XML 43 R33.htm IDEA: XBRL DOCUMENT v3.25.3

Earnings Per Share and Common Stock (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliation of Information Used to Compute Basic and Diluted EPS

The information used to compute basic and diluted EPS attributable to Howmet common shareholders was as follows (shares in millions in the table below):

			Third quarter ended												Nine months ended
			September 30,												September 30,
			2025						2024						2025						2024
Net income			$	385					$	332					$	1,136					$	841
Less: preferred stock dividends declared			1						1						2						2
Net income available to Howmet Aerospace common shareholders - basic and diluted			$	384					$	331					$	1,134					$	839
Average shares outstanding - basic			403						408						404						408
Effect of dilutive securities:
Stock and performance awards			2						2						2						3
Average shares outstanding - diluted			405						410						406						411

Schedule of Share Repurchases

The following table provides details for share repurchases made for the periods presented:

			Number of shares(1)						Average price per share(2)						Total
Q1 2025 open market repurchase			1,006,102						$	124.24					$	125
Q2 2025 open market repurchase			1,229,313						$	142.36					$	175
Q3 2025 open market repurchase			1,097,686						$	182.20					$	200
2025 Share repurchases as of September 30, 2025			3,333,101						$	150.01					$	500
Q1 2024 open market repurchase			2,243,259						$	66.87					$	150
Q2 2024 open market repurchase			734,737						$	81.66					$	60
Q3 2024 open market repurchase			1,061,323						$	94.22					$	100
2024 Share repurchases as of September 30, 2024			4,039,319						$	76.75					$	310

(1)All of the shares repurchased have been retired.

(2)Excludes commissions cost.

X

- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481138/505-30-25-5

+ Details

Name:	us-gaap_AcceleratedShareRepurchasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration