XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information Arconic is a global leader in lightweight metals engineering and manufacturing. Arconic’s innovative, multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aerospace, automotive, commercial transportation, building and construction, industrial applications, defense, and packaging. Arconic’s segments are organized by product on a worldwide basis. In the first quarter of 2018, the Company changed its primary measure of segment performance from Adjusted earnings before interest, tax, depreciation and amortization (“Adjusted EBITDA”) to Segment operating profit, which more closely aligns segment performance with Operating income as presented in the Statement of Consolidated Operations. Segment performance under Arconic’s management reporting system is evaluated based on a number of factors; however, the primary measure of performance is Segment operating profit. Arconic’s definition of Segment operating profit is Operating income excluding Special items. Special items include Restructuring and other charges and Impairment of goodwill. Segment operating profit also includes certain items that, under the previous segment performance measure, were recorded in Corporate, such as the impact of LIFO inventory accounting, metal price lag, intersegment profit eliminations, and derivative activities. Segment operating profit may not be comparable to similarly titled measures of other companies. Prior period financial information has been recast to conform to current year presentation. Differences between segment totals and consolidated Arconic are in Corporate. The operating results of Arconic’s reportable segments were as follows:
| Engineered Products and Solutions |  | Global Rolled Products |  | Transportation and Construction Solutions |  | Total Segment
First quarter ended March 31, 2018 |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |
Third-party sales | $ | 1,541 |  |  | $ | 1,366 |  |  | $ | 537 |  |  | $ | 3,444 |
Intersegment sales | — |  |  | 42 |  |  | — |  |  | 42 |
Total sales | $ | 1,541 |  |  | $ | 1,408 |  |  | $ | 537 |  |  | $ | 3,486 |
Profit and loss: |  |  |  |  |  |  |
Segment operating profit | 221 |  |  | 112 |  |  | 67 |  |  | 400 |
Restructuring and other charges | 1 |  |  | (1 | ) |  | — |  |  | — |
Provision for depreciation and amortization | 71 |  |  | 51 |  |  | 13 |  |  | 135 |
First quarter ended March 31, 2017 |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |
Third-party sales | $ | 1,487 |  |  | $ | 1,248 |  |  | $ | 456 |  |  | $ | 3,191 |
Intersegment sales | — |  |  | 34 |  |  | — |  |  | 34 |
Total sales | $ | 1,487 |  |  | $ | 1,282 |  |  | $ | 456 |  |  | $ | 3,225 |
Profit and loss: |  |  |  |  |  |  |
Segment operating profit | 247 |  |  | 136 |  |  | 68 |  |  | 451 |
Restructuring and other charges | 6 |  |  | 57 |  |  | 3 |  |  | 66 |
Provision for depreciation and amortization | 64 |  |  | 50 |  |  | 12 |  |  | 126 |
The following table reconciles Total segment operating profit to Consolidated income before income taxes:
| First quarter ended
| March 31,
| 2018 |  | 2017
Total segment operating profit | $ | 400 |  |  | $ | 451 |
Unallocated amounts: |  |  |
Restructuring and other charges | (7 | ) |  | (73 | )
Corporate expense | (60 | ) |  | (95 | )
Consolidated operating income | $ | 333 |  |  | $ | 283 |
Interest expense | (114 | ) |  | (115 | )
Other (expense) income, net | (20 | ) |  | 316 |
Consolidated income before income taxes | $ | 199 |  |  | $ | 484 |
The total assets of Arconic's reportable segment were as follows:
| March 31, 2018 |  | December 31, 2017
Engineered Products and Solutions | 10,561 |  |  | 10,325 |
Global Rolled Products | 4,193 |  |  | 3,955 |
Transportation and Construction Solutions | 1,108 |  |  | 1,041 |
Total segment assets | $ | 15,862 |  |  | $ | 15,321 |
The following table reconciles Total segment assets to Consolidated assets:
| March 31, 2018 |  | December 31, 2017
Total segment assets | $ | 15,862 |  |  | $ | 15,321 |
Unallocated amounts: |  |  |
Cash and cash equivalents | 1,205 |  |  | 2,150 |
Deferred income taxes | 675 |  |  | 743 |
Corporate fixed assets, net | 307 |  |  | 310 |
Fair value of derivative contracts | 53 |  |  | 91 |
Other | 117 |  |  | 103 |
Consolidated assets | $ | 18,219 |  |  | $ | 18,718 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration