XML 35 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Operating Results of Arconic's Reportable Segments | The operating results of the Company’s reportable segments were as follows:
| Engine Products |  | Fastening Systems |  | Engineered Structures |  | Forged Wheels |  | Total Segment
Third quarter ended September 30, 2023 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 798 |  |  | $ | 348 |  |  | $ | 227 |  |  | $ | 285 |  |  | $ | 1,658 |
Inter-segment sales | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Total sales | $ | 803 |  |  | $ | 348 |  |  | $ | 227 |  |  | $ | 285 |  |  | $ | 1,663 |
Profit and loss: |  |  |  |  |  |  |  |  |
Provision for depreciation and amortization | $ | 33 |  |  | $ | 12 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 67 |
Segment Adjusted EBITDA | 219 |  |  | 76 |  |  | 30 |  |  | 77 |  |  | 402 |
Restructuring and other charges | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 2 |
Capital expenditures | 30 |  |  | 9 |  |  | 6 |  |  | 9 |  |  | 54 |
Third quarter ended September 30, 2022 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 683 |  |  | $ | 291 |  |  | $ | 193 |  |  | $ | 266 |  |  | $ | 1,433 |
Inter-segment sales | 1 |  |  | — |  |  | 3 |  |  | — |  |  | 4 |
Total sales | $ | 684 |  |  | $ | 291 |  |  | $ | 196 |  |  | $ | 266 |  |  | $ | 1,437 |
Profit and loss: |  |  |  |  |  |  |  |  |
Provision for depreciation and amortization | $ | 31 |  |  | $ | 11 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 64 |
Segment Adjusted EBITDA | 186 |  |  | 64 |  |  | 28 |  |  | 64 |  |  | 342 |
Restructuring and other charges | 2 |  |  | — |  |  | 1 |  |  | — |  |  | 3 |
Capital expenditures | 23 |  |  | 7 |  |  | 3 |  |  | 6 |  |  | 39 |
| Engine Products |  | Fastening Systems |  | Engineered Structures |  | Forged Wheels |  | Total Segment
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 2,414 |  |  | $ | 989 |  |  | $ | 634 |  |  | $ | 872 |  |  | $ | 4,909 |
Inter-segment sales | 12 |  |  | — |  |  | 1 |  |  | — |  |  | 13 |
Total sales | $ | 2,426 |  |  | $ | 989 |  |  | $ | 635 |  |  | $ | 872 |  |  | $ | 4,922 |
Profit and loss: |  |  |  |  |  |  |  |  |
Provision for depreciation and amortization | $ | 97 |  |  | $ | 35 |  |  | $ | 36 |  |  | $ | 29 |  |  | $ | 197 |
Segment Adjusted EBITDA | 654 |  |  | 198 |  |  | 80 |  |  | 237 |  |  | 1,169 |
Restructuring and other (credits) charges | (1) |  |  | 1 |  |  | 7 |  |  | — |  |  | 7 |
Capital expenditures | 84 |  |  | 23 |  |  | 21 |  |  | 25 |  |  | 153 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |  |
Third-party sales | $ | 1,966 |  |  | $ | 832 |  |  | $ | 560 |  |  | $ | 792 |  |  | $ | 4,150 |
Inter-segment sales | 3 |  |  | — |  |  | 5 |  |  | — |  |  | 8 |
Total sales | $ | 1,969 |  |  | $ | 832 |  |  | $ | 565 |  |  | $ | 792 |  |  | $ | 4,158 |
Profit and loss: |  |  |  |  |  |  |  |  |
Provision for depreciation and amortization | $ | 93 |  |  | $ | 34 |  |  | $ | 36 |  |  | $ | 30 |  |  | $ | 193 |
Segment Adjusted EBITDA | 538 |  |  | 176 |  |  | 77 |  |  | 206 |  |  | 997 |
Restructuring and other charges (credits) | 9 |  |  | (3) |  |  | 4 |  |  | — |  |  | 10 |
Capital expenditures | 74 |  |  | 30 |  |  | 12 |  |  | 20 |  |  | 136 |
Schedule of Segment Reporting Information to Consolidated Income Before income Taxes | The following table reconciles Total Segment Adjusted EBITDA to Income before income taxes. Differences between the total segment and consolidated totals are in Corporate.
