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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Schedule of Operating Results of Arconic's Reportable Segments | The operating results of Arconic’s reportable segments were as follows:
| Engineered Products and Solutions |  | Global Rolled Products |  | Transportation and Construction Solutions |  | Total Segment
Second quarter ended June 30, 2019 |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |
Third-party sales | $ | 1,565 |  |  | $ | 1,577 |  |  | $ | 548 |  |  | $ | 3,690 |
Intersegment sales | — |  |  | 55 |  |  | — |  |  | 55 |
Total sales | $ | 1,565 |  |  | $ | 1,632 |  |  | $ | 548 |  |  | $ | 3,745 |
Profit and loss: |  |  |  |  |  |  |
Segment operating profit | $ | 286 |  |  | $ | 145 |  |  | $ | 107 |  |  | $ | 538 |
Restructuring and other charges | 442 |  |  | 2 |  |  | 25 |  |  | 469 |
Provision for depreciation and amortization | 62 |  |  | 54 |  |  | 13 |  |  | 129 |
Second quarter ended June 30, 2018 |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |
Third-party sales | $ | 1,474 |  |  | $ | 1,573 |  |  | $ | 562 |  |  | $ | 3,609 |
Intersegment sales | — |  |  | 61 |  |  | — |  |  | 61 |
Total sales | $ | 1,474 |  |  | $ | 1,634 |  |  | $ | 562 |  |  | $ | 3,670 |
Profit and loss: |  |  |  |  |  |  |
Segment operating profit | $ | 224 |  |  | $ | 111 |  |  | $ | 97 |  |  | $ | 432 |
Restructuring and other charges | 8 |  |  | 2 |  |  | — |  |  | 10 |
Provision for depreciation and amortization | 65 |  |  | 59 |  |  | 12 |  |  | 136 |
| Engineered Products and Solutions |  | Global Rolled Products |  | Transportation and Construction Solutions |  | Total Segment
Six months ended June 30, 2019 |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |
Third-party sales | $ | 3,067 |  |  | $ | 3,080 |  |  | $ | 1,083 |  |  | $ | 7,230 |
Intersegment sales | — |  |  | 110 |  |  | — |  |  | 110 |
Total sales | $ | 3,067 |  |  | $ | 3,190 |  |  | $ | 1,083 |  |  | $ | 7,340 |
Profit and loss: |  |  |  |  |  |  |
Segment operating profit | $ | 539 |  |  | $ | 252 |  |  | $ | 194 |  |  | $ | 985 |
Restructuring and other charges | 456 |  |  | 8 |  |  | 34 |  |  | 498 |
Provision for depreciation and amortization | 126 |  |  | 108 |  |  | 26 |  |  | 260 |
Six months ended June 30, 2018 |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |
Third-party sales | $ | 2,900 |  |  | $ | 3,054 |  |  | $ | 1,099 |  |  | $ | 7,053 |
Intersegment sales | — |  |  | 118 |  |  | — |  |  | 118 |
Total sales | $ | 2,900 |  |  | $ | 3,172 |  |  | $ | 1,099 |  |  | $ | 7,171 |
Profit and loss: |  |  |  |  |  |  |
Segment operating profit | $ | 433 |  |  | $ | 235 |  |  | $ | 164 |  |  | $ | 832 |
Restructuring and other charges | 9 |  |  | 1 |  |  | — |  |  | 10 |
Provision for depreciation and amortization | 130 |  |  | 115 |  |  | 25 |  |  | 270 |
Schedule Of Segment Reporting Information To Consolidate Net Income Loss Attributable To Parent | The following table reconciles Total segment operating profit to Consolidated (loss) income before income taxes:
| Second quarter ended |  | Six months ended
| June 30, |  | June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Total segment operating profit | $ | 538 |  |  | $ | 432 |  |  | $ | 985 |  |  | $ | 832 |
Unallocated amounts: |  |  |  |  |  |  |
Restructuring and other charges | (499 | ) |  | (15 | ) |  | (511 | ) |  | (22 | )
Corporate expense | (120 | ) |  | (93 | ) |  | (181 | ) |  | (153 | )
Consolidated operating (loss) income | $ | (81 | ) |  | $ | 324 |  |  | $ | 293 |  |  | $ | 657 |
Interest expense | (85 | ) |  | (89 | ) |  | (170 | ) |  | (203 | )
Other expense, net | (29 | ) |  | (41 | ) |  | (61 | ) |  | (61 | )
Consolidated (loss) income before income taxes | $ | (195 | ) |  | $ | 194 |  |  | $ | 62 |  |  | $ | 393 |
Reconciliation of Assets from Segment to Consolidated | The total assets of Arconic's reportable segment were as follows:
| June 30, 2019 |  | December 31, 2018
Engineered Products and Solutions | $ | 9,681 |  |  | $ | 9,797 |
Global Rolled Products | 4,714 |  |  | 4,486 |
Transportation and Construction Solutions | 1,216 |  |  | 1,089 |
Total segment assets | $ | 15,611 |  |  | $ | 15,372 |
The following table reconciles Total segment assets to Consolidated assets:
| June 30, 2019 |  | December 31, 2018
Total segment assets | $ | 15,611 |  |  | $ | 15,372 |
Unallocated amounts: |  |  |
Cash and cash equivalents | 1,357 |  |  | 2,277 |
Deferred income taxes | 568 |  |  | 573 |
Corporate fixed assets, net | 302 |  |  | 305 |
Fair value of derivative contracts | 5 |  |  | 37 |
Other | 70 |  |  | 129 |
Consolidated assets | $ | 17,913 |  |  | $ | 18,693 |
Disaggregation of Revenue by Major End Market Served | The following table disaggregates revenue by major end market served. Differences between segment totals and consolidated Arconic are in Corporate. For the second quarter and six months ended June 30, 2018, Corporate included $38 of costs related to settlements of certain customer claims primarily related to product introductions.
| Engineered Products and Solutions |  | Global Rolled Products |  | Transportation and Construction Solutions |  | Total Segment
Second quarter ended June 30, 2019 |  |  |  |  |  |  |
Aerospace | $ | 1,283 |  |  | $ | 328 |  |  | $ | — |  |  | $ | 1,611 |
Transportation | 85 |  |  | 632 |  |  | 258 |  |  | 975 |
Building and construction | — |  |  | 54 |  |  | 291 |  |  | 345 |
Industrial and Other | 197 |  |  | 563 |  |  | (1 | ) |  | 759 |
Total end-market revenue | $ | 1,565 |  |  | $ | 1,577 |  |  | $ | 548 |  |  | $ | 3,690 |
Second quarter ended June 30, 2018 |  |  |  |  |  |  |
Aerospace | $ | 1,187 |  |  | $ | 280 |  |  | $ | — |  |  | $ | 1,467 |
Transportation | 93 |  |  | 638 |  |  | 253 |  |  | 984 |
Building and construction | — |  |  | 60 |  |  | 297 |  |  | 357 |
Industrial and Other | 194 |  |  | 595 |  |  | 12 |  |  | 801 |
Total end-market revenue | $ | 1,474 |  |  | $ | 1,573 |  |  | $ | 562 |  |  | $ | 3,609 |
Six months ended June 30, 2019 |  |  |  |  |  |  |
Aerospace | $ | 2,533 |  |  | $ | 630 |  |  | $ | — |  |  | $ | 3,163 |
Transportation | 172 |  |  | 1,281 |  |  | 513 |  |  | 1,966 |
Building and construction | — |  |  | 103 |  |  | 572 |  |  | 675 |
Industrial and Other | 362 |  |  | 1,066 |  |  | (2 | ) |  | 1,426 |
Total end-market revenue | $ | 3,067 |  |  | $ | 3,080 |  |  | $ | 1,083 |  |  | $ | 7,230 |
Six months ended June 30, 2018 |  |  |  |  |  |  |
Aerospace | $ | 2,328 |  |  | $ | 528 |  |  | $ | — |  |  | $ | 2,856 |
Transportation | 166 |  |  | 1,260 |  |  | 496 |  |  | 1,922 |
Building and construction | — |  |  | 108 |  |  | 582 |  |  | 690 |
Industrial and Other | 406 |  |  | 1,158 |  |  | 21 |  |  | 1,585 |
Total end-market revenue | $ | 2,900 |  |  | $ | 3,054 |  |  | $ | 1,099 |  |  | $ | 7,053 |

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