<SEC-DOCUMENT>0001157523-18-001603.txt : 20180731
<SEC-HEADER>0001157523-18-001603.hdr.sgml : 20180731
<ACCEPTANCE-DATETIME>20180731081529
ACCESSION NUMBER:		0001157523-18-001603
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180731
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180731
DATE AS OF CHANGE:		20180731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Arconic Inc.
		CENTRAL INDEX KEY:			0000004281
		STANDARD INDUSTRIAL CLASSIFICATION:	ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350]
		IRS NUMBER:				250317820
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03610
		FILM NUMBER:		18979501

	BUSINESS ADDRESS:	
		STREET 1:		390 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-4608
		BUSINESS PHONE:		2128362732

	MAIL ADDRESS:	
		STREET 1:		390 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-4608

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALCOA INC.
		DATE OF NAME CHANGE:	20141003

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALCOA INC
		DATE OF NAME CHANGE:	19990105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALUMINUM CO OF AMERICA
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51845173.htm
<DESCRIPTION>ARCONIC INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br>
    </p>
    <hr style="color: #000000; width: 100%; text-align: center; height: 1.0 pt">


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Date of
      Report (Date of earliest event reported)</b></font><font style="font-size: 10pt; font-family: Times New Roman">:
      </font><font style="font-size: 10pt; font-family: Times New Roman"><b>July
      31, 2018 </b></font><font style="font-size: 10pt; font-family: Times New Roman">(</font><font style="font-size: 10pt; font-family: Times New Roman"><b>July
      31, 2018)</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>ARCONIC
      INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br>
    </p>
    <hr style="color: #000000; width: 100%; text-align: center; height: 1.0 pt">


    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 34%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-3610</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>25-0317820</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or other Jurisdiction</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>of Incorporation)</b>
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission File Number)</b>
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS Employer</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>390 Park Avenue, New York, New York</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>10022-4608</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Address of Principal Executive Offices)</b>
          </p>
        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Zip Code)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>Office of Investor Relations 212-836-2758</b><br><b>Office of the
      Secretary 212-836-2732</b><br><b>(Registrant&#8217;s telephone number,
      including area code)</b>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>(Former
      Name or Former Address, if Changed Since Last Report)</b></font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p style="text-align: right">
      <font style="font-size: 10pt">Emerging growth company </font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">If an
      emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.</font> <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      On July 31, 2018, Arconic Inc. issued a press release announcing its
      financial results for the second quarter of 2018.&#160;&#160;A copy of the press
      release is attached hereto as Exhibit 99.1 and is incorporated herein by
      reference.
    </p>
    <p>
      In accordance with General Instruction B.2 of Form 8-K, the information
      in this Current Report on Form 8-K, including Exhibit 99.1, shall not be
      deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities
      Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise
      subject to the liability of that section, and shall not be incorporated
      by reference into any registration statement or other document filed
      under the Securities Act of 1933, as amended, or the Exchange Act,
      except as shall be expressly set forth by specific reference in such
      filing.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="text-align: justify">
      (d) Exhibits
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="text-align: justify">
            The following is furnished as an exhibit to this report:
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit No</b></u><u>.</u>
          </p>
        </td>
        <td style="width: 4%; text-align: left; padding-left: 0.0px" valign="bottom">
          &#160;
        </td>
        <td style="width: 86%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 86%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 10%; text-align: left; padding-left: 0.0px" valign="top">
          99.1
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 86%; text-align: left; padding-left: 0.0px" valign="top">
          Arconic Inc. press release dated July 31, 2018.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      <u><b>EXHIBIT&#160;INDEX</b></u>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 15%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="width: 85%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; width: 15%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51845173ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 85%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51845173ex99_1.htm">Arconic Inc. press release dated
            July 31, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ARCONIC&#160;INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%; text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; width: 6%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-bottom: 2.0px; width: 44%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            July 31, 2018
          </p>
        </td>
        <td style="padding-bottom: 2.0px; width: 6%; text-align: left; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="border-bottom-color: black; width: 44%; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Katherine H. Ramundo
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 6%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td style="width: 44%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Katherine H. Ramundo
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 6%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td style="width: 44%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Executive Vice President, Chief Legal Officer<br>and Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51845173ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 8pt; font-family: Times New Roman"><b>Arconic
      Reports Second Quarter 2018 Results</b></font>
    </p>
    <p>
      <font style="font-size: 8pt; font-family: Times New Roman"><b>Second
      Quarter 2018 Highlights</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Revenue of
        $3.6 billion, up 10% year over year; organic revenue</font><sup><font style="font-size: 8pt; font-family: Times New Roman">1</font></sup><font style="font-size: 8pt; font-family: Times New Roman">
        up 5% year over year</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Net income
        of $120 million, or $0.24 per share, versus net income of $212
        million, or $0.43 per share, in the second quarter of 2017</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Net income
        excluding special items of $185 million, or $0.37 per share, versus
        $165 million, or $0.32 per share, in the second quarter of 2017</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Operating
        income of $324 million, up 1% year over year</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Operating
        income excluding special items of $381 million, down 2% year over year</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">In the
        second quarters of 2018 and 2017: cash provided from operations of
        $176 million and $79 million, respectively; cash used for financing
        activities of $35 million and $912 million, respectively; and cash
        provided from investing activities of $117 million and $69 million,
        respectively.</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Adjusted
        Free Cash Flow in second quarter 2018 was $289 million, which doubled
        year over year</font>
      </li>
    </ul>
    <p>
      <font style="font-size: 8pt; font-family: Times New Roman"><b>2018
      Guidance</b></font><b><sup><font style="font-size: 8pt; font-family: Times New Roman">*
      </font></sup><font style="font-size: 8pt; font-family: Times New Roman">Unchanged</font></b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Previously
        announced 2018 Guidance is unchanged: Revenue $13.7-$14.0 billion,
        Earnings Per Share Excluding Special Items $1.17-$1.27, Adjusted Free
        Cash Flow ~$250 million</font>
      </li>
    </ul>
    <p>
      <font style="font-size: 8pt; font-family: Times New Roman"><b>Key
      Announcements</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Strategy
        and portfolio review on track and expected to conclude in the third
        quarter 2018; initiating sale process of Building and Construction
        Systems (BCS) business</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Arconic
        Investor Day scheduled for November 2018</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Expansions
        totaling more than $100 million at Arconic&#8217;s Whitehall and Morristown
        operations to meet the growing demand from aerospace engine customers</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">Signed
        Arconic&#8217;s largest multiyear contract with Boeing to supply aluminum
        sheet and plate for all models produced by Boeing Commercial Airplanes</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 8pt; font-family: Times New Roman">As
        previously reported, renewed $3 billion credit facility (now matures
        in June 2023) on improved terms</font>
      </li>
    </ul>
    <p>
      <font style="font-size: 8pt; font-family: Times New Roman">______________________________________</font>
    </p>
    <p>
      <sup><font style="font-size: 8pt; font-family: Times New Roman">*</font></sup><font style="font-size: 8pt; font-family: Times New Roman">
      </font><i><font style="font-size: 8pt; font-family: Times New Roman">Reconciliations
      of the forward-looking non-GAAP measures to the most directly comparable
      GAAP measures are not available without unreasonable efforts due to the
      variability and complexity of the charges and other components excluded
      from the non-GAAP measures &#8211; for further detail, see &#8220;Full Year 2018
      Guidance Unchanged&#8221; below.</font></i>
    </p>
    <p>
      NEW YORK--(BUSINESS WIRE)--July 31, 2018--Arconic Inc. (NYSE: ARNC)
      today reported second quarter 2018 results, for which the Company
      reported revenues of $3.6 billion, up 10% year over year.&#160;Organic revenue<sup>1</sup>&#160;was
      up 5% year over year, driven by higher volumes in the commercial
      transportation, automotive, aerospace engines, defense, and building and
      construction markets. This was partially offset by unfavorable aerospace
      wide-body production mix, and the negative impact of $38 million related
      to the settlements of certain customer claims.
