v3.22.2.2

Leases​ | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Leases Arconic leases certain land and buildings, plant equipment, vehicles, and computer equipment, which have been classified as operating leases. Operating lease cost, which includes short-term leases and variable lease payments and approximates cash paid, was $13 and $40 in the 2022 third quarter and nine-month period, respectively, and $15 and $45 in the 2021 third quarter and nine-month period, respectively. Right-of-use assets obtained in exchange for operating lease obligations were $22 in the 2022 nine-month period and $13 in the 2021 nine-month period. Future minimum contractual operating lease obligations were as follows:
| September 30, 2022
2022 | $ | 10 |
2023 | 34 |
2024 | 27 |
2025 | 20 |
2026 | 14 |
Thereafter | 31 |
Total lease payments | $ | 136 |
Less: imputed interest | 23 |
Present value of lease liabilities | $ | 113 |
The weighted-average remaining lease term and weighted-average discount rate for the Company’s operating leases at September 30, 2022 and December 31, 2021 was 6.0 years and 6.1 years, respectively, and 6.0% and 5.8%, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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