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Segment Information (Tables) | 9 Months Ended
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Sep. 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 Forgings |  | Global Rolled Products |  | Total Segment
Third quarter ended September 30, 2019 |  |  |  |  |
Sales: |  |  |  |  |
Third-party sales | $ | 1,794 |  |  | $ | 1,763 |  |  | $ | 3,557 |
Intersegment sales | — |  |  | 41 |  |  | 41 |
Total sales | $ | 1,794 |  |  | $ | 1,804 |  |  | $ | 3,598 |
Profit and loss: |  |  |  |  |
Segment operating profit | $ | 363 |  |  | $ | 161 |  |  | $ | 524 |
Restructuring and other charges | 45 |  |  | 62 |  |  | 107 |
Provision for depreciation and amortization | 65 |  |  | 57 |  |  | 122 |
Third quarter ended September 30, 2018 |  |  |  |  |
Sales: |  |  |  |  |
Third-party sales | $ | 1,683 |  |  | $ | 1,839 |  |  | $ | 3,522 |
Intersegment sales | — |  |  | 44 |  |  | 44 |
Total sales | $ | 1,683 |  |  | $ | 1,883 |  |  | $ | 3,566 |
Profit and loss: |  |  |  |  |
Segment operating profit | $ | 284 |  |  | $ | 107 |  |  | $ | 391 |
Restructuring and other charges | 15 |  |  | 2 |  |  | 17 |
Provision for depreciation and amortization | 73 |  |  | 61 |  |  | 134 |
| Engineered Products and Forgings |  | Global Rolled Products |  | Total Segment
Nine months ended September 30, 2019 |  |  |  |  |
Sales: |  |  |  |  |
Third-party sales | $ | 5,372 |  |  | $ | 5,415 |  |  | $ | 10,787 |
Intersegment sales | — |  |  | 142 |  |  | 142 |
Total sales | $ | 5,372 |  |  | $ | 5,557 |  |  | $ | 10,929 |
Profit and loss: |  |  |  |  |
Segment operating profit | $ | 1,036 |  |  | $ | 475 |  |  | $ | 1,511 |
Restructuring and other charges | 506 |  |  | 99 |  |  | 605 |
Provision for depreciation and amortization | 206 |  |  | 175 |  |  | 381 |
Nine months ended September 30, 2018 |  |  |  |  |
Sales: |  |  |  |  |
Third-party sales | $ | 5,083 |  |  | $ | 5,468 |  |  | $ | 10,551 |
Intersegment sales | — |  |  | 161 |  |  | 161 |
Total sales | $ | 5,083 |  |  | $ | 5,629 |  |  | $ | 10,712 |
Profit and loss: |  |  |  |  |
Segment operating profit | $ | 837 |  |  | $ | 388 |  |  | $ | 1,225 |
Restructuring and other charges | 24 |  |  | 3 |  |  | 27 |
Provision for depreciation and amortization | 217 |  |  | 185 |  |  | 402 |
Schedule Of Segment Reporting Information To Consolidate Net Income Loss Attributable To Parent | The following table reconciles Total segment operating profit to Consolidated income before income taxes:
| Third quarter ended |  | Nine months ended
| September 30, |  | September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Total segment operating profit | $ | 524 |  |  | $ | 391 |  |  | $ | 1,511 |  |  | $ | 1,225 |
Unallocated amounts: |  |  |  |  |  |  |
Restructuring and other charges | (119 | ) |  | 2 |  |  | (630 | ) |  | (20 | )
Corporate expense | (79 | ) |  | (48 | ) |  | (262 | ) |  | (203 | )
Consolidated operating income | $ | 326 |  |  | $ | 345 |  |  | $ | 619 |  |  | $ | 1,002 |
Interest expense | (86 | ) |  | (88 | ) |  | (256 | ) |  | (291 | )
Other expense, net | (31 | ) |  | (8 | ) |  | (92 | ) |  | (69 | )
Consolidated income before income taxes | $ | 209 |  |  | $ | 249 |  |  | $ | 271 |  |  | $ | 642 |
Reconciliation of Assets from Segment to Consolidated | The following table reconciles Total segment assets to Consolidated assets:
| September 30, 2019 |  | December 31, 2018
Total segment assets | $ | 15,281 |  |  | $ | 15,339 |
Unallocated amounts: |  |  |
Cash and cash equivalents | 1,321 |  |  | 2,277 |
Deferred income taxes | 466 |  |  | 573 |
Corporate fixed assets, net | 320 |  |  | 334 |
Fair value of derivative contracts | 11 |  |  | 37 |
Other | 85 |  |  | 133 |
Consolidated assets | $ | 17,484 |  |  | $ | 18,693 |
The total assets of Arconic's reportable segment were as follows:
| September 30, 2019 |  | December 31, 2018
Engineered Products and Forgings | $ | 10,180 |  |  | $ | 10,384 |
Global Rolled Products | 5,101 |  |  | 4,955 |
Total segment assets | $ | 15,281 |  |  | $ | 15,339 |
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 nine months ended September 30, 2018, Corporate included $38 of costs related to settlements of certain customer claims primarily related to product introductions.
| Engineered Products and Forgings |  | Global Rolled Products |  | Total Segment
Third quarter ended September 30, 2019 |  |  |  |  |
Aerospace | $ | 1,290 |  |  | $ | 300 |  |  | $ | 1,590 |
Transportation | 319 |  |  | 587 |  |  | 906 |
Building and construction | — |  |  | 329 |  |  | 329 |
Industrial and Other | 185 |  |  | 547 |  |  | 732 |
Total end-market revenue | $ | 1,794 |  |  | $ | 1,763 |  |  | $ | 3,557 |
Third quarter ended September 30, 2018 |  |  |  |  |
Aerospace | $ | 1,190 |  |  | $ | 274 |  |  | $ | 1,464 |
Transportation | 319 |  |  | 654 |  |  | 973 |
Building and construction | — |  |  | 352 |  |  | 352 |
Industrial and Other | 174 |  |  | 559 |  |  | 733 |
Total end-market revenue | $ | 1,683 |  |  | $ | 1,839 |  |  | $ | 3,522 |
Nine months ended September 30, 2019 |  |  |  |  |
Aerospace | $ | 3,823 |  |  | $ | 931 |  |  | $ | 4,754 |
Transportation | 1,004 |  |  | 1,868 |  |  | 2,872 |
Building and construction | — |  |  | 1,004 |  |  | 1,004 |
Industrial and Other | 545 |  |  | 1,612 |  |  | 2,157 |
Total end-market revenue | $ | 5,372 |  |  | $ | 5,415 |  |  | $ | 10,787 |
Nine months ended September 30, 2018 |  |  |  |  |
Aerospace | $ | 3,519 |  |  | $ | 802 |  |  | $ | 4,321 |
Transportation | 981 |  |  | 1,914 |  |  | 2,895 |
Building and construction | — |  |  | 1,033 |  |  | 1,033 |
Industrial and Other | 583 |  |  | 1,719 |  |  | 2,302 |
Total end-market revenue | $ | 5,083 |  |  | $ | 5,468 |  |  | $ | 10,551 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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