    </p>
    <p>
      Net income in the second quarter was $120 million, or $0.24 per share.
      These results include $65 million in special items, including the impact
      of $38 million related to the settlements of certain customer claims
      principally related to product introductions, discrete tax items
      associated with U.S. tax reform, and restructuring-related charges.
      Second quarter 2017 net income was $212 million, or $0.43 per share. Net
      income excluding special items was $185 million, or $0.37 per share, in
      the second quarter of 2018, versus $165 million, or $0.32 per share, in
      the second quarter of 2017.
    </p>
    <p>
      Second quarter 2018 operating income was $324 million, up 1% year over
      year. Operating income excluding special items was $381 million, down 2%
      year over year, reflecting the impact of a $23 million charge related to
      a physical inventory adjustment in one facility, unfavorable aerospace
      wide-body production mix, and continued challenges in the Rings and
      Disks operations, mostly offset by higher volumes and net cost savings.
    </p>
    <p>
      Arconic Chief Executive Officer Chip Blankenship said, &#8220;In the second
      quarter, Arconic delivered strong organic revenue growth and doubled
      adjusted free cash flow. We announced contract awards at the Farnborough
      International Airshow, providing groundwork for exciting growth with
      valued customers. We have initiated the sale process of our Building and
      Construction Systems business as the first outcome of our ongoing
      strategy review. Our team is delivering operational improvements where
      we need it the most. While there is plenty of work yet to be done, we
      are driving progress and generating positive momentum.&#8221;
    </p>
    <p>
      Arconic ended the second quarter 2018 with cash on hand of $1.5 billion.
      Cash provided from operations was $176 million; cash used for financing
      activities totaled $35 million; and cash provided from investing
      activities was $117 million. Adjusted Free Cash Flow for the quarter was
      $289 million.
    </p>
    <p>
      <b>Second Quarter 2018 Segment Performance<sup>2</sup></b>
    </p>
    <p>
      <u>Engineered Products and Solutions (EP&amp;S)</u>
    </p>
    <p>
      EP&amp;S reported revenue of $1.6 billion, an increase of 7% year over year.
      Organic revenue<sup>1</sup> was up 6% driven by volume growth in
      aerospace engines and defense. Segment operating profit was $212
      million, down $38 million year over year, as a negative physical
      inventory adjustment of $23 million in one facility, unfavorable product
      mix, and continued challenges in Rings and Disks more than offset volume
      growth across all business units. Segment operating margin was 13.3%,
      down 350 basis points year over year.
    </p>
    <p>
      <u>Global Rolled Products (GRP)</u>
    </p>
    <p>
      GRP reported revenue of $1.5 billion, an increase of 14% year over year.
      Organic revenue<sup>1</sup> was up 5%. Segment operating profit was $123
      million, down $10 million year over year, driven by unfavorable
      aerospace wide-body production mix and higher aluminum prices, partially
      offset by higher automotive and commercial transportation volume and net
      cost savings. Segment operating margin was 8.5%, down 200 basis points
      year over year, including a 120 basis point negative impact of higher
      aluminum prices.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u>Transportation and Construction Solutions (TCS)</u>
    </p>
    <p>
      TCS delivered revenue of $562 million, an increase of 12% year over
      year. Organic revenue<sup>1</sup> was up 11%. Segment operating profit
      was $97 million, up $26 million year over year, as higher volume in
      commercial transportation and building and construction, and net cost
      savings more than offset headwinds from higher aluminum prices. Segment
      operating margin was 17.3%, up 320 basis points year over year,
      including a 150 basis point negative impact of higher aluminum prices.
    </p>
    <p>
      <b>Full Year 2018 Guidance* Unchanged</b>
    </p>
    <p>
      Arconic&#8217;s full year 2018 guidance, which was previously announced on
      April 30, 2018, remains unchanged.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Revenue of $13.7 billion to $14.0 billion
      </li>
      <li style="margin-bottom: 10.0px">
        Earnings Per Share Excluding Special Items of $1.17 to $1.27
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted Free Cash Flow of approximately $250 million
      </li>
    </ul>
    <p>
      <b>* </b><i>Arconic has not provided a reconciliation of the
      forward-looking financial measures of earnings per share excluding
      special items and adjusted free cash flow to the most directly
      comparable financial measures prepared in accordance with accounting
      principles generally accepted in the United States of America (GAAP)
      because Arconic is unable to quantify certain amounts that would be
      required to be included in the GAAP measures without unreasonable
      efforts, and Arconic believes such reconciliations would imply a degree
      of precision that would be confusing or misleading to investors. In
      particular, reconciliations of the forward-looking non-GAAP financial
      measures to the most directly comparable GAAP measures are not available
      without unreasonable efforts due to the variability and complexity with
      respect to the charges and other components excluded from the non-GAAP
      measures, such as the effects of foreign currency movements, equity
      income, gains or losses on sales of assets, taxes and any future
      restructuring or impairment charges. These reconciling items are in
      addition to the inherent variability already included in the GAAP
      measures, which includes, but is not limited to, price/mix and volume.</i>
    </p>
    <p>
      <b>Strategy and Portfolio Review</b>
    </p>
    <p>
      In January 2018, Arconic initiated a review of its strategy and
      portfolio. As part of that ongoing review, the Company has initiated the
      sale process of Arconic&#8217;s Building and Construction Systems (BCS)
      business.