| Third quarter ended |  | Nine months ended
| September 30, |  | September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Total Segment Adjusted EBITDA | $ | 402 |  |  | $ | 342 |  |  | $ | 1,169 |  |  | $ | 997 |
Segment provision for depreciation and amortization | (67) |  |  | (64) |  |  | (197) |  |  | (193) |
Unallocated amounts: |  |  |  |  |  |  |
Restructuring and other charges | (4) |  |  | (4) |  |  | (8) |  |  | (12) |
Corporate expense | (24) |  |  | (46) |  |  | (87) |  |  | (93) |
Operating income | $ | 307 |  |  | $ | 228 |  |  | $ | 877 |  |  | $ | 699 |
Loss on debt redemption | — |  |  | — |  |  | (1) |  |  | (2) |
Interest expense, net | (54) |  |  | (57) |  |  | (166) |  |  | (172) |
Other expense, net | (11) |  |  | (67) |  |  | (5) |  |  | (67) |
Income before income taxes | $ | 242 |  |  | $ | 104 |  |  | $ | 705 |  |  | $ | 458 |
Schedule of Reconciliation of Capital Expenditures from Segments to Consolidated | The following table reconciles total segment capital expenditures with Capital expenditures as presented in the Statement of Consolidated Cash Flows.
| Third quarter ended |  | Nine months ended
| September 30, |  | September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Total segment capital expenditures | $ | 54 |  |  | $ | 39 |  |  | $ | 153 |  |  | $ | 136 |
Corporate | 5 |  |  | 3 |  |  | 11 |  |  | 12 |
Capital expenditures | $ | 59 |  |  | $ | 42 |  |  | $ | 164 |  |  | $ | 148 |
Schedule of Disaggregation of Revenue by Major End Market Served | The following table disaggregates segment revenue by major market served. Differences between the total segment and consolidated totals are in Corporate.
| Engine Products |  | Fastening Systems |  | Engineered Structures |  | Forged Wheels |  | Total Segment
Third quarter ended September 30, 2023 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 446 |  |  | $ | 209 |  |  | $ | 165 |  |  | $ | — |  |  | $ | 820 |
Aerospace - Defense | 165 |  |  | 41 |  |  | 45 |  |  | — |  |  | 251 |
Commercial Transportation | — |  |  | 67 |  |  | — |  |  | 285 |  |  | 352 |
Industrial and Other | 187 |  |  | 31 |  |  | 17 |  |  | — |  |  | 235 |
Total end-market revenue | $ | 798 |  |  | $ | 348 |  |  | $ | 227 |  |  | $ | 285 |  |  | $ | 1,658 |
Third quarter ended September 30, 2022 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 388 |  |  | $ | 156 |  |  | $ | 124 |  |  | $ | — |  |  | $ | 668 |
Aerospace - Defense | 124 |  |  | 43 |  |  | 56 |  |  | — |  |  | 223 |
Commercial Transportation | — |  |  | 63 |  |  | — |  |  | 266 |  |  | 329 |
Industrial and Other | 171 |  |  | 29 |  |  | 13 |  |  | — |  |  | 213 |
Total end-market revenue | $ | 683 |  |  | $ | 291 |  |  | $ | 193 |  |  | $ | 266 |  |  | $ | 1,433 |
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 1,324 |  |  | $ | 563 |  |  | $ | 458 |  |  | $ | — |  |  | $ | 2,345 |
Aerospace - Defense | 502 |  |  | 131 |  |  | 131 |  |  | — |  |  | 764 |
Commercial Transportation | — |  |  | 192 |  |  | — |  |  | 872 |  |  | 1,064 |
Industrial and Other | 588 |  |  | 103 |  |  | 45 |  |  | — |  |  | 736 |
Total end-market revenue | $ | 2,414 |  |  | $ | 989 |  |  | $ | 634 |  |  | $ | 872 |  |  | $ | 4,909 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |
Aerospace - Commercial | $ | 1,079 |  |  | $ | 459 |  |  | $ | 341 |  |  | $ | — |  |  | $ | 1,879 |
Aerospace - Defense | 384 |  |  | 112 |  |  | 176 |  |  | — |  |  | 672 |
Commercial Transportation | — |  |  | 169 |  |  | — |  |  | 792 |  |  | 961 |
Industrial and Other | 503 |  |  | 92 |  |  | 43 |  |  | — |  |  | 638 |
Total end-market revenue | $ | 1,966 |  |  | $ | 832 |  |  | $ | 560 |  |  | $ | 792 |  |  | $ | 4,150 |

X
- Definition Reconciliation of Capital Expenditures From Segments To Consolidated + References No definition available. + Details
Name: | hwm_ReconciliationOfCapitalExpendituresFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | hwm_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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