v3.22.2

Preferred and Common Stock | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Stockholders' Equity Note Disclosure | Preferred and Common StockOn May 4, 2021, Arconic announced that its Board of Directors approved a share repurchase program authorizing the Company to repurchase shares of its outstanding common stock up to an aggregate transactional value of $300 over a two-year period expiring April 28, 2023. Repurchases under the program may be made from time to time, as the Company deems appropriate, solely through open market repurchases effected through a broker dealer, based on a variety of factors such as price, capital position, liquidity, financial performance, alternative uses of capital, and overall market conditions. There can be no assurance as to the number of shares the Company will repurchase. The share repurchase program may be increased or otherwise modified, renewed, suspended or terminated by the Company at any time, without prior notice. This program is intended to comply with Rule 10b5-1 and all purchases shall be made in compliance with Rule 10b-18, including without limitation the timing, price, and volume restrictions thereof. In the 2022 second quarter and sixth-month period, Arconic repurchased 1,324,027 and 1,830,009 shares, respectively, of the Company's common stock for $37 and $53, respectively, under this program. Cumulatively, Arconic has repurchased 6,742,514 shares of the Company’s common stock for $214 since the program’s inception.

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