    </p>
    <p>
      The Company continues to target completion of the strategic review in
      the third quarter 2018. Arconic&#8217;s Investor Day, which will include the
      output of the strategic review and associated actions, is expected to be
      held in November 2018.
    </p>
    <p>
      <b>Expansion of Whitehall, MI and Morristown, TN Operations</b>
    </p>
    <p>
      Arconic is expanding its operations in Whitehall, Michigan, and
      Morristown, Tennessee, to provide additional capacity to meet growing
      demand from aerospace engine customers. The expansions total more than
      $100 million; about one-third of the total spend will happen in 2018 and
      is already included in the Company&#8217;s 2018 capital expenditures plan. The
      expansions are expected to be operational by the end of 2020.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          2
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Signed Largest Multiyear Supply Contract with Boeing</b>
    </p>
    <p>
      Arconic signed a new long-term contract with Boeing to supply aluminum
      sheet and plate for all models produced by Boeing Commercial Airplanes.
      The multiyear contract, which extends and adds to the 2014 contract
      between the companies, is the largest to date.
    </p>
    <p>
      <b>Renewal of Credit Facility</b>
    </p>
    <p>
      As previously reported, on June 29, 2018, Arconic entered into Amendment
      No. 2 to its Five-Year Revolving Credit Agreement, which, among other
      matters, provides that the Company&#8217;s $3 billion senior unsecured
      revolving credit facility will now mature on June 29, 2023, and includes
      certain improved terms.
    </p>
    <p>
      <b>Arconic will hold its quarterly conference call at 10:00 AM Eastern
      Time on July 31, 2018, to present second quarter 2018 financial results.
      The call will be webcast via <u>www.arconic.com</u>. Call information
      and related details are available at <u>www.arconic.com</u> under
      &#8220;Investors&#8221;; presentation materials will be available at approximately
      8:00 AM Eastern Time on July 31.</b>
    </p>
    <p>
      <b>About Arconic</b>
    </p>
    <p>
      Arconic (NYSE: ARNC) creates breakthrough products that shape
      industries. Working in close partnership with our customers, we solve
      complex engineering challenges to transform the way we fly, drive, build
      and power. Through the ingenuity of our people and cutting-edge advanced
      manufacturing techniques, we deliver these products at a quality and
      efficiency that ensure customer success and shareholder value. For more
      information: <u>www.arconic.com</u>. Follow @arconic: Twitter,
      Instagram, Facebook, LinkedIn and YouTube.
    </p>
    <p>
      <b>Dissemination of Company Information</b>
    </p>
    <p>
      Arconic intends to make future announcements regarding Company
      developments and financial performance through its website at <u>www.arconic.com</u>.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This release contains statements that relate to future events and
      expectations and as such constitute forward-looking statements within
      the meaning of the Private Securities Litigation Reform Act of 1995.
      Forward-looking statements include those containing such words as
      &quot;anticipates,&quot; &quot;believes,&quot; &quot;could,&quot; &quot;estimates,&quot; &quot;expects,&quot; &quot;forecasts,&quot;
      &quot;goal,&quot; &quot;guidance,&quot; &quot;intends,&quot; &quot;may,&quot; &quot;outlook,&quot; &quot;plans,&quot; &quot;projects,&quot;
      &quot;seeks,&quot; &quot;sees,&quot; &quot;should,&quot; &quot;targets,&quot; &quot;will,&quot; &quot;would,&quot; or other words of
      similar meaning. All statements that reflect Arconic&#8217;s expectations,
      assumptions or projections about the future, other than statements of
      historical fact, are forward-looking statements, including, without
      limitation, forecasts and expectations relating to the growth of the
      aerospace, automotive, commercial transportation and other end markets;
      statements and guidance regarding future financial results or operating
      performance; and statements about Arconic's strategies, outlook,
      business and financial prospects. These statements reflect beliefs and
      assumptions that are based on Arconic&#8217;s perception of historical trends,
      current conditions and expected future developments, as well as other
      factors Arconic believes are appropriate in the circumstances.
      Forward-looking statements are not guarantees of future performance and
      are subject to risks, uncertainties and changes in circumstances that
      are difficult to predict, which could cause actual results to differ
      materially from those indicated by these statements. Such risks and
      uncertainties include, but are not limited to: (a) deterioration in
      global economic and financial market conditions generally; (b)
      unfavorable changes in the markets served by Arconic; (c) the inability
      to achieve the level of revenue growth, cash generation, cost savings,
      improvement in profitability and margins, fiscal discipline, or
      strengthening of competitiveness and operations anticipated or targeted;
      (d) competition from new product offerings, disruptive technologies or
      other developments; (e) political, economic, and regulatory risks
      relating to Arconic&#8217;s global operations, including compliance with US
      and foreign trade and tax laws, sanctions, embargoes and other
      regulations; (f) manufacturing difficulties or other issues that impact
      product performance, quality or safety; (g) Arconic&#8217;s inability to
      realize expected benefits, in each case as planned and by targeted
      completion dates, from acquisitions, divestitures, facility closures,
      curtailments, expansions, or joint ventures; (h) the impact of cyber
      attacks and potential information technology or data security breaches;
      (i) changes in discount rates or investment returns on pension assets;
      (j) the impact of changes in aluminum prices and foreign currency
      exchange rates on costs and results; (k) the outcome of contingencies,
      including legal proceedings, government or regulatory investigations,
      and environmental remediation, which can expose Arconic to substantial
      costs and liabilities; and (l) the other risk factors summarized in
      Arconic&#8217;s Form 10-K for the year ended December 31, 2017 and other
      reports filed with the U.S. Securities and Exchange Commission (SEC).
      Market projections are subject to the risks discussed above and other
      risks in the market. The statements in this release are made as of the
      date of this release, even if subsequently made available by Arconic on
      its website or otherwise. Arconic disclaims any intention or obligation
      to update publicly any forward-looking statements, whether in response
      to new information, future events, or otherwise, except as required by
      applicable law.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          3
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Non-GAAP Financial Measures</b>
    </p>
    <p>
      Some of the information included in this release is derived from
      Arconic&#8217;s consolidated financial information but is not presented in
      Arconic&#8217;s financial statements prepared in accordance with accounting
      principles generally accepted in the United States of America (GAAP).
      Certain of these data are considered &#8220;non-GAAP financial measures&#8221; under
      SEC rules. These non-GAAP financial measures supplement our GAAP
      disclosures and should not be considered an alternative to the GAAP
      measure. Reconciliations to the most directly comparable GAAP financial
      measures and management&#8217;s rationale for the use of the non-GAAP
      financial measures can be found in the schedules to this release and on
      our website at&#160;<u>www.arconic.com</u>&#160;under the &#8220;Investors&#8221; section.
    </p>
    <p>
      ___________________________________
    </p>
    <p>
      <sup><i>1</i></sup><i> Organic revenue is U.S. GAAP revenue adjusted for
      Tennessee Packaging (due to its planned phase-down), divestitures, and
      changes in aluminum prices and foreign currency exchange rates relative
      to prior year period.</i>
    </p>
    <p>
      <sup><i>2</i></sup><i> As of the first quarter of 2018, Arconic&#8217;s
      segment reporting measure has changed from Adjusted EBITDA to Segment
      operating profit.</i>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          4
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>Statement of Consolidated Operations (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>(in millions, except per-share and share amounts)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="11">
          <b>Quarter ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>March 31, 2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,573
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,445
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,261
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Cost of goods sold (exclusive of expenses below)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,903
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,768
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,549
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Selling, general administrative, and other expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          158
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          172
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          200
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Research and development expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          23
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          29
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Provision for depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          144
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          142
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          137
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          15
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          7
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          26
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Operating income<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          324
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          333
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          320
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Interest expense<sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          89
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          114
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          183
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Other expense (income), net<sup>(1),(3)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          41
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          20
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (132
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Income before income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          194
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          199
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          269
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          74
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          56
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          57
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          120
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          143
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          212
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          EARNINGS PER SHARE ATTRIBUTABLE TO ARCONIC COMMON SHAREHOLDERS:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 5.0px" valign="middle">
          Basic<sup>(4)(5)</sup>:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Earnings per share
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.44
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Average number of shares<sup>(5)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          482,854,550
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          482,438,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          440,865,477
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 5.0px" valign="middle">
          Diluted<sup>(4)(5)</sup>:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Earnings per share
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.24
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.43
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Average number of shares<sup>(5)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          501,960,573
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          502,924,068
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          461,826,510
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In the first quarter of 2018, Arconic adopted changes issued by
            the Financial Accounting Standards Board (FASB) to the
            presentation of net periodic pension cost and net periodic
            postretirement benefit cost. Based on the new guidance, Arconic
            has presented only the service cost component of net periodic
            benefit cost within Operating income, while the non-service
            related components of net periodic benefit cost have been
            presented in the Other expense (income), net line item. Prior
            periods in 2017 has been recast to conform to this presentation.
            As a result, $39 of non-service related net periodic benefit cost
            was reclassified in the quarter ended June 30, 2017 from various
            line items within Operating income to the Other expense (income),
            net line item. There was no impact to Net income.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Interest expense for the quarter ended March 31, 2018 included $19
            related to the early redemption of the Company&#8217;s outstanding
            5.720% Senior Notes due 2019. Interest expense for the quarter
            ended June 30, 2017 included $76 related to the early redemption
            of the Company&#8217;s outstanding 6.500% Senior Notes due 2018 and
            6.750% Senior Notes due 2018 (collectively, the &#8220;2018 Senior
            Notes&#8221;) and a portion of the Company&#8217;s outstanding 5.720% Senior
            Notes due 2019.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Other expense (income), net for the quarter ended June 30, 2017
            included a $167 gain on the exchange of Arconic&#8217;s remaining
            investment in Alcoa Corporation common stock for a portion of the
            Company&#8217;s 2018 Senior Notes.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In order to calculate both basic and diluted earnings per share,
            preferred stock dividends declared of $1, $1 and $18 for the
            quarters ended June 30, 2018, March 31, 2018 and June 30, 2017,
            respectively, need to be subtracted from Net income.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(5)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For the quarters ended June 30, 2018, March 31, 2018, and June 30,
            2017, the difference between the respective diluted average number
            of shares and the respective basic average number of shares
            related to share equivalents (19 million, 20 million, and 21
            million, respectively) associated with outstanding employee stock
            options and awards and shares underlying outstanding convertible
            debt (acquired through the acquisition of RTI International
            Metals, Inc (&#8220;RTI&#8221;)).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          5
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Statement of Consolidated Operations (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>(in millions, except per-share and share amounts)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="7">
          <b>Six months ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,018
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,453
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Cost of goods sold (exclusive of expenses below)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5,671
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5,007
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Selling, general administrative, and other expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          417
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Research and development expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          52
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          57
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Provision for depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          270
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          22
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          99
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Operating income<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          657
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          603
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Interest expense<sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          203
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          298
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Other expense (income), net<sup>(1),(3)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          61
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (448
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Income before income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          393
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          753
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          130
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          219
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          263
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          534
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          EARNINGS PER SHARE ATTRIBUTABLE TO ARCONIC COMMON SHAREHOLDERS:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 5.0px" valign="middle">
          Basic<sup>(4)(5)</sup>:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Earnings per share
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.54
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1.13
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Average number of shares<sup>(5)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          482,622,069
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          440,346,195
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 5.0px" valign="middle">
          Diluted<sup>(4)(5)</sup>:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Earnings per share
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.53
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1.07
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Average number of shares<sup>(5)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          502,452,369
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          500,141,305
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Common stock outstanding at the end of the period<sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          482,891,826
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          440,954,618
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In the first quarter of 2018, Arconic adopted changes issued by
            the FASB to the presentation of net periodic pension cost and net
            periodic postretirement benefit cost. Based on the new guidance,
            Arconic has presented only the service cost component of net
            periodic benefit cost within Operating income, while the
            non-service related components of net periodic benefit cost have
            been presented in the Other expense (income), net line item. Prior
            periods in 2017 have been recast to conform to this presentation.
