v3.22.2
Statement of Combined Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total sales $ 2,548 $ 1,801 $ 4,739 $ 3,476
Cost of goods sold (exclusive of expenses below) 2,258 1,567 4,214 2,998
Selling, general administrative, and other expenses 73 61 138 120
Research and development expenses 9 9 18 17
Provision for depreciation and amortization 62 62 122 125
Restructuring and other charges (E) 2 597 7 598
Operating income (loss) 144 (495) 240 (382)
Interest expense 26 25 51 48
Other (income) expenses, net (35) 15 (18) 37
Income (Loss) before income taxes 153 (535) 207 (467)
Provision (Benefit) for income taxes 38 (108) 50 (92)
Net income (loss) 115 (427) 157 (375)
Net Income (Loss) Attributable to Noncontrolling Interest 1 0 1 0
Net income (loss) attributable to Arconic Corporation $ 114 $ (427) $ 156 $ (375)
Earnings Per Share Attributable to Arconic Corporation Common Stockholders        
Basic $ 1.08 $ (3.89) $ 1.48 $ (3.41)
Diluted $ 1.05 $ (3.89) $ 1.44 $ (3.41)