v3.22.2

Segment and Related Information​ (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The operating results of Arconic’s reportable segments were as follows (differences between segment totals and the Company’s consolidated totals for line items not reconciled are in Corporate):
Second quarter ended June 30, |  | Rolled Products |  | Building and Construction Systems |  | Extrusions |  | Total
2022 |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |
Third-party sales |  | $ | 2,113 |  |  | $ | 329 |  |  | $ | 105 |  |  | $ | 2,547 |
Intersegment sales |  | 11 |  |  | — |  |  | — |  |  | 11 |
Total sales |  | $ | 2,124 |  |  | $ | 329 |  |  | $ | 105 |  |  | $ | 2,558 |
Segment Adjusted EBITDA |  | $ | 174 |  |  | $ | 53 |  |  | $ | (12) |  |  | $ | 215 |
Provision for depreciation and amortization |  | $ | 49 |  |  | $ | 5 |  |  | $ | 6 |  |  | $ | 60 |
2021 |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |
Third-party sales |  | $ | 1,474 |  |  | $ | 257 |  |  | $ | 70 |  |  | $ | 1,801 |
Intersegment sales |  | 10 |  |  | — |  |  | — |  |  | 10 |
Total sales |  | $ | 1,484 |  |  | $ | 257 |  |  | $ | 70 |  |  | $ | 1,811 |
Segment Adjusted EBITDA |  | $ | 173 |  |  | $ | 35 |  |  | $ | (8) |  |  | $ | 200 |
Provision for depreciation and amortization |  | $ | 49 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | 59 |
Management is conducting a business review of Extrusions aimed at identifying alternatives to improve the financial performance of this segment in future periods. Such alternatives could include a restructuring of the operations that may result in asset impairment charges. As of June 30, 2022, the aggregate carrying value of Extrusions’ properties, plants, and equipment, intangible assets, and operating lease right-of-use assets was approximately $230.
Six months ended June 30, |  | Rolled Products |  | Building and Construction Systems |  | Extrusions |  | Total
2022 |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |
Third-party sales |  | $ | 3,917 |  |  | $ | 620 |  |  | $ | 202 |  |  | $ | 4,739 |
Intersegment sales |  | 23 |  |  | — |  |  | 1 |  |  | 24 |
Total sales |  | $ | 3,940 |  |  | $ | 620 |  |  | $ | 203 |  |  | $ | 4,763 |
Segment Adjusted EBITDA |  | $ | 350 |  |  | $ | 97 |  |  | $ | (17) |  |  | $ | 430 |
Provision for depreciation and amortization |  | $ | 97 |  |  | $ | 9 |  |  | $ | 10 |  |  | $ | 116 |
2021 |  |  |  |  |  |  |  |
Sales: |  |  |  |  |  |  |  |
Third-party sales |  | $ | 2,838 |  |  | $ | 493 |  |  | $ | 145 |  |  | $ | 3,476 |
Intersegment sales |  | 17 |  |  | — |  |  | — |  |  | 17 |
Total sales |  | $ | 2,855 |  |  | $ | 493 |  |  | $ | 145 |  |  | $ | 3,493 |
Segment Adjusted EBITDA |  | $ | 338 |  |  | $ | 63 |  |  | $ | (12) |  |  | $ | 389 |
Provision for depreciation and amortization |  | $ | 97 |  |  | $ | 9 |  |  | $ | 11 |  |  | $ | 117 |
The following table reconciles total Segment Adjusted EBITDA to consolidated net income (loss) attributable to Arconic Corporation:
|  | Second quarter ended June 30, |  | Six months ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Total Segment Adjusted EBITDA |  | $ | 215 |  |  | $ | 200 |  |  | $ | 430 |  |  | $ | 389 |
Unallocated amounts: |  |  |  |  |  |  |  |
Corporate expenses(1) |  | (10) |  |  | (10) |  |  | (19) |  |  | (19) |
Stock-based compensation expense |  | (8) |  |  | (5) |  |  | (13) |  |  | (7) |
Metal price lag(2) |  | 30 |  |  | (11) |  |  | (6) |  |  | (6) |
Unrealized gains on mark-to-market hedging instruments and derivatives (Q) |  | 21 |  |  | — |  |  | 23 |  |  | — |
Provision for depreciation and amortization |  | (62) |  |  | (62) |  |  | (122) |  |  | (125) |
Restructuring and other charges (E) |  | (2) |  |  | (597) |  |  | (7) |  |  | (598) |
Other(3) |  | (40) |  |  | (10) |  |  | (46) |  |  | (16) |
Operating income (loss) |  | 144 |  |  | (495) |  |  | 240 |  |  | (382) |
Interest expense |  | (26) |  |  | (25) |  |  | (51) |  |  | (48) |
Other income (expenses), net (F) |  | 35 |  |  | (15) |  |  | 18 |  |  | (37) |
(Provision) Benefit for income taxes (H) |  | (38) |  |  | 108 |  |  | (50) |  |  | 92 |
Net income attributable to noncontrolling interest |  | (1) |  |  | — |  |  | (1) |  |  | — |
Consolidated net income (loss) attributable to Arconic Corporation |  | $ | 114 |  |  | $ | (427) |  |  | $ | 156 |  |  | $ | (375) |
________________ (1)Corporate expenses are composed of general administrative and other expenses of operating the corporate headquarters and other global administrative facilities. (2)Metal price lag represents the financial impact of the timing difference between when aluminum prices included in Sales are recognized and when aluminum purchase prices included in Cost of goods sold are realized. This adjustment aims to remove the effect of the volatility in metal prices and the calculation of this impact considers applicable metal hedging transactions. (3)Other includes certain items that impact Cost of goods sold and Selling, general administrative, and other expenses on the Company’s Statement of Consolidated Operations that are not included in Segment Adjusted EBITDA. In the 2022 second quarter and six-month period, the respective amounts include costs related to a new union labor agreement of $19 (see Note G) and environmental remediation charges of $9 (see Environmental Matters in Note P), both of which were recorded in Cost of goods sold on the accompanying Statement of Consolidated Operations.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration