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Properties, Plants, and Equipment, Net | 12 Months Ended
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Dec. 31, 2019
Property, Plant and Equipment [Abstract] |
Properties, Plants, and Equipment, Net | Properties, Plants, and Equipment, Net
December 31, | 2019 |  | 2018
Land and land rights | $ | 128 |  |  | $ | 136 |
Structures: |  |  |
Engineered Products and Forgings | 812 |  |  | 769 |
Global Rolled Products | 1,304 |  |  | 1,317 |
Other | 269 |  |  | 278 |
| 2,385 |  |  | 2,364 |
Machinery and equipment: |  |  |
Engineered Products and Forgings | 3,514 |  |  | 3,433 |
Global Rolled Products | 5,401 |  |  | 5,356 |
Other | 378 |  |  | 445 |
| 9,293 |  |  | 9,234 |
| 11,806 |  |  | 11,734 |
Less: accumulated depreciation and amortization | 7,074 |  |  | 6,769 |
| 4,732 |  |  | 4,965 |
Construction work-in-progress | 731 |  |  | 739 |
| $ | 5,463 |  |  | $ | 5,704 |
During the second quarter of 2019, the Company updated its five-year strategic plan and determined that there was a decline in the forecasted financial performance for the Disks asset group within the EP&F segment. As such, the Company evaluated the recoverability of the Disks asset group long-lived assets by comparing the carrying value to the undiscounted cash flows of the Disks asset group. The carrying value exceeded the undiscounted cash flows and therefore the Disks asset group long-lived assets were deemed to be impaired. The impairment charge was measured as the amount of carrying value in excess of fair value of the long-lived assets, with fair value determined using a DCF model and a combination of sales comparison and cost approach valuation methods including an estimate for economic obsolescence. The impairment charge of $428 recorded in the second quarter of 2019 impacted properties, plants, and equipment; intangible assets; and certain other noncurrent assets by $198, $197, and $33, respectively. The impairment charge was recorded in Restructuring and other charges in the Statement of Consolidated Operations in 2019. During the second quarter of 2018, the Company updated its three-year strategic plan and determined that there was a decline in the forecasted financial performance for the Disks asset group within the EP&F segment. As such, the Company evaluated the recoverability of the long-lived assets by comparing their carrying value of approximately $515 to the estimated undiscounted net cash flows of the Disks asset group, resulting in an estimated fair value in excess of their carrying value of approximately 13%; thus, there was no impairment. There were no indicators of impairment identified for the Disks asset group during the third or fourth quarters of 2018 and, as such, the Company did not evaluate the recoverability of its long-lived assets.

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- References No definition available. + Details
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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