XML 55 R37.htm IDEA: XBRL DOCUMENT
v3.20.4

Restructuring and Other Charges (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Other Charges | Restructuring and other charges were comprised of the following:
For the year ended December 31, | 2020 |  | 2019 |  | 2018
Layoff costs | $ | 113 |  |  | $ | 69 |  |  | $ | 18 |
Reversals of and adjustments to previously recorded layoff reserves | (21) |  |  | (6) |  |  | (8) |
Pension, Other post-retirement benefits (costs) and deferred compensation - net settlement and curtailments | 69 |  |  | (7) |  |  | 91 |
Non-cash asset impairments (O) | 5 |  |  | 442 |  |  | 9 |
Net loss on divestitures of assets and businesses (U) | 8 |  |  | 63 |  |  | 43 |
Other | 8 |  |  | 21 |  |  | 10 |
Restructuring and other charges | $ | 182 |  |  | $ | 582 |  |  | $ | 163 |
Schedule of Restructuring and Other Charges by Reportable Segments, Pretax | Activity and reserve balances for restructuring charges were as follows:
| Layoff costs |  | Other exit costs |  | Total
Reserve balances at December 31, 2017 | $ | 33 |  |  | $ | — |  |  | $ | 33 |
2018 Activity |  |  |  |  |
Cash payments | (30) |  |  | — |  |  | (30) |
Restructuring and other charges | 101 |  |  | 62 |  |  | 163 |
Other(1) | (91) |  |  | (53) |  |  | (144) |
Reserve balances at December 31, 2018 | $ | 13 |  |  | $ | 9 |  |  | $ | 22 |
2019 Activity |  |  |  |  |
Cash payments | $ | (63) |  |  | $ | — |  |  | $ | (63) |
Restructuring and other charges | 58 |  |  | 524 |  |  | 582 |
Other(2) | 5 |  |  | (533) |  |  | (528) |
Reserve balances at December 31, 2019 | $ | 13 |  |  | $ | — |  |  | $ | 13 |
2020 Activity |  |  |  |  |
Cash payments | $ | (51) |  |  | $ | — |  |  | $ | (51) |
Restructuring and other charges | 161 |  |  | 21 |  |  | 182 |
Other(3) | (69) |  |  | (21) |  |  | (90) |
Reserve balances at December 31, 2020 | $ | 54 |  |  | $ | — |  |  | $ | 54 |
(1)In 2018, Other for layoff costs included reclassifications of $119 in settlement and curtailment pension costs and a $28 benefit in postretirement benefits, as the impacts were reflected in the Company's separate liabilities for Accrued pension benefits and Accrued postretirement benefits. In 2018, Other exit costs included a $43 loss on sale of the Hungary forgings business; a $9 charge for contract termination costs associated with the shutdown of a facility in Acuna, Mexico and the New York office; a $4 charge for other miscellaneous items including accelerated depreciation and asset impairments; a $3 benefit for other exit costs. (2)In 2019, Other for layoff costs included reclassifications of a $16 credit for elimination of life insurance benefits for U.S. salaried and non-bargaining hourly retirees, a charge of $9 for pension plan settlement accounting, as the impacts were reflected in the Company's separate liabilities for Accrued pension benefits and Accrued postretirement benefits; a charge of $2 net charge for executive severance net of the benefit of forfeited executive stock compensation. In 2019, Other exit costs included a charge of $428 for impairment of the Disks long-lived asset group; a charge of $59 for impairment of assets associated with agreement to sell the U.K. forgings business, and a small additive business; a charge of $14 for impairment of properties, plants, and equipment related to the Company’s primary research and development facility; a charge of $12 for lease terminations; $5 charge for impairment of a cost method investment, a charge of $7 related to other miscellaneous items and $9 reclassification of lease exit costs to reduce right of use assets in Other Noncurrent assets in accordance with the adoption of the new lease accounting standard; partially offset by a gain of $1 on the sales of assets. (3)In 2020, Other for layoff costs included $74 in settlement accounting charges related to U.K. and U.S. pension plans, offset by a $3 benefit from the termination of a deferred compensation plan and a $2 curtailment benefit related to a postretirement plan; while Other exit costs included a charge of $5 for impairment of assets; a $5 post-closing adjustment related to the sale of a business; a $5 charge related to the impairment of a cost method investment; a $2 charge for accelerated depreciation; a $1 charge for impairment of assets due to a facility closure and a $6 charge for various other exit costs, which were offset by a gain of $3 on the sale of assets.

X
- Definition Tabular disclosure of the entity restructuring charges before income tax by reportable segment had such charges been included in the entity's segment results. + References No definition available. + Details
Name: | arnc_ScheduleOfProFormaRestructuringChargesByReportableSegmentBeforeIncomeTaxTableTextBlock
Namespace Prefix: | arnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration