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		ExtrusionsTotal
2022
Sales:
Third-party sales$2,113 $329 $105 $2,547 
Intersegment sales11 — — 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 sales10 — — 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		ExtrusionsTotal
2022
Sales:
Third-party sales$3,917 $620 $202 $4,739 
Intersegment sales23 — 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 sales17 — — 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,
2022202120222021
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.