            As a result, $77 of non-service related net periodic benefit cost
            was reclassified in the six-month period ended June 30, 2017 from
            various line items within Operating income to the Other expense
            (income), net line item. There was no impact to Net income.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Interest expense for the six months ended June 30, 2018 included
            $19 related to the early redemption of the Company&#8217;s outstanding
            5.720% Senior Notes due 2019. Interest expense for the six months
            ended June 30, 2017 included $76 related to the early redemption
            of the Company&#8217;s outstanding 6.500% Senior Notes due 2018 and
            6.750% Senior Notes due 2018 (collectively, the &#8220;2018 Senior
            Notes&#8221;) and a portion of the Company&#8217;s outstanding 5.720% Senior
            Notes due 2019.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Other expense (income), net for the six months ended June 30, 2017
            included a $351 gain on the sale of a portion of Arconic&#8217;s
            investment in Alcoa Corporation common stock and a $167 gain on
            the exchange of Arconic&#8217;s remaining investment in Alcoa
            Corporation common stock for a portion of the Company&#8217;s
            outstanding 2018 Senior Notes.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In order to calculate both basic and diluted earnings per share,
            preferred stock dividends declared of $1 and $35 for the six
            months ended June 30, 2018 and June 30, 2017, respectively, need
            to be subtracted from Net income.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(5)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For the six months ended June 30, 2018, the difference between the
            respective diluted average number of shares and the respective
            basic average number of shares related to share equivalents (20
            million) associated with outstanding employee stock options and
            awards and shares underlying outstanding convertible debt
            (acquired through the acquisition of RTI). For the six months
            ended June 30, 2017, the difference between the respective diluted
            average number of shares and the respective basic average number
            of shares related to share equivalents (60 million) associated
            with outstanding employee stock options and awards, shares
            underlying outstanding convertible debt (acquired through the
            acquisition of RTI), and shares underlying mandatory convertible
            preferred stock.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          6
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Consolidated Balance Sheet (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>(in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2018</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>December 31, 2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Assets</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current assets:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,455
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,150
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Receivables from customers, less allowances of $5 in 2018 and $8 in
          2017
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          1,159
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          1,035
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Other receivables
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          478
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          339
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,659
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,480
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="top">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          324
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          374
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,075
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,378
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Properties, plants, and equipment, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5,582
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5,594
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Goodwill
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          4,518
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          4,535
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          626
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          743
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Intangibles, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          963
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          987
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other noncurrent assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          455
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          481
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 20.0px" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          18,219
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          18,718
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Liabilities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current liabilities:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Accounts payable, trade
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,024
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,839
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Accrued compensation and retirement costs
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          364
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          399
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Taxes, including income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          69
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          75
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Accrued interest payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          113
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          124
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Other current liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          362
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          349
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="top">
          Short-term debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          45
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          38
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          2,977
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          2,824
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term debt, less amount due within one year
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          6,312
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          6,806
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accrued pension benefits
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,184
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,564
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accrued other postretirement benefits
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          815
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          841
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other noncurrent liabilities and deferred credits
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          713
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          759
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          Total liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          13,001
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          13,794
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Equity</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Arconic shareholders&#8217; equity:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Preferred stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          55
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          55
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          483
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          481
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Additional capital
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          8,295
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          8,266
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Accumulated deficit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,073
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,248
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="top">
          Accumulated other comprehensive loss
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (2,556
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (2,644
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Total Arconic shareholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5,204
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          4,910
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Noncontrolling interests
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          14
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          14
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          Total equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          5,218
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          4,924
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 20.0px" valign="top">
          Total liabilities and equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          18,219
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          18,718
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          7
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Statement of Consolidated Cash Flows (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>(in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="7">
          <b>Six months ended June 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Operating activities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          263
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          534
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adjustments to reconcile net income to cash used for operations:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          270
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          47
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          27
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          22
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          99
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Net loss (gain) from investing activities&#8212;asset sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (515
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Net periodic pension benefit cost
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          71
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          108
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Stock-based compensation
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          48
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Other
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          115
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Changes in assets and liabilities, excluding effects of
          acquisitions, divestitures, and foreign currency translation
          adjustments:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          (Increase) in receivables<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (709
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (567
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          (Increase) in inventories
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (220
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (150
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Decrease in prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          30
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Increase (decrease) in accounts payable, trade
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          218
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (69
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          (Decrease) in accrued expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (84
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (105
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Increase in taxes, including income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          37
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          121
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Pension contributions
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (237
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (163
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          (Increase) in noncurrent assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (4
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (60
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="top">
          (Decrease) in noncurrent liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (42
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (39
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          <b>Cash used for operations</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (260
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (316
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Financing Activities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Net change in short-term borrowings (original maturities of three
          months or less)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Additions to debt (original maturities greater than three months)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          300
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          512
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Premiums paid on early redemption of debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (17
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (52
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Payments on debt (original maturities greater than three months)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (801
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,333
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Proceeds from exercise of employee stock options
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Dividends paid to shareholders
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (60
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (88
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Distributions to noncontrolling interests
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (14
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (17
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (15
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          <b>Cash used for financing activities</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (577
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (955
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Investing Activities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Capital expenditures
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (288
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (229
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Proceeds from the sale of assets and businesses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (9
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Sales of investments<sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          888
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash receipts from sold receivables<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          420
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          285
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other<sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          244
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="top">
          <b>Cash provided from investing activities</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          146
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          1,179
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          <b>Effect of exchange rate changes on cash, cash equivalents and
          restricted cash <sup>(4)</sup></b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (2
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          4
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net change in cash, cash equivalents and restricted cash<sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (693
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (88
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Cash, cash equivalents and restricted cash at beginning of year<sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          2,153
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          1,878
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 20.0px" valign="top">
          <b>Cash, cash equivalents and restricted cash at end of period<sup>(4)</sup></b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,460
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,790
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In the first quarter of 2018, Arconic adopted changes issued by
            the FASB to the classification of certain cash receipts and cash
            payments within the statement of cash flows. Based on the new
            guidance, Arconic classified cash received related to net sales of
            beneficial interest in previously transferred trade accounts
            receivables within investing activities. This new accounting
            standard does not reflect a change in our underlying business or
            activities. The prior period in 2017 has been recast to conform to
            this presentation, resulting in the reclassification of $285 from
            operating activities to investing activities for the six months
            ended June 30, 2017. In addition, Arconic reclassified $52 of cash
            paid for debt prepayments including extinguishment costs from
            operating activities to financing activities for the six months
            ended June 30, 2017.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In the first quarter of 2017, Arconic sold 23,353,000 of its
            shares of Alcoa Corporation common stock at $38.03 per share which
            resulted in $888 in cash proceeds.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In the first quarter of 2017, Other investing activities included
            proceeds received from Alcoa Corporation&#8217;s sale of the Yadkin
            Hydroelectric Project.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            In the first quarter of 2018, Arconic adopted changes issued by
            the FASB to the classification of cash and cash equivalents within
            the statement of cash flows. Based on the new guidance, Arconic
            classified restricted cash and the change in restricted cash
            within the cash and cash equivalents and net change in cash and
            cash equivalents line items. The prior period in 2017 has been
            recast to conform to this presentation, resulting in the
            reclassification of $10 from investing activities for the six
            months ended June 30, 2017.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          8
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="29">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="29">
          <b>Segment Information (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="29">
          <b>(in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="3">
