v3.20.2
Statement of Combined Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total Sales $ 1,415 $ 1,805 $ 4,213 $ 5,569
Cost of goods sold (exclusive of expenses below) (K) 1,218 1,565 3,614 4,849
Selling, general administrative, and other expenses 59 82 194 255
Research and development expenses 8 9 27 34
Provision for depreciation and amortization 63 63 191 190
Restructuring and other charges (E) 3 64 61 104
Operating income 64 22 126 137
Interest expense 22 29 97 86
Other expenses (income), net (F) 27 0 69 (4)
Income (Loss) before income taxes 15 (7) (40) 55
Provision for income taxes (H) 10 17 5 46
Net income (loss) 5 (24) (45) 9
Less: Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Arconic Corporation $ 5 $ (24) $ (45) $ 9
Earnings per Share Attributable to Arconic Corporation Common Shareholders (I):        
Basic (in dollars per share) $ 0.05 $ (0.22) $ (0.41) $ 0.08
Diluted (in dollars per share) $ 0.05 $ (0.22) $ (0.41) $ 0.08
Sales to unrelated parties        
Total Sales $ 1,391 $ 1,764 $ 4,132 $ 5,427
Sales to related parties        
Total Sales $ 24 $ 41 $ 81 $ 142