v3.22.0.1

Leases​ | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases | Leases Arconic leases certain land and buildings, plant equipment, vehicles, and computer equipment, which have been classified as operating leases. Operating lease cost, which includes short-term leases and variable lease payments and approximates cash paid, was $59, $62, and $63 in 2021, 2020, and 2019, respectively. Right-of-use assets obtained in exchange for operating lease obligations in 2021 and 2020 were $17 and $46, respectively. Future minimum contractual operating lease obligations were as follows:
December 31, |  | 2021
2022 |  | 40 |
2023 |  | 30 |
2024 |  | 23 |
2025 |  | 17 |
2026 |  | 12 |
Thereafter |  | 28 |
Total lease payments |  | $ | 150 |
Less: imputed interest |  | 25 |
Present value of lease liabilities |  | $ | 125 |
The weighted-average remaining lease term and weighted-average discount rate for Arconic's operating leases at December 31, 2021 and 2020 was 6.1 and 6.6 years, respectively, and 5.8% and 5.9%, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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