          <b>1Q17</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="3">
          <b>2Q17</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="3">
          <b>3Q17</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="3">
          <b>4Q17</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="3">
          <b>1Q18</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle" colspan="3">
          <b>2Q18</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Engineered Products and Solutions:</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Third-party sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,487
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,485
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,477
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,494
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,943
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,541
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,596
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Segment operating profit<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          247
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          250
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          239
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          228
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          964
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          221
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          212
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Segment operating profit margin
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          16.6
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          16.8
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          16.2
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          15.3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          16.2
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          14.3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          13.3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Provision for depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          64
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          66
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          68
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          70
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          268
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          71
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          70
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Impairment of goodwill
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="middle">
          Restructuring and other charges
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          8
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          10
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          30
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          9
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Global Rolled Products:</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Third-party sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,271
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,234
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,247
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,366
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,451
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Intersegment sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          34
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          37
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          36
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          41
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          148
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          46
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Segment operating profit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          136
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          133
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          64
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          91
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          424
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          112
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          123
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Segment operating profit margin
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          10.9
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          10.5
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5.2
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          7.3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          8.5
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          8.2
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          8.5
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Provision for depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          51
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          52
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          52
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          205
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          51
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          53
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          57
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          17
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (4
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          72
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (1
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="middle">
          Third-party aluminum shipments (kmt)
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          310
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          307
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          297
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          283
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          1,197
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          308
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          315
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Transportation and Construction Solutions:</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Third-party sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          456
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          504
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          523
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          528
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,011
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          537
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          562
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Segment operating profit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          68
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          71
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          74
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          77
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          290
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          67
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          97
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Segment operating profit margin
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          14.9
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          14.1
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          14.1
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          14.6
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          14.4
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          12.5
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          17.3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Provision for depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          12
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="middle">
          Restructuring and other charges
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          2
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          41
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          52
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <b>Reconciliation of total segment operating profit to Consolidated
          income (loss) before income taxes:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Total segment operating profit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          451
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          454
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          377
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          396
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,678
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          400
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          432
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Unallocated amounts:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (73
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (26
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (19
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (47
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (165
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (7
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (15
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Impairment of goodwill
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (719
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (719
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: left; padding-left: 10.0px; border-bottom-width: 1.0pt" valign="middle">
          Corporate expense<sup>(2)</sup>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (95
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (108
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (48
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (63
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (314
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (60
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (93
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Consolidated operating income (loss)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          283
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          320
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          310
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (433
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          480
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          333
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          324
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Interest expense<sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (115
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (183
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (100
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (98
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (496
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (114
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (89
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle">
          Other income (expense), net<sup>(4)</sup>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          316
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          132
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (38
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          76
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          486
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (20
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (41
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="middle">
          Consolidated income (loss) before income taxes
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          484
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          269
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          172
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          (455
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          470
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          199
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          194
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      In the first quarter of 2018, the Company changed its primary measure of
      segment performance from&#160;Adjusted EBITDA to Segment operating profit.
      Arconic&#8217;s definition of Segment operating profit is Operating income
      (loss) excluding Special items. Special items include Restructuring and
      other charges, and Impairment of goodwill. Segment operating profit may
      not be comparable to similarly titled measures of other companies. Prior
      period amounts have been recast to conform to current period
      presentation.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          9
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Segment operating profit also includes certain items which 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.
    </p>
    <p>
      The difference between certain segment totals and consolidated amounts
      is Corporate.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Segment operating profit in the second quarter of 2018 included
            the impact of a $23 charge related to a physical inventory
            adjustment at one plant.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For the quarter ended March 31, 2017, Corporate expense included
            $18 of costs associated with the separation of Alcoa Inc. and $16
            of proxy, advisory and governance-related costs. For the quarter
            ended June 30, 2017, Corporate expense included $42 of proxy,
            advisory and governance-related costs. For the quarter ended June
            30, 2018, Corporate expense included $38 of costs related to
            settlements of certain customer claims primarily related to
            product introductions and $4 of legal and other advisory costs
            related to Grenfell Tower.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For the quarter ended June 30, 2017, Interest expense included $76
            related to the early redemption of the Company&#8217;s outstanding
            6.500% Senior Notes due 2018 and 6.750% Senior Notes due 2018
            (collectively, the &#8220;2018 Senior Notes&#8221;) and a portion of the
            Company&#8217;s outstanding 5.720% Senior Notes due 2019. Interest
            expense for quarter ended March 31, 2018 included $19 related to
            the early redemption of the Company&#8217;s outstanding 5.720% Senior
            Notes due 2019.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For the quarter ended March 31, 2017, Other income (expense), net
            included a $351 gain on the sale of a portion of Arconic&#8217;s
            investment in Alcoa Corporation common stock. For the quarter
            ended June 30, 2017, Other income (expense), net included a $167
            gain on the exchange of Arconic&#8217;s remaining investment in Alcoa
            Corporation common stock for a portion of the Company&#8217;s
            outstanding 2018 Senior Notes. For the quarter ended December 31,
            2017, Other income (expense), net included favorable adjustments
            of $81 to the Firth Rixson earn-out and $25 to a
            separation-related guarantee liability.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          10
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Calculation of Financial Measures (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>(in millions, except per-share amounts)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top" rowspan="2">
          <b>Net income excluding Special items</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="11">
          <b>Quarter ended</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="7">
          <b>Six months ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>March 31,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          120
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          143
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          212
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          263
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          534
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Diluted earnings per share (EPS)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.24
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.43
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          0.53
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1.07
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Special items:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          15
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          22
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          99
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Discrete tax items<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          21
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          23
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Other special items<sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (23
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          67
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (348
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="middle">
          Tax impact<sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (13
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (8
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (50
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          (21
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          48
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Net income excluding Special items
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          185
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          169
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          165
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          354
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          334
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Diluted EPS excluding Special items
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          0.37
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          0.34
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          0.32
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          0.71
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          0.66
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Average number of shares - diluted EPS excluding Special items<sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          501,960,573
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          502,924,068
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          461,826,510
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          502,452,369
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          460,894,897
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <p>
      Net income excluding Special items and Diluted EPS excluding Special
      items are non-GAAP financial measures. Management believes that these
      measures are meaningful to investors because management reviews the
      operating results of Arconic excluding the impacts of Restructuring and
      other charges, Discrete tax items, and Other special items
      (collectively, &#8220;Special items&#8221;). There can be no assurances that
      additional special items will not occur in future periods. To compensate
      for this limitation, management believes that it is appropriate to
      consider both Net income determined under GAAP as well as Net income
      excluding Special items.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          Discrete tax items for each period included the following:
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the quarter ended June 30, 2018, charges resulting from the
            Company&#8217;s ongoing analysis of the U.S. Tax Cuts and Jobs Acts of
            2017 related to an increase in the provisional estimate of the
            one-time transition tax ($18) and Alternative Minimum Tax (AMT)
            credits expected to be refunded upon filing the 2018 tax return
            that will result in no benefit under government sequestration ($3);
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the quarter ended March 31, 2018, a charge for a number of
            small items ($2);
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the six months ended June 30, 2018, charges resulting from the
            Company&#8217;s ongoing analysis of the U.S. Tax Cuts and Jobs Acts of
            2017 related an increase in the provisional estimate of the
            one-time transition tax ($18) and AMT credits expected to be
            refunded upon filing the 2018 tax return that will result in no
            benefit under government sequestration ($3), and a charge for a
            number of small items ($2); and
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the six months ended June 30, 2017, a net charge for a number
            of small items ($1).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          Other special items included the following:
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the quarter ended June 30, 2018, costs related to settlements
            of certain customer claims primarily related to product
            introductions ($38) and legal and other advisory costs related to
            Grenfell Tower ($4);
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the quarter ended March 31, 2018, costs related to the early
            redemption of the Company&#8217;s outstanding 5.720% Senior Notes due
            2019 ($19), legal and other advisory costs related to Grenfell
            Tower ($5), and a charge for a number of small tax items ($1);
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the quarter ended June 30, 2017, a gain on the exchange of the
            remaining portion of Arconic&#8217;s investment in Alcoa Corporation
            common stock ($167), costs associated with the Company&#8217;s early
            redemption of $1,250 of outstanding senior notes ($76), proxy,
            advisory and governance-related costs ($42), an unfavorable tax
            impact resulting from the difference between Arconic&#8217;s
            consolidated estimated annual effective tax rate and the statutory
            rate applicable to special items ($30), and a favorable tax impact
            related to the interim period treatment of operational losses in
            certain foreign jurisdictions for which no tax benefit was
            recognized ($4);
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the six months ended June 30, 2018, costs related to
            settlements of certain customer claims primarily related to
            product introductions ($38), costs related to the early redemption
            of the Company&#8217;s outstanding 5.720% Senior Notes due 2019 ($19),
            legal and other advisory costs related to Grenfell Tower ($9), and
            a charge for a number of small tax items ($1); and
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#8226;
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            for the six months ended June 30, 2017, a gain on the sale of a
            portion of Arconic&#8217;s investment in Alcoa Corporation common stock
            ($351), a gain on the exchange of the remaining portion of
            Arconic&#8217;s investment in Alcoa Corporation common stock ($167),
            costs associated with the Company&#8217;s early redemption of $1,250 of
            outstanding senior notes ($76), proxy, advisory, and
            governance-related costs ($58), costs associated with the
            separation of Alcoa Inc. ($18), an unfavorable tax impact
            resulting from the difference between Arconic&#8217;s consolidated
            estimated annual effective tax rate and the statutory rate
            applicable to special items ($13), and an unfavorable tax impact
            related to the interim period treatment of operational losses in
            certain foreign jurisdictions for which no tax benefit was
            recognized ($5).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          The tax impact on special items is based on the applicable statutory
          rates whereby the difference between such rates and Arconic&#8217;s
          consolidated estimated annual effective tax rate is itself a Special
          item.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          The average number of shares applicable to diluted EPS excluding
          Special items, includes certain share equivalents as their effect
          was dilutive. For all periods presented, share equivalents
          associated with outstanding employee stock options and awards and
          shares underlying outstanding convertible debt (acquired through the
          acquisition of RTI) were dilutive based on Net income excluding
          Special items.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For the quarter and six months ended June 30, 2017, share
            equivalents associated with mandatory convertible preferred stock
            were anti-dilutive based on Net income excluding Special items.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          11
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top" rowspan="2">
          <b>Operational Tax Rate</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="11">
          <b>Quarter ended June 30, 2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="11">
          <b>Six months ended June 30, 2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>As reported</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Special</b><br><b>items<sup>(1)</sup></b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>As adjusted</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>As reported</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Special</b><br><b>items<sup>(1)</sup></b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>As adjusted</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Income before income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          194
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          57
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          251
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          393
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          88
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          481
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          74
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (8
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          66
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          130
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          127
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Operational tax rate
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          38.1
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26.3
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          33.1
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26.4
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
    <p>
      Operational tax rate is a non-GAAP financial measure. Management
      believes that this measure is meaningful to investors because management
      reviews the operating results of Arconic excluding the impacts of
      Special items. There can be no assurances that additional Special items
      will not occur in future periods. To compensate for this limitation,
      management believes that it is appropriate to consider both the
      Effective tax rate determined under GAAP as well as the Operational tax
      rate.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            See Net income excluding Special items reconciliation above for a
            description of Special items.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          12
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="24">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="24">
          <b>Calculation of Financial Measures (unaudited), continued</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="24">
          <b>(dollars in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Organic Revenue</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="7">
          <b>Quarter ended</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="7">
          <b>Quarter ended</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="6">
          <b>Six months ended</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>June 30,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>June 30,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>March 31,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>March 31,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>June 30,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>June 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Arconic</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Sales &#8211; Arconic
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,573
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,261
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,445
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,192
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,018
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,453
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Less:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Sales &#8211; Tennessee packaging
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          51
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          43
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          54
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          89
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          105
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Sales &#8211; Fusina rolling mill
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          54
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Sales &#8211; Latin America extrusions
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          56
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Aluminum price impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          149
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          109
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          258
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="middle">
          Foreign currency impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          38
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          66
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          104
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 10.0px" valign="middle">
          Arconic Organic revenue
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          3,340
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          3,171
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          3,202
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          3,067
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          6,542
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          6,238
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Engineered Products and Solutions (EP&amp;S)</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,596
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,485
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,541
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,487
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,137
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,972
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Less:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Aluminum price impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="middle">
          Foreign currency impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          15
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          25
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          40
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 10.0px" valign="middle">
          EP&amp;S Organic revenue
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,579
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,485
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,515
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,487
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          3,094
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          2,972
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Global Rolled Products (GRP)</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,451
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,271
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,366
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,519
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Less:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Sales &#8211; Tennessee packaging
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          51
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          43
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          54
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          89
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          105
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Sales &#8211; Fusina rolling mill
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          54
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Aluminum price impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          128
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          109
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          237
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="middle">
          Foreign currency impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          8
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          16
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          24
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 10.0px" valign="middle">
          GRP Organic revenue
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,269
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,211
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,198
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,149
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          2,467
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          2,360
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Transportation and Construction Solutions (TCS)</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          562
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          504
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          537
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          456
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          960
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Less:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Sales &#8211; Latin America extrusions
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          56
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="middle">
          Aluminum price impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          19
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (1
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          18
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 20.0px" valign="middle">
          Foreign currency impact
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          15
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          25
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          40
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          n/a
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 10.0px" valign="middle">
          TCS Organic revenue
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          528
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          474
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          488
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          430
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1,016
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          904
        </td>
      </tr>
    </table>
    </div>
    <p>
      Organic revenue is a non-GAAP financial measure. Management believes
      this measure is meaningful to investors as it presents revenue on a
      comparable basis for all periods presented due to the impact of the
      ramp-down and Toll Processing and Services Agreement with Alcoa
      Corporation at the North America packaging business at its Tennessee
      operations, the sale of the Fusina, Italy rolling mill, the sale of
      Latin America extrusions, and the impact of changes in aluminum prices
      and foreign currency fluctuations relative to the prior year periods.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          13
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Calculation of Financial Measures (unaudited), continued</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>(dollars in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top" rowspan="2">
          <b>Adjusted free cash flow</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="11">
          <b>Quarter ended</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="7">
          <b>Six months ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>March 31,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash provided from (used for) operations
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          176
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (436
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          79
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (260
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (316
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Capital expenditures
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (171
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (117
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (126
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (288
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          (229
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Cash receipts from sold receivables
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          284
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          136
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          190
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          420
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          285
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Adjusted free cash flow
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          289
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          (417
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          143
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          (128
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          (260
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      There has been no change in the net cash funding in the sale of accounts
      receivable program in the second quarter of 2018. It remains at $350.
    </p>
    <p>
      Adjusted free cash flow is a non-GAAP financial measure. Management
      believes that this measure is meaningful to investors because management
      reviews cash flows generated from operations after taking into
      consideration capital expenditures (due to the fact that these
      expenditures are considered necessary to maintain and expand Arconic&#8217;s
      asset base and are expected to generate future cash flows from
      operations), as well as cash receipts from net sales of beneficial
      interest in sold receivables. In conjunction with the implementation of
      the new accounting guidance on changes to the classification of certain
      cash receipts and cash payments within the statement of cash flows,
      specifically as it relates to the requirement to reclassify cash
      receipts from net sales of beneficial interest in sold receivables from
      operating activities to investing activities, the Company has changed
      the calculation of its measure of Adjusted free cash flow to include
      cash receipts from net sales of beneficial interest in sold receivables.
      This change to our measure of Adjusted free cash flow is being
      implemented to ensure consistent presentation of this measure across all
      historical periods. The adoption of this accounting guidance does not
      reflect a change in our underlying business or activities. It is
      important to note that Adjusted free cash flow does not represent the
      residual cash flow available for discretionary expenditures since other
      non-discretionary expenditures, such as mandatory debt service
      requirements, are not deducted from the measure.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Net Debt</b>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>June 30,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>March 31,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>December 31,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>September 30,</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>June 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Short-term debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          38
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          55
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          48
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Long-term debt, less amount due within one year
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,312
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,309
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,806
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,802
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          6,796
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Total debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,357
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,354
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,844
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,857
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,844
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Less: Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          1,455
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          1,205
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          2,150
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          1,815
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          1,785
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Net debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          4,902
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          5,149
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          4,694
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          5,042
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          5,059
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Net debt is a non-GAAP financial measure. Management believes that this
      measure is meaningful to investors because management assesses Arconic&#8217;s
      leverage position after factoring in available cash that could be used
      to repay outstanding debt.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          14
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <b>Calculation of Financial Measures (unaudited), continued</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <b>(dollars in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="6">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top" rowspan="2">
          <b>Operating income excluding Special items</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="11">
          <b>Quarter ended</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="6">
          <b>Six months ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>March 31,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>June 30,</b><br><b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          324
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          333
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          320
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          657
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          603
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="middle">
          Special items:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          15
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          26
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          22
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          99
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Separation costs
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          18
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Proxy, advisory and governance-related costs
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          58
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="middle">
          Legal and other advisory costs related to Grenfell Tower
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="middle">
          Settlements of certain customer claims primarily related to product
          introductions
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          38
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          38
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          &#8212;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="middle">
          Operating income excluding Special items
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          381
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          345
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          388
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          726
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          778
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Operating income excluding Special items is a non-GAAP financial
      measure. Management believes that this measure is meaningful to
      investors because management reviews the operating results of Arconic
      excluding the impacts of Special items. There can be no assurances that
      additional Special items will not occur in future periods. To compensate
      for this limitation, management believes that it is appropriate to
      consider both Operating income determined under GAAP as well as
      Operating income excluding Special items.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 8pt; font-family: Times New Roman; text-align: center">
          15
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="5">
          <b>Arconic and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="5">
          <b>Calculation of Financial Measures (unaudited), continued</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="5">
          <b>(dollars in millions)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" rowspan="2">
          <b>Return on Net Assets (RONA)</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Six months ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2018</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          263
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="bottom">
          Special items<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          91
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          Net income excluding Special items
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          354
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Annualized net income excluding Special items
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          708
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          Net Assets:
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>June 30, 2018</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          Add: Receivables from customers, less allowances
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,159
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          Add: Deferred purchase program<sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          313
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          Add: Inventories
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,659
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="bottom">
          Less: Accounts payable, trade
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          2,024
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Working capital
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom" colspan="2">
          2,107
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px" valign="bottom">
          Properties, plants, and equipment, net (PP&amp;E)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: solid; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          5,582
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net assets - total
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,689
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          RONA
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom" colspan="2">
          9.2
        </td>
        <td style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; border-bottom-style: double; text-align: left; padding-left: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
    <p>
      RONA is a non-GAAP financial measure. RONA is calculated as Net income
      excluding Special items divided by working capital and net PP&amp;E.
      Management believes that this measure is meaningful to investors as RONA
      helps management and investors determine the percentage of net income
      the Company is generating from its assets. This ratio tells how
      effectively and efficiently the Company is using its assets to generate
      earnings.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          See Reconciliation of Net income excluding Special items for a
          description of Special items.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            The Deferred purchase program relates to an arrangement to sell
            certain customer receivables to several financial institutions on
            a recurring basis. Arconic is adding back the receivable for the
            purposes of the Working capital calculation.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Arconic Inc.<br><b>Investor Contact</b><br>Patricia
      Figueroa, 212-836-2758<br><u>Patricia.Figueroa@arconic.com</u><br>OR<br><b>Media
      Contact</b><br>Lori Lecker, 412-553-3186<br><u>Lori.Lecker@arconic.com</u>
    </p>
    <p style="text-align: center">
      <br>
      16
    </p>
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</DOCUMENT>
</SEC-DOCUMENT>
