v3.22.0.1

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The respective carrying value and fair value of Arconic’s financial instruments were as follows:

						2021												2020
December 31,						Carrying value						Fair value						Carrying value						Fair value
Cash and cash equivalents						$	335					$	335					$	787					$	787
Derivative instruments - assets						1						1						3						3
Short-term borrowings						—						—						14						14
Derivatives instruments - liabilities						23						23						2						2
Long-term debt						1,594						1,692						1,278						1,399

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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X

- References

No definition available.

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