipeline of $145 (Alcoa Corporation), both of which were included in Sales of investments on the accompanying Statement of Consolidated Cash Flows. In 2016, Arconic received $457 in proceeds from the redemption of certain company-owned life insurance policies, sold its Intalco smelter wharf property (Alcoa Corporation) for $120, and sold the Remmele Medical business (see Note F) for $102. These amounts were included in Proceeds from the sale of assets and businesses on the accompanying Statement of Consolidated Cash Flows. Noncash Financing and Investing Activities. On October 2, 2017, all outstanding 24,975,978 depositary shares (each depositary share representing a 1/10th interest in a share of the mandatory convertible preferred stock) were converted at a rate of 1.56996 into 39,211,286 common shares; 24,022 depositary shares were previously tendered for early conversion into 31,420 shares of Arconic common stock. No gain or loss was recognized associated with this equity transaction (see Note O). In the second quarter of 2017, the Company completed the Debt-for-Equity Exchange with the Investment Banks of the remaining portion of Arconic’s retained interest in Alcoa Corporation common stock for a portion of the Company’s outstanding notes held by the Investment Banks for $465 including accrued and unpaid interest (see Note I). On October 5, 2016, Arconic completed a 1-for-3 Reverse Stock Split (see Note O). The Reverse Stock Split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares. The par value of the common stock remained at $1.00 per share. Accordingly, Common stock and Additional capital in the Company’s Consolidated Balance Sheet at December 31, 2016 reflect a decrease and increase of $877, respectively. In August 2016, Arconic retired its outstanding treasury stock consisting of approximately 76 million shares (see Note O). As a result, Common stock and Additional capital were decreased by $76 and $2,563, respectively, to reflect the retirement of the treasury shares. In July 2015, Arconic purchased all outstanding shares of RTI common stock in a stock-for-stock transaction valued at $870 (see Note F). As a result, Arconic issued 29 million shares (87 million shares—pre-Reverse Stock Split—see Note O) of its common stock to consummate this transaction.

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
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- References No definition available. + Details
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