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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Operating Results of Arconic's Reportable Segments | The operating results of the Company’s reportable segments were as follows. Differences between total segment and consolidated totals are in Corporate.
| Engine Products |  | Fastening Systems |  | Engineered Structures |  | Forged Wheels |  | Total Segment
Third quarter ended September 30, 2020 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 485 |  |  | $ | 271 |  |  | $ | 206 |  |  | $ | 172 |  |  | $ | 1,134 |
Inter-segment sales | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 2 |
Total sales | $ | 486 |  |  | $ | 271 |  |  | $ | 207 |  |  | $ | 172 |  |  | $ | 1,136 |
Profit and loss: |  |  |  |  |  |  |  |  |
Segment operating profit | $ | 39 |  |  | $ | 33 |  |  | $ | 10 |  |  | $ | 35 |  |  | $ | 117 |
Restructuring and other charges | 9 |  |  | — |  |  | 9 |  |  | — |  |  | 18 |
Provision for depreciation and amortization | 31 |  |  | 12 |  |  | 13 |  |  | 10 |  |  | 66 |
Capital expenditures | 15 |  |  | 9 |  |  | 3 |  |  | 6 |  |  | 33 |
Third quarter ended September 30, 2019 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 844 |  |  | $ | 391 |  |  | $ | 318 |  |  | $ | 241 |  |  | $ | 1,794 |
Inter-segment sales | 1 |  |  | — |  |  | 4 |  |  | — |  |  | 5 |
Total sales | $ | 845 |  |  | $ | 391 |  |  | $ | 322 |  |  | $ | 241 |  |  | $ | 1,799 |
Profit and loss: |  |  |  |  |  |  |  |  |
Segment operating profit | $ | 161 |  |  | $ | 102 |  |  | $ | 40 |  |  | $ | 60 |  |  | $ | 363 |
Restructuring and other charges | 43 |  |  | — |  |  | 1 |  |  | — |  |  | 44 |
Provision for depreciation and amortization | 31 |  |  | 12 |  |  | 15 |  |  | 8 |  |  | 66 |
Capital expenditures | 39 |  |  | 7 |  |  | 4 |  |  | 11 |  |  | 61 |
| Engine Products |  | Fastening Systems |  | Engineered Structures |  | Forged Wheels |  | Total Segment
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 1,851 |  |  | $ | 982 |  |  | $ | 710 |  |  | $ | 476 |  |  | $ | 4,019 |
Inter-segment sales | 4 |  |  | — |  |  | 6 |  |  | — |  |  | 10 |
Total sales | $ | 1,855 |  |  | $ | 982 |  |  | $ | 716 |  |  | $ | 476 |  |  | $ | 4,029 |
Profit and loss: |  |  |  |  |  |  |  |  |
Segment operating profit | $ | 309 |  |  | $ | 199 |  |  | $ | 57 |  |  | $ | 91 |  |  | $ | 656 |
Restructuring and other charges | 44 |  |  | 26 |  |  | 21 |  |  | 3 |  |  | 94 |
Provision for depreciation and amortization | 92 |  |  | 36 |  |  | 40 |  |  | 29 |  |  | 197 |
Capital expenditures | 48 |  |  | 24 |  |  | 11 |  |  | 17 |  |  | 100 |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 2,492 |  |  | $ | 1,185 |  |  | $ | 943 |  |  | $ | 752 |  |  | $ | 5,372 |
Inter-segment sales | 9 |  |  | — |  |  | 10 |  |  | — |  |  | 19 |
Total sales | $ | 2,501 |  |  | $ | 1,185 |  |  | $ | 953 |  |  | $ | 752 |  |  | $ | 5,391 |
Profit and loss: |  |  |  |  |  |  |  |  |
Segment operating profit | $ | 465 |  |  | $ | 297 |  |  | $ | 81 |  |  | $ | 193 |  |  | $ | 1,036 |
Restructuring and other charges | 296 |  |  | 6 |  |  | 198 |  |  | 5 |  |  | 505 |
Provision for depreciation and amortization | 100 |  |  | 36 |  |  | 46 |  |  | 24 |  |  | 206 |
Capital expenditures | 165 |  |  | 24 |  |  | 22 |  |  | 56 |  |  | 267 |
Schedule of Segment Reporting Information to Consolidated Income Before income Taxes | The following table reconciles Total segment operating profit to Income (loss) from continuing operations before income taxes:
| Third quarter ended |  | Nine months ended
| September 30, |  | September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Total segment operating profit | $ | 117 |  |  | $ | 363 |  |  | $ | 656 |  |  | $ | 1,036 |
Unallocated amounts: |  |  |  |  |  |  |
Restructuring and other charges | (22) |  |  | (56) |  |  | (166) |  |  | (572) |
Corporate expense | (22) |  |  | (51) |  |  | (85) |  |  | (170) |
Consolidated operating income | $ | 73 |  |  | $ | 256 |  |  | $ | 405 |  |  | $ | 294 |
Interest expense, net | (77) |  |  | (85) |  |  | (305) |  |  | (256) |
Other expense, net | (8) |  |  | (8) |  |  | — |  |  | (26) |
Income (loss) from continuing operations before income taxes | $ | (12) |  |  | $ | 163 |  |  | $ | 100 |  |  | $ | 12 |
Reconciliation of Capital Expenditures from Segments to Consolidated | The following table reconciles Total segment capital expenditures, which are presented on an accrual basis, with Capital expenditures as presented on the statement of cash flows. Differences between segment and consolidated totals are in Corporate and discontinued operations, including the impact of changes in accrued capital expenditures during the period.
| Third quarter ended |  | Nine months ended
| September 30, |  | September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Total segment capital expenditures | $ | 33 |  |  | $ | 61 |  |  | $ | 100 |  |  | $ | 267 |
Corporate and discontinued operations | 3 |  |  | 66 |  |  | 120 |  |  | 265 |
Capital expenditures | $ | 36 |  |  | $ | 127 |  |  | $ | 220 |  |  | $ | 532 |
Disaggregation of Revenue by Major End Market Served | The following table disaggregates segment revenue by major end market served. Differences between total segment and consolidated totals are in Corporate.
| Engine Products |  | Fastening Systems |  | Engineered Structures |  | Forged Wheels |  | Total Segment
Third quarter ended September 30, 2020 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 199 |  |  | $ | 169 |  |  | $ | 104 |  |  | $ | — |  |  | $ | 472 |
Aerospace - Defense | 142 |  |  | 37 |  |  | 82 |  |  | — |  |  | 261 |
Commercial Transportation | — |  |  | 38 |  |  | — |  |  | 172 |  |  | 210 |
Industrial and Other | 144 |  |  | 27 |  |  | 20 |  |  | — |  |  | 191 |
Total end-market revenue | $ | 485 |  |  | $ | 271 |  |  | $ | 206 |  |  | $ | 172 |  |  | $ | 1,134 |
Third quarter ended September 30, 2019 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 571 |  |  | $ | 267 |  |  | $ | 226 |  |  | $ | — |  |  | $ | 1,064 |
Aerospace - Defense | 120 |  |  | 41 |  |  | 65 |  |  | — |  |  | 226 |
Commercial Transportation | 5 |  |  | 59 |  |  | — |  |  | 241 |  |  | 305 |
Industrial and Other | 148 |  |  | 24 |  |  | 27 |  |  | — |  |  | 199 |
Total end-market revenue | $ | 844 |  |  | $ | 391 |  |  | $ | 318 |  |  | $ | 241 |  |  | $ | 1,794 |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 1,018 |  |  | $ | 650 |  |  | $ | 432 |  |  | $ | — |  |  | $ | 2,100 |
Aerospace - Defense | 394 |  |  | 120 |  |  | 216 |  |  | — |  |  | 730 |
Commercial Transportation | — |  |  | 118 |  |  | — |  |  | 476 |  |  | 594 |
Industrial and Other | 439 |  |  | 94 |  |  | 62 |  |  | — |  |  | 595 |
Total end-market revenue | $ | 1,851 |  |  | $ | 982 |  |  | $ | 710 |  |  | $ | 476 |  |  | $ | 4,019 |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 1,689 |  |  | $ | 803 |  |  | $ | 672 |  |  | $ | — |  |  | $ | 3,164 |
Aerospace - Defense | 350 |  |  | 115 |  |  | 194 |  |  | — |  |  | 659 |
Commercial Transportation | 17 |  |  | 179 |  |  | — |  |  | 754 |  |  | 950 |
Industrial and Other | 436 |  |  | 88 |  |  | 77 |  |  | (2) |  |  | 599 |
Total end-market revenue | $ | 2,492 |  |  | $ | 1,185 |  |  | $ | 943 |  |  | $ | 752 |  |  | $ | 5,372 |

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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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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